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CNN Main Headline: Irelands Ghost Estates

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Comments

  • #32
    Sprouts
    Registered Users, Registered Users 2 Posts: 325 ✭✭Sprouts


    Wake me up when they stop talking about Anglo Irish bank and how we're ****ed, night all.


  • #33
    sligopark
    Closed Accounts Posts: 1,620 ✭✭✭sligopark


    My name is URL wrote: »
    Burning out the Dail sounds like a plan though.. that'll get us out of this mess!


    good to see someone thinks it funny ;)


  • #34
    bobblepuzzle
    Closed Accounts Posts: 1,256 ✭✭✭bobblepuzzle


    Stekelly wrote: »

    We're in a recession, woop dee do. We've been in them before and in about 20 years we'll be in one again. The only difference is most of the people that are old enough now will be looking at all the hysterics going on during the next one and shaking their heads at all the overreacting going on with people thinking the sky is falling.

    The only difference is mate that we'll be the very last country out of it because of the f**king mess we are in, so you go and "woop dee do" somewhere else tbh


  • #35
    Mr Benevolent
    Closed Accounts Posts: 12,433 ✭✭✭✭Mr Benevolent


    Tomorrow morning will be when the real trouble hits. The Anglo evaluation will be out, and it won't be pretty.


  • #36
    sligopark
    Closed Accounts Posts: 1,620 ✭✭✭sligopark


    Cmdr Keen wrote: »
    The only difference is mate that we'll be the very last country out of it because of the f**king mess we are in, so you go and "woop dee do" somewhere else tbh

    agreed we won't be out of recession never mind paid out for the anglo irish political party mess 20 years from now and battling life without education, healthcare and national structural upkeep

    the only thing I can hope for is some new politics

    and the jailing of key members of the political bankster class

    people used to laugh that the difference in Ireland and Iceland was one letter...

    now their economy is on the up and they are putting their politicians toward criminal trial

    whilst we are looking at a generation plus of poverty for those middle class down and the political ankster class are laughing at us

    as our the EU political bankster class and those self same round the world blackmailing us into 7% national bond interest rates

    shame on those not willing to riot


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  • #37
    SEPT 23 1989
    Registered Users, Registered Users 2 Posts: 43,038 ✭✭✭✭SEPT 23 1989


    Confab wrote: »
    Tomorrow morning will be when the real trouble hits. The Anglo evaluation will be out, and it won't be pretty.

    The Bondholders wont sleep tonight


  • #38
    Sea Sharp
    Registered Users, Registered Users 2 Posts: 2,593 ✭✭✭Sea Sharp


    Confab wrote: »
    Tomorrow morning will be when the real trouble hits. The Anglo evaluation will be out, and it won't be pretty.

    What's the deal with this? Will they be able to lie and cut off a couple of billion or will this evaluation be examined by others to make sure they're telling the truth?


  • #39
    Dudess
    Closed Accounts Posts: 37,214 ✭✭✭✭Dudess


    Predator_ wrote: »
    How exactly are we a laughing stock?
    Yeah, the national fear of what others think of us (when they probably don't really) is more prevalent I'd say...


  • #40
    Mr Benevolent
    Closed Accounts Posts: 12,433 ✭✭✭✭Mr Benevolent


    Sea Sharp wrote: »
    What's the deal with this? Will they be able to lie and cut off a couple of billion or will this evaluation be examined by others to make sure they're telling the truth?

    A couple of billion won't make much of a difference. S&P say that if the total is over 35 billion they'll probably downgrade Ireland's credit rating. Most estimates are between 40-60 billion. Lower credit rating equals more risk, more risk equals higher bond rates. The next few days will be interesting.

    Michael Martin said
    “By and large we are very confident we’ll come out of this,” Martin said in an interview today in New York. “Clearly it’s challenging and so on, but there’s no necessity for the triggering of such a mechanism.”

    That's iffy language for such an important issue.


  • #41
    stovelid
    Closed Accounts Posts: 27,252 ✭✭✭✭stovelid


    Those houses at the start would have a far better chance of selling with a lick of paint.

