Aug 032012
 

 Posted by greydogg, 99GetSmart

* ‘IT’S NOT OUR DEBT’ MOVEMENT

By Ben Gilroy, IT’S NOT OUR DEBT

People, the time has come for our Country to stand up and stop being raped and robbed by these greedy bankers, politicians, bondholders etc.

While parents with young families struggle to put food on the table, People commit suicide through stress put on them by banks. While schools, hospitals and vital services all being curtailed. Our Government, in its infinite wisdom has decided to bail out bondholders. I have a real problem with that because in 2008, an advisory committee came to Dublin to advise Our Government on how to get out of this financial mess. The advise was and still is to Bail out unsecured bondholders.

Now the two biggest bondholders were Rothschild and Goldman Sachs but the sick part is, that they were on the same advisory committee. To me, this seems illegal (vested interest) lets fight for our money back and stop the madness. We are the laughing stock of the world.

So look, we are just ordinary Irish people trying to stop Our Government from enslaving us and from paying anymore of our children’s money over until this is fully investigated!!

READ / VIDEOS @ http://www.itsnotourdebt.com/

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* WHO ARE THE ANGLO IRISH BONDHOLDERS VINCENT?

By Vincent Browne, TV3 TONIGHT WITH VINCENT BROWNE

VIDEO @ http://www.youtube.com/watch?v=TWvYwthMe6E&feature=player_embedded#!

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* WHAT HAS BEEN ACHIEVED WITH AUSTERITY IN EUROPE SO FAR?

By Christos Mouzeviris

Last June the Greeks were called to vote on a new government. These last elections were actually given a referendum outlook by many in Europe; it was decision time for Greece and the Greeks had to decide if they wanted to continue being in the euro-zone and vote for a pro-austerity party, or risk to be kicked out of this special “club” if they voted for the radical leftist party, Syriza.

Under such pressure and with the use of lots of propaganda and scaremongering during the electoral debates, the Greeks decided to swallow the bitter pill of austerity in order to remain in the euro-zone.  Now the latest reports coming from many European officials and “analysts” say that Greece will leave the euro-zone anyway and in fact there are more austerity cuts announced for this winter! Are they joking us?

The Greek people can just hold their heads above water and they can not take any further reductions of their salaries. In fact austerity was so unsuccessful in Greece, simply because it did not push for any constructive reforms in the country, like the much needed tax system reform. The taxation system of Greece is rather outdated and purely unfair! The only thing that austerity has managed to achieve in Greece is the rise of far right and far left groups in the country’s political life, the demolition of the Greek people’s living standards and the total sell out of all national assets of Greece.

So excuse me, but to me this was the only reason that some wanted to impose austerity on the Greeks in the first place; the take over of all Greek natural resources and national assets and of course as someone had to pay for the damages in the banking system and cover the black holes that were created by the greedy attitude of the European bankers, well our elites chose the weakest links. Greece, Ireland, Portugal, Spain, Cyprus!! This is a disgrace! […]

READ @ http://eblanademocraticmove.blogspot.ie/2012/07/what-has-been-achieved-with-austerity.html

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* GREECE: THE YEAR OF THE MEMORANDUM

VIDEO @ http://www.youtube.com/watch?v=7VPAbVhezPg&feature=player_embedded

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* THE TRUTH ABOUT DEBT: A CLOSE LOOK AT IRELAND AND GREECE

Of Odious Debt and Other Monstrosities: As Greece Goes, So Goes Ireland, Too

INTERVIEW WITH TONY PHILLIPS

Defeat is the battle that isn’t waged. – Alex Tsipras

By J. Iddhis Bing, Ground Report

Tony Phillips is an Irish journalist and political economist, editor of the online magazine DensidadRegional.org He contributed to the newly published What If Ireland Defaults? (Orpen Press, 2012). The book presents critical perspectives of the current Irish and European situation from around the world. I interviewed Phillips at his home in Buenos Aires.

IB: Tony, you were in Greece recently. Impressions?

TP: The day I arrived ferries all across Greece were on strike. I flew into the island of Corfu on a half-empty flight from London… It took a whole day to get to the mainland. The salaries of the ferry workers have been slashed in stagflationary Greece. They are not very happy but with more than 50% youth unemployment they don’t have many options. The Troika –

IB: The Troika?

TP: The European Commission, the European Central Bank (ECB) and the IMF. They cut the minimum wage in half. There is misery, unemployment is out of control, and the church has taken to feeding thousands daily because they haven’t got enough to eat.

I was there for orthodox Easter when the story broke about finding gold ingots in the family home of Akis Tsochadzopoulis, the former PASOK defense minister. PASOK (Center Socialist) was still in power. Tsochadzopoulis was arrested and charged with receiving an €8m bribe from Ferrostaal, the German defense company who sold four Class 214 submarines to the Greek navy 12 years ago. The Greek government still owes a billion Euros on those submarines! It’s part of their bloated national debt which just keeps growing and infecting other “peripheral” nations like my own (Ireland).

I call the contagion the Ouzo effect. It shares some similarities with the South American contagion of the 1990s, which economists call the Tequila Effect. The Tequila Effect began in Mexico and culminated in the Argentine collapse. The Ouzo effect is, obviously, still developing.

Since the election there is some hope of change: the markets are not happy, they know that you can’t squeeze blood from a stone. Greece may need one more election to realize the change it needs – and that may involve a hard default.

I wish I could say that change was inevitable in Ireland too. The Greeks protesting in the Syntagma Square are pushing for change, trying to take on the markets and defend themselves against a regional speculative attack on bonds. The Greeks rejected the old political cadre of PASOK and New Democracy and voted for the extreme left and some for the Neo-Nazi Golden Dawn groups. I interviewed anti-debt activists, who are furious at the Germans and at their own corrupt cadre. Much of the Greek debt will be classified as odious due to corruption as should much of the financial corruption in Dublin.

In Greece the protestors say “We are not the Irish!” meaning the Troika can’t treat Greece like patsies; in Brussels, the Irish politicians whisper, “Ireland is not Greece.” Similar problems, similar enemies, different strategies. […]

READ @ http://www.groundreport.com/Politics/The-Truth-About-Debt-A-Close-Look-at-Ireland-and-G/2946270

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