Northern Ireland and the Northern Irish are as close to 17th & 18th century American settlers as you can get.
Moving populations on is a deep part of their culture and their founding purpose.
@Akhmedyakoob1 Trouble in Paradise
@akhmedyakoob1 Shouldn't you be concentrating on your upcoming criminal trail ?
Fumble that ball, and you could be looking at 15 years
Current scenes in #Derry, where masked men have gathered on Church Brae and Tullyally Road. Police have closed a number of roads and deployed the Tactical Support Group to the area. Large amounts of smoke are visible across the scene.
There’s a seismic shift happening in the gilt market that seems to be mostly going unnoticed. Everyone argues about how much Britain borrows, but the question of who lends rarely gets asked.
For most of the post-war period the gilt market had a captive domestic buyer. In recent decades that was overwhelmingly British defined benefit pension funds. They typically bought 30-year gilts and held them to maturity, because the rules said they had to. Which means the gilt market had a captive lender, quietly underwriting the entire post-war state.
The seismic shift we’re seeing… the captive lender is leaving.
DB pension schemes are closed and maturing. They are running off their gilts to pay pensioners, not buying more. They still own around 45% of the index-linked market, and that holding winds down over the next decade. On top of that, the BoE is selling too. Quantitative tightening, year after year, to unwind its balance sheet.
The replacement to British pension funds has arrived quietly. And most people have no idea about this shift.
Hedge funds now account for 63% of electronic gilt trading, which is up by a third since 2021. Pension funds and insurers have fallen from 45% to 26%. Overseas investors hold around 35% of the market, up from under 25% a decade ago. This isn’t central banks, it’s global bond funds. These are mobile, yield-hungry, gone-in-an-afternoon type entities. Not the long term holders we had in the pension funds.
The fast money doesn't own the majority of the stock yet. But it’s now dominating the trading, and the trading sets the price. This is a relatively new dynamic that will only continue to grow as pension funds see their holdings mature.
This is why long yields hit 1998 highs while inflation fell. The borrowing hasn’t changed. But the lender has.
And this is why it’s stiff drink time. The state needs to sell £246 billion of gilts this year, and every year for years, into exactly this market.
Every deficit argument in British politics assumed the lenders would be there, just like the dependency ratio assumed the workers would be there.
The whole system runs on lenders who no longer have to show up. And they expect a higher premium. Potentially a much higher premium.
You must understand the role that feeling special plays in most women's sexuality. She must be special to you, and you must be special to her. EXCEPT. When you are not fucking special, bro, you follow the rules like everyone else. And most importantly, when SHE is not special, and needs to be treated as totally worthless. But only by you.
You will never discover some objective, female-of-the-species logic behind these fluctuations, because there is none. The woman you love's mood will change, unpredictably, according to some combination of life circumstance, whimsy, hormones, the dream she had last night, and sometimes, whatever is going on with her friends. You can not "understand" a woman in a way that you can grasp with your mind. But over time, if you relax, and stop trying to solve her like a puzzle, her unique patterns will begin to surface. Your surprise victories and half-glimpsed revelations will start to whisper wordless truths that vibrate softly against the back walls of your heart. You'll start instinctively following the little sighs of relief she makes when she feels understood, like bread crumbs in a dark forest. And you'll begin to develop a working attunement to her inner world, which is often as mysterious to her as it is to you. And soon, you'll start to resonate with it, subtly, wordlesslly, intuitively. When this happens, it will humble and floor her, and she will love you her whole life long.
Listen, because this is the most important part: You must not resent women for being like this. You must not love them despite this, while wishing they were another way. You must love women for being like this precisely because they are like this.
It's your only chance at being loved in the same way.
The trial of the Algerian-born man accused of stabbing three children outside a Dublin crèche has begun.
The mother of a five year old victim has described her injuries:
“We are deeply shocked and concerned by the scenes that we’ve seen today on our streets across the six counties, on the island of Ireland. We abhor - and strongly condemn - all forms of political violence. Political violence never gets you anywhere”
@SirJBritain Because these actual government offices ( northern Ireland ) are based in bomb proof/resistant buildings - a legacy from the "troubles"
It would be pointless - like trying to burn down Fort Knox.