Irish Economy still on course for complete collapse.

Cassandra Syndrome

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Earlier in this year I predicted that the Irish economy would collapse very soon, regrettably it is still the case that we are very much on course as the real economy is now showing signs of a nose dive whilst the government continues to plunge out leprechaun economics.




Recent Data has shown some very alarming things, Hidden away and hardly touched on by the media is the recent report on our tax take. The tax figures for July show a short fall of around 79 Million Euro. Is this a blip, a temporary error? Who knows, but my indications is this very real and likely to get worse over the coming months.




In October 2015 a further report showed how half the population of Ireland was in receipt of some type of welfare payment, this in-itself is a staggering figure, only 50% of the population are generating enough taxes to maintain the other half, this adds much needed proof to the idea that Ireland is simply creating low skilled and low paid jobs that are not fit for purpose and woefully inadequate to assist young people or families with the correct amount of finance's to get through life.

This figures continues to rise despite the economy supposedly recovering.



Half Ireland's population paid public income supports in 2014

We have since learned that in the last qtr of 2015 despite all the fan fair of the government a mere 5,000 jobs were added to the Irish economy, whilst every job should be welcomed the paltry sum of 5,00 jobs are simply not enough to sustain the Irish economy, our immigration figures are multiples of this and 5,000 jobs are simply not enough tot sustain our immigration flow.

Only 5,000 jobs added in Irish economy in fourth quarter of 2015

Currently the Irish unemployment figures stands at around 406,000, this is further testament to the truth that since fine Gael came to office we as a country have simply gone nowhere when it comes to finding employment for out citizens whilst allowing huge influxes of cheap low skilled labour.

The seasonally-adjusted total on the Irish Live Register and in public activation jobs schemes was at 405,509 in the first month of 2016 according to the CSO today. The broad jobless rate was 18% compared with the narrow rate of 8.6% based on the International Labour Organisation's (ILO) definition of employment as paid work of at least one hour per week. France's broad rate is about 20% and the US rate in December was 9.9% compared with the ILO rate of 5%.
The net emigration of 147,000 by Irish nationals in 2009-2015 is equivalent to 6% of the workforce.

17% of Irish-born live overseas; 20% of Irish population foreign-born
The number on the Live Register was 323,200 in January and the end of December's total of unemployed in public activation programmes rose from 81,298 in November to 82,309.
The number of unemployed of 186,700 based on the ILO definition, fell in the 12 months to 31 January — down 30,500 in 12 months; the fall in the Live Register total was 36,870 and the number in activation schemes dipped by 6,055.
http://www.finfacts.ie/Irish_finance_news/articleDetail.php?406-000-dole-claimants-in-2016-broad-Irish-jobless-rate-at-18-512

Strangely enough the CSO figures from the CSO show no change in the jobless rate from June to July. This is a staggering claim as they try to suggest not 1 job was lost or gained in one whole month!



Ireland not only country with dodgy unemployment data


More worryingly 60% of those working in the private sector have no pension previsions for retirement, this is further proof that quality of jobs being created in Ireland are nothing more than low skilled, low paid, zero hour type schemes that are useless to drive a real economy forward. The 60% figure is a frighting figure and will surely place a heavy burden on society and the exchequer in years to come.

60% of Irish private workers have no jobs pension

Retail sales took a decline in June of this year, dropping 5.8% from the previous month.



Also in June 2016 our GDP fell, whist our GNP rose slightly.

GDP relies on dodgy Tax Avoidance companies to help prop up the figures whilst the GNP is supposed to weed out those dodgy figures and give a true reflection on the Irish Economy. In reality both sets of figures can still be very flawed as seen in the recent claim of 26pc growth which was laughed at worldwide and dubbed Leprechaun economics'

Worryingly for the government is that GDP has actually fallen, does this herald a sign that even the dodgy companies are now starting to feel the pinch?



Another headache for Ireland is the lack luster approach to wake up to reality with the recent result of Brexit over in the UK.


Ireland would seem to want to battle the UK instead of cpaitalising and joining in with releasing us from the bounds of the EU and the Euro and entering a new age that will be tough to begin with but ultimately set us free to trade with any country in the world and keep close ties to our real biggest trading partner -- the UK.

Over the coming months the brexit result in the UK will be used to attack the country for deciding to leave the EU as the nations economy continues to shudder and slow causing many to blame Brexit.

