British Banks Bailed Out Again

[voynich]

As if once wasn't enough the Government is going to bail out British Banks to the tune of over £30 billion pounds. They tried to slip it under the rader by talking about breaking up the three biggest banks and selling part of them off.

http://www.dailymail.co.uk/news/article-1224579/Fire-sale-state-banks-cost-taxpayer-billions.html

Darling was talking about selling them off to make money for the tax payer but if that is the case why bail them out with billions and only get back pennies on the pound.

Makes you wonder if behind the scenes instead of making a profit the banks were going bust again. Didn't they give them permission last year to hide that part of their accounts which showed the losses they were making.

On Sky news it said that the Government after this bailout will have bailed the banks out to the tune of £65 billion.

No green shoots then.

[wakeup2nwo]

this really pisses me off :mad: but maybe that's what they want....

[voynich]

Last year this was a major story all over the press, now many of the major newspapers are tucking this away on the financial pages and downplaying it, even though they are lending the banks just as much money.

The IMF will have a field day the UK is now broke and the country has no money for anything as we have given it all to the banks.

[dolores1]

The only green shoots are the ones in the hands of the bankers and their obedient servants; the politicians.

The word politician should have a different meaning now, but I can't think of any words foul enough.

[rollotomaz1]

The downturn has taken a larger chunk out of their pre-tax profits because nobody is saving anything because they haven't got it to save.

Now we are going to see taxes raised again to pay this latest hand out off, if we don't let them have the use of our money by drawing your wages cheque out as soon as it clears, this will make them give us better returns on our money, it our bloody money not theirs.

Don't let them use our money against us, take it out of the bank, cut up the credit card and work in cash only, this will also stop the system from going fully electronic, bollocks to the banks and use only cash.

[jiffy]

this really pisses me off :mad: but maybe that's what they want....

No they know that average Joe isn't like you. They will just switch on Eastenders and go back to sleep;)

[wakeup2nwo]

The downturn has taken a larger chunk out of their pre-tax profits because nobody is saving anything because they haven't got it to save.

Now we are going to see taxes raised again to pay this latest hand out off, if we don't let them have the use of our money by drawing your wages cheque out as soon as it clears, this will make them give us better returns on our money, it our bloody money not theirs.

Don't let them use our money against us, take it out of the bank, cut up the credit card and work in cash only, this will also stop the system from going fully electronic, bollocks to the banks and use only cash.

thats what i say, if only people would default on there credit cards we could bring the banks crashing down, credit cards are unsecured so the can do nothing but threaten you to get there money back... they we never get it..

[moonflower]

We should go back to getting paid weekly, and getting the money in our hands. That takes the banks right out the equation.

M

[jiffy]

The best part is they Re privatize the profitable part and keep the shit Nationalized.

And before any of the plonkers dare say the Tories will be better, I suggest you look at Good old Bilderberg George's Idea of limiting Cash bonus to be replaced with share bonus.
Yeah great Idea pay in cash 50% tax next year, pay in shares cash in a capital gains and pay 18% Tax.....fucking genius......still the brain dead will keep eating there Doritos and watching crap on TV.

Sorry had a bad day dealing with the brain dead:mad::mad:

[rollotomaz1]

thats what i say, if only people would default on there credit cards we could bring the banks crashing down, credit cards are unsecured so the can do nothing but threaten you to get there money back... they we never get it..

Spot on 2nwo, we have the power in our wallets, we can control them instead of the other way around, they would have to open more independant banks instead of closing them because of the credit cards and electronis ystems that aided the closing in the first place, it would make ,many people take more care of what wealth they have, whip your money pout tomorrow and watch them squirm for mercy.

Power to us.

[wakeup2nwo]

i think its going to take people losing everything to wake the fuck up to why they have fuck all... if we bring the banks down witch are our main enemy we will have nothing and it will bring us back to ourselves instead of our belongings we have or desire, im ready to dare to struggle... something worth fighting for has to be something worth dieing for imo!

