JB,the "option to build"scheme was a tax avoidance scheme of which the dept. of finance were well aware. Provisions to close the loophole were inserted in the fiance act 2007(available online on attorney general's site).However they were never brought into effect as they required a ministerial order which was never made.See section 110.The MOF at the time was Brian Cowen.
Good morning jb, and merry xmas. good job talking about the residential/brown site options. Most people dont have a clue how sneaky this game is from its conception to its coming maturity.
@Dollymix001 Hi Dolly , You cropped in a interesting conversation last evening among a large group of people here in Dublin. Many were from the ' good & the mighty ' section of Irish society . I related how an ordinary lady I spoke with had advised people at large , to buy silver when it was at $12 US /oz - 14 months ago - now $29 US /oz.. These same people all preached to me about holding Irish Bank shares - now worthless . Priceless - to watch their faces. Merry Xmas .jb
Eire R.I.P???? In 2007 our alcohol industry was worth 6.9 billion.......there are roughly fifty countries in the world with an annual gdp equal or less to this. Jb...could you please make a video about possible alternative solutions to our little countries current financial troubles that some believe will leave us all homeless and starving within the next year or so??
Im not sure what you mean by critical phase.....the word implies something could happen that could entirely ruin our economy. Living standards will drop, taxpayers money will be misspent, but we'll still be within the top 20 or so when it comes to living standards. They're your videos so its your choice as to what the content is,but I sometimes feel the pessimism is a little overwhelming and could lead someone to believe we're one step away from becoming a third world country.
External debt covers all private debts, households, companies etc etc...the amount maybe eyewatering but many many developed countries have external debts which are many times the size of gnp. Our banks maybe bankrupt but that does not necessarily mean the economy is just going to go down the toilet overnight. Countries survive financial crisis, recessions occur practically every decade somewhere in the world. Im not saying everythings grand an we should just accept it, but its not hopeless
@mickoooo123 No. 2. Fourthly : Our Public Servants are some of the highest paid in the world. Fifthly : We are insulated from reality by an artificially low Corporation Tax which our EU neighbours will NO LONGER TOLERATE . OUR STATE SOVEREIGNTY NOW LIES WITH BRUSSELS . I have covered all these points in many , many videos. I have also raised the issue of what is to be done. FIRST : WE DEMAND AN ELECTION TO RID OURSELVES OF THE FF CREATURES WHO PUT US HERE .
Public servants pay may leave a foul taste in the mouth but its really irrelevant to how the economy is doing. Our effective tax rate for corporations is actually above that of hungary and cyprus, and only slightly lower than portugals, with our tax take from corporations being 3 and half percent of gdp, very much the norm for an e.u nation. Politicians and those in positions of financial power are allowed to get away with what they do because people just dont care.
@mickoooo123 No 3. We must then set about a 5 year recovery plan . I have gone into the specific ten points of action in several videos. If you back through the videos ; several relate to ' What is to be Done ' We have just given ONE BANKRUPT BANK - AIB 3.7 BILLION & WILL GIVE IT ANOTHER 6.1 BILLION IN FEB 2011. WE MIGHT AS WELL THROW IT INTO THE LIFFEY . Our banks are DEAD ! FINALLY - WE CAN NO LONGER BORROW MONEY FROM ANYONE APART FROM OTHER EU STATES .
@mickoooo123 No 4. You suggest Ireland lies within the top 20 States regards our Living Standard . That is the Asset side of the books - What about the liability side which i have just briefly oulined . A man lives in a huge house , drives a big car , has 3 credit cards & is totally weighed down in debt. THAT IS IRELAND . Another man lives in a tiny house , rides a bike & has NO DEBT CARDS . WHO IS THE WEALTHIER ? We are entering a crisis which you will NOT BELIEVE. Many thanks jb
If the man in debt can pay his bills he is wealthier, if he loses his job and cant find another then he is the poorer. Its personal choice if you decide to take out loans.Debt is only a problem if your job is insecure or you're terrible managing your money. I walked into brown thomas about a week ago before this second bout of snow hit us and it was packed....any country so enthralled with such wanton consumerism cannot considered to be in crisis in any real sense of the word.
What I really would like you to explain if possible is what you mean by this crisis? Are we talking people starving? employment reaching 20-30 percent? civil unrest? soaring crime rates? and what is it that will cause this?
I see debt as neither benign nor evil.....it can have both positive and negative effects...If someone wants to borrow money to buy a house they cannot afford in the short term but feel secure enough in their job to do it, then why shouldnt they? All financial crisis are essentially based around debt, not having the money to pay what you owe. you could take the view that someone working to pay a mortgage is a debt slave but what are their other options? whats the alternative?
Unemployment levels in western europe have been traditionally high for the past ten years, in around ten percent....Ours is undesirably high at the moment but it shouldn't entirely wreck the economy. We are generating over 100 billion per year after all, the economy will survive one way or another
What a laugh,you got Michael "Fingers" Fingleton with a 28 million pension and the IRISH PEOPLE are still glued to x facto,r when will the people rise up against this crap.Or will they roll over again....
This is the start of of a century of slaverary for the irish people..
Whoa, around here bankers give the money incrementally as the work is completed when they loan on a development. For all the money to pass with no good encumbrance on title is extreme malfeasance. I don't understand how the seller of the land could be at fault, unless they had provisions that they still owned it until the project was complete, having been previously paid in full. If they had not been then title would stay with them of course being the 1st lien holder, the bank a 2nd.
