- This topic has 18 replies, 8 voices, and was last updated May 13, 2010 at 11:46 am by 1984.
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May 12, 2010 at 3:04 pm #1049125
What would happen if everyone simultaneously stopped paying their mortgages, rent, credit cards insurance etc.etc. Makes no odds to me cos i dont pay any of these thing anyway,but sirely it would take the power away from the banks and give it back to the people.
May 12, 2010 at 3:07 pm #1225737the power to live in a collapsed economy?
we’re a tank of petrol away from anarchy, I dont think it would be a good idea 😛
Do the banks really have power? They certainly have no significant say in my life as far as I know
May 12, 2010 at 3:30 pm #1225732Isnt the economy already collapsed, look at Greece and Portugal. I was really stoned last night and was trying to figure out why it is we have to borrow money all the time just to put a roof over our head. I’ll admit i know fuck all about economics but it seems with all these millions of people mortgaged up to fuck they are essentially stuck on a hamster wheel for the rest of their lives working hard to feather other peoples nests just so they can sleep somewhere dry.
Surely somewhere to live is a right and people shouldnt have to kill themselves to acheive it.
How much cash did mortgage payments generate last year? and why did the tax payer end up bailing the banks out?
Like i say i dont really get economics.
May 12, 2010 at 3:33 pm #1225738thats true to some extent I dont think you should need to borrow to survive.
Personally I dont have a mortgage or a credit card I live off what comes in from my job month by month
The whole pressure to get on the housing ladder seems to be a UK thing, many other countries in europe dont have the same attitude, rented accomodation is cheaper and more readily available, and people dont feel the need to aquite wealth to pass onto their kids
So I say the problem is not with the banks but with the people and how they use them
May 12, 2010 at 3:37 pm #1225733Thats true rentals are a lot cheaper in europe, in fact its only when you start renting off the english in spain that it becomes expensive.
I too have no mortgage no cards or any of that stuff i live in a squat and everything i could possibly need comes out of bins. so i guess its easy for me to think of it all as a waste of time.
I do still think though banks are an unecessary evil.
May 12, 2010 at 3:38 pm #1225741we would all rise up and become totally free with our new found poverty and destroyed economy.
May 12, 2010 at 3:44 pm #1225734Surely without wealth there would be no poverty?
May 12, 2010 at 3:45 pm #1225739Living off the land does appeal to me somewhat.. but Im not sure i could live without things like the national health service. and such things pretty much rely on an electronic money system.
May 12, 2010 at 3:45 pm #1225740@fc mcjake 383799 wrote:
Surely without wealth there would be no poverty?
lack of food is still considered poverty even if there is no such thing as money.. and england would be fucked without an economy because we import so much food
May 12, 2010 at 3:49 pm #1225742@fc mcjake 383799 wrote:
Surely without wealth there would be no poverty?
surly without wealth we all become poor, equally poor, but poor all the same. Not sure if its would technically be classed as poverty as that’s a relative term, but its also a world relative term so I guess it would still apply.
tbh there are so many factors its almost impossible to predict, but I see no reason why it would be good. But then I am only 24 so god knows.
May 12, 2010 at 4:01 pm #1225727Mortgages in some areas on the right deals are cheaper than renting and as I mentioned elsewhere squatting isn’t a viable option.
other nations in the eurozone aren’t crashing even if they are suffering slightly from a recession, but its clear they aren’t wanting to share the wealth with newcomers (immigrants)
US economy is already crashing. People what don’t pay their mortgages are getting reposessed by men with guns acting on behalf of the bankers and who are willing to do so. Although squatters do exist its a bit chancy if they can face armed resistance, particularly in states where deadly force is authorised in defence of property.
The system of stocks and shares/interest is a bad thing.
However, the use of money, markets and accounting as a token to value resources instead of barter isn’t so bad. Just imagine if you repaired someones bike and they gave you 3 live geese as payment and you weren’t a poultry farmer but lived in town. Apart from the ethical dilemma if you were veggie/vegan, they are noisy and make a mess on the carpet, and if you tried exchanging them at the bike shop for a Shimano 14-34 Megarange freewheel you’d be lucky not to stay out of the loony bin if the RSPCA didn’t get you first.
May 12, 2010 at 4:01 pm #1225729@Iacchus 383784 wrote:
Do the banks really have power? They certainly have no significant say in my life as far as I know
Well for a start David Cameron is the son of a stock broker and from a long line of bankers, his great, great grandad was the London head of the Hong Kong and Shanghigh Bank and Nick Clegg’s father is chairman of the United Trust Bank … I allready thought that banks has there fingures in the political pie way too much and way more than we are told .. but this blatently take’s the piss imo! :yakk:
May 12, 2010 at 4:59 pm #1225735And george bush’s grandad was a banker that stashed money away for the nazis.
May 12, 2010 at 10:14 pm #1225728I would be happy
May 12, 2010 at 11:08 pm #1225731If everyone decided to do this it’d be quite a shame that people could get together to do this thing but not something much much more beneficial for the earth.
May 13, 2010 at 12:08 am #1225726Anonymous
Isnt there a machine somewhere that makes/prints money? why cudnt they just make it so it prints a shit load . seems such an obvious way to get more money in the country lol
May 13, 2010 at 8:29 am #1225743@Diceface 383872 wrote:
Isnt there a machine somewhere that makes/prints money? why cudnt they just make it so it prints a shit load . seems such an obvious way to get more money in the country lol
just means the currency is worth less every-time you print more, can lead to hyper inflation and all sorts of problems. Though they did to it to an extent with the recession.
May 13, 2010 at 10:03 am #1225736@Diceface 383872 wrote:
Isnt there a machine somewhere that makes/prints money? why cudnt they just make it so it prints a shit load . seems such an obvious way to get more money in the country lol
doesnt increase the wealth, it just leads to inflation…
if there is more money in the country, then everything will cost more, because its all relative… instead of paying 20p for a chocolate bar you now pay 30p, because you earn 30 grand instead of 20 grand… that sort of thing
May 13, 2010 at 11:46 am #1225730you’ll never avoid long term inflation as the banks LEND the cash to the govenment at a % … so from the start the govenment is in debt … the more cash that the govenment borrows from the banks the more it’s in debt and the more interest they owe!
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