You’re spot on Val – they plunge countries into the debt trap lending them “money” that never existed. Ask for the 1 billion in gold and see what response we get. Now that we are in even further debt, we will be conned out of even more real world national assets like oil, gas, forestry, utilities, road tolls…..

Exactly Olivier! It was deliberate.

Are you serious?!

Yes. We are borrowing money with conditions attached which will have to be paid back with interest in one hand, and handing the same amount over to people who bet on the Irish government not having the testicular fortitude to face down bondholders in the other.

Don’t forget, unguaranteed means they made their bet AFTER the blanket guarantee when share prices were in the toilet, high risk gambles, high risk returns.

The German’s are lending us all that money so we can buy all their products.

No, they are not. Please find some perspective. Germany is a country of 90 million people. We are not basing the success of our industries on a country of less than 5 million people.

No Klaus your right, the billion will go to pay german french and german bondholders money we the irish people don’t owe them.

This German bashing is so ignorant. The money masters who ultimately own the central banks and manipulate and con countries out of wealth have no allegiance to any country.
They may have physical buildings based in Frankfurt, London and Zurich, but borders matter not to them.
Blaming our economic failure and our continuous dependency on debt on “Merkel” is just plain idiotic.

Apologies for blaming the Germans for lending us money. So why are the money masters lending us money? Isn’t that what got us into trouble in the first place? How about they don’t lend it but instead we tell the bondholders to take a hike

The Bondholders have to lend you money with a high interest so you can pay them back.

They are lending us (fake) money to intensify our debt. Then they own us. We we get “investors” to buy up our state assets for bargain prices. This technique has been used for decades around the globe. Absolutely tell them to take a hike, also leave the euro, collapse the banks (we would lose any deposits, but the cost of this would be much less than what we are doing now) and restart our own currency.
The flood and contraction of money supply creates boom and bust cycles, so that those in control (ECB and its owners) can buy up the country during the bust for a bargain. 99% of the country including our politicians do not understand this.

german French and german, please make up your mind. Who are these bond holders. I am German, I have nor been given one cent of your money, but my savings, my apartment and my future are at risk. I don’t want to f*ck Ireland over, that does not mean that I think it is OK for Ireland to f*ck me over or insult me. You are doing hat with your comments.

http://en.wikipedia.org/wiki/Rothschild_family

Oliver, I agree with you 100%. A great example is Fianna Fail and Fianna Gael signing away our precious oil and gas fields for tiny tiny tax revenue. I bet these money men have skyscrapers with an owl design on top. I’m not taking the proverbial but I watched a very interesting documentary about these money men and how we’re basically puppets being manipulated by media etc. We need to leave the Euro and tell these guys that we’re not going to take this crap anymore. I’m a proud Irishman in a country that fought against aggression for 7 hundred years. It’s about time our government stood up and fight for us

Klaus, apologies again. I shouldn’t have associated our woes with Germany. Ignorant comment to make. Europe is falling to pieces because the governments aren’t doing enough to tackle the chaos

Dmc – im with you, I’m delighted that more and more of our citizens are waking up to reality of what is really happening. It can be very frustrating trying to show people in denial and being branded a conspiracy nut etc. Keep looking for the truth, it won’t be on rte, the Irish times or bbc though….

Klaus if your not a german bond holder then why are you getting angry, we’re obviously not takling about you. German banks invested 200billion into Irish banks and when those irish banks went bankrupt they should hav taken the hit. But under the orders of the ECB our crap career politicians made sure they didn’t , but we the irish people did and are now paying for german banks that should also have went bankrupt. Saving the german people from having to foot the bill.

@Martin, many commenters on this site regularly site Germany as the cause of Ireland’s ongoing problems.

Then don’t expect to have any publics services around when you go looking for them. Schools tend to be a good thing. A police force, an educational system, a justice system and a casualty department, all of these are useful things.

Z you missed the point that was being made,a billion released to us and a billion being paid out on the 1st of October.Will we still have services on the 2nd?

Nothing to do with the IMF Grainne the ECB are the ones who insisted the bond holders be payed. Remember that next time you go to the polls to vote on a EU matter.