[jiffy]

thats what i say, if only people would default on there credit cards we could bring the banks crashing down, credit cards are unsecured so the can do nothing but threaten you to get there money back... they we never get it..

Shame but that isn't true anymore, yet more proof the Courts are all part of the game.
Unsecured debt CAN now be "charged" against your house. Not forcing you to sell, but when you do (no matter how long or if you die) they get their money back.

The same as the OFT ruling stating that if the Lender couldn't produce the original sighed credit agreement and that the form complied to the Law, then the loan was unenforceable .
A glorious Judge has now ruled that while the lender can not actually seize goods (unless you let them in), they are free to pursue the debtor, which really means they are free to harass you into submission.

Like the Judge that ruled that rent arrears can no longer be on your bankruptcy!!!!

I could go on:eek:

[wakeup2nwo]

Shame but that isn't true anymore, yet more proof the Courts are all part of the game.
Unsecured debt CAN now be "charged" against your house. Not forcing you to sell, but when you do (no matter how long or if you die) they get their money back.

The same as the OFT ruling stating that if the Lender couldn't produce the original sighed credit agreement and that the form complied to the Law, then the loan was unenforceable .
A glorious Judge has now ruled that while the lender can not actually seize goods (unless you let them in), they are free to pursue the debtor, which really means they are free to harass you into submission.

Like the Judge that ruled that rent arrears can no longer be on your bankruptcy!!!!

I could go on:eek:

you forget that if the banks go down, you will still owe them the outstanding balance of the mortgage and will be expected to pay it in one lump sum... so your not going to have a house you own unless you have the cash.. as i say, im ready to dare to struggle....

[rollotomaz1]

you forget that if the banks go down, you will still owe them the outstanding balance of the mortgage and will be expected to pay it in one lump sum... so your not going to have a house you own unless you have the cash.. as i say, im ready to dare to struggle....

We have been doing this for many years now, everything is in cash only and bollocks to the banks, if you rent then they cannot get at your back, if you leave the debt longer than 3 months it automatically goes out to tender or bailifs,

if you are short of cash and unable to pay they have to work out a deal or they are at default, if you loose your home you then have no fixed abode and they loose you for good, the last thing they want is to put you out on the street,

They cannot take any tools of your trade, to get at those they have to make you insolvent, then they lose the beter part of the control, our human rights laws are what you need to fall back upon they get really worried once you involve this route.

To make things harder for them buy food and tools which you can sell off later
and work only up to the PAYE limits and no further, you might have nothing but they get nothing.

Barter, skip and swap that buggers them up big style, they cannot take what you don't have, stick to your gun and you will win.

Keep your cash don't put it into the banks, without the cash they have no control.

[wakeup2nwo]

We have been doing this for many years now, everything is in cash only and bollocks to the banks, if you rent then they cannot get at your back, if you leave the debt longer than 3 months it automatically goes out to tender or bailifs,

if you are short of cash and unable to pay they have to work out a deal or they are at default, if you loose your home you then have no fixed abode and they loose you for good, the last thing they want is to put you out on the street,

They cannot take any tools of your trade, to get at those they have to make you insolvent, then they lose the beter part of the control, our human rights laws are what you need to fall back upon they get really worried once you involve this route.

To make things harder for them buy food and tools which you can sell off later
and work only up to the PAYE limits and no further, you might have nothing but they get nothing.

Barter, skip and swap that buggers them up big style, they cannot take what you don't have, stick to your gun and you will win.

Keep your cash don't put it into the banks, without the cash they have no control.

thats right mate, great post!

[rollotomaz1]

thats right mate, great post!

Your are right on the button 2nwo,

What we see today is the lower classes right a the very bottom of the ladder and in a corner not of their making, now we see the middle classes being taken apart so we no longer have a common, base or popular classification only and bass, popular decree, and this is where the government have to be careful, because we already have the BNP whO would never have been possible 10 years ago, I DON'T LIKE THE WORD LIBERAL, THAT'S AN FBI SAYING AND NEVER TO BE TRUSTED.

