Gold Core Ireland descusses with finacial experts in Russia Irelands woes

derry

Second half of this video is Irish company head director Mark discussing with Russian TV host the European Black Hole the Irish economy is being sucked into and How Irish tax payers are putting money in Europen banks to bail them out .
I like the last comment Ireland should make a new County called Austerity county if we continue on this road of Economic perdition
Personally it seems to supply investment ideas for the future to be avoided like fiat currencies which seems are worth the paper they are printed on :pac:

http://www.youtube.com/watch?v=YUYM_yqRAwA&feature=player_embedded


Derry

Scofflaw

derry wrote: »

Second half of this video is Irish company head director Mark discussing with Russian TV host the European Black Hole the Irish economy is being sucked into and How Irish tax payers are putting money in Europen banks to bail them out .
I like the last comment Ireland should make a new County called Austerity county if we continue on this road of Economic perdition
Personally it seems to supply investment ideas for the future to be avoided like fiat currencies which seems are worth the paper they are printed on :pac:

http://www.youtube.com/watch?v=YUYM_yqRAwA&feature=player_embedded


Derry

It would be nice if they offered any proof for the claim that we're putting money into European banks to bail them out. I hardly expect it, given that so many people seem happy to swallow the line uncritically, but it would be nice.

cordially,
Scofflaw

Sponge Bob

Not are putting, more have put. However we took c.€150bn of ECB money and conduited it via our banks to German banks....said German Banks being the magic 'bondholders' who have largely been paid off by now.

Job largely done!

Scofflaw

Sponge Bob wrote: »

Not are putting, more have put. However we took c.€150bn of ECB money and conduited it via our banks to German banks....said German Banks being the magic 'bondholders' who have largely been paid off by now.

Job largely done!

And the proof of the claim that German banks were the bondholders is....?

still waiting,
Scofflaw

Count Dooku

swordofislam

But that chart doesn't show alot of debt to Germany.
Am I reading it wrong?

Is it the 6% of Euro Area bonds and deposits?

Count Dooku

German exposure to our banks at €21.3bn

swordofislam

Count Dooku wrote: »

German exposure to our banks at €21.3bn

Is that just the guaranteed banks? It looks like it includes the IFSC too.

Something funny going on here. I thought that the guarantee was forced on Ireland to save Germany but these figures don't support that opinion at all.:mad:

Could we be the architects of our own misfortune?

Count Dooku

swordofislam wrote: »

Is that just the guaranteed banks? It looks like it includes the IFSC too.

Then we would have to pay 102 Bn of Depfa debts instead of 17Bn and rest paid by German central bank
Looks like 23Bn was only in the guaranteed banks, and noise about Germany have been made only to cover those who invested money from selling land into Irish bonds

derry

Scofflaw wrote: »

It would be nice if they offered any proof for the claim that we're putting money into European banks to bail them out. I hardly expect it, given that so many people seem happy to swallow the line uncritically, but it would be nice.

cordially,
Scofflaw

I will look for other shows that Max Kiaser has done on the Irish story.Max Kiaser has visited Ireland several times over several years and has a good Idea of the entire history of our Property bubble through to the bail out History. Hopefully from those other RT transmissions with Max Kaiser there is the full explanation of how we Irish Tax payers are effectively helping to bail out European Banks
A small side note it seems the last few days that yet another major European Bank was saved from the brink.:eek:



Derry

derry

Count Dooku wrote: »

German exposure to our banks at €21.3bn

Thanks for that new link

21.3bn is a lot of money for Ireland but not so big for the German GNP
Ireland is something less than 0.5% of the total European GNP.
Its the big bankrupt French banks that Germany is propping up that are the big issues

Derry

Scofflaw

derry wrote: »

Thanks for that new link

21.3bn is a lot of money for Ireland but not so big for the German GNP
Ireland is something less than 0.5% of the total European GNP.
Its the big bankrupt French banks that Germany is propping up that are the big issues

Derry

It's also worth pointing out that the German "exposure to Irish banks" in the article cited is almost certainly not their exposure to our bailed out banks, but to "banks in Ireland" - which is to say including the IFSC.

The Irish domestic banking sector contains, according to the Central Bank, €8.3bn in bonds held by eurozone holders and €11.2bn in eurozone deposits. For German banks alone to be owed €21.3bn, they would have to account for 110% of the sector's eurozone liabilities.

If you include all the banks in Ireland, including all the ones in the IFSC (71 more banks in addition to the c.12 in the domestic sector), the total eurozone liabilities are €160bn, which would make the German bank holdings something like an eighth of them, which is rather obviously more realistic.

"Timere diurnariis notitia ferentes" - "fear journalists bearing statistics".

cordially,
Scofflaw