Shut the f*** up about the economy...

wretcheddomain

It's getting almost annoying at this stage to hear the same ould economic dogma sh1te being pumped out en masse by ignorant twats.

So what specifically am I referring to?

Folks who go on and on about how this country is apparently 'broke' and how the country is, for all intents and purposes, f***ed.

The bottom line is that IT ISN'T.

We consistently rank among the richest countries in the world (in the Top 20), whether this rank comes from the IMF, World Bank, or other University studies.

Yes - listen to that word - RICHEST.

And then you've folks on here waffling on about a few euro here and there for cigarettes, or some stupid tax they don't want to pay. To all you people out there:

Don't be such ungrateful self-indulgent greedy little sh1tes. You didn't deserve excess cash in whatever boom and you certainly shouldn't be complaining when a few euro is taken back.

Yes - there is relatively high unemployment compared to what was but big fecking deal. Compare our overall status with the other 80% of countries less rich and able than us and maybe you'll stop complaining and get the bigger picture.

So no - the country isn't broke, and yes, you will survive.

My name is URL

You're the only one shouting about it atm

I haven't seen a 'recession' thread here in ages...

JJayoo

You're the first person to mention it today so take your own advice OP.

wretcheddomain

My name is URL wrote: »

You're the only one shouting about it atm

I haven't seen a 'recession' thread here in ages...

Get off the computer and out into the real world and maybe then you'll hear more of this tripe dogma.

And I'm talking about the falsehood that persists about the economy, I'm not referring to people who make legitimate comments concerning it.

Sir Humphrey Appleby

wretcheddomain wrote: »

Get off the computer and out into the real world and maybe then you'll hear more of this tripe dogma.

Tch Tch, thread not going the way you expected OP?:p

Islander13

Well said.

My personal pet hate is that from listening to the news youd swear every person was struggling to pay their mortgage. In reality 60% of homes have no mortgage and of the 40% who do, only 12% are in arrears. So 5% overall. I'm not trying to belittle the difficulties faced by those in trouble, but most homes are fine so there shouldnt be so much doom about it

Absolute Zero

wretcheddomain wrote: »

Get off the computer and out into the real world and maybe then you'll hear more of this tripe dogma.

And I'm talking about the falsehood that persists about the economy, I'm not referring to people who make legitimate comments concerning it.

Beats the endless complaining about the weather though OP

wretcheddomain

Sir Humphrey Appleby wrote: »

Tch Tch, thread not going the way you expected OP?:p

Nah, not at all Humphrey, just the other poster almost implied the only views that were relevant were those discussed on AH. The fact is this problem relates to those outside AH too but that poster obviously thought he was being smart.

Carnegie

We're borrowing nearly 2 billion every month just to stay afloat. Despite all the austerity and increased taxes our deficit is increasing. Only a matter of time before our lenders realise we can never repay this money and stop lending. I reckon we have 3 years max before it all comes to a head.

Reekwind

wretcheddomain wrote: »

Yes - there is relatively high unemployment compared to what was but big fecking deal. Compare our overall status with the other 80% of countries less rich and able than us and maybe you'll stop complaining and get the bigger picture

Great. We're not Somalia. Hip hip hooray

Now get back to work, little pixieheads

Amirani

Carnegie wrote: »

We're borrowing nearly 2 billion every month just to stay afloat. Despite all the austerity and increased taxes our deficit is increasing. Only a matter of time before our lenders realise we can never repay this money and stop lending. I reckon we have 3 years max before it all comes to a head.

Pretty much no Government has the ability to repay all its debts directly. Lenders know this.

Do you think lenders are suddenly going to find out that Ireland is some special case in this sense? Why would you suggest Irish bond yields have been falling consistently over the past couple of years?

wretcheddomain

Reekwind wrote: »

Great. We're not Somalia. Hip hip hooray

Now get back to work, little pixieheads

This thread was designed to shatter the delusion that we're a broke, wrecked, doomed, mid-Apocalyptic economy.

Those who believe such dogmatic tripe are idiots, irrespective of Somalia which you've kindly brought up.

Archeron

wretcheddomain wrote: »

So no - the country isn't broke, and yes, you will survive.

As long as I know how to love, I know I'll stay alive.

Carnegie

NiallSparky wrote: »

Pretty much no Government has the ability to repay all its debts directly. Lenders know this.

Do you think lenders are suddenly going to find out that Ireland is some special case in this sense? Why would you suggest Irish bond yields have been falling consistently over the past couple of years?

I'm not talking solely of capital, its only a matter of time before the interest repayments overwhelm us.

