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"How we blew the boom" George Lee - Part 1

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Uploaded by on May 8, 2009

"George Lee presents a documentary about how the 'Celtic Tiger' economic phenomenon came to such an abrupt end, and asks whether Ireland can successfully reshape its fragile economy."

For the time being, RTE are still making this program available at http://www.rte.ie/news/2009/0318/howweblewtheboom_av.html

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News & Politics

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  • We never had any real wealth we blew nothing

  • Anyone who tells you that I can turn your Dollar bill into 20's is either high on narcotics or he's setting you up for a major fall. You see people.all forms of money is based on debt. Every dollar one earns is a bill owed to someone else multiplied by 10 15 up to 20.No such thing as a great deal. You either q bunch of suckers or victims outside looking in.Those (Elites)who game the system is running the Pyramid Ponzy scheme.Believe me when i say this.We either unite or hangs Separately.

  • Jesus weren't we just run by gobshites over the boom years looking back at it.

  • @rightwingnutcake I THINK YOU ARE A BIT FO A BIG DICK YOUR SELF GET A LIFE AND AT LEST TYPE AN EDUCATED ARGUMENT IN STEAD OF A CONTINUOUS LINE OF F AND BLINDS YOU SOUND AND LOOK STUPID AND UN EDUCATED TO ME FOOL

  • Irelands fucked

  • I would like to hear a good analysis of what happened, not a emotional and fear ridden republican bias like this video is. I suppose it wouldn't make much of a television audience to just say something like "the celtic tiger wasn't anything other than tons of outward-in money. All loans, nothing more. Nothing." well it sorta was and now it's supposed to be paid back. I would say forget this video, that money isn't going to be paid back in any way that allows a comfortable living for anyone here.

  • @rightwingnutcake

    Not "our" debts, nutcake, we're paying back the private banking debts on behalf of the bank bondholders. We've been conned into socialising privately incurred debt.

    Enjoy your out-dated xenophobic stereotypes and be assures Reagan's dead dick will be waving in your face soon enough!

  • Ah ha ha ha! You greedy fucking mick bastards! Good luck paying back your debts in the next century! HA HA HA! That's what you get for sucking Reagan's dead DICK, you dumb fucking micks!

  • George Lee - How I blew my own job and career in RTE.

  • George, George in the 50's and 60's we did not have this unprecedeted debt. Personal Morgage debt is 128 billion alone. On top of this credit car, personal loans and the banks are fucked. The challenge of moving out of recession in the 80's is completely different to the challenge that faces us now. We have a massive weight of debt around our necks. Young people, get the fuck outa this country while ye have a chance.

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