This page has been archived and commenting is disabled.
Irish Member of Parliament Foresaw The Truth: "We Are Screwed As A Country Because Of The Wrongdoing Of Others"
A year ago Irish Green Party politician Paul Nicholas Gogarty told Irish Labor Party TD "With all due respect, in the most unparliamentary language; Fuck you, Deputy Stagg, fuck you!... We Are Screwed As A Country Because Of The Wrongdoing Of Others." It took a year for Gogarty to be proven correct. Now that the "others" have been identified as virtually every UK and German bank, not to mention every insolvent financial institution in the world, and of course, the Fed's banking buddies, one wonders: just how will Ireland respond? Also, when will America finally see one of its pathetic excuses for representatives finally do the right thing and actually speak the truth. InTrade over/under: never.
h/t Karl Denninger
»
- 17985 reads
- Printer-friendly version
- Send to friend
- advertisements -
Ok, Ireland old news and Portugal is not yet new news; so what's going on in China?
They seem to be experiencing growth problems.
http://noir.bloomberg.com/apps/news?pid=20601089&sid=akFREYdw4W0Q
They better listen to Uncle Ben, after all "Ben Knows Best!"
The beauty of the information age is that people don't know they are being screwed until it is too late. Thank God Adolf had no access to what we have today.
BTW - Economy really chugging along, buddy of mine who works at one of the big Vegas Casino's told me today that their occupancy rates have fallen to around 45%! Apparently flights in and out of Vegas to f**king expensive, plus now you get a free molesting at both ends thanks to the TSA.
Vegas was doomed anyway. With online gambling and the rise of better and better Tribal casinos it was doomed. Why drive or fly to another state when a person can get their gamble on locally?
I like vegas but the prospect of getting groped at the airport terminal is the final straw for me. I have a nice local casino so I am not missing anything. The last time I was there the service sucked anyway.
Nice job Headless, you said what I was thinking and more!
Harry, you are only speaking for the zombified uneducated in the States. In Hibernia, pubs are filled with political talk instead of brainless sports banter. The Irish are very informed, and so, could get very outraged.
awesome
Correct me if I'm wrong but doesn't Dr. Ron Paul routinely speak the truth? It's not like he's a Johny Come Lately to attacking the Fed, currency devaluation, empire collapse, and runaway spending. Or were we excluding him and asking for better then one out of 535?
Oh cut the political whining crap. You people (hey wuddya mean "you people"?) have been enjoying the free ride. Uhm, it's not really free. Sorry. Whether you suck it up or break it up, that's your choice.
This would make me all hot-n-bothered if he peppered them with tar and dumped feathers on them.
Harry is obviously a full-fledged masochist.
Perhaps an anglophile too.
I say that in honor of my Irish friends.
I was a bad night, but, Ireland, at least they don't find half your parliamentarians choked out with rope wearing female underwear at some point in your their political careers.
But - let this be a lesson. Bankers giving them their marching orders for hundreds of years and installing cameras on every block in London will do that.
Not a masochist but perhaps the opposite.
He reminds me of O'Brien from Orwell's 1984
http://en.wikipedia.org/wiki/O%27Brien_(Nineteen_Eighty-Four)
"Always, Winston, at every moment, there will be the thrill of victory, the sensation of trampling on an enemy who is helpless. If you want a picture of the future, imagine a boot stamping on a human face — forever."
Replace 'thrill of victory' with 'bubbles', 'a boot' with 'my comments' and 'a human face' with 'constructive ZH threads'.
re: http://www.zerohedge.com/article/irish-member-parliament-foresaw-truth-w... ...Ireland fought neither in WW1 nor WW2...not quite under the thumb,
and Ireland, still, since 1846-1849 potatoe famine has a sure comprehension of the 'enclosure movement' and 'Capitalism' meant for THEM...in the South... the Celtics as against the North
Boston, New York, Chicago, the firemen, the police, the laborers 'strong back' 'weak mind...' the IRA war never stopped, you see, indeed there's more 'sleeper-participants' in the American Cities than Southern Ireland...
Ireland is DIFFERENT...indeed, the Icelandics and Faroese were recently found to have mostly Celtic Blood, not the language-implied Norse blood at all! Iceland=Ireland at the deepest unconscious pre-disposition...