@omegahpla If they did continue to hold title after being paid in full that's either a real racket, or criminal negligence by the bankers. Funding a development through bridge funding is pretty normal & they usually charge higher interest for the risk involved while the project is ongoing, while paying incrementally while the project is in work
You mentioned nobel laureates? lol That prize has lost it's credibility. The crappiest economist in the US got it; Krugman, plus idiots Al Gore, & Obama
@jbyeats In the US the Government made it law to loan to "disadvantaged" borrowers, they were bad loans.Our Fannie May & Freddy Mac who bought loans on the secondary market basically made the rules for criteria they needed to have met to buy loans ... the regs & rules of Government institutions is what the banks used to determine the criteria for lending. Then after the whole thing went to hell, the media turned around & blamed banks, basically lying to the people. Big National Banks make ...
@jbyeats cont ... rules in collusion with government. The non internationals & regional banks just do what the big bad powers that be tell them & don't sass because they keep them in an environment of violation constantly & they can destroy them whenever they need to.
The whole banking things ends up being a convoluted mess & it's no accident. You can never nail anything down, those who say they did in the US are lying to the people as usual
It's hard to say who did what, but it's always big $
@omegahpla I think the point being, is that the banks were negligent. And now, we are paying dearly for their negligence.
If someone came by and offered you several hundred thousand for a small track of land that supported half a dozen cows, and you had the legal option to sell it but retain title if the development was not completed, what would you do?
@TheJanfitz As in the post I just made to JB, it's hard to understand where the government stops & banks start, and before government are the extremely large powerful banks usually. The really rich guys behind the whole mess generally own the press as well, or have it to the point they can discredit alternative media that isn't under their yoke to most public sheeples.
You won't get serious investigations, because the investigators who get on track & don't sell out will die, about every time.
we dont hear too many bankers decry the nanny state these days.
This NAMA is a product of the bubble mentality that got us into this mess in the first place. This NAMA is the bailout for deadbeat developer friends of FF, as well as cleaning up after the mess the banks made. it was really important to turf out the muppets in 2007, it was obvious a recession was coming as it was obvious FF would bail out their friends. 20 years ago this couldnt rub 2 billion together, we simply cannot afford it.
Looking at Frank Daily's body language in the Prime Time Investigates program brought me to the conclusion that he's only marginally ahead of Noel Dempsey at pretending to tell the truth.
Daly was working with Revenue when the Bailey brothers were making millions and paying no taxes. There was 'window dressing' in the media at the time 'crowing' that the brothers had to fork out €22 million after being 'caught'. I would love to see proof that they paid €22 million.
Hi J.B.Thanks for another excellent vid. After seeing that prime time program on R.T.E. on Monday night,and hearing today, that NAMA wont be pursuing any developers for transferring billions of euro worth of property into their wives names, I am totally enraged.This cabal of liars and thief's need to be brought to their knees and made to beg for their miserable lives
Excellent piece of detective work JB, as usual we are indebted to you for bringing even more blatant fraud and theft into the open.
Went out for a few jars yesterday, to cold to go walking, and risked talking openly about the Primetime show about developers living it up and t'fers to wives of assets. Everyone, even FFers, were horrified. It got a bit juicy though when I started explaining how billions of cash has also been t'fered to offshore banks, and we are also paying for this.
the way the political parties talk over here is that if we dont pay back the banks or if we leave the EU then we will suffer some kind of national calamity. we are a nation that can and was for long time the breadbasket of europe we can take back the corrib field from the bastard vultures of SHELL who have never been given the consent of irish people to drain our resources. in the national interest we should send the army to rossport and tell shell to get out of ireland.
@jbyeats 2. We have to reclaim all of this natural wealth back asap - not just for ourselves but for our children etc & future generations . We have to NATIONALIZE our NATURAL resources FOREVER . WE can only do that with a serious CONSTITUTIONAL AMENDMENT . WE have to exit the EURO - as soon as possible & we have to default & renegotiate our external debt . All this sounds impossible - but it is not . It could be done within 2-3 years. All we need is the political will . Thanks jb
hi jb i was listening to jim corr and he made an excelent point and ive often tought it myself, why dont we leave the EU we are a self suficint country in terms of growing crops and raising livestock, we are giving away billions in our national resources off mayo, why have labour or fine gael not said these things? we should take back our fishing grounds and stop paying our farmers to sit on their land. and any debt could be payed back from the corrib oil field. nothing will change with fg/lab
I'm sorry to say it, but its too late to fix this. You've been had. You've surrendered your total sovereignty to the ECB and more recently the IMF. It sends chills down my spine. I think it will be more downright evil than even you can imagine. When the music of the world economy stops within a few years, Ireland will be left without a chair to sit on and people will die as a result. I'm sorry of this is negative, but sticking it to the IMF was your last chance. Its Game Over. Be safe, ok, thx!
Thank you for all your time, amazing information and hard work. The people of Ireland are lucky to have you.
Remember Iceland. Say "NO" to the banks! Ireland can do it. The world is rooting Ireland on. We need more Icelands. Maybe The United States will wake up too. We have the same corruption in the US government. Our bankers are thieves. The majority of our population is dumber than a door knob. But the rest of us need to see the little guy win one. Go Ireland! Say NO!!
