What is truth?

Archive for January, 2010

Nama & worthless’ properties!

Nama to cost even more due to ‘worthless’ properties!


The process of cleaning up Ireland’s banks is now two-and-a-half months behind schedule amid tense negotiations over valuations. Sources close to the process have revealed that proposed valuations on some of the initial group of properties are far lower than the original markdown of 30 per cent.

This will have immense implications for taxpayers because it would leave banks with gaping holes in their balance sheets and unable to extend credit to the market.


Full article at

This is all the more reason why we should not hand over the majority control to “faceless and unaccountable investors”

With the Irish taxpayers now shoveling more and more Tax Euros into this toilet, it’s time to just call a halt and just nationalize the toxic banks full stop!

Collapse of the Banking system


I found this site to-day and thought I should spread it around

If you want to sign this petition then please follow this link http://petitions.tigweb.org/bankingenquiry?signedpetition=841346045


I have being calling for a full investigation of the collapse of the Banking system I since found a comment on another Blog that sums up better than I can my thoughts on the subject

It appears that despite all pressures, the Government is staunchly refusing to carry out a public inquiry into the causes of our banking sector crisis. Instead of confronting with decisiveness this matter of overarching public interest, our Taoiseach has resorted to deflecting all queries with his favourite catch phrase: “We are where we are”.

One wonders whether the Government would be as willing to use this phrase if the subject of the proposed inquiry was a series of major transport accidents, or a systemic failure in our health sector. Institutions responsible for over 80 percent of the entire banking sector in the country came close to a collapse and have to be rescued by the taxpayers at a total cost (including Nama) of Euro72-89 billion or 46-57 percent of our annual national output. What else but a fully public inquiry with live television coverage of all hearings can one expect in a democratic society? An inquiry into the systemic failure of our financial system must be not only public, but comprehensive.

It should cover all the lending institutions in receipt of state assistance as well all policy-setting, regulatory and supervisory bodies – from the Financial Regulator to the Department of Finance – responsible for ensuring stability of our financial system. This inquiry should have powers to fine those who failed in fulfilling their contractual and/or statutory duties. And it must be conducted by people who have no past (since at least the year 2000) or present connections with the any of institutions called in for questioning.

Anything less than that will be an affront to all hard working men and women of this country who are expected to pay for the mess caused by the systemic failures in our banking sector.

We’re screwing 80,000 Families

Irish Life & Permanent

said it will raise the rate on its standard variable mortgage by 0.5pc from February 1

So these crooks are going to fleece their 80,000 customers again and the Government is just going to sit back and let it happen!

I suggest that all the customers get together and picket the Head offices in Dublin and keep the picket on until they are forced to withdraw the last two hikes

All the customers could form a union and as such would oblige other unions to stand with them

Remember we the people are the real masters of our own destiny

Come on we are 80,000 strong lets show them!


If you want to help set up this action group!

Contact us at

E-mail bewilderedcitizens@gmail.com


“Please don’t let them be at home “

Well Well Well,

Remember this from Bank of Ireland?

“Please don’t let them be at home “

I bet he wishes he  stayed Home now that he is more than likely in negative equity to the tune of hundreds of thousands of Euro and Bank of Ireland will be helping themselves into his pockets for a long time to come .



China on the move up!

I have being buying electronic goods from China now for the past 2 years and I have to report a huge change in knowhow and quality coming from that country

I was also involved in another internet business and I was getting some web development done.

Two years ago I was very weary in getting but the basic stuff done because of problems of copy write issues

I came to the conclusion that the Chinese were great at copying but that was all.

However in the last two years as I said in the beginning I have noticed an enormous change.

 They have become innovators!

I think they are now the best in the world
China has leaped forward in the web development scene;

They have gone from pupil to professor in two years

This transformation is not just in web products, I see it in electronics as well

I believe that the west will have to pull up its socks or else we will find that in a few years we will become the pupil:

Here is a piece I found from Clif Droke that would seem to confirm my observations

In light of the recent Google-China conflict, however, I’ve come to the realization that one of the sources I’ve been reading is probably more correct than some of the others.  I’m referring to the FRC Money Forecast Letter and its sister publication, The U.S.A./China Letter.  For some time now FRC has been forecasting a turnaround in U.S.-based manufacturers here at home based on the contention that U.S. firms in China have already begun a slow exodus from the country.  Apparently these firms are discovering that the pot of gold promised to U.S. firms doing business in China hasn’t been forthcoming.  It also turns out, according to FRC, that China’s government courted U.S. firms to set up shop in China, only for these U.S. firms to have their technology and intellectual property stolen from them.  Now that China has complete access to Western technology and production methods, they no longer have need for these firms.  And so the exodus continues with Google representing the latest in a growing number of U.S. corporations that have exited China in recent times
Full article can be read at http://www.financialsense.com/editorials/droke/2010/0129.html

