Jb. pardon my ignorance but are you telling me that somebody could knock on my door in the morning and say Listen here MrGerry we want our 448,000 Euros now? Oh and by the way if you ever think of recording that tune "the party's over" I would love to do the music!
ALL the work that all of our ancestors have ever done - all the money they saved, invested and built our houses with - has left US with a MASSIVE debt, to th epeopel hwo created the monetary system - so MONEY IS THE ROOT OF ALL EVIL.
We would be better of living in mud huts, and NOT building up a debt, to whever is charging us for this system.
Can no one else see it ? We were warned by jesus that MONEY will be used to enslave us (by satan).
Hey, JB great vid, ironic twist I see Bank of scotland (halifax ) are to close all its branches in Ireland shedding 750 jobs.Its reason! was to concentrate more on its corporate and investment banking in Ireland.How fucking ironic is that.!What its telling us, sadly is that it views Highstreet banking in Ireland as not viable anymore.The people of Ireland must wake up ,as this indicates that corporations see Ireland as unproductive and expendable as a society ecconomicly
Noticed RTE The Frontline was reprogrammed following George Lee's sudden resignation. I was amazed when he said the current government could run for another two or three years; crisis usually results in change but not in this case it seems.
Good man JB, the news is absolutely shocking but we need more people like you to tell it as it is. Too many folk have their heads stuck in the sand (and other places too)
This may all be interesting,but the connected will have stashed their money(more like our money)in safe off-shore banks.These safe havens may not be so safe,the biggest rats at the moment,oligarch Russian and Chinese,are fleeing safe havens and stashing gold,silver and diamonds.Their houses are suddenly mortgaged here in Mayfair.Are we to expect an exodus and a seizure of property of non-doms?Something smells in ga-ga land of Mayfair and UK ?For now we are getting paid!
My sister has an honors degree in Economics and over Xmas dinner acted genuinely surprised when I informed her that the euro was not redeemable for gold since we had left the gold standard in the early 1970s. "Only a nerd would know that!" she commented. The university's in this country have been dumbed down to accommodate the MTV/Internet generation. An english lecturer friend of mine reliably informs me that 30% of english papers submitted by 1yrs students are of a remedial standard
I agree completely - a lot of my family friends are second level teachers & two are college lecturers. Last year in a brief conversation - one of the lecturers - told me that he sat in on tutorials for first & second years & his main concern was that the students could write properly & express themselves coherently.
He said their general communication skills were ' appalling ' - he lectures in
Our countryies have mortgaged the future based on growth, but the economy and the markets won't see real growth anymore with the ever increasing costs of fuel.
Economics is the truimph of modelled theory over reality and logic...ha ha, Peter Schiff explained about internet companies in the DotCom boom with a bigger market cap than New Zealand, yet with no profit or dividend...His famous line was 'What would you rather own? This company or New Zealand?' Ha ha Economist...that's funny.
I know exactly what he means - our two leading Banks in Ireland - Allied Irish Banks & Bank of Ireland have bigger loan books than the GDP of Ireland. Hard to believe - how could this happen ???
Imagine that happening - elsewhere in the world . It wouldn't be tolerated for one moment - but here in Ireland - if the price was right - these politicians & elitists would sell their own grannies . A total shower of gombeen brown nosers -
jbyeats, Have you ever considered meeting up with themodernmystic to have a discussion together for youtube. That would be absolutely great should you both get together sometime and make a video.
old guy - but I think he deliberately winds me up at times . I have lost my temper with him - a few times - but he always comes back with a twinkle in his eye & a wry smile.
I agree with a lot of what he has to say - but he views economic life & markets as benign -- I see them as conspiratorial playgrounds for the elite .
Down the line - we might do that - could be interesting. Thanks. jb.
Thats great that you would consider it. And the fact that you dont see eye to eye all the time would just make it even more entertaining to watch.
The reason I ask is because I have seen the youtuber 'Thunderfoot' go from discussing Richard Dawkins on his channel to personally interviewing Richard Dawkins for his channel and I just thought that with with all networks on all topics on youtube that this is possible. You guys meeting in person would be something I would stay up late to watch.
I had a conversation regarding the global economy with a colleague of mine (highly educated guy) yesterday.
Was, what I considered, rather gentle with my analysis regarding the world economy. Half way through the conversation, I noticed that he displayed the body language of somebody humoring a nut.
When the cleverest dont get it how are the dummies to do so.