Watch what happens our bond yields in the next few months, investors began leaving the bond market in the last fews months and in the last 2 weeks its turned into a stampede.

Reekwind

wretcheddomain wrote: »

This thread was designed to shatter the delusion that we're a broke, wrecked, doomed, mid-Apocalyptic economy

So what, we should shut up and accept economic decline and accompanying hardship because some countries have it worse than us?

Nice try Enda

the_monkey

wretcheddomain wrote: »

It's getting almost annoying at this stage to hear the same ould economic dogma sh1te being pumped out en masse by ignorant twats.

So what specifically am I referring to?

Folks who go on and on about how this country is apparently 'broke' and how the country is, for all intents and purposes, f***ed.

The bottom line is that IT ISN'T.

We consistently rank among the richest countries in the world (in the Top 20), whether this rank comes from the IMF, World Bank, or other University studies.

Yes - listen to that word - RICHEST.

And then you've folks on here waffling on about a few euro here and there for cigarettes, or some stupid tax they don't want to pay. To all you people out there:

Don't be such ungrateful self-indulgent greedy little sh1tes. You didn't deserve excess cash in whatever boom and you certainly shouldn't be complaining when a few euro is taken back.

Yes - there is relatively high unemployment compared to what was but big fecking deal. Compare our overall status with the other 80% of countries less rich and able than us and maybe you'll stop complaining and get the bigger picture.

So no - the country isn't broke, and yes, you will survive.

Exactly, recession doesn't exist, everyone over here seems to be able to afford to have 3, 4 kids no problem, I'e be lucky if we can have a 2nd ...

Plus 4 cars, the ridiculous prices in the supermarkets.... all a big joke.

How Soon Is Now

Whatever about the economy its this whole ''Lets get out there and show the government were serious'' crap thats getting on my nerves.

Cant go a week without seeing a new protest being shared around Facebook do any of these make a ****ing difference ???? NOPE.

Were not France ffs the Irish government knows full well there running a country full of spineless mouths who are all bark and no bite.

Nothing and i mean NOTHING will ever change here unless its forced threw by the EU. People need to except the only way they will get the big cheeses attention is by shutting down the country and lets face it where all to lazy and comfortable sitting on boards or listening to the six of clock news shouting ****!! at the tv screen.

There are more people living comfortable in Ireland then ones who are struggling.

Reekwind

How Soon Is Now wrote: »

Whatever about the economy its this whole ''Lets get out there and show the government were serious'' crap thats getting on my nerves.

Cant go a week without seeing a new protest being shared around Facebook do any of these make a ****ing difference ???? NOPE.

Were not France ffs the Irish government knows full well there running a country full of spineless mouths who are all bark and no bite

Nothing and i mean NOTHING will ever change here unless its forced threw by the EU. People need to except the only way they will get the big cheeses attention is by shutting down the country and lets face it where all to lazy and comfortable sitting on boards or listening to the six of clock news shouting ****!! at the tv screen.

There are more people living comfortable in Ireland then ones who are struggling.

Irony intended?

How Soon Is Now

Reekwind wrote: »

Irony intended?

No because im not one of these people giving out about the government all the time !!.

Personaly ive got to the stage where i just try and get on with life they cant stop me from living can they ?

I dont support most people who complain because most of them have no idea why there even doing it!.

Its one of those situations where everyone has a common outlook uhhhh the government are all *****........ Everyone hates them but no one is gonna stop them are they ? ha.

Sandwlch

wretcheddomain wrote: »

Yes - there is relatively high unemployment compared to what was but big fecking deal.

Take it you are not unemployed then ?

My name is URL

wretcheddomain wrote: »

This thread was designed to shatter the delusion that we're a broke, wrecked, doomed, mid-Apocalyptic economy.

Those who believe such dogmatic tripe are idiots

You seem to think that just because we have a relatively high GDP per capita that it somehow means we're 'rich' as a country. Rich countries don't need to borrow tens of billions per year in order to keep functioning.

And our national debt is higher as a percentage than both our GDP and GNP. There's a big difference between people moaning about their personal situations and those who rightfully point out that our fiscal situation as a nation is in dire straits. Oh, and it doesn't really matter a fcuk what sort of money people here are making if they're unwilling to spend it and put money back into the economy.. and it's a fact that people are willing to spend less and less of their disposable incomes these days.

We are broke as a nation. If the IMF & EU were to pull out of our affairs tomorrow the **** would hit the fan.. there'd be nothing to pay civil servants with.. nothing to keep hospitals, schools etc open. But yeah.. people who point that out are the deluded ones :rolleyes:

zenno

Were all doomed, the country is fecked, I can see it getting a lot worse after this up-coming budget, what will we all do, i'm very worried.

