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First Peaceful European Revolt, As Irish Tsunami Ends 60 Years Of Fianna Fail Rule Following Banker Bailout Fury

Tyler Durden's picture




 

Angela Merkel is carefully observing what can only be classified as a peaceful revolution in Ireland, where a stunning amount, over 70% by some estimates, of voters turned out to punish the ruling Fianna Fail party for its betrayal of the Irish people and for the latest (and what some say last) broad banker bailout. The Telegraph reports that "Exit polls and early tallies from Ireland's general election heralded political annihilation for Fianna Fail (FF), the party which has ruled Ireland for more than 60 years of the Irish Republic's eight decades of independence." Bloomberg adds:  "Counting will continue today to fill the 166-seat parliament, with an exit poll giving Fine Gael and the Labour Party a combined 57 percent of the vote. Support for Fianna Fail, which has ruled for the last 14 years, dropped to 15 percent from 42 percent in the 2007 election, the poll showed." In other words, the Irish people have voted for a direct confrontation with the EU, and indirectly, for austerity: "Fine Gael leader Enda Kenny, likely to become prime minister, wants to re-negotiate the interest rate on the emergency loans and speed up planned spending cuts to narrow the budget gap. Labour is pushing for more tax increases." And the reason Merkel is not going to sleep much tonight is that Germany is next. The country, where the CDU saw a comparable annihilation in a recent Hamburg vote, faces several regional elections as early as a few weeks from now, and the political scene is expected to change drastically, as a warning to anyone who feels like putting the banking kleptocracy (again) over the interests of the taxpaying majority. But what is most troublesome for all those who think that the EURUSD at 1.38 is remotely credible, is that the European Nash Equilibrium is now completely destroyed, and the game theory defections are about to start in earnest: "Declan Ganley, the Irish businessman who led the 2008 No vote to the Lisbon Treaty, said Ireland must "have the balls" to threaten debt default and withdrawal from the single currency. "We have a hostage, it is called the euro," he said. "The euro is insolvent. The only question is whether Ireland should be sacrificed to keep the Ponzi scheme going. We have to have a Plan B to the misnamed bailout, which is to go back to the Irish Punt." Funny  nobody even pretends that modern economics is even a remotely viable concept. Also, the Fed's plan of keeping the USD artificially low against most currencies is about to crash and burn mercilessly.

From the Telegraph:

According to exit polling carried out by the Irish RTE broadcaster, Fine Gael (FG), Ireland's main centre-right opposition, had won 36.1 per cent of the vote. Labour, traditional FG's traditional coalition partner, took 20.5 per cent, its best result ever. Fianna Fail took just 15.1 per cent share of the vote, representing a loss of 58 seats.

Sinn Fein, usually outsiders in southern Irish politics, recorded its own best result with 10.1 per cent, up almost five per cent on the last 2007 election. The vote share for Greens, FF's junior coalition partner, plummeted to 2.7 per cent, possibly robbing the party of MPs.

"The political landscape of Ireland is completely and utterly redrawn," said Roger Jupp, the chairman of the Millward Brown Lansdowne pollsters which conducted the exit polls for RTE.

Enda Kenny, Fine Gael's leader, will later on Sunday, start to form a new government, almost certainly with Labour, after full election results under Ireland's complicated PR system come through.

Both Mr Kenny and Eamonn Gilmore, Labour's leader, have promised Irish voters that they will renegotiate the EU-IMF austerity programme to reduce the burden for taxpayers and to force financial investors to shoulder some of the bank debts currently paid out of the public purse.

Quid pro quo, Clarice:

At a summit of centre-right EU leaders in Helsinki next Friday, Mr Kenny will use his position as Ireland's new Prime Minister to beg the German Chancellor, Angela Merkel, and French President, Nicolas Sarkozy, for concessions ahead of an emergency March 11 Brussels summit to restructure the euro zone.

But neither the two European leaders nor the European Central Bank or EU will permit any substantial changes, despite the huge popular Irish revolt against the bailout.

Chancellor Merkel will tell Mr Kenny that if he wants to reduce the high, punitive 5.8 per cent interest rate charged on EU loans then Ireland will have to give up its low corporate tax rates - a measure regarded as vital to Ireland's recovery and one of the few economic policies it has not yet handed over to Brussels or Frankfurt.

And, of course, Mutually Assured Destruction:

The new Irish premier will also be warned that there is no question of forcing privately-owned financial institutions to assume Ireland's £85 billion bank debts because the resulting market panic would spread to Germany and France, tearing the euro single currency apart.

As Irish voters headed for the polling booths on Friday, the European Commission bluntly declared that the terms of the EU-IMF bailout "must be applied" whatever the will of Ireland's people or regardless of any change of government.

"It's an agreement between the EU and the Republic of Ireland, it's not an agreement between an institution and a particular government," said a Brussels spokesman.

A European diplomat, from a large eurozone country, told The Sunday Telegraph that "the more the Irish make a big deal about renegotiation in public, the more attitudes will harden".

"It is not even take it or leave it. It's done. Ireland's only role in this now is to implement the programme agreed with the EU, IMF and European Central Bank. Irish voters are not a party in this process, whatever they have been told," said the diplomat.

So is everything about to disintegrate, or will the status quo continue after all is said and done?

Dessie Shiels, an independent candidate in Donegal, said: "People have not been given the basic right of deciding whether or not they should have their taxes increased in order to repay bondholders who have lent to the banks."

David McWilliams, an economist and former official at the Ireland's Central Bank, has led calls for a popular vote under Article 27 of the Irish constitution, which requires on a matter of "such national importance that the will of the people ought to be ascertained".

"We have to re-negotiate everything," he said. "Obviously, the first way to do this is to make them aware that if they force us to pay everything, we will default and they will get nothing. So they had better get a little bit of something, than all of nothing. To make this financial pill easier to swallow, we must take the initiative politically. We can do this via a referendum.

However, just like in MENA, the Irish people, who have already sacrificed a part of their pension to keep the kleptocratic oligarchy fully funded and with another year of record bonuses, is increasingly ready and willing to throw the dice:

"If the Irish people hold a referendum on the bank debts now, we can go to the EU with a mandate from the people which says No. This will allow our politicians to play hard-ball, because to do otherwise would be an anti-democratic endgame."

Declan Ganley, the Irish businessman who led the 2008 No vote to the Lisbon Treaty, said Ireland must "have the balls" to threaten debt default and withdrawal from the single currency.

"We have a hostage, it is called the euro," he said. "The euro is insolvent. The only question is whether Ireland should be sacrificed to keep the Ponzi scheme going. We have to have a Plan B to the misnamed bailout, which is to go back to the Irish Punt."

And should that happen, the beinning of the end of the global Ponzi will be a fact. After so much posturing, will Ireland finally have the guts to what is right, or will nothing more than empty Dublin rhetoric rule the day even as the African revolutions spread to all middle east countries, and then to France...

 

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Sat, 02/26/2011 - 21:30 | 1000685 Scottj88
Scottj88's picture

Hope people have secured some form of physical silver if you are reading these comment sections...

