Saving Ireland: A financial recovery plan-

pirelli

As you aware we have to pay about 2+ billion a year in interest repayments to the IMF and EU depending on how much we borrow.

My plan is as follows:

We adopt a military style training system and train able bodied workers to work as day traders.

We take a one each of the many free office buildings available from Cork Dublin and Limerick And Galway.

Set up an IT infrastructure within these buildings designed for day trading.

Mary Harney wants to lay off thousands people from Health service for a one off cost of 400 million euro. We instead recruit as many of these people as we can into this program. However base pay will only be 17,000 per annum and the rest will be commission. We keep the enitre 400 milion which will fund 6000 thousand workers for 4 years at 17,000 per annum.


These workers and the many other qualified personnel they hire will be trained and learn how to trade. I imagine they are working for irelands recovery program and not for profit but earn commission. Each will be given 150,000 and expected to earn a few percent a week. In fact if they can earn 4% in one week they have already eliminated our weekly debt interest and allow us to borrow more money from the IMF and in less than two years they should be profiting from the money. The infrastructure will share information daily and make trading as simplistic as possible.

We will have research groups and tech groups etc.

We will take 1 billion of this money and allocate it to this new financial district. That is likely what the rest of the world is doing so we should move quickly to do this. I sense distant countries like Japan will be eclipsing ireland soon and we should move quickly to become apart of what is happening in the world.

Money as we know is created from nothing, it is merely electrons in a computer. The only way we can profit form this Olive branch from the IMF and EU is if we Trade these electrons on the market and create a percenatge that make ireland instantly profitable. Just spending this Money will create a very difficult situation.

There are so many talented people that would love to be part of something. There is also alot of work in setting this up and it wouldn't be long before people settle into positons they are capable at.

I would guarantee this could be achieved in weeks and able minded people trading within a few months. After a year everyone would be competent to enough make a small percentage on top of their 150,000. Obviously the first year would be intensive training in state of the art system that use artificial money. Perhaps many Bank workers would join and could carry a heavier workload for the first 6 months.

While some of you might find this amusing it is really the only way you can use Money like this to survive. There might be other ways but they take a long time. The point behind this; is it's part of a recovery program and the Goverment supports it. Then they form a brokerage from this program and all the billions squirreled away by the land owners finds it's way back into ireland viz a viz This new brokerage that will offer something new and enticing.

MrMatisse

That is the craziest idea I have ever heard. Give a few thousand punters millions, get them to bet it on daily market movements and grow that way. :rolleyes:

WildBoots

"The problems we have cannot be solved at the same level of thinking with which we created them".

mono627

Good idea in theory I suppose, however I think your main problem would be finding all of these people who can trade and be consistently possible. If it was that easy, everybody would be doing it already.

Bullish

1)Take the national pension fund and short the euro,
2) get Cowen to come out and say we are defaulting
3) cover the short and get long
4) Fire cowen and put a new Gov in place.
5) New Gov agrees to not default.

pirelli

Really-Stressed wrote: »

That is the craziest idea I have ever heard. Give a few thousand punters millions, get them to bet it on daily market movements and grow that way. :rolleyes:

Welcome to the world of finance. We are giving banks billions. So that is exactly what we are doing. However they stifled by regulation and failure. We need to rebuild the high street and we need Ireland to porfit from this directly and not some foreign investment bank.

You can train people. Crazy to think you cannot train people in highly specific roles. The stock that Market makers keep liquid rarely know or even care about the fundamentals of the companies behind that stock.

It is more sensible to try to turn failure to success. It is better to reap the harvest of that branch rather than let it become prickly and harmful. If we can get our banks to set up this program and return all profits to the Debt then I think we have made the right decision.