Do not underestimate,the USA/British 'sleeper' populations....
...blood in the streets?
....fishing grounds war with Britain 1975
....OIL Companies have acoustically sounded the entire seabeds around Iceland, Faroes, and Ireland (NorthWest)
Oh yes, INDEED, there's oil at water depths less than 5000 feet - well within technology...
China Card?..holding 2 trillion USA dollars, gonna be some friendships...
Do you seriously NOT understand that any country that puts on the Rothschild debt chain of a IMF "bailout" package is indeed screwed for generations? Then you must surely equate 'Dancing With the Stars' being on the tele and $5 footlongs as the good life, because the IMF, WorldBank & BIS equal slavery. And get ready friend-o, it's coming for the U.S. too.
Probably not any more than they were before...Most Asian countries who took IMF bailouts (if you want to call it that) back in the '90's are doing pretty well now. It is just another puff in the sands of time.
Part of the problem is just that this isn't an IMF bailout: like the Greek "rescue", it's an EU Special.
You got that right. When will humans stop proving they are insane? When will humans notice that every other sucker who has accepted fiat, fake, fraud, fiction, fantasy toilet-paper debt currency as a loan has become entangled, ensnarled and enslaved to the predator class who produce NOTHING but misery, poverty and slavery wherever they go... century after century after century? Humans are so stupid.
Unparliamentary language? He should have went all the way and used an unparliamentary kick in the balls.
Sadly Deputy Gogarty has feet of clay; in fact everything up to at least the neck is clay, I'd say. His Green party has been propping up the Fianna Fáil-led government and its save-the-banks-at-all-costs strategy, while indulging in standard Green wind-farming follies.
Warning: What follows is illogical and demonstrates a complete lack of underestanding. Thus, I await anyone with both the time and willingness to point out the error of my ways.
What Doom and Gloomers such as myself have had trouble accepting is that the international debt Ponzi scheme has one more iteration, which we have now put into practice.
Debt has always been valued as the NPV of a string of payments which include both interest and principal, plus a premium for the risk involved in receiving both in due time. With the amount of debt now hobbling the world, it is becoming increasingly apparent that the debt will never, indeed can never, be repaid (except via infinite money printing). Nothing new or novel there.
This new iteration of the debt Ponzi, however, accepts the fact that the principal will never be repaid, and the concern is now just over the ability to service the interest. If an entity can pay the interest owed, no problem. Short term debt can be rolled over, since those who hold a maturing instrument might well be enticed to take the dip again. As for longer term debt, anyone who purchases bonds will be bonused and maybe even retired by the time the principle is due, so again, no problem.
Sovereign governments are at the forefront of this new iteration, as it is accepted that all countries will last forever (defined as the lifespan of the majority of those now breathing air), and will always be able to tax or print just enough to cover debt tax service.
Many who quite rightfully and quite logically fear monetary inflation may need to adjust and realize that CB’s need only print enough to cover any shortfalls in interest payments. Nobody expects them to repay principal, and either short term debt will be rolled or long term debt will be someone else’s problem. Eventually, of course, it will all hit the fan, but all now alive will be dead and the hyperinflation or default will be a concern for those yet to be born. A dead man cannot be punished. Life ain't fair.
Enough people who play the game either know and accept this, or subconsciously know it is true. Thus, this majority overrules the minority of folks who know Ponzi's cannot last.
How long can the Last Iteration continue? Ask the government of Japan, where an increase in market rates to the levels of 1990 would consume 100% of government revenues and make interest service impossible except through default or money printing.
In the meantime, better just to shrug, pop open a beer, and watch the game.
Spot on. The ability of Japan to carry on with over 200% GDP debt should cool down some angry bears here. USA is nowhere near that level and before you scream DOMESTIC BUYERS OF DEBT lemme just ask what else is China gonna friggin buy with all the surplus dollars..ah ok, so no different than Japan after all.
Yup, all roads lead to hyperinflation.
What is most important, is that "the next" system be a pure, unadulterated gold standard with zero forms of fiat, fake, fraud, fiction, fantasy or paper-receipts or promises or substitutes AND zero "monetary authorities" of any form whatsoever.
