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Thread: Too big to fail is quite a concept. We are completely at the mercy of big banks.

  1. Default Too big to fail is quite a concept. We are completely at the mercy of big banks.

    Let's beat a dead horse until it speaks.

    Too big to fail means no consequences for any actions, complete immunity. It means that Vegas (I mean our elected government) just gave you an unlimited supply of chips to play as you please. It means that bankers rule the world, not the people through our own governments.

    Yeah, I don't see that turning out very well. What are they going to do about all of these insolvent banks? I believe Max Keiser is correct here, they're going to centralize even more power into their unaccountable hands with the help of governments across the western world.



    Last edited by NetworkCitizen; Jun 22 2012 at 04:39 PM.
    The State has never been created by a "social contract"; it has always been born in conquest and exploitation.

    -Rothbard

    .

  2. Likes Montoya, RedRepublic liked this post

  3. #2

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    Government by the Banks for the Banks of the Banks ,is not "democracy" now ,what is the Solution ?

    Would be Revolution of the socialist or working Class type,the ANTI-Calpitialist Ruling Class Type Revolution .As the national revolution is well, not apllicable to the centre of World Capitialist Imperialism.

    History determines the class nature of the permanent revolution ,not we !

    once upon a time in feudal days before the modern proletariet existed ,a ruling Class from England thought the Americas theirs ,at least the Pocessions of Europe,and that ruling Class would still rule except for ,starts with an R ends in a N.

    As the class struggle is the driving force of History ,concentrated in political form by the struggle of Political party's not Governments .the Key to the current Political impasse takes Party form ,not government ,the Anti-Capitialist Pro- Workers Party!

    Come join with the working class and change the world .We need leaders ,you need ,the Working Class United !

    Capitialism is finished one way ,WW3 or the other World Socialist Revolution \Revolution in Permanence ,as Trotsky also called it!

    TO BIG TO FAIL ,and GFC 2.0 is breathing down their necks as the printing presses and the Capitial accelerater is pushed full open ,and its all "pledges to pay"never hard currency or gold even .

    WHEN SPAIN GOES AND ITALY THE NEXT WILL BE GERMANY ,as the class struggle EXPLODES!

    United Socialist States of Europe ,not national barriers in political form or otherwise ,And Mercel the 'Perkel" Christian nutter ,squawking something about "European political union " just like one ADOLF HITLER ,for they mean Deutcher bank and German Imperialist Political Unification ,and NO THANKS BEEN "THERE",WW1and 2, DON"T WANT TO GO BACK .

    BTW, socialist Unification denotes the Global intergration of Democracy based on globalised economy not national stupidity!
    Last edited by philxx; Jun 22 2012 at 05:06 PM.
    VOTE SEP [Australia]!Down with the political duoploy!
    Party's of the rich for the rich!

    DEFEND Afghanistan ,STOP the debacle and quagmire DEFEND SYRIA stop the support for the 'rebel' TERRORISTS!
    Bring the Troops HOME!
    Workers of EUROPE UNITE ,No to DEPRESSION ,AUSTERITY and WW3!


    http://www.wsws.org

  4. #3

    Default

    How about too big to save?

    It may have been in the video...my computer is so slow it doesn't download videos well.
    Last edited by politicalcenter; Jun 22 2012 at 05:11 PM.
    The truth is neither right or left...it is the truth.

  5. #4

    Default

    To Capitialist to be Trusted ,would you trust Rupert Murdoch with your hard earned ?

    And a stable system of economy it is not ,Stockmarkets are well ,a little dated ,we humans have computer planing now ,more efficent then any Blind market force could ever be.
    VOTE SEP [Australia]!Down with the political duoploy!
    Party's of the rich for the rich!

    DEFEND Afghanistan ,STOP the debacle and quagmire DEFEND SYRIA stop the support for the 'rebel' TERRORISTS!
    Bring the Troops HOME!
    Workers of EUROPE UNITE ,No to DEPRESSION ,AUSTERITY and WW3!


    http://www.wsws.org

  6. Default

    Quote Originally Posted by philxx View Post
    Government by the Banks for the Banks of the Banks ,is not "democracy" now ,what is the Solution ?

    Would be Revolution of the socialist or working Class type,the ANTI-Calpitialist Ruling Class Type Revolution .As the national revolution is well, not apllicable to the centre of World Capitialist Imperialism.

    History determines the class nature of the permanent revolution ,not we !

    once upon a time in feudal days before the modern proletariet existed ,a ruling Class from England thought the Americas theirs ,at least the Pocessions of Europe,and that ruling Class would still rule except for ,starts with an R ends in a N.

