A bird's eye view of the vineyard
Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
Alternative site: https://thesaker.si/saker-a... Site was created using the downloads provided Regards Herb
The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker
Dear friends As I have previously announced, we are now “freezing” the blog. We are also making archives of the blog available for free download in various formats (see below).
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by Mr. Allen for the Saker blog Over the last few years, we hear leaders from both Russia and China pronouncing that they have formed a relationship where there are
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Indymedia Ireland is a volunteer-run non-commercial open publishing website for local and international news, opinion & analysis, press releases and events. Its main objective is to enable the public to participate in reporting and analysis of the news and other important events and aspects of our daily lives and thereby give a voice to people.
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Awful audio, bizarre performances, embarrassing gaffes and a woke 'Last Supper' parody that has outraged Christians turned the Paris Olympics opening ceremony into a rain-soaked disaster.
The post Christians Slam Paris Opening Ceremony for Woke Parody of ?Last Supper? appeared first on The Daily Sceptic.
Victorian Laws Against Priests Meddling in Politics Are Now Needed More Than Ever ? To Prevent Imams... Sat Jul 27, 2024 11:46 | Steven Tucker
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Three Generations of Waughfare: Alexander Waugh (1963-2024) Sat Jul 27, 2024 07:00 | James Alexander
Politics professor James Alexander pays tribute to Alexander Waugh, the grandson of Evelyn Waugh and master of non-fiction prose who died aged 60 last week.
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Comments (4 of 4)
Jump To Comment: 1 2 3 4Over at Constantin Gurdgiev's blog he has analyzed what Noonan's latest deal on promissory notes for 3.1 billion euro has done and shows that it has no advantages and will actually cost more.
He outlines 16 points on it and in point 13 says:
The positive factor of so-called 'more flexible fiscal buffer' is a red herring, in my view. The idea is that we are 'saving' cash allocation of €3.06bn this year, making it 'available' for borrowing in 2013. This is rather stretching the reality - the 'cushion' has been pre-provided to us by the Troika deal and is specific to the Promissory Notes. There is no indication that it can be used for any other purposes. Even if it were to be used for any other purpose, it would be an addition to the bond issued, so our debt will increase by the amount we use from the 'cushion'. Furthermore, the deal runs out in 2013 and thereafter no 'cushion' is available. So on the net, we have just paid 400mln increase in debt, plus 90mln in deficit to buy ourselves an 'insurance' policy that should we need 3bn in 2013, we will be able to ask for it from the kindness of the EU and have it for no longer than a year. That's pretty damn expensive insurance policy.
You can find the full text at the link below.
Meanwhile as one commentator to his blog says about the deal:
Because of the general discontent around the household tax, and their impending ard fheis, Fine Gael had to be seen to produce a result for the people. The ECB refused to play ball so Noonan's very expensive fudge was cooked up.
It is astounding that the government are willing to accrue further debt, many multiples of the revenue they hope to get from the household tax, just to save face.
don't forget Tom Parlon.
Noonan has compounded the problem by issuing a bond for €3.06bn. He has converted private debt to sovereign debt, thus taking it out of the frame for future negotiations. What a disaster and a scam of the highest order. The debt situation has actually been made worse, not better.
We are sinking more and more and it is crystal clear that DISASTER looms. There's a stockmarket bubble forming.
The BIG CRASH is 6 months away, at most!!!
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