I'm angry, angry enough to type a blog about it. If you haven't already heard Ireland is getting a massive (billionssz of euros) bail out by some money loaning thingy in Europe and It'll will financially crush me, my kids and my kids' kids till the end of time.
The worst part is the government STILL refuses to accept that we need help and is giving the riddled-est answers of the century. Not stating facts about whats the plan going forward or even where we stand RIGHT NOW!
goddam it..... *sigh* its so maddening with no-one person to blame.
Bankers give tons of stupid loans nobody will pay, give themselves big bonuses, bank goes kapow, gets bailed out by taxpayers money, gg us, trollface bankers.
On November 19 2010 03:52 Slayer91 wrote: Bankers give tons of stupid loans nobody will pay, give themselves big bonuses, bank goes kapow, gets bailed out by taxpayers money, gg us, trollface bankers.
Hahaha - I lol'd Sadly enough there was not a false word in the above statement
Sounds quite similar to what has happened in the United States and indeed all over the globe: governments subsidize banks to allow/encourage them to make financially unsound loans to people that likely cannot repay them. Here it was under the guise of "every American should be able to own a home."
Governments cannot truly create jobs, they cannot truly create wealth, yet they consistently act as if they can do both. Faulty notions of the purpose of government will sink this world, potentially in our lifetime.
On November 19 2010 03:51 Lefnui wrote: I wish I knew more about Irish politics. Could either of you give me a general idea?
Politically Ireland is a very young country, we haven't even been a republic for 100 years so the politcal parties still don't really know how to run a country, there's two main political parties who have no real idealogical difference, the only real difference is one has been in power for longer so are significantly more corrupt. Ireland is still quite a small country so getting voted in is purely a case of who you know and networking, the people mostly in government have absolutely no idea what to do or even what went wrong, our minister for finance is a barrister, our minister for science probably can't spell science, our last and current minister for education know nothing about education so are consistently dumbing down the education system so soon we won't have any capable graduates anymore.... as Kent Brockman says, "things are only going to get worse before they get better."
On November 19 2010 04:00 Ingenol wrote: Sounds quite similar to what has happened in the United States and indeed all over the globe: governments subsidize banks to allow/encourage them to make financially unsound loans to people that likely cannot repay them. Here it was under the guise of "every American should be able to own a home."
Governments cannot truly create jobs, they cannot truly create wealth, yet they consistently act as if they can do both. Faulty notions of the purpose of government will sink this world, potentially in our lifetime.
Yeah but you guys have real politicians we have alcoholics and cancer patients.
On November 19 2010 04:00 Ingenol wrote: Sounds quite similar to what has happened in the United States and indeed all over the globe: governments subsidize banks to allow/encourage them to make financially unsound loans to people that likely cannot repay them. Here it was under the guise of "every American should be able to own a home."
Governments cannot truly create jobs, they cannot truly create wealth, yet they consistently act as if they can do both. Faulty notions of the purpose of government will sink this world, potentially in our lifetime.
Yeah but you guys have real politicians we have alcoholics and cancer patients.
Honestly, I think I would prefer the alcoholics and cancer patients. Our "real politicians" have been sucking pretty god damn hard for the past 10 years. I miss Clinton...
On November 19 2010 04:00 Ingenol wrote: Sounds quite similar to what has happened in the United States and indeed all over the globe: governments subsidize banks to allow/encourage them to make financially unsound loans to people that likely cannot repay them. Here it was under the guise of "every American should be able to own a home."
Governments cannot truly create jobs, they cannot truly create wealth, yet they consistently act as if they can do both. Faulty notions of the purpose of government will sink this world, potentially in our lifetime.
Yeah but you guys have real politicians we have alcoholics and cancer patients.
Haha, I'm of the opinion that a "real politician" is one of the worst things on Earth!
I know everything about Irish economy by the number of summer students in the US. 6 years ago Ireland was doing great, this year it was in shambles apparently. It's all good, gives a boost to the US economy.
