What is truth?

Archive for February, 2009

Gardaí to investigate Anglo and about time too!!

 

 Gardai called in to investigate  Anglo Irish Bank .
The  board of the regulator  should now resign . The public have lost confidence in it !!!!  Having being involved in a number of investigations in relation to the bank, it was now necessary to call in the Gardai.  What did they find ??  after almost 5 months you would have thought that all incriminating evidence would have disappeared by now  !Why did it take so long for them to take this action ? Who were they protecting ? Perhaps their political Masters or should I say their Co Conspirators !!!. Why was  this not done with the Irish permanent  as well?? .I am calling on the Boards of Anglo Irish Bank and Irish Life &Permanent to resign . The CAB should be called in to fully investigate these Fraudulent Bank transactions that went on at the Irish Life &Permanent

What about the other Banks like Allied Irish Bank and Bank of Ireland ???

I believe its time to allow the Office of Director of Corporate Enforcement to take over all of these investigations along with the Garda Bureau of Fraud Investigation .

Meanwhile, I hear that searches of Anglo Irish Bank’s headquarters by officers from the Garda Bureau of Fraud Investigation and officials from the Office of Director of Corporate Enforcement were continuing  this night .

TC

 

This crisis is no accident it was premeditated and internationally agreed.

This article was posted to me to-day by colleague  !

it is an excellent explanation of the current state of affairs in the international financial  markets and does NOT excuse the current Government of their handling of the unique problems within Ireland.

In an attempt to comprehend the current “credit crisis” I decided to try to investigate its underlying causes. To my dismay I discovered that the situation did not come about by accident but was actually conceived and planned by the International Banking Fraternity in Basel, Switzerland, in 1998.

 

The tsunami of credit that burst onto the scene after this “Basel Accord” tried to save America from a recession, enabled it to fund a war, sleep walked Europeans, politically, into the Euro Zone, and attempted to nurse-maid the virgin state called the European Union. This crisis is no accident it was premeditated and internationally agreed.

 

If you don’t believe the pre-meditation involved please read the quote below from the Wall Street Journal, Nov. 27th.  2007:

 

In 1998 the Basel Accord created the opportunity for regulatory arbitrage whereby banks could shift loans off their balance sheets. A new capital discipline that was designed to “improve” risk management led to a PARALLEL BANKING SYSTEM whose lack of transparency explains how the market started to seize up.

 

The “originate-to-distribute” model REDUCED THE INCENTIVE for banks to monitor the CREDIT QUALITY of the loans they pumped into collateralized-

loan-obligations and other structured vehicles, the rules failed to highlight contingent credit risk……”

 

American history has shown that many of its great leaders saw the danger in granting banking institutions too much power over the destiny of a nation. The Basel I Accord indicates just how fundamentally the International Banking Groups have lost their moral compass and altered old standard banking rules. Through sleight of hand i.e. “off balance sheet accounting” they allowed the financial structure of the world to become totally unstable and risk prone. National based central banks participated in this fraud by failing to “beef up” local regulatory supervision. If one was cynical one would actually come to believe that in 1998 future failure was built into the matrix; failure which only the strongest and the most astute institutions could survive. 

 

The end result will be systematic institutional deflation on a worldwide basis. Even though cash is being pumped into the major banks the multiples of “off balance sheet” credit are now historic, thus the corporate inflation has already occurred. What we will now experience going forward is dept collapse and with it falling mortgage issuance and restrictive commercial funding. Here in Ireland business activity has almost come to a standstill and everybody is holding their breath wondering what the next crisis will be. The only saving grace is that things are not much better in Italy, Germany, France or Spain and is actually much worse in Scotland, (where the bank of Scotland failed) England and Greece. This crisis is truly global.

 

As institutional deflation (due to collapsing systematic credit) and social inflation (due to the panic demand and circulation of currency) spreads around the globe those who are left holding excess negotiable resources will be in a very powerful position to soak up value assets for pennies on the dollar. Regular folk will not be able to participate in this bonanza because for them the banking credit system will be closed with nothing to offer but foreclosure and frustration. The majority will in a defensive survival mode while the privileged few will be in full scale acquisitive attack. Such was the case in the last depression. How history is repeating itself. Those who instigated the “off balance sheet” travesty knew exactly what they were doing. My advice is if you cannot beat them join them. Friends go to cash and the physical money metals as soon as you can. Contract your business and life-style expenses. Network and co-operate within a real community for the exchange of goods and services that sustain authentic life. Before things get really bad become educated and aware. Form city and town based money circles based on the teachings of E.C. Riegel and learn how to issue community based, bearer-negotiable, split-barter, exchangeinstruments of agreed value; otherwise known as money. (Most people do not fully understand that money, in essence, is a social contract based on human trust and mutual benefit). This “crisis event” is going to get much worse before it gets better folks. There will be short periods of reprieve but the reality of the problem is so serious and fundamental that it will take years, maybe decades (as in Japan), to work through, even with a “nationalization” type solution. But perhaps it is true that “every cloud has a silver lining” and that “every problem bears within it the seeds of a greater opportunity”. Maybe finally after ninety five years the good people of the United States and the world will awake from their media induced trance and realise that too much power was usurped by an elite on the 22nd. December 1913 when the Federal Reserve was set up. Maybe it is time the international central bank, the International Bank for Settlements in Basel, was abolished and regular citizens took back their financial destiny.

