Jump to content
House Price Crash Forum
p.p.

Irish Independent - We Are Mere Carrion On Table Of Eu Cannibals

Recommended Posts

credit r&r (NI forum)

credit: Irish Independent (full article posted)

We are mere carrion on table of EU cannibals

From the outset of the EU expedition, we were told that its purpose was to bring Europe together and to create harmony between the peoples of a continent twice riven by world wars. So the EU would therefore both prevent war and the pretext for war; it would allow no widespread poverty, and instead, there would be social inclusion, to be endorsed and enforced by the EU. Thus would emerge a new Europe of justice and peace.

We now know what a lie this is. The primary purpose of the EU is to shield the major banks of Germany and France from the consequences of their insane investments in an Irish banking sector that was run by felons and fools.

Moreover, this was not some South Sea bubble, involving investment in distant lands which no one could see: no, this was a few hundred thousand squalid acres of rain-swept bog that any banker could have viewed on Google Earth. Their choice.

But instead of the European banks getting burnt by their involvement in this cretinous Ponzi folly, their freely undertaken debts have been passed over to the Irish taxpayer. As the Irish economy has sunk under the weight of these debts, we've been forced to raise taxes and borrow money at exorbitant rates through the ECB, merely to stay alive. And so the more we taxed and the more we borrowed to pay other people's debts, the deeper our crisis became.

The nadir came last week with the Government's criminal raid on private pension funds in a desperately cynical bid to raise money without affecting the pensions of the politicians and the civil servants who contrived it.

Crisis nears. The fall in property prices has actually accelerated over the past two months. In Dublin, the primary business in the main office regions of Fitzwilliam and Merrion Squares is now the erection of "For Let" signs. We are racing towards Ground Zero.

Be in no doubt. The purported virtues -- social inclusion, equality, siblinghood -- of the EU are as much window dressing as the welfare of the proletariat was for the USSR. We have awoken to find that not merely are we in the company of cannibals, but are the primary carrion on the EU menu. So we have no choice. It is time that the bitten bit back.

The EU Charter of Fundamental Rights of 2000, by the EU's own proclamation, "is without precedent in the history of the European Union". It sets out the whole range of civil, political, economic and social rights of European citizens and all persons resident in the EU, in six sections:

Dignity

Freedoms

Equality

Solidarity

Citizens' rights

Justice

Now unless there is a seventh secret section declaring that they are meaningless waffle, those six items of the charter are legally binding on the EU, its constituent states and all the courts therein. If so, there is no lawful way that what is being done to the Irish people is consistent or compatible with that charter.

It is worth reiterating. We are facing the greatest single cataclysm since the Famine, as tens of thousands emigrate, while those who remain must bear the predatory assaults by the ECB.

Yet we are not defenceless. For now surely we should be seeking protection from the EU courts, under the legally binding obligations of the European Charter: the Irish people's inalienable right to dignity, freedom, equality, solidarity, citizens' rights and justice. Yet these supposedly core values are precisely what the ECB is now determined to deprive us of.

We were told before the Lisbon vote that the EU was the only road forward: the alternative was Auschwitz. It was an otiose, odious and disingenuous line of argument, but at least we can now see that there was some merit in it. For Auschwitz was not the initial sin, but was the end result of a massive campaign of lies, secret conspiracies and systematic institutional dishonesty -- a murderous version of what the European Central Bank is metaphorically doing to us.

Meanwhile, two successive governments have behaved like kapos, the trustee prisoners who, for what seemed to them to be sound reasons, did the bidding of (and thereby made life easier for) the concentration camp commandants.

It's time to hoist the EU on its own petard: the Govern-ment must do its graven duty, declared in 1916, reiterated in the first Dail, and subse-quently (if rather fortuitously) endorsed by the EU's Charter nearly 11 years ago: it must aggressively defend the fundamental rights of its citizens, through EU law.

Moreover, as Armageddon beckons, so default must surely follow. And when this happens, the EU must be in no doubt that if it tries to tear up the charter and to punish us collectively as a people for the follies of foreign banks beyond our control, we shall not meekly enter that chamber of national death, but we will drag the entire single-currency project down with us.

