Occupy Leister

[The Major]

That's because 'envy' wasn't the answer.

No, that wasn't it. I just didn't know what 'How do you think it could effect change?' was suppose to mean.

 

[drew]

http://www.youtube.com/watch?v=q-7qLQuEAQc&feature=youtu.be

 

[Biffa Bacon]

I'm seriously envious of people who camp out by the clocktower I've always wanted to do that.

 

[Macky]

http://www.youtube.com/watch?v=q-7qLQuEAQc&feature=youtu.be

You can't eat metal and it only has as much value as other people place in it and only while it's a commodity that somebody else wants.
It is not the panacea that some people seem to be kidding themselves that it is.

 

[drew]

I love that "you can't eat gold" saying, you can't eat money either. I could walk into most jewellers on Melton Rd tomorrow and they would buy gold at roughly 2-3% off spot price. You cant do that with a savings bond that is locked away for 5 year with a shitty 5% return.

Nothing will cure the shit storm that is coming, that's why you ride the bubbles that it will create. This is why so many self proclaimed property gurus got burned when they were buying at the height of the property boom thinking they were killing it, the smart people are were out of it as they were buying in.

The banks propelled us into the mire with cheap loans and credit facilities way beyond peoples means, we're hooked on debt, nobody complained about it at the time.

 

[Macky]

I love that "you can't eat gold" saying, you can't eat money either. I could walk into most jewellers on Melton Rd tomorrow and they would buy gold at roughly 2-3% off spot price. You cant do that with a savings bond that is locked away for 5 year with a shitty 5% return.

Yes, I agree with you. I think you've misunderstood me. It doesn't matter a **** what you'll get from a jeweller on Melton road tomorrow. In terms of the coming collapse, it only matters what price you will get for your gold at that time and what you will be exchanging it for. It's pointless exchanging it for a wheelbarrow full of 'cash' if it won't buy you a loaf of bread.

Nothing will cure the shit storm that is coming, that's why you ride the bubbles that it will create. This is why so many self proclaimed property gurus got burned when they were buying at the height of the property boom thinking they were killing it, the smart people are were out of it as they were buying in.

Indeed.

The banks propelled us into the mire with cheap loans and credit facilities way beyond peoples means, we're hooked on debt, nobody complained about it at the time.

To be fair, there were actually lots of people complaining about it and it's not that everybody is 'hooked' on debt (the only debt I have is the €100 worth of smoke I got at the weekend) the problem is that money is debt, that's how it's created and it's what the entire system depends on. Which is why it's completely unsustainable.

 

[Mawsley]

Why don't you enlighten us then oh great one, make it extra specially condescending as well please.

Is there a particular reason for this ****ish post?

 

[Mawsley]

...nobody complained about it at the time.

Nobody?

Hmm.

 

[drew]

Nobody was a bit strong, I was on my way to bed, how does masses work for you?

 

[drew]

Yes, I agree with you. I think you've misunderstood me. It doesn't matter a **** what you'll get from a jeweller on Melton road tomorrow. In terms of the coming collapse, it only matters what price you will get for your gold at that time and what you will be exchanging it for. It's pointless exchanging it for a wheelbarrow full of 'cash' if it won't buy you a loaf of bread.



Indeed.



To be fair, there were actually lots of people complaining about it and it's not that everybody is 'hooked' on debt (the only debt I have is the €100 worth of smoke I got at the weekend) the problem is that money is debt, that's how it's created and it's what the entire system depends on. Which is why it's completely unsustainable.

The last place that suffered hyper inflation started using gold as tender.

 

[Mawsley]

Nobody was a bit strong, I was on my way to bed, how does masses work for you?

A vast amount of people who had debt didn't complain but institutions across the planet were pointing at unsustainable levels of debt being carried by individuals and countries - I think 'nobody' is applicable when we consider who actually took action to prevent the banks from continuing with their corrupt, venal business methodology.

I've been saying the same thing about football clubs and the debt they carry but it feels like nobody gives a shit about that. I am sure there are lots more who share my concerns but not until we see a couple of large clubs go tits-up will anyone be provoked into doing something. It's not the vocalising of the problem, it's the management of the situation which is at issue.

I can strongly recommend Mark Buchanan's Ubiquity by way of supporting my belief that the actual voices being raised about debt are irrelevant and that it was down to government inaction and vested interests.

 

[Darth Vodka]

You cant do that with a savings bond that is locked away for 5 year with a shitty 5% return.

try Italian bonds....about 7%

 

[spionfox]

try Italian bonds....about 7%

Or James Bond at a piss poor 0.07%

 

[Dour]

http://www.youtube.com/watch?v=q-7qLQuEAQc&feature=youtu.be

One month on, and you'd be 10 per cent down.

 

[drew]

One month on, and you'd be 10 per cent down.

Come back at me in 3 to 4 years time, not one month. This is a long term hold and every dip like this I buy.

 

[OldGit]

Come back at me in 3 to 4 years time, not one month. This is a long term hold and every dip like this I buy.

Good for you. Glad to know somebody can afford to!

 

[bocadillo]

Good for you. Glad to know somebody can afford to!

And therein lies the rub.