Irish Bailout

Started by mchawe, December 07, 2010, 05:01:43 PM

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mchawe

I found this useful in learning how the Irish bailout works........

QuoteHow the Irish Bailout works:

"It is a slow day in a damp little Irish town. The rain is beating down and the streets are deserted. Times are tough, everybody is in debt and everybody lives on credit. On this particular day a rich German tourist is driving through the town, stops at the local hotel and lays a 100€ note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night. The owner gives him some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the 100€ note and runs next door to pay his debt to the butcher. The butcher takes the 100€ note and runs down the street to repay his debt to the pig farmer. The pig farmer takes the 100€ note and heads off to pay his bill at the supplier of feed and fuel. The guy at the Farmers' Co-op takes the 100€ note and runs to pay his drinks bill at the pub. The publican slips the money along to the local prostitute drinking at the bar, who has also been facing hard times and has had to offer him "services" on credit. The hooker then rushes to the hotel and pays off her room bill to the hotel owner with the 100€ note. The hotel proprietor then places the100€ note back on the counter so the rich traveller will not suspect anything. At that moment the traveller comes down the stairs, picks up the 100€ note, states that the rooms are not satisfactory, pockets the money and leaves town. No one produced anything. No one earned anything. However, the whole town is now out of debt and looking to the future with a lot more optimism. And that, ladies and gentlemen, is how the bailout package works."




Panoptimist

I'm sure it's already back in debt again.

No one stayed at the hotel, but the hotel owner still needs to eat. Consider the effects of inflation, and now the hotel owner is in debt to the butcher for 110 E. The butcher, not making any capital off of the hotel owner, must request that the pig farmer give him yet another advance. The pig farmer, not earning any money from the butcher, strikes a deal with the co op to pay back the cash needed for feed and pay the interest back in manual labor for the co op (or getting his son to do it). The co-op (with a surprisingly liberal agenda that appears to have drawn influence from Talmudic social doctrine) managers, now in need of heavy intoxication, inflate co op prices (to account for low production and currency inflation), pushing out other farmers and using what gains were made (if any) take a trip down to the old pub to drink it away. The publican, seemingly doing well as the last of the bailout money funnels through his establishment, spends all his profit on tugjobs and rear entry. The hooker (A Jewess) having reaped a substantial amount of profits due to the recent bailout takes the money she's been paid and runs to israel. or to the silicon valley. Ireland is fucked again.
The Orthodox Nationalist [11/18/10] - Berdayev and Dostoevsky; Modernism and Materialism; The critique of the bourgeois [Must Listen]
"[W]ithin himself / The danger lies, yet lies within his power]PL[/i] Book IX, ln. 349-356.

CrackSmokeRepublican


How much coincidence can intelligence reasonably bear?


Read below and ask yourself......Is it not clear that Ireland's 'venal ministers' (verse 33) have sacrificed their country on an altar of destruction?

Is it not also clear that this is the fate intended for all nations in order to bring us under the absolute control of some single authority?

You can guess the nature of that 'authority' for yourself.

Here are some extracts from just one chapter of 'the Protocols of Zion'.

Protocols of Zion, Chapter 20


27. .......Thanks to such methods, allowed by the carelessness of the GOY States, their treasuries are empty. The period of loans supervenes, and that has swallowed up remainders and brought all the GOY States to bankruptcy.

28. You understand perfectly that economic arrangements of this kind, which have been suggested to the GOYIM by us, can never be undetaken by ourselves (i.e. we will always lend, never borrow).

29. Every kind of loan proves infirmity in the State and a want of understanding of the rights of the State. Loans hang like a sword of Damocles over the heads of rulers, who, instead of taking from their subjects by a temporary tax, come begging with outstretched palm to our bankers. Foreign loans are leeches which there is no possibility of removing from the body of the State until they fall off of themselves or the State flings them off. But the GOY States do not tear them off; they go on in persisting in putting more on to themselves so that they must inevitably perish, drained by voluntary blood-letting.

TYRANNY OF USURY

30. What also indeed is, in substance, a loan, especially a foreign loan? A loan is -an issue of government bills of exchange containing a percentage obligation commensurate to the sum of the loan capital. If the loan bears a charge of 5 per cent, then in twenty years the State vainly pays away in interest a sum equal to the loan borrowed, in forty years it is paying a double sum, in sixty - treble, and all the while the debt remains an unpaid debt.

31. From this calculation it is obvious that with any form of taxation per head the State is baling out the last coppers of the poor taxpayers in order to settle accounts with wealthy foreigners, from whom it has borrowed money instead of collecting these coppers for its own needs without the additional interest.

32. So long as loans were internal the GOYIM only shuffled their money from the pockets of the poor to those of the rich, but when we bought up the necessary persons in order to transfer loans into the external sphere, all the wealth of States flowed into our cash-boxes and all the GOYIM began to pay us the tribute of subjects (i.e. their taxes are paid to us who are, therefore, now their real government).

33. If the superficiality of GOY kings on their thrones in regard to State affairs and the venality of ministers or the want of understanding of financial matters on the part of other ruling persons have made their countries debtors to our treasuries to amounts quite impossible to pay it has not been accomplished without, on our part, heavy expenditure of trouble and money.........

....36. How clear is the undeveloped power of thought of the purely brute brains of the GOYIM, as expressed in the fact that they have been borrowing from us with payment of interest without ever thinking that all the same these very moneys plus an addition for payment of interest must be got by them from their own State pockets in order to settle up with us. What could have been simpler than to take the money they wanted from their own people?

37. But it is a proof of the genius of our chosen mind that we have contrived to present the matter of loans to them in such a light that they have even seen in them an advantage for themselves.

38. Our accounts, which we shall present when the time comes, in the light of centuries of experience gained by experiments made by us on the GOY States, will be distinguished by clearness and definiteness and will show at a glance to all men the advantage of our innovations. They will put an end to those abuses to which we owe our mastery over the GOYIM, but which cannot be allowed in our kingdom. (This means that this parasitical system will come to an end when the globalist international bankers or whoever this gang of degenerates actually are achieve their 'kingdom'. Read later 'Protocols' for more about this).......

What kind of genius could write such a document......and before 1900?

The writer explains, with casual mastery, mechanisms and outcomes of the processes that direct national and international finance.

He forsees the kind of collapses with which we are now familiar throughout 20th and 21st century history.

He also knows how politicians will behave in these crises. Presumably, understanding that they would never have arrived in their positions of responsibility had they not first proved their venal corruptibility to the people that matter.

We are all falling into a great hole that these people have dug for us.

WHO CONVINCED US THAT WE SHOULD NOT READ THIS DOCUMENT?

http://kevboyle.blogspot.com/2010/11/ir ... iliar.html
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan