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The Vultures are Back
 international |
housing |
news report
 Thursday November 24, 2011 22:58 by Anti Eviction Task Force - People's Association Watchdog / DOHL
Repossessed family homes are up for auction again this week as speculators set out to profit from the misery of families made homeless by the austerity measures introduced by the government to pay bankers and bond holders.
Vultures are back
The Anti Eviction Task Force will be protesting outside the 5 star Shelbourne Hotel, where among the 112 lots being sold by Allsop are the repossessed homes of evicted families.
The People's Association Watchdog and Defend our Homes League will also be protesting at the event to highlight the increasing number of homes under threat by the shameful demands of the banks, the same banks that every man woman and child are continuing to pay for and will for generations to come.
A spokesman for The Anti Eviction Task Force, Jim McKay, said " I was at the last protest outside the Shelbourne and I will be once again travelling from Galway to attend this one, protests like this are a very important opportunity for us all to stand in solidarity with those worst affected by the governments lack of policy on the issue".
His words were echoed by the co-founder of the Anti Eviction Task Force, David Morrissey stated " The people that turn up to buy these properties are comparable to low class speculators, like vultures feeding off the rotten carcases of the prey once the lions share has been taken by the larger predators".
Patrick Grant speaking on behalf of the People's Association Watchdog said this second round of Eviction Auctions should be a disgrace to the government, " The Men in power appear to have no shame whatsoever in presiding over the country while it's very fabric is being torn apart, they pay nothing more than lip service to people losing their homes and show little or no real concern".
The Eviction Auction is being organised by the British company Allsop who just last year registered a company called Allsop Space at 22-24 Foley Street Dublin 1 specifically to handle the expected massive number of evictions and resale of family homes to foreign investors and shameless Irish businessmen in the coming years.
Protest if you Care
The Auction is on Wednesday 30th November at 10.30am
Shelbourne Hotel
Dublin 2
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Comments (5 of 5)
Jump To Comment: 1 2 3 4 5Glad to see someone moving.
Time we reposessed the houses we built from the parasitic financial and speculating landlord cartels.
Throw in squat division for the needlessly homeless in a housing surplus and we start to get rationality rolling.
That anyone has lost the roof over his/her head is obscene, especially as at the same time, our 'government' is handing billions to financial speculators. That people would take advantage of such a sad event does not surprise me, it is the nature of capitalist society. Remember the sacred words of hatchet Thatcher, "there is no society, just a collection of individuals"
See the statisitics attributed to the family law courts of Liarland where many a decent man has
lost his home due to the Liars who purport to practice Family Law .
Here's how it works:
Person decides to buy house. Gets loan. Bank create some money out of nothing and loan it (usually in the form of a cheque or a number in an electronic account) to the person to buy house. Person pays real money they work for to the bank for a while then get into difficulties. Bank "repossess" the real property and now own it, despite having conjured up the original money used to buy it in the first place out of nothing. They also have whatever hard currency the person paid them off the loan.
Result: banks get to own lots and lots of real property, using made up money they mostly conjured out of their asses, which they can then do as they please with.
This is how we are all enslaved and robbed.
watching this video ("money as debt") will make the whole thing clearer:
Ever since Tricky Dicky took the US off the Gold Standard in '71, the phenomenon of fiat money has held sway. What is described in the last post is precisely that, however, banks are required to keep a reserve(fractional reserve banking) in case of depositors seeking their cash. Banks fear ' a run' morethan anything and banks would much rather have a paying, hyper-inflated mortgage than bricks and mortar that they can't sell, or at least not at the value of the loan. Unlimited credit is predicated on exponential growth and that is why there is no getting out of the current mess, with the current system without melting the ice caps and barbecuing the Polar Bear!