Watch what's happening in Madrid, Spain (May 12) #12M15M
- Thread starter Alecs
- Start date
As you may know last year started the "spanish revolution" algo called #15M (it started on May 15). One year after that we're on the streets again. I know today is may 12 but people around the world organized a global protest for today. It's happening in a lot of cities, not only in Spain.
London: http://rt.com/news/occupy-day-action-london-m12-108/
I have news from Greece, USA and a few European countries. #12MGlobal is trending topic in Spain and i think it was also worldwide.
London: http://rt.com/news/occupy-day-action-london-m12-108/
I have news from Greece, USA and a few European countries. #12MGlobal is trending topic in Spain and i think it was also worldwide.
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Ohh that'll be why my friend said everyone and their mother was out in london tonight. I still don't know what it's all about though, I'm so ignorant to news and current affairs.
http://rt.com/news/mass-protests-spain-madrid-118/
We're actually very ****ed in Spain. We have the highest unemployment rate in Europe, about 24%, more than Greece. The youth unemployment is about 50%. Meanwhile the goverment is giving money (thousand of millions lol) to the private bank, they also increase the taxes, the university taxes (between 50 and 100%).
http://www.bbc.co.uk/news/world-europe-18047618
We're actually very ****ed in Spain. We have the highest unemployment rate in Europe, about 24%, more than Greece. The youth unemployment is about 50%. Meanwhile the goverment is giving money (thousand of millions lol) to the private bank, they also increase the taxes, the university taxes (between 50 and 100%).
http://www.bbc.co.uk/news/world-europe-18047618
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I found this helpful when trying to understand what was going on
http://www.bbc.co.uk/news/business-15748696
I laughed when my German friend said to me: "We realized that we can't win a war against Europe so instead we'll control them economically".
Basically what's happening now, no-one wants to do what the Germans want!
http://www.bbc.co.uk/news/business-15748696
I laughed when my German friend said to me: "We realized that we can't win a war against Europe so instead we'll control them economically".
Basically what's happening now, no-one wants to do what the Germans want!
Well, we're not in the same situation as Greece but we're going on the same way. They will probably leave the euro, they already started to using the Dracma in a few cities. Spain is about 2 times bigger than Greece, in population and GDP. They're not a big problem for the Euro but Spain is. The IMF gave Greece more than 150 billions to avoid the bankrupt but it will be needed between 800 bill and 1 trillion to save Spain and no one has all this money. Then the euro would crash and the whole european union.
What is the new Spanish goverment trying to do? They're trying to decrease the public deficit by increasin the taxes to the normal people, not to the wealthiest; they're also cutting the spendings on education and public health.
Look at this pic:
Their school didn't have money to pay the heater.
In my city a hospital had no electricity for hours. How's that possible in a first world country?
In Barcelona a man died by a heart attack in front of the hospital because it was closed. You can get sick only on mornings, otherwise you die. Sounds like a joke but it isn't.
But the thing is nothing is working. The goverment income has decreased. Why? Because if they increase the taxes, the acquisitive power of the people decrease and they don't buy as much as they did before so less taxes are paid. Last year near 60.000 families been evicted from their houses and the goverment did nothing because they say there is no money. Well, they just gave about 15.000 millions to a bank this week.
And we also have the highest corruption rate in Europe. Spain is different, they say.
For evil to rise you need few good men to do nothing.
EDIT. Got more news.
Spain: http://www.bbc.co.uk/news/world-europe-18047618
London: http://www.guardian.co.uk/uk/2012/may/12/occupy-london-arrests-bank-of-england
Italy:
[video=youtube;PPbCcHLWt_g]https://www.youtube.com/watch?v=PPbCcHLWt_g[/video]
I like this pic: https://www.facebook.com/photo.php?...90528083.72494.260849520649974&type=3&theater
Barcelona:
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At end of the day, money, currency is just a phenomenon made by us. I know it's important, but the world leaders could easily just write everybody's debt off and start over considering we all "owe" money to each other. If we all didn't "owe" anything then we could reconstruct our societies. The solution to these problems isn't in raising taxes however it is to completely abolish income tax to those on a lower income: http://en.wikipedia.org/wiki/John_James_Cowperthwaite This man completely changed Hong Kong from having 1/3 of the wealth of the UK to now having triple that of us. It's just a dieing shame that government are too greedy to understand.
