What’s worse is the selling of assets will invariably lead to further job cuts… you’ll then have the Troika threaten us because not enough is been done to secure jobs, while at the same time demanding that the government spend less on job creation.

It’s disgusting really… we’re been screwed from every angle.

we are being asset stripped gentlemen plain and simple

Correct, all while being governed by a party big on privatisation. Fine Gael are up to their necks in this and could easily renegotiate to save our family silver.

Read Naomi Kleins ‘The Shock Doctrine’ for a trenchant & frightening description of how exactly this has been done before. The sovereign value of everything belong to the people which provides a sustainable life is being ‘monetized’ & privatized to the very people who caused all this hardship.

Looting and pillaging first thing that comes to mind .

@P Ni Riogain I recommend you read “Confessions of an Economic Hitman” by John Perkins to see exactly what is being done to this country.

@ Graham and P. Ní, brilliant book recommendations, just to add to them a link to the hit man interview

http://www.youtube.com/watch?v=aqIHKWd9rSc&feature=youtube_gdata_player

I haven’t read those books but I will now that you suggested them. It’s essential to gain as much knowledge as possible about the current world economic situation and our own in particular. Spread the knowledge. Scare the shit out of our so called representatives. Knowledge is power. They can’t censor us just yet!

This the Troika talking, so what we need now is a government and a in particular the Taoiseach of this country, who the people elected to lead them, to go and tell the troika NO.

Mark my words, Pinocchio Kenny will be on every news medium over the coming days saying that this is unacceptable and he won’t stand for it, but it’s all complete bluster, he will do absolutely sweet FA about it. The guy is completely clueless.

Why is the 3rd WORLD, THE 3RD WORLD, the money barons have robbed these countries of their enormous assets, minerals,oil, et al, and its not current assets ,but assets that may come on line in the future
They lend these countries billions at extortion interest rates, knowing full well they will never be able to pay,so as collateral they snap up all the wealthy assets , and pay buttons for them. These crooks ,IMF,WORLD BANK, ECB, ARE WEAPONS OF WAR.

Whist some years ago Bono and Geldof, were kissing ass, and organizing fund raising ,the IMF insisted on interest repayments from these nations which were twice the amount paid out to them by these charities,

Any Irish government who allows the nations assets (the peoples’ assets) TO BE STOLEN ARE TRAITORS,AND THE PEOPLE OF IRELAND IF THEY SIT BY AND WATCH, ARE A DISGRACE TO ALL THOSE, WHO GAVE THEIR LIVES OVER PAST CENTURIES. It must be stopped, QUITE SIMPLY, DON’T PAY ANY MORE MONEY TO THESE WEALTHY BOND HOLDERS. IT MUST BE STOPPED. DON’T PAY.

@ peter,I agree with what you mean, its a true saying
The rich get richer and the poor get poorer
But a lot was down to the Irish person who borrowed way beyond their means so much that property went way beyond its value
Builders couldn’t knock houses up quick enough the average 3bed Simi in my area was built for about 100k site included and sold for 300+ now however 150 will buy the same house

Selling loss-making assets such as ESB, Bus Eireann etc. Isn’t asset- stripping. It’s liability stripping.
Having said that, attempting to service unserviceable debts is a waste of resources.
Also, Naomi Klein is economically illiterate.

Is it better to know that the emperor has no clothes or to have a receipt and proof of how expensive those threads are? Naomi Klein isn’t economically illiterate, she has shown that the economic hegemony is a fraud, not the same thing, however this is difficult to see if you haven’t opened your eyes.

Is it better to know that the emperor has no clothes or to have a receipt and proof of how expensive those threads are? Naomi Klein isn’t economically illiterate, she has shown that the economic hegemony is a fraud, not the same thing, however this is difficult to see if you haven’t opened your eyes.

Current Irish government are traitors. Just like the last. Selling off Irish assets funded by Irish people over the years for what?