Irish Independent

Share this post


Link to post
Share on other sites

The people of Ireland are getting raped.. and taking it with barely a complaint. Private bankers decided to make extremely large bets on Irish properties.. bets that turned out to be losers. But the government of Ireland decided to bail out every last private banker for every bad bet, plus interest.

To make the payments the government had to sell off all the wealth of the country and put all its citizens into longterm debt bondage.

Share this post


Link to post
Share on other sites

The people of Ireland are getting raped.. and taking it with barely a complaint. Private bankers decided to make extremely large bets on Irish properties.. bets that turned out to be losers. But the government of Ireland decided to bail out every last private banker for every bad bet, plus interest.

To make the payments the government had to sell off all the wealth of the country and put all its citizens into longterm debt bondage.

Are we here in Britain not having to do the same. The UK govt have been borrowing money to bail out the banks and this also includes bailing out foreign bondholders and loans in foreign countries so the foreign countries do not collapse?

All paid for by the UK taxpayer. Same in NL, Belgium.

The only countries that seem to be getting a free ride are Germany and France who are getting their big banks bailed out by the collective european taxpayers.

Share this post


Link to post
Share on other sites

The people of Ireland are getting raped.. and taking it with barely a complaint. Private bankers decided to make extremely large bets on Irish properties.. bets that turned out to be losers. But the government of Ireland decided to bail out every last private banker for every bad bet, plus interest.

To make the payments the government had to sell off all the wealth of the country and put all its citizens into longterm debt bondage.

The longer Ireland take to tell the banksters to go screw themselves the more they'll lose. If they fire-sale their heritage then they really are screwed.

Making deals with the devil usually results in one loosing their soul...

Edited by MrFlibble

Share this post


Link to post
Share on other sites

Ah yes... the "Samson" option. Worth a try! ;)

(Of course, it's OUR money they won't be paying back if they default. Mind you, it serves us right for bailing them out in the first place.)

Share this post


Link to post
Share on other sites

Private bankers decided to make extremely large bets on Irish properties.. bets that turned out to be losers.

I think it's also a case of :

Foreign investors had large amounts of money and the banks provided the path (mortgages) for them to lose a lot of it, skimming as much as they could along the way. Unfortunately for the banks, they hadn't outsourced all of the risks via MBS's so took a big hit themselves.

Share this post


Link to post
Share on other sites

The thing is, the benefits paid out by the state are still far higher than in the UK. Their corporate tax rate effectively steals income from the rest of the EU. They are still richer than the vast majority of the EU who are expected to bail them.

Words thrown arouond like 'carrion', 'cannibals' etc are emotive and evocative. But what if they did default? Well, to stop the German and French banks blowing up, the French and German tax payers would have to come to their rescue. Is that any fairer than the Irish having to slice a little off their lifestyles?

Just a different possible slant on events. B)

Personally I would go after the real culprits and sequestre all the property developers and bankers' assets and get the bankers to pay back the wages and bonuses they've earned etc etc Get the politicians to admit their ignorance and culpability in show trials before throwing them in gaol.

+1.

This article seems to imply that it's everyone else's fault in the whole wide world except the Irish :rolleyes:

Share this post


Link to post
Share on other sites

The people of Ireland are getting raped.. and taking it with barely a complaint. Private bankers decided to make extremely large bets on Irish properties.. bets that turned out to be losers. But the government of Ireland decided to bail out every last private banker for every bad bet, plus interest.

To make the payments the government had to sell off all the wealth of the country and put all its citizens into longterm debt bondage.

They've also permitted those who took the loot (in Ireland) to keep it.

For every loan to a developer there was an Irishman selling his land, a smug software salesman in a Boss suit flogging his sh1te and a delusional British Chancellor (Osborne) telling us we needed to emulate their business model.

But yes, they should default of course, but it's no good simply blaming Deutsche Bank, they kept voting for criminals and taking the cash too. Relying on EU human rights legislation is wanting their cake and eating it. Why not just default and exit and tell Merkin to stuff it? (along with Greece, Portugal, Spain and thankfully UK?)