I never benefited from the boom, the economy right now is in tatters and will never recover, what will i do, the pain of it all is too much, we need help from somewhere before it's too late.

Lapin

wretcheddomain wrote: »

You didn't deserve excess cash in whatever boom.........

Yes I fúcking did mate.

I worked bloody hard for it. :mad:

Dick Masterson

OP has obviously never heard of the "lesser evil" fallacy.

Look at it this way, let's Ireland was a slightly racist country, but Russia was a very racist country. Should we ignore racism in Ireland because there's worse racism elsewhere?

No because that would be stupid and your rant was stupid.

wretcheddomain

My name is URL wrote: »

We are broke as a nation. If the IMF & EU were to pull out of our affairs tomorrow the **** would hit the fan.. there'd be nothing to pay civil servants with.. nothing to keep hospitals, schools etc open. But yeah.. people who point that out are the deluded ones :rolleyes:

You're the type of guy who reads all this economic blabber and assumes just because you think you know more than anyone else about it, then you've the right to be pessimistic.

The simple fact is that the country isn't broke, everyone else except you and your pessimistic friends can see it.

And bringing up 'If...'s' is quite shocking. The fact is we're not broke and no matter how many 'if this happened, we'd be in ****s' only goes to prove we're not in sh1ts at the moment; at least not to the degree that eternal pessimists like you sort of wish we were as it'd give you something to complain about.

Dick Masterson wrote: »

OP has obviously never heard of the "lesser evil" fallacy.

Look at it this way, let's Ireland was a slightly racist country, but Russia was a very racist country. Should we ignore racism in Ireland because there's worse racism elsewhere?

No because that would be stupid and your rant was stupid.

This post was exceedingly stupid.

I acknowledged that unemployment was 'relatively high' compared to the boomtime so I never 'ignored' anything.

And you're the type that throws around these fallacies without having the proper context within which to place it.

Eternal fail.

Talib Fiasco

We would have solved all our problems if we plugged all the electrical equipment that we use every day into trees. We'd save loads every year. Recession sorted. Plug it into a tree.

Dick Masterson

wretcheddomain wrote: »

This post was exceedingly stupid.

I acknowledged that unemployment was 'relatively high' compared to the boomtime so I never 'ignored' anything.

And you're the type that throws around these fallacies without having the proper context within which to place it.

Eternal fail.

Yet you don't explain how it was used in the wrong context and you also never explained how my comment was stupid.

You're the type who throws around the word "fail" and hopes it wins an argument. Your debating skills are as weak as your intellect and this isn't 4chan, buddy, so take your immature nonsense elsewhere.

My name is URL

wretcheddomain wrote: »

You're the type of guy who reads all this economic blabber and assumes just because you think you know more than anyone else about it, then you've the right to be pessimistic.

And bringing up 'If...'s' is quite shocking. The fact is we're not broke and no matter how many 'if this happened, we'd be in ****s' only goes to prove we're not in sh1ts at the moment; at least not to the degree that eternal pessimists like you sort of wish we were as it'd give you something to complain about.

If I was a pessimist then I'd be saying the country would never recover, and I don't think that. Acknowledging that we're broke right now isn't pessimism, it's realism.

ffs.. I bet you're the type of genius that would have chastised people for suggesting that the housing bubble was about to collapse a few years ago. Those stupid stupid pessimists, eh?

The simple fact is that the country isn't broke, everyone else except you and your pessimistic friends can see it.

If that's the level at which you can argue your point then there's little sense in continuing to engage with you. You seem to have it all figured out fr yourself... ignore the experts and keep your head firmly buried in the sand

mikemac1

Flagged a taxi one day at the bus stop and three old biddies were muttering no recession in my house.

People should be encouraged to be out spending money in Ireland though if you head away on a weekend to Kerry or get a newish car or have a smashing wedding you'll be told no recession in your house :rolleyes:

What's with the constant judging?

Nemeses

wretcheddomain wrote: »

The simple fact is that the country isn't broke..

Oh I dunno, The country is € 171,484,275,045+ in debt.


I'm not too sure if you know what the definition of broke is OP..

My name is URL

Nemeses wrote: »

Oh I dunno, The country is € 171,484,275,045+ in debt.


I'm not too sure if you know what the definition of broke is OP..

That's not real debt.. it's just pessimism :pac:

Stevie888

How old are you OP? You sound like you are very young. You also seem to have no grasp of economics.

Nemeses

My name is URL wrote: »

That's not real debt.. it's just pessimism :pac:

Well, yeah! Considering all sorted of taxes, USC charges, other unknown government taxes are coming out of my wages...


