The Growing Gap Between Rich And Poor : Tue Dec 06, 2011 10:09 pm  

A short video that explains (in my opinion at least) the prime cause for the growing gap between rich and poor. http://www.youtube.com/watch?v=hx16a72j__8

A short video that explains (in my opinion at least) the prime cause for the growing gap between rich and poor. http://www.youtube.com/watch?v=hx16a72j__8

Re: The Growing Gap Between Rich And Poor : Tue Dec 06, 2011 10:16 pm  

Well that's great. But how does it ever change? My Mum tells me stories about how in her day you had to join a waiting list to get a mortgage because there wasn't money created in the way the banks do now. She had to wait 4 years to get a mortgage she said.

I can see the point the protestors are making, but what are their proposed solutions to this?

Re: The Growing Gap Between Rich And Poor : Tue Dec 06, 2011 10:18 pm  

Another video perpetuating the myth that banks create money.

Re: The Growing Gap Between Rich And Poor : Tue Dec 06, 2011 10:22 pm  

SBR wrote:

Another video perpetuating the myth that banks create money.

When in fact they, and big business, just nick it from everyone of the rest of us.

Re: The Growing Gap Between Rich And Poor : Tue Dec 06, 2011 10:24 pm  

Why do people think they should borrow so much money? I was brought up with the idea that debt is a bad thing. The problem with debt is it needs to be repaid at some time.

Re: The Growing Gap Between Rich And Poor : Tue Dec 06, 2011 10:29 pm  

Mintball wrote:

When in fact they, and big business, just nick it from everyone of the rest of us.

Big Business and the banks are just bailiffs on a bigger scale. There’s a lot of everyday people that can’t pay off their debts to these banks and big Business. So ‘nicking’ money as you put it is the only way these institutions can get back what they’re owed. That's my understanding of it all anyhow..

Re: The Growing Gap Between Rich And Poor : Tue Dec 06, 2011 10:32 pm  

Mintball wrote:

When in fact they, and big business, just nick it from everyone of the rest of us.

Come on, grow up! Big businesses 'nick' money off you because you patronise them. If you don't like them take your customer elsewhere and they will become smaller businesses. The people who do nick money are the public sector pension grabbers.

Re: The Growing Gap Between Rich And Poor : Tue Dec 06, 2011 10:46 pm  

Damo-Leeds wrote:

Big Business and the banks are just bailiffs on a bigger scale. There’s a lot of everyday people that can’t pay off their debts to these banks and big Business. So ‘nicking’ money as you put it is the only way these institutions can get back what they’re owed. That's my understanding of it all anyhow..

I think there's a very simple answer to that, don't borrow money you can't afford and live within your means.

Re: The Growing Gap Between Rich And Poor : Tue Dec 06, 2011 10:49 pm  

Dally wrote:

Come on, grow up! Big businesses 'nick' money off you because you patronise them. If you don't like them take your customer elsewhere and they will become smaller businesses. The people who do nick money are the public sector pension grabbers.

Well indeed.

Banks like HSBO didn't use the money from ordinary people to gamble with, did they?

Re: The Growing Gap Between Rich And Poor : Tue Dec 06, 2011 10:50 pm  

so nobody should take out a mortgage in case they get made redundant or perhaps loose their job through ill health?

How many of you could buy a house in one cash payment thus having no mortgage to pay?