Silver miners are about to take off as this ponzi scheme falls...

http://thehardrightedge.com/miningequities/

Sat, 02/26/2011 - 22:13 | 1000762 gwar5
gwar5's picture

Yep, got some. It's really set to take off.

Read again China is hoarding silver big time.

Here's an excellent read & consolidates everything up to today and where we may be going: 

Kitco - Commentaries - Jim Willie CB

Here at ZH, we know. But it's a good e-mail for your moderately awake friends before it's too late. Time is running out for everything, methinks.

 

Sun, 02/27/2011 - 06:32 | 1001374 Zero Govt
Zero Govt's picture

Totally agree with Litoralkey post on this. Nothing has changed. The new coalition wants to "renegotiate the interest rate" how much of a whimper is that?!! In effect treason in a lighter shade of black!

Here's the real problem, from the whores/horses mouth, ..the European Commission bluntly declared that the terms of the EU-IMF bailout "must be applied" whatever the will of Ireland's people or regardless of any change of government. "It's an agreement between the EU and the Republic of Ireland, it's not an agreement between an institution and a particular government," said a Brussels spokesman...

In short, democracy and the voice of the people doesn't mean Jack. A country according to the EU is steered not by its people or their voice, but by the marxist-fascist political and banking elites of Brussels and each country. The EU's motto is "Strength through Diversity". But the EU's entire project is to harmoginise all EU countries from Kremlin-Brussels central command control according to how they want/dictate it to be, like it or not.

When the Irish voted "fuk-off" to the EU with a 'No' vote the EU just didn't accept it and came back for a 2nd vote, pumped the country with EU propaganda and just managed (probably rigged) a vote in favour (what a mistake that turned out to be).

We truly have reached the last days of the crumbling Roman Empire (or any end of Empire). The EU is a corrupt stinking scum on European society. It's long overdue Ceaser was knifed to death in public or had its delusional head guillotined in full public view. The Parasite Club is approaching 'end of days' at ramming speed with maximum delusion of their impending and essential oblivion


Sun, 02/27/2011 - 08:09 | 1001429 Bagbalm
Bagbalm's picture

So who sends in troops to do the collecting at the street level? The British? I doubt they want a replay of fighting the Irish. The Germans since it is to their benefit? Lots of luck boys. Bring lots of body bags.

Sun, 02/27/2011 - 09:10 | 1001460 fajensen
fajensen's picture

They just buy the next government. Just wait and see. Within the EU you can vote and vote and vote until the result dictated from brussels comes out. 

Sun, 02/27/2011 - 14:04 | 1001770 akak
akak's picture

Within the EU you can vote and vote and vote until the result dictated from brussels comes out.

Yes, funny how this vote-till-you-get-it-right-for-us ratcheting effect operates to ALWAYS increase the power of the State, and not just within the EU --- it can be observed everywhere in the USA from the federal level (e.g., Wall Street bailout of 2008) to the local level when it comes to increasing property taxes, school bonds, etc.  The flagrant voter manipulation and hypocrisy of it all is mind-blowing.

Mon, 02/28/2011 - 00:57 | 1003084 bigkahuna
bigkahuna's picture

Yep--equally mind blowing are the people who have no clue and/or do not care what is going on.

Sun, 02/27/2011 - 10:35 | 1001516 Ray1968
Ray1968's picture

I bet the people of Ireland wish they had a 2nd amendment right about now.

Nobody would be interested in having door-to-door battles.

 

Sun, 02/27/2011 - 12:06 | 1001604 Amagnonx
Amagnonx's picture

This pure dictatorship - if people cannot see this for what it is, the demands of a tyranical organization - then we have no hope anywhere.

 

The Irish must reject the debt - they must default, they must shove this up the collective ass's of the EU dictators.

 

Lets hope the Irish can get it done - it will be a global call to arms.

Sun, 02/27/2011 - 00:42 | 1001069 SilverRhino
SilverRhino's picture

I wonder what the over/under is for the first military intervention (civil war) in the EU is?

Sun, 02/27/2011 - 15:14 | 1001894 TemporalFlashback
TemporalFlashback's picture

Apologies... Unintentionally pressed the junk button.

Sun, 02/27/2011 - 15:17 | 1001899 akak
akak's picture

Pressing it again will un-junk the junking, FYI.

Sun, 02/27/2011 - 02:34 | 1001217 Joseph Jones
Joseph Jones's picture

I'm a noob.  Help me.  How do PMs help someone survive if you need food to eat and energy to run your home?  Someone (MSM IIRC) said values of PMs are just as arbitrary as anything else. 

 

 

Sun, 02/27/2011 - 02:40 | 1001226 dalkrin
dalkrin's picture

They are a store of value and a means of exchange, just like paper currencies today, except they cannot be debased by an irresponsible government.  When trust is lost in the paper, and people refuse to accept it as having value, then you may bring out the PM's to work out a deal.  They shine regardless of the circumstances.  Yes, the value is flexible, but due to their scarcity and properties it will never go to zero.  In fact, the trend of appreciation is still just taxiing on the runway.

Sun, 02/27/2011 - 09:32 | 1001475 aheady
aheady's picture

"They shine regardless of the circumstances."

I like it. I like it a lot.

Sun, 02/27/2011 - 10:14 | 1001500 CrashisOptimistic
CrashisOptimistic's picture

What happens when people lose faith in shine and prefer a bag of wheat flour.

Sun, 02/27/2011 - 10:37 | 1001520 Ray1968
Ray1968's picture

Then you take your silver eagle or canadian maple leaf coin and trade it for a bag of flour. What is so hard about that concept??

Sun, 02/27/2011 - 18:04 | 1002221 DarkAgeAhead
DarkAgeAhead's picture

Depends on how deep the collapse.  Within the light of civilization, sure, PM hold some arbitrary value.  But if collapse is total, you want to hold physical water and physical soil fertility.  Not a metal.

Sun, 02/27/2011 - 12:49 | 1001653 ElvisDog
ElvisDog's picture

5000 years of human history suggest that gold and silver is a medium of exchange and a store of value. It's the fiat money/debt-based system of exchange that is breaking down, not the physical gold and silver one.

Sun, 02/27/2011 - 18:05 | 1002225 DarkAgeAhead
DarkAgeAhead's picture

Depends on if you think collapse goes deeper than 5,000 years.  There's a sufficiently meaningful risk that it might, that I wouldn't ignore that.

We've shifted the ecology of the past 10,000 years.  Only a matter of time as the pace of change accelerates.

Sun, 02/27/2011 - 13:03 | 1001672 Landrew
Landrew's picture

I traded 1oz. silver for dinner for two with glass of wine and tip. I did it to do it not to capture value. I did it to answer questions like yours.

Sun, 02/27/2011 - 18:07 | 1002228 DarkAgeAhead
DarkAgeAhead's picture

That assumes your current reality will still exist in the future.

Sun, 02/27/2011 - 21:02 | 1002562 mogul rider
mogul rider's picture

Trust me keep the ounce, you can always kill any farmer for the bag of wheat if it really gets that bad where the zombies are roaming the streets.

