Max Keiser Documentary On Irish Eco Hell

Tyler Durden's picture

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Long-John-Silver's picture

Crash JP Morgan, buy Silver

Azannoth's picture

Damn I feel good about bailing out of Ireland 1 year ago, I tell you that country stinks no matter what economic situation

And all the jokes about Irish are true :)

Holodomor2012's picture

There are still Irish living there?

gwar5's picture

Go Max. Max Keiser is a warrior.

Scottj88's picture

The mainstream "voice" is toxic to us all.  It is evident, but still we have people clueless.  We need to re-evaluate the philosophy of our lives.

http://thehardrightedge.com/lesson-in-humility/

Jack Donaghy's picture

RTE (State broadcaster) produced a documentary called FreeFall on how it all went tits up here... 

Available here http://www.rte.ie/tv/programmes/freefall.html and on YouTube. 

 

Long-John-Silver's picture

$44.05 Silver Bitchez!

Hedgetard55's picture

Did the dumb Micks not understand that adoption of the Euro meant giving up your sovereignty? They had enough warnings. So just pay up.

hbjork1's picture

Did the dumb Americans not understand that the election of playboy Bush to the Presidency of the US, expecially for 8 years was a potential problem creator?  First time, maybe, we needed to get to the center, but the second time?

McCain made a mistake selecting Palin because the polls said he had to placate our coo-coo (dumb) American extreme right wing. 

But he has suffered. 

The Ruski Putin is right about one thing.  "Get a man who has suffered; he is worth two who haven't"

I am repeating but it it is worth a note that Sam Walton started with a leased store that he was forced out of.  He had two small children and a wife to support.  He has written that he didn't know what he was going to do.  It was the darkest time in his life.  As late as the early 80's his headquarters was an old buiding with a string of cubicals.  His was the big cubical on the end.  Sears, Montgomery Ward, Macy's, Marshall Field, Gimbel's and dozens of others were national retailers.

But who is now the largest?

Hungry beginnings can be a valuable asset.

 

 

PD Quig's picture

You aren't really so lame as to suggest that our problems can be blamed on eight years of GW Bush, are you?

Nah, I didn't think so. NOBODY could be that fucking ignorant.

Wait, wait, wait. Message just in from hundreds of lefty Internet sites. Yes people CAN be that fucking dumb if they are liberal / progressive / leftist / collectivist / statist.

So no worries. You have PLENTY of company...dumb fuck.

Bobbyrib's picture

I put all the blame on Barack HUSSEIN Obama.

Bobbyrib's picture

Junked for pointing out an error the US made. This site is somewhat of a right wing circle jerk lately.

Dr. Impossible's picture

G.W.Bush wasn't ELECTED....lets make that very clear!!!!

chartcruzer's picture

we have reached the point of financial anarchy in many developed countries principally caused by unsustainable total debt loads and regulatory capture.   Global financial oligarchies have become masters at sustaining an immoral if not criminal debt load to sustain their revenues.    Our markets are being utterly manipulated to the detriment of the people (conservative savers) and the long term health of the country.

Behind this scene are a set of financial instruments resembling neutron super bombs.   The current interest rate derivative load in (just) the US is > $150T.   If rates rise significantly (to the historic mean) in a short period (a year), the results can be,,,,,,,.

We are sitting atop a 1000 exa ton financial warhead that must be serviced by the ever shrinking, tax paying, middle class if the financial system is to survive.  

In the context of the way we (boomers) were raised, there is no normal anymore.  Not anywhere.   The US can not be "fixed" as economic growth is too weak, government/private debt too large, and global competition for increasingly scarce resources too intense.   We are in the eye of the storm, it is moving slowly, and it is strengthening every day.

Prepare. 

Still at economic defcon 3.

 

eatthebanksters's picture

So now I know why Timmy is sweating so much and why Timmy and Obama are running around swearing to anyone who will listen that everything is fine...and now I know Bernanke will print until oblivion.  Growth is dead in the US except for financial companies and the only reason they are growing is because of socialized debt and market manipulation buy the government, both of which someday will cease to have any positive effect on the situation...are they just kicking the can down the road or do they naively think they can turn things around?

ElvisDog's picture

I think the overarching motivation of all Presidents and Treasury secretarys is to keep the party going until they're out of office. Presidents have short shelf lives - 8 years at most. From a selfish point of view, the more problems Obama can push off until 2016 the better. That being said, I think there are two alternatives. 1) Obama really is clueless and is believing the stories told to him that things will get better on their own or (2) Just kick the can down the road and hope it holds together until 2016.

US Uncut's picture

Correct me if I am wrong, but our system of government was set up NOT just to prevent a lifelong dictator from setting up office but also to spread management and control throughout the system. So as such, it should not matter a whole lot that a president is there for 4 or 8 years. AS LONG AS THE REST OF THE SYSTEM IS WORKING.

But it isn't working. The rest of the system is JUST as broken. Congress is not doing it's job. The division in this country has paralyzed us from making any real decisions. Lobbyists have far too much power and influence.

The entire system is broken, not just the presidency. 

Seer's picture

I'd been saying for years the the problem was the System.  And while I agree that it's broken, I disagree that under even the most optimal conditions it was always doomed to fail.  As should be quite clear to folks by now, growth is dead (something else that I've been relentlessly stating for years).  The System is predicated on growth; doesn't matter if we had saints in all areas, as long as the model is that of growth on a finite planet it was bound to reach overshoot and collapse.