@Whorulesnow Just as you say . Iceland is an amazing example to us all. You must not forget however , that these extraordinary people come directly from Viking Warrior stock. They are ferociously proud of their nation & will not take abuse from anyone. In Ireland we are in the main - reluctant patriots . We sing about ' A New Ireland ' & raise our glasses to it - but that's your lot. I only hope that this crisis will force people to discuss & really engage in politics Thanks . jb
This is just unbelievable. That the bank actually bought "Out of the Money" options. An what happens when the license to build expire ? I really do not understand why the Irish people should be paying this. . .
What these crooks are doing to you, the Irish People, is no different than if they came to your home, took you to the bank at gunpoint, and said: "OK you fucking peasant, withdraw everything--and take a loan out in your childrens' names while you're at it peon, and hand it all over." No difference in outcome!
I can't believe someone hasn't died over there. It's pure sociopathic arrogance and criminality. These vermin who have done this are truly not fit for this world.
About your point you are surprised someone hasn't died over here yet, I agree with you totally - and my trigger finger is starting to get very very sweaty. (I aint married and I have no kids so I have nothing to lose. Time for my slot on the six o'clock is coming !!
Option to build? Who owns the deeds to the land, the Developers or the Farmers ect? Also I have eared that many of the Developers have given their assets to their wives to prevent them from being seized. Thus allowing them to carry on living their lavish lifestyles. While those at the lower end of society are being bled dry through high taxation. Have they no feeling of shame for what they have done to the Irish people? 25 years ago I visited Ireland, it was a very beautiful country.
@Codbelly2009 Mostly - the FARMERS , still own the DEEDS . The ordinary people refuse to SPEAK OUT. These Developers & their families waltz around Ireland - AS IF NOTHING HAS HAPPENED . They have indeed transferred their ' Key ' assets to their wives & children. Many of these developers still have offices in the major cities & conduct their daily business unaffected. It's almost as if they were giving the ' middle finger ' to the Irish People. Many thanks. jb
if there was one nation, one people who i would have said wouldnt stand for this it would have been the irish. it saddens me to see this happening to the irish people and what surprises me is that you are taking it in the arse and saying nothing.
I wish they could somehow allow a number of these properties to be completed and level off some, so as to have a percentage as agricultural land which would be attached to the properties left to create smallholdings.
Great stuff. The vast majority of people in Ireland seem to be in a daze. Their country is being stolen from underneath them and they don't seem to care. They are probably more interested in Strictly Come Dancing, or that jungle bollocks, than what they are about finance.
All counties are being bankrupted deliberately. There are financial weapons of mass destruction in every pension fund and every country in the developed world. A major flight of capital is under way.
@jbyeats my family apparently owned land in a small Central American country, years ago... the country changed it's name, tossed out the imperialist 'mother country' and reclaimed the land as it's own.... (too bad for my great uncle...) ...point is... ''assets'' are ''purchased'' inside a SYSTEM... IF the people simply so NO to the system, the assets can simply be taken back... of course, fat chance of ''the people'' ever figuring that out! .... so... don't worry, be happy...hmmm...??
Hi JB,excellent video as usual.I'm glad to be be home in Ireland & the reason I say that is because I am made feel like I should apologise for being Irish when I am working in Luxembourg.People there are angry at Ireland and the incompetence that is still ongoing.Many think we should be out of the EU,though this seems to be the sentiment among my french/german friends.I also want to thank you for pointing out that it is "options to build" that were bought by nama.So many people have missed that.
good on you jb-these people are expert finacial fraudsters who have destroyed this country for the next 2 or 3 generations-every last one of the cunts should be locked up in spike island for the rest of their natural lives and stripped of every penny they and there families possess-not until we the people build a genuine left to counter the right wing bastards in this country-swp member
ireland also needs low interest on the debt i say less than 1% the germans are using you to make their money. is the eu and other moneys going to write of your other debt or just going on your government paying for there own wages or both. i hope for my mother nations sake it's the first 1. long live an independent and wealthy ireland.
great vid i like you camera work. your people in power get way to much thats the first thing you need to cut and you need to get rid of this debt sharpish the sooner irelands back on top the better but the eu powers will not help youthe germanys said they wanted ireland to pay and be crushed just because you got in to debt with these german banks will i say germany go fuck your self ireland a long term debt 20-25 year so you can just pay the debt off. thanks
@mynoon1999 I sense where you are coming from . It is a simple enough matter to resolve but ' not that simple ' Firstly we need our own currency back . Like Iceland - we have to do a default & renegotiate these EU loans - ON OUR TERMS . Then we have to do a series of very unpopular things to get our States finances back ' ON TRACK ' However I am just blowing in the wind. Its much simpler to go & watch the Soap Operas & English football teams - Drink beer & eat MacDonalds. Thanks jb
JB,the "option to build"scheme was a tax avoidance scheme of which the dept. of finance were well aware. Provisions to close the loophole were inserted in the fiance act 2007(available online on attorney general's site).However they were never brought into effect as they required a ministerial order which was never made.See section 110.The MOF at the time was Brian Cowen.
ronanp100 1 year ago
@ronanp100
Appreciate that info . Never realised that - but in the context of FF
governance & their intimate relationship with speculators etc. -
I can understand it completely. I believe that after FF is removed from
power - a huge amount of material - which we are not aware of at present -
will be made public. Many thanks. jb
jbyeats 1 year ago
This has been flagged as spam show
Nama is just the 'consigliere' of the Fianna Fail Mafia. 'Made men' put in to cover the tracks of our 'rulers'.
