Occupy Bay street | Page 11 | GTAMotorcycle.com

Occupy Bay street

lucky2 said:
Can you explain the european debt crisis
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Yes. Lazy countries with early retirement and silly pensions mooching off productive countries who's people have to actually save to retire. And a collapsed housing market in many countries as well as currency manipulation in some smaller countries like Iceland. And I have been to these countries in the last 18 months and saw and heard it first hand. Best line ever was my taxi driver in santorini saying " what ,they expect me to work until I'm 55???"
 
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mma01 said:
My thoughts exactly.
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I agree. I was at the first protest against our current gun laws created by Bill C-68. ~13,000 people were in Ottawa that day. It was well organized and peaceful. Did it accomplish anything? Probably, it most likely slowed down more restrictive laws being enacted. It probably educated the public that the laws were aimed at the wrong people. Paul martin lost a federal election campaigning on a promise to ban handguns.

So yeah I support these protesters, but if they are trying to bring attention to corporate greed and corruption then they need someone to play the main stream media and get a clear message out. The problem is the MSM is part of the problem.
 
sonnythebull said:
Yes. Lazy countries with early retirement and silly pensions mooching off productive countries who's people have to actually save to retire. And a collapsed housing market in many countries as well as currency manipulation in some smaller countries like Iceland. And I have been to these countries in the last 18 months and saw and heard it first hand. Best line ever was my taxi driver in santorini saying " what ,they expect me to work until I'm 55???"
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Don't forget that the Greeks don't like paying taxes. There's nothing wrong with retiring early if you have the cash unfortunately with the highway robbery most banks get away with you're unlikely to do that much with your investments here.
 
jc100 said:
unfortunately with the highway robbery most banks get away with you're unlikely to do that much with your investments here.
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Can you elaborate more on the highway robbery that the banks are committing with respect to retirement investments?
 
mma01 said:
Can you elaborate more on the highway robbery that the banks are committing with respect to retirement investments?
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I'm referring to the whole industry built up around syphoning off your hard earned cash in the way of fees/admin costs/ridiculously low rates of interest etc that is supposed to help you retire. I'm not proposing that banks do this stuff for free, but if there was more transparancy and regulation about the whole process I think some people would be much better off when they retire. I was earning paltry rates of interest on my investment portfolio until I got some advice that opened my eyes a little. Unfortunately not everyone has access or can afford to get this type of advice.
 
jc100 said:
I'm referring to the whole industry built up around syphoning off your hard earned cash in the way of fees/admin costs/ridiculously low rates of interest etc that is supposed to help you retire. I'm not proposing that banks do this stuff for free, but if there was more transparancy and regulation about the whole process I think some people would be much better off when they retire. I was earning paltry rates of interest on my investment portfolio until I got some advice that opened my eyes a little. Unfortunately not everyone has access or can afford to get this type of advice.
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Lets separate some of the issues you are raised here. Some of these fees are under the banks control, such as administrative, commission or management fees charged on funds the banks offer. There are plenty of low MER offerings (TD e-series mutual funds) and account options with zero fees if you look.

By "paltry rates of interest", are you referring to the interest you are earning on fixed income type products? First, if you dont have retirement looming in the next 5 years or so, you shouldnt be relying on fixed income to meet you retirement needs to begin with. Second, this is not something under the bank's control - how can you blame them for this?
 
jc100 said:
Don't forget that the Greeks don't like paying taxes. There's nothing wrong with retiring early if you have the cash unfortunately with the highway robbery most banks get away with you're unlikely to do that much with your investments here.
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they sure dont like to pay taxes. but they love to mooch
 
I'm trying to imagine how someone would get 30+ days of vacation in a row to do something like this.

Anyone know how?

Is it all the retired boomers?
 
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Baggsy said:
I'm trying to imagine how someone would get 30+ days of vacation in a row to do something like this. Anyone know how?
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I have 4 weeks off now because of all the OT to make deadlines on my last project. I sure as hell am not going to waste that time sitting on BayStreet (unless its in a nice bar).

I would imagine most of the people are occasional, part time or unemployed hence why they are protesting that the bankers just got richer after causing the crash that cost a lot of people their steady employment and way of life. I can understand the frustration but we weren't hit that hard here and have a much more regulated system so I don't understand how anyone could have the same level of rage as they would on Wall Street.
 
Did anyone learn here learn budgeting or banking or the like in school? I know I didn't and I also know that learning real life skills would have been much more useful than earning 5 credits of English. How is it that in my HS I had to get five English credits, but only two math? Doesn't make much sense.

I finally sat down with my wife and created a budget. We are WAY more screwed than either of us realized. We are now on the right track though.

Anyone who thinks things are great the way they are now need to wake up. Life as we know it is not sustainable. You sit there and say that the protesters did it to themselves by buying too much crap. But buying that crap made jobs. If no one buys that crap, there are no jobs to produce it (whether directly manufacturing or designing or whatever). Everyone here sits around watching the GTA grow while all those houses being built are on PRIME agricultural land. When all that land is used, where is the food going to come from?

Craps gotta change.

I may not be down there, but I support them all 100%.
 
imnothng said:
Did anyone learn here learn budgeting or banking or the like in school? I know I didn't and I also know that learning real life skills would have been much more useful than earning 5 credits of English. How is it that in my HS I had to get five English credits, but only two math? Doesn't make much sense.

I finally sat down with my wife and created a budget. We are WAY more screwed than either of us realized. We are now on the right track though.

Anyone who thinks things are great the way they are now need to wake up. Life as we know it is not sustainable. You sit there and say that the protesters did it to themselves by buying too much crap. But buying that crap made jobs. If no one buys that crap, there are no jobs to produce it (whether directly manufacturing or designing or whatever). Everyone here sits around watching the GTA grow while all those houses being built are on PRIME agricultural land. When all that land is used, where is the food going to come from?

Craps gotta change.

I may not be down there, but I support them all 100%.
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+1. The ones griping against the protesters aren't really looking at the bigger picture I think. There isn't that much interest in a capitalist society of the kind that we have to enable people to become rich simply by hard work alone. That's not in the interest of the filthy rich who depend on relatively cheap labour and a pool of people to buy their products. We might not have really bad unemployment but we have a terrible case of UNDERemployment for many people leaving college and university and no, I'm not talking about people with media studies degrees or psych degrees. I mean people with solid science degrees etc. We live in a country where innovation and technological development are way below the international average because of a lack of investment. We will be overtaken by many developing countries soon if we're not careful. The status quo will lead us to become an international laughing stock. Many things need to change, I'm not sure if this protest might be the start of that change but at least some people are doing something.
 
imnothng said:
Did anyone learn here learn budgeting or banking or the like in school? I know I didn't and I also know that learning real life skills would have been much more useful than earning 5 credits of English. How is it that in my HS I had to get five English credits, but only two math? Doesn't make much sense.
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It does. You can get by (majority do) by not being that good in a math, but it's hard to do if your english, the official language, sucks. But I guess, it could be relative to some people ...

Two credits from math should be enough to prevent bankruptcy of your household and keep the boat afloat ... :)

It's simple, you cannot spend more than you take in. Left side (the income side) must equal or be higher than the right side ....
 
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