    They're awful grey looking.


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  • #42
    TheZohanS
    Closed Accounts Posts: 11,581 ✭✭✭✭TheZohanS


    Ghostbusters! hehehehehahahahhohohohoho


    Where is enniscorthy gone ....


  • #43
    Sea Sharp
    Registered Users, Registered Users 2 Posts: 2,593 ✭✭✭Sea Sharp


    Confab wrote: »
    A couple of billion won't make much of a difference. S&P say that if the total is over 35 billion they'll probably downgrade Ireland's credit rating. Most estimates are between 40-60 billion. Lower credit rating equals more risk, more risk equals higher bond rates. The next few days will be interesting.

    Michael Martin said



    That's iffy language for such an important issue.

    Indeed. Well hopefully this will be the straw that breaks the camels back that puts an end to the Fianna Fail web of bullsh1t. Whether or not we need an EU/IMF bail-out will become very apparent very soon.


  • #44
    OPENROAD
    Registered Users, Registered Users 2 Posts: 11,692 ✭✭✭✭OPENROAD


    Sea Sharp wrote: »
    Indeed. Well hopefully this will be the straw that breaks the camels back that puts an end to the Fianna Fail web of bullsh1t. Whether or not we need an EU/IMF bail-out will become very apparent very soon.

    Do people fully understand the full implications of what this will actually involve?


  • #45
    Sea Sharp
    Registered Users, Registered Users 2 Posts: 2,593 ✭✭✭Sea Sharp


    OPENROAD wrote: »
    Do people fully understand the full implications of what this will actually involve?

    I'm under the assumption that it will mean savage cuts in a very short period of time. i.e. a nasty budget that cuts 20bn instead of 3bn.


  • #46
    sligopark
    Closed Accounts Posts: 1,620 ✭✭✭sligopark


    Sea Sharp wrote: »
    I'm under the assumption that it will mean savage cuts in a very short period of time. i.e. a nasty budget that cuts 20bn instead of 3bn.

    thamks of course to the billions provided toward money heaven via the dail


  • #47
    Mr Benevolent
    Closed Accounts Posts: 12,433 ✭✭✭✭Mr Benevolent


    OPENROAD wrote: »
    Do people fully understand the full implications of what this will actually involve?

    Yep, and I'll be hit badly, being unemployed.

    SAVE LIKE YOU'VE NEVER SAVED BEFORE!

    That said, it won't be the IMF coming in, it'll be the EU with an IMF delegation. The IMF have destroyed most countries in their path and the EU knows it needs to keep them from disemboweling us.

    And so...

    https://www.youtube.com/watch?v=USHHQRodF88


  • #48
    Wibbs
    Moderators, Science, Health & Environment Moderators, Society & Culture Moderators Posts: 60,386 Mod ✭✭✭✭Wibbs


    Stekelly wrote: »
    We're in a recession, woop dee do. We've been in them before and in about 20 years we'll be in one again. The only difference is most of the people that are old enough now will be looking at all the hysterics going on during the next one and shaking their heads at all the overreacting going on with people thinking the sky is falling.
    I don't agree, but obviously this is just my opinion. This one is different than the last and the one before. I lived through the latter and I remember the rampant inflation of the 70's before it. The difference this time is we went a lot higher and we've a lot more of a drop to fall into. That part is actually OK. Confidence will come back and save us there. The big problem is the huge cheque the government wrote to cover all the screwups of a particular and small group of investors. A move that was remarkably swift in it's execution and equally remarkable in how many of those investors appeared to be psychic at the time.... Compare how long the gov were discussing banning stag hunts to how quick NAMA was signed off.

    Guaranteeing our main banks was a good move, but essentially writing off the fcukups in anglo on the taxpayers ticket was daft. And we will be paying this back, and our children will be paying this back for many years. We've essentially said "ah its ok to make huge losses in the irish financial sector and the gov/taxpayer will bale you out". It's not far off a bookies paying you back your bet when your horse fell over in the first furlong. And the bill gets ever higher and higher and higher.