ZFiNX's picture

Erin go bragh!

gwar5's picture

We're all Irish now. 

I've never stepped inside the foyer of any of the private companies Goldman Sachs or JPM or Citi or AIG. Yet, I'm expected to pay taxes to bail them all out over the next 20 years to pay for their bad bets.

Dr. Engali's picture

How long are people going to continue to roll over and take it up the arse?

Shell Game's picture

That's the $1,776 question..

Jack Donaghy's picture

HAng on! He's interviewing a group called We Are Change Dublin? Those guys are nuts! The lizard people types.

Chuck Yeager's picture

Lizard People is a bit extreme.

I can now divide those that are aware into two types.  The line is razor clear.

Both see change coming.  Both are aware of our times. 

The first type, they buy safer and bigger locks to protect their wealth.  Their fear turns them inward.  It's all about them.

Ah, but the second type, they are on a higher plane.  They recognize that a world without justice and fairness would hardly be a place to live.  They try to change things, to make them better.  They see others as a part of themselves, and inso doing, DO make change.

It's sad kind of, to see the same partisanship that this forum makes light of creep into this place.

So if you don't see yourself as powerful, if you have ceeded your right to effect the world around you, that's OK, it is your choice to make.  But please, STFU about those that haven't given up yet.

redpill's picture

There will always be Dagny Taggerts that refuse to see they can't win by playing by their rules.

Protesting is meaningless if you turn around and get a car loan, use your balance-carrying credit card to buy your mocha latte, and keep your meager savings in a TBTF bank account.  Changing those habits and realities is much harder than protesting and getting angry.

nevadan's picture

Debtors Prison?  Wow, they have Paddy by the balls.

Spitzer's picture

Its the same in Canada.

If you mail in your keys, they will want your passport.

US Uncut's picture

And starting to happen here with more and more stories of people being carted off to jail for small unpaid bills, never mind a mortgage. 

walcott's picture

35k in negative equity? That's it? America what 6-10 million negative equity.

FEDbuster's picture

Smaller country, but you are right.  The numbers are growing as the values continue to free fall.  The death spiral in real estate continues to suck in once somewhat immune areas.  Here in AZ you wouldn't think it could get any worse (down 50-60% from the peak in 06), but the values continue to fall.  As they values fall, more people throw in the towel, keeping the death spiral going.  Local governments whom rely on property tax revenues are in panic mode.  They are raising tax rates to try and maintain their status quo, but people are fighting back.  There is a strong movement in AZ for a Prop 13 like measure to cap tax rates.  If states, counties and cities could print money, they would.  All they can do is borrow (limited) and steal to survive.  Real estate is a sitting duck for the parasites to feast on, but the corpse is starting to dry up and is turning to dust.  We already have a 10% sales tax, next up raising the income tax, but then they will scare the retirees away.

baby_BLYTHE's picture

Love Max + Stacy :)

Verstehen's picture

Imagine there are 2 people on earth. People number 1 is taking a loan from People number 2. People number 2 is "creating" the money. People number 1 has to pay interest but the money for this interest does not exist! This system is a fraud. It needs an ever expanding number of people (rising populations) who take debt. This cycle is now broken because the American "consumer" refuses to take on more debt. In Japan the population is shrinking and will end in a climax. The states are now taking the position of the consumer who are unable to pile up more debt. This system is doomed and surreal.

centerline's picture

Thats the underlying math.  P=P+I.  As long as I>zero, then only the time lag between money creation and money destruction keeps too many defaults at bay and inflation becomes a requirement of the ponzi scheme.  But when inflation can no longer keep up (e.g. debt saturation point reached), the ponzi unwinds.  Everything else is just financial noise.  The big question is, how does it unwind?  No matter what, I doubt it is going to be painless or in the best interest of the middle class.

unununium's picture

The whole game is to be at the center of the singularity, by being TBTF, and getting bailed out.

unununium's picture

This helped me resist the urge to sell any PM's today.

GoatETF's picture

will end in a climax

Thankfully, cigarette anyone?

belsebub's picture

Anyone who has the link to Inside Job?

alien-IQ's picture

Rent it or Buy it. It's available on DVD. Support this kind of film making and spend the $3 to rent it so the filmmakers can make some money and keep doing this kind of Documentary work. This is not a $200 million dollar Hollywood blockbuster...every dollar helps.

Support Indie Film!

Id fight Gandhi's picture

Cheap and free is Always best.

Support? Matt Damon made a buck from this plus all the awards.

uno's picture

thanks Max, good video, please do more.

assumptionblindness's picture

It is very interesting to see how the Irish people are seemingly just as accepting of their enslavement as the sheeple are here in America.  

If Andrew Jackson were President today then he would have issued a Finacipation Proclamation - prohibition against private debts being transferred to the public/taxpayers.  [pouring another shot of whiskey]   Indeed, the financial world is nothing more than a den of vipers and thieves.

sbenard's picture

Now that's an idea for another Constitutional Amendment -- a prohibition of transference of private debt into public debt. Let 'me FAIL!

Chuck Yeager's picture

I think you meant to say 'let 'em fail', but the face that you said 'let ME fail' is a nice slip.

 

Dick Darlington's picture

Did I just hear another EUR 65 billion bail out for the insurance company will be on the agenda next? My hope is on Finland to stop this madness.

chinaguy's picture

Yup, just substitute "Ireland" for "America" & there we are.........