Tag Archives: Ireland

Love Letter to Ireland! (and to ALL the Debt-Enslaved Nations of the World)

Posted on November 5, 2022 | Leave a comment

Ireland is in bad fiscal shape, but so are many other nations. They all have a rendezvous with pain. From David Chu at thesaker.is:

 
Love Letter to Ireland! (and to ALL the Debt-Enslaved Nations of the World)

How often have the Irish started out to achieve something and every time they have been crushed politically and industrially. By consistent oppression, they have been artificially converted into an utterly impoverished nation.

~ Friedrich Engels, 1856

Look out, Ireland!

Financial debt-bergs, dead ahead!

The Irish “external debt to GDP” ratio is currently at 609%. In December 2010, it was well over 1,000% (1,091.5% to be precise). No other nation on Earth carries this much external debt to its GDP. The United States, the world champion of all debts for sure with an official national debt reaching almost $31 Trillion, only has 104% as its external debt to GDP.

What this means is that Ireland will be fleeced once again, meaning her people will be enslaved financially and economically . . . when interest rates rise. Interest rates are rising significantly and will rise dramatically. Ireland is the poster child of nations in debt slavery and what will happen to those who borrow way beyond their means.

Before we get into the nitty gritty of this unlucky Irish story, I want to state for the record that I am not an economist. Thank God! I am a mechanical engineer by profession and I understand numbers. Numbers don’t usually lie. Well, sometimes numbers can be manipulated. But most of the times, they also can tell the truth. We are going to take a 30,000 feet overview of this increasingly hot and very dangerous situation that is not adequately covered by the mainstream or the alternative media.

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Posted in Debt, Economics, Financial markets, Governments, Politics

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This Is What a Reader Wrote Me About The Vaccine Madness in Ireland, by Vasko Kohlmayer

Posted on December 29, 2021 | 2 comments

Since boosters were rolled out in already heavily vaccinated Ireland, Covid case rates have set an all-time record. From Vasko Kohlmayer at lewrockwell.com:

Writes Gemma Murphy:

I am reading your article about the major US colleges and the rise of Covid-19 numbers among the vaccinated.

We here in Ireland are “boasting” one of the highest vaccination rates on the planet. 98% I think. The booster campaign is being pushed out at breakneck speed. Restrictions were imposed on pubs and restaurants again last week as our positive case numbers were 11,000 on 23rdDecember and 13,000 on Christmas Eve. Our population is just under 5 million. We were somewhere between 4,000 and 5,000 before that. So the jump is massive. The whole thing is spiralling out of control. I now actually know people with Covid 19, which despite all the hype, is the first time this has happened since March 2020. Several members of my family are Covid positive, as are my neighbours and friends. All of the people I know and hear of being covid positive are double vaccinated and have received the booster. Since the booster was rolled out a few weeks ago the rates of infection have gone through the roof. It became so bad in the weeks before Christmas that the testing centres were completely overwhelmed and it was impossible to find a vacancy to go and have a test. People were driving half way around the country to get tested. We now have a situation here where all general practitioners have been enlisted to roll out the booster shots. This means that people who have ordinary illnesses cannot go to their family doctor. This is expected to last until the end of January or mid-February. Pharmacists and vaccination centres are working around the clock to roll out boosters. Now anecdotally people who were completely pro vaccine and pro booster, are now changing their tune. Many are noticing that the more boosters are rolled out the more cases we are having in the country. Still our media are droning out the same message and people are rolling up sleeves for the booster. It is not helping that we have a stock of vaccines which are due to expire at the end of December and must be used. Hence the “all hands on deck” approach.

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Posted in Civil Liberties, Collapse, Government, Law, Medicine, Uncategorized

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EU Launches New Power Grab, to Roaring Public Approval, by Don Quijones

Posted on September 7, 2016 | 1 comment

The EU is using Apple’s taxes, or lack thereof, as a backdoor way to set EU nations’ tax policies, or “fiscal union.” Do you think it will set uniformly high or low taxes? From Don Quijones at wolfstreet.com:

A “Back Door” to Fiscal Union

The Apple Tax is about a lot more than just Apple and the billions of euros in backdated corporation tax it purportedly owes to European governments. It even goes far beyond the question of how — and how much — central authorities should tax recalcitrant multinationals that make billions of dollars in profits on their turf but share few or none of the proceeds.

What is most at stake is the question of who gets to set the fiscal rules in Europe’s foreseeable future. One thing is clear: if Brussels gets its way, it’s not going to be the national government of each member state. And that could be very bad news, at a very bad time, for a number of European economies, in particular Ireland, Luxembourg, and the Netherlands.

“Total Political Crap”

The EU’s Competition Commission slapped Apple with a €13 billion retroactive tax bill. That money is apparently owed to the government of Ireland, its decades-long partner in one of the biggest tax-avoidance schemes of living memory. The Commission argues that the arrangement cooked up between Irish authorities and Apple’s tax lawyers and accountants represented illegal state aid, enabling the U.S. company to get away with paying an effective taxation rate on its European profits as low as 0.005%.

Naturally, Apple does not want to pay the money. Apple’s chief executive, Tim Cook, even went so far as to call the EU ruling as “total political crap”:

They just picked a number from I don’t know where. In the year that the commission says we paid that tax figure, we actually paid $400 million. We believe that makes us the highest taxpayer in Ireland that year.

The government of Ireland doesn’t want the money either, despite the fact that it could certainly do with it: at 128% of GDP, it boasts one of the highest levels of public debt in Europe, which is no mean feat these days. The EU ruling comes at a time of growing concern about the potential fallout from the decision by Ireland’s closest neighbor and second biggest single trading partner, Britain, to leave the EU, which according to some reports is hurting the Irish economy even more than the UK’s.

A “Back Door” to Fiscal Union

Irish Finance Minister Michael Noonan told Irish broadcaster RTE on Monday that: “As far as I am concerned there is no economic basis for this decision.” He added: “They [the European Commission] don’t have responsibility for taxes and they are opening a back door through state aid to influence tax policy in European countries when the European treaties say tax policy is a matter for sovereign governments.”

As a Member State of both the EU and the Eurozone with a “business-friendly” environment that is brimming with local, English-speaking talent, Ireland is an enticing base for global multinationals. Or at least was.

To continue reading: EU Launches New Power Grab, to Roaring Public Approval

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