Ireland owes the world nearly 2 Trillion Dollars

bobblepuzzle

We are in the top 5 of the worlds most indebted countries... we owe $1,841,000,000,000...

kippy

bobblepuzzle wrote: »

We are in the top 5 of the worlds most indebted countries... we owe $1,841,000,000,000...

Monopoly money.
None of it matters, according to certain sources the world will end next year anyway.
Keep borrowing, blow the lot on coke and hookers.

Sea Sharp

They're feckin eejits for lending it to us in the first place.

bobblepuzzle

Sea Sharp wrote: »

They're feckin eejits for lending it to us in the first place.

Not quite, we are paying the interest... who's the eejits now?

slimjimmc

bobblepuzzle wrote: »

We are in the top 5 of the worlds most indebted countries... we owe $1,841,000,000,000...

Source?

spider guardian

yes the "november criminals" have sold us to the IMF, an irish hitler rises from the ashes...

bobblepuzzle

slimjimmc wrote: »

Source?

Heres one... http://censored31.skynetblogs.be/archive/2010/08/22/top-6-most-indebted-countries-ireland-netherlands-united-kin.html

but there are many others, CNN also has Ireland number 1 in the list

galwayrush

Why don't we play double or quits.:pac:

Tucking Fypo

Sure we can just give MABS a call, it's cool.:)

bobblepuzzle

Per capita we are worse than the USA and UK combined... shocking all together... greed I tells ya, GREED!! :pac:

kippy

bobblepuzzle wrote: »

Heres one... http://censored31.skynetblogs.be/archive/2010/08/22/top-6-most-indebted-countries-ireland-netherlands-united-kin.html

but there are many others, CNN also has Ireland number 1 in the list

Thats not actually a source of the OP.
There are no figures, just percentages mentioned.
Amateurs.

bobblepuzzle

kippy wrote: »

Thats not actually a source of the OP.
There are no figures, just percentages mentioned.
Amateurs.

http://makewealthhistory.org/2009/02/13/the-worlds-most-indebted-countries/

Though it places Ireland 6th...

phasers

I owe my mam 20 quid for petrol.

bobblepuzzle

phasers wrote: »

I owe my mam 20 quid for petrol.

Pathetic! :pac:

Gottalovegreys

Arra sure tis better owed than paid.

galwayrush

:pac:

phasers wrote: »

I owe my mam 20 quid for petrol.

No bail out for you though.:pac:....:(

phasers

galwayrush wrote: »

:pac:

No bail out for you though.:pac:....:(

Me Da might help me out :cool:

cleremy jarkson

So, basically we owe the world about 444444 euro each? (2 trillion divided by 4.5 million)

Irish people think they're entitled to a standard of living which is higher than other countries, just because we're Irish.

http://www.boards.ie/vbulletin/showthread.php?t=2056104729

Rented Mule

bobblepuzzle wrote: »

http://makewealthhistory.org/2009/02/13/the-worlds-most-indebted-countries/

Though it places Ireland 6th...

You do realise that this article is nearly two years old.

February 13, 2009

bobblepuzzle

cleremy jarkson wrote: »

So, basically we owe the world about 444444 euro each? (2 trillion divided by 4.5 million)

Irish people think they're entitled to a standard of living which is higher than other countries, just because we're Irish.

http://www.boards.ie/vbulletin/showthread.php?t=2056104729

We need to pay off the IMF/EU/UK bailout first :P Then we can start that couple of trillion :P

bobblepuzzle

Rented Mule wrote: »

You do realise that this article is nearly two years old.

February 13, 2009

Deadly, that would explain why we are in the top 5 NOW

Einhard

That picture of Irish debt is skewed bythe inclusion of the debt held by firms based in the IFSC, and doesn't at all reflect Ireland's true debt. About 3/4 of the debt alluded to is held by these international companies based in, or working from, Ireland, and is often quite short term; the rest is made up of Irish government debt and bank debt, which basically amounts to the same thing, and consumer debt. Not as sensational as the OP, but the facts rarely are!

bobblepuzzle

Einhard wrote: »

That picture of Irish debt is skewed bythe inclusion of the debt held by firms based in the IFSC, and doesn't at all reflect Ireland's true debt. About 3/4 of the debt alluded to is held by these international companies based in, or working from, Ireland, and is often quite short term; the rest is made up of Irish government debt and back debt, which basically amounts to the same thing, and consumer debt. Not as sensational as the OP, but the facts rarely are!

That is Irelands national debt figure... the same formula is used for all of the other countries...

kippy

bobblepuzzle wrote: »

That is Irelands national debt figure... the same formula is used for all of the other countries...

Eh, the same formula may be used, however the skewage is far more significant in irelands case.

As I said, we're fubbed anyway.

Einhard

bobblepuzzle wrote: »

That is Irelands national debt figure... the same formula is used for all of the other countries...