 

Ounces get you out of concentration camps too. That could be important if Cheney gets back into the backrooms

 

just saying.

 

My whole point here is if your family has no collectives memory of bad times then you know shit.

 

My family has seen big shit in the last 300 years. Prepare accordingly

Sun, 02/27/2011 - 04:51 | 1001337 Eternal Student
Eternal Student's picture

You should be looking at the basics first, and PM's second. Get your essentials squared away if you can. Then you'll have less to worry about. Look at PM's after that.

Sun, 02/27/2011 - 09:53 | 1001488 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Joseph, don't ask logical questions about PMs here, you will not get any good answers.

Sun, 02/27/2011 - 11:52 | 1001582 EscapeKey
EscapeKey's picture

Right, because dalkrin's isn't a good explanation:

"They are a store of value and a means of exchange, just like paper currencies today, except they cannot be debased by an irresponsible government."

All our ancestors had it completely wrong - believing in an infinitely printed, magic piece of paper with a number on it makes SO MUCH more sense, than a rare physical commodity.

Sun, 02/27/2011 - 12:48 | 1001655 monkeys.pick.bottoms
monkeys.pick.bottoms's picture

PMs are to protect your wealth, stockpile of food is to protect your PMs, a deal with the farmer for regular food delivery protects all of it. When a bear is chasing you and others the trick is not to run faster than the bear but to run faster than the others... good luck!

Sat, 02/26/2011 - 21:34 | 1000693 litoralkey
litoralkey's picture

Revolutions require a change in leadership...

Fine Gael is Field Marshal Mohamed Hussein Tantawi to Fianna Fail's Muhammad Hosni Sayyid Mubarak.

There is no change, there are few if any Dubliners who believe this is a change, there are few if any Irish who believe they have any more control over the direction of their country today than in December, few if any who believe the bankers have lost even a modicum of near complete control over the daily existence of the Irish serfdom.

 

Cheers for the optimistic headline.

 

THe upside here is the reinvigoration fo Celtic Punk... may they preach open violence and revolution this time instead of blowing off steam of the youth allowing the bankers to consolidate power and disenfrachise the underclass.

Sat, 02/26/2011 - 22:52 | 1000874 Michael
Michael's picture

I'm half Irish and can drink and fight like one. Half Mexican too and can go Aztec on them as well. You don't want to go there.

I know the Irish can go ballistic on the world central banksters in a way that would make what the Icelanders did, with their reserve demeanor, look like a walk in the park.

Sun, 02/27/2011 - 08:21 | 1001433 Hernando
Hernando's picture

One billion Catholics stand with Ireland.   This fight is going to get alot bigger alot sooner.

Sun, 02/27/2011 - 09:13 | 1001462 fajensen
fajensen's picture

Trouble is: You NEED to go there! The rioting Greeks got better terms than the meek, law-abiding, Irish!!

Sun, 02/27/2011 - 12:53 | 1001659 ElvisDog
ElvisDog's picture

By "going Aztec" do you mean turn over all your gold and silver to 400 Spaniards and let them take over your entire country and kill off 90% of your population?

Sun, 02/27/2011 - 13:25 | 1001705 New_Meat
New_Meat's picture

Mikey should "go Aztec."  I'll get the popcorn. - Ned

Sun, 02/27/2011 - 16:00 | 1001991 Poofter Priest
Poofter Priest's picture

Aztec's didn't "let them take over the entire country"....they got too sick from the freaking diseases the filthy euro scum brought with them.

"going Aztec" could very well mean cutting off your head and using it for a sport ball and peeling off your skin and wearing it.

Give that some thought.

Mon, 02/28/2011 - 01:04 | 1003100 bigkahuna
bigkahuna's picture

Yes, I think that is the concept.

Sun, 02/27/2011 - 00:17 | 1001032 Oh regional Indian
Oh regional Indian's picture

Spot on litoral. Nothing has changed. Not a thing. In fact, I'm surprised at ZH giving this such a positive spin.

Who do the Bankster's not control? Definitely all sides of the "political" debate. Gael, Fael, Green, Pink...all of it. They also control the thugs and the fake "angry" opposition (look how meekly the IRA gave up it's cajones for a little politics). THey control the ports and the air-ports and the military.

When the fuse is really lit in the western world (can't count greece, portugal etc., I mean the heart of it), how it un-folds will shock many of you. 

Fail fael, falafal.

ORI

http://aadivaahan.wordpress.com/2011/02/25/wisdom-for-warriors-7/

 

Sun, 02/27/2011 - 09:57 | 1001491 slewie the pi-rat
slewie the pi-rat's picture

 

great new look, 0.  now, i can clearly see that you are japanese, and will name you toke_y0_rI.  i got money on erin, y0_ri.  i got 7/2 on $20; green stamps, against QEII.  your political savvy is right up there with most disinfo artists, altho i do appreciate your minimalism.  whereas most disinfo sprayerz make mountains out of molehills, i always admire your ability to make a mountain into a little clump of dirt around the hole in which you dwell, politically.  awesome!

here's what slewie's been stretching and retching to, this fine, brisk, morn: 

YouTube - Diamonds on the Soles of Her Shoes BBC

 

Sun, 02/27/2011 - 16:09 | 1002013 Oh regional Indian
Oh regional Indian's picture

Slewie, reading your normal, brain paralyzing comment, I visualized a golf green for some reason, and a dimpled white ball, curling along a spiral, into a black hole.

You've been informed, but definitely not dissed.

;-)

ORI

Sun, 02/27/2011 - 11:48 | 1001589 tetrahedron
tetrahedron's picture

Stop pimping your piece of crap blog everywhere on this webzone. You've been warned in the past and its way past obnoxious at this point.

Sun, 02/27/2011 - 14:16 | 1001788 bullchit
bullchit's picture

"You have been warned"?  Hahahahaha

Ori, you've been upsetting a few Kunts. Keep up the good work son.

Love the blog, by the way. :-)

Regards.

Sun, 02/27/2011 - 16:03 | 1001999 Oh regional Indian
Oh regional Indian's picture

:-) Thanks bull.
ORI

Sat, 02/26/2011 - 21:36 | 1000694 Yen Cross
Yen Cross's picture

Xag is in the pop mode. You are a greedy person with no understanding of xag.

Sat, 02/26/2011 - 22:13 | 1000789 akak
akak's picture

What is this "xag" you are always referrring to?

If you mean "silver", then just fucking say so!

Sat, 02/26/2011 - 22:46 | 1000863 Jack Burns
Jack Burns's picture

http://en.wikipedia.org/wiki/ISO_4217

 

" ISO 4217 includes codes not only for currencies, but also for precious metals (gold, silver, palladium and platinum; by definition expressed per one troy ounce, as compared to "1 USD") and certain other entities used in international finance, e.g. Special Drawing Rights...  These codes all begin with the letter "X". The precious metals use "X" plus the metal's chemical symbol; silver, for example, is XAG. "

Sat, 02/26/2011 - 22:49 | 1000866 akak
akak's picture

Yes, thanks, I did know that, as I indicated above.

