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ok im probably not the first to suggest this.....but im looking at bill gates on tv, im looking at u2, paul mccartney, pink floyd etc etc etc.....
and im not being ignorant or controversial.......but this lot together with eveyone else on the bill accross the world have enough money to buy the world three times over.......so if their that concerned why dont they pay the debts?!?!?!?!?!?!............
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02-07-2005 16:32 |
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Rude 
I'm gonna get you
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I don't know... what are you saying anyway
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02-07-2005 16:55 |
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Greyone
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because they're sick in there head and poisond by the money.
Fuckin' richy bitches.
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02-07-2005 18:21 |
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| quote: |
Originally posted by Rude
I don't know... what are you saying anyway |
sorry....er.what am i saying....im saying what it says 
why dont they pay off the third world debts between them?!?!?!? even if they dont pay it all between them they could pay a huge chunk.
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02-07-2005 21:33 |
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cynik
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04-07-2005 14:50 |
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KoFFiE
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I'm not a Bill Gates fan (absolutely not) - but sorry, he made that money himself. He worked for it, he used his brains. Ok - not always fair how he did it, but he made the money himself in a legal way. Like it or not, it's his, and he can do with it what he wants.
That said, rich ppl like that already donate an enormous amount of money to charity. Bill i.e. donates millions of $$$ every year to various charity funds, and has founded a few organisations himself. He's not the only-one btw, so stop judging ppl if you don't do any research.
Just search for use google, then you'll find things like this:
http://seattlepi.nwsource.com/national/182972_gates21.html which says:
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| Bill and Melinda Gates yesterday announced that all of an estimated $3 billion of the stock dividend that would have gone to the Microsoft chairman will instead be donated to their non-profit foundation in support of its efforts in global health, education and equity. |
http://www3.sympatico.ca/truegrowth/gates1.html
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This post has been edited 1 time(s), it was last edited by KoFFiE: 04-07-2005 15:23.
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04-07-2005 15:21 |
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cynik
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yeah, yeah, but does it really change anything? why are you so sure that money goes to the people who need it most?
don't believe the internet so much IMO
the world could be balanced in a matter of days.. but there wouldn't be ultra-rich people around anymore and they don't want THAT to change
just think about it.. all a matter of balance really
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04-07-2005 15:38 |
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gls
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If you look into Fractional-reserve banking you'll find out why most of the world lives in poverty while a few people own everything. Basically banks print money out of fresh air and then charge you interest on it, that's why they can afford to "drop the debt" because the money never existed in the first place. Not in a real sense anyway, it's simply numbers on a computer screen.
http://www.google.com/search?ie=UTF-8&oe...serve%20banking
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04-07-2005 16:05 |
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cynik
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points there, but banks don't print money - they are but a tool also...
the old way was: money printed by a state must be equivalent to it's gold reserve, now there is the International Monetary Fund which dictates the figure and makes it easier to tweak out the values...
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04-07-2005 16:11 |
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tetsuo
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so you didn't like my "french" idea? I think that's a good one, but it's politics!!
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04-07-2005 16:15 |
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cynik
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04-07-2005 16:20 |
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gls
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| quote: |
Originally posted by cynik
points there, but banks don't print money - they are but a tool also... |
It didnt take you long to look into it.
http://en.wikipedia.org/wiki/Bank_of_England
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Bank of England
The Bank of England is the central bank of the United Kingdom, sometimes known as "The Old Lady of Threadneedle Street" or "The Old Lady".
Functions of the bank
It performs all the recognized functions of a central bank -- to maintain price stability, and subject to that, to support the economic policy of Her Majesty's Government (Bank of England Act 199
in order to promote economic growth. It has a monopoly on the issue of banknotes in England and Wales (see Sterling); it is both the Government's banker and the bankers' bank; a "Lender of Last Resort"; it manages the country's foreign exchange and gold reserves; it used to be responsible for the regulation and supervision of the banking industry (see Johnson Matthey, BCCI, and Barings), although this responsibility was transferred to the Financial Services Authority in June 1998. Since 1997 the Monetary Policy Committee has had the responsibility for setting the official interest rate. Scottish and Northern Irish banks retain the right to issue their own banknotes, but they must be backed one to one with deposits in the Bank of England, excepting a few million pounds representing the value of notes they had in circulation in 1845. It maintains the Government's Consolidated Fund account. Computershare took over as the registrar for UK Government bonds (known as gilts) from the Bank at the end of 2004.
