Hot Annual National Debt Interest = €10BN, so in 4 Years we'll pay the same as entire '07 National Debt!

Dublin 4

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Countdown to #BACKWITHABANG!




The effeminate, dweebish, Mangirls that support the Goldman Sachs / European Union Jihad University are destroying our Country.

Historical Debt | National Treasury Management Agency (NTMA)

It took 85 years, a Civil War & the Treacherous sell out of our Resources to Brussels in order to accrue the Debt above.

National Debt Shambles


€214 BILLION 2017

Interest per Year
10,472,279,834


Interest per Second
332

Debt per Citizen
46,299

Population
4,625,087



Ireland National Debt Clock :: National Debt Clocks




Here's a list of Hospital Closures just in Dublin.

Doctor Stephen's Hospital Kings Bridge
The Meath Hospital, Hathesbury Street - Merged to Tallaght- the Size of Limerick’s Population
The Adelaide Hospital, Peter Street - Merged to Tallaght, the Size of Limerick’s Population
National Childrens Hospital, Harcourt Street,
St. Ultain's Children's Hospital, Charlemont Street,
Sir Patrick Dunns Hospital, Mount Street,
Baggot Street Hospital.
Jervis Street Hospital
Grange Gorman Mental Hospital,
The Richmond Hospital, Brunswick Street
St Ita’s Psychiatric Hospital – no more Admissions & winding up

Of course none of this is of any consqeunce to the evil, thoughtless Drones in "Deep Free State".

Closing 250 Garda Stations, losing 4,000 Nurses, who cares as long as Merkel is happy.





We all know their priorities...











Further Reading.


An EU of Heroin, Hospital Closures, Hellhole Potholes, High Debt & Homelessness. #BadDeal4Ireland

Why has Ireland lost so many doctors and nurses | Irish Times | Mon, Sep 7, 2015

Shocking Vid from EU Parliament! "Irish Politicians secretly place European Banks on a Knife-edge"

"‘They SHAFTED us!’ Ireland will punish Brussels with shock EU exit, says Dublin think tank"


Some “Recovery” Kenny - National Debt up €113 Bn, 19% on Dole, Record Homelessness+++

Some "Recovery" - "Irish mortgage market continued to shrink in 2015": Central Bank

Some "Recovery";- 284,701 Mortgages are Impaired, as notice given to 200 Families In Tyrrelstown

Some "Recovery";- "Irish Water deal could turn us into Greece"- John Bruton on Newstalk 106


The European Union of Bankers, Bombers & Bankers that want to Bomb You!

Goldman Sachs replace Peter Sutherland with Ex Goldman Sachs / EU Enforcer Jose Manuel Barroso

406,000 dole claimants in 2016, broad Irish jobless rate at 18%

17% of Irish-born live overseas; 20% of Irish population foreign-born

The Goldman Sachs Bankers who wrecked & rule the Eurozone

Bove on Goldman Sachs' top 5 scandals | Talking Numbers - Yahoo ...

FBI gathers clues in massive Goldman Sachs money scandal | New ...

Goldman Sachs banker embroiled in massive overseas money scandal

Goldman Sachs: Corporate Rap Sheet | Corporate Research Project
Large Number of Bank Accounts Seized Re 1MDB-Goldman Sachs ...

Counterfeiting Stock - Explaining illegal naked shorting and stock ...

New York Financial Regulator Fines Goldman Sachs $50 Million - WSJ

NY regulator wants info from Goldman, banks on Panama firm - Reuters

Goldman Sachs Finally Admits it Defrauded Investors In 2008 Crisis ...