The "value chain" must never be broken. From producer of real, physical goods to exchange of those real, physical goods for other real, physical goods, NO form of non-value (not real, physical, valuable good) must occur in the process. This is why forever more humans must exchange the goods they produce for gold, silver, platinum, palladium, [other real, physical good]... then later exchange that intermediary real, physical value for other goods.
No more fiat.
No more fake.
No more fraud.
No more fiction.
No more fantasy.
No more fractional reserve practices.
Time to get real, and stay real.
I have suspected this was part of the plan ever since, many months ago, ING announced an "indefinite term" mortgage (or words to that effect). "Just pay interest, don't bother yourself over the principal. We'll hold the title forever for you!".
However, I also believe the oligarchs are now doing an "extend-and-pretend" just long enough to bring down the final curtain of a 50-year "endgame" plan to subjugate the planet under a World Government. I expect their end date to be 2011 or 2012 ... probably on an auspicious (to them) date like 11-11-11 or 12-21-12. Many paths track back to a commencement of this 50-year plan in 1961 or 1962, though the financial subjugation of the US goes back to the Jekyll Island meeting in 1910.
Interesting "milestone" events at the 10-year marks from 1961 include:
1971: Nixon closes the gold window.
1981: Gulf Cooperation Council and Organisation of Eastern Caribbean States created. First recognised AIDS case. Israel attacks Iraq and Lebanon. (None of these were particularly momentous, though they do mark strategic milestones in regional consolidation, population biowarfare and escalating Middle East tensions).
1991: Gulf War I, 'Desert Storm' invasion of Iraq
2001: 9-11 followed by, within 4 weeks, invasion of Afghanistan
2011: ??
Between now and the curtain date, I expect them to "bail out" many more European countries -- ie. transfer ownership of assets from middle class to banks/IMF to render Europe as bankrupt as the US is already, in preparation for world government under martial law (they'll call it "peacekeeping units") to ensure "civil order, international peace and joyous prosperity".
Of course, I could be way off. <adjusts tinfoil hat>
Well, the scheme ends when:
-people at the bottom who yield their wealth against the USD/Euro... to give value to those currencies start to reject them. It wont happen. People at the bottom of the world are too weak.
-people at the bottom who yield their wealth have simply no longer enough to meet the western world demand. At this point, it is game over.
My calculations gave (done in 2008): at least 50 years to become an issue.
Extorting the weak, farming the poor works. Until the critical point is reached: you cant draw blood from a stone.
Known for millenia.
There's a political roadblock. The EU or Eurozone as a whole might have enough wealth to keep carrying its debt burden (public and private), but the most indebted member states can't support their own (public + private) debts without help. So before too long there will almost certainly have to be at least one of 1) vastly increased fiscal transfers between EU (or Eurozone) member states to enable the PIIGS (and possibly others) to stagger on, 2) stealthy fiscal transfers via serious QE, 3) another very large bank bailout in the creditor countries or 4) defaults. This is where the unstoppable force of No More Lehmans meets the immovable object of popular revulsion. It's like the US' looming dilemma of bailing out or not bailing out the states, only worse. The present strategy of giving struggling debtor countries all-loan "bailouts" with no grants and no restructuring (and high interest rates!) is almost certainly just going to delay and worsen the moment of decision. Neither Ireland nor Greece looks very likely to manage the adjustments demanded of them. And even loan-only bailouts aren't very popular with voters either.
Everything will go on as 'normal' until ... it doesn't. Like 2000 thru Sept 2008 ... but 'different'
Like Robot pointed out, the PPT has learned how to work this from now on.
No 2008 on their watch again for sure.
Ireland has a population of not quite 4.5 million People.
4.5 million People,that is less than the population of Sydney,Australia.
Ireland no doubt is a welcome tax haven for such multinationals as Google,
who minimize corporate tax to 2.4% with a share-price of $600
and a price earnings Ratio of about 25,due to it's "tax free Earnings".
Once Google loses that "tax haven status" no doubt Google shares will trade more like
240 USD, unless we are still back in the dot-com bubble of 2000.
Ireland is a relatively small country of 4.5 million People, but I guess it is a welcome distraction from the real problems facing the US economy. Tax Revenue in the US has collapsed and US National debt has spiked to 13.7 trillion US dollars
with a US Gross Debt to GDP Ratio of a record 94% and climbing.
