Banking Crisis Part 2

JONJO THE MISER · 07-09-2010 05:39PM #1

Yields on Irish ten year bonds have gone crazy all day, this could well be beginning of the end for Ireland inc, ye were warned here first.

My advice is have money on hand to survive at least 6 months, stock up on flour, rice and canned goods, buy candles and lots of batteries so you can survive rolling blackouts.
Now people might think im over reacting but im telling ye folks the possibilty of a full scale collapse of the Irish banking system and economy is very real in the coming weeks/months.

starlit · 07-09-2010 05:41PM

JONJO THE MISER wrote: »

Yields on Irish ten year bonds have gone crazy all day, this could well be beginning of the end for Ireland inc, ye were warned here first.

My advice is have money on hand to survive at least 6 months, stock up on flour rice and canned goods, buy candles and lots of batteries so you can survive rolling blackouts.
Now people might think im over reacting but im telling ye folks the possibilty of a full scale collapse of the Irish banking system and economy is very real in the coming weeks/months.

Has that not already happened though? I mean Anglo Irish Bank have technically bankcrupt the country though?

The worse is yet to come though, don't ya fret jonjo.

Yakult · 07-09-2010 05:42PM

I will make sure to have popcorn when it happens.

dr.bollocko · 07-09-2010 05:42PM

I wonder is it best to charge like 20 bucks for quick BJs or take my time over them and charge 100.
Everyone's after a bargain in today's economy but quality sells too.

I would disagree with your assessment btw.

Wolfe Tone · 07-09-2010 05:43PM

I have kind of stopped caring tbh. When the end comes then I will believe you.

goat2 · 07-09-2010 05:43PM

is this a bit over the top

dvpower · 07-09-2010 05:43PM

What's flour rice? Is it like rice flour?

Royal Seahawk · 07-09-2010 05:44PM

JONJO THE MISER wrote: »

Yields on Irish ten year bonds have gone crazy all day, this could well be beginning of the end for Ireland inc, ye were warned here first.

My advice is have money on hand to survive at least 6 months, stock up on flour rice and canned goods, buy candles and lots of batteries so you can survive rolling blackouts.
Now people might think im over reacting but im telling ye folks the possibilty of a full scale collapse of the Irish banking system and economy is very real in the coming weeks/months.

Not if you have a permanent and pensionable job for life!;)

dan719 · 07-09-2010 05:44PM

JONJO THE MISER wrote: »

Yields on Irish ten year bonds have gone crazy all day, this could well be beginning of the end for Ireland inc, ye were warned here first.

My advice is have money on hand to survive at least 6 months, stock up on flour rice and canned goods, buy candles and lots of batteries so you can survive rolling blackouts.
Now people might think im over reacting but im telling ye folks the possibilty of a full scale collapse of the Irish banking system and economy is very real in the coming weeks/months.

Western countries don't just collapse. We may have to go cap in hand to the IMF/EU for bailouts, which will no doubt have punitiative conditions attached, but the armageddon you envisage simply won't happen. Mainly because an Irish default could seriously damage the Euro, and zee Germans simply won't allow that to happen.

minidazzler · 07-09-2010 05:50PM

dr.bollocko wrote: »

I wonder is it best to charge like 20 bucks for quick BJs or take my time over them and charge 100.
Everyone's after a bargain in today's economy but quality sells too.

I would disagree with your assessment btw.

20, that way you get loads of warm fluids when it gets cold!

Sticky_Fingers · 07-09-2010 05:50PM

dan719 wrote: »

Western countries don't just collapse. We may have to go cap in hand to the IMF/EU for bailouts, which will no doubt have punitiative conditions attached, but the armageddon you envisage simply won't happen. Mainly because an Irish default could seriously damage the Euro, and zee Germans simply won't allow that to happen.

Tell that to Argentina, one of the most wealthiest countries in South America with a standard of living comparable to our own.
http://en.wikipedia.org/wiki/Argentine_economic_crisis_%281999%E2%80%932002%29

This blog shows whats its like to live in a country whose economy has failed completely. Some very interesting and downright scary stories in this blog
http://ferfal.blogspot.com/2009/03/argentinas-economic-collapse.html

JONJO THE MISER · 07-09-2010 05:51PM

20 Billion of Irish bonds need to be rolled over by the goverment this month, this is really serious folks, looks like there is going to me mass cutting of budgets, welfare and culling of the civil service:eek:.

The Agogo · 07-09-2010 05:54PM

I remember when the third quarter 2008 came in Ireland..

I was like "Duck and run...the recession is coming"

Just like in South Park....and Urkle.

mikom · 07-09-2010 05:54PM

Will this affect "X factor"?

cherryghost · 07-09-2010 05:54PM

Sticky_Fingers wrote: »

Tell that to Argentina, one of the most wealthiest countries in South America with a standard of living comparable to our own.
http://en.wikipedia.org/wiki/Argentine_economic_crisis_%281999%E2%80%932002%29

This blog shows whats its like to live in a country whose economy has failed completely. Some very interesting and downright scary stories in this blog
http://ferfal.blogspot.com/2009/03/argentinas-economic-collapse.html

Comparable? Don't make me laugh. Argentina is a dump. Always was, always has been.

The Agogo · 07-09-2010 05:55PM

JONJO THE MISER wrote: »

20 Billion of Irish bonds need to be rolled over by the goverment this month, this is really serious folks, looks like there is going to me mass cutting of budgets, welfare and culling of the civil service:eek:.