Ssssh its a secret you’re not supposed to say anything.We’re on target we will get out this mess.Now repeat after me We’re on target we…….

Australia is going the exact same way as Ireland. Wait and see in a few years

To create a one world bank with Germany and the U.S at the head table throwing the crumbs to rest of us suckers

Grainne to quote the film Network;

You are an old man who thinks in terms of nations and peoples. There are no nations. There are no peoples. There are no Russians. There are no Arabs. There are no third worlds. There is no West. There is only one holistic system of systems, one vast and immane, interwoven, interacting, multivariate, multinational dominion of dollars. Petro-dollars, electro-dollars, multi-dollars, reichmarks, rins, rubles, pounds, and shekels. It is the international system of currency which determines the totality of life on this planet. That is the natural order of things today. That is the atomic and subatomic and galactic structure of things today!

Goldfish.

There are still nurses, fireman and gardai. There are still streetlights coming on in the evenings. That’s your share right there.

Z?: a bit of light, I can get a jab in the arse and I can get arrested. What fun.

Z? You know ,I know, we all know that billion will spend less than one minute in our department of finance before being transfered back to europe. So what you on about it paying for garda nurses, street lights etc.

Interesting that when mentioning the police, you automatically put yourself in the role of the criminal.

No we are fools to go along with this bailout of banks. When people say no as we have seen today and yesterday go out on the street and say enough then government and those backing them back down. It’s just a pity that the most vulnerable in society had to show us the way.

And what is so wrong with that?

Z?
Well Z. Sometimes logic is abandoned by those who have vested political interests. The poor quality of their economic understanding or the crude language frequently used gives a very clear pointer to the likely part of that spectrum to which they belong. Interesting that their letters to the mainstream or print newspapers are NEVER published. I doubt if that is caused by a political bias on the part of Editors.

It’s because they’re not very good at stringing words together. Not to be snobby, but the printed media still has far higher standards than the new-fangled interweb thingy-ma-gig.

Oh i won’t say that,i’m sure the Indo would have no problem in printing the delightful musings of such insightful individuals as yourselves.

Doubtful, as I write for their competitor.

I’m sure they’ll make an exception for you.

Very doubtful, Norman, as I was less than flattering the last time we met. As you know, The Indo bears grudges. Stop being simplistic. Just because I don’t rate you much and you don’t rate the Indo much doesn’t mean I’m on the same side as the Indo. The world is a tad more complicated that that.

But they’re not lending us money ” so we can dig our way out of this mess”. The money isn’t going into infrastructure, into jobs, into the economy. It’s going into the banks.

Why would they want to do a thing like that!? Bite off the hand that feeds you? No way!!

The ECB and IMF are screwing the Irish people. The only country in the eurozone taking a massive hit on its taxpayers is Ireland. This report proves that. Lets see what happens in september. But my guess is very little. Europe is not your friend, they don’t careless about Ireland.

http://businessetc.thejournal.ie/infographic-irish-banking-costs-583961-Sep2012/

Im just heard that we can take the trike to the European court as they pressured Brian Cowen to bailout the banks. This may have been illegal and can only be proven in court. We can sue these scoundrels for billions

Apologies for typo errors! Troika must have my phone hacked;)!

The banking guarantee scheme was COMPLETELY unconstitutional. It could be fought very easily, but with trojan horse advisers and sentinels of the bond holders around the central bank and department of finance, don’t be surprised if Inda and company do nothing.

If we could scrap Croke perk, balance the books, we’d be in a strong position to negotiate a reduction in the unjustifiable debt burden we’ve been saddled with.

But as long as Enda Kenny earns double what the Spanish PM makes, way more than David Cameron and as much as Merkel (she got a pay rise recently) we’ll never be in that position.

Every county manager in Ireland earns more than the Spanish PM. As do THREE THOUSAND PEOPLE in the HSE. 200 of whom make TWICE what he makes.

This state was founded on a jobs for the boys doctrine. It’s about time we woke up

Let’s be accurate Michael….fiscally and politically. We should also remember good English as it leads readers to a ridiculous idea that you may not know what you’re talking about.