I have been watching these numbers for a few years, the finance community are playing the markets, fundamentals only matter once it has crashed, a second dip may end the game.
2.1T very painful number, there are other countries that use accounting trickery to cover similar insurmountable debt edifices. USA, Germany and France are a few with unrecorded liabilities. Because of this "Mark to market" does not trigger sovereign collapse.
Printing and compound interest burden will though.
Wow! I've just checked the "List of countries by external debt" in wikipedia and really Ireland is next behind Iceland with respect to External debt (% of GDP) and everyone is worry about Greece. It's interesting times ...
The reason that we went bust, is because when the rich peopel are so pamperred, they breed at a rate of 3 fpr evey one.
We breed at a 1 to one basis, and are actually contracting.
Eventually there are so many of them, that the system collapses - NO amount of people can serve a greater amount of people.
So they have robbed the banks they controlled, and are wondering how they are gonna make th emoney worth anything.
So they blame us for overspending, and HOPE we will pay it !!
AnnoyingTypoSyndrome 2 years ago
Jb. pardon my ignorance but are you telling me that somebody could knock on my door in the morning and say Listen here MrGerry we want our 448,000 Euros now? Oh and by the way if you ever think of recording that tune "the party's over" I would love to do the music!
MrGerryodonothing 2 years ago
@MrGerryodonothing
Only an indicator - but a valuable one
nonetheless. The key indicator is Total Debt
versus GDP . In our case a very bad 'key'
indicator. Appreciate the comments. jb.
jbyeats 2 years ago
Look at it this way:
ALL the work that all of our ancestors have ever done - all the money they saved, invested and built our houses with - has left US with a MASSIVE debt, to th epeopel hwo created the monetary system - so MONEY IS THE ROOT OF ALL EVIL.
We would be better of living in mud huts, and NOT building up a debt, to whever is charging us for this system.
Can no one else see it ? We were warned by jesus that MONEY will be used to enslave us (by satan).
And here he is !!!!
AnnoyingTypoSyndrome 2 years ago
Hey, JB great vid, ironic twist I see Bank of scotland (halifax ) are to close all its branches in Ireland shedding 750 jobs.Its reason! was to concentrate more on its corporate and investment banking in Ireland.How fucking ironic is that.!What its telling us, sadly is that it views Highstreet banking in Ireland as not viable anymore.The people of Ireland must wake up ,as this indicates that corporations see Ireland as unproductive and expendable as a society ecconomicly
1984noway 2 years ago
@1984noway
Hi noway,
Yet again , you've got it. We're entirely expendable in their eyes. Once we
represented an asset - now we are a liability . Thanks. jb.
jbyeats 2 years ago
Noticed RTE The Frontline was reprogrammed following George Lee's sudden resignation. I was amazed when he said the current government could run for another two or three years; crisis usually results in change but not in this case it seems.
lanksareit 2 years ago
Good man JB, the news is absolutely shocking but we need more people like you to tell it as it is. Too many folk have their heads stuck in the sand (and other places too)
jerrytomo 2 years ago
@jerrytomo
Appreciate the comments . Thanks. jb.
jbyeats 2 years ago
This may all be interesting,but the connected will have stashed their money(more like our money)in safe off-shore banks.These safe havens may not be so safe,the biggest rats at the moment,oligarch Russian and Chinese,are fleeing safe havens and stashing gold,silver and diamonds.Their houses are suddenly mortgaged here in Mayfair.Are we to expect an exodus and a seizure of property of non-doms?Something smells in ga-ga land of Mayfair and UK ?For now we are getting paid!
justjacqueline2004 2 years ago
@justjacqueline2004
Hi jacqueline,
The picture of the UK you paint is not a pretty picture - hope the rats you mention - aren't deserting a sinking ship. Thanks .jb.
jbyeats 2 years ago
JB,
My sister has an honors degree in Economics and over Xmas dinner acted genuinely surprised when I informed her that the euro was not redeemable for gold since we had left the gold standard in the early 1970s. "Only a nerd would know that!" she commented. The university's in this country have been dumbed down to accommodate the MTV/Internet generation. An english lecturer friend of mine reliably informs me that 30% of english papers submitted by 1yrs students are of a remedial standard
hughoc 2 years ago
@hughoc
Dear Hugh ,
I agree completely - a lot of my family friends are second level teachers & two are college lecturers. Last year in a brief conversation - one of the lecturers - told me that he sat in on tutorials for first & second years & his main concern was that the students could write properly & express themselves coherently.
