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Max Keiser Documentary On Irish Eco Hell - Part 2

Tyler Durden's picture




 

Max Keiser concludes his report about the Irish debt "carpetbombing" (perhaps carbombing would have been a more appropriate verb?) in the second part of this documentary on the Irish eco-hell presented below. First part can be found here.

 

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Tue, 04/19/2011 - 17:14 | 1185738 deaglecat
deaglecat's picture

Time to pay the piper bitchez

Tue, 04/19/2011 - 17:46 | 1185848 Oracle of Kypseli
Oracle of Kypseli's picture

Act now before is too late. You threw out the landowners once. What are you waiting for. Default default default.

It is that simple. Rise up and throw these cowards in jail. That is the right thing to do for you and your children.

Starting over feels great. Don't let them scare you that you can not get loans. Argentina has defaulted twice or more. Mexico and others have also defaulted more than once. Burn them. Start today

Tue, 04/19/2011 - 18:59 | 1186040 Hedgetard55
Hedgetard55's picture

Rather be in an Irish debtor's prison than an Obama re-education FEMA camp.

Tue, 04/19/2011 - 22:21 | 1186619 thedrickster
thedrickster's picture

Word.

Tue, 04/19/2011 - 17:22 | 1185762 ZFiNX
ZFiNX's picture

the IRA is wasting its time on protestants..oughta be going after these f***Ers

Tue, 04/19/2011 - 17:20 | 1185763 redpill
redpill's picture

Mmm half a Guinness with a shot of Jameson/Baileys dropped in.  Ssooo tasty.

Tue, 04/19/2011 - 17:46 | 1185838 Cow
Cow's picture

aka "Irish Car Bomb"

Tue, 04/19/2011 - 17:23 | 1185767 DNB-sore
DNB-sore's picture

clusterfucked

Tue, 04/19/2011 - 17:22 | 1185770 Newsboy
Newsboy's picture

ICE-LAND, ICE-LAND, ICE-LAND,... !

Tue, 04/19/2011 - 17:27 | 1185775 lynnybee
lynnybee's picture

....luv Max Keiser.   luv Stacey .   wouldn't it be fun to have that kind of reporting right here on American T.V. ?   

Tue, 04/19/2011 - 18:31 | 1185959 ElvisDog
ElvisDog's picture

You know where you get great news and interviews these days? Russian Times. Kind of ironic.

Wed, 04/20/2011 - 03:35 | 1187160 OldPhart
OldPhart's picture

I still remember Soviet Era news that was full of wild propaganda.  I also remember US Cold War era news that was full of wild propaganda. 

Somehow we bought into the US propaganda and carried it with us for another 30 years.

 

What a waste.

According the the Debt Clock, the taxpayer share of the national debt is north of $1,000,000.  And we WILL be forced to pay it, each individual, through overt taxation and covert taxation in the form of inflation.  (Preaching to the choir here, I know.)

On a plus side, I got a jury summons, this should be interesting.

Wed, 04/20/2011 - 07:17 | 1187353 Cleve Meater
Cleve Meater's picture

Stacey's sexy as hell in a librarian, bookwormish, slightly goofy sort of way... I'll take my econ lessons from her any day.

Tue, 04/19/2011 - 17:30 | 1185792 Mongo
Mongo's picture

Slavery... bitchez!

Tue, 04/19/2011 - 17:36 | 1185817 lynnybee
lynnybee's picture

I.M.F. / B.I.S. = criminal bankers.    We are being taken over by a gang of criminal banksters .   Ruination to follow.

Tue, 04/19/2011 - 17:42 | 1185820 virgilcaine
virgilcaine's picture

Follow Stacey on twitter.. luv that gal. Good job Max.

Tue, 04/19/2011 - 17:51 | 1185865 lynnybee
lynnybee's picture

thank you for the Stacey/twitter idea !    One time when Max was on the Alex Jones Show (sorry, cannot provide the exact youtube clip)  Alex really put Max on the hot seat & asked him when he was going to "man-up" & make some little Maxes with Stacey !    Max didn't have any good answer for Alex, either !

Tue, 04/19/2011 - 18:10 | 1185915 velobabe
velobabe's picture

well, here goes zerohedge soap opera. this has all the makin' for a royal something. these two, are the most beautiful human beings i have ever seen on the flat screen. honest, wholesome, damn good looking both of them. no, but really. max, that was faux collar, right?

