I’m more focused on the implications. If (read: when) things default, they expect to cash in on FDIC, essentially wiping us out because that kind of bailout isn’t even remotely feasible (hell, FDIC only has like, $4B to spare on such a catastrophe). If they don’t, the possibility of a global collapse is extremely high. So by pulling this stunt, BoA and JPM are holding the world hostage on an almost supervillain level by doing this, saying “if we go down, you’re going with us”.
Not to get all apocalyptic about it, but the people who have the least idea of how to survive in a post-financial collapse society are the people most likely to cause it, and they should be very worried about that.
I say call them on it. I want to see what happens when people who apparently can’t survive without a $2 billion/year salary suddenly find themselves in a world where money as we know it no longer exists. That shit is going to be the greatest shit of all time.
I think they’ll be okay with their large mansion estates and vehicles. They can easily jump ship to a safer location outside of the US if everything goes bad, after ruining it for everyone.
True, I just to cynical to take this movement seriously at this point.
As for your second statement, it always has been like that. Which reminds me of a segment of the Federalist papers my friend told me about when all this started. It went along teh lines of
Be wary of those movements with leaders because although it looks like they want to do good, they may be doing it for all the wrong reasons, and because of that greed, they can quickly become corrupted.
I don’t often call for severe punishment on people, even dictators for that matter because of the hypocrisy of it. But for once I can legitaly say that these institutions need to be killed, and these people trailed for high treason against the United States for purposely undermining the integrity and welfare of this once great nation for their own needs and shot. these people need to be made an example of. Especially the ones in government who support these people.
thats what cracks me up about the whole student debt situation.
Student debt hit $1 trillion today
there is now more student debt, than credit card debt. The best part, is that none of these students have collateral, and the Government has to foot the bill if any student doesn’t pay (this is a fucking retarded thing that has to end). So at what point do you officially realize this is a problem? Since the 1970’s, minimum wage has gone up 300%, yet rent/housing costs and tuition has gone up over 1000%. You used to be able to work 14 hours a week and you could afford your tuition. Now, 35 hours a week gets you tuition, and you still have books, and board.
So what happens if every student is like “fuck you” to the financial institutions that raped them with tuition loans, and the government gets a $1 TRILLION bill to recoup the costs? At least when banks raped us during the 2008 meltdown, they could repossess people’s houses. What do you repossess from a broke ass student with $100,000 in debts, and no job, living with his folks?
^
you privitize education and then really exploit the country on levels never before seen.
Things going bad 
The only thing the government could possibly do to students that can’t pay back their loans would be to incarcerate them. They can’t kill them, they can’t force them to work in debt their entire lives (actually some people do). Or they could just eliminate it all debt, but the economy would probably take a worse hit. It’s going to collapse eventually, why not just bust the damn thing already.
The only solution that would make sense is changing the entire system… perhaps to a resource based economy?.. no that’s crazy talk. We need money! It’s all we’ve ever known. It’s the only way.
The way I hear it, a lot of them already HAVE.
And those who haven’t, have accommodations already lined up and waiting for them to jump ship.
This, there was an article on the other day on how a lot of these millionare’s have submarines ready to leave the country, with full contingency plans when revolution comes knocking on their doors. State of the art security with armed transport on standby to the nearest escape pod when the time comes. They are transferring large sums of money into foreign banks so no one can freeze thier assets in the worst case scenario.
there was one guy who spent over 100 million dollars to ensure he has an escape plan out of the country.
Man when shit hits the fan, we are going to make the french look like amateurs.
It is my most fervent wish that, when those evil bastard DO escape this country with all of the money that they have bled from us, that they are met with the most violent welcome imaginable by the locals of whatever country they hop to.
That way maybe they will be stopped before they start their cycle of rapine plunder over again.
The only thing I don’t get about that idea is if this goes down how it sounds like it will… where would they run to? It’s gonna be a global problem. Their “offshore island haven” isn’t around yet, and escape will only be temporary as the rest of the world collapses. Eventually, they’ll be in a corner, or otherwise have to vanish from existence to not be strung up. Hardly livin’ it up on a private island or whatever, especially when their money, regardless of where it’s moved, is worth precisely dick.
I like how before I die, a LOT of rich heads are gonna roll.
this reminds me of that one Simpsons episode when the Monorail sale’s man sells Springfield a faluty rail. Only to escape and be brutally dealt with in another city.
Money gives you crazy ideas and a sense of security. Shows how rational these people are, I guess all the coke and alcohol got to them
We’re all just playing one big ass game of Monopoly. When they (the few) win and everyone else loses, it all will have to go back in the box. There will be nothing left, and we will be left at an impasse. Learn to live together and survive using what our planet gives us, or return to an outdated system and possibly not survive.
I would imagine that one of the favorite activities of post-econopocalypse survivors is going to be making lists of these people and hunting their heads, wherever they may be. A nice ironic ending, following how thoroughly they’ve undermined law and order in their quest for riches.
So Gaddafi was killed today. Yay right?
http://www.youtube.com/watch?v=uBnXeExpmtA&feature=feedu
The real reason why NATO intervened in Libya
http://www.youtube.com/watch?v=GuqZfaj34nc
Try and change currencies to take power away from the US and corporations = bad idea. Basically it takes the power away from banks who make their money from creating debt and interest.
pro Gaddafi propaganda
[details=Spoiler]is this true?
[media=youtube]aJURNC0e6Ek[/media][/details]
Lmao do u still believe in Santa too?
Stick to the Gadhaffi thread
So it is false or true? I don’t know what to believe right now man. Don’t make fun of me.
It’s not about believing it’s about knowing and understanding Believing is why we have idiots who think the president wasn’t born in America. Believing is why America attacked Iraq. Believing is why we bailed out every bank that immediately went back to fucking us in the mouth with a barbed wire dick.
Why not look up info on Libya rather than putting faith into a hastily made YouTube video?