I was just trying to point out the snobbish pretention of this poster Yen Cross.

Sun, 02/27/2011 - 23:42 | 1001243 GoinFawr
GoinFawr's picture

Let's reel YC

Hey, you're a self-purported FX savant, will you humour me for a moment please: If every currency that can be is being printed like there's no tomorrow (!), and FASB eternally allows all toxic 'assets' held by favoured banks to be marked to skypie, at least until they can be offloaded onto various nations' taxpayers, how is it that (x)ag currency (xau for that matter), which cannot be 'printed' in the strictest sense, can be in 'pop' territory when immediate supply is apparently so constrained? Is that call resting on purely technical merits? Or do you see SLV and its ilk as standing by with sufficient physical metal ready to dump into the market?

Sat, 02/26/2011 - 21:36 | 1000695 Bob
Bob's picture

It's done. Ireland's only role in this now is to implement the programme agreed with the EU, IMF and European Central Bank. Irish voters are not a party in this process, whatever they have been told," said the diplomat.

Hilarious.  I'm rooting for the comeuppance these bastards so richly deserve.

Sat, 02/26/2011 - 22:29 | 1000825 Moe Howard
Moe Howard's picture

The Irish need to refuse to pay. I want to see the banksters force the Irish to work. If they are anything like my Irish relatives on my mother's side, good luck. They would only work long enough to pay for that night's booze. And not a minute longer.

Sat, 02/26/2011 - 23:35 | 1000975 Dr. Porkchop
Dr. Porkchop's picture

You can't get much more blatant than that. 'Sorry Ireland, you gave up your sovereignty when you accepted the EU.. didn't you get the memo?' Of course, I'm sure the Irish have known that all too well.

 

The Irish must feel proud that their sacrifice will save the German and other European bankers.

 

 

Sun, 02/27/2011 - 06:34 | 1001382 MolotovCockhead
MolotovCockhead's picture

"It is not even take it or leave it. It's done. Ireland's only role in this now is to implement the programme agreed with the EU, IMF and European Central Bank. Irish voters are not a party in this process, whatever they have been told," said the diplomat.

 

Don't forget those Banksters are behind the FED, IMF, World Bank.... and they operate with the same kind of disregard for the American public too.

Sun, 02/27/2011 - 22:53 | 1002844 unununium
unununium's picture

Irish voters are not a party in this process,

Who said this?  What is his name?

Sat, 02/26/2011 - 21:37 | 1000696 cossack55
cossack55's picture

I would love to see the Irish beat the hell out of IMF with either a shillelagh or the freakin Blarney Stone.  Hooray Iceland.

Sat, 02/26/2011 - 21:49 | 1000715 snowball777
snowball777's picture

Enda may be a lover, but he ain't no dancer.

Sat, 02/26/2011 - 21:50 | 1000717 grunk
grunk's picture

Epic Fianna Fail.

Sat, 02/26/2011 - 21:51 | 1000720 suz
suz's picture

This is just in it's beginnings, and shall gain momentum, for the world to see. The irish have command of the english language, so they shall not only get "celtic" on these fraudsters, but they will get jiggy with dem' brothers.

Sat, 02/26/2011 - 21:51 | 1000721 Misean
Misean's picture

Erin go Bragh!

Sat, 02/26/2011 - 21:51 | 1000722 JW n FL
JW n FL's picture

FREE IRELAND!!!!! BITCHEZ!!!!!

 

Fuck the Bankers and thier Bullshit Lies and Stealing and Paying for Stealing thru Inflation!!!

 

Sun, 02/27/2011 - 02:40 | 1001223 nathan1234
nathan1234's picture

Grill the Bankers, Bake the Bankers, Toast the Bankers, Fry the Bankers like you do with your potatoes and have them for Breakfast, Lunch and Dinner.

Sun, 02/27/2011 - 02:44 | 1001228 ft65
ft65's picture

JW n FL / GLP ^TrInItY^ the people of Ireland have spoken. Even Jim Corr was unable to influence the support of the facebook generation. There will be no popular uprising in Ireland, at least the southern part. As for bankers (media, education, politics, medical profession etc.) we know which group have the greatest circle of influence there, and you are one of the elete's greatest suporters (at least when on your own taudry forum). Your comments are more suited there (GLP) 

Sun, 02/27/2011 - 11:49 | 1001593 tetrahedron
tetrahedron's picture

Anyone else immediately pass over JW in FL comments?

Sun, 02/27/2011 - 20:56 | 1002558 mogul rider
mogul rider's picture

Nah just the shoot the fuckers. Don't waste valuable resources on them. The fuckin maggot food knows what's coming.

 

Thus the big fucking meltup the last 18 months. One last fucking puke party before the dash for the exits (i.e. Panama)

 

 

Sat, 02/26/2011 - 21:51 | 1000723 Newsboy
Newsboy's picture

It's done. Ireland's only role in this now is to implement the programme agreed with the EU, IMF and European Central Bank. Irish voters are not a party in this process, whatever they have been told," said the diplomat.

 

Them's fightin' words...

Sat, 02/26/2011 - 21:59 | 1000742 Bob
Bob's picture

Beggin' for it, I'd say.  One would expect the elites to remain circumspect as usual, but here they're just spitting out the bald truth pretending that signed papers have the irrevocable power to enslave populations. 

God help the Irish. 

Sat, 02/26/2011 - 22:02 | 1000757 NorthenSoul
NorthenSoul's picture

There is a limit that should not be played with; the pride of the Irish.

If the Irish decide they won't be the slaves, no matter what, God help Europe.

Sat, 02/26/2011 - 22:09 | 1000776 Bob
Bob's picture

It would be nice to see some white folks show enough real pride to put it to the banksters.  I have little reason to expect anything but pathetic divided and conquered here.   

Sat, 02/26/2011 - 23:42 | 1000986 Things that go bump
Things that go bump's picture

God help the elite, from what I know of the old IRA.  I expect some of those boys are still around and I doubt they've forgotten how to build a bomb.  

Sat, 02/26/2011 - 23:52 | 1001003 Michael
Michael's picture

Molotov cocktail is my weapon of choice. Very easy and economical.

Sun, 02/27/2011 - 00:21 | 1001039 Things that go bump
Things that go bump's picture

Don't forget to add some liquid detergent.  It makes it sticky and we love the smell of napalm in the morning.  

Sun, 02/27/2011 - 00:49 | 1001079 johnQpublic
johnQpublic's picture

add karo syrup...try it, you'll see why

Sun, 02/27/2011 - 01:13 | 1001110 10kby2k
10kby2k's picture

gasoline/kerosene isn't economical

Sun, 02/27/2011 - 01:22 | 1001125 Things that go bump
Things that go bump's picture

Once in a while you just have to splurge.  

Sun, 02/27/2011 - 03:07 | 1001242 edotabin
edotabin's picture

Fightin' words? I'd say this is a lot more than fightin' words!! This is the kind of insult to human freedom and dignity that cause revolutions that result in hangings!