As a nation, we're not as bright as we like to think.
geehair.blogspot.com
eirbiz 1 year ago
@eirbiz
Excellent comments. A lot of truth in what you say.
Many thanks. jb
jbyeats 1 year ago
Good morning jb, and merry xmas. good job talking about the residential/brown site options. Most people dont have a clue how sneaky this game is from its conception to its coming maturity.
Dollymix001 1 year ago
jbyeats 1 year ago
Eire R.I.P???? In 2007 our alcohol industry was worth 6.9 billion.......there are roughly fifty countries in the world with an annual gdp equal or less to this. Jb...could you please make a video about possible alternative solutions to our little countries current financial troubles that some believe will leave us all homeless and starving within the next year or so??
mickoooo123 1 year ago
@mickoooo123
I have dealt with this in the past but I will cover it again in early 2011 .
It centres around 10 or so issues - which if properly implemented
would change our country overnight.
This crisis is getting worse , deepening & accelerating .
THis coming year will see it eneter a new critical phase.
Many thanks. jb
jbyeats 1 year ago
Im not sure what you mean by critical phase.....the word implies something could happen that could entirely ruin our economy. Living standards will drop, taxpayers money will be misspent, but we'll still be within the top 20 or so when it comes to living standards. They're your videos so its your choice as to what the content is,but I sometimes feel the pessimism is a little overwhelming and could lead someone to believe we're one step away from becoming a third world country.
mickoooo123 1 year ago
@mickoooo123
I don't know if you live in Ireland . However in case you don't please let me explain
a few simple . Facts . Firtsly we are the most indebted nation in the world .
Please check out CSO website - External debt tab. = 1.72 Trillion Debt with a GNP
of 124 Billion & 4.5 Million people. Secondly. Our State debt = 240 + billion & rising .
Our interest payments on this debt = 6-7Billion PA.
Thirdly : ALL OUR BANKS ARE BANKRUPT.
jbyeats 1 year ago
External debt covers all private debts, households, companies etc etc...the amount maybe eyewatering but many many developed countries have external debts which are many times the size of gnp. Our banks maybe bankrupt but that does not necessarily mean the economy is just going to go down the toilet overnight. Countries survive financial crisis, recessions occur practically every decade somewhere in the world. Im not saying everythings grand an we should just accept it, but its not hopeless
mickoooo123 1 year ago
jbyeats 1 year ago
Public servants pay may leave a foul taste in the mouth but its really irrelevant to how the economy is doing. Our effective tax rate for corporations is actually above that of hungary and cyprus, and only slightly lower than portugals, with our tax take from corporations being 3 and half percent of gdp, very much the norm for an e.u nation. Politicians and those in positions of financial power are allowed to get away with what they do because people just dont care.
mickoooo123 1 year ago
jbyeats 1 year ago
jbyeats 1 year ago
If the man in debt can pay his bills he is wealthier, if he loses his job and cant find another then he is the poorer. Its personal choice if you decide to take out loans.Debt is only a problem if your job is insecure or you're terrible managing your money. I walked into brown thomas about a week ago before this second bout of snow hit us and it was packed....any country so enthralled with such wanton consumerism cannot considered to be in crisis in any real sense of the word.
mickoooo123 1 year ago
What I really would like you to explain if possible is what you mean by this crisis? Are we talking people starving? employment reaching 20-30 percent? civil unrest? soaring crime rates? and what is it that will cause this?
mickoooo123 1 year ago
@mickoooo123
Its 00.44 am & I have to head off to bed .
I just want to say you sound to me like a young person who has never
experienced serious societal problems. Up until 2 months ago - we had
NO PROBLEMS IN IRELAND .It was all talk-mostly lies that any problems existed.
Then suddenly our State admited it had a very serious problem .
Now we have NO SOVEREIGNTY & THE IMF & EU RUN OUR FINANCES .
Our REAL CRISIS STARTED 2 MONTHS AGO - LET'S TALK 12 MONTHS FROM NOW .
Thanks jb
jbyeats 1 year ago
@mickoooo123
Our live register again from the CSO - tells us we have approx 465,000
people receiving some form of State benefit from a potential workforce of 2.2 Million .
That's 21% + of the workforce receiving State benefit .
You view debt as an accountant/economist would .They see it as benign /good.
I see it as a social evil . We will have to differ on that one.
OUR PRESENT CRISIS IN IRELAND IS BASED AROUND ONE THING -
& ONLY ONE THING . DEBT & MORE DEBT . Many thanks jb
jbyeats 1 year ago
I see debt as neither benign nor evil.....it can have both positive and negative effects...If someone wants to borrow money to buy a house they cannot afford in the short term but feel secure enough in their job to do it, then why shouldnt they? All financial crisis are essentially based around debt, not having the money to pay what you owe. you could take the view that someone working to pay a mortgage is a debt slave but what are their other options? whats the alternative?
mickoooo123 1 year ago
Unemployment levels in western europe have been traditionally high for the past ten years, in around ten percent....Ours is undesirably high at the moment but it shouldn't entirely wreck the economy. We are generating over 100 billion per year after all, the economy will survive one way or another
mickoooo123 1 year ago
What a laugh,you got Michael "Fingers" Fingleton with a 28 million pension and the IRISH PEOPLE are still glued to x facto,r when will the people rise up against this crap.Or will they roll over again....