So we never borrowed the monies to sustain an artificial boom period for hears more than was prudent and we didn’t have the highest per capita income in the EU and we didn’t buy more properties in Spain , Portugal and Bulgaria than any other European Nation and we didn’t enjoy sales of high end Mercedes cars that were the highest per capita in the world . So someone is telling porkies!

Yes Irish Banker, Speculator, Developer, Gambler debts.

How did you expect the loans from intenational lenders to work? Write off the loans because we were collectivelt too thick to scream ‘stop this madness’?

‘Oh, you loaned 1/4 of a billion to some bs-artist in D4 building a 37 storey tower hotel ? … well of course you don’t need to pay us that back. The loan purpose was so ridiculous in the first place’

‘now lets continue on down the list of who you lent the money to that we lent you, so who is Sean Quinn and what did he need the loans for?’

Michael J, arbitrasure – shush now! The truth hurts. No one wants to hear that. So much better to slip into denial / victim mode and pretend the Celtic Tiger never happened.

Great idea. Already did this on mortgage debt before Christmas. Emailed/text all parties and got friends to do same. Still no replies

DB…
I think you’re right.
The points you put across are basic business principals.
“The bottom line is the only thing that matters “.
Seeing as we have nothing but ex- teachers in Government…. I’d ask the question!!!
Name one successful ex teacher that made it big in the commercial sector!!!!
I’m so tired of bluffing ex teachers !!!

Ginger ones not count for extra :)

As a teacher I resent that comment. There are lots of great teachers in the country….they are in our schools, not politics ! The shower you are talking about never wanted to be teachers anyway…and were probably no good at teaching either ?

Not defending them but Pat McDonagh of Supermacs fame if your interested.

Aer Arann is also run by an ex-teacher.

DB – “They’re off their heads…”

Didn’t Obama do some teaching, Oprah was one too and how can we forget Mr T!!!! All fairly successful, maybe not in the commercial world like you asked but all successful.

You see most be who go into teaching do it to help and have, at the beginning at least, a notion to help others. While most business people have a notion of looking after themselves first as that’s what’s needed to succeed in business. Most politicians (former teachers and non teachers) rely very heavily on the advice of the highly paid private sector advisors. Maybe this is where you should aim our ire? Look at James Reilly, when he was head of the IMO he negotiated big rises for his members, compare this to his efforts to gain savings for the government.

I thought Aer Arann had gone bust. Like the Irish State.

well stop electing them then.

Your right for a change.

Or am I wrong now and usually right.?

LOL – Some chance. Enda will do what he’s told like the good puppet that he is!

If Enda put his foot down, he’d give himself a fright!

Pity he wouldn’t put his foot down it might squash that insect Noonan

No chance of Kenny and standing up , all those old f..k,s in planet fail eireann are retiring soon and just like biffo and co. THEY DON,T GIVE A TOSS

What government?

I wonder what the outcome of that referndum would be ?

Which one, the first, third or one with the right answer?

Here here!!! If we did it would be misrepresented, fear mongered, or we’d be made do it twice. FG Eurocrats want big boys jobs after they’ve finished screwing up this country so it won’t happen on their watch! Have you ever heard Lucinda Cretin talk Europe before? It’s enough to make a sane man cry. Blluurghhhh

That’s an excellent proposal – should we start a petition?

this experience should teach the electorate to pay more attention the next time now that the importance of being a citizen and participating proactively in democracy is so much better appreciated.
the gravity of what fianna fail presided over and the total combined incompetence of the Dept of Finance, Central Bank and Regulator are what allowed this to happen.

No FG are allowing this to happen. FF started the truck but FG are happy to drive it to the destination. Give over with the blame game. The responsibility for this mess is shifting with every steep FG take.

Is news not news wether it be positive or negative.I like my news unspun and truthful.

This isn’t good bad news. This is exposition of an opinion. No more, no less. In of itself, the musings of the Troika has no material effect. Amazing how they all of a sudden they have the undivided attention of so many malcontents on here now that they seem at odds with the Government. Yesterday the same people were spitting out the Troika’s name.

Ah Vincent missed you earlier,Frank was looking for your input.Lack of FG supportors on earlier threads.