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offsite link Israel Switching to Air-Launched Cruise ... Fri Jul 30, 2021 22:03 | Arie Egozi

offsite link Afghan Air Force Readiness Already Plung... Fri Jul 30, 2021 20:45 | Stephen Losey

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The Saker
A bird's eye view of the vineyard

offsite link The Taliban go to Tianjin Fri Jul 30, 2021 15:49 | amarynth
China and Russia will be key to solving an ancient geopolitical riddle: how to pacify the ‘graveyard of empires’ By Pepe Escobar, posted with permission and first posted at Asia

offsite link Russia and the Olympic Games Fri Jul 30, 2021 13:58 | amarynth
by Batko Milacic for the Saker Blog The world Olympic movement has always been based on the principles of equal and impartial attitude towards athletes – representatives of all states

offsite link Moveable Feast Cafe 2021/07/30 ? Open Thread Fri Jul 30, 2021 07:00 | Herb Swanson
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offsite link Update on the Christian Vignette project Thu Jul 29, 2021 16:03 | admin-herb
Status Christian Vignette Project Description Comments posted to articles under the Sandbox category with a tag of ‘Christian Vignette’ can viewed by all and a selected group of commentators will

offsite link Requiem for an Empire: a prequel Thu Jul 29, 2021 12:44 | amarynth
by Pepe Escobar with permission and widely cross-posted Assaulted by cognitive dissonance across the spectrum, the Empire of Chaos now behaves as a manic depressive inmate, rotten to the core –

The Saker >>

Lockdown Skeptics

The Daily Sceptic

offsite link End of Self-Isolation Rules for Fully Vaccinated Could Be Delayed Past August 16th Tue Jul 27, 2021 12:04 | Michael Curzon
The end of self-isolation rules for fully vaccinated Brits could be delayed past August 16th, the Policing Minister has suggested, saying that we will have to "wait and see" what the scientists advise.
The post End of Self-Isolation Rules for Fully Vaccinated Could Be Delayed Past August 16th appeared first on The Daily Sceptic.

offsite link ?Outrageous Proposal? to Introduce Vaccine Passports Could Split Tories ?Irretrievably?, Warns Steve... Tue Jul 27, 2021 11:21 | Michael Curzon
The Government must scrap its "outrageous proposal" to introduce vaccine passports or it will risk splitting the Conservative Party "irretrievably", warns Steve Baker, the Deputy Chairman of the Covid Recovery Group.
The post “Outrageous Proposal” to Introduce Vaccine Passports Could Split Tories “Irretrievably”, Warns Steve Baker appeared first on The Daily Sceptic.

offsite link Was Lockdown Illegal? Tue Jul 27, 2021 09:30 | Noah Carl
Was lockdown illegal? While the High Court in London rejected Dolan?s case against the Government, lockdown opponents have won important victories in a number of countries, including France, Germany and Spain.
The post Was Lockdown Illegal? appeared first on The Daily Sceptic.

offsite link And Finally? Tue Jul 27, 2021 02:27 | Toby Young
In the latest episode of London Calling, Toby and James discuss the declining case numbers ? and where that leaves Neil Ferguson ? as well as why Toby won?t boo footballers taking the knee and the new season of Ted Lasso.
The post And Finally… appeared first on The Daily Sceptic.

offsite link News Round-Up Tue Jul 27, 2021 02:20 | Toby Young
A summary of all the most interesting stories that have appeared about Covid and other areas of warranted scepticism in the past 24 hours ? not just in Britain, but around the world.
The post News Round-Up appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link France : from colonial fantasy to disaster, by Thierry Meyssan Tue Jul 27, 2021 09:41 | en

offsite link France, against its adversaries and its allies, by Thierry Meyssan Thu Jul 22, 2021 11:36 | en

offsite link From false accusations to the real massacre, by Thierry Meyssan Wed Jul 21, 2021 09:39 | en

offsite link The nuclear race accelerates, by Manlio Dinucci Mon Jul 19, 2021 10:21 | en

offsite link Turkey sending jihadists from Idlib to Afghanistan Mon Jul 12, 2021 10:32 | en

Voltaire Network >>

Why We Are Where We Are

category national | public consultation / irish social forum | other press author Tuesday December 28, 2010 22:57author by Bryan Wall Report this post to the editors

"The ongoing economic destruction of Ireland is not surprising when one looks at the history of collusion between bankers and politicians, at the highest levels, in Irish politics. Over the years, some of this has been revealed by insiders and tribunals. "