This is the start of of a century of slaverary for the irish people..
Eire R.I.P...
eddiebarr99 1 year ago
@eddiebarr99
We have just entered into this financial crisis proper , a few months ago.
Up until then , it was all talk . Now the talking is over.
Many ' sheeple' can still hear the sounds of the party in the background
and have not as yet woken up to OUR NEW REALITY . So far our State has put around 40 Billion into IRELAND'S BANKRUPT BANKS .
THEY ARE STILL BANKRUPT .
Unfortunately this crisis has to deepen significantly before we will see the people
respond. Many thanks. jb
jbyeats 1 year ago
I wish to hear this rant.
Default.
martinaoe2 1 year ago
@martinaoe2
Sorry I wiped it - almost immediately .
It was a standard rant - except I used expressions & vocabulary
I should not have . I don't want to offend the public at large.
Many thanks. jb
jbyeats 1 year ago
Whoa, around here bankers give the money incrementally as the work is completed when they loan on a development. For all the money to pass with no good encumbrance on title is extreme malfeasance. I don't understand how the seller of the land could be at fault, unless they had provisions that they still owned it until the project was complete, having been previously paid in full. If they had not been then title would stay with them of course being the 1st lien holder, the bank a 2nd.
omegahpla 1 year ago
@omegahpla If they did continue to hold title after being paid in full that's either a real racket, or criminal negligence by the bankers. Funding a development through bridge funding is pretty normal & they usually charge higher interest for the risk involved while the project is ongoing, while paying incrementally while the project is in work
You mentioned nobel laureates? lol That prize has lost it's credibility. The crappiest economist in the US got it; Krugman, plus idiots Al Gore, & Obama
omegahpla 1 year ago
@omegahpla
I am NOT saying all the farmers /original owners got ALL THE MONEY .
However I have been informed they did get the bulk of these monies.
It is a real ' catch 22 ' situation . The original owners were paid
substantial initial amounts for options - to build on their lands .
The developments are NOT completed . What happens now
- is down to the Banks /NAMA . They cannot complete the developments
because our property market has totally collapsed.
This is Ireland 2010. Thanks jb
jbyeats 1 year ago
@jbyeats In the US the Government made it law to loan to "disadvantaged" borrowers, they were bad loans.Our Fannie May & Freddy Mac who bought loans on the secondary market basically made the rules for criteria they needed to have met to buy loans ... the regs & rules of Government institutions is what the banks used to determine the criteria for lending. Then after the whole thing went to hell, the media turned around & blamed banks, basically lying to the people. Big National Banks make ...
omegahpla 1 year ago
@jbyeats cont ... rules in collusion with government. The non internationals & regional banks just do what the big bad powers that be tell them & don't sass because they keep them in an environment of violation constantly & they can destroy them whenever they need to.
The whole banking things ends up being a convoluted mess & it's no accident. You can never nail anything down, those who say they did in the US are lying to the people as usual
It's hard to say who did what, but it's always big $
omegahpla 1 year ago
@omegahpla I think the point being, is that the banks were negligent. And now, we are paying dearly for their negligence.
If someone came by and offered you several hundred thousand for a small track of land that supported half a dozen cows, and you had the legal option to sell it but retain title if the development was not completed, what would you do?
TheJanfitz 1 year ago
@TheJanfitz As in the post I just made to JB, it's hard to understand where the government stops & banks start, and before government are the extremely large powerful banks usually. The really rich guys behind the whole mess generally own the press as well, or have it to the point they can discredit alternative media that isn't under their yoke to most public sheeples.
You won't get serious investigations, because the investigators who get on track & don't sell out will die, about every time.
omegahpla 1 year ago
we dont hear too many bankers decry the nanny state these days.
This NAMA is a product of the bubble mentality that got us into this mess in the first place. This NAMA is the bailout for deadbeat developer friends of FF, as well as cleaning up after the mess the banks made. it was really important to turf out the muppets in 2007, it was obvious a recession was coming as it was obvious FF would bail out their friends. 20 years ago this couldnt rub 2 billion together, we simply cannot afford it.
theoneandonly365 1 year ago
2 Videos in two days!! Sweet work JB!
Lousypenguin 1 year ago
@Lousypenguin
Was away for a while . Trying to do some catchup.
Many thanks . jb
jbyeats 1 year ago
The RTE Prime Time Investigates can be seen on their website up until Jan 2011
eirbiz 1 year ago
Looking at Frank Daily's body language in the Prime Time Investigates program brought me to the conclusion that he's only marginally ahead of Noel Dempsey at pretending to tell the truth.
Daly was working with Revenue when the Bailey brothers were making millions and paying no taxes. There was 'window dressing' in the media at the time 'crowing' that the brothers had to fork out €22 million after being 'caught'. I would love to see proof that they paid €22 million.
geehair.blogspot.com
eirbiz 1 year ago
@eirbiz
When Daly retired from the Irish Revenue as their Commissioner -
he was taken out by a group of Irish Banks to ' CELEBRATE HIS RETIREMENT '
I often wondered what that was for ???
