Effective Student Uprising In Montreal

‘The poor must not pay for the mistakes of the rich’

Elections in so-called “democratic states” give us the illusion of choice while maintaining a status quo that sees the rich get richer and the poor scrambling to redefine their definitions of “rock bottom”.
In fact, the United States of America couldn’t be farther from being “the land of milk and honey” as it once proclaimed itself to be; its promise of wealth and stability, the oft-referenced yet seldom seen “American dream”, is undeniably buried in the realm of wishful thinking — for the majority of people, that is.

The good news is, that majority can no longer afford (quite literally) to stay complacent in the face of rampant financial exploitation by a ruling minority that knows no bounds to its powerlust. In his recent article, “Economic Austerity in America: The Portland Community Begins to Fight Austerity“, Shamus Cooke provides insight on how citizens are standing up to the hypocrisy and manipulations of America’s corporate elite:

“Those who caused the recession — Wall Street, the big banks and corporations — must be made to pay for it. The broader population can achieve this goal only if it is united and acts collectively. In Portland the first step was taken in this direction at this recent community meeting, where working people saw each others’ struggles as their own, understood the necessity of united action by the vast majority towards a common goal, and were inspired by the prospects of working together.”
And despite the mainstream media’s ongoing attempts to stifle news about the massive student protests that have been exploding in Montreal, Canada in recent months, the sheer scale of the actions and the determination of the protesters is only gaining momentum. As Richard Fidler wrote:
“The students have not been defeated… They have ignited a major debate in Quebec society, challenging neoliberal prerogatives and opening the prospect of “another Quebec” in which access to education will be a basic social need, available to all irrespective of income, and not a commodity for which access and content is a function of big business exigencies.” (See “Defiant Quebec Students Reject Shabby Government Offer“)
Cutbacks in education are not going to solve the budget crisis, and what corporate media conveniently avoid mentioning is the reality that the bulk of government funds are being shoved indiscriminately into defense spending. The US/NATO war agenda has been guzzling up financial and human resources at unprecedented rates.

Down but Not Defeated: Why the Truth Must be Told

Global Research, May 10, 2012


Defiant Quebec Students Reject Shabby Government Offer

By Richard Fidler
Global Research, May 9, 2012
Socialist Project – 2012-05-08

Quebec college and university students are now in the 13th week of their militant province-wide strike while voting by overwhelming majorities to reject a government offer that met none of their key demands. After a 22-hour bargaining session involving ministers of the Charest government, university and college heads, and leaders of the major trade-union centrals, the student leaders agreed on May 6 to put the offer to a vote of their respective membership without recommending acceptance. If the offer (the French-language text is here) were accepted:
The 75 per cent hike in tuition fees (now spread over seven years, but indexed) would remain, albeit with slightly liberalized access to scholarships and loans, and provision for repayment of loans geared to future income.
A provisional committee would examine university budgets and propose possible cuts. Each dollar cut would go to reducing incidental fees not related directly to tuition (admission, registration, sports services, technology, etc.).
The committee would include four students, but also fourteen other members: 6 university rectors, 4 trade union representatives as well as 2 representatives of business, 1 from the ministry of education, and a chair with a tie-breaking vote – the latter four all designated by the minister of education.
The committee would table its recommendations by December although if necessary its mandate could be extended by one more year. It might then be replaced by a permanent committee appointed by law, its composition undetermined at this point.
Pending the provisional committee’s conclusions, the students’ incidental fees would be deferred. However, these fees would apply retroactively to the students in any amount the committee is unable to cut from current expenses.
There is no assurance that the proposed committee would agree on budget cuts sufficient to reduce or eliminate the hike in tuition fees. Furthermore, the committee would be composed largely of members with a vested interest in opposing cuts in expenditures, especially in research and funding of pro-business courses.
From Julia‘s Daily Ramble –

By consent...


from the blurb on The Leopard by Jo Nesbo, part of an explosion of crime novels coming out of Scandinavia.

I like this quote because it seems to match the general theme of things today. Countries and individuals are on the list to be destroyed, killed. And we are collectively allowing it to continue. It will continue if we allow it, and will stop if we want it to stop. The majority still agree with it, or turn a blind eye.

TAP – A poster I saw on Facebook.  When you witness Police brutalizing and maiming demonstrators, it makes you think guns are a necessity.  The school shootings that drive the anti-gun movement are all set ups by the government, with drug fed mind control victims ordered into action – as was Breivik in Norway.  
The gunman at Dunblane was a friend of several Labour Cabinet Ministers.  He was procuring children for pedophile sex on their behalf.  Blair issued a D Notice to silence the fact.  Governments are not to be trusted.  Yet as Julia says, the majority sit in silence.  All credit to Montreal’s students.  They used video and the power of the internet to stop the worst of the Police brutality.  There’s a message to be had there.
The Tap Blog is a collective of like-minded researchers and writers who’ve joined forces to distribute information and voice opinions avoided by the world’s media.