On November 19 2010 04:00 Ingenol wrote: Sounds quite similar to what has happened in the United States and indeed all over the globe: governments subsidize banks to allow/encourage them to make financially unsound loans to people that likely cannot repay them. Here it was under the guise of "every American should be able to own a home."
Governments cannot truly create jobs, they cannot truly create wealth, yet they consistently act as if they can do both. Faulty notions of the purpose of government will sink this world, potentially in our lifetime.
Do I hear a teabagger? If not I apologize for the insult.
On November 19 2010 04:00 Ingenol wrote: Sounds quite similar to what has happened in the United States and indeed all over the globe: governments subsidize banks to allow/encourage them to make financially unsound loans to people that likely cannot repay them. Here it was under the guise of "every American should be able to own a home."
Governments cannot truly create jobs, they cannot truly create wealth, yet they consistently act as if they can do both. Faulty notions of the purpose of government will sink this world, potentially in our lifetime.
Yeah but you guys have real politicians we have alcoholics and cancer patients.
Haha, I'm of the opinion that a "real politician" is one of the worst things on Earth!
On November 19 2010 04:25 News wrote: A stand-up comedian is the best possible argument in any debate.
Right, because comedians never have relevant, intelligent views.
Ever heard of Jon Stewart or Stephen Colbert?
*insert a video of a fat kid farting in a bathtub* Nope, are they any good?
Well they totally contradict what you just implied. Just thought I'd mention them for that reason.
I'm watching "Stephen Colbert Opening Statement" right now on youtube, didn't want to search for Jon Stewart because the name sounded familiar. It's pretty amusing I must say, not Doug Stanhope but better than that lesbian comic (Ellie Degenerates or w/e).
On November 19 2010 04:34 NIIINO wrote: Dont worry guys We are going to help you ! : )
You know 2012 is near once Slovakia starts helping other nations.
On November 19 2010 04:00 Ingenol wrote: Sounds quite similar to what has happened in the United States and indeed all over the globe: governments subsidize banks to allow/encourage them to make financially unsound loans to people that likely cannot repay them. Here it was under the guise of "every American should be able to own a home."
Governments cannot truly create jobs, they cannot truly create wealth, yet they consistently act as if they can do both. Faulty notions of the purpose of government will sink this world, potentially in our lifetime.
Yeah but you guys have real politicians we have alcoholics and cancer patients.
Haha, I'm of the opinion that a "real politician" is one of the worst things on Earth!
Sorry, I think you misunderstood. We don't have alcoholics and cancer patients as our politicians, they'd do a somewhat better job. It's our politicians who also have those attributes. And they're don't even try to hide it.
Clinton got in big trouble with Monica? There was barely any argument about Ahern and his secretary =P
With regards to the Carlin video, politicians are pretty much defacto corrupt because the ones that go for it are usually people who don't want normal jobs and want to have power, the ones that rise to the top are the ones that are good at canvasing and lying and talking to get people to vote for them, unfortunately they are not qualities we want to actually run the country. The majority of people who could run the country well wouldn't want to do the job, because they understand the pressure and responsibility and guilt, its the guys who are keeping their seat warm in hell who actually step up to the job. The people aren't given much choice on who to vote for.
Sometimes I wish I'd learned German instead of French, seems like there's a country that actually gets shit done.
And Irish politicians get voted in very much based on who they know and their family background, look at the amount of politicians who's father or uncle or grandfather or even brother were also high up in that party. It's so small-scale
On November 19 2010 04:00 Ingenol wrote: Sounds quite similar to what has happened in the United States and indeed all over the globe: governments subsidize banks to allow/encourage them to make financially unsound loans to people that likely cannot repay them. Here it was under the guise of "every American should be able to own a home."
Governments cannot truly create jobs, they cannot truly create wealth, yet they consistently act as if they can do both. Faulty notions of the purpose of government will sink this world, potentially in our lifetime.
Yeah but you guys have real politicians we have alcoholics and cancer patients.
