Proud Ireland Doesn’t Want Charity

Irish Finance Minister Lenihan

The Irish struggled hard for independence ninety years ago.  Can you imagine the humiliation for a proud country having to ask to be bailed out by other countries, including the former colonial power?  In the face of this, the Irish government is refusing to ask for a bail-out despite the government’s bonds hitting record levels of interest rate, with investors, fearing a default, dumping them, and many also removing their funds from Irish banks.

The government has enough money to get through til next summer at least.  A renewed austerity budget cutting another 6 Billion Euros would enable the country to survive longer than that, and by using up the country’s pension savings, it could survive quite a long time.

The problem is the banks that carry Ireland’s name, such as Allied Irish, which has lost so much money that it is estimated to owe hundreds of billions to other institutions around Europe.  The banks have secured their loans on property, the price of which is crashing, and they are into vast losses on derivatives trading, where they imagined the trades were made in fair contest.  No one suspected that central bankers were manipulating markets, yet the Bank of International Settlements, based in Switzerland, the privately owned central bankers’ central bank is estimated to have made no less than $19 trillion of gains in derivative markets in 2009 alone.

That is where the mere clearing bankers have lost their money.

It would make sense for the BIS to lend the gains back to the banks that they cleaned out by taking their bets and then manipulating markets against them.  The situation is as bad as if there were thousands of Nick Leesons (the guy who broke Barings Bank) all bringing their employing banks crashing down together.  Yet this time the situation is so bad, it doesn’t even make the newspapers.

The BIS accepts no responsibility for the situation it has helped to create.  Far from it, the BIS expects to use the bankruptcy of banks and countries to further its political aims, which are connected to central banking involvement in the One World Government programme.  They support the EU, and the removal of power from nation states, and the situation of Ireland and its closeness to falling into their clutches is exactly the situation they intended in the first place to bring about by their financial machinations.

Bail-outs are not mere charity.  They are also a way to exert power over the bailed.  The EU for example is already demanding that Ireland abandons its 12.5% Corporation Tax as a pre-condition, which, during the Lisbon referendum campaigns was said to be safe.  It was all lies, of course.

Peter Oborne in today’s Telegraph suggests the easy way out for Ireland is to default and quit the Euro.  That would be entirely justified as Ireland has been ripped off by the same power structure that now desires and demands Ireland’s submission.

The problem is the Irish political elite that still basically wants to sell out to the EU, and secure their place in the OWG money train, just as Blair and Mandelson have done.  There might be one other factor to consider though, for the bureaucrats and the central bankers that think Ireland is spent, and now ready to roll over.  Irish pride.  Irish culture has survived thousands of years, against all comers.  Why would the Irish choose now as the moment to lie down and submit to foreign powers?  They’d do far better to cut and run as Oborne suggests, devalue and quit the Euro.

What would the EU do?  Invade?

The banks could default on their debts, and the Irish government could relaunch the Punt.  Don’t worry about the BIS.  They’ve got plenty of money to lend back to the people they cheated.  The defaults will only be as serious as the central bankers want them to be.  That’s where their money’s gone to.  They could just as simply ask for it back again.  They call it the luck of the Irish.  They should try a bit of it.  They might be surprised what they can get away with.

The Tap Blog is a collective of like-minded researchers and writers who’ve joined forces to distribute information and voice opinions avoided by the world’s media.
Facebooktwitterredditpinterestlinkedinmail

5 Responses to “Proud Ireland Doesn’t Want Charity”

  1. Anonymous says:

    Right on the nail, Tapestry. The BIS has a slimy, sleazy history having been set up by Nazis like Schacht, Funk, and Puhl who operated in close partnership during the War with their British and American pals, Montagu Norman and Thomas McKittrick.

    That the BIS got clean away with laundering Nazi loot is an eternal blight on its reputation, decency, and trustworthiness.

    You’re right about the Irish not wanting to be “bailed out” by the BIS, the IMF, the ECB, or any of that ilk. We are, in reality, quite a rich country with a wealth of natural resources and once we remove the power of money creation from private banksters and return that power to the people where it belongs we will have hope, happiness, and prosperity in abundance.

    There are a growing number of people here in Ireland who are shouting for reform of debt-based money creation and for the national government to issue debt-free, interest-free money and to end the gross criminality of 300 years of fraudulent fractional reserve banking.

    I believe many people in the U.K. feel the same way, and others across Europe and America.

    With a little more pushing we can rid the world of this gangster-run enterprise and provide a golden future for our children and grandchildren.

    Fools Crow
    http://foolscrow.wordpress.com

  2. Fools Crow says:

    Right on the nail, Tapestry. The BIS has a slimy, sleazy history having been set up by Nazis like Schacht, Funk, and Puhl who operated in close partnership during the War with their British and American pals, Montagu Norman and Thomas McKittrick.

    That the BIS got clean away with laundering Nazi loot is an eternal blight on its reputation, decency, and trustworthiness.

    You’re right about the Irish not wanting to be “bailed out” by the BIS, the IMF, the ECB, or any of that ilk. We are, in reality, quite a rich country with a wealth of natural resources and once we remove the power of money creation from private banksters and return that power to the people where it belongs we will have hope, happiness, and prosperity in abundance.

    There are a growing number of people here in Ireland who are shouting for reform of debt-based money creation and for the national government to issue debt-free, interest-free money and to end the gross criminality of 300 years of fraudulent fractional reserve banking.

    I believe many people in the U.K. feel the same way, and others across Europe and America.

    With a little more pushing we can rid the world of this gangster-run enterprise and provide a golden future for our children and grandchildren.

    Fools Crow
    http://foolscrow.wordpress.com

  3. Craig says:

    Unfortunately tap, the Irish government’s posturing against an EU bailout is just that: posturing. It’s a face-saving exercise designed to retain the appearance of still having the last shreds of our sovereignty, when in truth we are completely subject to the EU and IMF. Fianna Fáil don’t care about our independence, they care about not looking so bad that they won’t be wiped out in the next general election…

  4. Anonymous says:

    My ancestors came to the US from England in 1719. I have an ancestor commemorated on Bunker Hill have lost his young life in the Revolutionary war against the murderous inbred royalty of England and their subjected peasants. Good luck little Ireland. Ireland is so much like us. God damn you english. Will you give your shirts,pants and shoes to pay for the royal wedding. You are all a joke.

  5. Tapestry says:

    I was getting ready for something substantial there, anonymous, but it rather faded away with an outburst about some wedding or other. You sound a little jealous. Don’t burn your brain out over history. Let’s construct the future now. Maybe your country will soon be invading Britain?

    http://the-tap.blogspot.com/2010/11/would-usa-like-to-invade-britain.html

Leave a Reply

You must be logged in to post a comment.