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The Elite Are Preparing To Sell The Country Down The River

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"Default" is rumoured and people act on rumours:

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8044368/Ireland-should-honour-its-debts-says-Irish-business-federation-chief-Danny-McCoy.html

Ireland should honour its debts, says Irish business federation chief Danny McCoy

Ireland's business federation has joined foreign creditors in warning that a default by Dublin on the junior debt of Anglo Irish Bank and other lenders guaranteed during the crisis would be a breach of faith.

And Ireland is probably in better shape than the other PIIGs so why the spotlight on them?

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After a while, I wondered why she hadn't asked me anything about the Government, or the prospect of an election or what new political constellation might emerge here. She joked and in an exaggerated German accent laughed: "David, it doesn't matter who your next prime minister is, he will have no power -- we own you now, and he will do what we tell him."

The EU will set Irelands budgets, tax rates, expenditure, etc. Very sad.

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http://www.independent.ie/opinion/analysis/elite-is-preparing-to-sell-country-down-the-river-2366359.html

David McWilliams on the desperate state of ROI

Thanks to R+R for the link

Good article, David McWilliams is always worth a read, thanks for the link.

I didn't realise Roman Abramovich had interests in Irish Banks :unsure::blink:

How many other Oligarchs are rogue creditors?

"After a while, I wondered why she hadn't asked me anything about the Government, or the prospect of an election or what new political constellation might emerge here. She joked and in an exaggerated German accent laughed: "David, it doesn't matter who your next prime minister is, he will have no power -- we own you now, and he will do what we tell him."

The problem is that the joke is on us. She touched on the nub of the issue: the Irish elite is prepared to sell the sovereignty of this country to protect the likes of Roman Abramovich and other vulture investors who bought up third-rate Irish banking debt at a discount and are hoping to get paid in full.

In the world of debt, these people are referred to as 'rogue creditors'. Typically, they are treated as rogues. They are nothing to us and should be treated as nothing. As the clever economist Karl Whelan observed, if we are happy that our tax is used to pay Frank Lampard's wages, then that's more of a reflection on us.

People such as Abramovich, like the other creditors, can be told to line up in an orderly queue and wait for the liquidator to give them the morsels that might remain from the broken Irish banking system. The crud Abramovich owns -- an IOU from Irish Nationwide Building Society (INBS) -- is not the same thing as Irish government debt.

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"Default" is rumoured and people act on rumours:

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8044368/Ireland-should-honour-its-debts-says-Irish-business-federation-chief-Danny-McCoy.html

Ireland should honour its debts, says Irish business federation chief Danny McCoy

Ireland's business federation has joined foreign creditors in warning that a default by Dublin on the junior debt of Anglo Irish Bank and other lenders guaranteed during the crisis would be a breach of faith.

And Ireland is probably in better shape than the other PIIGs so why the spotlight on them?

http://www.independent.ie/opinion/analysis/trouble-in-paradise-as-value-of-that-second-home-in-the-sun-dries-up-2142486.html

I disagree that Ireland is in better shape than the other PIIGS.

I would argue that Ireland is in worse shape than the others. Because banking system bust, govt bust, Irish population basically bust. Read the above link, 50% of all Irish mortgages in Ireland are in negative equity, then you need to add in the overseas properties that RoboPaddy bought that are in nefative equity or mortgage arrears. Basically everything is bust in Ireland. At least Greece and Portugal only have the problem of their respective Govt's spending too much.

Edited by ralphmalph

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http://www.independent.ie/opinion/analysis/trouble-in-paradise-as-value-of-that-second-home-in-the-sun-dries-up-2142486.html

I disagree that Ireland is in better shape than the other PIIGS.

I would argue that Ireland is in worse shape than the others. Because banking system bust, govt bust, Irish population basically bust. Read the above link, 50% of all Irish mortgages in Ireland are in negative equity, then you need to add in the overseas properties that RoboPaddy bought that are in nefative equity or mortgage arrears. Basically everything is bust in Ireland. At least Greece and Portugal only have the problem of their respective Govt's spending too much.

