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Author Topic: A proposal to solve the bailouts for free problem which most people can agree on  (Read 493 times)
BenRayfield
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March 22, 2013, 03:17:57 PM
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I propose that people interested in protecting their bank accounts and tax increases from Price Fixing of Bailouts, that the people of Earth unite on this issue, that Bailouts can only happen by negotiation between a Vote of The People and those being Bailed Out.

I also propose that The People accept nothing less than 2/3 ownership of every Bank that is Bailed Out by any of their money, and that if this is not a fair deal, the Banks do not have to accept it and can try to survive in the economy on their own.

Based on the global success of the Wall Street Protests and the recent Cyprus scandal of talking about, and/or actually doing?, taking money directly from bank accounts for a Bailout, and the large increase in Bitcoin's value that resulted, I expect the world is ready for such a movement, and that it could spread.

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BenRayfield
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March 27, 2013, 02:01:18 AM
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A little closer but still missing the most important part, a choice of the people to refuse which drives negotiations toward a fair deal.

http://www.bbc.co.uk/news/business-21936554
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Cyprus's finance minister earlier confirmed that depositors with more than 100,000 euros could see 40% of their funds converted into bank shares.

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March 29, 2013, 04:20:51 AM
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Or we could just let them fail, like any other legitimate business in a free market does when they fail to operate at a profit.
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March 29, 2013, 03:34:25 PM
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That's what happens if they don't offer The People enough to choose to bail them out. This thread is another way of saying to give them no extra privilege over any other business or person in a free market. To give them such a privilege is stealing by price fixing and requiring a sale.

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