The Irish economy collapsed because.... We're Irish

Mena · 19-04-2011 10:29PM

ejmaztec wrote: »

Couldn't we have Charlie's Angels instead, as the A Team would only convert a Hiace into a tank and blow stuff up?

When has that ever been a bad thing?

Eric Cartman · 19-04-2011 10:29PM

ejmaztec wrote: »

Couldn't we have Charlie's Angels instead, as the A Team would only convert a Hiace into a tank and blow stuff up?

we have enough lads in hiaces committing crimes already

fontanalis · 19-04-2011 10:31PM

Dwellingdweller wrote: »

Yeah man. Thing is, we're sittin dead in the road and some guy's pulled up beside us with some petrol in the boot. He's offerin to give us 20 litres to get us to the nearest station. But; it's a strange deal. He isn't askin for money now. He wants us to get to the nearest petrol station (out of recession), then buy our own petrol (credit on loan markets), then give him back his petrol (bailout loan). But, what if we can't find the petrol station?

Personally I'd just drive like f*** and hope I never see the cnut again. and, the EU/IMF were supposed to be our A-Team... this guy paddywhacking the country is their Mr. T :rolleyes:

Bloody right; rory fitzgerald needs a good slap.

Dwellingdweller · 19-04-2011 10:34PM

fontanalis wrote: »

Bloody right; rory fitzgerald needs a good slap.

I have absolutely no idea who Rory Fitzgerald is.

couldntthink · 19-04-2011 10:39PM

Dwellingdweller wrote: »

Yeah man. Thing is, we're sittin dead in the road and some guy's pulled up beside us with some petrol in the boot. He's offerin to give us 20 litres to get us to the nearest station. But; it's a strange deal. He isn't askin for money now. He wants us to get to the nearest petrol station (out of recession), then buy our own petrol (credit on loan markets), then give him back his petrol (bailout loan). But, what if we can't find the petrol station?

Should have got a TDI Golf, they're much lighter on fuel.

Maybe the IMF is like that Nigerian guy who e mails you saying you've won the lottery. You give him your banking details and he cleans you out.

Does anyone else love analogies? I know I do (not being sarcastic).

Dwellingdweller · 19-04-2011 10:45PM

couldntthink wrote: »

Maybe the IMF is like that Nigerian guy who e mails you saying you've won the lottery. You give him your banking details and he cleans you out.

Does anyone else love analogies? I know I do (not being sarcastic).

Hahaha. Yeah man, ya can't beat a good analogy with a shtick. :P

skelliser · 19-04-2011 10:46PM

but...but.. Fianna Fail told me it was Lehmans brothers that done it!!

Dudess · 19-04-2011 10:52PM

"We" Irish are this, this and this, or "the Irish should xyz" on the basis of what a handful of people said on this thread. Seriously, those who just throw that stuff out there - you're Irish too: when attacking "the Irish" do you (a) include yourselves (I'd tend to doubt it) or (b) believe you're enlightened exceptions (ah... there ya go)... in which case you're not really, seeing as you did **** all to prevent the mess too.

I agree there is a persecution complex inherent in Irish culture all right when it comes to other nations criticising us, but in order to put across that point, one doesn't have to make huge derogatory statements about their fellow countryfolk.

Lol at the people attacking Finland on the basis of one Finnish guy though - don't you realise you're doing exactly what you think he's doing?

couldntthink · 19-04-2011 11:06PM

I think we're all a bunch of fools. Fools for lying on our backs like submissive dogs. How long will it take us to break the latest in a long line of shackles. We went from being Britain's bitch to being the Vatican's bitch. Now we're the IMF's bitch.

And I actually had **** all to do with this mess. I'm 25, worked since I left school. I've never had a loan and I have been out of the country for two years. So yes, I reckon I can say I'm blame free.

However I will probably do nothing to solve the problem and instead I will bitch and moan about how awful everything else is and how the country's ruined. Just like everyone else here and everyone else in the country. So because of this I include myself in the collective "we". We are fools.

westendgirlie · 19-04-2011 11:34PM

Forest Master wrote: »

I hate all this "we" business when I had nothing to do with any of it. "We" need to pull together. What "we" should be doing to fix Ireland. The people that caused it are selfish arrogant c*nts who don't care about "Ireland", so the people that are being preached to in crappy little news articles by smug journo hacks had little or nothing to do with any of this sh*tty situation.
I run a sustainable business, self-employed, never got carried away with silly spending that I couldn't afford, nor invested in over-priced property even though I was offered many loans, nor did I buy into the bubble, and my business is making 30% more profit now than it was in the boom years.

So f*ck off.

Government.
Bankers.
Property Developers.
Tossers in low-spec BMWs who bought extra gaffs to rent out.
People who bought houses they couldn't afford (i.e. anyone in negative equity).

^^ These people are to blame - not me, and not most people, in fact.

Just cos a house is in negative equity doesn't mean the owner can't afford it

Get off ur high horse before you fall at Beechers Brook!

melekalikimaka · 19-04-2011 11:44PM

westendgirlie wrote: »

Just cos a house is in negative equity doesn't mean the owner can't afford it
Get off ur high horse before you fall at Beechers Brook!

i doubt many can afford to pay for a premise thats worth half their mortgage tbh, if they can they are a minority

ie means for example, not a defining statement

<mounts back on horse and gallops our of recession>

westendgirlie · 19-04-2011 11:58PM

melekalikimaka wrote: »

i doubt many can afford to pay for a premise thats worth half their mortgage tbh, if they can they are a minority

ie means for example, not a defining statement

<mounts back on horse and gallops our of recession>

If you bought a home that you have no intention of selling just make sure you can afford the repayments. If you are keeping up with payments then neg equity isn't gonna take that roof from over your head.