Throughout the history of the Irish state, Ireland was seen as an almost backwater of the Western World. It was a country literally and both metaphorically on the fringes of Europe with an economy which always seemed to be floundering in the doldrums. All of this changed in the nineties with the onset of the Celtic Tiger which was effectively brought about by low corporate taxes, an educated workforce and the low cost of wages. All of this led to a massive upturn in the economic fortunes of Ireland but when things should have naturally slowed down, those with political power ensured that the Celtic Tiger was extended beyond its natural lifespan by creating a bubble. The bubble in this case was a property bubble and like all bubbles in economic history, it was bound to burst. The government, and their associates in the banking industry and construction industry, did their best to try to convince people, not only in Ireland but also all across the world, that Ireland was the perfect economic model to follow. In reality it was all smoke and mirrors when in actual fact the entire economy was based on a lie; the need for more and more property. This lie, along with the cronyism at the very top of Irish politics, has led to the situation which we are now in where we are likely to default on our sovereign debt within the next 2 years.

Those in power have always had a “cosy relationship” with the banking industry, despite any pretensions that indicate otherwise. Thirty years before the current crisis, the banks had been “colluding, on a massive scale, with fraud, tax evasion and routine breaches of exchange control laws”. Put simply, during pre-Celtic Tiger Ireland, whilst the country was suffering from mass unemployment etc, the privileged classes were abstaining from legally paying their taxes, DIRT, and they were willingly helped by the banks. This was all known by the Department of Finance however. “The state authorities knew about widespread organised crime committed by financial institutions and their customers and did essentially nothing to stop it”. Nothing was done because the government saw “its job as supporting the banks rather than controlling them”. This is exactly what has happened in the last two years with the bank guarantee and NAMA. Bank debt is now intertwined with sovereign debt and this is what is slowly killing the country and why we have had to resort to a bailout from the IMF and EU. The excuse given for this “light-touch” approach was that it was in the “national interest” to not “rock the boat” as otherwise the elites would simply leave the country with their money. This was the main fear and reason that those in government wheeled out to the public and still continue to do. Those in power just let it happen and they did so again when it came to Ansbacher.

Not only were members of the Central Bank directly involved in the Ansbacher fraud, but so was the Taoiseach at the time, Charles Haughey. After he became Taoiseach what little investigative research was going on into Ansbacher by the Central Bank was toned down even further. This is a perfect example of just how blurred the lines between the State, Politics and the machinations of the economy, and the main players in the economy, are. As a further example, Adrian Byrne, one of the inspectors chosen to examine the bank involved in Ansbacher at the time, G&M, and seemed to turn a blind eye to it, later went on to become “a key figure in banking regulation during the Celtic Tiger years, firstly as the Central Bank’s head of banking supervision and then, until 2005, as the personal adviser to the chief executive of the Irish Financial Services Regulatory Authority”.. All of this paved the way for the excesses of the banking industry during the boom i.e, little or no regulation and a blind eye turned to illegal and semi-legal activities, so much so that during the boom, developers were not pursued for due taxes and the amounts that they were meant to pay were just written off by the Revenue.The building industry, for example, used various loopholes in the tax system to avoid paying as much tax as possible on their property developments. Although this was perfectly legal, “the Revenue Commissioners took the view that significant amounts of tax were being lost – €40 million was the estimate for 2006 and over €200 million between 1999 and 2006”. When the Revenue Commissioners brought this to the attention of the then Minister for Finance, Brian Cowen, and suggested that he remove these loopholes, he agreed. However, after intense lobbying from the construction industry, Cowen reneged on his promise.

Special interest groups, both in and outside the government, ensured that the banking industry and their friends were protected and continue to be protected. This became as evident as never before on the night of the banking guarantee in September 2008. As money was literally flowing out of the country, the government needed to step in and prevent a run on the Irish banks. However, “It is not clear whether Cowen and Lenihan had been informed about the full nature of the crisis that fateful evening”. Noted Irish economist, David McWilliams, agrees with this statement and has written that “While the Minister was on radio busy reassuring us that the banks were fine, the National Treasury Management Agency – effectively a branch of the Department of Finance - was busy pulling its deposits out of Anglo Irish Bank because it felt the bank was too risky, and didn’t tell him!”

The aforementioned special interest groups are always a part of any country but in Ireland these groups seem to be the ones with the real power and influence over the politicians, and by extension, the state. If you follow the monetary breadcrumbs, you’ll eventually come to this conclusion. They have seemed to hijack the country, along with their associates in various seats of power in the government, and are now bleeding the economy dry. There are those who refer to Ireland as a “Banana Republic” and this term has more substance to it than one would care to admit; “The answer to the question “Who really runs Ireland?” may be answered best by asking another question: “Who has the money?” When you know that, you have your answer to the first question”. With all of this in mind, we can clearly see just how politics and the state have played a role in the economy and it’s ongoing destruction.

Related Link: http://lovelaughterandtruth.org/2010/12/29/why-we-are-where-we-are/
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