Haha, I'm of the opinion that a "real politician" is one of the worst things on Earth!
With regards to the Carlin video, politicians are pretty much defacto corrupt because the ones that go for it are usually people who don't want normal jobs and want to have power
People with normal jobs don't have them because they want normal jobs. If you offered the average person a place of power and responsibility, which usually pays accordingly, they would take it in an instant. And they wouldn't need to be greedy or power lusting either. The average person doesn't try to run simply because the chance that they will win is extremely low.
Do you feel the same way about high level businessmen? After all they showed that same desire for power or money and weren't content with a normal job.
the ones that rise to the top are the ones that are good at canvasing and lying and talking to get people to vote for them, unfortunately they are not qualities we want to actually run the country. The majority of people who could run the country well wouldn't want to do the job, because they understand the pressure and responsibility and guilt, its the guys who are keeping their seat warm in hell who actually step up to the job. The people aren't given much choice on who to vote for.
These supposed people who would run the country don't want the job because they rather not have the responsibility? So they would rather that corrupt people are in control instead of having to shoulder a burden? And why should they feel guilty about it? There's absolutely nothing wrong with being in a place of power. It's what you do with that power which counts.
Most people do not vote for someone because "they're the lesser of two evils". That is a minority position. The majority of people believe in who they're voting for. And if the politician is indeed lying and the voter has been tricked, then that reflects very poorly on them as well.
On November 19 2010 04:02 Slayer91 wrote: Yeah but you guys have real politicians we have alcoholics and cancer patients.
Best post ever
If I were German I'd be pissed. They have to pay to bail out the Greeks (while the Greeks are protesting that the government is going to increase their already lofty retirement age), and now the Irish.
On November 19 2010 04:02 Slayer91 wrote: Yeah but you guys have real politicians we have alcoholics and cancer patients.
Best post ever
If I were German I'd be pissed. They have to pay to bail out the Greeks (while the Greeks are protesting that the government is going to increase their already lofty retirement age), and now the Irish.
German is a huge exporter though, especially to the Euro zone. Meaning that while the Irish have been enjoying high salaries and low taxes they've been buying German products. The money that Irish people have been loaning have been spent on a lot of German products.
EDIT: Of course, countries having welfare that they can't afford is nothing but bad news for the entire Euro zone.
On November 19 2010 04:00 Ingenol wrote: Sounds quite similar to what has happened in the United States and indeed all over the globe: governments subsidize banks to allow/encourage them to make financially unsound loans to people that likely cannot repay them. Here it was under the guise of "every American should be able to own a home."
Governments cannot truly create jobs, they cannot truly create wealth, yet they consistently act as if they can do both. Faulty notions of the purpose of government will sink this world, potentially in our lifetime.
Yeah but you guys have real politicians we have alcoholics and cancer patients.
Haha, I'm of the opinion that a "real politician" is one of the worst things on Earth!
With regards to the Carlin video, politicians are pretty much defacto corrupt because the ones that go for it are usually people who don't want normal jobs and want to have power
People with normal jobs don't have them because they want normal jobs. If you offered the average person a place of power and responsibility, which usually pays accordingly, they would take it in an instant. And they wouldn't need to be greedy or power lusting either. The average person doesn't try to run simply because the chance that they will win is extremely low.
Do you feel the same way about high level businessmen? After all they showed that same desire for power or money and weren't content with a normal job.
the ones that rise to the top are the ones that are good at canvasing and lying and talking to get people to vote for them, unfortunately they are not qualities we want to actually run the country. The majority of people who could run the country well wouldn't want to do the job, because they understand the pressure and responsibility and guilt, its the guys who are keeping their seat warm in hell who actually step up to the job. The people aren't given much choice on who to vote for.
These supposed people who would run the country don't want the job because they rather not have the responsibility? So they would rather that corrupt people are in control instead of having to shoulder a burden? And why should they feel guilty about it? There's absolutely nothing wrong with being in a place of power. It's what you do with that power which counts.
