Showing posts with label Bailout. Show all posts
Showing posts with label Bailout. Show all posts

Tuesday, 7 April 2009

The Bailout Refund Project

Bank cuts rates, starts QE - total bail out hits £1.27 trillion*

So how much is everyone in the country contributing towards this? Personally I would have liked to spend the money somewhere other than, er, the Bank.....

UK Population = 60 975 000

So; £1.27 Trillion / 60,975,000 = £20828.20p

£20,828.20p per UK Citizen to 'help' the banks.

I really haven't felt that I've gotten value for my money so far, in fact...........

I want my bailout money back! ....... Anyone check the receipts?

Instead of giving our money to the already dying banking system in various bizarre and inventive ways, they could have given £20,828.20p to every living citizen in the UK...

It's not gonna solve everyone's problems, but surely better than throwing our money into the abyss of the banking system?

* Edit from 11:11:09

Just found this link to update you on how the mainstream media have taken this story and run with it (5months after the above blog), seems in that time the numbers have racked up a bit:

New calculations by the BBC, based on IMF data given to G20 finance ministers, shows these countries have spent a total of $10 trillion (£6tn).

The UK and US spent the most, with the UK spending far more, 94% of its GDP compared to 25% in the US.

That equates to £30,000 per person in the UK and $10,000 in the US.

To emphasise once again that i'd much prefer to spend my taxpayers pound somewhere other than the bank......It is a strange game the Government are playing, has anyone explained the rules to them?




Thursday, 9 October 2008

$700billion Bailout for Who?

A Picture is worth a thousand words:


A quote from Einstein to help set the tone:

"We cannot solve our problems with the same thinking we used when we created them".


So what is going on in this bailout deal? America is really struggling with debt and so they are trying to inject $700billion dollars more debt into the American system.

What do you mean inject debt- that's money, I hear you cry.......

Please watch this Animated piece that describes why money=debt



So now you see how this bailout plan is equivalent to adding a few more pebbles to the pockets of those who are already drowning in the torrid waters of debt.

Not only that but it seems that most of this money will not go to Americans at all:



This all sounds really negative, but let me suggest that perhaps it is the utter crassness, and unbelievably transparency of these kinds of plans that will actually instigate the very change that we are looking for. More and more people are waking up to the corruption of these areas, here's Ron Paul talking sense in Congress as a prime example of the changing face of politics.




Now if your in congress, you can't un-hear this kind of speech. Even if it does not make sense to them now, at one point, hopefully when it really matters, their own ethics will prevent them from making choices that would impair the growth of humanity.

There's only a handful of corrupt people that are pulling the strings of many marionettes. However, the puppets are starting to figure out the game, and are taking scissors to the strings.....