November 29, 2020

Time to upgrade to Ireland, Version 2.0.

May 27, 2011 eblaney

As a nation we need to consider whether or not the Ireland which our forefathers envisaged after independence, has outlived its usefulness. Not long after independence of the 26 counties had been achieved, the enormity of the task of building a Nation from scratch dawned on the then and subsequent governments.

Effectively, we had nothing. Nothing perhaps, except the determination to succeed and to build a nation of which all of it people, both at home and abroad, could all be proud. There were many many courageous, dedicated and capable women and men down through the years, who turned what was effectively a bog field, into a modern thriving economy and society. [Read More]

The Money Merry Go Round

May 1, 2011 eblaney

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 [Read More]

Political consensus behind disastrous decision Kenny, Cowen & Gilmore

February 14, 2011 eblaney

The bank guarantee represented the most spectacular single transfer of wealth ever in the history of this country, from society at large to a financial elite. The elite being depositors of more than €100,000 (depositors up to €100,000 had been guaranteed previously) and bondholders who had lent money to the banks. Even if the banks had not collapsed subsequently, it was still a huge transfer of wealth because of the insurance it gave the big depositors and bondholders. [Read More]

Web designer refuses to cringe in the face of adversity – Irish Times

December 6, 2010 eblaney

IT WOULD be a shame to waste a strong iconoclastic streak, wouldn’t it? Eamonn Blaney uses his to excellent effect; badgering, doorstepping, blathering full belt to whoever will listen to get where he needs to go with his new venture – Cringefactor.com.

A few years ago the Howth native left, rather than waiting to get pushed from, his €110,000 a year job. He decided to upskill and headed into Trinity College Dublin to do a masters in business administration. Blaney spent €25,000 of his own funds, got his masters degree and re-entered a working world of . . . very little – no head honcho job, few prospects of one and faltering hope in a radically different work environment to the one he had previously inhabited. [Read More]

TD’s had better think before voting.

December 6, 2010 eblaney

As we get closer to the financial and social endgame resulting from Fianna Fail and the Greens governance are country, their incompetence and lies are laid bare for all to see. Those of us who were advised to go and commit suicide by the then leader Mr. Bertie Ahern and didn’t, can see their very worst nightmares coming to fruition. We knew it was going to be bad but we could never have conceived just how bad it has become. And this is really just the start.

In a speech in 2007 Mr. Ahern promised that in a fall would reduce the gap between what we spent and what we took in taxes than revenues. He lied. Mr. Cowen, who was then the finance minister, simply went along with what ever he was advised to do by those total incompetents in the Department of Finance. The big accountancy and legal firms operating in Dublin who oversaw audits of the major banks and financial institutions, and charged millions for it, reported that everything was okay, these companies also lied. Full article on www.EamonnBlaney.com [Read More]

Irelands Economic Crisis Explained, By Robots !

November 26, 2010 eblaney

The Irish story began with a genuine economic miracle. But eventually this gave way to a speculative frenzy driven by runaway banks and real estate developers, all in a cosy relationship with leading politicians. The frenzy was financed with huge borrowing on the part of Irish banks, largely from banks in other European nations.

Then the bubble burst, and those banks faced huge losses. You might have expected those who lent money to the banks to share in the losses. After all, they were consenting adults, and if they failed to understand the risks they were taking that was nobody’s fault but their own. But, no, the Irish government stepped in to guarantee the banks’ debt, turning private losses into public obligations. [Read More]

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