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Hot David McWilliams claims the ECB is a bigger Threat to Ireland's Economy than Brexit!

Has the Goldman Sachs / EU forced Bank Bailout made Ireland's Economy Better or Worse?

  • Better

    Votes: 2 12.5%
  • Worse

    Votes: 14 87.5%

  • Total voters
    16
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Dublin 4

Dublin 4

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bells of shandon

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Debt is a weapon of extortion.When you borrow money that you cannot repay, you are left open to selling off the Family Silver or made to comply with the Lenders political agenda.
When Ireland surrendered its Independnt currency, it left itself open to exploitation by the Predator Financial forces.
Add to that surrender of Border control and subjugation to the European Criminal Justice Laws.
Ireland is a vassal State and no longer Free.
 
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bells of shandon

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David McWilliams does not know shit from shinola about Economics. He is now advocating the unrestricted printing of money, This has already been done by the US Fed and the ECB ,with zero effect on the Economy.
The problem is the money printed was mis-directed and went into the Financial sector,
The Financial sector does not create wealth or jobs ,it creates money. Money not backed by production of real goods is toilet paper.
The Financial sector is a predator on the Real Economy, by charging interest on the money it creates and lends. It takes from GDP. and destroys Companies and households by its Rentier practices.
Modern Monetary Theory advises that to revive a stagnant economy, money is directed into production until their is full employment .
 
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Dublin 4

Dublin 4

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David McWilliams does not know shit from shinola about Economics. He is now advocating the unrestricted printing of money, This has already been done by the US Fed and the ECB ,with zero effect on the Economy.
The problem is the money printed was mis-directed and went into the Financial sector,
The Financial sector does not create wealth or jobs ,it creates money. Money not backed by production of real goods is toilet paper.
The Financial sector is a predator on the Real Economy, by charging interest on the money it creates and lends. It takes from GDP. and destroys Companies and households by its Rentier practices.
Modern Monetary Theory advises that to revive a stagnant economy, money is directed into production until their is full employment .
The ECB Balance Sheet was a lot healthier when I started this OP, yet today Dave McW is all happy with his ECB Lol upside
 
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