I would agree, none of the other PIIGs had quite the blow out party that Ireland had. They went from simple country folk to a country of leased X5 driving debt-jockeys in little over a decade. Italy and Greece have been living with big debts for generations and have some coping mechanisms, plus being poor is so much easier to deal with when the sun is shining.

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Good article, David McWilliams is always worth a read, thanks for the link.

"After a while, I wondered why she hadn't asked me anything about the Government, or the prospect of an election or what new political constellation might emerge here. She joked and in an exaggerated German accent laughed: "David, it doesn't matter who your next prime minister is, he will have no power -- we own you now, and he will do what we tell him."

The problem is that the joke is on us. She touched on the nub of the issue: the Irish elite is prepared to sell the sovereignty of this country to protect the likes of Roman Abramovich and other vulture investors who bought up third-rate Irish banking debt at a discount and are hoping to get paid in full.

I didn't understand these 2 paragraphs. In the first, the Fraulein seems to be suggesting that the Germans are in charge; in the second it all seems to be about the rogue creditors. Unless the Germans are also rogue creditors (in which case, why not say so?),

Peter.

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After a while, I wondered why she hadn't asked me anything about the Government, or the prospect of an election or what new political constellation might emerge here. She joked and in an exaggerated German accent laughed: "David, it doesn't matter who your next prime minister is, he will have no power -- we own you now, and he will do what we tell him."

Hmmm. I wonder what happended to the last country that thought it owned the Irish people.

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Top Nazis Planned EU-Style Fourth Reich

Influential economists and industrialists were ordered to preserve Nazi power by creating European common market, documents show

Paul Joseph Watson

Prison Planet.com

Monday, May 11, 2009

'A writer who was collecting material for a fictional book based around the premise that top Nazis, seeking to preserve their power at the end of the second world war, conspired to create a Fourth Reich under the auspices of the European Union, actually discovered documents proving the plot to be true.

In a Daily Mail piece, Adam Lebor reveals how he uncovered US Military Intelligence report EW-Pa 128, also known as The Red House Report, which details how top Nazis secretly met at the Maison Rouge Hotel in Strasbourg on August 10, 1944 and, knowing Germany was on the brink of military defeat, conspired to create a Fourth Reich – a pan-European economic empire based around a European common market.

Top Nazi industrialists were ordered by SS Obergruppenfuhrer Dr Scheid to set up front companies abroad and pose as democrats in order to achieve economic penetration and lay the foundations for the re-emergence of the Nazi party.

“The Third Reich was defeated militarily, but powerful Nazi-era bankers, industrialists and civil servants, reborn as democrats, soon prospered in the new West Germany. There they worked for a new cause: European economic and political integration,” writes Lebor.

Wealthy Nazi industrialists like Alfried Krupp of Krupp Industries and Friedrich Flick, as well as front companies like BMW, Siemens and Volkswagen, set about the task of building a new pan-European business empire. According to historian Dr Michael Pinto-Duschinsky, an adviser to Jewish former slave labourers, “For many leading industrial figures close to the Nazi regime, Europe became a cover for pursuing German national interests after the defeat of Hitler….The continuity of the economy of Germany and the economies of post-war Europe is striking. Some of the leading figures in the Nazi economy became leading builders of the European Union.”

Banking titan Hermann Abs, who joined board of Deutsche Bank during the rise of Nazis, also sat on the supervisory board of I.G. Farben, the company that made the Zyklon B gas used to kill concentration camp victims. “Abs was put in charge of allocating Marshall Aid – reconstruction funds – to German industry. By 1948 he was effectively managing Germany’s economic recovery,” writes Lebor.

“Crucially, Abs was also a member of the European League for Economic Co-operation, an elite intellectual pressure group set up in 1946. The league was dedicated to the establishment of a common market, the precursor of the European Union.”