We are in exactly the same position as France were before the 1760's revoloution, I recon we are in the 11th hour in all fronts and only just stating to beome aware of what is happening, an old freind of mine used to dissmiss these kinds of scenarios now he is telling me what is going on and that really comes home to what we have talked about so many times in the past,

The woodchip on the walls have already been artexed and smooth plastered over, but the cracks are already showing theirselves again, so they have covered over those with paper money and now there is nowhere else to run or hide,
if the new government don't get the economy back up and running by the end of next year the experts are saying its going to be a long haul, and possibly another 3-4 years before we see a proper unbisased return,

the last depression in the 30's took 15 years to come around, if this is the case the goverment will waste three times what they have in the coffers, trying to claw back the remaining balance and we will go into freefall again quicker than ou can say JFR, its very close I can feel it in my old bones.

All I can say is I'm getting ready for it, we have just converted over to bottled gas which will last us 18 months, and we now buy everything in bulk raw materials so we can at least cook and eat for several months, anyone else doing the same, Hey it might never come to a crash but I wouldn't bank on it, PUN INTENDED :D

[stargategazer]

As if once wasn't enough the Government is going to bail out British Banks to the tune of over £30 billion pounds. They tried to slip it under the rader by talking about breaking up the three biggest banks and selling part of them off.

http://www.dailymail.co.uk/news/article-1224579/Fire-sale-state-banks-cost-taxpayer-billions.html

Darling was talking about selling them off to make money for the tax payer but if that is the case why bail them out with billions and only get back pennies on the pound.

Makes you wonder if behind the scenes instead of making a profit the banks were going bust again. Didn't they give them permission last year to hide that part of their accounts which showed the losses they were making.

On Sky news it said that the Government after this bailout will have bailed the banks out to the tune of £65 billion.

No green shoots then.

This is all a massive con.....and how many jobs will go ? Disgrace.

[wakeup2nwo]

Your are right on the button 2nwo,

What we see today is the lower classes right a the very bottom of the ladder and in a corner not of their making, now we see the middle classes being taken apart so we no longer have a common, base or popular classification only and bass, popular decree, and this is where the government have to be careful, because we already have the BNP whO would never have been possible 10 years ago, I DON'T LIKE THE WORD LIBERAL, THAT'S AN FBI SAYING AND NEVER TO BE TRUSTED.

We are in exactly the same position as France were before the 1760's revoloution, I recon we are in the 11th hour in all fronts and only just stating to beome aware of what is happening, an old freind of mine used to dissmiss these kinds of scenarios now he is telling me what is going on and that really comes home to what we have talked about so many times in the past,

The woodchip on the walls have already been artexed and smooth plastered over, but the cracks are already showing theirselves again, so they have covered over those with paper money and now there is nowhere else to run or hide,
if the new government don't get the economy back up and running by the end of next year the experts are saying its going to be a long haul, and possibly another 3-4 years before we see a proper unbisased return,

the last depression in the 30's took 15 years to come around, if this is the case the goverment will waste three times what they have in the coffers, trying to claw back the remaining balance and we will go into freefall again quicker than ou can say JFR, its very close I can feel it in my old bones.

All I can say is I'm getting ready for it, we have just converted over to bottled gas which will last us 18 months, and we now buy everything in bulk raw materials so we can at least cook and eat for several months, anyone else doing the same, Hey it might never come to a crash but I wouldn't bank on it, PUN INTENDED :D

Good on you for going off the grid.. ive been preparing for around 7 months and have brought loads of bulk food and dried food that should last a good 6 months, generators, and survival gear ect.. i even brought a static caravan for when i have to move out of my mortgaged house and its in my mothers back garden lol and her house is fully owned, ive always been self employed as a builder so find it no problem working for cash (when we had an economy) and when its back thats all ill do, and if i have to ill work for food or fuel and stay off the grid for ever!

theres no doubt in my mind that the shit will hit the fan!

