IRELAND BALE OUT

[JohnGalway 1,043]

 

My eyes! The Goggles, they do nothing!

 

 

One tiny glimmer of positivity has been the Green Parties ineptitude in their attempted political stroke yesterday. They've gone and destroyed them selves as any type of national political force. But, instead of salvaging any morality out of the situation, at a critical time they've gone and destabilized this lame duck Govt. So now FF openly don't want Cowan, their back benchers are making noise about not supporting the budget, two independents have pretty much already pulled out, flat cap & the gambler. The Greens look like idiots and the opposition are left to possibly support the budget of a failed and horribly unpopular Govt. in, those immortal words, "the national interest".

 

God knows what the IMF make of it.

Edited November 23, 2010 by JohnGalway

[Strong Stuff 2,171]

about right , ONLY 7 BILLION i hear

ireland for sale on ebay

 

You'd think they'd at least all be on to say thank you to Her Britannic Majesty and her Government for their hand outs ..............

 

They have with there blood in two world wars ,building our roads canals and infrastructure ..oh yeh nearly forgot they buy more of our scant few exports than Russia India Brazil combined.. Not to the mention the little part in helping the settlement in the North.

Plus we will make a profit in the long it aint a handout if u pay back with intrest

 

 

I know all that

 

I did post to say I wasn't being serious about saying thank you.

[PeakOil 352]

The Irish political and financial elites shall reap what they sow

 

 

Nope, all these guy will keep their money and write off any losses their companies made against Taxes.

 

 

The bail out is so the British banks can get back the £167 billion they gave as credit during the property bubble.

Put down 7 to get 167 back, isn't bad business.

 

RBS walked out of ireland with a mortgage book of £30 billion, that is some harvest for a few years work, so yes Ireland will payback any bail out, but there are already some HUGE bills to be paid and PROFITS to be made

The ECB extended half it's credit funds to Irish banks (so they could lend more) to inflate a property bubble , even though it's less than 1% of the European population.

 

The only way to get your money back from a pyramid scheme , is to get more money in.

 

They all jump in on a property bubble, they got to keep the economy just healthy enough to profit from the Debt incurred.

 

Yes they will reap what they have sown, because the political and financial elites have designed the system that way. To protect themselves and their chums / old boys network at the vast expense of the working and retired population in Ireland, Greece, Portugal, Italy, Spain, the UK and pretty much every other country in the world.

 

These people know exactly what the consequences of strangling sovereignty and losing control of currency and interest rates could bring. Added to that governments, businesses and individuals being encouraged to live way beyond their means and inflating huge asset bubbles on the way. It is almost as if such a situation has been deliberately engineered by the few to profit from the many in order to ride the asset and debt bubbles and make a quick buck on the way up. Then quickly and quietly cash in those gains and wait to buy assets from distressed governments, businesses and individuals for pennies in the pound.

 

A bit of reading on the Irish problem if anyone is interested.

 

http://www.ucd.ie/geary/static/publications/workingpapers/gearywp200950.pdf

 

http://ftalphaville.ft.com/blog/2010/11/22/412316/britains-problem/

Edited November 23, 2010 by PeakOil

[Attack Fell Terrier 864]

Yes they will reap what they have sown, because the political and financial elites have designed the system that way. To protect themselves and their chums / old boys network at the vast expense of the working and retired population in Ireland, Greece, Portugal, Italy, Spain, the UK and pretty much every other country in the world.

 

These people know exactly what the consequences of strangling sovereignty and losing control of currency and interest rates could bring. Added to that governments, businesses and individuals being encouraged to live way beyond their means and inflating huge asset bubbles on the way. It is almost as if such a situation has been deliberately engineered by the few to profit from the many in order to ride the asset and debt bubbles and make a quick buck on the way up. Then quickly and quietly cash in those gains and wait to buy assets from distressed governments, businesses and individuals for pennies in the pound.

 

It makes you sick doesn't it.

 

What can we all do about it though? I say F*ck it -

 

http://www.youtube.com/watch?v=pOpz_3O5Lho