How long before Ireland goes burst?

Ali Babba · 23-08-2010 11:31PM #1

How long do you think it's going to be before Ireland goes broke? Nobodies making any money, nobodies spending money, companies are only surviving on any reserves they have, banks aren't lending money, this really can't last too much longer. With the onset of the next budget and all our money going down the NAMA black hole i'd say six months tops...........

nachoman · 23-08-2010 11:35PM

Good thread. yeh I was reading an article in the sunday times about how its going to be alot more harsher in the next three years. My self I don't think we've reached even zero yet never mind growth in the economy, things are gonna really get bad.

ejmaztec · 23-08-2010 11:36PM

Ali Babba wrote: »

How long do you think it's going to be before Ireland goes broke? Nobodies making any money, nobodies spending money, companies are only surviving on any reserves they have, banks aren't lending money, this really can't last too much longer. With the onset of the next budget and all our money going down the NAMA black hole i'd say six months tops...........

No problems if you're a somebody.

bleg · 23-08-2010 11:36PM

It'll have to be a lot of rain...

starlit · 23-08-2010 11:37PM

Ireland is already bust!:eek:

Ali Babba · 23-08-2010 11:38PM

Property prices are expected to fall further too by the looks of it. Bank of Scotland pulling out too looks ominous.

plein de force · 23-08-2010 11:38PM

next wednesday

sparksfly · 23-08-2010 11:38PM

What exactly will happen if/when we go bust?

Rented Mule · 23-08-2010 11:39PM

bleg wrote: »

It'll have to be a lot of rain...

In that case, Leinster House should float well above everything.

Ali Babba · 23-08-2010 11:40PM

ejmaztec wrote: »

No problems if you're a somebody.

More nobodies around than somebodies by the looks of things so.....

Rented Mule · 23-08-2010 11:40PM

sparksfly wrote: »

What exactly will happen if/when we go bust?

....that's when the whores come in !!

RonMexico · 23-08-2010 11:40PM

Bring it on, its inevitable and those heartless bastards in power deserve to have it happen on their watch. If only so they are run out of office like diseased rats, never to return again.

Sanjuro · 23-08-2010 11:40PM

When somebody sticks a pin in it... Nobody drop any pins...

Plebs · 23-08-2010 11:41PM

The social welfare bill needs to be halved.

Terry · 23-08-2010 11:41PM

https://www.youtube.com/watch?v=V17duGlHEYY

NoHornJan · 23-08-2010 11:43PM

sparksfly wrote: »

What exactly will happen if/when we go bust?

Santa won't be coming...

Ali Babba · 23-08-2010 11:44PM

Plebs wrote: »

The social welfare bill needs to be halved.

There won't even be money to pay half of the social welfare bill or the wages or pensions. It will be a free for all i'd say or we'll end up with military rule. The Gardai and defence forces are already in training for riots.

Gummy Panda · 23-08-2010 11:48PM

AH economists are very insightful

starlit · 23-08-2010 11:48PM

We be all singing in the rain!

orourkeda · 23-08-2010 11:48PM

NoHornJan wrote: »

Santa won't be coming...

Santy is only a bollix in anyway

Terry · 23-08-2010 11:48PM

Ali Babba wrote: »

There won't even be money to pay half of the social welfare bill or the wages or pensions. It will be a free for all i'd say or we'll end up with military rule. The Gardai and defence forces are already in training for riots.

https://www.youtube.com/watch?v=wRnSnfiUI54

Superbus · 23-08-2010 11:53PM

You know those ads for Concern?

It'll look like that throughout the country, just with more white people and fields.

Jeboa Safari · 23-08-2010 11:57PM

Don't think we'll collapse now. And seeing all the 2010 cars this year people are spending money.
Looking at Reeling in the Years over the last week, we're no where near as bad as the 70s. I don't know how the country managed to run at all, between postal, bank and power strikes, and the oil crisis meaning people had to queue for oil. Troubles also in full swing, and unemployment higher than it is now. Think there was a bank strike that lasted 6 months

InTheTrees · 24-08-2010 12:00AM

We're already bust. I'm surprised so many people didn't already know that.

Cavehill Red · 24-08-2010 12:04AM

Plebs wrote: »

The social welfare bill needs to be halved.

Or how about we stop paying for bankrupt banks and use the billions tied up in dodgy finance to create some fcuking jobs?

iamthe43 · 24-08-2010 12:08AM

Cavehill Red wrote: »

Or how about we stop paying for bankrupt banks and use the billions tied up in dodgy finance to create some fcuking jobs?

Agreed

Ali Babba · 24-08-2010 12:16AM

Jeboa Safari wrote: »

Don't think we'll collapse now. And seeing all the 2010 cars this year people are spending money.
Looking at Reeling in the Years over the last week, we're no where near as bad as the 70s. I don't know how the country managed to run at all, between postal, bank and power strikes, and the oil crisis meaning people had to queue for oil. Troubles also in full swing, and unemployment higher than it is now. Think there was a bank strike that lasted 6 months

Granted there are some people who seem to be unaffected by the recession but some can't even put food on the table and others are just keeping their heads down in the hope that it will all blow over. From what i'm seeing is that it's still in free fall, more and more companies are failing and the banks aren't loaning and pulling the plug on overdrafts all over the place, even to companies that are relatively strong.

Ban Ki Moon · 24-08-2010 12:25AM

I give it 3 years (at best)

A better thread would be 'when will the global economy finally collapse' under its already buckled foundations

Its is only a matter of time, There is no if.

Governments have pumped collasal amounts of money into this hopeless trap that we call an economy and all to no avail, Unemployment figures have been rising in most major economies like the U.S ,Japan and the E.U, Stagflation is the best we can hope for now.

ejmaztec · 24-08-2010 12:27AM

Ali Babba wrote: »

More nobodies around than somebodies by the looks of things so.....

The somebodies dropped the nobodies in the sh1t and are now living on their wive's millions.:(

questionmark? · 24-08-2010 12:28AM

I always wondered what would have happened the country if we did an Iceland and went under? Two or so years on and they seem to be on the road to recovery whereas the mess in our public finances we'll be felt for god only knows how many decades to come we are so far in debt now.

Cavehill Red wrote: »

Or how about we stop paying for bankrupt banks and use the billions tied up in dodgy finance to create some fcuking jobs?

The problem with that cavehillred is that it makes sense. The banks, developers FF dont seem to get that getting us back to work is more important than Anglo Irish bank.

Plebs · 24-08-2010 12:29AM

Cavehill Red wrote: »

Or how about we stop paying for bankrupt banks and use the billions tied up in dodgy finance to create some fcuking jobs?

Who do you think is giving the State the money to pay the social welfare bill? The banks...

€205 a week plus rent allowance is far too much money to be giving single men. Especially when I can buy 12 cans of Bavaria for €12 in my local SuperValu.

How long before Ireland goes burst?

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