The European League for Economic Co-operation developed policies for European integration that almost mirrored those proposed by Nazis just years previously.

In his book “Europe’s Full Circle,” Rodney Atkinson provides a list of policies proposed by Nazis and their similarity to today’s European Union.

Europaische Wirtshaftsgemeinschaft

European Economic Community

European Currency System

European Exchange Rate Mechanism

Europabank (Berlin)

European Central Bank (Frankfurt)

European Regional Principle

Committee of the Regions

Common Labour Policy

Social Chapter

Economic and Trading Agreements

Single Market

“Is it possible that the Fourth Reich those Nazi industrialists foresaw has, in some part at least, come to pass?” asks Lebor.

“These three typewritten pages are a reminder that today’s drive towards a European federal state is inexorably tangled up with the plans of the SS and German industrialists for a Fourth Reich – an economic rather than military imperium.”

As we have highlighted in the past, Nazism and the EU have some very disturbing parallels. Indeed, the two are fundamentally intertwined and the origins of the EU can be traced directly back to the Nazis.

The foundations for the EU and ultimately the Euro single currency were laid by the secretive Bilderberg Group in the mid-1950’s. Bilderberg’s owned leaked documents prove that the agenda to create a European common market and a single currency were formulated by Bilderberg in 1955. One of the group’s principle founders was H. Prince Bernhard of the Netherlands, a former Nazi SS officer.

But the ideological framework for the European Union goes back even further, to the 1940’s when top Nazi economists and academics outlined the plan for a single European economic community, an agenda that was duly followed after the end of the second world war.

In his 1940 book The European Community, Nazi Economics Minister and war criminal Walther Funk wrote about the need to create a “Central European Union” and “European Economic Area” and for fixed exchange rates, stating “No nation in Europe can achieve on its own the highest level of economic freedom which is compatible with all social requirements…The formation of very large economic areas follows a natural law of development….interstate agreements in Europe will control [economic forces generally]…There must be a readiness to subordinate one’s own interests in certain cases to those of [the EC].”

Funk’s co-authors echoed his sentiments. Nazi academic Heinrich Hunke wrote, “Classic national economy..is dead…community of fate which is the European economy…fate and extent of European co-operation depends on a new unity economic plan”.

Fellow Nazi Gustav Koenig observed, “We have a real European Community task before us…I am convinced that this Community effort will last beyond the end of the war.”

In 1940, Minister of Propaganda Joseph Goebbels ordered the creation of the “large-scale economic unification of Europe,” believing that “in fifty years’ time [people would] no longer think in terms of countries.” Just 53 years later, the European Union in its current form was established.

Other top Nazis who called for the creation of a pan-European federal economic superstate include Ribbentrop, Quisling and Seyss-Inquart, who spoke of “The new Europe of solidarity and co-operation among all its people… will find…rapidly increasing prosperity once national economic boundaries are removed.”

Such rhetoric would not look out of place at a present day Bilderberg, Trilateral Commission or CFR confab.

The Nazis killed people who spoke out against the Third Reich, whereas the EU has implemented an altogether more efficient solution – simply kill their free speech instead.

A Dutch MP was recently refused entry to Britain because his political opinions were deemed offensive under EU laws. Euro MP’s have consistently attempted to ban the “dangerous and unregulated blogosphere” in an attempt to shut down free speech on the Internet. Under the 1999 ruling of the European Court Of Justice (case 274/99), it is illegal to criticize the EU and the EU is on a mission to outlaw any national political parties that do not pander to the European federal superstate agenda.

Most of the individuals who hold the reigns of power in the European Union are not Nazis, indeed, they probably believe themselves to be fair-minded liberals working for the “greater good”. However, the European Union by its very nature is totalitarian, because it seeks to remove power from national governments accountable to their electorate and centralize it into the hands of supra-national entities that are accountable to nobody but themselves. It also seeks to remove the right of free speech for anyone in a position of influence who criticizes this agenda.

