Great vid that I have just seen now for the first time. I never hear a word from the irish central bank. You did a better job on the video than they did on the regulation. But I feel that there is a seldom mentioned motivation for crazy lending that is difficult to discribe. One..economic power is equal to military power.Two ..world wide there is financial warfare. Financial warfare can and often does translate into military warefare.The US FED, the UK BOE and the ECB have imbraced bubbelism. Bubbelism is a desperate piece of financial warefare. The bubbelists intend to treat the problem after it bursts.
Surely the problem outlined here is that the state got too involved in banking. They made the fractional reserve rules and the banks played (willingly) along. Since socialism means even more state power, it seems like a worse alternative than what we have now. We need capitalism, not bloated state corporatism, or whatever you want to call it.
Fellas like Tom Prenderville, sittin' on the fence and on the sidelines, cribbin' and moanin' and taking down the economy are a lost cause. Frankly I don't know how people like him don't go and commit suicide. Sure something like that could never happen in Ireland.................hang on.......oh oh!
Does anyone know for sure whether this is from 1998 or 2001, as somebody below wrote? It seems almost too good to be true if it is from 1998 .... w'w'w dot thepropertypin ' dot ' com ' /viewtopic php?f=19&t=22730 shows that in 1998 the average house price was about £98,683/€125,302 and in 2001 it was £144,016/€182,863, so the fact he said a lovely £100,000 house suggests it might actually be from 1998, like the title states, which is crazy.
I don't blame the bank for lending money . We all need I and a bank too and they are entitled to make a profit on it . I do have a problem with banks threatening to crash the economy or claim not to be in position to do anything about it apart from bum from the government and subsequently infiltrating Irish businessesmp
Believe me Brian Lenihen was told what he had to do by the "Troika" and IMF. Guess what! they are very Socialist. The way things are going it won't be long before you might get your wish, but i reckon you won't like it. Stalin, Castro etc comes to mind when i think of Socialism. Does'nt work, will never work. As i said we will all learn soon enough to our detriment.
Best visual explanation of debt based banking I've ever seen. I am working on a proposal for debt free interest free money for Ireland. Called Fair Money Ireland. Find it on facebook. We need to create our own debt free, interest free money now. Join in!
If people had only listened to this man, or even done their own research and reached informed conclusions regarding the EU, Lisbon 1 and Lisbon 2 we might not be in the mess we find ourselves in today. People should have realized that something wasn't right when they were forced to vote for Lisbon2 ( That should have shown people that they (The government) have the power to suspend democracy.) Fractional Reserve banking ought to be outlawed and its corrupt bankers hung. Fuck Enda Kenny. Prick!
So one or two bad apples spoil the whole barrell then? The only reason most of them act like that is because they're over in a new country, disposiable income in pocket. Of course you're going to have some complete fuckwits who have given the Irish a bad name over there, but you can't seriously believe every Irish person is like that?
Don't be thick. Have you not seen that BBC report on Irish anti-social behaviour in Australia? It's basically like that TV show "Boozed up Brits Abroad", except with Irish people. I know a shit load of people that have gone to Australia (I won't use the word emigrate because that would be an insult to our ancestors who really had to emigrate). They are gone on a long holiday. Basically, yes I think staying here on the dole looking for jobs is better than picking apples in Australia.
The emigrants of this generation do not deserve sympathy, no. They are just doing the young person thing ie. go traveling for a year or two. "i'm getting out of this shih - hole bai" but you know they'll be back to mammy as soon as they are bored of hanging out with Irish people in Australia. Cos let's be honest, that's all you're going to do. But of course the folks fro famine times and maybe the folks from the 80s ... twas a harder time for them.
Great vid the banks are the new english landlords we are in the grip of ecomnic slaverly thanks to the irish political system and the eu the fighting Irish wheres our spirit gone ?
@Truthisgreater The plp who have something to prove ie they are intelligent & clever pick out other plp's typo's...the plp who are really intelligent and educated have nothing to prove...
@Truthisgreater plp who correct other plps grammar/typos are insecure & try to make themselves look clever & feel important by doing so...my reason is your bullshit fantasy land comments
All these professional advisers told us get on the property ladder at inflated prices or we'll miss out they must have knew the bubble would bust but.....'commisson' drove them on lining their pockets big bonuses screw the people. When it crashes i'll have a nice suitcase of money stashed away. White collar crime!
how do you control a nation?shackle the taxpayers with high debt i think the irish government are not the idiots you think they are its a form of control people will be in so much debt they wont have the strength or the time to fight policies you can see it now irish people are renound for their rebellious nature if this was 20 years ago there would have been a revolution but the generation now are so depressed and demoralised they have no will to fight well done government great job!
@Truthisgreater you are listening to so much american bullshit conspiracies you have picked up annoying american ways of correcting peoples grammar...wanna be yankie nut
@johncool182 Thats an old punt/pound sign ya numpty. There's only one stroke through it whereas the euro sign has €. Thats the way it was done. Plus he says that the couple are being loaned a hundred thousand POUNDS.