Some retirement. A massive salary & bonuses - as Chairman of NAMA .-
and who is one of NAMAs main clients - why of course THOSE VERY SAME BANKS.
HOW CONVENIENT ALL ROUND .
Many thanks. jb
jbyeats 1 year ago
Hi J.B.Thanks for another excellent vid. After seeing that prime time program on R.T.E. on Monday night,and hearing today, that NAMA wont be pursuing any developers for transferring billions of euro worth of property into their wives names, I am totally enraged.This cabal of liars and thief's need to be brought to their knees and made to beg for their miserable lives
joe9083 1 year ago
@joe9083 If that situation arises and you want them to beg for 'fervently' ...give me a call!
eirbiz 1 year ago
This has been flagged as spam show
@joe9083 If that situation ever arises and you want them to beg more 'fervently'...give me a call!
eirbiz 1 year ago
@joe9083
Hopefully their political lives will be in jeopardy after March 2011.
It will be something of merit - to look forward to in 2011.
Many thanks. jb
jbyeats 1 year ago
Excellent piece of detective work JB, as usual we are indebted to you for bringing even more blatant fraud and theft into the open.
Went out for a few jars yesterday, to cold to go walking, and risked talking openly about the Primetime show about developers living it up and t'fers to wives of assets. Everyone, even FFers, were horrified. It got a bit juicy though when I started explaining how billions of cash has also been t'fered to offshore banks, and we are also paying for this.
BringBack500s 1 year ago
@BringBack500s
I would say it was very interesting to say the least.
I only saw part of that programme but I am sure most right
minded people were appalled at the arrogance & hubris of these creatures .
As I mentioned earlier I have become convinced this is just the tip
of the iceberg & we will learn A LOT MORE ONCE THESE FF CREATURES
ARE FORCED OUT OF POWER .
Many thanks for the comments. jb
jbyeats 1 year ago
So if a ghost estate is demolished and returned to agriculture land it will still belongs to the original owner/famer?
lanksareit 1 year ago
@lanksareit
Indeed. Hard to believe but 100% true.
When anyone buys land - it is not like buying sweets .
The sale of ' land , deeds & good title ' come generally with a contract attached .
If the KEY terms & conditions of the contract are not fulfilled
- then the whole arrangement is voided.
It's English Mercantile Law.
I am sure it doesn't apply to all of the land purchases made by the speculators -
but a large percentage. That's lawyers for you.
Thanks. jb
jbyeats 1 year ago
were going from recession to depression.
kingneddy 1 year ago
@kingneddy
100% correct. One way or the other. Thanks. jb
jbyeats 1 year ago
the way the political parties talk over here is that if we dont pay back the banks or if we leave the EU then we will suffer some kind of national calamity. we are a nation that can and was for long time the breadbasket of europe we can take back the corrib field from the bastard vultures of SHELL who have never been given the consent of irish people to drain our resources. in the national interest we should send the army to rossport and tell shell to get out of ireland.
The22clowns 1 year ago
@The22clowns
1.
Mr Corr is a very wealthy man as a direct result of the largesse of Fianna Fail.
Up until recently - Mr Corr paid absolutely ZERO tax - as part of the
Artists Exemption Bill - courtesy of CJ Haughey.
That aside - he makes several important points .
We have been sidelined as a large scale agricultural producer .
With proper assistance - Ireland could feed huge sections of European Society .
Our fishing grounds & the gas & oil below them were given away.
jbyeats 1 year ago
jbyeats 1 year ago
hi jb i was listening to jim corr and he made an excelent point and ive often tought it myself, why dont we leave the EU we are a self suficint country in terms of growing crops and raising livestock, we are giving away billions in our national resources off mayo, why have labour or fine gael not said these things? we should take back our fishing grounds and stop paying our farmers to sit on their land. and any debt could be payed back from the corrib oil field. nothing will change with fg/lab
The22clowns 1 year ago
Absolutely incredible. Absolutely, positively incredible. Just when I thought nothing could possibly shock me anymore.
azusgm 1 year ago
@azusgm
It is truly shocking but in turn there may be a lot more to come.
I can understand the relationship between the senior Bank officials
& the Speculators . It was simple financial corruption .
The role of our Fianna Fail politicians in it all - is less clear .
I think we are just scraping the surface at present.
Many thanks. jb
jbyeats 1 year ago
I'm sorry to say it, but its too late to fix this. You've been had. You've surrendered your total sovereignty to the ECB and more recently the IMF. It sends chills down my spine. I think it will be more downright evil than even you can imagine. When the music of the world economy stops within a few years, Ireland will be left without a chair to sit on and people will die as a result. I'm sorry of this is negative, but sticking it to the IMF was your last chance. Its Game Over. Be safe, ok, thx!
Cookiefox 1 year ago
@Cookiefox
I know it doesn't look so good at present .
However we are entering into dark economic times &
people will become very political - quite quickly.
The bigger the crisis - the bigger the possibility of political change.
In 5 years from now - no one will recognise the political & economic landscape
in Ireland.
Appreciate your comments & the support. jb
jbyeats 1 year ago
Thank you for all your time, amazing information and hard work. The people of Ireland are lucky to have you.
