Sinn Féin activists breach gates of Government Buildings (protest over imposed austerity measures)

Here we go again.

Screw the brits. Most people don’t realize but northern ireland protects freedom of speech and they allow their citizens to own firearms defying the pompous queen. N ireland should be separate from the brits!

Here we go again.

Sigh. You said it.

agreed

The IRA is threatening to bomb bankers as far as the regular people they are sick of being robbed by the banks that’s whose debt it is they socialized the losses. They say the whole bailout might come apart people are starting to storm buildings over there and they want elections to dump the people forcing them to bail out the banks.

Real IRA threatens to attack British bankers

http://www.telegraph.co.uk/news/uknews/terrorism-in-the-uk/8003234/Real-IRA-threatens-to-attack-British-bankers.html

Ireland: Bailout Down The Drain?

Questions remain.....

The government is under siege, with protesters attempting to storm Parliament. More-ominously, however, is that The Green Party appears to have pulled out from their government coalition, which would mean that any budgetary reforms that are as a condition of the bailout could fail.

That, in turn, would trash the entire process.

The EU in turn has said that Ireland is willing to consider “softening” their position on the corporate tax rate. This has trouble written all over it, as much of the “Irish Miracle” has been due to the very low corporate tax rate that dragged a number of corporate headquarters there - including some from the United States. Should changes in tax rates promote corporate flight further serious pressure would be placed on government budgets due to the loss of jobs and thus tax revenue.

The ultimate problem with bailouts is that everyone seems to think there’s a free lunch. There isn’t. You can rob someone to pay someone else, but you can’t conjure up money from nowhere. But bailouts inherently wind up taxing the people who got robbed in the first place to pay off the people who made the bad bets and lost money. When it comes to bailing out banks it gets even worse due to the leverage involved - the banksters keep the money, including their salary and bonuses, while the people get robbed not only in the form of losses on their so-called “safe” investments but then again when they are taxed to fund the bailout!

There’s nothing like getting stuck up at gunpoint and not only losing the hold-up money but then being taxed a second time to pay for the robbery in which you were victimized!

This nonsense has to stop and the banks involved must be taken into receivership, reorganized, and the executives involved removed from their positions, tried and jailed.

http://market-ticker.org/akcs-www?post=172991

Jim Rogers: “Ireland Should Go Bankrupt”

http://www.youtube.com/watch?v=1tk2IFsUtJc&feature=player_embedded

In this interview with the RT, Jim Rogers says what everyone except a few bankers and corrupt politicians know to be the case: namely, that Ireland should go bankrupt. Instead, the government is forcing the country into a tough spot, where social tensions are flaring, and could erupt into an all out social conflict, confirming that the interests of its people is the last thing the Irish government cares about, and is only concerned about preserving what is now virtually proven to be a failed model (even JPM said so), and prevent losses at all major German and English banks. Quote Rogers: “It would teach everybody a good lesson, and in the end Europe would be stronger for it, and the EUR would be stronger... You can not spend staggering amounts of money that you don’t have of other people’s money that you don’t have because somebody has to pay the piper. This is ludicrous. This will cripple the Irish economy for years to come. In the future Ireland will be crippled because everything they earn will go to pay off old debt. There is no reason why taxpayers around Europe or in Ireland should pay for other people’s mistakes. The bondholders and the stockholders of banks should lose money”... So simple, yet so irrelevant when dealing with a dying economic model.

http://www.zerohedge.com/article/jim-rogers-ireland-should-go-bankrupt

I wonder if they have Acorn in Ireland and if they forced these banks to make RISKY loans?

But Ireland has one huge problem that may soon make it a supplicant to its European brethren: A failed banking sector that Ireland’s government can no longer rescue on its own. Ireland is in the midst of a real estate bust that could trump even the ruinous downturns that turned parts of southern California and Nevada into suburban ghost towns, with home-grown banks stoking it all. Now, those banks are trying to manage catastrophic losses. The Irish government has effectively nationalized the nation’s biggest banks by guaranteeing their debt, which would be akin to the U.S. government taking over Citigroup, Bank of America, J.P. Morgan Chase and Wells Fargo.

That means the Irish government is also on the hook for the losses those banks endure—which have risen far beyond initial estimates, and may have a lot farther to go. So far, the Irish government is obligated to cover losses amounting to 175 percent of Irish GDP, which is becoming an unsustainable burden. “If the Irish banks go down, the Irish government also goes down,” says economist Jacob Kirkegaard of the Peterson Institute for International Economics.

http://finance.yahoo.com/news/Why-the-Irish-Crisis-is-Going-usnews-4028366968.html?x=0

Kinda off topic, no?

They are a bunch of Marxist and always have been.

I am with you. Bank bailouts are government backed robbery.

A ponzi scheme writ large.

thanks Zakeet.

Ireland’s EU-IMF rescue means bank shake-up, likely fall of Irish government in January
http://www.freerepublic.com/focus/news/2631282/posts

1-—Only handguns are banned in Britain. British people on the mainland can own shotguns and rifles as long as they are licenced.

2—The British gun laws, or NI’s, have nothing to with the Queen. The Queen has no power.

3—The people of NI wish to remain British. When that changes, NI will become independent. Thats a decision for the people of NI.

Not Yanks like you with an Irish great-great-granny. You have as much right to tell the Northern Irish what to do with their own country as they have the right to tell you what to do in 2012.

The future of NI is for the people there, and at most the Scots, Welsh and English on mainland Britain. The Southern Irish have no say in the matter, let alone dewey-eyed Irish-Americans.

Many of whom will be descended from Protestant Irish (the ‘Ulster Scots’/’Scotch-Irish’), and whose Irish cousins are the very people who wish to remain British.

(50-58% of Irish-Americans acoordinbg to recent research are Protestant and descended from the group mentioned above, NOT the Catholic Irish)