The truth is long before the UK held its Brexit referendum the UK was already showing slower economic growth due to the slowing world economy, UK economic growth slows to 0.4% in first quarter

In fact the world economy continues to be built upon a lie, a lie that has been spun since 2007 when the banks first showed collapse and the the idea of printing your way out of your economic mess became reality.

Global economy data remains poor amidst some optimism
The fable of the frog and Ireland's response to Brexit
Sun sets on decades of high growth in US, Europe & Asia
Brexit wounds: Ireland's strong growth 'set to slow by end of next year'

Despite all the government claims of the economy being back and how great we are again, nothing can hide the start truth that our debt continues to grow as does other countries.




http://www.economist.com/content/global_debt_clock


The truth is folks we continue to be screwed, for some the reality is already known. For others its a continuation of burying their heads and hoping all will be ok when they come up for air.

As someone once said, its not a matter of if, but when we see the coming collapse.

Its OK though, we have Leprechaun Economics to continue to save us.





Read More :

Report finds 750,000 people living below poverty line in the Republic of Ireland.

The coming world economic crash.

Ireland heading towards a bigger crash than in 2008

Brendan Keenan's "Bleak Omens" for Europe!
 

Dublin 4

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What a brilliant Thread.

Real Heartlifter.

Thanks Cass! :)
 

Flamer

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Great Thread Cas, its wonderful to see people like D4 and yourself take the time to actually go through the real figures and tell us the truth.

Most like RTE and other media outlets just blow the government`s trumpet and play along with fantasy economics, people like you are far superior and its reasons like this I take my real news from sites like this.

I cant believe Politics.ie banned the pair of you, by far you two with Carlos Danger are the best Economic commentators I have seen on any forum, its a wonder how Carlos is still managing to survive over on P.ie.

Thanks again and keep up the great work.
 

radioledger

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Of course you also forgot to add the current issues surrounding mass immigration of the third world into Europe. This I believe will be the tipping point, already the cost is expected to hit around 30 Billion in Germany alone!
 
D

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Well with interest rates of about zero and plenty of QE, then as we have seen, reality can be suspended for basically decades.
It looks like the real estate market here which has been on fire, has stalled. The employment report is being cheered as strong at about 250000. Stong used to be about 400000.
We are at least twice as badly off as we were in 2007/8. Ireland appears 3 times as bad.
How long this can last is any body's guess as most sane commentators are amazed it has held together this far
 

Neutron

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Well with interest rates of about zero and plenty of QE, then as we have seen, reality can be suspended for basically decades.
It looks like the real estate market here which has been on fire, has stalled. The employment report is being cheered as strong at about 250000. Stong used to be about 400000.
We are at least twice as badly off as we were in 2007/8. Ireland appears 3 times as bad.
How long this can last is any body's guess as most sane commentators are amazed it has held together this far
THats the true crux of the mater, how the hell have they managed to keep it all at bay so far.

I have always expected us to be plunged into a third world war, one that may not be total nuclear destruction but a war between the west and Asia.
 

Tadhg Gaelach

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The 26 county régime has put all its eggs in the US multinational tax haven basket. And yet these is no reason to believe that the US state will continue to allow its companies to continue to defraud it to such a massive extent (a Trump victory could see all that change very rapidly), and there is no reason to believe that the EU will continue to turn a blind eye to what's going on.
 
D

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I cant believe Politics.ie banned the pair of you,
.

When I was on P.ie back in 2007 there were a lot of posters of a high standard, as good as those on Property Pin. However they tired, or moved on, or were banned or whatever. On checking property pin now after a very long hiatus, it seems very much quieter than before. Maybe times change and boards are in decline generally
 

YoungStudent

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When I was on P.ie back in 2007 there were a lot of posters of a high standard, as good as those on Property Pin. However they tired, or moved on, or were banned or whatever. On checking property pin now after a very long hiatus, it seems very much quieter than before. Maybe times change and boards are in decline generally
Or people found jobs and moved on with their lives?
 

YoungStudent

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Earlier in this year I predicted that the Irish economy would collapse very soon, regrettably it is still the case that we are very much on course as the real economy is now showing signs of a nose dive whilst the government continues to plunge out leprechaun economics.




