IRELAND FACES BIGGEST TEST IN MODERN HISTORY AS EU/IMF CONDUCT ECONOMIC BLITZKRIEG

by Jane Burgermeister

Evil European Economic Empire

Ireland’s election called a “transformative moment” in nation’s
history: a “pencil revolution” at the ballot box

- The Fianna Fail party has been  annihilated at the polls: the party locked Ireland into an 85 billion euro loan from the EU/IMF at an interest rate of  6% and relinquished sovereignty

- New government has just days to stop transfer of tax payer money to foreign bondholders following draconian EU/IMF budget passed in December

- 85% of the income tax revenue will be used to service the EU/IMF loan by 2012 in an economic Blitzkrieg

- EU insists Ireland must pay banks setting stage for “collision” with new Irish government

- Spirit of independence of 1916 awakening as country faces crushing taxation without representation by imperial-style EU administration
Irish voters have delivered “electoral Armageddon” to the Fianna Fail government that saddled tax payers with the obligation to pay interest on a mountain of private bank debt.

Interest on the national debt is set to consume a 85% of the country’s income tax revenues by 2012, according to The Telegraph.

Fine Gael won the most seats in the 166-seat Dáil at 76 and looks set to form a government with the Labour party, which won around 37 seats. Sinn Fein trebled its seats to win 15, including Donegal South West.

Fianna Fail was relegated to the wilderness with 20 seats in an annihilation of historical proportions for the first government in the eurozone to lock its people into an EU/IMF loan.

The stunning ousting of the country’s ruling party that has ruled for 61 of the past 80 years has been called the “pencil revolution” and compared with the uprisings in the Middle East but without bloody street battles.

http://www.independent.ie/national-news/elections/comment-analysis/lise-hand-our-uprising-brought-down-ff-with-pencil-revolution-2559045.html

Fine Gael and Labour leaders met today to discuss at top speed how to deal with the interest payments on the EU/IMF loan.

Money will be taken from the Irish tax payers very fast in an economic “Blitzkrieg”. The EU/IMF have plans to repay 60 per cent of holders of unguaranteed, unsecured senior bonds by the end of 2012, with bondholders getting €5.7bn this year and €7bn in 2012.

Banks have already received €53bn, or 33 per cent of GDP, since 2008. At the same time, GDP contracted by 11 per cent between 2007 and 2010.

The high voter turn-out at the election of 70% and the wipe out of FF at the polls suggests that the population has understood that corruption among the Irish and EU political and financial elite have caused the worst economic collapse in modern Ireland’s history, and want a government that shows the steely spirit of 1916 to rescue the country.

Polls show huge numbers of voters described themselves as “very angry” and “outraged at what is, in effect, the biggest transfer of wealth from the people of Ireland to foreign entities in history under the pretext of having to pay interest on a paper debt.

Vienna Economics Professor Franz Hörmann explained in a report in Der Standard how banks can create money– and also debt — out of thin air using the fractional reserve banking system. He also explained how they can use the fair value accounting rule to amass fraudulent losses on their books that can also be used as a pretext to suck real capital from taxpayers along as government leaders acquiesce in the fraud.

The FF government and ECB helped fuel a property bubble by easy read more >>>

Ex-Anglo executive seeks court orders

MARY CAROLAN

Former Anglo Irish Bank head of lending Tom Browne is seeking court orders requiring the bank to disclose extensive documents concerning loans made to businessman Sean Quinn and his family to fund liabilities incurred as a result of transactions made to fund the purchase of shares in Anglo itself.

Anglo has brought proceedings against Mr Browne over unpaid loans of some €50 million but he claims those loans are vitiated due to alleged fraudulent misrepresentation of Anglo via its “silence” in the last three months of 2007 over loans to Sean Quinn and other matters relevant to its share price.

Various loans were issued to artificially enhance the bank’s share price, Mr Browne claims.

Mr Browne alleges Anglo advanced millions of euro to him in late 2007 to buy its shares when it and various State authorities all knew Anglo had loaned substantial sums of money to Mr Quinn in November 2007 to fund Mr Quinn’s liabilities concerning Contracts for Difference (CFD) transactions to fund the purchase of shares in Anglo.

The Bank failed to tell him about matters which, if known to the financial markets, would have had “a devastating effect” on Anglo’s stability, Mr Browne claims. He claims he would not have executed his share options in late 2007 if he was aware of these matters and consequently would not have suffered losses when the bank’s share price collapsed.

Discovery issues in the case were before Mr Justice Peter Kelly today who heard, in addition to the Quinn loan documents, Mr Browne is also seeking a wide range of internal documents aimed at ascertaining the state of knowledge from 2007 within the bank about the fall in its share price.

He also wants documents related to the reasons for the movement of €7.3 billion in loans from Anglo to Irish Life & Permanent. All documents related to consideration by Anglo senior management of Mr Browne’s indebtedness over the duration of the loan facilities are also sought.

Anglo said it will discover a range of documents but contended the discovery being sought by Mr Browne in support of his claims of fraudulent misrepresentation is too extensive. Many of the documents being sought are irrelevant, it argued.

After hearing arguments from John Rogers SC, for Mr Browne, and Paul Gardiner SC, for Anglo, Mr Justice Kelly said Mr Browne’s discovery application was very wide-ranging in its scope and possibly very deep in its thrust and he wanted some time to consider the matter. He hoped to rule next week.

The judge also suggested some of the information being sought by Mr Browne’s side, including about the Quinn loans, might be secured more effectively by serving interrogatories (questions requiring sworn answers) on Anglo.

