Oh yes it will!!

Frankfurts way or labours way ……..YEAH RIGHT…….. my sides are sore from laughing at this crowd of cabbages at this stage……

R.I.P labour

Well guess what Gilmore Shane is right, you listen to the people or we won’t listen to you. Take a pick.

Spit it out liar

Yeah right Gilmore….given the last 18mths, I don’t think we can trust any of the main parties to represent the interests of ordinary citizens or future generations.

Cross post of comment I made on the Joan Burton article:

“I wondered when the famous ‘promissory notes’ would come up in the context of a possible bribe to get a yes vote. Didn’t take long.

Let’s just be clear what they are. It was a ‘loan’ of money, some €30 billion, created on a keyboard, effectively by the ECB so that Anglo Irish Bank would not be forced into bankruptcy & it’s bondholders (other EU banks mainly) take a loss. The money did not exist previously. There’s no ‘taxpayer’ anywhere on the other end of it. The ECB could give permission tomorrow for the debt to to torn up & binned in its entirety with no (financial) consequences anywhere.

What is unusual, and particularly damaging to the Irish economy, is that rather than paying interest only, the principal must be completely repaid by 2025 at some €3.1 billion per year (incl interest). Normally, for gov loans, the original amount of a loan is repaid at the end of the period & more often than not is simply rolled over into a new loan. In repaying the principal as well in regular instalments, this places a substantial burden on gov finances at a time of already massive, growth, jobs & recovery killing austerity. Money that was created from nothing to save a zombie, non ‘systemic’ (commercial property casino) bank, entirely by the ECB’s insistence (or else), is to be repaid in real money from Irish taxpayers.

The government has been making the case for over 12mths that the ECB could cancel this debt burden at a stroke (at no cost to anyone), particularly as said gov have been particularly supine in dumping all the rest of the banks’ bail outs onto to taxpayers. Not to mention accepting responsibility for banking malfeasance that the ECB itself should have also taken considerable, indeed the majority, of responsibility for.

At every stage, the EU Commission & ECB have responded with the diplomatic equivalent of ‘eff off’.

It should also be noted that the ECB, in the last two months, has happily created, from nothing, over €1,000 billion to give to Euro banks to prop up their ‘liquidity’ (which should also be read ‘solvency’ by any reasonable accounting standard). These loans are for 3 years at a mere 1% interest but does anyone really think they won’t simply be rolled over ad infinitum? (I don’t).

The contrast in attitude could not be more stark.

I say do not be fooled by any attempted bribe on the ‘promissary notes’, even if it’s forthcoming. We are dealing with a ruthless, ideologically bigoted institution which seeks absolute power (it already has too much) over Euro area governments’ financial policy in every important detail – the ECB. The creation of the ESM, beyond any democratic or judicial oversight, and the straightjacket of a legally binding ‘fiscal compact’ to be placed beyond our own governments’ power, is crystal clear proof.

This is from the same organisation that bears massive responsibility for an economic crash merely 8 years into the implentation of a currency union that it largely designed. And rather than admit any accountability, far less offer any solutions to the damage to the real economy of ordinary citizens, it is insisting on more of the same flawed thinking – for over 4 years! – that has completely destroyed a member’s economy (Greece).

It will destroy our economy & prosperity in due course if we let it. If we don’t act now, as citizens, we may not get another chance to assert our democratic rights over what is righfully ours & that of future generations.

Vote NO and demand fundamental accountability & reform & solutions to the crisis for citizens, not just the top few percent of the financial elites. There are real alternatives. I am not anti-euro or EU, in fact the opposite. But not if it is simply to become a kleptocratic & mercantilist dictatorship by & for the top few percent of wealthy elites.

If the Eurozone is not prepared to engage with us on this, then we have no alternative, in our own interests, but to leave the Euro & return to our own currency. (With that we need borrow from no one, and can quickly recover our economy.) Do not be afraid of this or listen to all the fearmongers. If we need to do it, we can, without too much difficulty, see here:

http://moslereconomics.com/2011/11/17/my-big-fat-greek-mmt-exit-strategy/

http://moslereconomics.com/2011/05/16/how-to-exit-the-euro-a-proposal-from-1997/

It’s Europe’s way, not Ireland’s way.

Spin doctors.
Every single one of them.
Useless.
Not one of them are there to serve this country and it’s people..
Self serving shower of liars..
At this point I actually hate the sight and sound of them all..
If I hear the words “ON BALNCE” again Agghhhh !!

If I went into battle with Captain Gilmore at my side, I’d be down on my knees praying to the big fella that the enemy never got a hold of that slippery bastard. I have no doubt that he would sell out the positions of an entire platoon for a cup of tea and a biscuit.

Joan should move on Gilmore for leader.

”They are not linked, they are separate processes, and we are going to continue with the process [on the promissory notes] until we get an outcome that is satisfactory for the Irish people.”
that’s like saying men have nothing to do with fatherhood or women have nothing to do with motherhood!
Gilmore Listen to what the people are saying .

GRR, RABBLE, RABBLE, RABBLE, RABBLE, RABBLE, RABBLE, RABBLE.

What a goon