Doug Wakefield tells us where we are

Markets where we are

In March 2009, the Dow bottomed at 6470 and the S&P 500 hit a low of 666. On January 19th we released a report titled, Desperation, which – if this nascent decline continues – will mark the top in the markets, with the Dow at 10,729 and the S&P 500 basically triple-topping on the 11th, 14th, and 19th at 1150. So, in less than one year’s time, the Dow gained 66 percent while the S&P 500 gained 73 percent. And, these numbers are as dubious as they are amazing.

Since the 19th, equity markets have dropped sharply and then went sideways this past week.  For this reason, I thought we it would be beneficial to examine various events that have taken place since last March, to see what light can be shed on markets for 2010.

On March 27, 2009, in our report, We Are Driven: Taken for the Ride of Our Life, we stated:

“Let’s examine the Dow on Wednesday, March 18th, 2009.

No rocket science here. On this day, Bernanke simply announced that the Fed would hand out fistfuls of dollars. A CNN Money article, Fed Buying $300 Billion in Treasuries, states:

‘The Federal Reserve announced Wednesday it would buy $300 billion of long-term Treasuries over the next six months in order to try and get credit flowing more freely again.

The Fed also announced plans to buy an additional $750 billion in mortgage-backed securities; a move designed to lower mortgage rates.’ ”

So, in the early stages of this rally, the Federal Reserve, whose mandate is to provide the US with a “safe, flexible, and stable monetary and financial system,” started swapping out financial institutions’ toxic assets for newly minted U.S. Treasuries and ensured banks that they would provide still more assistance. The same report continues:

“The reason presented for the explosive, 6.8 percent rally three trading days later, on Monday, March 23, 2009, was much the same. 

After weeks of handwringing over a plan to purchase toxic assets from banks to help get credit flowing through the financial system again, Geithner and the Treasury presented a $1 trillion bailout program. Geithner’s March 23rd, 2009 article in the Wall Street Journal was titled, My Plan for Bad Bank Assets. In it Geithner states:

‘Today, we are announcing another critical piece of our plan to increase the flow of credit and expand liquidity. Our new Public-Private Investment
Program will set up funds to provide a market for the legacy loans and securities that currently burden the financial system.

The Public-Private Investment Program will purchase real estate related loans from banks and securities from the broader markets. Banks will have the ability to sell pools of loans to dedicated funds, and investors will compete to have the ability to participate in those funds and take advantage of the financing provided by the government.

The new Public-Private Investment Program will initially provide financing for $500 billion with the potential to expand up to $1 trillion over time. Over time, by providing a market for these assets that does not now exist, this program will help improve asset values, increase lending capacity by banks, and reduce uncertainty about the scale of losses on bank balance sheets. The ability to sell assets to this fund will make it easier for banks to raise private capital, which will accelerate their ability to replace the capital investments provided by the Treasury.” (Italics Mine)

In case you haven’t been reading on this lately, let me go over the moving parts. The Public-Private Investment Program used to be called the Public-Private Partnership, but “a rose by any name would smell as sweet.” In this “partnership,” the public, that is, the average American citizen, pays 92 percent of the bill to make the banks whole on some bad investments they made. The U.S. “government” loans these investors 85 percent (from my table and yours) and “invests” 7 percent out of all of the “surplus money they have on their balance sheets,” or through the hidden tax of inflation upon its citizens. Of course, private investors put up 8 percent and get to split profits with the government. And for all this, the average person gets to keep the banking system afloat for one more day.’ ”

In that same piece, Joan Veon, founder of the Women’s International Media Group, talked about the history of Public Private Partnerships:

“A Public-Private Partnership is exactly what it says it is. First, it is a partnership that is business arrangement, and it is for profit…Historically, such deals were considered glaring conflicts of interest, and as such, not in the best interest of the people…When you marry government and business, all existing rules of law and government change as the checks and balances of our Constitution no longer pertain…The door is open for anything – politically, socially, and economically. Plunder is tyranny.” (The United Nations Global Straightjacket (1999) Joan Veon, pp83-86)