Tue, 04/19/2011 - 17:47 | 1185846 PLove
PLove's picture

Ireland is only country in EU drinking fluoridated water.

Fluoridated water was used in concentration camps

and gulogs during WWII  to keep prisoners docile.

 

Tue, 04/19/2011 - 17:51 | 1185868 Id fight Gandhi
Id fight Gandhi's picture

Fluouride is effective for cavity prevention when topically applied. Teeth absorb it. But it's not safe to injest as they do with our water. Why do you think toothpaste says spit it out after brushing and call a poison control center if you swallow. Kids toothpaste doesn't have fluoride because of the danger.

Wed, 04/20/2011 - 07:59 | 1187443 Dr. Impossible
Dr. Impossible's picture

hers a simple test for you, get some litmus paper, akin to the the kind use to test pool water. line up a few samples, tap water, distilled, and well water, rain,...just try a few sample from different sources( make sure their from places you'd drink from). test each sample. next draw the water into your mouth, swish,15-30 seconds DON'T swallow, spit into another empty glass. Test again. I think this should be enough to scare the hell outa of you as you see the results

Wed, 04/20/2011 - 02:52 | 1187130 Oppressed In Ca...
Oppressed In California's picture

We must protect our precious bodily fluids!

- General Jack D. Ripper

Tue, 04/19/2011 - 17:50 | 1185858 Eireann go Brach
Eireann go Brach's picture

Do not doubt that the irish will fight back and take their country back in the not so distant future, the country is still in a period of shock and is only learning what is happening! Soon the IRA will make a come back and hang a few bankers from the lamposts. They will not just take this lying down after figthing for centuries for freedom and pride!

 

 

Tue, 04/19/2011 - 18:38 | 1185976 Aengrod
Aengrod's picture

Don't think so bro. You see most of the folks I have contact with are not really interested at whats going on, only to get some Euros pay mortgage or whatever else and move on. Those that are well aware whats TRULY going on are really few.

Tue, 04/19/2011 - 19:20 | 1186129 breezer1
breezer1's picture

all the fighters will be in australia and boston soon.

Tue, 04/19/2011 - 17:48 | 1185861 Handle with care
Handle with care's picture

One of the best lines was that Ireland wasn't bailed out.  The banks got bailed out by piling more debt on the Irish people.

 

Sums up the whole scheme everywhere really.

 

The people lose what little wealth and economic security they had and face multiple generations of impoverishment through servicing the government debts while the bankers get to stuff offshore the bonuses they made on the fraudulent profits they claimed during the bubble.

 

Tue, 04/19/2011 - 17:49 | 1185866 RichardENixon
RichardENixon's picture

The island it is silent now
But the ghosts still haunt the waves
And the torch lights up a famished man
Who fortune could not save

Did you work upon the railroad
Did you rid the streets of crime
Were your dollars from the white house
Were they from the five and dime

Did the old songs taunt or cheer you
And did they still make you cry
Did you count the months and years
Or did your teardrops quickly dry

Ah, no, says he, 'twas not to be
On a coffin ship I came here
And I never even got so far
That they could change my name

Thousands are sailing
Across the western ocean
To a land of opportunity
That some of them will never see
Fortune prevailing
Across the western ocean
Their bellies full
Their spirits free
They'll break the chains of poverty
And they'll dance

In manhattan's desert twilight
In the death of afternoon
We stepped hand in hand on broadway
Like the first man on the moon

And "the blackbird" broke the silence
As you whistled it so sweet
And in brendan behan's footsteps
I danced up and down the street

Then we said goodnight to broadway
Giving it our best regards
Tipped our hats to mister cohen
Dear old times square's favorite bard

Then we raised a glass to jfk
And a dozen more besides
When I got back to my empty room
I suppose I must have cried

Thousands are sailing
Again across the ocean
Where the hand of opportunity
Draws tickets in a lottery
Postcards we're mailing
Of sky-blue skies and oceans
From rooms the daylight never sees
Where lights don't glow on christmas trees
But we dance to the music
And we dance

Thousands are sailing
Across the western ocean
Where the hand of opportunity
Draws tickets in a lottery
Where e'er we go, we celebrate
The land that makes us refugees
From fear of priests with empty plates
From guilt and weeping effigies
And we dance

The Pogues "Thousands Are Sailing"
Tue, 04/19/2011 - 18:18 | 1185932 Seasmoke
Seasmoke's picture

im still very bullish on Irish bomb makers making a comeback

Tue, 04/19/2011 - 18:40 | 1185981 css1971
css1971's picture

Very successfully took out The City for a while, and almost got the PM too.

http://news.bbc.co.uk/onthisday/hi/dates/stories/april/24/newsid_2523000...

