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An Irishman Speaks His Mind

Tyler Durden's picture




 

Somehow we think the distinguished Irish gentleman will not make it on CNBC: in under two minutes he explains everything there is to know about modern kleptocratic ponzinomics.

 

 

h/t Johnny

 

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Tue, 02/15/2011 - 14:42 | 794212 Clapham Junction
Clapham Junction's picture

(d)

Thu, 12/09/2010 - 19:16 | 794292 Fred C Dobbs
Fred C Dobbs's picture

Why would the Irish allow themselves to be subjugated to German, English and other bankers around the world for a generation or two after all they have been through?  

It looks like Sinn Fein's time may be coming.  

Thu, 12/09/2010 - 19:28 | 794314 gwar5
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He's got the problem identified alright, fuck's sake.

Thu, 12/09/2010 - 19:39 | 794334 TruthInSunshine
TruthInSunshine's picture

The European Union isn't going to survive.

This debt crisis has really just begun. Look at how much credit the ECB was drawing from the Federal Reserve back in 2008-2009.

It's fascinating to think of what type of system will replace the EU, and it gives me chills to consider that this really does open the door for a broader...umm...'union,' so to speak.

They certaintly won't break historic precedent and let the next crisis go to waste.

Thu, 12/09/2010 - 23:13 | 794720 UpShotKnotHoleGrable
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correct sir, no it is not. just agreeing.

Thu, 12/09/2010 - 19:41 | 794338 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Wankin' Fuckin' Bankers:

Its like has happened all over the western world; greed, greed, greed, and more greed, and cheap monie.  Its a tragedy what happened to the Tiger.  I'd say we had four causes.  We had a stupid fuckin' government with a regulator that was asleep at the wheel.  We had very decietful, conieving and corrupt developers, and above all, Wankin' Fuckin' Bankers.

For the win!

Thu, 12/09/2010 - 20:56 | 794402 RoRoTrader
RoRoTrader's picture

Lennon,

Looks terrific at first take, but before you jump into the deep end of the pool did you ask about the Irishman Who Speaks His Mind?

pENIS rYAN is a former entertainer turned opportunistic stock broker turned bigger opprtunistic promoter, mutimillionaire who is nothing more than a publicity whore and does not give a fuck for the working class unless the working class can serve the same purpose as it serves the bankers ryan shits all over.........who best bet says are also some of his closest and dearest friends.........and prrobably getting a big fucking laugh at yours and other comments on this article.

This play is not about the truth. It is about using the truth to get publicity.

Zero Hedge got punked on this shit.

 

Thu, 12/09/2010 - 20:04 | 794375 razorthin
razorthin's picture

priceless

Thu, 12/09/2010 - 22:25 | 794623 RoRoTrader
RoRoTrader's picture

only if your social iq is between 75 and 95.

Thu, 12/09/2010 - 20:11 | 794387 Bastiat
Bastiat's picture

Speaking of Wankin' Fuckin' Bankers:

From the Bond Buyer, Dec 9:

Washingon -- the Justice Department Thursday filed a six-count indictment against three former UBS bankers . . . . for particiapting in fraud schemes and conspiracies in connnection with the bidding of investment and other contracts for municipal bonds from as early as 2001 and 2006.

They might have more accurately have said "investment contracts and derivatives linked to municipal bonds or bond proceeds."  This investigation has already hit BofA, JPM, and more.  It turns out one of the accused rolled over -- only the first gets any consideration from the prosecutors.  There are some large class action suits going on around this as well. Bonds have lots of documents--typically a 4" bound transcript for each issue. Then there are tall the accounting records showing the cashflows associated with the investments.   Expensive to defend.

And no this is not some recent cocked up diversion; the investigation has been going on for years.  I believe the insider who was first pressed has been on the prosecutors side for years.  Ouch. Sux to be a Wankin' Banker, sometimes, eh?

Thu, 12/09/2010 - 20:35 | 794420 docj
docj's picture

Oi laddie, tell us what you really think.  No need to hold back!

Awesome, this.

Thu, 12/09/2010 - 21:02 | 794468 virgilcaine
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Where were they all when the bubble was going strong?   All silent of course!  Wankers all. They believed their own BS.