Share this post


Link to post
Share on other sites

I think it's also a case of :

Foreign investors had large amounts of money and the banks provided the path (mortgages) for them to lose a lot of it, skimming as much as they could along the way. Unfortunately for the banks, they hadn't outsourced all of the risks via MBS's so took a big hit themselves.

A lot of those mortgage backed securities ended up in pension funds. The huge amounts of money that poured into these funds must have been like a red rag to the bull of Wall Street and other bankers around the world. They made serious money selling dog poo to the future pensioners of the western world.

Share this post


Link to post
Share on other sites

They've also permitted those who took the loot (in Ireland) to keep it.

For every loan to a developer there was an Irishman selling his land, a smug software salesman in a Boss suit flogging his sh1te and a delusional British Chancellor (Osborne) telling us we needed to emulate their business model.

But yes, they should default of course, but it's no good simply blaming Deutsche Bank, they kept voting for criminals and taking the cash too. Relying on EU human rights legislation is wanting their cake and eating it. Why not just default and exit and tell Merkin to stuff it? (along with Greece, Portugal, Spain and thankfully UK?)

why not indeed?

As former Finance Minister Brian Lenihan recently revealed, Ireland was forced to take the money

http://market-ticker.org/akcs-www?singlepost=2543756

default does seem inevitable though

Share this post


Link to post
Share on other sites

Morgan Kelly accuses the ECB and U.S. Treasury Secretary Timothy Geithner of preventing Ireland from forcing a haircut on bank bondholders.

From The Irish Times:

Ireland’s Last Stand began less shambolically than you might expect. The IMF, which believes that lenders should pay for their stupidity before it has to reach into its pocket, presented the Irish with a plan to haircut €30 billion of unguaranteed bonds by two-thirds on average. Lenihan was overjoyed, according to a source who was there, telling the IMF team: “You are Ireland’s salvation.”

The deal was torpedoed from an unexpected direction. At a conference call with the G7 finance ministers, the haircut was vetoed by US treasury secretary Timothy Geithner who, as his payment of $13 billion from government-owned AIG to Goldman Sachs showed, believes that bankers take priority over taxpayers. The only one to speak up for the Irish was UK chancellor George Osborne, but Geithner, as always, got his way. An instructive, if painful, lesson in the extent of US soft power, and in who our friends really are.

The negotiations went downhill from there. On one side was the European Central Bank, unabashedly representing Ireland’s creditors and insisting on full repayment of bank bonds. On the other was the IMF, arguing that Irish taxpayers would be doing well to balance their government’s books, let alone repay the losses of private banks. And the Irish? On the side of the ECB, naturally.

Share this post


Link to post
Share on other sites

They've also permitted those who took the loot (in Ireland) to keep it.

For every loan to a developer there was an Irishman selling his land, a smug software salesman in a Boss suit flogging his sh1te and a delusional British Chancellor (Osborne) telling us we needed to emulate their business model.

....

Let's not forget Alex Salmond and his 'ring of prosperity' (sic) speeches whereby he wanted to emulate Iceland and Ireland. He's after control of the Scottish economy now!

Share this post


Link to post
Share on other sites
The IMF, which believes that lenders should pay for their stupidity before it has to reach into its pocket, presented the Irish with a plan to haircut €30 billion of unguaranteed bonds by two-thirds on average. Lenihan was overjoyed, according to a source who was there, telling the IMF team: “You are Ireland’s salvation.”

And now the head of the IMF is in jail. Very convenient for the banks.

Share this post


Link to post
Share on other sites

The people of Ireland are getting raped.. and taking it with barely a complaint. Private bankers decided to make extremely large bets on Irish properties.. bets that turned out to be losers. But the government of Ireland decided to bail out every last private banker for every bad bet, plus interest.

To make the payments the government had to sell off all the wealth of the country and put all its citizens into longterm debt bondage.

coming to a country near you.

Of course, it doesn't actually have to be this country, given Dave and George have put us on the hook for it anyway. D*ckheads.

Share this post


Link to post
Share on other sites

coming to a country near you.

Of course, it doesn't actually have to be this country, given Dave and George have put us on the hook for it anyway. D*ckheads.

Pay attention: it was Darling who signed us up for it as his last act (of spite) as chancellor.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 312 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.