Sun, 02/27/2011 - 09:17 | 1001466 fajensen
fajensen's picture

Does said diplomat have a name? If perhaps this person will have to hire a guy to start his car for him every morning the rest of his unnaturally short life then "they" might get The Message?

Sat, 02/26/2011 - 21:53 | 1000730 robobbob
robobbob's picture

Where the heck is that GW?

now THIS could be the start of a REAL revolution.

We'll just see the ferocity of the smackdown the EU gives these Irishmen if they play hard ball.

take notes, we may need them.

Sat, 02/26/2011 - 22:00 | 1000748 NorthenSoul
NorthenSoul's picture

The ferocity of the smackdown could easily be matched by a public declaration of a refusal to pay one n'gwee more until Europeans say "Please" and "Sir" to the Irish people.

 

This ain't freaking Tripoli, ain't it?

Sun, 02/27/2011 - 00:56 | 1001092 robobbob
robobbob's picture

it will be quite disheartening if they just roll over and say "but just this one last time, and this time I really mean it"

Sat, 02/26/2011 - 21:54 | 1000731 Salt
Salt's picture

Michael Collins, where are ye?

Sat, 02/26/2011 - 22:15 | 1000796 beastie
beastie's picture

They shot him and then laid flowers on his grave.

Sun, 02/27/2011 - 12:58 | 1001668 Horatio Beanblower
Horatio Beanblower's picture

Classy.

Sat, 02/26/2011 - 21:58 | 1000733 gwar5
gwar5's picture

"It is not even take it or leave it. It's done. Ireland's only role in this now is to implement the programme agreed with the EU, IMF and European Central Bank. Irish voters are not a party in this process, whatever they have been told,"  said the (EU) diplomat.

 

O'Really? I suppose that means he won't be wanting any of their Irish voter money then, either.

 

That's pretty damned scary and a preview of coming attractions, and loss of sovereignty, for everyone who allows themselves to be bullied by these fiat diktators. Remember, the FF Irish government agreed to the the EU terms just before these elections --- and would rather shit their own pants than  step up to the Mic to admit they had sold out their own country. Now they're out.

 

March 17 is St. Patrick's day, but we're all Irish now. Watch and learn from what they do.

.

Sat, 02/26/2011 - 21:56 | 1000738 Atomizer
Atomizer's picture

Learn how your elected officals behave off camera.

Earl Browder speaks on the relationship between organized labor and the Communist Party, in a radio address given during the height of Mccarthyism.

Earl Browder is the author of many books, including:
"What is Communism?"
"Communism and the United States"
"Teheran: Our Path in War and Peace"
"Victory and After"

He was expelled from the Communist Party in 1945, when he dissolved it into the Democratic Party to form the Communist Political Association.
Upon his expulsion, the Communist Party was reestablished with William Z. Foster as the Chairman.

http://www.youtube.com/watch?v=cR8nqDkK8v0

Another post shortly to explain Ireland.

Sat, 02/26/2011 - 22:14 | 1000792 Bob
Bob's picture

Yes, by all means let us not forget the important things.  FUD runs the banksters' world . . . thank God there are so many lost people willing to tirelessly carry their water for them. 

Sat, 02/26/2011 - 21:57 | 1000739 NorthenSoul
NorthenSoul's picture

"It is not even take it or leave it. It's done. Ireland's only role in this now is to implement the programme agreed with the EU, IMF and European Central Bank. Irish voters are not a party in this process, whatever they have been told," said the diplomat.

 

My gut reaction to this statement was: Who the fuck does this guy think he is? My cortical reaction is a bit more nuanced: The extreme hautighness and arrogance of the European elites only serves to betray a very high amount of raw, unadulterated fear.

And they have very good reasons to be fearful. I doubt very much the new leaders of Ireland are eager to get decapitated at the next election. Moreover, their people have spoken in no uncertain terms. The more the Europeans harden their attitudes, the more the Irish people will pressure their government to do what's right.

The bottom line is amazingly simple: Private bankers took a risk with Ireland, they lost, time to endure the losses. We too, love the smell of capitalism in the morning!

Sat, 02/26/2011 - 22:05 | 1000764 Greenhead
Greenhead's picture

Why shouldn't the bondholders and investors take a haircut?  They bet (and stole) and now they lost, wish we had the courage and conviction here.

Sat, 02/26/2011 - 23:41 | 1000985 Dr. Porkchop
Dr. Porkchop's picture

These arrogant assholes will be wondering why the people are lined up outside the door to smash their skulls in with wooden bats, that's how far removed they are from reality. Their sense of entitlement is epic.

Sun, 02/27/2011 - 07:03 | 1001394 AnAnonymous
AnAnonymous's picture

The bottom line is amazingly simple: Private bankers took a risk with Ireland, they lost, time to endure the losses. We too, love the smell of capitalism in the morning!

 

Far from being that simple. When similar things happened elsewhere, it was concluded by opening markets further, repo on national wealth (privatization) so that the creditors could be comforted.

Ireland has a sweet deal compared to what happened elsewhere so please explain what you meant by capitalism in the morning. The morning showed what happened. Now it is the afternoon, why do you want a change in rules?

Sat, 02/26/2011 - 21:57 | 1000740 Ahmeexnal
Ahmeexnal's picture

The 3 german warships have received new orders.

Change of destination. Stop.

Abort old destination Libya. Stop.

Proceed to new destination. Stop.

Punish Ireland. Stop.

 

Sat, 02/26/2011 - 22:01 | 1000751 Misean
Misean's picture

The Germans usually invade France first...

Sat, 02/26/2011 - 22:40 | 1000845 malek
malek's picture

Poland!

Sat, 02/26/2011 - 23:36 | 1000976 snowball777
snowball777's picture

Speed bump.

Sun, 02/27/2011 - 01:03 | 1001105 robobbob
robobbob's picture

The German surface fleet has rarely been much to be concerned about

and after reading this, I'm not too sure this is the same (in)famous German military we've all grown up fearing

http://nasailor.com/2011/01/25/cadet-mutiny-on-german-navys-tall-ship/

Sat, 02/26/2011 - 22:00 | 1000744 S.P.Q.R.
S.P.Q.R.'s picture

Get out the popcorn, this should be a good show. Ireland has a rich history of rebellion, too bad the EU didn't take that into account before taking a sh*t on the country. Then again germans get prickly when they can't afford beer. Maybe all this can be settled by an old fashioned drinking contest, I'll buy the beer.

Sat, 02/26/2011 - 22:10 | 1000775 Lord Welligton
Lord Welligton's picture

"Ireland has a rich history of rebellion, too bad the EU didn't take that into account"

They did "take that into account".

That is why the Federalist EU (in Ireland that would be Fianna Fail, Fine Gale, Labour and the Universities) undermined the Republic and insisted that "we" were wrong in rejecting Lisbon1.

Then "we" were threatened and were offered Lisbon2.

Democracy my arse.

