Great article
It is our misfortune to have just as incompetent puppets running the Irish government .Our political gangsters are mouthpieces carrying out the mad austerity dictates coming from Berlin and the hidden backroom moneymen .Our country is been fleeced and our citizens are no longer able to vote out those who have aligned themselves to the madness of this single currency “ The Euro” We are now nothing more than debt slaves and the bondholders are lining up in our courts claiming breach of contract and our Gombeens politicians haven’t got the balls to take them on so up goes our taxes and our health services and communities are been decimated to pay them off!
Welcome to the land of Austerity !

The Slog.

Twelve years of hard times…to get precisely nowhere

The Government of Antonis Samaras has signed up to a debt bailout plan that ensures it will have a bigger debt in 2022 than it had in 2009. This process has already cost the country billions, and is set to cost it even more – not to mention the socio-political cost of acute shortages, loss of services, unemployment, and the rise of extreme Parties. In this special essay, The Slog lays out the full hypocrisy of this futile attempt by the EU’s leaders to keep the single currency afloat. 

The devious practices involved in saving the euro by raping Greece become ever-more complex and Machiavellian. The International Monetary Fund said yesterday that it would not disburse funds in the proposed EU-IMF package for Greece unless the eurozone delivers on a bond “buy-back” scheme, which is deemed ‘crucial for restoring long-term viability in…

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up-date fro The European Central Bank and Goldman Sachs derivatives scam

Thomas, for your attention ……The European Central Bank has won a ruling to refuse access  to secret files showing how Greece used derivatives to hide its debt.  They were guided in this scam by Goldman Sachs.

“Disclosure of those documents would have undermined the protection  of the public interest so far as concerns the economic policy of the EU  and Greece,” the European Union general court in Luxembourg said,  rejecting a challenge by Bloomberg News brought under the EU’s freedom  of information rules.

The ECB is of course headed by a former Goldman banker, Mario Draghi. Although comment about this was sparse, the new Bank of England  Governor Mark Carney is also ex Goldman Sachs. The Prime Minister of  Italy Mario Monti is ex Goldman Sachs. Hank Paulson – architect of the  2009 US bailout – was ex Goldman Sachs. Greece’s interim technocrat  government in 2011 was headed by Lucas Papademos – also ex Goldman  Sachs.

The privatisation of public money in the West is thus more or less complete.

German chancellor Angela Merkel said in February 2010: “It’d be a  scandal if it turned out that the same banks that brought us to the  brink of the abyss helped to fake the statistics.”

But she isn’t showing any signs of concern about two european central bankers and one PM being graduates of that very same bank.

Anyway, bent EU Court finds in favour of depraved Wall Street bank,  and against freedom of the press. Protection of the public interest,  nothing to see here, move along please….that means you too, Mr Leveson…

Related articles

• Goldman Sachs’ Global Coup d’e tat (truth-out.org)
• Goldman Sach’s Big Play (the2012scenario.com)
• Goldman Sachs Completes Economic Takeover of Europe (dprogram.net)

Austerity isn’t working………………………

By Dan O’Brien  (Irish Times)

With yet another painful budget in the offing, now is a good time to revisit the austerity debate. Last April, I wondered why so many people take such strong positions on the matter.

There is no doubt that tax cuts and more public spending boost growth in the near term, while austerity dampens it. But because of the inherent difficulties in disentangling the causes of economic growth/contraction, it is very hard to say how big austerity effects are. That, however, has not led to calm debate.

Ireland’s experience over the past half decade can be, and has been, used by both sides. Since 2008, Ireland has endured more austerity than any other country in the Organisation for Economic Co-operation and Development. At the same time the domestic economy has contracted massively and almost uninterruptedly. Public debt continues to rise.

Ergo, say the fiscal stimulators, austerity isn’t working………………………

full article at source: http://www.irishtimes.com/newspaper/finance/2012/1123/1224327007545.html

Lubeck 29.11.2012

Today  the weather turned and Lubeck got a  lot colder so a warm glass of Gluewien was most welcome .A chance meeting of this famous Hux str policeman ( one of Lubeck,s  finest) was also one of the highlights of the day ! We might be in for snow tonight! I hope to get some video shots of the Marine kirche Christmas market tomorrow!

The sky is overcast

By William Wordsworth
With a continuous cloud of texture close,
Heavy and wan, all whitened by the Moon,
Which through that veil is indistinctly seen,
A dull, contracted circle, yielding light
So feebly spread, that not a shadow falls,
Chequering the ground–from rock, plant, tree, or tower.
At length a pleasant instantaneous gleam
Startles the pensive traveller while he treads
His lonesome path, with unobserving eye
Bent earthwards; he looks up–the clouds are split
Asunder,–and above his head he sees
The clear Moon, and the glory of the heavens.
There, in a black-blue vault she sails along,
Followed by multitudes of stars, that, small
And sharp, and bright, along the dark abyss
Drive as she drives: how fast they wheel away,
Yet vanish not!–the wind is in the tree,
But they are silent;–still they roll along
Immeasurably distant; and the vault,
Built round by those white clouds, enormous clouds,
Still deepens its unfathomable depth.
At length the Vision closes; and the mind,
Not undisturbed by the delight it feels,
Which slowly settles into peaceful calm,
Is left to muse upon the solemn scene

Austerity Protest, Dublin, 27th November 2010

https://www.youtube.com/watch?v=xC3IGWRvnV4

 

https://www.youtube.com/watch?v=-QxTZmaNTdg

NAMA Wine Lake

I wonder does Sean Quinn senior have access to the internet in Mountjoy? If he does, I hope he doesn’t choke on his cornflakes this morning if he reads the breaking report from Simon Carswell at the Irish Times  which states that IBRC, formerly Anglo and Irish Nationwide, is suing its former auditors, Ernst and Young and the “case relates to the firm’s role as auditors before the bank’s nationalization” Later in the article, the Irish Times states “The timing of the action is thought to be aimed at beating a six-year legal time limit that would have blocked the action.  Ernst & Young signed off the bank’s accounts for the year to the end of September 2006 on December 5th, 2006. These accounts are believed to be crucial to the bank’s legal action.”

So when Sean’s big case against IBRC comes before the courts next year, this action against…

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