K-9 · 20-04-2011 12:08AM

westendgirlie wrote: »

If you bought a home that you have no intention of selling just make sure you can afford the repayments. If you are keeping up with payments then neg equity isn't gonna take that roof from over your head.

Unfortunately as over 100,000 households and rising are finding out, keeping up with the repayments isn't possible!

OPENROAD · 20-04-2011 12:12AM

westendgirlie wrote: »

If you bought a home that you have no intention of selling just make sure you can afford the repayments. If you are keeping up with payments then neg equity isn't gonna take that roof from over your head.

I think the real problem is that we do not set our own interest rates,interest rates are still relatively low, will people still be able to keep up with payments as interest rates rise?

K-9 · 20-04-2011 01:07AM

OPENROAD wrote: »

I think the real problem is that we do not set our own interest rates,interest rates are still relatively low, will people still be able to keep up with payments as interest rates rise?

And seeing as banks are more instigators of the interest rate rises due to capital requirements and losses, rather than the ECB, have borrowers budgeted for it. I don't think banks have and we've a mountain of evidence to suggest that!

saywhatyousee · 20-04-2011 01:15AM

People really have been brainwashed have'nt they.It was not "our" fault the problem is solely with private banking.You could run the best most successful economy in the world,however if a couple of individuals decided they didnt want to lend you any money anymore well your hung out to dry.There is extra profit margains in collapse you see,remember that.

Dudess · 20-04-2011 01:22AM

Yeah this "Let's take collective responsibility - that'll be really progressive" stuff is just the ultimate blame game really - holding people accountable who are anything but. Handy way of deflecting the focus from those who are actually to blame though...

OPENROAD · 20-04-2011 01:27AM

K-9 wrote: »

And seeing as banks are more instigators of the interest rate rises due to capital requirements and losses, rather than the ECB, have borrowers budgeted for it. I don't think banks have and we've a mountain of evidence to suggest that!

Might be taking you up wrong,don't understand your reply, it is a bit late

but the point I was making was that with the ECB raising interest rates as the EU economy (France, Germany) improves people here will be hit hard with monthly repayments.

K-9 · 20-04-2011 01:28AM

Dudess wrote: »

Yeah this "Let's take collective responsibility - that'll be really progressive" stuff is just the ultimate blame game really - holding people accountable who are anything but. Handy way of deflecting the focus from those who are actually to blame though...

Well we've a handy out, everybody just blame Europe.

saywhatyousee · 20-04-2011 01:53AM

K-9 wrote: »

Well we've a handy out, everybody just blame Europe.

Blame private banking and the ECB they are really to blame.Revert back to the gold stantard when money was actually money.Not the imaginary toilet paper we have today

fat__tony · 20-04-2011 01:58AM

feelingstressed wrote: »

They just had to include the leprauchaun costumes in an article about Ireland :rolleyes:
Is that how the Finns view us?

Boycott Nokia phones! :cool:

Nokia phones are complete **** these days, anyone with half a brain has left them.

K-9 · 20-04-2011 02:06AM

saywhatyousee wrote: »

Blame private banking and the ECB they are really to blame.Revert back to the gold stantard when money was actually money.Not the imaginary toilet paper we have today

Do explain the gold standard. Sounds a panacea.

saywhatyousee · 20-04-2011 02:16AM

K-9 wrote: »

Do explain the gold standard. Sounds a panacea.

Basically if you have a euro you could reedem it in gold,the money is backed by gold.Every unit of the currency would more less be a little piece of gold

K-9 · 20-04-2011 02:19AM

saywhatyousee wrote: »

Basically if you have a euro you could reedem it in gold,the money is backed by gold.Every unit of the currency would more less be a little piece of gold

Sounds very nice. Any economic analysis of it? Gold is worth a fortune now, sounds great!

Dwellingdweller · 20-04-2011 02:39AM

K-9 wrote: »

Sounds very nice. Any economic analysis of it? Gold is worth a fortune now, sounds great!

(from wiki)
"a return to the gold standard, if also combined with a mandated end to fractional reserve banking, would result in a significant increase in the current value of gold, which may limit its use in current applications.[22] However, this is specifically a disadvantage of return to the gold standard and not the efficacy of the gold standard itself. Some gold standard advocates consider this to be both acceptable and necessary[23]"

Forest Master · 20-04-2011 08:11AM

westendgirlie wrote: »

Just cos a house is in negative equity doesn't mean the owner can't afford it
Get off ur high horse before you fall at Beechers Brook!

It doesn't really matter though - if you bought at the height of the boom, then you're a contributing factor to the housing prices bubble. Sure, people who can't afford their repayments are more to blame than people who are still keeping up payments, but you still contributed to the prices being so high due to creating the demand in the first place. The demand for something sets the price - it's basic economics. You contributed to the false economy.

galwayrush · 20-04-2011 08:14AM

Wonder if the Finns gave 3 million in bonuses to one of their failed bankers back in the day?:rolleyes:

gcgirl · 20-04-2011 10:15AM

People getting mortages they clearly could not afford and getting cc and loads more personal loans to maintain their lavish lifestyles

The Irish economy collapsed because.... We're Irish

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