 

Sat, 02/26/2011 - 23:13 | 1000927 S.P.Q.R.
S.P.Q.R.'s picture

Democracy will always destroy the Republic, best vote a citizen can make is with their feet 

http://www.youtube.com/watch?v=gc1G7aCpSsI

Sat, 02/26/2011 - 22:45 | 1000857 savagegoose
savagegoose's picture

you'll buy the beer? this is ireland and germany uoi are talking about.

hoow rich are you? or can u also print beer?

Sat, 02/26/2011 - 23:20 | 1000941 S.P.Q.R.
S.P.Q.R.'s picture

Canadian beer but the yanks are buying. Bernanke can come along, printing like a madman has made for a very good year in Canuckland. 

Sat, 02/26/2011 - 23:42 | 1000988 Dr. Porkchop
Dr. Porkchop's picture

I'm canuck, but I like me some Kilkenny.

Sun, 02/27/2011 - 00:16 | 1001029 DaBernank
DaBernank's picture

Beer is money. Guinness is Gold.

Sun, 02/27/2011 - 02:21 | 1001199 nathan1234
nathan1234's picture

I will give you the Guinness. Give me the gold.

Sat, 02/26/2011 - 22:00 | 1000746 Canucklehead
Canucklehead's picture

This vote has sealed the deal.  The fact that the Telegraph quotes "the unknown diplomat" speaks volumes.  These comments came from "the unknown comic".

The EU has no rigor that can bring discipline to this matter.  Does anyone expect the Greeks are going to pay their bills?  They will default.  Why should Ireland throw away their future when the EU applies different rules to different members?

Expect the US stock market to rally based on this news.  The money fleeing the euro needs to go somewhere.  Switzerland's banking system will be toast shortly as soon as the Eastern Europeans stop paying their mortgages.  Why should they continue paying their bills?

Sun, 02/27/2011 - 00:30 | 1001048 RoRoTrader
RoRoTrader's picture

I'll stop here CH.........

It looks like the ECB has defacto bailed out the bondholders and assumed it was able to hang the debt upon the Irish taxpayer while risking German, French and British taxpayers......... which kind of begs the question as to why the ECB would work behind the scenes to bailout the bondholders in the first place which appears to be the reality.

The Irish may just have called bullshit on the ECB and bondholders' cards.

1.3800 may be a difficult number to top for the Euro.

Sun, 02/27/2011 - 11:24 | 1001566 Canucklehead
Canucklehead's picture

I think the big question regarding the exchange rate is what will the Chinese do?

I think the Chinese want the US dollar to remain low for the obvious internal reasons, both Chinese and American.  The Swiss need a higher Euro or their export economy goes in the toilet (if it isn't there already).  The British need a high Euro so they can export their way out.  With that horsepower lined up against the Euro, I don't see it dropping much until the EU breaks.  Germany clearly will be the trigger.  The Irish elections was a shot across the bow of the German taxpayer.  Put yourself in any of these pairs of shoes and what would you do?  Where is there value?  I suspect US equities will be pointed to as the "best" bet to hold onto your wealth.

I expect those who plan on getting out will be getting out of Dodge while the getting out is good.

Here in Canada, some comment about our much vaunted economic engine.  If there is any meaningful hickup in the US economy, we will last about 12 hours longer than the US economy. 80%+ exports to the US do that to you...

Sun, 02/27/2011 - 07:05 | 1001396 AnAnonymous
AnAnonymous's picture

Sure, sure. Refering to a hypothetical event to happen in the future according to your own crystal ball to justify a current course of actions.

So in present times, why so cheap propaganda? Please explain.

Sun, 02/27/2011 - 11:31 | 1001573 Canucklehead
Canucklehead's picture

There is a reason why the phrase "captains of industry" is valid and respected.

Here, if something seems out of place, it gets discussed.

In your case, you may understand the role of a shepherd in herding the flock safely through the night.  Many of the flock are oblivious to the environment around them.  They only want something good to eat, space from other members of the flock, and a nice place to lie down and chew their cud.

Enjoy this food for thought.  Digest on it for a while...

Sun, 02/27/2011 - 12:32 | 1001637 AnAnonymous
AnAnonymous's picture

Nice. Usually, that's people who claim to know human nature. Sources of their knowledge is not known but hey, who cares?

Now, a guy who know what sheep think, want and need. Better and better.

So, bit of return of factuality: the shepherd wants to get a big fat herd so he can live well off it. He does not want to lose one because it is money, he wants as much as possible because it is money.

It has nothing to do with sheep wants and needs and you do not need to mind read them. Just talk to the human shepherd (something much easier)

Projection is a nasty thing.

Sun, 02/27/2011 - 12:59 | 1001670 Canucklehead
Canucklehead's picture

You asked to be fed.  Don't blame me if it was something that didn't agree with your taste...

Sat, 02/26/2011 - 22:03 | 1000761 Lord Welligton
Lord Welligton's picture

Fine Gale and Labour will continue the Euro Federalist Plan handed to them by Fianna Fail.

All has not changed utterly.

It is continually unfortunate that the "people" do not know they are being fucked until they feel pain.

 

Sat, 02/26/2011 - 22:25 | 1000814 Dantzler
Dantzler's picture

wait a minute...

you're not suggesting that Ireland has 3 to the USA's 2 parties that are 2 sides of the same debauched coin?

Sat, 02/26/2011 - 22:40 | 1000846 Lord Welligton
Lord Welligton's picture

"2 sides of the same debauched coin"

I am not suggesting it. I am stating it as fact.

There is only one coin here.

It is the debauched Euro coin.

Democracy is a sham.

 

 

Sat, 02/26/2011 - 22:45 | 1000859 Dantzler
Dantzler's picture

Cheers--we suffer similarly.

May maelstrom bring change that eventually suits we the people(s) and fucks the rest.

Sat, 02/26/2011 - 23:11 | 1000923 Lord Welligton
Lord Welligton's picture

Many, if not all, of "we" will die.

If that is that then that is that.

 

Sun, 02/27/2011 - 00:26 | 1001012 Dantzler
Dantzler's picture

Indeed.

7,000,000,000 of us surely won't be left after the dust settles...

Sun, 02/27/2011 - 00:01 | 1001017 Things that go bump
Things that go bump's picture

Yes, but on a long enough time line the survival rate for everybody drops to zero, as it says on the homepage of this site.  Did you expect to live forever?  We're probably all going to die before our time, so allow yourself some dignity and chose your poison.  What will it be?  Slow starvation?  Take a bag of mukluk, sit on an ice flow and hope a polar bear comes along like the old and useless of the Eskimo?  Something else?

Sun, 02/27/2011 - 10:40 | 1001471 fajensen
fajensen's picture

Denmark has 9 different version of social democrats - none of the parties differ on the EU, bankers bailouts, the war in afghanistan - if an issue is important, it is not for discussion amongst the plebeians who pay the bills. I.O.W: democracy is a sham, politics a distraction and it is not possible to bring any change by mere voting and argumentation.

Sat, 02/26/2011 - 22:07 | 1000772 beastie
beastie's picture

Love the enthusiam fellas but .....

