Will cost of Allied Irish bailout end up equalling Ireland’s entire GDP? (it’s already heading to 60%)

38 comments on “Will cost of Allied Irish bailout end up equalling Ireland’s entire GDP? (it’s already heading to 60%)
  1. seosamhogallunai says:

    First Half of show very intersting http://www.tv3.ie/shows.php?request=tonightwithvincentbrowne

    Incitement to hatred-Workers against Non workers already been enflamed by aminstream media http://www.newstalk.ie/programmes/all/breakfast/
    30/09/10 9am to 9.45 am .

  2. seosamhogallunai says:

    BRING DOWN THE EURO!

  3. NicAbbo77 says:

    You said it @Max. You said they would gradually reveal more bad debt when it suits to do so. Another top prediction.

  4. Marc Authier says:

    So freakin surrealist !

    Why not change the name of the country to Angloirishnistan !

    Freakin hallucinating ! It’s like a mad nightmare ! I read yesterday it was 34 billion and now it’s 50 billion ! Bet you that’s it going to 100 billion !

  5. Yeah! says:

    At what point do we just “switch tracks” on these huge bailouts, and simply turn them into some kind of “Bellockian buy-out,” which removes the holders of “too much” wealth from participation and influence in the system we try to call capitalism? Without the dirty diaper of “class warfare,” I mean…

  6. Marc Authier says:

    Ireland was first and foremost fucked by UK and USA model of banking. Nefarious godamn english speaking WASP cancerous Nazi pseudo capitalism. What the number again owned by Anglo-Rubbish ? 500 billion euros for a small country ? I say that 20% of the loan porfolio is worthless shit. The irish slaves will have to eat most probably 100 billion euros when everything is finito. !

  7. Marc Authier says:

    Irishnistan.

  8. Geek Boy says:

    I see a bright future for myself in potato digging

  9. nama rama says:

    I give it less than a week before its game over.

  10. MirrorMirror says:

    Slightly Off Topic but …

    Fabulous pictures and good lessons for life …

    http://kenhoma.wordpress.com/2009/12/23/christmas-2009-45-lessons-in-life/

  11. seosamhogallunai says:

    With the Anglo bond holders all you need to do is call them into a room and tell them that they only get 10 cents on the pound. Every government in the world, other that Irela nd, does that in these circumstances. Straight away save €10 Billion in three seconds. Fianna Fail wont do that and are working against the interests of 99.9% of thepopulation. Extraordinary. Normally you would need a military dictatorship to so blatently follow the interests of the few against the interrests of the many.

    The South Ameican countries are poor for only one reason, they put the interests of the small elite above the interests of the population. Ireland, after the fall of facism in Spain and Romania is the only European country o follow this agenda. The agenda is well known to the wealthy, pay NO tax and their gambling debts are covered by the general population by tax.

  12. Marc Authier says:

    50 billion euros divided by 3,5 million people. And with interests compounded for debt. At 7% you have 100 billion in less thant 10 years for sure ! 14300 euros for each children, women and man in Ireland ! Holly shit. And with the compounding the amount goes to 30,000 euros per person. Now imagine if interest rates continue the same way as Greece ?

  13. Mother Earth says:

    Get your gold groove on!

  14. Marc Authier says:

    Hey Mikey. You are next in the UK.

    http://www.youtube.com/watch?v=hQazSediuYs

  15. Daruka says:

    vaporize the juice and you have most of the problem solved. Don’t allow any juice into any banking systems.

  16. Marc Authier says:

    @Daruka
    You are a little bit simplying. You are cetainly talking about orange juice. Don’t be sour grapes. The problem is much more complex than that. I’d say eliminate the Bank of England. Ruining UK for good would be a real good start.

  17. Marc Authier says:

    Two institutions mus be erased from the face of the Earth. The Bank of England and it’s USA poodle, the FED.

  18. Marc Authier says:

    THE END

  19. microhousehold says:

    50 billion €
    There are about 4 to 5 million people living in Ireland, so that works out at
    about € 10,000 per person for Ireland.

    Which is way too much for such a small country.

    @NicAbbo77
    Yes another good prediction of Max.

  20. microhousehold says:

    @Marc Authier

    You’ve even included the interest, which makes it all too clear.

    Many people in Ireland and the UK live on € 10,000 a year.

  21. Chundernuts says:

    And yet we are told all the time that the ‘crisis’ has nothing at all to do with banks and everything to do with our governments spending too much on all the ‘goodies’ we enjoy.

