Machholz's Blog

Foolish Irish people??

machholz — Tue, 29 May 2012 19:55:07 +0000

News from Wicklow Town

machholz — Tue, 29 May 2012 19:32:50 +0000

By Michael Murphy

Wicklow Arts Festival was in full swing on Sunday. The reopening of the Bridge Tavern also coincided with the festival launch. The weather was superb and there was a great buzz about the place. I thought there would be a lot more Art on display though! I was particularly drawn to the stand of Sandra Knitwear .I bought two Jumpers and I will be looking to get two more when the budget allows .At 59 Euros for hand knitted jumpers you can’t go wrong!

Click to view slideshow.

The New Bridge Tavern is an absolute godsend to the town and I had the chance to taste their excellent venison burger for 5 euro .There was hog from the spit as well on offer but that would have been too much for me although I am looking forward to trying it out when they open their Bistro on Thursday evening. The bar is well proportioned and the outside courtyard is just stunning and will see heavy use as long as the sun keeps beating down like it has for the past week .I understand they have rooms upstairs to rent and they will be offering excellent B&B rates . More on that when I get to have a chat with the new owners and their manager .But for now ”Sláinte & see you soon in the Bar! PS .I’ll have a Baileys!

we the people are not sheep!

machholz — Tue, 29 May 2012 13:53:37 +0000

Tonight With Vincent Browne 2011. political debate regarding the budget here in Ireland and the unreal wages of €130,000 a year these people in government get plus all taxpayer expenses while the poorer get poorer from austerity measures

Comment:

This is an example of a politician who is happy to dish out austerity measures to the ordinary people while at the same time tries to convince us he is suffering on a salary of 130,000:00 Euros. The gangsters in the Dail are now telling us that a yes vote is the only way to go, well I say no way I will not vote yes and help them keep screwing us while they sell off our country piece by piece .These peacocks in the Dail need to get a reminder that we the people are not sheep and we will not do as we are told .They are supposed to be answerable to us the people of Ireland we do not have to put up with arrogant little shits like this gombeen politician.

History of an occupation

machholz — Tue, 29 May 2012 10:34:57 +0000

Government needs to give treaty a harder look

machholz — Tue, 29 May 2012 10:28:56 +0000

KIERAN ALLEN

OPINION: The Coalition’s argument for a Yes vote demands more scrutiny before Thursday

THE GOVERNMENT only has one argument in favour of the fiscal treaty: If we vote No, we will be unable to borrow money to fund public services. There will be no stability and so the ATM machines will seize up.

The Government’s case comes down to access to the European Stability Mechanism fund. This is a €700 billion firewall that euro zone governments can draw on if other borrowing costs are too high.

Until recently Fine Gael and Labour claimed that Ireland would not need a second IMF- ECB-European Commission programme of cuts. They argued that austerity would produce a recovery by giving confidence to investors. They are now saying though that Ireland may need “insurance” and the only way to guarantee access is by voting Yes.

This argument demands far more scrutiny. When terms such as a “second bailout” are used, it suggests that the IMF and commission are trying to help the Irish population. In reality, a second programme would involve even more stringent conditions.

The ESM treaty – which is due to be voted on in the Dáil after the referendum – states that the funds would come with “strict conditionality”

full article at source:http://www.irishtimes.com/newspaper/opinion/2012/0529/1224316859070.html

High Court challenge over the Fiscal Stability Treaty (thepressnet.com)
court case to force the Government to hold a separate referendum on the ESM Treaty set to proceed (thepressnet.com)
30-minute guide to the ESM and Fiscal Compact treaties (namawinelake.wordpress.com)
According to the ESM, Ireland will have to pay 11,145,400,000 (thepressnet.com)

Stability and Lies – Enda and Noonan

machholz — Tue, 29 May 2012 10:09:55 +0000

Vote No !

Northern Ireland’s residential property price collapse – the worst in the world?

machholz — Tue, 29 May 2012 10:05:16 +0000

Reblogged from NAMA Wine Lake:

If Carlsberg did property collapses…then you would expect the collapse in the value of residential property prices in the Republicof Irelandbetween 2007 and today to be close to tops. After all, that is what the league table of Reinhart and Rogoff’s global property busts tells us. Adjusting the figures below which are from 2009 to 2011, theRepublic ofIreland would be in second place after Hong Kong 1997-2003.

Greece stops dead as Government introduces payments freeze, and importers demand cash up front

machholz — Tue, 29 May 2012 10:04:07 +0000

Facing the threat of a delay in the disbursement of bailout instalments from the Troika, Greece’s caretaker government has suspended rebates and payments to suppliers of the public sector. All loans by banks to any business, regardless of viability, have been stopped. In the absence of safe ways to sell, 74% of Greek companies are focused on debt reduction. And foreign companies importing to Greece are demanding money up front.

The Troika’s crazy austerity and repayment schedules demand a Greek economy going at Full Ahead Both. It is now on Silent All Stop.

Thanks to cut-off threats from Berlin-am-Brussels, the Athens government has stopped paying suppliers, foreign importers will not ship until upfront cash has been received and confirmed, and banks have been instructed to lend nothing to either domestic or business borrowers.

The personal loans ban has been framed in the light of a suffen rush for ‘credit’ alongside massive withdrawals. Loans by banks were running at €11bn euros a month. From here on they will be zero.

Meawhile, the insolvency and supply problems for drugs at retail level in Greece has predictably backed upstream. Greek GPs are owed €620m. The provision of primary medical care and medicines to about 9 million people is very close to collapse due to the accumulated debts of the National Organization for the Provision of Health Services (EOPPY), as the government has reneged on its promise to settle all arrears to private suppliers of the old insurance funds (that now make up EOPPY) by the end of March. The money involved – a total of around €1.7 billion – spookily isn’t there any more: it went to pay off the last of the bondholders.

full article at source: http://hat4uk.wordpress.com/2012/05/28/euroblown-greece-stops-dead-as-government-introduces-payments-freeze-and-importers-demand-cash-up-front-24/

EUROPE TO US CONTAGION: Episode 1 in the coming complete crock of nonsense.

machholz — Mon, 28 May 2012 22:09:52 +0000

Reblogged from A diary of deception and distortion:

The U.S. Federal Reserve is well equipped to deal with any fallout from Europe’s escalating debt crisis, a top official said today.

“There’s absolutely no reason for people in the United States to get all in a dither,” Federal Reserve Bank of Philadelphia President Charles Plosser said in an interview with The Wall Street Journal.

Mr. Plosser said that in the short run, uncertainty in Europe might even work in the U.S.

The ESM is a 700 billion trap!

machholz — Mon, 28 May 2012 22:08:29 +0000