    As the class struggle is the driving force of History ,concentrated in political form by the struggle of Political party's not Governments .the Key to the current Political impasse takes Party form ,not government ,the Anti-Capitialist Pro- Workers Party!

    Come join with the working class and change the world .We need leaders ,you need ,the Working Class United !

    Capitialism is finished one way ,WW3 or the other World Socialist Revolution \Revolution in Permanence ,as Trotsky also called it!

    TO BIG TO FAIL ,and GFC 2.0 is breathing down their necks as the printing presses and the Capitial accelerater is pushed full open ,and its all "pledges to pay"never hard currency or gold even .

    WHEN SPAIN GOES AND ITALY THE NEXT WILL BE GERMANY ,as the class struggle EXPLODES!

    United Socialist States of Europe ,not national barriers in political form or otherwise ,And Mercel the 'Perkel" Christian nutter ,squawking something about "European political union " just like one ADOLF HITLER ,for they mean Deutcher bank and German Imperialist Political Unification ,and NO THANKS BEEN "THERE",WW1and 2, DON"T WANT TO GO BACK .

    BTW, socialist Unification denotes the Global intergration of Democracy based on globalised economy not national stupidity!

    Interesting post but this situation reeks of fascism, not necessarily capitalism. With a large collection of central power, it is always ripe for abuse. I believe there needs to be some decentralization if we wish not to be ruled by plutocracy. People are lazy, unaware, and will not hold their government accountable. How would you intend to install the goals of a socialist worker party movement? Elect another liar and thief?
    The State has never been created by a "social contract"; it has always been born in conquest and exploitation.

    -Rothbard

    .

  7. #6

    Default

    Quote Originally Posted by NetworkCitizen View Post
    Interesting post but this situation reeks of fascism, not necessarily capitalism. With a large collection of central power, it is always ripe for abuse. I believe there needs to be some decentralization if we wish not to be ruled by plutocracy. People are lazy, unaware, and will not hold their government accountable. How would you intend to install the goals of a socialist worker party movement? Elect another liar and thief?
    Thank you for asking the marxist movement has an answer ,no elected official can earn more then a factory workers wage .They will have accomadation provided ,travel ect ,but their actual pay same as an average worker.

    The current crop of careerists and lawyers would of course resign on mass ,if we don't have them on War crime trials and in jail of course awaiting sentencing.

    But ,under a workers Government ,no higher then a factiory worker and no re-election after one term ,so everyone can be in the seat if they want to.

    Of course as you wopuld know the higher form of socialism ,Communism wouldn't have a State or government ,but would be self regulating and classless.
    Last edited by philxx; Jun 22 2012 at 06:22 PM.
    VOTE SEP [Australia]!Down with the political duoploy!
    Party's of the rich for the rich!

    DEFEND Afghanistan ,STOP the debacle and quagmire DEFEND SYRIA stop the support for the 'rebel' TERRORISTS!
    Bring the Troops HOME!
    Workers of EUROPE UNITE ,No to DEPRESSION ,AUSTERITY and WW3!


    http://www.wsws.org

  8. Default

    Yeah right centralizing ever more hand in the power of a government that not only permitted this to happened but aided and abetted it at every turn over the last 80 years is the way to go.

    Let's, in our ruah to judgement not forget that the banks weren't the only things that got bailed out.

  9. Default

    I like the baby bell method, any abusive monopoly too big to fail should be broken up into baby bells
    ~
    belief is what is important, not so much what you believe, for instance, an ordinary sugar pill without belief helps no one, but with belief it can cure your ills and it can be quite the amazing little pill - the magic really comes from within

    ~

  10. #9

    Default

    Quote Originally Posted by FreshAir View Post
    I like the baby bell method, any abusive monopoly too big to fail should be broken up into baby bells
    Yeah, that worked out well...

    http://www.ebaumsworld.com/video/watch/955486/
    Last edited by thintheherd; Jun 22 2012 at 07:01 PM. Reason: can't find a flippin video to embed properly
    "Nor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time to gather the fruits, a reduction of taxation will run a better chance than an increase of balancing the budget."
    - John Maynard Keynes
    The Means to Prosperity


    "Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government."
    - Milton Friedman
    Capitalism & Freedom

    eCigs - Tastes Great, Less Killing

  11. Default

    Quote Originally Posted by thintheherd View Post
    think it has worked out very well, companies have failed and were not too big to fail, technology improved a lot after the split up, was a win\win

    should of split up ms back in 2000 when they abused their monopoly imagine the innovation we would of seen


    .
    Last edited by FreshAir; Jun 22 2012 at 07:18 PM.
    ~
    belief is what is important, not so much what you believe, for instance, an ordinary sugar pill without belief helps no one, but with belief it can cure your ills and it can be quite the amazing little pill - the magic really comes from within

    ~

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