Machholz's Blog

What is truth?


max keiser report 254

In this episode, Max Keiser and co-host, Stacy Herbert, discuss market participating rally monkeys, market regulating surrender monkeys, economic policy making suicide monkeys and Greek ministry website hacking cheeky monkeys. In the second half of the show……..


With house prices falling at this rate, you could have rented this instead..

By Namawinelake

This morning has seen the publication of the CSO residential property price indices for Ireland for January 2012. Here’s the summary showing the indices at their peak (various months in 2007 depending on type of property and location), the NAMA valuation date (November 2009), annual (December 2011), last month (December 2011) and January 2012

Now that the Permanent TSB/ESRI has abandoned its quarterly house price index, the CSO’s isIreland’s premier index for mortgage-based transactions. It analyses mortgage transactions at eight financial institutions : Allied Irish Banks, Bank of Ireland, ICS Building Society (part of the Bank ofIrelandgroup), the Educational Building Society, Permanent TSB, Belgian-owned KBC, Danish-owned National Irish Bank and Irish Nationwide Building Society.

full article at source: http://namawinelake.wordpress.com/


Nessa Childers

Dear Mrs Childers,

Just heard you on east coast radio

As a person who voted for you,

I wish to congratulate you on your stand to keep your independence and also confirm my support you on you stand against the promotion of MR. Cardiff

(see also link )http://www.irishtimes.com/newspaper/ireland/2011/1104/1224307039645.html?via=rel

and you departure from the labour grouping as the intolerable pressure that was put on you to support this corrupt promotion.  You are representing the people who voted you into this position of thrust .The people of Ireland have placed their faith in you and your promise that you would stand up for their interests. You are a credit to the Name of Childers and may God bless you .The ordinary people thrust in you and support you please keep fighting for the good cause, the cause of the ordinary people of Ireland.

Thomas Clarke


Ireland and its begging bowl

“German consumer confidence has increased again, its sixth rise on the bounce. The country’s GfK index has increased to 6.0, its highest level since March 2011, as households said they felt significantly more positive about the prospect for their incomes”.

What is been concealed to the German public is the fact this bailout for Ireland is in fact a bailout of the corrupt German Banks who lent vast sums of money to equally corrupt “Private Irish Banks”. The failure of the Deutsche Bank to carry out “due diligence” before powering billions into the various corrupt Irish banks is in itself a gross dereliction of duty to the German public who have trusted them to look after their pension funds .The greatest con job that has been carried out is the placement of these private commercial German Bank debts on to the shoulders of the Irish taxpayers .Effectively placing private gambling commercial debts and socializing them by forcing the taxpayers of Ireland to take responsibility for them. These deutsche Bank debts are not the responsibility of the Irish taxpayers.

As a result of this successful fraud on the Irish public the bondholders have incurred vast profits using CFD,s  and other unregulated derivative tools . .No wonder Germany is booming when you can force other people to pay off your gambling debts and strip the assets of that country at the same time you are in a win win situation! Our gutless and traitorous politicians that are now in government have sold out their own people to a generation of debt enslavement and I am counting the days when we the Irish stand up and take back our country from these mouthpieces of the new absentee landlords. We are now serfs in our own country, the last time this happened Oliver Cromwell was in town with his men ,now it’s the Troika!

See also link  http://www.internationalviewpoint.org/spip.php?article2267

Wake up Ireland!


It’s pay day for Ireland as the IMF $4.33bn loan to the Celtic-tiger-turned-pauper is due to-day

It’s pay day for Ireland, as the International Monetary Fund has approved a $4.33bn loan to the Celtic-tiger-turned-pauper – the latest instalment in a three-year $30.23bn programme to support the country through a period of tough financial reforms.

Ireland seems to have behaved itself well enough to receive its pocket money, according to IMF first deputy managing director David Lipton. He says:

The Irish authorities have continued strong implementation of their programme despite deteriorating external conditions.

At the same time, the challenges Ireland faces have intensified since the outset of the programme, with growth expected to ease to about 0.5% in 2012 owing to a slowing in trading partner activity.

The Irish authorities have responded by raising the fiscal consolidation effort adopted in Budget 2012, and the budget remains on track to meet an unchanged general government deficit target of 8.6% of GDP. If growth should weaken further, the automatic stabilisers should be allowed to operate to help avoid jeopardizing the fragile recovery.

full article at source: http://www.guardian.co.uk/business/2012/feb/28/eurozone-crisis-greek-downgrade?newsfeed=true.


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Our Depraved Future of Debt Slavery (Part II)

By: Ashvin_Pandurangi

There have been many forms of “debt slavery” throughout history, and almost everyone is chained to the oppressive financial, corporatist system now in one way or another. Although, this fact has not even remotely sunk in for millions of people who, unfortunately, have absolutely no clue how bad it can get. The real issue here, however, is not necessarily what people will have to do to survive the upcoming storms. Rather, it is what they will be forced to do to remain a functioning part of the system under threat of excessive monetary punishment, physical confinement or violence to them and/or those close to them. So, one must be financially/coercively attached to the system to be a “debt slave”.

If you are allowed to voluntarily downsize your living standards and retain some freedom of movement/action, then you are not really a slave. And that’s not meant to demean the existential struggle of the chronically unemployed and/or homeless people living on the streets or in the subway, whose numbers are bound to increase and many of whom will die of sickness, cold and hunger, but it’s hard to say that they are “attached” to our economic system of complicity and coerced participation. The most obvious way this slavish attachment forms is through personal debts/obligations.

That’s why it’s very important to pay off your mortgage(s), car loans, student loans, outstanding balances on past bills, etc., throw away your credit cards and generally avoid taking on debt at all costs. However, that is not a panacea for avoiding debt slavery by any means. One reason is that, as mentioned in Part I, creditors and third party debt collectors may literally conjure up debts for people who never agreed to take on those debts, by failing to account for payments, illegally jacking up interest rates, retro-actively inserting penalty clauses and other similar tactics. Or, they may simply doctor up brand new “contracts” that never existed

full article at source: http://www.marketoracle.co.uk/Article33333.html

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