IRELAND’S CALL 🇮🇪
What happened in Belfast is the final nail in the coffin.
Get those bastards in the Irish government out of power now!
If you really are a friend of Ireland now is the time to show your support! Support your fellow Irish people 👊🏼
#belfast#northernireland
This is articulated exactly how I explained it to friends and colleagues what happened in 2008-2010. The mainstream media buried Iceland because their revolt would have led to massive revolts across Europe. They’re the only country in my opinion who HANDLED the recession!
Two small island economies blew up in 2008. Iceland and Ireland. Their names differ by one letter, and their handling of the crisis differed by everything that matters.
Iceland's three big banks, Kaupthing, Landsbanki, and Glitnir, had grown assets to roughly ten times the country's GDP by 2008. Pure credit-fueled madness. When the music stopped, the Icelandic government did the unthinkable: it let them fail. Bondholders ate the losses. The state refused to socialize private bank debt onto 320,000 citizens who never signed up for it. Capital controls went up, the króna collapsed, and the politicians actually prosecuted bankers. Twenty-six of them went to prison. Sigurður Einarsson and Hreiðar Már Sigurðsson, the men who ran Kaupthing, served real sentences.
Ireland took the opposite road. In September 2008, the Irish government issued a blanket guarantee covering the liabilities of its major banks, including Anglo Irish Bank, a property-lending casino that should have been allowed to die in peace. The taxpayer absorbed the bill. By the time the rescue ended, Ireland had poured around 64 billion euros into its banks, roughly 40 percent of GDP. The state took on private gambling debts, then went to the Troika in 2010 hat in hand for an 85 billion euro bailout, and accepted years of austerity to pay for losses it had no business owning.
Both economies recovered. Both eventually grew again. The difference is who paid and who learned. Iceland made creditors and reckless bankers bear the consequences of their own decisions, which is the entire point of capitalism: profit and loss, not profit and bailout. Ireland protected the people who made the bad bets and handed the invoice to schoolteachers and shopkeepers.
You will hear economists call Ireland's GDP rebound a triumph (much of that "growth" is multinational accounting fiction, Leprechaun economics, but that's another lesson). What they skip is the moral architecture. When you guarantee bank liabilities, you abolish the discipline that makes markets work. You tell every banker in the country that downside is optional.
Iceland jailed its bankers. Ireland reimbursed theirs.
@griptmedia@Ben_Scallan LIAR!!!!!
A FAMILY MEMBER OF MINE IS QUITTING THIER JOB AS A CLERICAL OFFICER FOR THE DEPARTMENT OF JUSTICE BECAUSE OF HOW CORRUPT IT IS!!
There is a list and the Irish are at the bottom. When they leaves we will release the list!
@TheNotoriousMMA are you a Protestant now? You make deals with the devil Zionists and completely ignore a genocide in Palestine then in the same breath you talk about our own Irish oppression. You’re a clown like Bono @U2 who wishes he was as loved as Steve Collins & Katie Taylor
@irish_news You’re an ignorant cunt Tom Kelly. If an Irishman was on top of one of your precious asylum seekers, migrants, refugees whatever the fuck trying to naw their head off there’d be outrage on the mainstream news. Instead you focus on the response rather than the incident. CRAZY!
@mtgreenee This is cost of the humiliation ritual Trump must endure for threaten to fuck over Miriam Adelson. It’s sick to believe that the same man who said no more wars is the same man every week threatening IRAN even though they’ve clearly the upper hand. Tim Dillon was right.
@OwenBenjamin The “Leprechauns” you know are an American Calculion. Real one’s that us Irish know were Cobblers & Cordwainer’s for the fairies. Yes they’d trick humans sometimes when they’d appear but saying that any creature in mythology is Jewish because they’re tricky is wild!
💡 I’ve an idea 💡
Algeria, Ghana, Nigeria, Somalia and Sudan all belong to Ireland & the U.K now.
We’re gonna move all of our prisoners from our jails into these countries and see how they like it.
#immigrationpact#EU#Ireland#uk
@Faaraxoow@Ryanmatta@MOJ_PSIA@NPA_KOHO Yes there’s 53 of us Irish based in Osaka. Sorry I had to leave my country cause it was too expensive, I’ll be back soon don’t you worry.