Most people do not vote for someone because "they're the lesser of two evils". That is a minority position. The majority of people believe in who they're voting for. And if the politician is indeed lying and the voter has been tricked, then that reflects very poorly on them as well.
I dunno, I'm pretty sure most people wouldn't accept a government job if they didn't think they were qualfied for it, even with money. High level buisnessmen get there by being skilled at their trade. Politics is getting votes to get power, using that well doesn't share the same skills as getting it. I don't really know many people who honestly believe in the people they vote for. And you pretty much have to lie, call it exaggeration but you won't be able to meet all the claims you say you will to get elected.
So the bailout will help Ireland for a few months then they will need another bailout. Same story with Greece whos budget deficit is still increasing.
This bailout stuff is all bollocks , the Euro experiment has failed , countries need to go back to their own currencies and be able to fix their own interest rates or let their own currency devalue in the open market.
Well, I don't think we'll need another bailout, the point was the people and the government were spending money that wasn't there so the economy backfires and now nobody loans/spends a lot and the government gets even less money, and they're also in debt.
On November 19 2010 08:02 Thrill wrote: Honestly, what's with "feck"? It drives me crazy to no end hearing it, reading it.. :s
Haha! "Feck" is mostly from 'Father Ted', a channel 4 comedy about Irish priests, they swear by saying "feck" instead of "fuck" so it wouldn't be bleeped but then it kind of took over in Ireland, it's very common, people don't think you're swearing if you say "feck" rather than "fuck."
On November 19 2010 07:49 iPlaY.NettleS wrote: So the bailout will help Ireland for a few months then they will need another bailout. Same story with Greece whos budget deficit is still increasing.
This bailout stuff is all bollocks , the Euro experiment has failed , countries need to go back to their own currencies and be able to fix their own interest rates or let their own currency devalue in the open market.
It has nothing to do with the euro, it just bad decisions in times of amazing growth (invest? nope! greed? plz!!), and part by the financial crash cased by Stockbrokers the world over.
Its the FECKing Banks there to blame and the ignorannnnt fuckers who make the money, in short not me or you.
On November 19 2010 08:02 Thrill wrote: Honestly, what's with "feck"? It drives me crazy to no end hearing it, reading it.. :s
Haha! "Feck" is mostly from 'Father Ted', a channel 4 comedy about Irish priests, they swear by saying "feck" instead of "fuck" so it wouldn't be bleeped but then it kind of took over in Ireland, it's very common, people don't think you're swearing if you say "feck" rather than "fuck."
Man when did it become common for an Irish lad to watch his language? These guys be cussing left and right even if they are doing a tour in a retirement house.
On November 19 2010 04:00 Ingenol wrote: Sounds quite similar to what has happened in the United States and indeed all over the globe: governments subsidize banks to allow/encourage them to make financially unsound loans to people that likely cannot repay them. Here it was under the guise of "every American should be able to own a home."
Governments cannot truly create jobs, they cannot truly create wealth, yet they consistently act as if they can do both. Faulty notions of the purpose of government will sink this world, potentially in our lifetime.
Yeah but you guys have real politicians we have alcoholics and cancer patients.
Haha, I'm of the opinion that a "real politician" is one of the worst things on Earth!
With regards to the Carlin video, politicians are pretty much defacto corrupt because the ones that go for it are usually people who don't want normal jobs and want to have power
People with normal jobs don't have them because they want normal jobs. If you offered the average person a place of power and responsibility, which usually pays accordingly, they would take it in an instant. And they wouldn't need to be greedy or power lusting either. The average person doesn't try to run simply because the chance that they will win is extremely low.
Do you feel the same way about high level businessmen? After all they showed that same desire for power or money and weren't content with a normal job.
the ones that rise to the top are the ones that are good at canvasing and lying and talking to get people to vote for them, unfortunately they are not qualities we want to actually run the country. The majority of people who could run the country well wouldn't want to do the job, because they understand the pressure and responsibility and guilt, its the guys who are keeping their seat warm in hell who actually step up to the job. The people aren't given much choice on who to vote for.