Remember Iceland. Say "NO" to the banks! Ireland can do it. The world is rooting Ireland on. We need more Icelands. Maybe The United States will wake up too. We have the same corruption in the US government. Our bankers are thieves. The majority of our population is dumber than a door knob. But the rest of us need to see the little guy win one. Go Ireland! Say NO!!
Whorulesnow 1 year ago
jbyeats 1 year ago
This is just unbelievable. That the bank actually bought "Out of the Money" options. An what happens when the license to build expire ? I really do not understand why the Irish people should be paying this. . .
MaxZagar 1 year ago
@MaxZagar
You have to understand that the Banks & the Speculators were in
each others pockets . The executives from the Banks & the
Speculators were each making massive amounts from each NEW DEAL.
When the ' LIcense to build ' eventually expires - the Banks who are holding
these worthless contracts will have to destroy them - as they are of
NO VALUE . Ergo , the Good Title & ' defacto ' ownership will revert
to the original landowner .
Many thanks . jb
jbyeats 1 year ago
Another beauty. Save the raw footage of the rant. It may be worth something some day or at the very least, to be put on a "Best of JB" dsk set.
BluntTrauma621 1 year ago
@BluntTrauma621
Sorry about that - but I wiped it clean . It was pretty bad in that it wasn't clear what
I was saying. Nonetheless - I appreciate the support. Thanks. jb
jbyeats 1 year ago
What these crooks are doing to you, the Irish People, is no different than if they came to your home, took you to the bank at gunpoint, and said: "OK you fucking peasant, withdraw everything--and take a loan out in your childrens' names while you're at it peon, and hand it all over." No difference in outcome!
I can't believe someone hasn't died over there. It's pure sociopathic arrogance and criminality. These vermin who have done this are truly not fit for this world.
JejuLee 1 year ago
@JejuLee
Please understand that this this crisis in Ireland has just begun.
It has a real long way to go yet.
Up until a few months the vast bulk of Irish people refused to believe
that we had any problems - THEY BELIEVED ENTIRELY THE STATE MEDIA
& ITS PROPAGANDA MACHINE.
What is occurring - is exactly as you say - it is a countrywide economic rape of the
working & middle classes .
As I said it is only just starting. Many thanks. jb
jbyeats 1 year ago
@JejuLee
About your point you are surprised someone hasn't died over here yet, I agree with you totally - and my trigger finger is starting to get very very sweaty. (I aint married and I have no kids so I have nothing to lose. Time for my slot on the six o'clock is coming !!
donnyab 1 year ago
Americans are already paying for the toxic waste with their pensions and they don't even know
now what do you call dat?!
marniespeaks 1 year ago
@marniespeaks
What you say is correct in many ways. Ireland's leading Fianna Fail politicians
consider Ireland as the 51st State of the Union in a Political sense.
In an economic sense they view themselves as Europeans .
These FF creatures - would sell their ' grannies ' for money .
Indeed - the American Pension funds are in dire danger at present.
Many thanks. jb
jbyeats 1 year ago
Keep up the great work JB, I'll keep watching.
oniichanrikku 1 year ago
@oniichanrikku
Many thanks for your support. jb
jbyeats 1 year ago
The future of irelands youth is screwed
redline601 1 year ago
@redline601
Very much so. If I were a young Irish person - I would have
to be looking elsewhere for any sort of job or career.
Ireland is bankrupt - and will stay that way for at least another
20-25 years - unless we default on these loans & renegotiate
a payment schedule which suits us.
Many thanks. jb
jbyeats 1 year ago
Option to build? Who owns the deeds to the land, the Developers or the Farmers ect? Also I have eared that many of the Developers have given their assets to their wives to prevent them from being seized. Thus allowing them to carry on living their lavish lifestyles. While those at the lower end of society are being bled dry through high taxation. Have they no feeling of shame for what they have done to the Irish people? 25 years ago I visited Ireland, it was a very beautiful country.
Codbelly2009 1 year ago
jbyeats 1 year ago
hmm they look after state pension funds? nama sounds like a safe place to put em!
petermartinsurfmad 1 year ago
if there was one nation, one people who i would have said wouldnt stand for this it would have been the irish. it saddens me to see this happening to the irish people and what surprises me is that you are taking it in the arse and saying nothing.
dikkydoo1 1 year ago
@dikkydoo1
Sincere comment - which some years ago I would have shared with you.
However in getting older - I have become more cynical & have seen how
people can be bought for mere baubles.
A whole nation was bought off by Fianna Fail & their Bankster & Speculator Buddies.
The whole Irish People , but in particular the Middle Class & the Workers
are going to pay one hell of a price.
This crisis in Ireland is only beginning . It has a long way to go yet.
Many thanks. jb
jbyeats 1 year ago
Keep them coming JB. Shocking stuff!
aiyic 1 year ago
@aiyic
Unfortunately it is quite shocking - but NOT SURPRISING .
THESE FF CREATURES ARE INDEED A BREED APART.
Many Thanks. jb
jbyeats 1 year ago
I wish they could somehow allow a number of these properties to be completed and level off some, so as to have a percentage as agricultural land which would be attached to the properties left to create smallholdings.
SKAMP57 1 year ago
@SKAMP57
You sound like someone with a social conscience.
