IRELAND

6 Years Later the PIIGS and Europe Still Wallow in Bear Markets

by John Galt July 31, 2016 10:00 ET Everything is great. All is quiet on the Western Front, Eastern Front, and Main Street economies with sluggish growth but new all time highs in key equity markets promoted for television purposes. The problems in Portugal, Ireland, Italy, Greece, and Spain are solved because CNBCCNNFBNFNCBBG does not want to cover them on a daily basis. Hence it’s all awesome: Right? Despite the fact that the over indebted United States has managed to hyperinflate its way into a new all time high in equity…


Ambrose Evans-Pritchard: Why I am voting to leave the EU

by John Galt June 12, 2016 20:10 ET In what can only be called a stunning editorial in tonight’s edition of the UK Telegraph, Ambrose Evans-Pritchard hammers it home with a stunning rebuke of the pro-European Union forces inside the United Kingdom with this editorial: Brexit vote is about the supremacy of Parliament and nothing else: Why I am voting to leave the EU Holy smokes! This is somewhat earth shattering as the conventional economic thought inside England was to remain and muddle through with a partnership both with France and…


02.27 BREAKING NEWS: Irish Pro-Austerity Government Coalition Falls in Shocking Election Defeat

by John Galt February 27, 2016 18:00 ET The implications of the message from the Irish people is quite clear and unmistakable: From AFP (via Yahoo): Irish government concedes election defeat <excerpted> Irish prime minister Enda Kenny conceded defeat on Saturday following elections that saw the governing coalition punished by voters weary of austerity, leaving the eurozone country in political limbo with no clear winner. “Clearly the government of Fine Gael and Labour are not going to be returned to office,” Kenny, the leader of the centre-right Fine Gael party, told…


The Housing Problem is not Solved in Ireland Either

  by John Galt August  25, 2013 14:30 ET There is this ongoing myth that if a government sprays enough bull crap, the flowers that grow from the fertilizer will spring eternal and cover the rotting, disgusting smell still permeating the air. The United States led the way with the “tell the stupid citizens the economy is better” theory of economic manipulation and propaganda yet in reality, the bills to eat, own a vehicle, and enjoy the one luxury of a flushing toilet or electricity supersedes paying homage and tribute to…


The Approaching Black Market for Precious Metals

  by John Galt September 11, 2012 23:00 ET   Imagine a world where the average Joe Schlub walks into his favorite coin dealer and asks his friendly retailer, “Hey Mike, can I buy a roll of silver American Eagles off of ya?” Before Joe can whip his wallet out, the retailer slides a government tax form in front of him and states, “Sure, just as soon as you fill this form out, provide two forms of certified identification, fill out this bank statement release form, and a thirty-four percent down…


43 years to Fill all the Empty Homes in Ireland

  by John Galt June 10, 2012 13:50 ET   The news from Ireland and the idea that the PIIGS will find nirvana with each bailout and an automatic path to recovery continues to be destroyed by actual real statistics and the harsh reality of the severity of the Great Depression of 2008. A report from Deutsche Bank quoted in this morning’s Irish Independent states that there are 289,451 empty homes plus an additional 15,000 vacation homes across this small nation. When taking average population growth, the year 2055 appears to…


7 Charts Indicate Why Europe is Doomed

  by John Galt June 1, 2012 05:15 ET   (All charts courtesy of Bloomberg.com)   Have my readers ever wondered why the financial networks always show 1 year, 6 month, or 3 month charts of stocks, bonds, or indexes whenever possible? Perhaps these seven charts will indicate why they prefer to color the truth and hide the seriousness of the economic realities of Europe. I have posted the charts of the major stock market indexes for the PIIGS plus Cyprus and Hungary to offer perspective as to how severe the…


OverMountain Radio Hardcore News Summary April 16, 2012

by John Galt April 16, 2012 21:30 ET Click on any link below to read the full stories covered on the air tonight along with some news that time did not allow to be read on air: Israeli TV report shows air force gearing up for Iran attack, says moment of truth is near Iranian officials observed N. Korea’s rocket launch: source Secret Service agents busted because they refused to pay hooker: source Secret Service dismissals “biggest scandal” for agency Secret Service hooker flap over $47 (or just 83,475 naughty lil’…


3.27.12 AEP: Spain to slash spending as economy slumps back into recession

by John Galt March 27, 2012 23:00 ET   The saga of the Eurozone is far from over and the latest piece from Ambrose Evans-Pritchard in the U.K. Telegraph tonight says it all: Spain to slash spending as economy slumps back into recession (click on the title above to read the story in full) As the world thinks the Greek disaster is behind them, the lurking nightmares of Hungary, Ireland, Portugal, and Spain along with Cyprus and other Balkan states hangs over the heads of the banksters in Brussels like an…


Bank of Ireland Executives drain €29 Million from their own Bank

by John Galt March 18, 2012 18:30 ET Well I guess it would be nice If I could touch your body I know not everybody Has got a body like you But I’ve got to think twice Before I give my heart away And I know all the games you play Because I play them too Oh but I Need some time off from that emotion Time to pick my heart up off the floor And when that love comes down Without devotion Well it takes a strong man baby But…


3.8.12 AEP: Legal skull-duggery in Greece may doom Portugal

by John Galt March 8, 2012 22:15 ET The problem with a Ponzi scheme is that eventually someone gets angry enough to see the con for what it is and asks where the money really is. Welcome to the PECB, the Ponzi European Central Bank. Ambrose Evans-Pritchard has addressed this issue in his column tonight in the U.K. Telegraph: Legal skull-duggery in Greece may doom Portugal (click on the title above to access article in full) As the Greece insolvency crisis continues despite the bond laundering scheme dreamed up by the…


