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Billion Euro House In Dublin In Pictures


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#1 interestrateripoff

interestrateripoff

    Carry on banking.....

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Posted 08 April 2012 - 06:39 PM

http://www.guardian....dublin-pictures

Billion Euro House, an art installation and living space in Dublin's Smithfield district, has been decorated with 1.4bn decommissioned banknotes. Interior walls are built from blocks of the money, and shredded notes cover the walls, floors, tables, chairs and even the toilet bowl. The artist Frank Buckley was given the notes by Ireland's central bank and he has opened his home as a museum


Looks like a paper mache mess.

Proof that Brown had repeated IMF / OECD / BIS warnings over house prices and did nothing!!!
Looting: The Economic Underworld Of Bankruptcy For Profit
The exponential growth of debt and the unsustainability of debt
The logic of HPI @ 10% YoY means your £100k house would be worth £1.38bn in 100 years
Paying down my mortgage with money found on the street

It's time to sue the Bank of England / Federal Reserve for GROSS NEGLIGENCE
If DEBT is the problem REPAYMENT is the solution or you default

 

"The trouble with the world was that prices were so low that only the rich people could buy and the aim of the Conference was to raise them to a point where it would again be possible for poor people to buy something."

"Northern unemployment is an acceptable price to pay for curbing southern inflation" Eddie George former Governor of the Bank of England

New digest on the credit crisis and economy Part2 Part 3

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#2 OnlyMe

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Posted 08 April 2012 - 07:43 PM

http://www.guardian....dublin-pictures



Looks like a paper mache mess.


Much like their economy.

Maybe a very aposite art installation with real meaning.
"Asians make things and sell them to Americans, who borrow money from their suppliers (on the inflated value of their houses) in order to continue living beyond their means. Asians take their profits and either relend them to Americans...or use them to buy more productive capacity, in America and elsewhere.

For those who wonder where this trend will lead, we offer a guess: The average American will be left with a shoeshine kit and instructions on how to say 'please' and 'thank you' in Chinese...."

Bill Bonner.

Socialists want socialism for everyone else, but capitalism for themselves, while capitalists want capitalism for everyone else, but socialism for themselves.
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