Thu, 12/09/2010 - 21:04 | 794472 RoRoTrader
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Second that statement.

Thu, 12/09/2010 - 21:38 | 794526 virgilcaine
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The human psyche never changes, its goes from greed , euphoria to denial, fear, anger, acceptance.

What's amazing really is the level of anger portrayed in the riots and we are at a  high in the stock market! Peak optimism.  This indeed could get ugly.

 

The mkt swings are going to become more volatile,  it represents only bankers/hft short term interests  now, there is little public involvement in it to balance it out.  

Thu, 12/09/2010 - 22:27 | 794602 RoRoTrader
RoRoTrader's picture

Yea, and the media is still refering to Charles and Cumhilla as the Highnesses.........as the plush bulletproof car drifting through the London neighborhoods to the evenings entertainment at the Palladium is being booted and pelted by the student turds who soon face the prospect of an American style education cost 3x over the current.

Didn't the Bernank mention that recently as a policy consideration?........dragging the population pulled up past highschool grade.

Shocking, just fucking shocking, old boy. After all, what is to become of us?

Thu, 12/09/2010 - 22:32 | 794634 MiningJunkie
MiningJunkie's picture

THIS, Tyler, is the absolute best clip I have EVER witnessed since I first began reading your material.

It is now my Ring Tone where he says "Wankin' Bankers!"

"Fuck off!"

Superb and I thank you.

Thu, 12/09/2010 - 22:55 | 794685 RoRoTrader
RoRoTrader's picture

hey dickhead,

fucking hilarious. you should ask dennis about the irish guys who bought nova scotia crystal from him if they feel that they got fucked by dennis when he sold the company to them just before it went bankrupt.

Thu, 12/09/2010 - 23:01 | 794697 RoRoTrader
RoRoTrader's picture

Here's a suggestion; maybe the title should be changed from Irishman Speaks His Mind to Irish Asshole Speaks Bullshit And Gets caught Trying To Pass It Off As Sincerity.

All of you fuckers lined up to buy that Irish asshole a drink can get in this line........and, the Irish have assholes too, just like everyone else.

 

Fri, 12/10/2010 - 05:01 | 795059 honestann
honestann's picture

- fiat money
- debt money
- fractional reserve practices

Anyone with even a teenie tiny bit of brain working should understand the world has been utterly destroyed by the above three scams.

Just what would any sane human expect to happen when you give a bunch of utterly craven predators-gone-wild the ability to create fiat, fake, fraud, fiction, fantasy money out of thin air at [near]-zero cost, then lend it to anyone they wish at whatever interest they wish (including themselves)?

I mean, really!  Why wouldn't such predators take the cash and bid up real, physical, valuable goods via futures contracts (which gives them another 20x leverage on top of the 20x to 1000x leverage they already have via fractional reserve scams)?  Why wouldn't such predators buy endless politicians in every government on earth, and have them jigger the system to enslave all mankind to bail them out when they make mistakes and generally do their bidding?

It is utterly impossible to have any kind of honesty, ethics, justice or individualism in the world when some group of folks who produce nothing whatsoever can lie, cheat, defraud, manipulate and enslave everyone else.  But that is precisely the fundamental nature of fractional reserve practices.

NO solution is possible until the world returns to the core, honest gold standard.  The value chain between producer and exchange must never be broken.  When the producer exchanges his goods for gold, both receive value for value.  When that person exchanges his gold for goods, both receive value for value.  No receipts, no paper, no way for predators-gone-wild to scam others.  This is why all trade must return to the real, physical, unleveraged, gold standard.  This also allows people to avoid manipulation by government, because exchange of real, physical goods leaves no paper trail (read: information trail).

Sure, people can still have accounts that hold physical gold for them, and people can still write checks and/or debt-card their account via plastic cards if they wish... as long as the bank or clearing-house who holds their gold always has 100% of the physical gold in its vault for which its account holders have credits.

End fiat.
End fake.
End fraud.
End fiction.
End fantasy.
End fractional reserve practices.

Convert all your paper into physical silver and gold.  Do it now.

Sat, 12/11/2010 - 04:29 | 798322 Buck Johnson
Buck Johnson's picture

He told the truth and wasn't that far off.

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