He said their general communication skills were ' appalling ' - he lectures in
media studies . Appreciate the comment .
jb.
jbyeats 2 years ago
Our countryies have mortgaged the future based on growth, but the economy and the markets won't see real growth anymore with the ever increasing costs of fuel.
NovusChaoMundi 2 years ago
If a serious move is made against Iran - the oil price will rocket. Thanks. jb.
jbyeats 2 years ago
Economics is the truimph of modelled theory over reality and logic...ha ha, Peter Schiff explained about internet companies in the DotCom boom with a bigger market cap than New Zealand, yet with no profit or dividend...His famous line was 'What would you rather own? This company or New Zealand?' Ha ha Economist...that's funny.
HOLLNAIER 2 years ago
I know exactly what he means - our two leading Banks in Ireland - Allied Irish Banks & Bank of Ireland have bigger loan books than the GDP of Ireland. Hard to believe - how could this happen ???
Imagine that happening - elsewhere in the world . It wouldn't be tolerated for one moment - but here in Ireland - if the price was right - these politicians & elitists would sell their own grannies . A total shower of gombeen brown nosers -
with no principles . Thanks. jb.
jbyeats 2 years ago
jbyeats, Have you ever considered meeting up with themodernmystic to have a discussion together for youtube. That would be absolutely great should you both get together sometime and make a video.
jaysteinbourg 2 years ago
I have great regard for Nick - he is a wise
old guy - but I think he deliberately winds me up at times . I have lost my temper with him - a few times - but he always comes back with a twinkle in his eye & a wry smile.
I agree with a lot of what he has to say - but he views economic life & markets as benign -- I see them as conspiratorial playgrounds for the elite .
Down the line - we might do that - could be interesting. Thanks. jb.
jb.
jbyeats 2 years ago
Thats great that you would consider it. And the fact that you dont see eye to eye all the time would just make it even more entertaining to watch.
The reason I ask is because I have seen the youtuber 'Thunderfoot' go from discussing Richard Dawkins on his channel to personally interviewing Richard Dawkins for his channel and I just thought that with with all networks on all topics on youtube that this is possible. You guys meeting in person would be something I would stay up late to watch.
jaysteinbourg 2 years ago
years ago we sold our spuds and made a profit now we sell our debt and everybody makes a profit how times have changed
sirhcelah 2 years ago
@sirhcelah
Hi sircelah,
How true.
I was at a social gathering many years ago - and a drunk investment banker boasted that money was the only non living thing which
' grew by its own volition ' - I never forgot that pompous prick & his arrogance.
I think many of his kind are due lots of sleepless nights ahead. Many thanks. jb.
jbyeats 2 years ago
I had a conversation regarding the global economy with a colleague of mine (highly educated guy) yesterday.
Was, what I considered, rather gentle with my analysis regarding the world economy. Half way through the conversation, I noticed that he displayed the body language of somebody humoring a nut.
When the cleverest dont get it how are the dummies to do so.
Despairing.
axionication 2 years ago
@axionication
I know how you feel. thanks. jb.
jbyeats 2 years ago
I got 6 out 10 in sums ,but I think I understand what your saying.
oliamit 2 years ago
@oliamit
You shouldn't understand this - this is only to be understood by your betters. You're just a
' worker ' - - - Get up & go to work - we will do all the thinking that's required - don't you worry - you just watch Coronation St -
Eastenders & the Premier League on Saturday. You're not ' trained to think ' - leave that up to us. We know what we are
doing !!!!!! Many thanks for the comment. jb.
jbyeats 2 years ago
jb,
I have been watching these numbers for a few years, the finance community are playing the markets, fundamentals only matter once it has crashed, a second dip may end the game.
2.1T very painful number, there are other countries that use accounting trickery to cover similar insurmountable debt edifices. USA, Germany and France are a few with unrecorded liabilities. Because of this "Mark to market" does not trigger sovereign collapse.
Printing and compound interest burden will though.
pardonwhat 2 years ago
any link to the last chart thanks
bookbinder66 2 years ago
@bookbinder66
Dear bookbinder,
Just put the link up - apologies over that.
Thanks. jb.
jbyeats 2 years ago
Wow! I've just checked the "List of countries by external debt" in wikipedia and really Ireland is next behind Iceland with respect to External debt (% of GDP) and everyone is worry about Greece. It's interesting times ...
SolitonPL 2 years ago
@SolitonPL
Very interesting indeed. Many thanks. jb.
jbyeats 2 years ago