We said this when Britain joined EU, they lost two world wars and so have gone for the other route to control Europe.
I totally agree, the IMF can write off every countries debt with the click of a button. After all, money doesn't exist anyway, it's all IOU's. I don't think getting rid of income tax for low income family's though, as people will take the stance of getting lower paid jobs not to pay tax and so would be in a more vicious cycle than what we currently are.
Changes do need to be made towards tax, for example with fuel. We have a 72.5% Tax on fuel, cost of Diesel should be lower than petrol.
But it's not just with tax that things need to change, as there are many other things that are effecting our own economy and it's not all to do with tax. Being part of the EU is screwing up our economy, as we are having to provide bailouts for other country's debts under the EU treaty, hence why we refused the amendments not so long ago, as they where not beneficial to our country.
If things keep happening the way they are doing within Europe, I can't foresee the EU lasting another 10 years. If Greece pulls out, other country's will slowly follow. Especially if Greece then pull themselves together without the help of the EU and this is what is scaring Brussels the most....
http://www.bbc.co.uk/news/business-15748696
Also looking at the above on what country owes what country, it's clear to see that actually no one owes anyone. With the who owes who, these country's could easily say : UK to US - you owe us 834 billion Euros, but as we owe you 578 billions euros we will right off what you owe us against what we owe you.
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WTF^^^ ALL IOUs?? IMF CAN STOP IT AT THE CLICK OF A BUTTON!? HONG FKING KONG !?!?!?
Oh dear. You need to separate the issues. EUROPE is a collection of sovereign states - they will not and CANNOT write off their debt. The IMF can help, and they are helping, but they cannot write off sovereign debt.
Also it is COMPLETELY DIFFERENT TO HONG KONG! That geezer brought in the same straight up free market neo-liberal market ideology that has brought Europe - and the world - to its knees. The difference isn't in market IDEOLOGY its in both market strategy and where these countries have placed their assets. Hong Kong can afford to have lower taxes, because its owned by China again. (BBC Conveniently left out China from that little ring-o-stats posted above)
Greece is in the **** IMF have given them a fair amount already, also Eurozone announced the other day that they have the means to support Greece until the end of june, tiny in fact, €1BN or so reserve. Still seems hopeless. No-one in Europe implemented the austerity measures they were all raving about. I reckon Greece will leave Europe . Contingent liability is inevitable, especially as Eurozone have recognised Greece won't be able to pay back all the bailout money they were given, so Europe will decline, and those who have invested in Europe will decline (its already happening - look at JP Morgan).
Spain is looking similarly F'd. Correctly stated above that tax has been hiked and banks given more money.
So, whats the solution? BANKING REGULATION? No - look at Dodd Frank, passed in 2010. Didn't do squat. TAXING THE CORPORATIONS? Yes but how? People complain that the wealthy get taxed at lower rates, but its all relative. Use the new UK Income Tax Salary Calculator (its flipping cool incidentally) and you will see how much millionaires pay. Effectively 60-odd % of income+NI? Thats a lot of money, and a big contributor. How do these people earn money? By successful business. So you limit the big boys, and you're basically doubling your risk.
Theres no real solution. Power and greed will always win. Thats the way it is. We've dug the hole.
Market is volatile as ****. Best places to invest? BRIC, and SME's. Really shrewd people will invest in Water...but thats long long term.
Europe is OWARI ! First rule of MERKELS BAILOUT CLUB is there ARE NO BAILOUTS!!
oh and P.S mapadale, in response to your other thread where you are raving about Computer Misuse Act and Data Protection Act and getting Prai in **** for posting your pic - it won't work. You've misinterpreted them. Your best bet is to go for 'cyber-bullying' but that won't work either, seeing as theres a lot of evidence stating the contrary.
My sources for all this is being a lawyer who works in private equity and venture capital. Later !!
Oh dear. You need to separate the issues. EUROPE is a collection of sovereign states - they will not and CANNOT write off their debt. The IMF can help, and they are helping, but they cannot write off sovereign debt.