Then, the markets moved lower in early July. Perhaps people were waking up to the fact that the policies enacted to initiate the “recovery” were the same ones that created the enormous speculative environment that led to the 2000 and 2007 equity bubbles and the 2005 real estate bubble. At that time, we discussed the fact that banks were accumulating massive reserves, a sign that the hundreds of billions they received from the bailouts were not going into the economy, but staying on the balance sheets of these giant banks. In our July 10, 2009 article, Whose Line (of Credit) Is It Anyway, we noted:

“As Paul Kasriel’s recent article states, 98 percent of the increased reserves sits on the books of banks:

‘Reserves created by the Fed have increased by a staggering $858 billion in the 12 months ended May. But excess reserves on the books of depository institutions have increased by almost as much, $842 billion. So, in the 12 months ended May, 98% of the increase in reserves created by the Fed has simply ended up as idle reserves on the books of depository institutions.’ ”

And, with the continuing decline in private sector lending, the numbers only got larger as the year progressed. Three weeks ago, in our January 8, 2010 article, Financial Lessons of the Ages, we wrote:

Reserves of Depository Institutions – Federal Reserve – H.3 (in billions)


































































“Since the fall of 2008, central banks have flooded the global banking system with “new money.” Over the same time, commercial and private lending rates have contracted rapidly. So, are we seeing an economic recovery, or is this the most expensive financial market rally of the last century – propelled by political power plays dependent on debt?”

F.100 Households and Nonprofit Organizations (1)

Billions of dollars; quarterly figures are seasonally adjusted annualized rates





Q1 2008

Q3 2008

Q1 2009

Q3 2009

Home mortgages (7)








Consumer credit








Federal Reserve statistical release, z.1, Flow of Funds Accounts of the U.S., 3rd quarter 2009

Because of the “serendipitous” murkiness of some of our markets and banking institutions, we cannot prove exactly where and how this money was being used. However, since late May of 2009, professional traders’ commentaries have continued to warn market participants of large swift swings in various markets at “unique” times. Their topics of discussion include the enormous amount of proprietary trading that has been taking place in firms like Goldman Sachs and the power that high speed program trading systems has given to an infinitesimally small number of players in the largest capital markets in the world.

In our July 15, 2009 report, Banksters’ Rigged Roulette Wheels, we illustrated the frequency of high frequency program trading to market prices:

“The truth is, with the advent of high-frequency program trading, unless we are in position when the computer programs change direction, it is nigh unto impossible for investors to win in this brutally rigged game. A tip of the hat to John Mauldin as we open with his assessment of the situation:

‘First, I want to direct the attention of those in the US finance industry to a white paper written by Themis Trading, called “Toxic Equity Trading Order Flow on Wall Street.” Basically, they outline why volume and volatility have jumped so much since 2007; and it’s not due to the credit crisis. They estimate that 70% of the volume in today’s markets is from high-frequency program trading. They outline how large brokers and funds can buy and sell a stock for the same price and still make 0.5 cents. Do that a million times a day and the money adds up. Or maybe do it 8 billion times. It requires powerful computers, complicity of the exchanges (because the exchanges get paid a lot), and highly proximate computer connections. Literally, the need for speed is so important that to play this game you have to have your servers physically at the exchange. Across the river in New Jersey is too slow. Forget Texas or California. This is a game played out in microseconds.

The retail world doesn’t get to play. This is a game only for big boys who can afford to pay for the “arms” needed to fight this war. But the rest of us pay for the game…

Frankly, this is outrageous. The more I read the madder I got. And it is going to get worse as computers get faster and software more intelligent. We need rules to level the playing field. Themis suggests one simple one: just make it a rule that all bids have to be good for at least one second. That would cure a lot of problems. One lousy second! In a world of microseconds, that is an eternity.

Goldman Sachs went after an employee who stole some of their latest and greatest software this last week. The US assistant attorney general said in the courtroom that the software had the potential to manipulate the market. Imagine that. I am shocked. There is gambling going on in the back room? Gee, commissioner, I had no idea.’ ”

In that same piece, we transcribed part of a June 30 2009 Bloomberg interview of Joe Saluzzi, owner of Themis Trading:

“Saluzzi: I am here to talk about the markets, and trading and volume and how fictitious they are…The volume (in shares) that you see in the markets right now, some days as high as 12 billion across all exchanges, is fictitious. It is not real. Sixty to seventy percent of this volume that you’re seeing coming across – it’s volume – but it is done by high frequency traders. These are machines. The biggest machine out there wins the game nowadays. And, these people deal in sub-seconds. Fifty milliseconds is a huge amount of time. If you are anything over that, you are a dinosaur in this business.