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The bank of England prints money for all the banks and even our government has to go to it for money.
Anyway I'm simplifying this but for every £1000 a bank has it can lend out £10,000 which means it's printing the money out of fresh air. If everyone went to the bank and got all their money out none of them would be able to pay up and they'd all be bankrupt. It's basically fraud and if we did it we'd go do prison but because banks do it and it's only the general public that gets ripped of it's ok.
Like I said look into the banking and arms industries and see where all the money goes to and you'll find out why the worlds like it is.
I'd also suggest looking up Hegelian dialectics as well. 
This post has been edited 4 time(s), it was last edited by gls: 04-07-2005 16:39.
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04-07-2005 16:25 |
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cynik
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didnt even look 
but I know in general what it means - figures on a screen just as you said...
sayin you withdraw more than you deposited does not generate inflation though - lone printing of money does.
inflation is: once the cash -real cash which is in the hands of people and not in the bank- overflows that reserve, inflation is the percentage of one being higher than the other. it never goes other way around tho
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04-07-2005 16:37 |
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Emblem-X
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| quote: |
Originally posted by MUNKI C
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Originally posted by Rude
I don't know... what are you saying anyway |
sorry....er.what am i saying....im saying what it says
why dont they pay off the third world debts between them?!?!?!? even if they dont pay it all between them they could pay a huge chunk. |
Idd. the whole live 8 deal looked kinda hypocryt imo if you keep that in mind..
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04-07-2005 16:56 |
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tetsuo
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| quote: |
Originally posted by cynik
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Originally posted by tetsuo
so you didn't like my "french" idea? I think that's a good one, but it's politics!!
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lmao, no no, the idea is great.. |
I think he's gonna push it on the next live 8 meeting in scotland.... We probably gonna hear of this soon.....
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04-07-2005 17:11 |
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KoFFiE
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I think it's hypocritical to say that those "rich" ppl like the ones presenting live8 should pay for it. You know, the big capital isn't visible.
Did you know that 70% of the privately owned money in Belgium is owned by 9% of the population? Where is that? Who has that money? Good luck finding it...
And it's like this in most countries, the richest ppl aren't the ones you see on television, that are only the ppl that made their money by being famous (music/moviestars etc), or are self-made m/billionaires in a very visible market, like MS. Who owns the oil industry in the US? Most of the times it are families that want to keep a low-profile, so they can influence politics etc without anyone noticing it. That's where the big money is.
Also most debts of the 3rd world are debts with other governments. After the colonies were liberated and got independant, they needed things from the western world, and got loans from other countries and the IMF. They had little or no experience in running a country, educational levels were extremely low, they wanted to do things their way, and most of them screwed up pritty bad. They lend money from the countries that had made enourmous profits out of those colonies, which isn't exactly fair, but well - that's how it works. Also - once the country actually made money, usually under a dictator (Mobutu i.e.) it went to him and his family instead of to the country, but when they don't invest in the country, it goes wrong and they can't compete with the rest of the world.
It sounds maybe strange, but it was a bad move to make all those colonies independant in the 50's and 60's, simply because those "countries" weren't ready. The population was actually a bunch of tribes who weren't exactly friendly towards each-other, which was demonstrated by the countless civil wars, and in the end led to the massive hutu vs. tutsi genocide.
Only very few native ppl had had a decent education at the time of the liberation, and those who had were - again - the rich-ones. The problem was they all thought - "once free we do it our way", which didn't work, cause they had no clue how the rest of the world worked. The major problem are the African countries, the ones in the far-east are actually doing pritty well (India etc), but these countries already understood the concept of a "country" and "borders" before the colonies were started there, which made a huge difference afterwards. Those countries are right now making it extremely hard for the western companies to be competitive.
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04-07-2005 17:40 |
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Halph-Price
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there is a problem with trade for the 3rd world countries, that cannot be fixed with money.
they get taxed for certin products, like coffee grinds, where coffee beans they don't. so they have to export raw material, instead of the finished products, so lose employment and money because of that.
there is an issue with that, and not many relise it. this si the purpose of live 8
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05-07-2005 00:16 |
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