Remarkably simple to build a big bomb.

 

Math question cannot be longer than 2 characters but is currently 3 characters long.

WTF? -17 - 40 is -57

 

Tue, 04/19/2011 - 19:34 | 1186183 zen0
zen0's picture

Captcha goes full retard sometimes. Just be gentle and patient with it. Eventually it will realize you are Not AI and give you a simple.

 

See? Just by saying nice things about Captcha, I got a simple multiplication question.

Tue, 04/19/2011 - 20:25 | 1186322 M.B. Drapier
M.B. Drapier's picture

Well, you're in luck! IRA splinter groups have been very busy over the past week and a bit. They have ... let's see ... murdered a NI police officer (a Catholic), shut down the railway line from Dublin to Belfast (they always loved doing that), built a 225kg van bomb intended for a Northern Ireland town centre (which they mercifully failed to detonate), that kind of thing. Any sign of a campaign of violence against fractional-reserve banking or the EU's financial stability efforts? Oddly enough, no. They're likely to rob a bank at some point, just like the good old days, but strictly as a fundraising effort.

Tue, 04/19/2011 - 18:21 | 1185943 AldoHux_IV
AldoHux_IV's picture

Fuck the IMF-- get a rope because it's time to hang the slavemasters.

Tue, 04/19/2011 - 18:24 | 1185948 Hacksaw
Hacksaw's picture

The Irish need some more of this. Come to think of it the USA needs some of this too.

http://www.youtube.com/watch?v=0TvpGw7xDv8

Tue, 04/19/2011 - 18:56 | 1186026 IReallyDontCare
IReallyDontCare's picture

The Irish won't do a thing,they still feel rich compared to the generation that came before them.All the talk of the IRA is laughable,they are far too busy making a fortune fuel laundering and smuggling cigarettes.

Tue, 04/19/2011 - 19:00 | 1186049 Aengrod
Aengrod's picture

This, IRA is now another type of gang-mafia.

Wed, 04/20/2011 - 02:27 | 1187102 scratch_and_sniff
scratch_and_sniff's picture

The IRA went into politics/show business because violence was becoming unfashionable, they were also left to their own devices in the North a long time ago, so the thought that they would kick-start a campaign of nutting bankers in the south after the southerners spent so long punting on property swings while swigging champagne with their heads up they’re upwardly mobile arses is laughable...the north never had a boom(not of the monetary kind).

The south had the chance to vote for true republicans, but instead they choose a slick, second rate, grasping career politician who thinks his efforts at diplomacy will be respected by the Europhiles. Watch how he is deconstructed and browbeaten into the lying manoeuvring little rat his predecessors were, while time just slips on by. Besides, if they started blowing up institutions in the south, it would only take a minute for the media to convince everyone that this kind of “evil” is to be condemned. So the south can stew, a bit of austerity might wake them up to fresh ideas.

Tue, 04/19/2011 - 19:18 | 1186116 markbird
markbird's picture

they're hacking this post

Tue, 04/19/2011 - 19:55 | 1186252 AldousHuxley
AldousHuxley's picture

Irish are pussies. They need mandatory military service like Korea so that they learn to protest properly with homemade flame throwers.

http://www.youtube.com/watch?v=o2oBSVW6JGk&feature=related

Tue, 04/19/2011 - 20:42 | 1186255 M.B. Drapier
M.B. Drapier's picture

I haven't watched the whole thing.

The guy interviewed at the start of Part 1 is David McWilliams, an Irish economist/ex-banker/mass-media pundit. He was one of the earliest people in Ireland to warn publicly about the housing bubble, back in 2003, though he then blotted his copybook in 2008 by cheerleading the blanket bank guarantee.