And not a moment too soon

dan719 · 07-09-2010 05:55PM

Sticky_Fingers wrote: »

Tell that to Argentina, one of the most wealthiest countries in South America with a standard of living comparable to our own.
http://en.wikipedia.org/wiki/Argentine_economic_crisis_%281999%E2%80%932002%29

This blog shows whats its like to live in a country whose economy has failed completely. Some very interesting and downright scary stories in this blog
http://ferfal.blogspot.com/2009/03/argentinas-economic-collapse.html

Maybe if you read my post, you'd notice I'd mentioned the EU. :rolleyes:

To compare Argentina and Ireland is diningenuous on several levels such as;

wealth distribution
political system

and so on.........

Check out the second search result

http://www.google.ie/#hl=en&source=hp&q=ntma+has+already+covered+borrowing+requirement+for+2010&aq=f&aqi=&aql=&oq=&gs_rfai=&fp=c005d735c107fba1

Einhard · 07-09-2010 05:56PM

JONJO THE MISER wrote: »

Yields on Irish ten year bonds have gone crazy all day, this could well be beginning of the end for Ireland inc, ye were warned here first.

My advice is have money on hand to survive at least 6 months, stock up on flour, rice and canned goods, buy candles and lots of batteries so you can survive rolling blackouts.
Now people might think im over reacting but im telling ye folks the possibilty of a full scale collapse of the Irish banking system and economy is very real in the coming weeks/months.

JONJO THE MISER wrote: »

20 Billion of Irish bonds need to be rolled over by the goverment this month, this is really serious folks, looks like there is going to me mass cutting of budgets, welfare and culling of the civil service:eek:.

The Sky Is Falling, Run To The Hills!!:eek::eek::eek:

Jeez Jonjo, i'd say your a great man to have around in a crisis!!

30H!3 · 07-09-2010 05:57PM

JONJO THE MISER wrote: »

20 Billion of Irish bonds need to be rolled over by the goverment this month, this is really serious folks, looks like there is going to me mass cutting of budgets, welfare and culling of the civil service:eek:.

Where are you getting all this sh1te from, please provide a link to a reputable newspaper article or at least provide some logic for the basis of your scaremongering.

Edit - The EU has just extended the bank guarantee today which covers business deposits, interbank loans, and other securities.

The €20 billion you are referring to is an annual budget deficit owed to international banks and bondholders. They aren't putting the pressure on us just yet, knowing they will be repaid with huge interest considering Ireland's poor S&P rating.

So yea... what exactly are you talking about?

-Trek- · 07-09-2010 06:00PM

So if Ireland defaults, does some-one repossess Ireland and throw us all out

.

Einhard · 07-09-2010 06:01PM

30H!3 wrote: »

Where are you getting all this sh1te from, please provide a link to a reputable newspaper article or at least provide some logic for the basis of your scaremongering.

You're deluding yourself!! This is happening right now!! This is like 2012 times 50 billion!!! The Road times 100 billion!!

/cracks open 30H!3's skull and feasts on the goo inside

Mr Cawley · 07-09-2010 06:04PM

How can I profit from this?

and Will it effect 'X factor'?

Snowie · 07-09-2010 06:06PM

yep and don't forget the world is going to end in 2012 eoither way so lets no worry to much folks......

gizmo · 07-09-2010 06:07PM

JONJO THE MISER wrote: »

Yields on Irish ten year bonds have gone crazy all day, this could well be beginning of the end for Ireland inc, ye were warned here first.

I've heard lots of things first on AH, a large proportion of them turned out to be total ****e though...

Wertz · 07-09-2010 06:08PM

I just got back from the local ATM and there's no money in it! JONJO is right!
Sell Mortimer, sell!

*runs in circles*

JONJO THE MISER · 07-09-2010 06:10PM

There is a big thread over on another forum, one poster there has been told that
BBC & Sky have put crews on standby in Ireland in the event this escalates:eek:

Anita Blow · 07-09-2010 06:14PM

Sticky_Fingers wrote: »

Tell that to Argentina, one of the most wealthiest countries in South America with a standard of living comparable to our own.
http://en.wikipedia.org/wiki/Argentine_economic_crisis_%281999%E2%80%932002%29

This blog shows whats its like to live in a country whose economy has failed completely. Some very interesting and downright scary stories in this blog
http://ferfal.blogspot.com/2009/03/argentinas-economic-collapse.html

And what major currency and economic union is Argentina in?

Anita Blow · 07-09-2010 06:16PM

Also, please stop the with the "stack up on rice, bread" comments etc.

The downright scaremongering by the media and some of the public on certain issues is ridiculous. We had these sort of comments 2 years ago.
"In 6 months Ireland will have collapsed"
"Dole will hit 500,000 by the end of 2009"
etc.
Never happened. When it does, I'll worry

07-09-2010 06:18PM

IT'S IN REVELATIONS PEOPLE!

Augmerson · 07-09-2010 06:18PM

JONJO THE MISER wrote: »

Yields on Irish ten year bonds have gone crazy all day, this could well be beginning of the end for Ireland inc, ye were warned here first.

My advice is have money on hand to survive at least 6 months, stock up on flour, rice and canned goods, buy candles and lots of batteries so you can survive rolling blackouts.
Now people might think im over reacting but im telling ye folks the possibilty of a full scale collapse of the Irish banking system and economy is very real in the coming weeks/months.

LOL

cherryghost · 07-09-2010 06:24PM

Thing is even if our country did spiral into economic turmoil, the fact that we're under euro currency bails us out, just like Greece. Right? RIGHT!?

Banking Crisis Part 2

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