Earlier, the judge upheld arguments by Anglo that Mr Browne should discover a range of documents related to his purchase of shares in Anglo and purchase of properties and other investments, including all documents related to purchase of CFDs in Anglo, Bank of Ireland and Allied Irish Banks.

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IMF Get out!

“The Irish people say shove your bailout up where the sun don’t shine, IMF/EU can find another sucker to bail out their bankster buddies”

International media focus on Fianna Fáil’s humiliation at the polls

THE INTERNATIONAL REACTION to Ireland’s general election has largely focused on the “crushing defeat” that has been inflicted on the outgoing government of Fianna Fáil.

The Observer/Guardian says the elections mark a “sea change in Irish politics” with the damage inflicted on Fianna Fáil worse than that inflicted on the UK Conservative party in the 1997 election in which Tony Blair and his Labour party were elected to power.

The paper notes that in Dublin Central, once the stronghold of former Taoiseach Bertie Ahern, it was Fine Gael’s candidate Pascal Donohue who topped the poll.

Ireland’s new government is headed for confrontation with the EU, according to The Sunday Telegraph, which says the poll result is a popular backlash against the EU/IMF bailout.

The New York Times says Ireland has ousted its “discredited government” with it noting the considerable doubt about Ireland and the new government’s ability to repay the bailout that “humiliated” the country.

The election was a “crushing defeat” for Fianna Fáil reports France’s Le Monde newspaper (French) which notes that the new government will be focusing on renogotiation of the interest rate on the EU/IMF bailout.

The renegotiation of the bailout by the new government is also the focus of Spain’s El Pais newspaper (Spanish) which notes that the next Taoiseach Enda Kenny has said the support conditions are “bad for us and bad for Europe.”

The BBC’s correspondent in Ireland says that the result is a “seismic change” but that the new government will have no option but to continue with the austerity measures introduced by the former administration.

source: http://www.thejournal.ie/international-media-focus-on-fianna-fails-humiliation-at-the-polls-2011-2/

Overcoming Divide and Conquer Strategies: 99.9% of the US Population Should Support the Public Unions’ Fight Against Occupying Economic Imperialists

Quick Summary: The global bankers, who caused our economic crisis, are attempting to deflect blame and divide the American public by escalating attacks on public-sector workers. The battle in Wisconsin, which is spreading across the entire nation, should be viewed in a global economic context. Do not let the obsolete Republican vs. Democrat charade confuse you. Even if you believe Unions have been corrupted, in this case you have to go with the strategy: “The enemy of my enemy is my friend.”

The Global Economic Elite have launched a war on 99.9% of the US public, we must unite and rally together. Unions have played a key role in uprisings from Europe to the Middle East. We must seize this opportunity and let Wisconsin be a spark to light the fires of non-violent rebellion throughout the United States.

Overcoming Divide and Conquer Strategies: 99.9% of the US Population Should Support the Public Unions’ Fight Against Occupying Economic Imperialists
By David DeGraw, AmpedStatus Report

There is a rule of war that many people are failing to understand: “Do not fight the last war.” In The 33 Strategies of War, Robert Greene calls this “The Guerrilla-War-Of-The-Mind Strategy:”

“What most often weighs you down and brings you misery is the past, in the form of unnecessary attachments, repetitions of tired formulas, and the memory of old victories and defeats. You must consciously wage war against the past and force yourself to react to the present moment. Be ruthless on yourself; do not repeat the same tired methods.”

The sad truth is that most people are still fighting yesterday’s war. The Republican vs. Democrat charade — good cop, bad cop nonsense — is a mere smokescreen. Don’t be confused by obsolete preconceptions and propaganda. There is one war being fought, The Global Economic Elite Vs. The People.

A global banking cartel has looted nation after nation, the world over, the United States is no exception. They’ve looted trillions from the US public and now they are trying to cut the throat of the public unions. While in the process of attacking private-sector workers and small businesses throughout the country, they are also cracking down on the last layer of worker protections within the public-sector.

The same economic central planners that have systematically exploited workers in Europe, the Middle East, Africa, Australia and Asia, have exploited American workers as well. One-tenth of one percent of the population got luxurious life boats, while 99.9% of us are being left behind to drown in a sea of debt and social upheaval.

We are all on the same sinking ship – me, you, teachers, construction workers, fire fighters, police, Egyptians, Europeans. We are all under attack by the same people. The sooner you understand this, the better off we will be.

All of the global uprisings, against the global bankers, are popular reactions to the implementation of a worldwide Neo-Feudal economic order. People can dismiss and ignore me all they want, but I know what I’m talking about. In fact, I invite Ben Bernanke and Timothy Giethner to a debate. I’ll take them both on at the same time. I’ll expose the two imperial pawns within a minute, faster than Tyson knocked out Spinks.

The bottom line is this: It is imperative that 99.9% of the US population actively supports the public unions uprising against the occupying economic imperialists who have conquered our country. If the economic imperialists think they’re going to continue their attacks, by cutting more American workers’ wages and benefits, after looting the nation of trillions, they are going to get a much deserved rude awakening. If they want to steal trillions, increase the price of food and oil, and make further cuts into our income, they are going to get crushed. 239 million Americans are currently living paycheck to paycheck. Push them another inch, and the global bankers might as well go hang with Gaddafi and Mubarak.

Seriously, think about this: They’re going to cut pensions on people who make $25k per year, while all-time record-breaking profits and bonuses are raining down on the ….read more here >>>