5 Responses to “Effective Student Uprising In Montreal”

  1. Anonymous says:

    Hi Tap, This is the question I would like to ask, how can Banks make a loss, when they make money out of thin air.
    The fractional reserve system cannot possibly lose money because it’s created out of a key stroke on a computer.
    The only way it can lose is because of fraud.
    So if fraud is the cause, how come there are not hundreds of bankers in prison.
    The money did not vanish after it was created, so where is it now.
    What are our elected politicians doing to find out where it is.

  2. Anonymous says:

    Hi – Its not as straight forward as that .Some commentators like to try to make it out that all banks have an easy ride – by I think there are different types of banks , who operate and function differently from each other – perhaps there is a food chain .

    My understanding is to liken some of the banks behaviour to our own as if we were gambling with borrowed money – IE when we are winning – we win big – but when we lose , we really are in trouble. This is the power of leverage , but the dangers are also obvious.

    One way a bank could get into trouble would be to borrow say £1m from BOE at say zero percent ( lets face it we are never allowed to know who borrows what under which conditions ) .

    With that £1m , they then lend out £20m , under FRL rules – but remember their books must still balance at COB each night – so if they have lent out £20m , they must have loans on their books worth £20m .

    This £20m is lent against assets valued at the time to be £22m – Say 20 houses valued at £1.1m each – and as long as they are able to collect their interest on the £20m – all is well in the world . The business model even allows for the odd default – and as long as the asset can be sold to cover the o/s loan – there are no real losses to speak of. They are paying zero interest on their original £1m loan and collecting interest on £20m !

    The problem comes when a few things happen at the same time:

    1. The loans default – they are unable to collect their interest
    2. The asset value drops – They are unable to recoup their capital, when the loan defaults.

    So , just say 5 of the house loans default and they have to be sold on the open market for just £500k each – now the bank has just lost £2.5m. It can no longer balance its books because it now has 15 x 1m loans plus £2.5m in cash – ie only 17.5m – but it needs to have £20m to balance its books – so it needs to borrow money – then its problems start – because it has to use its ‘ vast ‘ profits to make up the losses . You can see how it can go wrong for them too – if they are caught in the wrong circumstance – that said life isnt too bad if you can fill your books with toxic debts then off load them all at 100% value to a sucker tax payer … At that point , you get all the profit and none of the losses …

    This is only my basic understanding – I have no experience in the field , so please anyone – please point out where I am wrong ..


  3. Anonymous says:

    Hi tap, its me again the fylingdales man- lets see what happens this time.

    My reply though is to “Sean”, I reckon he’s a banker in disguise !.

    Firstly if you borrow money from the Bank of England you are borrowing money from a bank. This Bank has nothing to do with England it is a private Bank.

    As for all the other waffle about percentages and 4 out of 5 or what ever is just waffle!!!.

    There is only something like £50 to £60 billion in circulation in this country. This money is supposed to be based on gold. It say’s on a bank note “I promise to pay the bearer on demand”, this relates to the note only being an IOU. Money is only an illusion and is supposed to be linked to gold. But even that is questionable as every gold bar is said to be owned by 20 different people, because of debt the banks have created.

    Gordan Brown caused this problem when he changed the rules on all the investment plans proposed by the banks. He even sold off our gold at a rediculously low price, someday we will find out why??? and to whom???.

    Finnaly, take a look at Iceland. The BBC are not allowed to report about it. But they were supposedly bankrupt. They arrested all their bankers and closed the banks. They have even canceled all the morgage arrears and took the people out of debt. Today they are on the up and out of debt.



  4. Anonymous says:

    Hi Tap, Let me expand on my information of 7.58 anon.
    If we do a visual inspection of The Country of The City of London.
    We can see it is full of Banks of every description. They are very large buildings, and expensive to build, furnish,maintain and run.
    As far as I am aware they pay no taxes, and employees pay no taxes, so I have been told.
    If they use the same fractional reserve system, they must be doing something businesslike, and not paying taxes will be a bonus for them.
    Yet anon of 10.36 seems to make out it is the Homeowner who sells his house who is the fraudster.

  5. Anonymous says:

    Guys , I think I am being misunderstood .

    John – you refer to BOE as a private bank – where you can borrow money – My understanding was that only other private banks borrowed from the BOE – IE it wasnt a regular high street bank.
    I appreciate your other points – especially about Iceland – Can you expand on this please ? Have they really went through a program of mortgage forgiveness for private house holders ?

    6.42pm ..you say City of London Banks pay no tax – Can you provide further detail please ? I was not aware of this . Also – How can the Homeowner who sells his house be a fraudster ?

    Appreciate any inputs – and sorry no , I’m not a banker – just trying to make sense of it all – which is obviously difficult when it is never explained in the first place .


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