    I truly hope I'm wrong on all these points.

    Many worry about Artificial Intelligence. I worry far more about Organic Idiocy.



  • #49
    bobblepuzzle
    Closed Accounts Posts: 1,256 ✭✭✭bobblepuzzle


    And in yet another CNN Headline:

    Why is the lack of demand for public debt a problem?
    If no one is willing to buy sovereign debt, governments are forced to service their bulging loans from the public purse as well as to use state finances to try to stimulate growth. Ireland is a case in point. The country announced Wednesday plans to create 300,000 jobs as it struggles to shake off recession.
    At the same time, ratings agencies Standards & Poor's and Fitch warned that the country was at risk of further credit downgrades due to its multi-billion euro bailout of troubled bank Anglo Irish. The threat of a downgrade pushed up Ireland's cost of borrowing on financial markets, creating an extra squeeze on public finances.
    "It looks bad," says Ken Wattret, chief Euroland economist at BNP Paribas. "It's not exactly the same as Greece because the debt-to-GDP ratio going into this crisis was much lower. But the scale of the problem the government faces in Ireland is huge. The financial sector is in deep, deep trouble and the government is having to support it and that is putting huge strain on public finances.


  • #50
    Mr Benevolent
    Closed Accounts Posts: 12,433 ✭✭✭✭Mr Benevolent


    Cmdr Keen wrote: »
    And in yet another CNN Headline:

    Why is the lack of demand for public debt a problem?
    If no one is willing to buy sovereign debt, governments are forced to service their bulging loans from the public purse as well as to use state finances to try to stimulate growth. Ireland is a case in point. The country announced Wednesday plans to create 300,000 jobs as it struggles to shake off recession.
    At the same time, ratings agencies Standards & Poor's and Fitch warned that the country was at risk of further credit downgrades due to its multi-billion euro bailout of troubled bank Anglo Irish. The threat of a downgrade pushed up Ireland's cost of borrowing on financial markets, creating an extra squeeze on public finances.
    "It looks bad," says Ken Wattret, chief Euroland economist at BNP Paribas. "It's not exactly the same as Greece because the debt-to-GDP ratio going into this crisis was much lower. But the scale of the problem the government faces in Ireland is huge. The financial sector is in deep, deep trouble and the government is having to support it and that is putting huge strain on public finances.

    Seems like the US is really playing this up. I know we're in serious trouble, but they seem delighted that the EU is having problems.


  • #51
    sligopark
    Closed Accounts Posts: 1,620 ✭✭✭sligopark


    300,000 jobs ROLMFAO :D

    Homnestly this sounds as hollow as biffo taking the pledge

    wnakerdom political bankster talk at its best


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  • #52
    bobblepuzzle
    Closed Accounts Posts: 1,256 ✭✭✭bobblepuzzle


    The USA are already out of recession... as I said before, we'll be the last... building your economy on property is not the best idea in the book apparently..


  • #53
    battries not included
    Registered Users, Registered Users 2 Posts: 734 ✭✭✭battries not included


    this this mean i can get a house of the council pretty easily?

    I mean will I have to wait 5-7 years??


  • #54
    sligopark
    Closed Accounts Posts: 1,620 ✭✭✭sligopark


    battries not included wrote: »
    this this mean i can get a house of the council pretty easily?

    I mean will I have to wait 5-7 years??

    15 -17 years if the present dail male tail lickers continue

    5 - 7 days if new politics arose and opened up those nama locked estates


  • #55
    [Deleted User]
    Posts: 31,828 ✭✭✭✭ [Deleted User]


    OPENROAD wrote: »
    Do people fully understand the full implications of what this will actually involve?

    Well, the IMF are desperate to bail out as many countries as it needs to to keep the wheels on this FIAT money system, it's the reason for their existance. If several states collapse (financially) they may decide to create a differend monitory system anf render the IMF and world banksters superflourious and worthless.

    This video shows the end of Fiat currency! :D

    https://www.youtube.com/watch?v=ZdUGllH6tkY


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