One crowd of boot lickers to the bankers has just been replaced with a crowd of banker arse lickers. More spineless, worthless scum.

Sinn Fein blew their chance (the only ones who would say no) by only fielding 41 (not exact) candidates. IMO they could have fielded stray dogs and they would have pulled in votes.

The people blew their chance by not voting in Independants and other outcasts.

There will be no referendum. Fine Gael and Labor will see this through to the bitter end. The IRA will start shooting.

The end.

 

Sat, 02/26/2011 - 22:27 | 1000818 Belrev
Belrev's picture

Sinn Fein is allowed to exist by the same Bankers for the sole purpose of channeling anger of nationalist segment of population to a managaeable avenue of discontent. Don't be fooled, a truly nationalist party can only come to power by force, even in Europe. By force I mean killing of the zionist mafia first.

Sat, 02/26/2011 - 22:23 | 1000786 Keithk
Keithk's picture

Giving Fianna Fails support as a % makes them look good, they have gone from over 70 seats to currently just 10, will maybe get to mid teens, they have been annihilated!! What a great day for Ireland. There are families who have had seats since the Irish state was founded,gone!!

Check this out,it's beautiful:

 

http://farm6.static.flickr.com/5220/5480358054_929432800e_b.jpg

 

Not sure how to embed images?

 

For any non-Irish are not familiar with Fianna Fail and their history in Ireland this pretty much sums them up and the Irish people have finally figured it out:

 

http://farm6.static.flickr.com/5058/5456035642_85aa63b046_b_d.jpg

 

 

 

Sat, 02/26/2011 - 22:28 | 1000821 Lord Welligton
Lord Welligton's picture

"What a great day for Ireland. There are families who have had seats since the Irish state was founded,gone!!"

Fine Gale?

We have swapped a local (Euro) MaFFia for a Euro (local) MaFFia.

Watch what happens next.

 

Sat, 02/26/2011 - 22:35 | 1000830 Keithk
Keithk's picture

@Lord Welligton

No Fianna Fail, thats how a lot of voting happens in Ireland :-(, votes are passed from Parent to child, Parish politics, a lot of these lines have now been cut.

Sat, 02/26/2011 - 22:46 | 1000860 Lord Welligton
Lord Welligton's picture

"a lot of these lines have now been cut."

You are correct and incorrect.

Fianna Fail was taken over by a self interested maFFia.

They were paid off by the Globalists.

It is not about families in Ireland.

It is about the new Fascist Euro Family.

Every one of Fianna Fail who lost their seat were paid to loose it.

 

 

Sat, 02/26/2011 - 23:29 | 1000943 Keithk
Keithk's picture

Agreed, but there are two angles to FF being annihilated, the bank bailout paid for by the Globalists as you say and their cozy cartel with the banks and developers as shown in the mock monopoly board I posted, this has been true for decades, it used to just be known by just a minority, similiar to zerhedgers and the Global economy, but now it is known by the masses and they have had enough.

Unfortunately a lot of politicians in Ireland get elected for what they do for their local constituencies also, not their national policies nevermind global ones, as well as the family name of course. Up till now votes have been largely inherited, if the father was elected a TD and then retires his son will get all of his votes if he runs for election regardless of anything else, especially if he was in FF, that those lines have been cut for the first time since the foundation of the state sends a huge message ,thats the point I was making regardless of why they have been cut.

Edit to add, FG are just FF light, they are only not corrupt as they have not been in power as much, Europe will tell them to bend over and they will take it up the Ass, this election will not change that so all you people on here that expect a radical change are going to be bitterly disappointed.

Sat, 02/26/2011 - 23:45 | 1000993 Lord Welligton
Lord Welligton's picture

Generally speaking I agree with you.

Except for this.

"the bank bailout paid for by the Globalists"

1. I didn't say that.

2. They don't pay.

3. They create money as debt. Out of thin air.

Sat, 02/26/2011 - 22:33 | 1000822 Ahmeexnal
Ahmeexnal's picture

A black swan is about to come from the confines of the earth: the Falklands archipelago.

Riots are about to break out in Argentina. And just like the generales did back in '82 to galvanize support from their people, so to will widow Kirchner find that the only way to distract a hungry mob is a war.

Chile will back Argentina this time. So will Venezuela.

England does not have the resources to win a conventional war.

Mushrooms in the horizon.

 

2009 Argentina, Third highest inflation behind Congo and Venezuela:

http://edant.clarin.com/diario/2010/01/03/elpais/p-02112194.htm

2010 Argentina, Second highest inflation behind Venezuela:

http://www.elcato.org/en-inflacion-argentina-es-medalla-de-plata-global

 

 

 

Sun, 02/27/2011 - 15:18 | 1001900 Canucklehead
Canucklehead's picture

The only reason Argentina would attempt an invasion of the Falkland Islands is so they can lose quickly and throw themselves at the mercy of the British.  Maybe, that way, the British could instill some self-discipline in the "Argies".

Sun, 02/27/2011 - 15:56 | 1001979 Cpl Hicks
Cpl Hicks's picture

As much as I would enjoy watching another glorious little war (with the added benefit of a large flat screen HDTV here at home and more cameras on scene) the 'mercy' you're talking about is money and that and self-discipline are two things the Brits don't appear to have in sufficient quantity to be sending south of the equator to the Argies.

Sun, 02/27/2011 - 17:40 | 1002174 DoChenRollingBearing
DoChenRollingBearing's picture

@ Ahmeexnal,

I will keep my eyes open on what filthy widow Kirchner may try to pull.

One point you are wrong on IMO.  Chile would not support Argentina.  Might instead take the opportunity to CONQUER Argentina.

Sat, 02/26/2011 - 22:40 | 1000848 Atomizer
Atomizer's picture

The Lisbon Treaty's Social Side  Video 

The 'Treaty of Lisbon' timelime 

Centre for the Law for External EU Relations

 

Full document and new reforms

http://europa.eu/lisbon_treaty/index_en.htm 

This is how a new Union is created. Take heed & learn.  One day, this will be knocking on your door. 


5 steps of denial

Sat, 02/26/2011 - 23:57 | 1001010 Michael
Michael's picture

We don't need no stinking treaties.

Sat, 02/26/2011 - 22:46 | 1000858 essence
essence's picture

Why do folks on the western side of the Atlantic rejoice that someone, somewhere else 'might' be taking on the banksters?

Could it be that they themselves don't wish to undergo the hardship that saying FU to the banksters entails?

Saying FU probably means .... no more loans.
How many of you out there are prepared to live without credit?

Maybe the Irish are the vanguard (other than isolated,smallish Iceland).

That doesn't change the fact that this fight is coming to a neighborhood near you.
Will you have the balls to just say no to the banksters and what they offer.
In the U.S. ... that means no more borrowing. No deficits.

Think for a moment exactly what 'no deficits' means.

I'm game ..... by I can't successfully fight the system without you.

 

 

Sat, 02/26/2011 - 23:00 | 1000889 Dantzler
Dantzler's picture

I'm game.

