A collection of interviews with banking whistle-blower Jonathon Sugarman from around the time of his appearance as a guest before the Oireachtas Finance, Public Expenditure and Reform, and Taoiseach (a Committee of the Irish Parliament)in April 2017. I assisted with Jonathan with his preparation for the hearing including the drafting of his opening statement. …
In his recent article published in The Guardian newspaper, the acclaimed journalist and author Mr. Will Hutton suggests that part of the solution to the crisis would involve a situation whereby “…Central banks should inject money into their financial systems by offering to buy new bank loans made to support new investment, new innovation or new infrastructure – helped by partial government guarantees”. I fundamentally disagree with him and all the other ‘solve a debt crisis with more debt’ proponents. Here I present my own radical proposals that people need to start considering Lets start a real conversation to challenge accepted ‘wisdom’.
I simply do not believe that Enda Kenny, who has spent the last ten years TOTALLY focused on rebuilding his party and getting it elected to Government can possibly have the mental capacity nor indeed the time required to understand the dangers of this treaty or indeed anything to do with the financial crises. Does …
The only way out now is for massive debt write off and for the peripheral regions of Europe to leave the euro zone, albeit temporarily, and introduce a common Euro2 Currency. If this were to be adopted, it would mean that the countries which become party to this new currency would have a marketplace of approximately 250,000,000 people who share this currency and it would enable the rebuilding of these countries’ economies. This economic rebuilding and consolidation would take less time and cause significantly less human hardship than the austerity plan presently being put forward by the European Union and our own government.
The fact is that if the Euro collapses German exports will be approximately 40% (Frances +30%) more expensive than they are now and this would decimate the German economy. This is the reason Germany is doing everything and anything to take total control of the European Union.
The recent machinations by the EU to resolve the economic crisis by taking advice from bankers and financiers is akin to holding an AA meeting over a few pints in the local pub and they will have just about as much success.
However, it is obvious that the EU politicians, unelected officials and those in the financial services sector are suffering from an addiction. Their addiction to power, control, ego and personal financial gain, has destroyed the lives, hopes and aspirations of tens of millions of people Just like every other addict, the Eurocrats immediately condemn anybody who begins to suggest that it is they who may be a big part of the problem.
So we have reached the point where the Irish government is ineffectual and powerless in relation to the running for what is supposed to be our Democratic Republic of Ireland. What’s more, the parliament in the European Union is also powerless and ineffectual in relation to the drama is unfolding in Europe. Make no mistake about it, as we approach the end game of this financial disaster our real masters are those in the financial services industry and their media and political insiders.
I submitted this article to the Sunday Independent but they couldn’t make space for it. It was written two weeks ago.
The Irish League of Credit Unions recently released their quarterly “What’s Left?” report. It deals with how people throughout the Country are managing financially and the figures up to June are not just frightening they are a damning indictment on the failure of our Government to run OUR Country.
Just to give you an idea of just how bad the Government’s policy of protecting the banks has been for the average adult, nearly one in every two (47%) are late paying at least one bill a month, one in every three adults have between zero and seventy Euros left after paying their bills and a heartbreaking two hundred and eighty thousand people stated that their income does not even cover bills like their mortgage and electricity…..
“So given these three options are unlikely, there is really only one other way to restore competitiveness and growth on the periphery: leave the euro, go back to national currencies and achieve a massive nominal and real depreciation. After all, in all those emerging market financial crises that restored growth a move to flexible exchange rates was necessary and unavoidable on top of official liquidity, austerity and reform and, in some cases, debt restructuring and reduction….”
MANY times in my youth, while arguing with my late father Neil T Blaney about ineffectual government, he always maintained, much to my confusion at the time, that every government is truly representative of the society and the electorate which put them there.
That being the case, maybe it’s time for each of us to take a long, hard look at ourselves and ask what contribution we have made? What will we do differently and what personal commitment will we make towards building Ireland Version 2.0?
There is nothing that can overrule the will of the people, if they go to the trouble of making it known. The problem as I see it is that most of the people in this country simply want to leave it to somebody else to solve their problems.
According to the International Monetary Fund’s latest report, practically every developed economy is in debt. So everyone is in debt to someone else which is exactly the way the financial wizards of this world want to keep it. After all, we give them the license to literally print money which they then lend to us …