Ireland and the plight of the 4.5million rebellious Irish come as a welcome distraction when faced with such scary monsters and big issue at home in the US ,where these problems all started.
Ireland or Europe are not the real issue here.
Google's 2.4% tax rate and the ballooning 13.7 trillion US National Debt:
http://www.usdebtclock.org/
For Harry - I've been mulling over this post for the past few days but your inane comments on this article solidified it for me - do you believe in the tooth fairy?
http://arkadaba.blogspot.com/2010/11/tooth-fairy-and-economic-realities.html
the problem is that most don't or can't pay attention for long enough to recognize that there are still fundamental problems. Since it's essentially slow motion now and not quick the disability remains unrecognized by many. How many people actually notice that their mate has gained weight...they see them every day and they look no different, but finally over the course of say a year that extra 50lbs finally gets acknowledged. It's the same thing here, the ruination has been turned into a long slow slog and people don't readily see it or more precisely they're more able to ignore it and pretend that it doesn't exist.
I actually had a friend claim that he thought things were getting better, that he believed that we had actually turned a corner. I acused him of not paying attention to everything going on around him. Nothing has changed except the velocity of the problem, which has slowed way down, but even that cannot be controlled forever.
This parliamentarian voted for the measure. Shows you the armtwisting going on to socialize bankers losses.
anyone telling those bankster owned assholes to fuck you gets an a+++++ in my book....
HA!
I was .01 from being stopped out on my eur/usd trade....
I'm killin it now.
Irish blokes are clearly not as brazin as their Grecian counterparts
Anyone remember this?
http://www.youtube.com/watch?v=mTCPj6G7044&feature=player_embedded
http://en.wikipedia.org/wiki/Paul_Gogarty ..... so what happened, next?
turns out the word 'fuck' was not on the 'prohibited list'....no sanction was imposed...Gogarty remains active and in Green Leadership, still....
Did anyone else notice there's about 4 people in the chambers, total, including the guy pushing the rubbish bin in the corner?
The elections over here in the States, so... you can pretty much assume that won't happen here for at least another 2 years.
"11:32 ECONOMIC COMMENTARY : According to RTE, Irish Greens are expected to make serious announcement. Source: RTE"
Does that mean they are going to tell everyone to feck orf again ?
Where's Father Jack Hackett when you need him ?
http://nsa19.casimages.com/img/2010/11/22/101122123639123601.jpg
The Green party in Ireland are leaving the coalition government. Their leader has called for a general election during late January.
http://www.rte.ie/news/2010/1122/politics.html
Democracy, bitchez!
Never a good idea to get the Celts mad...we rarely forgive and never forget.
Paul Gogarty will lose his seat in an expected election in January. In fact his whole green party will probbaly be wiped out as they have been part of the coalition government that made the decisions
Counter attack plan to IMF: Starve the Beast.
Withdraw your Money from Every Bank In Ireland and all TBTF;s
Buy Gold and Silver coins
Sell all Stocks, liquidate 401k
Short the US stock Market via sh,dog,qid
Arm yourselves
They are declaring war on you.
Bail out rally to commence in 4...3...2..1..
Green parties all over Europe are a collection of crypto communist monkey feces. Shouting "fuck you" as a proof of honesty and commitment; the only proof I get from this, is a complete lack of style in an effort to please the proles.
http://mises.org/books/bureaucracy.pdf
The first duty of a citizen of a democratic community is to educate himself and to acquire the knowledge needed for dealing with civic affairs.
It is a war of Public opinion will determine victory and defeat. The great historical conflict concerning the problem of society's economic organization cannot be dealt with like a quarrel between two businessmen concerning an amount of money; it cannot be solved by splitting the difference. Economic interventionism is a self-defeating policy. The individual measures that it applies do not achieve the results sought. They bring about a state of affairs.Against all this frenzy of agitation there is but one weapon available: reason. Just common sense is needed to prevent man from falling prey to illusory fantasies and empty catchwords.
As we know in the long run there is no unpopular Goverment. Seek those who are the people in words and deeds. Truly the Blessed are the peace keepers; and mine was nailed to a Cross for me.