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dublin |
worker & community struggles and protests |
event notice
Monday March 29, 2010 11:53
by Eddie - Socialist Party
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Jump To Comment: 1 2 3 4 5 6 7 8 9 10The bailout is scandalous!
Generations to come will be paying for this disaster! Despite all the agruments Lenihan and co will make, all this comes down to is bailouts for the rich, saving the super rich at the expense of the ordinary people. Socialism for the rich and Capitalism for the poor!
"This protest is to coincide with the likely announcement this week that Anglo has losses totalling €10-12 billion and will need another bail out."
Where is the €10-12 billion going to come from?
Will it be "created out of thin air" by one or other of the several privately owned "Central Banks" (as I have fairly recently learned is common practice apparently), which they will then "lend to us" at compound interest rates that the Central Banks in question can vary in a way which means our overall indebtedness to them is always growing; and, that every now and again we have to go back them again to borrow yet more "to keep our heads above water", so that we are also always growing more dependant on them, and consequently ever more under their control as time goes by?
If so, I'm worried: very worried.
Suggestion for anybody unfamiliar with the amazing phenomenon of privately owned "Central Banks" creating money out of this air (which is fraudulent and seriously criminal for everybody else as far as I know) -- simply "Google", or use the Internet search engine of your choice, the string of words just below ("copy and paste style"):
Privately owned central banks can create money out of thin air which they lend to governments at compound interest rates
Fianna Fáil think, obviously, that they have got away with this, and the lamentable Greens, knowing they're finished, fall in behind them. I am reading respected newspaper columnists asking why people aren't on the streets. If we don't protest against this - if Anglo Irish is not shut down and the people responsible for its collapse brought before a court - we deserve what we get.
Photo from irishtimes.com
There's a report on the RTE web site at http://www.rte.ie/news/2010/0402/economy.html which suggests the interest payments on our national debt is at present costing us in the region of €8 million per day.
Not a bad little income for the owners of the privately owned central banks, who apparently can create the money for the loans in question by just typing figures into a computer?
In addition, there's reason to believe that the "central banks" involved are possibly not required to present audited accounts each year, because they are exempt from tax apparently. This certainly seems to be the case with the FED (the United States Central Bank), where, hardly surprisingly at this stage, some 8,000 people are now petitioning against all of this outrageous carry on: please see at http://www.petitiononline.com/fedres/petition.html
The "Central Banks" involved in the swindle cannot produce audited accounts in the normal way, and, at the same time, continue on doing what they are doing, year after year, decade after decade, century after century.
If the Central Banks did produce audited accounts in the usual way, the enormity of the fraud involved would very quickly become obvious to any (and all) of the competent and responsible people who examine such accounts; plus, the examiners of the accounts would have tangible written evidence of the massive amount of crime involved, and thereby be in a very good position to try and have it stopped.
That's how I see things at least.
Perhaps we should turn to an updated version of an old idea for a remedy to our present financial difficulties?
"The Oireachtas (Parliament of the Republic of Ireland) should be applied to, to transfer the right of issuing circulating paper to the Oireachtas exclusively, in perpetuum."
The original idea, in its original form, is as follows:
"The States should be applied to, to transfer the right of issuing circulating paper to Congress exclusively, in perpetuum."
Very closely linked in with the above idea, is the extremely important matter of NOT saddling future generations with OVERWHELMING debt which they played no part whatsoever in creating.
Related Link: http://www.let.rug.nl/usa/P/tj3/writings/brf/jefl219.htm
"They create it out of thin air ..."
There is also a Guardian Newspaper (UK) Article dated 20 March 2008 which also very clearly claims that banks are creating money "out of thin air".
The following piece has been copied from the Article in question:
"At the heart of the matter is the fact that commercial banks are allowed to create almost all the money we use. They create it out of thin air and put it into circulation in the form of profit-making loans."
The full Guardian Article can be viewed at: http://www.guardian.co.uk/commentisfree/2008/mar/20/jam...omthi
Another snippet (from the same Article):
"What we do know is that, once again, governments' failure to control the greed of bankers is creating financial disaster for many innocent people; and that, once again, officialdom has failed to ask the basic questions about why this has happened, and to give answers in words that normal citizens can understand."
It's beginning to look to me as though the global banking system has created vast sums of money (the equivalent of many hundreds of trillions of Euros perhaps?) "out of then air", and by doing close to nothing in the way of any real work in the process, which has resulted in a mountain of global debts of roughly the same size (similarly produced "out of thin air" and to which the global banking system is daily adding interest charges to); but, which the global bankers are now demanding that present and future generations of taxpayers have to pay off using REAL money of the kind that has to be earned the hard way, and which the global taxpayers will never be able to produce enough of, for as long as this global scam is allowed to continue.
If this is what is happening, more or less, then why is our Government going along with it?
I hope somebody can explain.