2.28.12 AEP: Irish EU treaty vote threatens chaos

by John Galt February 28, 2012 19:00 ET Can I get an “Oops” and an “AMEN” from the audience please? Irish EU treaty vote threatens chaos Ambrose Evans-Pritchard has elected to defy the powers that be in the European Union again and post an inflammatory but accurate commentary in tonight’s U.K. Telegraph (Click on the title above to read it in full) about what happens when representative democracy meets the agenda of the banksters who wish to enslave populations without proper representation. Excerpted: All three major parties back the treaty but…


Did the ECB and Fed Decide to Abandon Portugal, Ireland, and Greece today?

By John Galt November 30, 2011 – 12:50 ET If I were to offer an unbiased opinion, I would say that it is too early to tell. However, the lack of a vociferous and solid course of action for the EFSF to bail out anything beyond what has been established for the nations of Portugal,Ireland, and Greece versus the abject panic in Berlin and Paris about the collapse of Italy and Spain tells this blogger that indeed, a decision may have been made to limit exposure to the PIG nations and…


11.24 AEP: Ireland demands debt relief, warns on EU treaties

By John Galt November 24, 2011 – 12:40 ET If there ever was a “see I told you so” moment, this story defines it. I warned way, way, way back when the Irish bailout was initially discussed, that the assault on Irish sovereignty would create a nationalist backlash against the British banking system and empower those political parties which demand that the people keep their freedoms and endure the pain like Iceland has done. Sein Fein is resurgent as their political clout grows along with some citizens deeply concerned of the…


11/2 EU Credit Disaster continues: Greek 1 Year Bond Yields top 232%

By John Galt November 2, 2011 – 08:00 ET Charts from Bloomberg.com and no commentary beyond “the panic is accelerating” is necessary beyond what each nation’s yields are telling you: Greek 1 year soars over a 230% yield this morning: Italian 10 year yield stays stubbornly above 6% despite ECB intervention: Irish 10 year yields creep past 8% again as the idea that the Hellenic contagion will spread: Lastly, French CDS spreads are expanding again and heading towards 200 points which should be a red flag as the exposure of the…


As Ireland collapses, 25-44 year olds flee the nation

By John Galt September 16, 2011 – 05:00 ET When an economy collapses, those that can escape what appears to be a once in a generation long term depression tend to flee. This holds true in the nation of Ireland where the government Central Statistics Office (CSO) released information showing that 110 Irish citizens per day are emigrating from the troubled Irish nation. The majority of the citizens fleeing are in the 25 to 44 year old age group; the future engineers, entrepreneurs, and labor which would help to lead Ireland…


7/17 Sunday Morning Stories of Interest

By John Galt July 17, 2011 Egypt’s Military Aims to Cement Muscular Role in Government -New York Times Heavy casualties reported in Libya -Reuters Yemen army, tribes in offensive on militants in south -Reuters Foreclosure Protesters in Spain’s Cities Now Go Door to Door -NY Times Obama angers China over Dalai Lama -The Australian Tunisian police fire in air to disperse rioters -Reuters Rebekah Brooks arrested over News of the World phone hacking -U.K. Telegraph Real estate: As banks shed debt, investors swoop in -Arizona Daily Star US debt talks threaten…


Summer of Rage: Ireland-Bus hijacked, Petrol Bombs thrown at Police in Northern Ireland

By John Galt July 10, 2011 The situation in Northern Ireland apparently continues to deteriorate as last night’s violence was described as “serious public disorder” in Ballyclare Co Antrim according to the Irish Times Sunday edition. The following portion is from the story Bus hijacked during night of serious violence in North : Petrol bombs and other missiles were thrown at police and a bus was hijacked and used to ram a police vehicle. The violence flared at about 11.30pm last night when a crowd of up to 100 people began throwing…


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It’s a PIIGSfest Housing Disaster: Ireland leads the way

  By John Galt July 4, 2011 The previous article I posted about the Greek housing crash that has begun pales in comparison to what is happening in the United States and unfortunately another one of the PIIGS, Ireland, is showing signs of further deterioration as their nation falls deeper into a bankster generated recession. The Irish Times highlighted the story in a story titled “Housing Prices Continue Decline” where per the property site MyHome.ie, prices fell another 4% last quarter bringing the total to 40% down since the peak. To…


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Irish Business is Preparing for the Storm by Contracting Rapidly

By John Galt June 12, 2011 The last thing the European Union wants to hear is that Irish businesses, much less any company located within the group of countries collectively known as the “PIIGS” (Portugal, Ireland, Italy, Greece,  have decided to contract their economic activities yet a fascinating story from the Irish online news site, TheJournal.ie spells out the damage that has been done after years of lackluster expansion. The Irish economy, much like their fellow piggies and the already defaulted nation of Iceland is finding out the rude truth that…


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Irish Militants Issue Bomb Threat to Central London

By John Galt May 16, 2011 My ancestors in Ireland are back at it as predicted by yours truly on a radio show months ago shortly after the Irish government capitulated to the London and ECB banksters and mortgaged their nation’s future. The suspected militants are following the pattern of the “Real IRA” a splinter group not affiliated with Sein Fein or the Provisional group which surrendered most of their arms after peace was made years ago. This story breaks as the Queen is scheduled to visit Ireland tomorrow. More from…


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