So what they do all day long is buy and sell, all day, and try to collect liquidity rebates from the exchanges, which are basically in partnership with them, and they trade for no apparent fundamental reason, and this is my problem…

By the way, principally related program trades is a way to get the markets to go in your direction. What happens is, since we are all electronically linked, the algorithms chase the programs and artificially inflate the prices. But here is the trick. They can run for the trap door tomorrow, and if everybody becomes a seller, they will all just go the other way. They don’t care about the prices any more.

The trick to the market is that the high frequency guy does not add liquidity. He adds volume. There is a big difference between liquidity and volume. Volume is 12 billion shares…who cares? But … if a news event occurs and there is no liquidity there anymore, the trap door opens and there is no one left to buy.

I feel that one day that the door is going to close…everybody is going to be running for the exits…there will be a major move in the markets… and everyone will wonder, ‘What happened? What about that guy on Bloomberg talking about those high frequency guys?’ There is a problem structurally in the equity markets that nobody wants to talk about…there is intervention, manipulation going on… no one has exact proof of what is going on…but it is out there. And the real liquidity has been gone for a while when we got whacked down 40% last month. It never came back. Liquidity never came back.’

With this type of trading advantage, is it any wonder that, as the largest program trader, Goldman Sachs reported their largest quarterly profit in history, at $3.44 billion between April and June of 2009?’ ”

(This chart is from the December 2009 issue of The Investors Mind)

Last, we examine the extreme imbalance in our banking system in our October 9, 2009 report, My Therapy. The Office of the Comptroller of the Currency, charged with “ensuring a safe and sound national banking system for all Americans,” lists   various measures in their quarterly derivatives report.

“I turn to page 17 of the Q2 ’09 Derivatives Report, and see that our financial markets are in ‘good hands’ with Goldman Sachs. It would appear that as long as their high frequency program trading platforms can continue to dominate our capital markets, there really is no need to believe in a downside to equity markets.

But remember, Goldman can find its opportunities on the short side of equity markets. On September 20, 2007, CBS MarketWatch released an article, Goldman Pulls Off Profit Despite Subprime Woes, which is posted on the Weekly page of our site:

‘In a season where brokers have been digesting huge write-downs and trading losses, Goldman has produced a stellar quarter. Profit rose 79% to $2.85 billion, or $6.13 a share — $1.78 more than the analyst consensus estimate. Goldman’s success was due in a large part to its hedging strategy. The broker absorbed $1.5 billion in credit write-downs, but its mortgage exposure was more than covered by hedging positions. In other words, Goldman made a profit on the mortgage collapse by betting it could happen.’

Frankly, I don’t know of any global financial player trading in our markets that has been able to achieve this feat when looking back over the last 2 years. Think about it: Goldman’s trading profits were seven times that of its nearest competitor, JP Morgan.”

So, we close with three recent charts. Many mainstream media and financial establishments continue to present a positive (if manic) recovery story. I will always continue to look for something deeper than today’s headlines.

(This chart is from our January 19, 2010 Short Report.)

(This chart is from our January 12, 2010 Short Report.)

(Chart from Weekly page of www.bestmindsinc.com, January 27, 2010.)

If the ever- expanding role of the state in our “free” markets in any way lures you into believing that political leaders can give you any insights as to the timing of your investment decisions, you’ll want to consider Bill Moyers’ recent piece, The Financial Lobby Owns Washington:

The nonpartisan Center for Responsive Politics, an indispensable source for information on money’s role in politics, reported in November that “The finance, insurance and real estate sector has given 2.3 billion dollars to candidates, leadership PACs and party committees since 1989.” You heard me right: Billions. A sum that eclipses every other sector — including the defense and health care lobbies.

If you know people who, unlike you, have yet to start learning about the casino we depend on, I strongly encourage you to share this article, and those like it, with them. The months ahead will prove extremely painful to those who buried their heads in the sand.

source http://www.financialsense.com/fsu/editorials/wakefield/2010/0129.html

Copyright © 2010 Doug Wakefield

Liz McManus active in the Dail


Liz McManus , Dail activities during the week  24.01.2010- 29.01.2010


Liz McManus
(Wicklow, Labour)

Last year broadcasting legislation was passed by the two Houses and the Joint Committee on Communications, Energy and Natural Resources was charged with carrying out a selection process for appointments to the boards of the Broadcasting Authority of Ireland and RTE. That process was completed before Christmas. We all know the Minister, Deputy Ryan, has an eccentric view regarding appointments to the public services. He seems to think a telephone call and a chat is enough.
We now have a situation where, I understand, four Cabinet meetings have been held and yet these appointments have not been made. I have no idea what is going on, but the committee on which I sit carried out its duty in an exemplary fashion. We made our recommendations to the Minister, Deputy Ryan. He does not have to accept them, but we have no word—–

Question 48: To ask the Minister for Finance if the public sector pay cuts apply when contract employees in a university here have their funding 100% sourced from philanthropic or private sources; and if he will make a statement on the matter.

