In the dialectic that followed a recent article in The Guardian newspaper, it ran roughly along the following lines, with one contributor commenting;
"The gombeen financial Eurocrats of the ECB and IMF thought they had pulled off a major coup when they tied the Irish to this particular pernicious bail out agreement. What they didn't factor in was the readiness of those 1.8 million taxpayers to up sticks and take their skills to other more fertile pastures. 1.8 million will soon become 1.7 million and then 1.6 million and so on. The terms of the bailout were unrealistic to many observers before the bleedin' ink was dry. Just wait until the real wealth creators leave the equation and there is nobody left to pay the taxes to pay the gnomes of Zurich. The ECB may be guilty of financial ethnic cleansing."
The Irish are left with essentially two choices, ethnic cleansing by mass emigration or revolution !
The article created further discussion along the lines, that the eternal brown-nosing by the Anglo-Irish establishment, earned them description. nux, asinus, Hibernes verbere opus habent, as part of their own survival, administering imperialist rape of their own people. Ireland is now ready with a new government, to resume its place in history as a depressed economy continuing in that legacy from fascist blue shirt father to son.The Irish political establishment in the form of Fianna Fail, Fine Gael and their always reliable lapdog, careerist Labour, bought for a couple of Euros, are serving their Euro-masters well, like they served their predecessors, in their compliant scum state, mentored by Britain.
As Europe is returning to 1929 and "Economic Consequences of the Peace" pre world war two, with the whiff of revolution, corporate fascism is rearing its ugly head again in Ireland again with Fine Gael and their side kicks the pre-cursors.The agreement of the IMF, with the old Government who caused the problem in the first instance, with unilateral guarantees to the bankster bondholders and the election of a new Government, closing the stable-door afterwards, rather than the election which should have been held, before the conniving political and economic treasonous deal was done, perpetrated by a Cowen government, enslaving the Irish people, making sure the banksters palmed their losses off on the Irish State and ordinary people.
The current EU/IMF LOAN, with high interest rates means that Ireland with debts in the region of 200 billlion euro probably 400 billion ultimately, repaying it at current interest rates, means that the IMF/EU would make billions of profit from Ireland's misfortune, charging higher rates of interest than the IMF/EU get it originally for. It is well understood by anyone with more than one braincell in Ireland, that this is all going to fall apart. That is why the looting is still ongoing on a huge scale. Presently a bunch of useless sheep are simply numbed observers. For the moment the public service administrators are still getting their high salaries. The cuts are not actually applicable to those at the top of Irish society but the staff on lower pay will take the hit, along with proposed 90,000 state job losses and ever-more brutal austerity for at least a couple of decades, while public money is fed into insolvent banks.
The physical result is a mountain of houses that no one wants and house price that are unsustainable
The developers of greed have NAMA set up to prop them up and they are already preparing to buy back their original investments at rock bottom discounts. The bankster bondholders have been bailed out. The rot in the Irish soul as a result of surviving centuries of Imperialism in cunning slavery mode, has resulted in many Irish being fully aware and passively supportive of the rottenness, which permeates the ruling classes in Ireland.
They even admire the dishonesty, the graft, the money laundering, the drug money with all the manifestations of greed which, in the has brought about Ireland's downfall once again.Its to late now to see the consequences of their stupidity. People get the government they deserve and all governments in Ireland are essentially puppets of the ruling classes inevitably with the tacit acquiescence of the people.God help the Irish people if they deserve the corporate fascist government of Fine Gael.They have made their bed, now they should lie on it, is the general call but what of its hungry youth, emigrate or rebel are the only choices.
This debt wasn't created through financing the country, it was created by bankers. It is private debt which a traitorous government forced on ordinary Irish people, it is odious debt. 1.8 million tax payers cannot pay hundreds of billions of debt? they simply can't, the dogs on the street know it, everyone in Ireland knows it, Europe knows it, they are trying to buy the euro time and it simply won't work. The regime being imposed on Ireland is utterly unrealistic. A depressed and deeply indebted economy with just 1.8 million people at work cannot underwrite private banking liabilities of €200bn or 135% of GDP.
The whole present day capitalist set up, stinks to high heaven and the Irish poor and the vulnerable are going to suffer, as the IMF dictates social policies directly and indirectly, that favour the continuation of their warped system, which will continue to protect the privileges of the few at the top, at the expense of the majority at the bottom. It won't be long more before Ireland awakens to see its youth in revolution. Irish politicians promising what they clearly cannot deliver for a couple of decades, with the economy out of their control, will give Ireland plenty of time, to sort out the island's utterly broken dysfunctional political system.
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