Has the Run on Ireland Begun?

[SideysGhost]

Apologies if I'm completely misunderstanding all of this.

If you are listening to Lenny then he wants you to be confused. Nothing he ever says actually makes any rational logical sense. But superficially it sounds like it should make sense. And so you are left trying to make sense of something that has no sense, which makes you feel inferior and confused and childish, and so you will bow down and accept that Lenny must be so much more smarter and more competent than you cos he confidently appears to easily understand something you can't figure out.

Remember that Bill Hicks sketch about the dinosaur fossils? "But it all sounded so plausible!" "Moron! Lenny was f***ing with you!"

It's all a quite deliberate act. Just as much as B-b-bertie's bumbling slightly-simple stuttering boy-next-door schtick was just an act. These people are cold-hearted mendacious and deliberate LIARS, and they are deliberately manipulating you and pushing your buttons. But once you know what he is up to, you immediately see right through it and while it'll make you angry it won't make you feel small, stupid, infantile, inferior or ashamed. Because that's exactly the emotional response all Lenny's blethering bolloxology is aiming for.

[Rep_of_pals]

I think I get the concept Rep, I'm just not good with the terminology. Is it true then that the rise in yield price is due to people selling the bonds they hold
? If this is true I don't understand what is meant by an 'attack by the bond vigilantes'. It can't be seen as an attack if people are just off loading something they do not feel is safe. Apologies if I'm completely misunderstanding all of this.

I'm trying to make sense of it too, so no need for apologies. I would say if there is an attack it's traders selling short, that is, they're selling something they don't own in the expectation they can buy back at a lower price. Buy low, sell high, only they sell first.

[Rep_of_pals]

Our current account in the Balance of Payments is in deficit thanks to the service trade imports and net factor income leaving our shores to the MNCs.

That sounds like the surplus is really a deficit.

[Cassandra Syndrome]

That sounds like the surplus is really a deficit.

I know! Trying to interpret the Balance of Payments report makes Chinese torture look like 2 weeks of leisure in the Bahamas!

€8 Billion of "net errors and emissions". How convenient!

[captainwillard]

I know! Trying to interpret the Balance of Payments report makes Chinese torture look like 2 weeks of leisure in the Bahamas!

€8 Billion of "net errors and emissions". How convenient!

emissions? Oh dear CS, oh dear.

[powderfinger]

If you are listening to Lenny then he wants you to be confused. Nothing he ever says actually makes any rational logical sense. But superficially it sounds like it should make sense. And so you are left trying to make sense of something that has no sense, which makes you feel inferior and confused and childish, and so you will bow down and accept that Lenny must be so much more smarter and more competent than you cos he confidently appears to easily understand something you can't figure out.

Remember that Bill Hicks sketch about the dinosaur fossils? "But it all sounded so plausible!" "Moron! Lenny was f***ing with you!"

It's all a quite deliberate act. Just as much as B-b-bertie's bumbling slightly-simple stuttering boy-next-door schtick was just an act. These people are cold-hearted mendacious and deliberate LIARS, and they are deliberately manipulating you and pushing your buttons. But once you know what he is up to, you immediately see right through it and while it'll make you angry it won't make you feel small, stupid, infantile, inferior or ashamed. Because that's exactly the emotional response all Lenny's blethering bolloxology is aiming for.

Another dispatch from Comical today.The latest broadside is aimed at media reportage.He was joined in conference by mogul Denis O'Brien,who had some pearls to impart also.
Media can undermine economy - Lenihan - The Irish Times - Fri, Sep 24, 2010

Journalists should temper their scepticism with an acknowledgement of the hopeful signs that are emerging in the economy, according to Minister for Finance Brian Lenihan.
Mr Lenihan said that while most reporting of our problems had been fair, journalists needed to be aware of the self-fulfilling nature of any "doomsday scenarios" they wrote. It was undoubtedly the case that journalists could undermine or promote confidence in the economy, he told a media conference today.

He acknowledged there was a "climate of fear" among the public about the impact of financial markets on the economy, the loss of jobs, the loss of markets and the stability of the banking system. A crucial element in dispelling fear was the provision of accurate, reliable and balanced information. This was the real role of the media in the middle of an economic recession.

The Irish economy is at a critical turning point where confidence can make a real difference, businessman Denis O'Brien told the conference.

The Digicel chairman said Ireland was "under the microscope" of the international financial community and their news suppliers. The big story of the past 10 days was not the Taoiseach's Morning Ireland interview but the use of Twitter that spiralled into "critical and damaging" articles in major international outlets across the world.

As a result, Irish news providers needed to be increasingly sensitive as to how they present the news of the day. In practice, that meant reporting both good and bad news about Ireland.

Mr O'Brien said there was good news to report about Ireland and it was not insensitive to report it when so many were suffering from unemployment, negative equity and emigration.

Among the positives that could have been reported in recent weeks, he said, was the fact that our GDP remains the second highest in the EU, that employment levels are stabilising, and that GDP fell only slightly this week.

It's starting to look like September 2008 again.'Dangerous talk' and all that jazz.

[Cassandra Syndrome]

emissions? Oh dear CS, oh dear.

Toilet trained too regimentally CW?

Even less than 10 years later symptoms of such can begin to emerge.

Anyway its top of the hour, back to Nickelodean with you.

[MPB]

It might help from a positive media point of view, if the leader of the country did not do Live Interviews with the National Broadcaster while Drunk and the Minister of Finance stopped telling the worlds media, that we had turned a corner everytime he met them.

It might also help if we stopped pandering to idiot bondholders like they were some sort of Money Gods and told the worlds Financial Markets that Ireland was no longer willing to stand behind corrupt Private Banks and their delinquent investors.

Maybe if we told the world that we had enough problems to solve at home, without having to partake in the Global transfer of bad Bank debt to taxpayers and the sovereign, they might have a bit more respect for us.

And if they do not, so what. Concentrate on our deficit and tap the EU fund to help create jobs and get our economy on the move again.

1 good, well capitalised Bank would be enough for the time being.

[Dreaded_Estate]

So the media should stay positive because FF's best hope in the next election is for people to believe they have done a good job managing the economy.

[SideysGhost]

So the media should stay positive because FF's best hope in the next election is for people to believe they have done a good job managing the economy.

For years people told me I was mad, droning on about Bertie's corruption and property bubbles and corruption and bubbles and corruption and....

I don't think there can be much doubt now that the opposite is the truth and the country has been run by a succession of deeply disturbed headcases for the last 13 years.

McCreevy - nutter
Harney - nutter
Bertie - nutter
Dermo Ahern - nutter
Fluffy Martin - nutter
Noel Dempsey - nutter
O'Cuiv - nutter
Gormless and Ryan - nutters
St Lendahand - really nuts
Clowen - drunken nutter

Umm, actually were any of them half-way sane?