These supposed people who would run the country don't want the job because they rather not have the responsibility? So they would rather that corrupt people are in control instead of having to shoulder a burden? And why should they feel guilty about it? There's absolutely nothing wrong with being in a place of power. It's what you do with that power which counts.
Most people do not vote for someone because "they're the lesser of two evils". That is a minority position. The majority of people believe in who they're voting for. And if the politician is indeed lying and the voter has been tricked, then that reflects very poorly on them as well.
I dunno, I'm pretty sure most people wouldn't accept a government job if they didn't think they were qualified for it, even with money. High level businessmen get there by being skilled at their trade. Politics is getting votes to get power, using that well doesn't share the same skills as getting it. I don't really know many people who honestly believe in the people they vote for. And you pretty much have to lie, call it exaggeration but you won't be able to meet all the claims you say you will to get elected.
This is true politicians always, ALWAYS lie about something to get votes.
E.G. in England recently there were Student riots because cameron & co went back on a promise about student fees. Im sure it was covered by the world media?
On November 19 2010 07:49 iPlaY.NettleS wrote: So the bailout will help Ireland for a few months then they will need another bailout. Same story with Greece whos budget deficit is still increasing.
This bailout stuff is all bollocks , the Euro experiment has failed , countries need to go back to their own currencies and be able to fix their own interest rates or let their own currency devalue in the open market.
It has nothing to do with the euro, it just bad decisions in times of amazing growth (invest? nope! greed? plz!!), and part by the financial crash cased by Stockbrokers the world over.
Its the FECKing Banks there to blame and the ignorannnnt fuckers who make the money, in short not me or you.
edit:
the pints all tasted bitter.....
Well, the Euro is too strong and it has been for quite a long time.
you've got a 2 speed economy in the euro zone stronger economies like Germany , France and Switzerland and the basket cases like Portugal , Spain , Greece and Ireland
On November 19 2010 03:52 Slayer91 wrote: Bankers give tons of stupid loans nobody will pay, give themselves big bonuses, bank goes kapow, gets bailed out by taxpayers money, gg us, trollface bankers.
That's a good summary. I expected Ireland to face this kind of situation. I spent a few weeks there last year and what stroke me is that everything was discounted, there were many hotels and restaurant closing down etc. I went to a brand new shopping mall in Drogheda, and it was all empty
On November 19 2010 04:50 Slayer91 wrote: Sometimes I wish I'd learned German instead of French, seems like there's a country that actually gets shit done.
I feel the same way... :/ It seems like emigration is the best option
On November 19 2010 07:49 iPlaY.NettleS wrote: So the bailout will help Ireland for a few months then they will need another bailout. Same story with Greece whos budget deficit is still increasing.
This bailout stuff is all bollocks , the Euro experiment has failed , countries need to go back to their own currencies and be able to fix their own interest rates or let their own currency devalue in the open market.
It has nothing to do with the euro, it just bad decisions in times of amazing growth (invest? nope! greed? plz!!), and part by the financial crash cased by Stockbrokers the world over.
Its the FECKing Banks there to blame and the ignorannnnt fuckers who make the money, in short not me or you.
edit:
the pints all tasted bitter.....
Well, the Euro is too strong and it has been for quite a long time.
Think another part of the problem is that individual contries cant adjust thier currency to fit thier own needs. Not sure exactly what changes each country can make when it comes to interest and bank rates and currency values. But read something on how one reason for Swedens relatively good position during and after the financial crise has been so good is that we can adjust our currency to fit exactly our needs, while countries like Greece has no choice but to stick to Euro and be dependant on how it stands, when it stands way way to high for thier needs due to the strenght of Euro as a whole (mostly due to Germany?).
Anyone with more expertise in the matter are welcome to correct me, just what i read in the newspaper
And yeah Germany cant be thrilled... Wonder if they will stick to the Union or try to GTFO of there, cant see it doing them any good.