The fact that the EU was a brainchild of top Nazi economists and industrialists, formulated as a means of preserving dictatorial power and then implemented by a former Nazi working under the auspices of the Bilderberg Group in 1955, proves that the entire European Union system is poisoned with a legacy and a raison d’être of totalitarianism.

This is becoming increasingly obvious in the 21st century as popular social movements across Europe rise up to oppose the blatant power grab being undertaken by the EU via the Lisbon Treaty, which will again be put before Irish voters later this year despite them already rejecting it in a national referendum, which prevented the treaty from being enforced.'

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So, when do we get the funky uniforms and cool typefaces? :rolleyes:

I can't believe that people are still taken in by the tripe that Prison Planet put out.

What like when Prison Planet 10 years ago said gold was a good buy

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So, when do we get the funky uniforms and cool typefaces? :rolleyes:

I can't believe that people are still taken in by the tripe that Prison Planet put out.

Making a ridiculous and over the top histronic opposition really is very clever move.

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Making a ridiculous and over the top histronic opposition really is very clever move.

It's just infomation, I think its pretty clear the EU is undemocratic. Wether it was started by nazi, who knows, but I like keeping an open mind.

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What like when Prison Planet 10 years ago said gold was a good buy

No, like when they started all the crap about the FEMA camps:

http://www.popularmechanics.com/technology/military/news/4312850

According to the law of averages, sooner or later they will actually stumble on a genuine conspiracy. It could be 50 years away though.

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No, like when they started all the crap about the FEMA camps:

http://www.popularmechanics.com/technology/military/news/4312850

According to the law of averages, sooner or later they will actually stumble on a genuine conspiracy. It could be 50 years away though.

What like when they where talking about Bilderberg years before the mainstrem media

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http://www.independent.ie/opinion/analysis/elite-is-preparing-to-sell-country-down-the-river-2366359.html

David McWilliams on the desperate state of ROI

Thanks to R+R for the link

Meanwhile, the chief architect of the disastrous Irish credit bubble comports himself with dignity in retirement..................

http://www.politics.ie/media/91067-new-sports-columnist-news-world-bertie-ahern.html

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Comparing Ireland to the PIGS, my understanding is that Ireland beats them hands down on exports and so is in relatively better shape.

by other metrics, ireland holds its own wee place

government-borrowing-and-interest-e1273588674234.jpg

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Comparing Ireland to the PIGS, my understanding is that Ireland beats them hands down on exports and so is in relatively better shape.

Only marginally benefical to the Irish economy as 67% of exports are down to basically foriegn multi-nationals and the proceeds, 40billion a year gets sent back to coprorate HQ's in America to be re-invested in another economy not the Irish economy. These multi-nationals employ less Irish people today than they did in 1997 and the supply chain is not composed local Irish companies.

Then there is the Scam of American multi-nationals laundering profits through Ireland for the low corp tax rate, this is Amazon via Belgium (look at the CIA world fact book Ireland is basically the largest exporter to Belgium!!!), Google and Microsoft route profitsthrough Dublin, in Googles case apparently the 650 million of revenue they make in the UK alone needs a 650 million transfer of stuff from Dublin to compensate? What does Google manufacture that needs to be exported?

The real truth of the Irish economy is that it is still basically agriculture and food processing based and this is getting hit hard because the major market was the UK and the sterling depreciation against the Euro has hit that severely. Combine this with the fact that Tesco is not operating big time in Ireland and importing food from the UK the outlook for even this once successful part of the Irish economy is not good.

So yet more smoke and mirrors from the ex Celtic Tiger.

Edited by ralphmalph

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Don't forget that Irish "investors" also bought up large amounts of property in Northern England Liverpool Manchester and London. When that market goes home then there will be a correction in the typical BTL areas in the UK.

RoboPaddy indeed. Another great McWilliams piece: (he coined the term I think)

http://archives.tcm.ie/businesspost/2008/01/13/story29547.asp

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  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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