Brian Lenihan Jnr
(Minister, Department of Finance; Dublin West, Fianna Fail)

The Financial Emergency Measures in the Public Interest (No 2) Act, 2009 makes provision for the reduction in the pay rates of all persons employed by public service bodies with effect from 1 January 2010. Universities come under the definitions within the Act as public service bodies, contract researchers where they are employed by such a public service body are subject to the pay reductions provided for under the legislation.

Question 89: To ask the Minister for Justice, Equality and Law Reform when digital closed circuit television will be provided to a Garda station (details supplied) in County Wicklow to replace the out of date analogue system; and if he will make a statement on the matter.

John Curran
(Minister of State, Department of Community, Rural and Gaeltacht Affairs; Dublin Mid West, Fianna Fail)

I am informed by the Garda authorities that the recording equipment currently employed for the existing Garda CCTV system in the station referred to by the Deputy will be replaced with digital recording equipment during the first quarter of 2010.

 Question 115: To ask the Minister for Community, Rural and Gaeltacht Affairs if he will give assurances for continued funding in 2011, 2012 and onwards for a community development project (details supplied) in County Wicklow in order for it to continue its work with the County Wicklow partnership; if the current level of funding will continue into the future; his views on the important work being carried out by the community development projects; and if he will make a statement on the matter

John Curran
(Minister of State, Department of Community, Rural and Gaeltacht Affairs; Dublin Mid West, Fianna Fail)

As I outlined previously to the House, my Department has seen the need to redesign its community development/social inclusion programmes, particularly the Local Development Social Inclusion (LDSIP) and Community Development Programmes (CDP), drawing on good international practice and to support the ongoing evaluation of the programmes. Both programmes have a community development element and were delivered through separate local delivery structures. These programmes came to an end on 31 December 2009 and have been superseded by a new programme, the Local and Community Development Programme (LCDP).

The aim of the new programme is to tackle poverty and social exclusion through partnership and constructive engagement between Government and its agencies and people in disadvantaged communities.

The new programme will preserve elements of good practice from the CDP/LDSIP Programmes and will enable groups to objectively demonstrate the positive impacts they are securing for local communities. An implementation strategy, involving the stakeholders, is underway in preparation for LCDP roll-out over the course of 2010.

In advance of proceeding to establish a single programme across CDPs and Partnerships, my Department undertook an evaluation of individual community development projects. Many of these projects span across two decades, with quite diverse activities. The objective of the review was to identify those projects that produce tangible, appropriate benefits for the communities they serve. The vast majority of projects, including the project referred to by the Deputy, fall into this category and have been offered funding under the new programme in 2010. Where projects were not recommended for continued funding, an appropriate appeals mechanism has been provided.

I am pleased to have been able to ring-fence funding for community development projects for 2010 and to maintain it at 2009 levels. In few other areas of public spending has it been possible to do this. The Deputy will appreciate that ongoing funding for 2011 and beyond will be subject to budgetary considerations at the appropriate time.


Irish Life Mortgage’s Up-date

Irish Life & Permanent said it will raise the rate on its standard variable mortgage by 0.5pc from February 1, citing the “high cost” of funds required to finance its mortgage loan book.

“As has been previously advised to the market,” Irish Life’s banking unit Permanent TSB “is facing significant financial challenges,” the lender said in a statement today. The “high cost of funds continues to pose challenges.”

Irish Life said the change in the rate will affect just under 80,000 residential mortgage customers

Machholz comment

So these crooks are going to fleece their customers again and the Government are just going to sit back and let it happen!

I suggest that all the customers get together and picket the Head offices in Dublin and keep the picket on until they are forced to withdraw the last two hikes

All the customers could form a union and as such would oblige other unions to stand with them

Remember we the people are the real masters of our own destiny

come on we are 80,000 strong  lets show them!