Recent Data has shown some very alarming things, Hidden away and hardly touched on by the media is the recent report on our tax take. The tax figures for July show a short fall of around 79 Million Euro. Is this a blip, a temporary error? Who knows, but my indications is this very real and likely to get worse over the coming months.




In October 2015 a further report showed how half the population of Ireland was in receipt of some type of welfare payment, this in-itself is a staggering figure, only 50% of the population are generating enough taxes to maintain the other half, this adds much needed proof to the idea that Ireland is simply creating low skilled and low paid jobs that are not fit for purpose and woefully inadequate to assist young people or families with the correct amount of finance's to get through life.

This figures continues to rise despite the economy supposedly recovering.



Half Ireland's population paid public income supports in 2014

We have since learned that in the last qtr of 2015 despite all the fan fair of the government a mere 5,000 jobs were added to the Irish economy, whilst every job should be welcomed the paltry sum of 5,00 jobs are simply not enough to sustain the Irish economy, our immigration figures are multiples of this and 5,000 jobs are simply not enough tot sustain our immigration flow.

Only 5,000 jobs added in Irish economy in fourth quarter of 2015

Currently the Irish unemployment figures stands at around 406,000, this is further testament to the truth that since fine Gael came to office we as a country have simply gone nowhere when it comes to finding employment for out citizens whilst allowing huge influxes of cheap low skilled labour.








http://www.finfacts.ie/Irish_finance_news/articleDetail.php?406-000-dole-claimants-in-2016-broad-Irish-jobless-rate-at-18-512

Strangely enough the CSO figures from the CSO show no change in the jobless rate from June to July. This is a staggering claim as they try to suggest not 1 job was lost or gained in one whole month!



Ireland not only country with dodgy unemployment data


More worryingly 60% of those working in the private sector have no pension previsions for retirement, this is further proof that quality of jobs being created in Ireland are nothing more than low skilled, low paid, zero hour type schemes that are useless to drive a real economy forward. The 60% figure is a frighting figure and will surely place a heavy burden on society and the exchequer in years to come.

60% of Irish private workers have no jobs pension

Retail sales took a decline in June of this year, dropping 5.8% from the previous month.



Also in June 2016 our GDP fell, whist our GNP rose slightly.

GDP relies on dodgy Tax Avoidance companies to help prop up the figures whilst the GNP is supposed to weed out those dodgy figures and give a true reflection on the Irish Economy. In reality both sets of figures can still be very flawed as seen in the recent claim of 26pc growth which was laughed at worldwide and dubbed Leprechaun economics'

Worryingly for the government is that GDP has actually fallen, does this herald a sign that even the dodgy companies are now starting to feel the pinch?



Another headache for Ireland is the lack luster approach to wake up to reality with the recent result of Brexit over in the UK.


Ireland would seem to want to battle the UK instead of cpaitalising and joining in with releasing us from the bounds of the EU and the Euro and entering a new age that will be tough to begin with but ultimately set us free to trade with any country in the world and keep close ties to our real biggest trading partner -- the UK.

Over the coming months the brexit result in the UK will be used to attack the country for deciding to leave the EU as the nations economy continues to shudder and slow causing many to blame Brexit.

The truth is long before the UK held its Brexit referendum the UK was already showing slower economic growth due to the slowing world economy, UK economic growth slows to 0.4% in first quarter

In fact the world economy continues to be built upon a lie, a lie that has been spun since 2007 when the banks first showed collapse and the the idea of printing your way out of your economic mess became reality.

Global economy data remains poor amidst some optimism
The fable of the frog and Ireland's response to Brexit
Sun sets on decades of high growth in US, Europe & Asia
Brexit wounds: Ireland's strong growth 'set to slow by end of next year'

Despite all the government claims of the economy being back and how great we are again, nothing can hide the start truth that our debt continues to grow as does other countries.




http://www.economist.com/content/global_debt_clock


The truth is folks we continue to be screwed, for some the reality is already known. For others its a continuation of burying their heads and hoping all will be ok when they come up for air.

As someone once said, its not a matter of if, but when we see the coming collapse.

Its OK though, we have Leprechaun Economics to continue to save us.





Read More :

Report finds 750,000 people living below poverty line in the Republic of Ireland.

The coming world economic crash.

Ireland heading towards a bigger crash than in 2008

Brendan Keenan's "Bleak Omens" for Europe!

Same rubbish different day.

Wake me up when your collapse happens.
 
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