I wonder why I feel pessimistic :P

Cee-Jay-Cee

I am considerably richar than ya-oooh.

Drakares

Good thing I live in Germany and don't have to listen to such.

bbam

I hate those that think that because we're not Living like a 3rd world country that it's good enough.
Usually people with good steady, secure jobs think its good enough for everyone who doesn't have a job, they're not dieing of hunger so it's not a recession.

OP needs to wake up.
The nation is under huge debts, with no revenue stream to make substantial progress towards getting it under control.

Major tax hikes are the only revenue stream open to the government and they well know how to pile it on. But they are trying to gauge just how far it'll go before people have enough( we're a good way off that yet IMHO).

Survival isn't good enough. People and their families deserve to live and know they have a secure future too.

Life's for living, not just surviving.

Sam Kade

wretcheddomain wrote: »

It's getting almost annoying at this stage to hear the same ould economic dogma sh1te being pumped out en masse by ignorant twats.

So what specifically am I referring to?

Folks who go on and on about how this country is apparently 'broke' and how the country is, for all intents and purposes, f***ed.

The bottom line is that IT ISN'T.

We consistently rank among the richest countries in the world (in the Top 20), whether this rank comes from the IMF, World Bank, or other University studies.

Yes - listen to that word - RICHEST.

And then you've folks on here waffling on about a few euro here and there for cigarettes, or some stupid tax they don't want to pay. To all you people out there:

Don't be such ungrateful self-indulgent greedy little sh1tes. You didn't deserve excess cash in whatever boom and you certainly shouldn't be complaining when a few euro is taken back.

Yes - there is relatively high unemployment compared to what was but big fecking deal. Compare our overall status with the other 80% of countries less rich and able than us and maybe you'll stop complaining and get the bigger picture.

So no - the country isn't broke, and yes, you will survive.

You are the ignorant one, you haven't a fcuking clue.

Stevie888

Sam Kade wrote: »

You are the ignorant one, you haven't a fcuking clue.

OP doesn't sound like the brightest spark in fairness.

dirtyden

For some reason the thought of an ostrich with it's head deeply buried in the sand comes to mind.

wretcheddomain

I'm fully aware of the scale of the debt and the so-called crises that is unfolding thus I'm not ignoring facts here. Indeed, I agree with almost every economic statement of fact produced by many of the previous posters. However, it's my belief, alongside many other posters in AH who read this, that we equally cannot ignore the scale of ignorance and exaggeration that penetrates not just the media projection of this crisis but also the highly inflated claims made by many about the economy.

I'll be the first to admit that the current state of affairs will never and should never be considered satisfactory and people have every right, and should, complain about the mismanagement of the economy and the scale of the difficulty to bring things back in order. However, while I'm fully cognisant of these difficulties and challenges, I think there's an overtly pessimistic outlook that is so far exaggerated it is beyond the realm of realism and into barmy. The purpose of this thread is not to ignore these difficulties which many posters have raised, but to at least acknowledge that there is currently too much exaggeration from many parts of the media and the populace concerning these matters.

mad muffin

wretcheddomain wrote: »

It's getting almost annoying at this stage to hear the same ould economic dogma sh1te being pumped out en masse by ignorant twats.

So what specifically am I referring to?

Folks who go on and on about how this country is apparently 'broke' and how the country is, for all intents and purposes, f***ed.

The bottom line is that IT ISN'T.

We consistently rank among the richest countries in the world (in the Top 20), whether this rank comes from the IMF, World Bank, or other University studies.

Yes - listen to that word - RICHEST.

And then you've folks on here waffling on about a few euro here and there for cigarettes, or some stupid tax they don't want to pay. To all you people out there:

Don't be such ungrateful self-indulgent greedy little sh1tes. You didn't deserve excess cash in whatever boom and you certainly shouldn't be complaining when a few euro is taken back.

Yes - there is relatively high unemployment compared to what was but big fecking deal. Compare our overall status with the other 80% of countries less rich and able than us and maybe you'll stop complaining and get the bigger picture.

So no - the country isn't broke, and yes, you will survive.

Are you on some drugs or just mental? Yeah sure we're the richest. The richest politicians. The richest bankers. The richest developers.

So why don't you **** off Bertie


Forgot to add. I'd leave tomorrow but my house isn't worth the toilet paper I wipe my arse with. We didn't even pay over the odds for it.

If our household pay gets cut anymore I might be tempted to post the keys back to the bank...