i forgot to mention that i used my credit cards to prepare for all of this lol, so i guess i got some money back im owed by the robbing basterds :D

[wildhorse]

taking all the money out the banks and going self employed and claiming Lawful Rebellion as to not pay taxes.

cash cash cash, and weekly at that

living hand to mouth will be the order of the day but it will hurt them fat fuckers more than it will hurt us

I would say try get used to living on as little as poss...I know most prob are already due to the fucking high price of everything

[wildhorse]

We have been doing this for many years now, everything is in cash only and bollocks to the banks, if you rent then they cannot get at your back, if you leave the debt longer than 3 months it automatically goes out to tender or bailifs,

if you are short of cash and unable to pay they have to work out a deal or they are at default, if you loose your home you then have no fixed abode and they loose you for good, the last thing they want is to put you out on the street,

They cannot take any tools of your trade, to get at those they have to make you insolvent, then they lose the beter part of the control, our human rights laws are what you need to fall back upon they get really worried once you involve this route.

To make things harder for them buy food and tools which you can sell off later
and work only up to the PAYE limits and no further, you might have nothing but they get nothing.

Barter, skip and swap that buggers them up big style, they cannot take what you don't have, stick to your gun and you will win.

Keep your cash don't put it into the banks, without the cash they have no control.

great post!! :D

[wakeup2nwo]

i guess this fits well in this thread :mad:

RBS axes 3,700 jobs as taxpayer stake hits 84%

A Royal Bank of Scotland (RBS) branch in central London

A Royal Bank of Scotland (RBS) branch in central London. Photograph: Shaun Curry/AFP/Getty Images

Royal Bank of Scotland stunned unions today by announcing another 3,700 job cuts as it prepared to reveal details of a major restructuring which will see the taxpayers' stake in it increase to 84%.

As RBS, currently 70% owned by the public, admitted it was cutting 14% of its work force in a desperate attempt to slash costs, the chancellor, Alistair Darling, was preparing to explain why he needed to put billions more into the banking system.

Unions described the latest job cuts – on top of 16,000 previously announced – as "absolute madness". Unite national officer Rob MacGregor said: "This move to reduce front line clerical branch staff by up to a third is short-sighted in the extreme. High street banks are busier then ever as customers increasingly seek a trusted friendly local service. The union is angry that this majority taxpayer-owned bank has totally misjudged the public's appetite for a return to traditional banking."

The job cuts are one of the first initiatives of the US banker Brian Hartzer, hired from Australia with a promise of £2.2m shares to buy him out of previous pay deals. He described the cuts in branches as "deeply regrettable" but "necessary".

The bank's 25,000 branch staff were stunned on the eve of a series announcements expected tomorrowthat will outline the next steps for RBS and Lloyds Banking Group, currently 43% owned by the taxpayer. The government was tonight finalising agreements with both banks over the asset protection scheme, the toxic insurance plan it unveiled in January. Lloyds is now expected to remain outside the APS by launching the biggest cash call ever to take place in the City.

But RBS is expected to admit it cannot survive without the government insurance plan, which will require the taxpayer to pour in another £25bn, with a further £7bn available as contingency.

The government will also buy an extra £6bn shares in Lloyds Banking Group to keep the taxpayer stake at 43% but will get £2.5bn back as a fee for the insurance it has received in the past few months.

Shares in both banks fell today, ensuring the taxpayer was already sitting on multibillion-pound losses on its original stakes. RBS was particularly hit after it admitted the EU was demanding a greater restructuring of its business, in return for the state aid, than it had first envisaged.