There's no point in stronger economies like Germany leaving the Union at this point, it's much more of a problem for countries with debt problems like Greece and Ireland. Normally countries can use inflation to pay off part of their debt, but since they can't do that as long as they're on the Euro, they might be forced to default.
On November 19 2010 07:49 iPlaY.NettleS wrote: So the bailout will help Ireland for a few months then they will need another bailout. Same story with Greece whos budget deficit is still increasing.
This bailout stuff is all bollocks , the Euro experiment has failed , countries need to go back to their own currencies and be able to fix their own interest rates or let their own currency devalue in the open market.
It has nothing to do with the euro, it just bad decisions in times of amazing growth (invest? nope! greed? plz!!), and part by the financial crash cased by Stockbrokers the world over.
Its the FECKing Banks there to blame and the ignorannnnt fuckers who make the money, in short not me or you.
edit:
the pints all tasted bitter.....
I agree with Nettles with the less developed countries needing their own currency so as to cause devaluation and hopefully more exporting.
@ Cpt.beefy: To say that the financial crash was in part caused by Stockbrokers the world over is something I haven't heard yet. Thanks for the laugh. Brokers are simply the medium many investors go through to invest. It's like blaming a door for allowing people into a room.
Also, the blame goes both ways. Banks issued loans they knew were almost certain to fail and people irresponsibly took the loans. The only reason banks made to loans was largely due to securitization where the mortage loan is bundled with similar risk loans and traded on wall street. Coincidentally, when you and I invested our money the general asset allocation rule was geared for a heavy position in mortgage securities. Banks would never issue so many sub-prime and ARM loans if they knew they couldn't get rid of them. This is why so many banks failed...when the market turned for the worse they were faced with numerous toxic loans on they're balance sheets.
stockerbrokers are the people who control the market with there actions. (rates go up and down due too them. They have the overall picture of there respective assets/clients. You can't say that they had no part in the financial crash because they make all the deals. sell when things don't look good/there are rumors of business lossing money. Buy if theres a profit too be made. I don't know alot about corporate tax thingy. But im glad you had a laugh from my stupid words.
Either way ireland as a financial landscape is fucked. I've avoided the news since it was released its too depressing to contemplate. So i don't.
I don't want too argue about the details. The reality is as it is.
Yeah, I agree Ireland is in a crisis. I'm not arguing or even attempting to but the financial markets are often misunderstood.
For instance when you say stockbrokers control the markets, it simply just isn't true. Rates do not go up and down due to them. When you say rates I'm assuming you mean the LIBOR-rate and the United States Federal rate. These rates are controlled by the countries own monetary systems as a means to combat inflation or depression/recessions. Sadly enough, the details are what matter here.
On November 19 2010 04:00 Ingenol wrote: Sounds quite similar to what has happened in the United States and indeed all over the globe: governments subsidize banks to allow/encourage them to make financially unsound loans to people that likely cannot repay them. Here it was under the guise of "every American should be able to own a home."
Governments cannot truly create jobs, they cannot truly create wealth, yet they consistently act as if they can do both. Faulty notions of the purpose of government will sink this world, potentially in our lifetime.
Yeah but you guys have real politicians we have alcoholics and cancer patients.
Honestly, I think I would prefer the alcoholics and cancer patients. Our "real politicians" have been sucking pretty god damn hard for the past 10 years. I miss Clinton...
All this recent economy going to shit stuff makes me wonder if communism is where its at because it seems like China is the only one steadily progressing through the last 50 years or whatever.
On November 23 2010 19:29 CharlieMurphy wrote: All this recent economy going to shit stuff makes me wonder if communism is where its at because it seems like China is the only one steadily progressing through the last 50 years or whatever.
progressing through what? longer working hours? increasing pollution?
Communism doesn't work , neither does capitalism as it eventually undermines itself as has been happening in the west for over 30 years.
EPT
Sadly enough there was not a false word in the above statement 
