sandandfoam
Veteran Member
There was a report on the news here in Ireland today that Anglo Irish Bank needs another 15 billion euro. Having been given a blanket guarantee by our treasonous, gangster government that will bring the total bill picked up by the Irish people for Anglo alone to 50 billion. To put that in context our total annual income tax take comes to about 14 billion.
There are five other institutions covered by the no limits guarantee. Their debts have been tied to our national debt. Only the politicians know why.
This unregulated Gordon Geko style hunt for profit has ruined our country. The banks have brought us down. Hope is disappearing fast. There is a desperation here I have not encountered before. The IMF and central bankers in Frankfurt are our new colonial masters. And they too are kicking the **** out of us. Borrowing money at 3% and under and forcing us to pay 6%. They are going to attack the multinational base here because they object to our low corporate tax rate.
Wages are dropping like a stone for anyone with a job. Taxes are rising. Adding insult to injury the scumbag banks who our livings have been savaged to save keep on putting up interest rates over and above the European central bank rate "to safeguard profits" "bondholders must be protected".
Emigration is once again rampant. People can't seem to leave the country fast enough. Meanwhile the muppets in our political parties are rearranging the deckchairs in our 'show' parliament and paying themselves a kings ransom.
#
A series of hairshirt budgets have been inflicted on us. Each time we're told the story has got as bad as it can get it gets worse. There are another string of billions of euro to be cut budgets coming.
I cannot stomach this capitalism. It just sucks.
Rant over
There are five other institutions covered by the no limits guarantee. Their debts have been tied to our national debt. Only the politicians know why.
This unregulated Gordon Geko style hunt for profit has ruined our country. The banks have brought us down. Hope is disappearing fast. There is a desperation here I have not encountered before. The IMF and central bankers in Frankfurt are our new colonial masters. And they too are kicking the **** out of us. Borrowing money at 3% and under and forcing us to pay 6%. They are going to attack the multinational base here because they object to our low corporate tax rate.
Wages are dropping like a stone for anyone with a job. Taxes are rising. Adding insult to injury the scumbag banks who our livings have been savaged to save keep on putting up interest rates over and above the European central bank rate "to safeguard profits" "bondholders must be protected".
Emigration is once again rampant. People can't seem to leave the country fast enough. Meanwhile the muppets in our political parties are rearranging the deckchairs in our 'show' parliament and paying themselves a kings ransom.
#
A series of hairshirt budgets have been inflicted on us. Each time we're told the story has got as bad as it can get it gets worse. There are another string of billions of euro to be cut budgets coming.
I cannot stomach this capitalism. It just sucks.
Rant over