  22. Marc Authier says:

    Listen. The spreads are exploding. Listen this fuckin liar that pretends that there is no problems with the irish bonds. Bullshitter.

    http://news.yahoo.com/video/business-15749628/no-problems-for-irish-bonds-22008730

  23. seosamhogallunai says:

    2.3 trillion dollars in documented external debt.

  24. Marc Authier says:

    Just show investor got their handed to them. The Irish government bastards were simply bullshitting before the bond sales. Pump the toilet paper and them dump the shit. The bond market is presently filled with assholes.

    http://www.msnbc.msn.com/id/39285303/ns/world_news-europe/

  25. Marc Authier says:

    Got their head handed to them in less than two weeks !

  26. microhousehold says:

    I worry for Bermuda and the Cayman Islands.
    Imagine they would have to bail out some of the off-shored companies registered over there.

  27. Mongo says:

    Congratulations to Ireland!

    12 points!

  28. Marc Authier says:

    What’s funny is how investors like to believe in the bullshit.

    24 hours ago the bailout was supposed to be 34 billion euros. And now it’s 50 billion euros. Yields on irish bonds are going up up up up up up. Like in Greece.

    As for the rest it’s bullshit. Very funny the part that Ireland is at only 45 minutes from London. Yeah real advantage to be close to the most busted country in the world. Good selling point. To sell your irish bonds and get rid of them before these bastards announce another new 30 billion loss.

    ———————————————————————————————————-

    Yields on existing Irish 10-year bonds had reached 6.56 percent Monday, more than 4 points above the yields of benchmark German bonds. Both were record highs dating back to the launch of the euro in 1999.

    But those numbers fell Tuesday to below 6.3 percent and 3.7 points respectively, driving down the cost of servicing Ireland’s euro88 billion national debt.

  29. Grisu says:

    We should at least have some fun in the great denutting.

    More than 500 nussknacker(nutcracker) to chose from:

    http://www.erzgebirge-palace.com/index.php?language=de&cPath=50_83&cat=83&query_limit=150&sort=

  30. Mini US says:

    Euro bearish phase with Ireland and Spain news.

    This little game of ‘take it in turns’ must be making the currency traders laugh.

    Fill the news up with bad Euro news.

    This is where Jim Rogers comes in and says something like “I’m bullish the dollar because everyone is so bearish” and the reversal obediently takes place.

    Financial games are so much fun, yet so damaging.

  31. Fiatmentalist says:

    Ireland has only 2 things to worry about

    http://www.youtube.com/watch?v=G3kW5J7PDi8

  32. Bel-Ami says:

    Max,

    I am interested in hearing you comment on the farcical
    effort of the US Congress to “stop Chinese currency manipulation”.
    As if US corps subletting manufacturing in China(Apple, Microsoft, etc)
    don’t make tons by it. If the Yuan were to increase in value they’d lose
    a great deal in labor costs.

  33. Sam53 says:

    @MirrorMirror
    Thanks for the link! So refreshing! The winter fairyscape pictures were stunning! Especially from my home in the tropics. Excellent lessons as well.

  34. Dedo says:

    Here’s some relaxing music,..I think is quite apt !,….

    http://www.youtube.com/watch?v=LB2RDx3TCu8&feature=related

  35. MirrorMirror says:

    @Sam53 … you’re welcome

    … and Yes .. those pictures are really magical.
    Reminds me of the beautiful UK Christmas cards.

  36. Youri Carma says:

    NASAL CONGESTION http://www.youtube.com/watch?v=4AqqDtOmPjY

    Brian Cowens interview on RTÉ’s Morning Ireland. Drunk/Hungover? what do u think http://www.youtube.com/watch?v=sNJOsQg189c

    Brian Cowen featured on NBC’s Tonight Show with Jay Leno monologue http://www.youtube.com/watch?v=gRZvERI5nf8

    Nervous markets drive Irish debt to new high of 6.78% http://www.independent.ie/business/irish/nervous-markets-drive-irish-debt-to-new-high-of-678pc-2357161.html

    S&P warning deepens Irish political and fiscal crisis http://ca.news.finance.yahoo.com/s/28092010/6/finance-s-p-warning-deepens-irish-political-fiscal-crisis.html

    External Debt PDF http://www.cso.ie/releasespublications/documents/economy/current/externaldebt.pdf

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