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Thread: What Lenny & His Media Pals Don't Want Us to Know About a Default

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    Politics.ie Member
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    Default What Lenny & His Media Pals Don't Want Us to Know About a Default

    Just as we can't touch our blameless, selfless elite because, as Lenny said in the Dail last week, they would simply leave the state rather than pay more tax to help us fix their mess, we can't avoid making the sick, the young, the old and the unemployed feel savage pain to bail out international bondholders.

    Two mantras, accepted without question by our corrupt media/political axis: no extra pain for the very rich, and no standing up to the bondholders, not that we've had any thanks for our servility.

    Perhaps we should all read the following, and spread the word.

    Please note: this is not just a rehash of the list of bondholders, but a deeper look at the unimaginably vast assets which would cushion them if we defaulted.

    Golem XIV - Thoughts: Who are the bond holders we are bailing out?

    As for Golem himself, here's some background.

    Debt Generation

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    Politics.ie Member justme1's Avatar
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    Fantastic post,thanks.
    Find a Job you love,and you will never work a day in your life

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    Politics.ie Member slippy wicket's Avatar
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    Very interesting, but terrifying.
    Why should the people of this country be raped by the economic terrorists of the bond markets.
    Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery. Sir Winston Churchill

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    Politics.ie Member Goldencircle's Avatar
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    Brian Lenihan wouldn't lie to us.
    Its either Corruption or Stupidity

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    Quote Originally Posted by slippy wicket View Post
    Very interesting, but terrifying.
    Why should the people of this country be raped by the economic terrorists of the bond markets.
    Because we need them to pay next year´s bills !!

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    Politics.ie Member Goldencircle's Avatar
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    They took a risk
    Its either Corruption or Stupidity

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    Politics.ie Member slippy wicket's Avatar
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    Quote Originally Posted by Sailor View Post
    Because we need them to pay next year´s bills !!
    But a blogger i only heard of half an hour ago says that what we owe them is only back pocket money to them.
    Maybe we should just blame our debts on identity thieves, its likely as good an idea as any that lenny comes up with.
    Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery. Sir Winston Churchill

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    Politics.ie Member PUFF DADDY's Avatar
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    Well this and guido's lists over the last while, have been mainly ignored by mainstream media, but I for one have been hammering them with this info, which I suspect will be ignored again.
    Repeal the 8th

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    Golem XIV - Thoughts: Who are the bond holders we are bailing out?

    Was there ever any chance that this was not the case? We have no obligation beyond what was foisted on us by 2 barristers and a solicitor with no financial qualifications to pay these bondholders.

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    Quote Originally Posted by Goldencircle View Post
    They took a risk
    So if we default they´ll forget all about it and lend us more money? Tell you what, toddle into your bank manager in the morning, tell him you´re not going to repay your mortgage but you want a loan to buy a holiday home, and see what he says to you - when he´s finished laughing!

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