 

Peaceful, proactive and constructive community must reassert its primacy over immoral, selfish and destructive internationalism. For patriotic Irish men and Irish women it appears that the time has come once again when they must save their country for the greater good. The selfish, the vainglorious and the criminally incompetent must be stood down.

 

 

 

 

 

Published Web Essay September 2008:

Financial Sense Online: USA

Market Oracle. Co: UK

SCRIBD.COM: USA

News Flash!!

 

 My Call in the CAB now Campaign

 

I have just heard that the CAB have raided the offices of  Anglo Irish Bank

at long last the Government seem to listening to the people !

Having spent a few days last week  outside the  Dáil Éireann demanding this course of action  ,there is a certain satisfaction hearing this is now underway !

 

More to come soon

T

First past the Post !!

Just received this responce from Liz McManus, T.D.                                                 liz.mcmanus@oireachtas.ie 
(2 hours ago)

I must give her credit she is on the ball !! Thank you  Liz!!

 

Dear Mr. Clarke

Thank you for your email. It is very comprehensive and, in my view, focusses on the central issues that we confront as a nation – I am very sorry to hear of your circumstances.  For someone who has clearly worked hard and acted responsibly it is appalling that you now are unemployed.

The Government has an obligation to deliver a clear and urgent strategy to tackle unemployment, to clean up the banks, and to make those who can afford it most to contribute most to our recovery.  I attch the Labour Party plan for bank reform and also the speech made last Saturday by our Leader, Eamon Gilmore.  If you would like to know more on our policies or wish to join the Labour Party please log on to our website – www.labour.ie

With kind regards,
Liz.
Liz McManus, T.D.
Spokesperson on Communications, Energy and Natural Resources
www.labour.ie/lizmcmanus

 

Thomas Clarke <thomasclarke3@gmail.com>
23/02/2009 12:23 To”liz.mcmanus@oireachtas.ie” <liz.mcmanus@oireachtas.ie>
cc
SubjectWhat about this ??? Keep asking the right questions !!

Resignations ,But who,s ???

I   hear  this morning that Mr Enda Kenny ,

is now calling for the resignations of the board of the Financial regulator .At Last but please don’t stop there !!!!!

I pointed this out in a letter to him this morning !!

                                              _dsc14903
 
Dear Mr Enda Kenny,
At last, you are speaking in the language of the ordinary Man in the street I here over the radio that you are calling for the resignations of all the board of the Financial regulation and you are looking for a cap of 250,000:00 euro for bank directors
This is what we the public are waiting to here,!!!
May I suggest that you also call upon for the resignations of the Board of IL&Permanent  and particular the Government appointed members who thought that there was nothing wrong with the previous Charmain and indeed gave him their support days before he was forced to resign !
I would also call upon you to call for the resignation of Mr Dick Spring  ,Government appointed Director of the AIB Bank .As a one time Eircom share holder this man (“short of a few bob”) doesn’t inspire confidence  with his track record !!
These Government appointee Directorships were not envisaged as “Jobs for the Boys”,
But rather qualified financial seasoned experts and have a sound financial and business background and an unquestionable  loyalty to the general public,s interest and Not their own pockets !!
This is an open letter and is posted elsewhere
Your response will be published in our New local community portal at www.netzoners.com 
and on my Blog at www.machholz.wordpress.com
From time to time I also post videos on you tube as well as netzoners.com
 
Yours sincerely
 
Mr Thomas Clarke
10 Heatherbrook
Marlton road
Wicklow Town
Mobile 0830048350
040466232
Up-date
Have not received any response from any of the Wicklow TD,s  to my letter to then Yesterday

 

 

 

 

 

 

 

 

 

Call For Action !!

To-day

I sent an e-mail to all 5 TD,s from Wicklow ,

it will be interesting to see if  I will get  a response

Just for the record I am calling on all the unemployed in wicklow to organize themselves into action groups and force the local politicians to get New Job training and up-skilling measures immediately , to meet the new demand that is now becoming more apparent

The Job seekers ranks are growing every day and there is a need for new ideas and the pool of the unemployed is not going to just stay quite !

we will get organized and will appear at the doors of the local politicians and lenster house demanding that they put in place a stimulus packet to help bring employment back into our County .

 For us in our 40 and 50 we want to be trained in new  skills and get back into education without delay ,That means NOW

It is Not good enough to be told that you  MIGHT  get palace on a Fas course in a year or so

WE  WILL NOT GO QUIETLY INTO THE NIGHT

WE WILL FIGHT FOR A RIGHT OF A FUTURE FOR OURSELVES AND OUR CHILDREN ! 

Thomas Clarke

Up-Date

for those of you who want to I have compiled with the help of my kids a short video for you to view

click on the  Banks and their Political Friends link on the right hand side of this page
T

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