While this might force chief executive Stephen Hester to rewrite his business plan for the troubled bank, it allows the government to suggest new competition will appear on the high street. RBS will be forced to sell off 312 branches while Lloyds will have to sell parts of its branch network. Alongside a reinvigorated Northern Rock, the chancellor believes this will mean three new bank networks will be created in the next four years – the time scale outlined by Brussels. Sir Richard Branson's Virgin Money is believed to be interested and considering teaming up with Bank of America to raise the finance for a bid.

http://www.guardian.co.uk/business/2009/nov/02/rbs-slash-costs-cuts-jobs

[voynich]

Just seen on the news that they plan to get rid of 3700 jobs in the RBS. So that looks like another 3700 addition to the dole. Why not just stop paying bonus and cut the wages at the top of these banks and they could afford to keep all those people lower down in the bank hierarchy. I bet they probably work harder than those at the top.

Also what on earth are our MP's doing they should be in an uproar about giving all this extra money to the banks.

[rollotomaz1]

Good on you for going off the grid.. ive been preparing for around 7 months and have brought loads of bulk food and dried food that should last a good 6 months, generators, and survival gear ect.. i even brought a static caravan for when i have to move out of my mortgaged house and its in my mothers back garden lol and her house is fully owned, ive always been self employed as a builder so find it no problem working for cash (when we had an economy) and when its back thats all ill do, and if i have to ill work for food or fuel and stay off the grid for ever!

theres no doubt in my mind that the shit will hit the fan!

i forgot to mention that i used my credit cards to prepare for all of this lol, so i guess i got some money back im owed by the robbing basterds :D

There is one thing for certain, if we continue down our present path the smelly stuff is going to fly sooner than later, if we can get skilled at several different trades like building, woodwork, textiles, all the passtimes that we would need to survive and someone takes things off us, we have the capability to make them again.

Money is not the route to getting the things or tools of the trade, having those capabilities is the key factor, those who start now and prepare for any unaventuality will have a much better chance to help themselves and the abilty to help others to help themselves, the pen pushers of this world will not survive with clerical skills alone and will be looking to steal anothers gain, instead of working his or her own fortune, the poem by Rudyard kipling, The White Mans burden says it all, saying that,-----

http://www.wsu.edu:8080/~wldciv/world_civ_reader/world_civ_reader_2/kipling.html

------Making someone work for nothing and giving others something for doing nothing always ends in tears, let us not be their clowns but freinds who share and care for the whole.

The people with the spanners in their hands and the trades and knowledge inside their heads are the ones who will survive the hardships coming our way.


For the last 10 years or so, we have been learning in earnest, we sought out the people to teach us to make all our own footware and clothing from the raw materials without electricity using age old skills from old masters, there are still a few old guys and galls out there with this knowledge, we need to find and learn from them before they are gone, if we loose our grip on reality and head towards the lazy modern ways we will make it much harder for the ones we leave behind who then won't have that knowledge, let father follow son and so on if they want to.

I like modern things don't get me wrong, and incorporate them with the more traditional, we try to make the best of both and do the best with what we have to hand, no body is going to do it for you.

Food = farmer, clothing = craftsperson and the single biggest and most important thing we need is builder = shelter, have all those and you have a much more comfortable existance.

What we as a family used to do on a nice summers day was to go out for walks and sit for a while quiet and simply watch nature at work, after the fifth or sixth time you will soon notice that nature does things and works with everything around her, she never uses high temps to make what she needs its all done at room temprature, this will help those looking for another direction, one that their current one seems so hard to break free from, but you can if you take from your mind the distractions of consumerism.

Try to forget religion totally, that cannot feed you or your family and is definately not food for the mind, we make our own syche, all we can do is do the best while we are here, no point worrying about where your going afterwards, that part is out of our control, which we are all headed towards every day, we might as well make it a happy one,( but on your own terms ) no bugger elses.

What makes me laugh is those who use sayings like, it won't effect me, it won't matter because, This is the single biggest denial and destructive belief which rules the outcome of everything and everyone around them (family included), and a denial which will harm the longevity of those people, if we are going to use this thought as reality then we might as well be lemming like.

At the end of the day, its down to us to make things happen, we must put our own shoulders upon our own wheels and PUSH.

[rollotomaz1]

This is all a massive con.....and how many jobs will go ? Disgrace.