Yes, but in Ireland it's skewed by the fact that we have the massive holdings of the international firms based in the IFSC included in the figures of a small economy. That distorts the figures entirely. The figures you linked to do not reflect Ireland's debt, but rather the debt held in Ireland at a particular moment. Including by international firms whose debt is not that of Ireland as a state, or the Irish as a people.

bobblepuzzle

Einhard wrote: »

Yes, but in Ireland it's skewed by the fact that we have the massive holdings of the international firms based in the IFSC included in the figures of a small economy. That distorts the figures entirely. The figures you linked to do not reflect Ireland's debt, but rather the debt held in Ireland at a particular moment. Including by international firms whose debt is not that of Ireland as a state, or the Irish as a people.

OK, what is Irelands real debt then?

slimjimmc

Einhard wrote: »

Yes, but in Ireland it's skewed by the fact that we have the massive holdings of the international firms based in the IFSC included in the figures of a small economy. That distorts the figures entirely. The figures you linked to do not reflect Ireland's debt, but rather the debt held in Ireland at a particular moment. Including by international firms whose debt is not that of Ireland as a state, or the Irish as a people.

+1

matt-dublin

cleremy jarkson wrote: »

So, basically we owe the world about 444444 euro each? (2 trillion divided by 4.5 million)

Irish people think they're entitled to a standard of living which is higher than other countries, just because we're Irish.

http://m.boards.ie/vbulletin/showthread.php?t=2056104729

Sounds about the same price as my mortgage

kippy

bobblepuzzle wrote: »

OK, what is Irelands real debt then?

2 pints of lager and a packet of crisps.

Stinicker

kippy wrote: »

2 pints of lager and a packed of crisps.

He was asking whats the debt not what its worth

kippy

Stinicker wrote: »

He was asking whats the debt not what its worth

Thats the debt.
Barter is where its at.
Currency aint worth a **** with all the vulture speculators out there.

ilovesleep

cleremy jarkson wrote: »

So, basically we owe the world about 444444 euro each? (2 trillion divided by 4.5 million)

Irish people think they're entitled to a standard of living which is higher than other countries, just because we're Irish.

http://m.boards.ie/vbulletin/showthread.php?t=2056104729

I never took out that loan.

bobblepuzzle

kippy wrote: »

Thats the debt.
Barter is where its at.
Currency aint worth a **** with all the vulture speculators out there.

FAIL post

kippy

bobblepuzzle wrote: »

FAIL post

In AH,
You're having a laugh. Literally.

slimjimmc

bobblepuzzle wrote: »

OK, what is Irelands real debt then?

About -$867bn (82bn government debt + I've added the bank debt since the gov has chosen to take most of that on too) according to this thread from mid 2010. It's worth looking at the last post to put it all in perspective without the sensationalism

bobblepuzzle

slimjimmc wrote: »

sensationalism

With the mess we are in? This is reality....

Killer Pigeon

spider guardian wrote: »

yes the "november criminals" have sold us to the IMF, an irish hitler rises from the ashes...

That would be me :P

Except I won't grow a crazy mustache.

I will advocate the following when the time comes (muhahahah):

• All of Ireland's financial problems were caused by capitalism, foreigners, evil jew-bankers, FF politicians and the EU.
• Ireland must leave the EU.
• Ignore the bond holders, they can f*ck off. We will not pay back the 2 trillion.
• Socialism with a strong national pride is the only was forward.
• All people on the island who cannot trace at least two of their grandparents' ancestry back to the year 1800 must either be deported to Madagascar (if they don't posses Irish citizenry at present) or will have their citizenship downgraded and will not be considered pure-Irish.
• Facilities must be put in place so that pure-Irish families can breed a greater number of children to serve the fatherland (I'm wondering if Ireland should be called 'the fatherland', 'the motherland', or just 'Éire' or 'Ireland').
• The Irish language must be encouraged in order for all Irish people to speak the language as their first language instead of English by 2050.
• All religions must be discouraged or even outlawed, especially the Abrahamic desert monkey religions. Instead, an emphasis will be put on the Neo-Druidism (derived from the ancient druidic religion of Ireland and other Celtic nations). It must be conveyed however that the emphasis on Neo-Druidism is just to promote national pride and should not be taken so seriously as if it were true fact.
• Wagner!!
• Democracy does not work but unfortunately we must use it to get into power. Dictatorship is the only way petty political ravelings, which slow down the process of decision making, can be avoided so that the National Interest can be spearheaded faster and with greater effect.
• The size and strength of the Irish Army must increase 20 fold. 50 per cent of GNP must be spent on the armament and defense of the state.
• Northern Ireland must be reclaimed at all cost. After the army is large enough we must reclaim the North with a lightning invasion. The North will fall to the Irish Republic in under 6 days. Massive defense of the eastern Irish coast must ensue to prevent the advance of a likely British/ NATO invasion. An Irish Sea and Atlantic Wall will be build.
• Meanwhile the North must be cleansed of all loyalists/ unionists. They will be deported to Scotland/ Madagascar.
• This New Order of the Island of Ireland will be called - "The Irish Third Republic" or just "The Third Republic".
• Eugenics and over-the-top euthanasia must be incorporated into people's fundamental thinking in order to perfect the Master Race.
• Huge investment in education, industry and health care.