Also it is COMPLETELY DIFFERENT TO HONG KONG! That geezer brought in the same straight up free market neo-liberal market ideology that has brought Europe - and the world - to its knees. The difference isn't in market IDEOLOGY its in both market strategy and where these countries have placed their assets. Hong Kong can afford to have lower taxes, because its owned by China again. (BBC Conveniently left out China from that little ring-o-stats posted above)
Greece is in the **** IMF have given them a fair amount already, also Eurozone announced the other day that they have the means to support Greece until the end of june, tiny in fact, €1BN or so reserve. Still seems hopeless. No-one in Europe implemented the austerity measures they were all raving about. I reckon Greece will leave Europe . Contingent liability is inevitable, especially as Eurozone have recognised Greece won't be able to pay back all the bailout money they were given, so Europe will decline, and those who have invested in Europe will decline (its already happening - look at JP Morgan).
Spain is looking similarly F'd. Correctly stated above that tax has been hiked and banks given more money.
So, whats the solution? BANKING REGULATION? No - look at Dodd Frank, passed in 2010. Didn't do squat. TAXING THE CORPORATIONS? Yes but how? People complain that the wealthy get taxed at lower rates, but its all relative. Use the new UK Income Tax Salary Calculator (its flipping cool incidentally) and you will see how much millionaires pay. Effectively 60-odd % of income+NI? Thats a lot of money, and a big contributor. How do these people earn money? By successful business. So you limit the big boys, and you're basically doubling your risk.
Theres no real solution. Power and greed will always win. Thats the way it is. We've dug the hole.
Market is volatile as ****. Best places to invest? BRIC, and SME's. Really shrewd people will invest in Water...but thats long long term.
Europe is OWARI ! First rule of MERKELS BAILOUT CLUB is there ARE NO BAILOUTS!!
oh and P.S mapadale, in response to your other thread where you are raving about Computer Misuse Act and Data Protection Act and getting Prai in **** for posting your pic - it won't work. You've misinterpreted them. Your best bet is to go for 'cyber-bullying' but that won't work either, seeing as theres a lot of evidence stating the contrary.
My sources for all this is being a lawyer who works in private equity and venture capital. Later !!
The problem is not the debt. We don't have enough money in the world to pay the global debt and probably we never will.
This is a consumption crysis. If A don't buy anithing from B, then B won't have money to buy anithing from C, and C won't have money to buy anything from D, etc. The result is a collapsed economy with a lot of unemployment.
The ECB can't give money to the goverments, only to the private banks. They've tried to stimulate the economy by giving money to the banks at 1% of interests hoping they will lend it to people so they can reactivate the economy. But the banks didn't. They're buying public debt at 4 or 5% of interests and then they're reveice more money from the ECB. They money never sees the real world, just make bankers richer and increase the public debt.
I hope the new French president can change a few things. He said he want to change this, so the BCE can lend cheap money to the countries, not to the private banks.
This is probably the Merkel's last year as German president. I really hate that bitch and her austerity. She has no rights to take decisions about others countries. She's been elected in Germany, not in Spain, not in Greece and not in any other country. There is no real democracy in this ****.
Anyway, if the base of the eurozone doesn't change we're going right to the cataclysm.
This is a consumption crysis. If A don't buy anithing from B, then B won't have money to buy anithing from C, and C won't have money to buy anything from D, etc. The result is a collapsed economy with a lot of unemployment.
The ECB can't give money to the goverments, only to the private banks. They've tried to stimulate the economy by giving money to the banks at 1% of interests hoping they will lend it to people so they can reactivate the economy. But the banks didn't. They're buying public debt at 4 or 5% of interests and then they're reveice more money from the ECB. They money never sees the real world, just make bankers richer and increase the public debt.
I hope the new French president can change a few things. He said he want to change this, so the BCE can lend cheap money to the countries, not to the private banks.
This is probably the Merkel's last year as German president. I really hate that bitch and her austerity. She has no rights to take decisions about others countries. She's been elected in Germany, not in Spain, not in Greece and not in any other country. There is no real democracy in this ****.
Anyway, if the base of the eurozone doesn't change we're going right to the cataclysm.