Your voice is like a blade of high grass moving in a gentle wind
- but very lost in their horrible world of tornadoes & hurricanes.
This NAMA has ZERO social context . It was never set up for
any other purpose than to SAVE FF , THE BANKSTERS & THE SPECULATORS.
THAT'S WHERE IT STARTS & THAT WERE IT ENDS. SAD but TRUE .
Appreciate your comment &concern. jb
jbyeats 1 year ago
Hi jb,
Great stuff. The vast majority of people in Ireland seem to be in a daze. Their country is being stolen from underneath them and they don't seem to care. They are probably more interested in Strictly Come Dancing, or that jungle bollocks, than what they are about finance.
All counties are being bankrupted deliberately. There are financial weapons of mass destruction in every pension fund and every country in the developed world. A major flight of capital is under way.
monetaryintelligence 1 year ago
@monetaryintelligence
Excellent comments. You know exactly what is happening .
This trend is accelerating by the month .
We seem to be heading full steam ahead into a massive
economic crash. Most of the money is stashed away
waiting for this crash - so that REAL HARD ASSETS can be purchased
for a few cents on the dollar. This is exactly what happened
in the1920s in the US. It will play out something similar this time.
Really appreciate the comments. Thanks. jb
jbyeats 1 year ago
@jbyeats my family apparently owned land in a small Central American country, years ago... the country changed it's name, tossed out the imperialist 'mother country' and reclaimed the land as it's own.... (too bad for my great uncle...) ...point is... ''assets'' are ''purchased'' inside a SYSTEM... IF the people simply so NO to the system, the assets can simply be taken back... of course, fat chance of ''the people'' ever figuring that out! .... so... don't worry, be happy...hmmm...??
debris54 1 year ago
Hi JB,excellent video as usual.I'm glad to be be home in Ireland & the reason I say that is because I am made feel like I should apologise for being Irish when I am working in Luxembourg.People there are angry at Ireland and the incompetence that is still ongoing.Many think we should be out of the EU,though this seems to be the sentiment among my french/german friends.I also want to thank you for pointing out that it is "options to build" that were bought by nama.So many people have missed that.
GraffiasVepar 1 year ago
@GraffiasVepar
It is hard to be too critical of the Germans & French .They work much better
on a closer co-operative principle - than we do. Our society is much more
divided economically than theirs. The divide between those that have & have not -
is not so blatantly obvious in their countries .
In Ireland it is bad & going to get a lot worse.
Ireland is entering a deep economic crisis.
I hope something positive will out of this coming election.
many thanks for all your comments .jb
jbyeats 1 year ago
good on you jb-these people are expert finacial fraudsters who have destroyed this country for the next 2 or 3 generations-every last one of the cunts should be locked up in spike island for the rest of their natural lives and stripped of every penny they and there families possess-not until we the people build a genuine left to counter the right wing bastards in this country-swp member
hairyarsewelder 1 year ago
@hairyarsewelder
Financial fraudsters indeed - and this is all only beginning.
We can only imagine the economic & political landscape in say 5
years from now. WE will have great difficulty recognising it.
As you say - some amount of right wing creatures in this little state .
Let's hope some sort of effective left opposition will begin
to appear after the next election. Many thanks. jb
jbyeats 1 year ago
Wishing your family a Merry Christmas mate in these difficult times!
Bon Nadal
Stuart
stuartsbushcraftblog 1 year ago
@stuartsbushcraftblog
Appreciate that. Same to yourself. Thanks. jb
jbyeats 1 year ago
It's sickening. The majority of the people have no idea this was all a deliberate act! Just putrid it is. I feel ill just thinking about it.
digitalSensei 1 year ago
@digitalSensei
I feel what is being acted out in front of us is only a tiny portion
of the total reality. THere is lots of stuff which went on & is still going on
& we know nothing about it.
It will only come to the surface in decades from now.
The levels of arrogance & hubris shown by these speculators,
banksters & politicians is truly sickening - Just as you say.
And all this is just beginning. Many thanks. jb.
jbyeats 1 year ago
There is still the option of default whether the debt is now owed to the ECB or the banks.
However it would prove impossible to borrow money anywhere.
geir44 1 year ago
@geir44
Agree abut the first issue you raise .
The second - I am not so sure.
You see modern capitalists are ruthless people -
and they also admire others who are also ruthless .
There are investment managers , pension fund managers & other countries
-who would totally be in awe , of a country which would stand up for itself
in such a manner. Many who have never invested here would do that -
if we were to show our teeth & that we meant real business in our future affairs.
many thanks. jb
jbyeats 1 year ago
ireland also needs low interest on the debt i say less than 1% the germans are using you to make their money. is the eu and other moneys going to write of your other debt or just going on your government paying for there own wages or both. i hope for my mother nations sake it's the first 1. long live an independent and wealthy ireland.
mynoon1999 1 year ago
great vid i like you camera work. your people in power get way to much thats the first thing you need to cut and you need to get rid of this debt sharpish the sooner irelands back on top the better but the eu powers will not help youthe germanys said they wanted ireland to pay and be crushed just because you got in to debt with these german banks will i say germany go fuck your self ireland a long term debt 20-25 year so you can just pay the debt off. thanks
mynoon1999 1 year ago
jbyeats 1 year ago