(note: most of the above is only for the lulz and not to be taken seriously)

shuvly

bobblepuzzle wrote: »

We are in the top 5 of the worlds most indebted countries... we owe $1,841,000,000,000...

and your point is? think we all know we are ****ed..(prob been said loads of times, but tl dr, meh, any other "couldn't give a **** have heard it all before" thingys...

sligopark

Sea Sharp wrote: »

They're feckin eejits for lending it to us in the first place.

Agreed

Imagine a bank loan interview going like this ...

'I earn a euro a day ...'

"ok we can lend you a million - its ok the rate is 5% fixed for the next ten years"

'do you think I can pay this?'

"its ok the economy is growing and we have the government in our pockets - they can't let this go wrong"

'ok then if you are sure ...'

"Not a bother lets get yoiu signed up ...."

Biggins

bobblepuzzle wrote: »

We are in the top 5 of the worlds most indebted countries... we owe $1,841,000,000,000...

Aaa hell, I'll throw in a fiver into the bucket!

sligopark

Biggins wrote: »

Aaa hell, I'll throw in a fiver into the bucket!

I heard Jimmy Devins recently ask us do the same

RockinRolla

spider guardian wrote: »

yes the "november criminals" have sold us to the IMF, an irish hitler rises from the ashes...

Joe Higgins?

Ban Ki Moon

The global financial system is debt based, if there was no debt money would have no value.Dont worry about it op

Einhard

Ban Ki Moon wrote: »

The global financial system is debt based, if there was no debt money would have no value.Dont worry about it op

Ummm, I'm not quite sure that's the case Ban.

ArtSmart

well i reckon if we got big sticks and pushed the island of Ireland away from it's present spot, (to somewhere warm - near the canaries) they'd never find us.

andrew

Ireland's general government debt as of June 2010 is 80,019 million Euro. Link. Note that the headline figure in this link includes Monetary Financial Institutions, other sectors, and direct investment, for which the Irish tax payer isn't liable.

Daroxtar

If we were to get the worlds 1000 wealthiest people and take all their cash and redistribute it how much money would be put back into the worlds economies? I mean, there's probably some sheik out there who has as much money as ireland needs so why not just kill the fukker, take his cash and settle our debts?

Dont gimme any bull about it being unethical or anything, he probably got his cash from overcharging us for something in the first place or worse, he could be a "Senior Bondholder" who's just using a fukked financial system and wanker politicians to bleed us dry.

I'd gladly sacrifice 1000 people to make life better for millions of others. TBH, if we could take out the 10,000 wealthiest people we'd probably go a long way towards eradicating poverty and debt worldwide. Anyone got the stats for how much money the worlds 10,000 wealthiest people actually have? I'm not for anarchy or socialism its just that there's probably a good solution to a big problem staring at us and all we need is a bit of collateral damage. Killing might be a bit extreme i suppose, maybe just rob them and let them start over with no money although killing them might be easier and quicker.

Anyway in the meantime here's these 2 gems again

https://www.youtube.com/watch?v=I5QwKEwo4Bc

https://www.youtube.com/watch?v=M_3T-Af57Pg

andrew

Daroxtar wrote: »

If we were to get the worlds 1000 wealthiest people and take all their cash and redistribute it how much money would be put back into the worlds economies? I mean, there's probably some sheik out there who has as much money as ireland needs so why not just kill the fukker, take his cash and settle our debts?

Dont gimme any bull about it being unethical or anything, he probably got his cash from overcharging us for something in the first place or worse, he could be a "Senior Bondholder" who's just using a fukked financial system and wanker politicians to bleed us dry.

I'd gladly sacrifice 1000 people to make life better for millions of others. TBH, if we could take out the 10,000 wealthiest people we'd probably go a long way towards eradicating poverty and debt worldwide. Anyone got the stats for how much money the worlds 10,000 wealthiest people actually have? I'm not for anarchy or socialism its just that there's probably a good solution to a big problem staring at us and all we need is a bit of collateral damage. Killing might be a bit extreme i suppose, maybe just rob them and let them start over with no money although killing them might be easier and quicker.

Anyway in the meantime here's these 2 gems again

This is called (or related to) Rawls' Theory of Justice.

Ban Ki Moon

Einhard wrote: »

Ummm, I'm not quite sure that's the case Ban.

yes it is, its just paper. Every country on the planet is in debt! The debt is paid for by workers who actually are the only ones who create wealth.

sligopark

Daroxtar wrote: »

If we were to get the worlds 1000 wealthiest people and take all their cash and redistribute it how much money would be put back into the worlds economies?

What about just having the balls to say enough is enough - we can't pay we aren't paying - and no bull**** about us being a small country Iceland did it.

Ban Ki Moon

sligopark wrote: »

What about just having the balls to say enough is enough - we can't pay we aren't paying - and no bull**** about us being a small country Iceland did it.

Iceland will not go scott free, it has massive debts like it or not and they will pay!