Keiser appeared on a panel discussion on Irish TV a week ago. He came across as a lightweight, and compared poorly to local panelists like Paul Sommerville and Constantin Gurdgiev.

Some of Keiser's documentary is flat-out misleading. At the moment, the Irish budget is vastly out of balance even before you look at interest payments on the national debt. To a large extent this is because public service pay and numbers are still enormously excessive, much larger than those elsewhere in the EU. (Social welfare payments are generous too.) Now it's true that the budgetary problems came as a result of the state gorging itself on unsustainable tax revenues from the property bubble; it's also probably true that if Ireland had been facing just the core budget deficit without the added burden of propping up bank bondholders then we would probably have had the resources (political and economic) to get the budget under control without recourse to external assistance. (Ireland is not Greece - really! :) ) Nonetheless it's completely wrong to suggest that all of the spending cuts Ireland has experienced (and will experience) are down to the bank bailouts, or that they could have all been avoided if only bank bondholders hadn't been rescued.

The Irish state broadcaster, RTÉ, did a two-part documentary on the Irish crisis by the Irish state broadcaster which was pretty good. Unfortunately one can't see it at present.

Tue, 04/19/2011 - 20:01 | 1186269 AldousHuxley
Tue, 04/19/2011 - 20:12 | 1186295 AldousHuxley
AldousHuxley's picture

Grow some Chinese dimsum balls like this guy

http://www.youtube.com/watch?v=EcvaSnmqZ40&feature=related

Wed, 04/20/2011 - 00:52 | 1187003 Dan The Man
Dan The Man's picture

 

Never seen Max look so reasonable...bravo!

Wed, 04/20/2011 - 04:23 | 1187180 jmc8888
jmc8888's picture

The best way is through a legal way.  A law that will say you aren't defaulting, but wiping away fraud that was never worth paying.

Glass-Steagall is that law. 

WIth default, comes blame, shame, an aura of illegitimacy. Not to mention it's a case by case basis.  Meaning it's inefficient, and prone to cronyism.

With Glass-Steagall you can raise you middle finger proudly, and legally.  (and it takes care of the WHOLE fraud in one fell swoop...and if for some reason an idiot implemented it, it would still be law, and can be applied later to that which is missed)

Also, since it then sets a standard, none of the same crap that created that mess, will even be legal to start it again.

What kept us from insufferable booms and busts, it was the standards set up by Glass-Steagall.  Once we weakened it, that's when we started having problems.  Well to be fair, it was the combo of fixed exchange rates AND Glass-Steagall.  So the problems started when we took that combo away, then got worse when Glass-Steagall was weakened, see 87 crash and S&L fiasco.

But no we didn't learn a lesson, instead we decided to full on repeal it, and we've had the decade we've just had, and instead of learning it from another display of the fraud on a grander scale, instead TPTB decided to take what they did after 87 crash and S&L crisis, and do it on a bigger scale, with obscene amounts, and outright fraud for all to see....and not care (those in power).  We even have the chairsatan, in all his glory, doing these things, with an added twist, to act as if the great depression (he was a so called 'expert' in it...revisionist expert in the great depression actually) was only a policy error of stopping the fraudulent game too early.

So in essence I'll repeat, they don't want Glass-Steagall, they never talk about how it calmed the markets by placing proper, easily enforcable standards in place, instead they are running all the tricks in pre-Glass-Steagall, and weakened Glass-Steagall to try to 'fix' the mother of all frauds in the mother of all fraudulent systems that resides in a post-Glass-Steagall world.

The Chairsatan is nuts, and is approaching it all ass backwards.  What a useful idiot he is....but not for us.

Glass-Steagall

 

 

 

Wed, 04/20/2011 - 06:59 | 1187301 Dorotheo Arango
Dorotheo Arango's picture

When the Frenchs left their colonies in Africa, they made the African new "independent" countries pay for all the existing infrastructures (at a high evaluation) and created their national debt. 50 years later, their debts are still there and their economies are crippled.

What Irish government has made since the 1990' by being obedient to the IMF recommendations? it has offered its own people as slave to the Financial institutions and its country to plunder similar to those of Ex French Africa's countries. And for eons.  

Wed, 04/20/2011 - 07:19 | 1187359 Remington IV
Remington IV's picture

Up .... the .... Irish ? ? ? ? ?

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