Ireland on the brink (?) - Page 5 - U2 Feedback

Go Back   U2 Feedback > Lypton Village > Free Your Mind
Click Here to Login
Reply
 
Thread Tools Search this Thread Display Modes
 
Old 11-08-2010, 07:38 PM   #61
ONE
love, blood, life
 
financeguy's Avatar
 
Join Date: Dec 2004
Location: Ireland
Posts: 10,122
Local Time: 10:27 AM
This just in.

Quote:
'Zimbabwe is not Ireland' - President Robert Mugabe

President for Life of Zimbabwe Dr Robert Mugabe has angrily rejected suggestions that the economic problems facing Zimbabwe are on a par with those of Ireland.

"The five year national plan will reinvigorate our society and country. Zimbabwe is a thriving modern economy and far from being bankrupt looks forward to the future with confidence and vigour. We are not at all like Ireland, which is a failed political entity whose economy has been driven into the ground by a corrupt ruling class. I repeat - we are Zimbabwe, not Ireland."

Meanwhile, Irish bond yields hit new records on the markets today amid fears that the country will not be able to re-finance its debt, and General McGuinness, who seized power in a coup just five months ago, promising to lead the country out of its five year long economic depression and bring corrupt politicians and bankers to justice, is believed to be lying low at an undisclosed location after angry, ravenous mobs, descended on his Clarence City bunker.
__________________

__________________
financeguy is offline   Reply With Quote
Old 11-08-2010, 07:39 PM   #62
ONE
love, blood, life
 
financeguy's Avatar
 
Join Date: Dec 2004
Location: Ireland
Posts: 10,122
Local Time: 10:27 AM
Quote:
Originally Posted by Zoomerang96 View Post
if you close your eyes for long enough, it'll all just... figure itself out on its own.
I will try this.
__________________

__________________
financeguy is offline   Reply With Quote
Old 11-08-2010, 09:50 PM   #63
Refugee
 
A stor's Avatar
 
Join Date: Jul 2007
Location: U.S.A. East Coast
Posts: 2,464
Local Time: 09:27 AM
I heard that Ireland may need a bail out like Greece from the European Union.
__________________
A stor is offline   Reply With Quote
Old 11-09-2010, 10:09 PM   #64
ONE
love, blood, life
 
financeguy's Avatar
 
Join Date: Dec 2004
Location: Ireland
Posts: 10,122
Local Time: 10:27 AM
Much of the so-called 'government' debt of Ireland relates to private sector debts incurred by privately owned banks and property developers which are in turn owed to other privately owned banks, which have been foisted on the Irish taxpayer by its corrupt and/or compliant, supine, servile, cowardly and downright traitorous government.

As Alan Waters said, you can't buck the market.
__________________
financeguy is offline   Reply With Quote
Old 11-10-2010, 09:26 AM   #65
Refugee
 
A stor's Avatar
 
Join Date: Jul 2007
Location: U.S.A. East Coast
Posts: 2,464
Local Time: 09:27 AM
Thanks Financeguy for the added info. If you don't mind me asking. What is the unemployment rate in Ireland? Is it higher than the U.S?
__________________
A stor is offline   Reply With Quote
Old 11-11-2010, 05:14 PM   #66
ONE
love, blood, life
 
financeguy's Avatar
 
Join Date: Dec 2004
Location: Ireland
Posts: 10,122
Local Time: 10:27 AM
Ireland RIP (1921-2010)

Quote:
Rumour has it that certain European investors are no longer willing to provide Irish banks with overnight funding. If true, this could trigger the much-discussed bail-out (for it’s unlikely to end in default). A bail-out might still impose losses on bondholders, though, after recent discussions at the EU.

Until now, Ireland didn’t need any extra funding till mid-2011. Shenanigans in the secondary (resale) bond market were troubling, then, but did not need to affect the country’s cost of debt. Just as long as debt auctions took place once things had calmed down.