It'll be a tough one for us yanks though.

Living without credit in the leverage sense takes practice as a family (or individual.) We've mostly eliminated credit, but it is hard not to accept 1% cash back on expenses from my credit union card when my savings account earns 1/4% and we avoid finance charges. In other words we could go all cash, but are whoring ourselves for those extra 75 basis points thanks to the bernanke. Still feels dirty knowing visa is skimming their cut of every transaction. It adds up and represents collectively billions annually I'm sure. e.g. see: SNAP & JPM

Once we retire our tarp-bank mortgage, we can avoid the TBTF leaches entirely.

It's the debt that has been pledged in my name and without my consent that really concerns me.

Sun, 02/27/2011 - 00:01 | 1001013 Michael
Michael's picture

Easy fix for all unsecured debt.

Universal Bankruptcy Act of 2011.

Sun, 02/27/2011 - 00:34 | 1001053 Dantzler
Dantzler's picture

pardon?

the goog returns:

http://www.deadline.com/2011/02/with-arnold-schwarzenegger-back-to-acting-suitors-circle-terminator/

as the top search result for "Universal Bankruptcy Act of 2011"

Sun, 02/27/2011 - 00:53 | 1001085 OldPhart
OldPhart's picture

LOL.  Maybe goggle knows something about the latest movie?

Sun, 02/27/2011 - 00:52 | 1001087 OldPhart
OldPhart's picture

LOL.  Maybe goggle knows something about the latest movie?

Sat, 02/26/2011 - 23:04 | 1000897 Atomizer
Atomizer's picture

Not picking on you, just a question.. OK?

So how will the Penis Project aka Venus Project fund itself? Will unicorns and rainbows bring money to the poverty stricken serfs?

http://www.thevenusproject.com/

I lost all my baby teeth decades ago, the toothfairy no longer visits me. Lets discuss your Wanta Plan vision.

Sat, 02/26/2011 - 23:22 | 1000954 Lord Welligton
Lord Welligton's picture

"Think for a moment exactly what 'no deficits' means."

I have thought about it.

It means not borrowing from a loan shark.

Now, you and I as individuals can't do that.

But when you get you head out of your "money is always debt" arse you will realise that a "State" is capable of providing money that is NOT debt and does NOT carry interest.

Do you understand?

 

Sun, 02/27/2011 - 00:13 | 1001027 Atomizer
Atomizer's picture

Oh bloody hell!! Who prints your money & what investment backs your loan to print money @ zero interest? Lets play a game of prisoners dilemma for a second. Shall we? My stash is in a corn field under a carbon tax cow patty. You pay the tax first, then I'll tell you were the loot is. LOL

Sun, 02/27/2011 - 01:21 | 1001124 lincolnsteffens
lincolnsteffens's picture

I'm with you. Just paid off the last debt payment. If I want anything else I'll either pay for it myself or will do without. I have credit cards but only use them to buy what I could pay cash for. Then I get cash dividend back when I clear the balance by the due date. I suppose I'm still supporting the bank but to a small degree, not like so many people that pay usury rates on a never ending balance. Besides I got rid of Citi Cards and switched to TD bank. That's TD for Toronto Dominion Banknorth. When I can find someone who will take payment with a sterling spoon I'll use that for currency.

Sun, 02/27/2011 - 08:00 | 1001424 Moe Howard
Moe Howard's picture

No credit here. Cut my ties to the banksters a while ago.

Sat, 02/26/2011 - 22:53 | 1000875 prophet
prophet's picture

Reading way too much into this.  Voters simply "throwing the bums out", societies will move from one ponzi to the next and the ruling class will continue gaming all governance. 

Sat, 02/26/2011 - 23:02 | 1000894 Lord Welligton
Lord Welligton's picture

"societies willmove from one ponzi to the next and the ruling class will continue gaming all governance."

Exactly.

And now we have National Television and University Professors telling us it is a good thing.

So it is a good thing. No?

 

 

Sat, 02/26/2011 - 23:03 | 1000895 keep the bastar...
keep the bastards honest's picture

Time to call on the Diaspora for funding

Time Ireland fought back and won. In the 1600's the invading english slaughterd 1/3 of them sold 1/3 for lifetime and progeny lifetimes slavery to (moslty illiterate)Americans from New England to the south and  to their off-shore plantations, men, women and kiddies. Then the rest since then, banned  language, restricted edcation,  the orhestrated famines, the relegatiing of irish to less than human in  Englisih law even itn the 1880's... this is still the same battle.

Establish a fund Ireland.

And get the best tactitions onto this. Supposed to  70 million diaspora. Better than 4.5m in Ireland.

 

Sat, 02/26/2011 - 23:06 | 1000906 Lord Welligton
Lord Welligton's picture

Grow up.

 

Sat, 02/26/2011 - 23:04 | 1000899 barliman
barliman's picture

 

'A European diplomat, from a large eurozone country, told The Sunday Telegraph that "the more the Irish make a big deal about renegotiation in public, the more attitudes will harden".

"It is not even take it or leave it. It's done. Ireland's only role in this now is to implement the programme agreed with the EU, IMF and European Central Bank. Irish voters are not a party in this process, whatever they have been told," said the diplomat.'

 

Feckin' amazing how brave a diplomat will be when quoted anonymously. I have much more faith in the observation,

"We have a hostage, it is called the euro,"

SHOOT the hostage!

 

barliman

Sat, 02/26/2011 - 23:08 | 1000914 Lord Welligton
Lord Welligton's picture

"SHOOT the hostage!"

Exactly.

Now the new Government won't do that. They are Euro Federalists.

The hostage, however, remains.

It is not Ireland that holds it.

Others do.

Kill it.

Kill it now.

Sat, 02/26/2011 - 23:27 | 1000963 Atomizer
Atomizer's picture

Your half right, Ireland is a host of many countries under the EU law. Brussels is the the parasite. Why do you think that during a crisis, fillacio is given to IMF, World Bank and BIS?

Sat, 02/26/2011 - 23:21 | 1000949 themosmitsos
themosmitsos's picture

They wont drop the €€. This is just Anglo-American, & haters' fancy. But, road'll be rocky. You know what'll help the Euro, the fact that the USD sucks donkeyballs MORE.

Sat, 02/26/2011 - 23:28 | 1000966 Lord Welligton
Lord Welligton's picture

"fact that the USD sucks donkeyballs MORE"

Excuse me.

Did you finish your education at what you call third grade?

Here's one.

What is money?

 

Sat, 02/26/2011 - 23:37 | 1000980 Misean
Misean's picture

It's the stuff the magical alchemist Benny B. conjures up at his computer terminal.

Sat, 02/26/2011 - 23:30 | 1000959 THE DORK OF CORK
THE DORK OF CORK's picture

The first duty of FG/ Labour is to save Bank of Ireland - to hell with that dirty whore Hibernia - shes a fucking trollop - sleeping with Norse , Norman , Saxon , Spanish ,French, German , Dutch , Polish................................

She cannot expect any respect from her transient lovers  , can she ?

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