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At the time, it was reported that Kelly had previously been told that aspects of the investigation would not be completed before the end of 2011, although the original date of conclusion was March 2011.
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Unless Ireland can outperform the Euro zone by 1% every year for the next 40 year, inflation will not decrease the burden it will add to it.
Michael Noonan “forgot” (read refused), to tell us what the banks have legally had to tell us for years, “Past performance is no indication of future performance”.
For the benefit of readers who might not understand what you’re getting at, Eurostat figures put Inflation in the Eurozone at 2.0% in the year to January 2013.
It is working! For the billionaires that is.. their wealth is increasing rapidly.. look it up yourselves.
Look at the situation from the perspective of its creators.
And is anyone really surprised by this? What exactly is it going to take to make the Germans realise that austerity economics is not working – you can’t cut your way out of a recession.
It’s not entirely bad news for Ireland. It means that interest rates are unlikely to rise at any time in the near future, which will be a relief to anyone who owes any significant debt.
The debt based money system we use is essentially a ponzi scheme. As money is only created through debt and it demands payment with interest it is mathematically impossible to pay down all debts. The system must grow exponentially to feed the new money creation. Unfortunately permanent exponential growth is also mathematically impossible. By taking on the debts of the sick monsters who would enslave us our government has sold us down the river and up the swanny. We can just hope against hope that the system’s bubble reinflates itself long enough for us to dig ourselves out of this. The future of this country depends upon this very dodgy gamble…
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