That reasoning assumed, however, that the Irish state would not need more cash than it had planned. Overnight funding itself might not be the problem - it is only overnight, after all - but it could trigger a liquidity crunch that sees banks come cap in hand to the government. And the government, at the moment, can ill afford to help them.
Is this the Irish trigger? | Money Supply blog on central banks | FT.com

Money Supply blog on central banks | FT.com
__________________
financeguy is offline   Reply With Quote
Old 11-11-2010, 05:32 PM   #67
Rock n' Roll Doggie
VIP PASS
 
Vincent Vega's Avatar
 
Join Date: Jul 2005
Location: Berlin
Posts: 6,615
Local Time: 10:27 AM
Isn't it lovely to see how we gave some investors the power to decide over the well-being of a nation?
__________________
Vincent Vega is offline   Reply With Quote
Old 11-11-2010, 06:23 PM   #68
ONE
love, blood, life
 
financeguy's Avatar
 
Join Date: Dec 2004
Location: Ireland
Posts: 10,122
Local Time: 10:27 AM
Help us Mr Obama, you're our only hope now!

YouTube - Don Henley - End Of The Innocence.mp4
__________________
financeguy is offline   Reply With Quote
Old 11-11-2010, 06:26 PM   #69
Blue Crack Distributor
 
corianderstem's Avatar
 
Join Date: Dec 2002
Location: Seattle
Posts: 63,731
Local Time: 01:27 AM
Can I still come visit and give you all some of my tourist money?
__________________
corianderstem is offline   Reply With Quote
Old 11-11-2010, 06:51 PM   #70
ONE
love, blood, life
 
financeguy's Avatar
 
Join Date: Dec 2004
Location: Ireland
Posts: 10,122
Local Time: 10:27 AM
Yes and you should get good value for your dollar when the new currency of the potato is announced.
__________________
financeguy is offline   Reply With Quote
Old 11-11-2010, 06:52 PM   #71
Blue Crack Distributor
 
corianderstem's Avatar
 
Join Date: Dec 2002
Location: Seattle
Posts: 63,731
Local Time: 01:27 AM
Heh.

.... although I shouldn't laugh. It's grim out there. Grim all over.
__________________
corianderstem is offline   Reply With Quote
Old 11-11-2010, 07:02 PM   #72
Rock n' Roll Doggie
VIP PASS
 
Vincent Vega's Avatar
 
Join Date: Jul 2005
Location: Berlin
Posts: 6,615
Local Time: 10:27 AM
Then you'll be owned by Monsanto, or Bayer. Choose!
__________________
Vincent Vega is offline   Reply With Quote
Old 11-11-2010, 07:06 PM   #73
ONE
love, blood, life
 
financeguy's Avatar
 
Join Date: Dec 2004
Location: Ireland
Posts: 10,122
Local Time: 10:27 AM
Quote:
Originally Posted by Vincent Vega View Post
Then you'll be owned by Monsanto, or Bayer. Choose!
Your ideas intrigue me and I wish to subscribe to them.

I'm hoping if this climate change really gets going and the Gulf Stream shuts down we can turn the country into a massive ski resort.
__________________
financeguy is offline   Reply With Quote
Old 11-11-2010, 10:39 PM   #74
Refugee
 
A stor's Avatar
 
Join Date: Jul 2007
Location: U.S.A. East Coast
Posts: 2,464
Local Time: 09:27 AM
Quote:
Originally Posted by corianderstem View Post
Heh.

.... although I shouldn't laugh. It's grim out there. Grim all over.
I agree and consider myself lucky to still have a job.

There is a very special place in my heart for Ireland. All of my ancestors, family came from there.
__________________
A stor is offline   Reply With Quote
Old 11-11-2010, 11:13 PM   #75
Blue Crack Addict
 
PhilsFan's Avatar
 
Join Date: Jan 2010
Location: Standing on the shore, facing east.
Posts: 18,894
Local Time: 04:27 AM
I am of 100% Irish ancestry. I have family in Ireland. My cousin moved here for a few years to try and land his dream job. When it didn't work, he moved back.

I hope he's alright these days.
__________________

__________________
PhilsFan is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -5. The time now is 04:27 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Design, images and all things inclusive copyright © Interference.com