Oh its another massive con allright, the bankers bonuses are frozen for three years but what they don't tell you is after the three years they can claim back for the full amount, thus they haven't stopped it at all.

Those jobs are going in order of the bonuses being paid at a later date, why else would they get rid of people and wages, the two follow each other, this time there is a bit of a delay, they know exactly what they are doing stealing from the poor and giving it back to the sherif.

[stargategazer]

There is one thing for certain, if we continue down our present path the smelly stuff is going to fly sooner than later, if we can get skilled at several different trades like building, woodwork, textiles, all the passtimes that we would need to survive and someone takes things off us, we have the capability to make them again.

Money is not the route to getting the things or tools of the trade, having those capabilities is the key factor, those who start now and prepare for any unaventuality will have a much better chance to help themselves and the abilty to help others to help themselves, the pen pushers of this world will not survive with clerical skills alone and will be looking to steal anothers gain, instead of working his or her own fortune, the poem by Rudyard kipling, The White Mans burden says it all, saying that,-----

http://www.wsu.edu:8080/~wldciv/world_civ_reader/world_civ_reader_2/kipling.html

------Making someone work for nothing and giving others something for doing nothing always ends in tears, let us not be their clowns but freinds who share and care for the whole.

The people with the spanners in their hands and the trades and knowledge inside their heads are the ones who will survive the hardships coming our way.


For the last 10 years or so, we have been learning in earnest, we sought out the people to teach us to make all our own footware and clothing from the raw materials without electricity using age old skills from old masters, there are still a few old guys and galls out there with this knowledge, we need to find and learn from them before they are gone, if we loose our grip on reality and head towards the lazy modern ways we will make it much harder for the ones we leave behind who then won't have that knowledge, let father follow son and so on if they want to.

I like modern things don't get me wrong, and incorporate them with the more traditional, we try to make the best of both and do the best with what we have to hand, no body is going to do it for you.

Food = farmer, clothing = craftsperson and the single biggest and most important thing we need is builder = shelter, have all those and you have a much more comfortable existance.

What we as a family used to do on a nice summers day was to go out for walks and sit for a while quiet and simply watch nature at work, after the fifth or sixth time you will soon notice that nature does things and works with everything around her, she never uses high temps to make what she needs its all done at room temprature, this will help those looking for another direction, one that their current one seems so hard to break free from, but you can if you take from your mind the distractions of consumerism.

Try to forget religion totally, that cannot feed you or your family and is definately not food for the mind, we make our own syche, all we can do is do the best while we are here, no point worrying about where your going afterwards, that part is out of our control, which we are all headed towards every day, we might as well make it a happy one,( but on your own terms ) no bugger elses.

What makes me laugh is those who use sayings like, it won't effect me, it won't matter because, This is the single biggest denial and destructive belief which rules the outcome of everything and everyone around them (family included), and a denial which will harm the longevity of those people, if we are going to use this thought as reality then we might as well be lemming like.

At the end of the day, its down to us to make things happen, we must put our own shoulders upon our own wheels and PUSH.

Couldn't agree more !

[rhydra]

The banks have been doing everything right, far from making a mess of the economy, what have they done? They have created a situation where everything is devalued and people are desperate, businesses and home-owners are losing their assets, property and workplaces, someone has rich pickings, who? Those who prepared for the downturn, those who worked over a period of years to create the sub prime economy and those who started the ball rolling with Northern Rock and Lehman.

They giot it right, that is why they r are now being rewarded with taxpayers money, that is why taxpayer's money is being used for bonuses.

The banks and the governments they control are now in a position where they have a pick of the property, they are not letting people off the hook, businesses get into trouble because they destroyed the economy, what do they do? Increase charges, make them pay more, "already in trouble with your business loan? Okay, here are some more charges, don't worry, we'll make sure the bailiffs are nice and gentle."

The banking industry is the enemy within, they are no less lethal than any of the enemies we have faced over the last few hundred years, yet, because they have so much influence over the economy, people's lives, they are probably the most dangerous enemy we have ever had.