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Life should be full of strangeness, like a rich painting
Global Finance, Money and Power: Lecture Four - Global and State Institutions 17:17 Wed Oct 01, 2014
HOUSING AND THE IRISH STATE 10:48 Tue Sep 30, 2014
Boomer Times 10:26 Tue Sep 30, 2014
FALLEN FRUIT 08:26 Mon Sep 29, 2014
Irish Labour Movement 1880-1924: Lecture Two - New Unionism 09:26 Fri Sep 26, 2014
Joined up thinking for the Irish Left
Mark Fielding Speaks to the Nation: We Don?t Owe You Squat Wed Oct 01, 2014 12:15 | Michael Taft
Demanding the Future: The Right2Water and Another Ireland Tue Sep 30, 2014 21:56 | Paul O'Connell
IBEC?s Myth Debunking is Just Bunk Tue Sep 30, 2014 16:22 | Michael Taft
Consumerism and Equality Mon Sep 29, 2014 15:47 | Jaime Dixon
Investment Remains the Key to a Real Recovery Wed Sep 24, 2014 16:31 | Michael Burke
NASC: Invitation to Tender for Immigration Research Tue Sep 30, 2014 11:24 | Liam Thornton
Update: Ireland ratifies UN complaints mechanism for children Thu Sep 25, 2014 14:51 | Edel Quinn
Understanding Children?s Rights: A Training Programme on Children?s Rights and Effective Internati... Mon Sep 22, 2014 17:44 | Edel Quinn
Conference on EU Counter-Terrorism, Dublin, 13 October Sat Sep 20, 2014 10:36 | Fiona de Londras
Rooney on Hassan v UK: ?symbiotic approaches?, ?subsequent practices? and amicus curiae Fri Sep 19, 2014 11:13 | GuestPost
Farewell from NWL Sun May 19, 2013 14:00 | namawinelake
Happy 70th Birthday, Michael Sun May 19, 2013 14:00 | namawinelake
Of the Week? Sat May 18, 2013 00:02 | namawinelake
Noonan denies IBRC legal fees loan approval to Paddy McKillen was in breach of E... Fri May 17, 2013 14:23 | namawinelake
Gayle Killilea Dunne asks to be added as notice party in Sean Dunne?s bankruptcy Fri May 17, 2013 12:30 | namawinelake
The Unfolding Crisis and Ireland's Economic Ruin
The Financial Coup is almost complete
Around the world countries have been betrayed by their politicians who have worked hand in glove with their capitalist partners to systematically destory each economy and then to hand them over to a private financial elite composed of bankers, investors and speculators and other parasites.
The current crisis is the cumlination of a fairly long process starting in the late 1970s when the leading capitalist powers decided to go on the offensive and launched the Neo Liberal era which saw an claw back against all the rights gained by workers in the previous 70 years. At that time they also lent huge quantities of money to corrupt governments in the developing world and this ushered in the era of mega slums and third world debt bringing in the era of financial imperalism allowing the resources of these countries to be hauled away for almost free. continues below
Reactions and Events (on Indy):
In the past decade or so, the Class War has once again returned home to the 'Western Hemisphere' and the process of bringing the third world home was well under way. This is the situation where all the countries assets are owned by a few, the vast majority are very poor, violence is rife and at the top rules a ruthless rich elite. In parallel around the world, we saw increasing militarization of police forces and the simulteanous propaganda war to glorify this.
Argentina in 2001 was the first casualty in this phase, where overnight the banks froze all accounts and millions of people lost their life savings. Almost instantly over 50% of the people were thrown into poverty. In the Argentina case, it later turned out that those who got their money out in time, were the very top few hundred wealthy families, who then used their fortunes to speculate against their own currency from outside and billions were made from it. Could the same be true today? Are Ireland's very wealthy speculating against our country and driving up interest rates and helping impose the drastic cuts about to fall?
As we write, this past week we can see something very similar to above unfolding before our eyes. One thing is clear throughout the full spectrum of political opinion is that we have lost our sovereignity and from now on we will be controlled by the dictates of some unaccountable private group. We know that big cuts have already happened and bigger ones are on the way. We also notice that the rich remain largely unaffected. We know that the poor and less well off have been affected most through cuts to the very services that form the working fabric of our society and that the very small amounts that had been spent on numerous well deserved causes and groups, is almost gone.
Yes, the third world is truly on its way to Ireland. It was reported during the week that thousands of people have had their electricty (ESB) cut off because they couldn't pay. In both the US and UK, houses that were cut off, burnt to the ground because of the occuptants switched to just candles and subsequent accidental fires. How long before the same thing happens to people's water supply when they start collecting the water charges. How about bin charges? If people can't pay their mortgages they will probably not pay their bins. Will the streets begin to fill with trash?
Prof Morgan Kelly last week estimated that at least 100,000 people are in severe difficulty with their mortgages. Where is the bailout for these people most of whom were very successfully duped into paying for massively overpriced houses with the help of the relentless propaganda during the bubble from the media, the govt, the banks, developers and estate agents all singing to the same hymn sheet. We also know most of the debts racked up were for commercial property (data here) and NOT greedy house buyers as the media has so cleverly managed to keep as the party line for the past two years
Make no mistake, the next move will be to try and sell off what remains of our state assets as suggested by the foot soldiers of big capital. The health budget will be severly cut, but more private hospitals will be built, but if you don't have the money it will be a case of 'please drop dead' from the capitalists. They don't care. For them, education must and will be cut too. Educated people are a threat to reining in the super wealthy and they may even try to estasblish something as subversive as democracy.
The War of Terror is the propaganda instrument to deter the masses. This is a united effort by all capitalists across the world to stamp out equality, justice and democracy. They talk of justice yet a million+ have died in Iraq which most European govts including ours supports. Where is the justice in that? Civil liberties have been stripped everywhere. In our case, witness the completely over the top Garda violence at the Student march (here) or the violence yesterday at the Dail over a simple protest (here). Witness also the relentless violence against Shell to Sea campaign done out of the public eye over the last few years. Anyone who objects or protests is quite clearly a subversive and terrorist in today's post 9/11 world. Depending on the situation, its batons, tasers, tear gas, rendition and water boarding or predator drone hellfire missles for you. This is really just the Class War but the powers that be and not the gombeen ministers in our govt or the pending ones in Fine Gael, but the very powerful shadowdy people in the banking, financial and corporate world are the real power brokers, -these people dare not alert the masses to the fact that there is a class war hence the War of Terror, because their propaganda is so successful and they do not want the stark reality to sink in and instead have the masses cowering in fear at various bogey men. The extreme form of their public manipulation success is the moronic and clueless Tea Party in the US, which is behind the scenes backed and funded by big wealth.
These are the people you and your children will be paying the gambling debts of if we take on IMF loans guaranteed by the taxpayer to bail out the banks further.
Also IMF loans to bail out the banks come with "conditions" as mentioned above which will result in lucrative privatisation of our utilities.
So the idea is we pay their debts, give them our stuff, live in poverty without healthcare while we work for their companies for peanuts.
Note: both Goldman Sachs and Rothschild amongst others were advising government AND were bondholders in Anglo. ?!?!?!
Don't take this lying down. GENERAL ELECTION NOW! before it's too late and the deals are done.