Stevie888

wretcheddomain wrote: »

I'm fully aware of the scale of the debt and the so-called crises that is unfolding thus I'm not ignoring facts here. Indeed, I agree with almost every economic statement of fact produced by many of the previous posters. However, it's my belief, alongside many other posters in AH who read this, that we equally cannot ignore the scale of ignorance and exaggeration that penetrates not just the media projection of this crisis but also the highly inflated claims made by many about the economy.

I'll be the first to admit that the current state of affairs will never and should never be considered satisfactory and people have every right, and should, complain about the mismanagement of the economy and the scale of the difficulty to bring things back in order. However, while I'm fully cognisant of these difficulties and challenges, I think there's an overtly pessimistic outlook that is so far exaggerated it is beyond the realm of realism and into barmy. The purpose of this thread is not to ignore these difficulties which many posters have raised, but to at least acknowledge that there is currently too much exaggeration from many parts of the media and the populace concerning these matters.

That's a bit of a change from calling people ignorant twats and saying "big fecking deal". But this "ah sure it'll be grand" attitude is partly why we are in such a mess and why we are the laughing stock of Europe. It's people like you who make this country so hopeless.

KyussBishop

While I agree that there is a huge amount of disinformation out there about the economy, economics in general, and our prospects for recovery, it is also the case that the public is never going to give enough of a toss to do anything about it all, when nobody talks about it, and when talking about it is discouraged.

I've given myself a decent passing-education on the massive faults in economics that hold us where we are now, and on how to solve the crisis - the actual solutions aren't all that hard, they are just mired in gigantic mounds of politics and bullshít, designed to muddy debate (driving people away from learning or caring), to delay reform/recovery as long as possible.

To get past all of that, people need to talk and learn about the topic, and sift through the inevitable pile of bullshít that every economics discussion turns into (online and in print/TV) - that's hard, because it's actually one big gigantic propaganda war, where the 'side' that has been controlling economic discourse in academia/media and among the public, peddling (often unknowingly) false information for the last 30 (or arguably 80) years, is winning by a very large margin, and is successfully preventing the discussion from even taking place.

Lapin

Drakares wrote: »

Good thing I live in Germany and don't have to listen to such.

No recession in your house.


:pac:

Geuze

Carnegie wrote: »

We're borrowing nearly 2 billion every month just to stay afloat. Despite all the austerity and increased taxes our deficit is increasing. Only a matter of time before our lenders realise we can never repay this money and stop lending. I reckon we have 3 years max before it all comes to a head.

The public deficit is approx 1bn per month, not 2bn.

The public deficit is falling.

Chips Lovell

My name is URL wrote: »

If the IMF & EU were to pull out of our affairs tomorrow the **** would hit the fan.. there'd be nothing to pay civil servants with.. nothing to keep hospitals, schools etc open. But yeah.. people who point that out are the deluded ones :rolleyes:

You do know that the IMF and EU are pulling out of here right? We're exiting the bailout this year. Two more visits from them and we're done.

MadsL

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

FizzleSticks

This post has been deleted.

Zebra3

wretcheddomain wrote: »

It's getting almost annoying at this stage to hear the same ould economic dogma sh1te being pumped out en masse by ignorant twats.

So what specifically am I referring to?

Folks who go on and on about how this country is apparently 'broke' and how the country is, for all intents and purposes, f***ed.

The bottom line is that IT ISN'T.

We consistently rank among the richest countries in the world (in the Top 20), whether this rank comes from the IMF, World Bank, or other University studies.

Yes - listen to that word - RICHEST.

And then you've folks on here waffling on about a few euro here and there for cigarettes, or some stupid tax they don't want to pay. To all you people out there:

Don't be such ungrateful self-indulgent greedy little sh1tes. You didn't deserve excess cash in whatever boom and you certainly shouldn't be complaining when a few euro is taken back.

Yes - there is relatively high unemployment compared to what was but big fecking deal. Compare our overall status with the other 80% of countries less rich and able than us and maybe you'll stop complaining and get the bigger picture.

So no - the country isn't broke, and yes, you will survive.

Utterly clueless.

My name is URL

Vladimir Kurtains wrote: »

You do know that the IMF and EU are pulling out of here right? We're exiting the bailout this year. Two more visits from them and we're done.

What do you believe 'exiting the bailout' means?

In this instance is a total misnomer. It's like saying that we're exiting a train which is travelling unstoppably along tracks that aren't even built.

We're exiting nothing for ten years at least. The IMF et al will still be dictating to us through biannual reports and constant reminders that we're bound to certain things.

They're no more done with us than a bank is done with you after you go in and blindly sign up for an overdraft extension.

SimonLynch

Sorry if it's been said elsewhere but OP, if you were in a room of tits you'd be sucking your thumb