Leave a message or comment if you want to help set up this action group!

or call  0860666321

Liz McManus on the FAS work placement program


liz.mcmanus@oireachtas.ie to me
show details 4:26 PM (28 minutes ago)
Dear Thomas

Thank you very much for your recent email.  This situation is absolutely
appalling – I cannot understand how anyone expects a person to work for
nothing in this day and age.  I am following this matter up with the
Minister for Social & Family Affairs and I’ll be in touch with you again
when I receive her response.

Kind regards,

Liz McManus, T.D.
Spokesperson on Communications, Energy and Natural Resources

David Mc Williams Blog (Comment)




“But if we don’t sober up a start this Cultural Revolution, we will have a Very Sad Country within the next few short years,”

(From a comment on David Mc Williams blog I contribute to)

Link http://www.davidmcwilliams.ie/2010/01/27/how-ff-put-middle-class-deep-into-debtors-prison

Jesus lads wake up and look around!

The vast majority of people do not want to take part in a discussion on where we are, or “we are where we are” and move on!

People’s lives have already being lost; the first blood has being spilled!

I personally know of 3 people that have killed themselves as a result of the loss of their business and the loss of their own home.

I have a friend working in the real estate business and he specializes in apartment sales in Dublin

The stories are just awfully,

We are way beyond your notion of how bad things are!

Here in this town I know of a Family that has lost its Dad and the Wife is about to lose the family home .There are 4 children in that house .Talk to this family about a cultural revolution and they will gut you!

“But if we don’t sober up a start this “Cultural Revolution”, we will have a Very Sad Country within the next few short years”

The anger that is out there is gone into a phase of retrenchment, where most people still being very placid, just want to ignore and switch off all the bad news. Their belief in the system is shattered and a sense of helplessness is all over the place.

When collecting the kids from school I here other parents say “if they had a shotgun”, I suppose we all hear these utterances’

These remarks are coming from the Middle Class who are not quite desperate yet but are getting there.

Personally I am quite prepared to take the next step, having vented my frustrations out on the blog I write; (now with 9500 viewers) I am still frustrated that no tangible results have come about. The same corrupt bastards are in power and the bonus cheques are sloshing around the major Banks like confetti at a wedding.

In the coming years we as a people will have to pay 50 to 80 Billion in interest alone to international bond holders ,so there are more nasty budgets on the way believe you me!

It is depressing just to write about this shit again,I have come to a time in life that I am now willing to take up arms and at least try to fight back against the Gangsters that have mastered the political system ,have their cronies come out on to the airwaves and spin their particular version of the state of the economy .Remember those that hold power dictate what is right and what is wrong ,what the law is and who is outside the law .The Nazis created laws that were for most Germans obviously very wrong but they still went along with them .

Only after a change of government were people prepared to condemn them.

The present FF and Green Government are working a system that has no changes since the 1930’s

It was another world then, with the modern world we need to have a completely new fully democratic system that is free enterprise friendly and is equally a people’s orientated society

a system of government that involves all the people ensures that there are no political density’s created ,no career politicians and a set time in offices for office holders

a system that ensures that the public servants of the people do not become millionaires as a result of their service of the people

I could go on and on but what use is it

The current system has infested the entire political system and the opposition in this country are just as good at working the system.

They too protect their own paymasters, the Bankers, the Union Bosses, and the Golden circles that populate this Ba-NAMA land of ours now

Most of the politicians that slime around Lenster House have being there all their working lives and have being pampered all their lives, they don’t even have to get up to get a glass of water in the Dail chamber, they have equally ushers that have being their all their working lives and know nothing of the daily struggles of the ordinary people of Ireland

From what I read on this forum I am not likely to get any support for admittedly radical views

But I will be in the front line if and when Revolution comes.

I recently set up a grouping called Citizens Association of the Bewildered (CAB) (My next phase)

(No takers yet unbelievable)

The idea was to take real and sustained action (demonstrations outside these offices) against the various corrupt bodies, I.e. the Banks and government offices and outside the Dail .Demanding resignations and highlighting corruption and the like. I was hoping to have live video links to the various social networks so the ordinary people could see how we were being handled by the Garda

On the spot questioning of the politicians, Bankers at their AGM etc

All members displaying Press ID badges supplied by me from my press and Media Company

So all members will be de-facto journalists and have the right to go into Lenster House and observe the daily theatre there.

I am talking about getting away from the keyboard and doing something more active, more hands on!

Point is I believe we are slowly heading towards Bloody Revolution on the streets if the boys in power don’t listen to the ordinary people .The past temporary measures will not work anymore because people a better educated and the Internet takes away their monopoly on the news




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