 

Tadhg Gaelach

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Well, the FG gombeens are certainly doing well - even gave themselves a 10% pay increase - but there's been no economic recovery for anyone else. Ireland and Luxembourg still have the highest private debt to GDP ratios in the world, at over 400 %. The USA has less than half that. And when you consider that the Irish GDP figures are vastly distorted by multinational money laundering, the true ratio for Ireland is at least twice that of Luxembourg. Ireland has a public debt that it cannot pay - and a private debt that the media and politicians are too frightened to even talk about. But let's put figures on it.
Public Debt - 240 billion euro.
Private Debt - 913 billion euro.
Total Debt - 1153 billion euro.
That's the reality of the FG "recovery." Ireland is, in fact, in the last stages of terminal illness. At the moment, the life support is low interest rates. We are not paying back any of the principal sum, and we don't have to pay high interest either. But, the USA is well on its way to normalizing interest rates, with two rate hikes over the last six months, and at least two more planned for this year. The Eurozone will have no choice but to follow suit. Even a 1% interest rate increase will force an Irish default.
 
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Cassandra Syndrome

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It was always going to end like this, you can only manipulate the markets, the exchanges and the system for so long.

 

Tadhg Gaelach

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And we haven't even mentioned the Shadowbanking system which is ten times the size of the official Irish economy. What happens when that goes bust? Will the Irish taxpayer be slapped with the bill for TWO TRILLION DOLLARS!!!! The Irish Central Bank has already admitted that it has no control over the Shadowbanking system and has very little idea about what it's doing.

What Happens When Ireland's Shadow Banking System Implodes?
 

Cassandra Syndrome

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Inflation has already kicked in, just look at your grocery shopping and compare the sizes, 2 ltr bottle of coke? Now its 1,75ltr.

you can only stretch inflation so far before people notice, we already have the public complaining about the cost of living compared to wages.

Another big bomb is interest rates, they continue at historic lows because they know once they start to return intrest rates to higher percentages as they need to do we will see personal debt and mortgagee arrears explode.




2007 will seem like a vacation for what is really coming down the tracks.

 

Cassandra Syndrome

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Tadhg Gaelach

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I posted this thread earlier today - a Reuters journo saying there's a 90% chance of a recession in the USA this year. Debt increasing at twice the rate of wages. 80% of the American public with no savings at all. All of that is very bad news for the multinationals in who's basket the free state régime has put all its eggs.

What Trump should be thinking about - Consumer debt skyrocketing while wages flat
 

Tadhg Gaelach

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Irish banking sleaze continues apace. Now Bloomberg is starting to focus on the dodgy dealings of Irish Shadow Banking system. Turns out that one of our Shadow Bankers raised over 200 million dollars for a Russian bank just days before it went bankrupt - in the full knowledge that the money would never be repaid and that it was defrauding its investors.

Irish special purpose vehicles like the one that issued the notes are unregulated companies used to borrow money on behalf of corporations around the world. Critics say the entities obscure risk and sometimes fails to adequately vet the beneficiaries.

“Why is a Russian bank in the middle of nowhere raising dollars through an Irish SPV using brokerages in Hong Kong?” said Shaen Corbet, a finance professor at Dublin City University. “Ireland says it’s locked down on this kind of stuff, but it hasn’t really.”

Ireland is one of the world’s hubs for SPVs, entities typically with no employees that offer tax and regulatory benefits to the corporations using them. The Central Bank of Ireland began amassing data on SPVs in late 2015 as part of a global push to better understand the risks posed by non-bank financial firms, or shadow banks, Bloomberg reported last year. The regulator found hundreds of entities with 324 billion euros of assets, including about 54 billion euros in Russia, according to an October report.

Russian Bank Raised Millions in Ireland Just Before Collapse
 

Tadhg Gaelach

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Free State régime in trouble as ECB cuts back on bond buying spree. Believe it or not, the ECB was buying over a billion euro worth of Irish government bonds every month last year - in plain language, the European Central Bank was lending the Free State régime over a billion euro every month last year. But, now it has cut back lending to the Free State by 45%. The ECB is now lending the Free State about 600 million euro each month. And ECB officials have been taking about cutting back the money printing program even further this year. Trouble is, unlike the USA which can just lend itself the money - and never pay it back - the Irish will have to pay the ECB back, plus interest.

Meanwhile, the Free State desperately needs to borrow more money to keep itself going - and there's nobody to replace the ECB. Private investors wouldn't touch Irish debt with a barge poll.


Let's keep the Recovery going....

ECB purchases of Irish bonds fall 45% as limits bite
 
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