Timeline of Ireland`s destruction/recovery ?

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So we now know the country is well in over its head with debt, what kind of timeline can we expect for Ireland`s destruction or recovery?

No doubt many will claim (FF lackys) this is this the positive news we have needed, so I ask them what kind of timeline do the see for Ireland`s recovery.

As for the more sensible people on these forums what kind of timeline do they expect to see Ireland`s total destruction?
 


Rural

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Destruction IMHO - Not too many months after the Budget.

If people have no money to spend - business will go bust - more on the dole.

Very worrying
 

Future

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One thing Enda Kenny did say that was right is that it will take 10 years to recover from this crisis.
 

Franzoni

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Well as for meltdown we could see that in the middle of next year if FF think they can ignore the bond markets until then and then try going back cap in hand...

As for recovery...20 years if were lucky but we will be paying still even after any recovery,as someone else pointed out Germany have only finished paying off their WWI war debts and that took nearly 100 years....

Unless of couse we discover a 'north sea' somewhere around our coastline..but FF would probably manage to f**k that up as well...
 

Future

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If it will take 10 years then why are we being forced to do it in 4?
4 years is to get our budget deficit within the limits allowed by the eurozone rules.

10 years for us to return to better living standards and near full employment although I don't think its possible for us to return to the low levels of unemployment achieved at the height of the boom.
 

neiphin

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Unless of couse we discover a 'north sea' somewhere around our coastline..but FF would probably manage to f**k that up as well...
we did , and ff sold it to shell
the state will never see a penny from the gas off mayo
 

jimmyfour

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There will be no recovery. That requires politicial will to generate an economy with actual exports. We never developed that, and policies of the government have now ensured it will never develop either with manufacturing or resources. We are the periphery like Lithuania.
 

roc_

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There will be no recovery until the social and political factors that brought us to this level of debt during the boom, and continues to bring us in the same direction (in terms of debt AND mindless consumerism, rent-seeking, cynical profit-seeking, reducing workers to mere 'cogs in the machine', dynasty politics and sense of entitlement etc) are resolved.

So, if you're doing a timeline, first plot how long it will take to resolve these social and political factors, And then plot how long it will take us to build some prosperity from there.
 
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agnostipol

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On radio...just today....a gent from Jersey U.S.A. asked why a 'company' basket-case like Anglo was bailed out....and "asked".... were some Dail members benefitting from any bail-out?....because he couldn't see any other 'logical' reason for the govts. madness!! He wasn't allowed to develop the point...needless to say! Was he or was he not 'voicing' many peoples thoughts?
 

Cassandra Syndrome

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Bankruptcy a certainty.

Depends if we could have a Pheonix from the flames effect and a renaissance out of creative destruction. We have the know how. I would be optimistic about the aftermath.

But I would prefer to tie a piece of string to my tooth and tie the other end to a door handle and slam it to cure this chronic toothache and b done with it. No more expensive techniques to save it or morphine to numb the pain.

The sooner this collapse happens the better, its inevitable. Being one of the first countries to endure this market correction phase we have starters advantage. Go through it now and be one of the first to really recover.

A new system based on direct democracy. We should all be arguing these points in our townhalls.

BTW - Ireland is top news on Channel 4 news. Discussing us going broke and sinking into bankruptcy.
 

Cassandra Syndrome

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By the way, in our new Ireland, the economy should be run by sensible savings and investings determined by market forces, gradual growth. Frederick Hayeks Capital based business cycle theory is an excellent model that was invented in the 1930s but never was used. I will be bring me notes on this with many more when we meet up in our townhalls.
 
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Cassandra how do you see the economic outlook for Europe and the USA?

Do you think they particular the UK will have a better outlook than us now? I ask about the UK because no doubt that it the place of choice for destination for many Irish.
 

Catalpa

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Well at the moment we have enough readies to keep us going until about the middle of next year...

Unfortunately the World and his Dog knows this too & the Financial Jackals now smell blood...:evil:

Our Blood.:eek:

The moment of Truth will come some months before that as we will not be allowed to get to that stage.

The EU will not let us sink

- they will make us an offer we cannot refuse

- but the price will be that to all intents and purposes we become a Financial Protectorate on the rim of Europe...

IRISHMEN AND IRISHWOMEN: In the name of God and of the dead generations from which she receives her old tradition of nationhood, Ireland, through us, summons her children to her flag and strikes for her freedom....

We declare the right of the people of Ireland to the ownership of Ireland, and to the unfettered control of Irish destinies, to be sovereign and indefeasible.

:?
 

johntrenchard

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On radio...just today....a gent from Jersey U.S.A. asked why a 'company' basket-case like Anglo was bailed out....and "asked".... were some Dail members benefitting from any bail-out?....because he couldn't see any other 'logical' reason for the govts. madness!! He wasn't allowed to develop the point...needless to say! Was he or was he not 'voicing' many peoples thoughts?
and joe duffy VERY quickly moved back onto escalators.

McWilliams has been hinting at this as well.
 

Rural

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On radio...just today....a gent from Jersey U.S.A. asked why a 'company' basket-case like Anglo was bailed out....and "asked".... were some Dail members benefitting from any bail-out?....because he couldn't see any other 'logical' reason for the govts. madness!! He wasn't allowed to develop the point...needless to say! Was he or was he not 'voicing' many peoples thoughts?
I heard him and he made some very valid points about why was Anglo being propped up while other companies were allowed to go to the wall.

He was shut up fairly lively when he made the suggestion about self interest. But then Talk To Joe is suffering from post traumatic stress disorder after the Monica Leech court case.
 
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Who is that Irish tool on CH4 news?

He claims we will understand and except the cuts to come.
 

Cassandra Syndrome

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Peter Sutherland on CH4 News now getting grilled a by a proper news anchor man, Jon Snow.

"thats alright for you to say that from your lofty heights" - thats it John you go and rip his f*cking throat out!
 

Cassandra Syndrome

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Who is that Irish tool on CH4 news?

He claims we will understand and except the cuts to come.
Peter Sutherland. One of the highest members of the Global elite, in the Bilderbergs, the Trilateral Commission.

Did you notice the reptilian iris in his eyes and his lizard like tongue?
 
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Peter Sutherland. One of the highest members of the Global elite, in the Bilderbergs, the Trilateral Commission.

Did you notice the reptilian iris in his eyes and his lizard like tongue?
Peter Sutherland is the former chairman of BP plc (1997 - 2010). He is also chairman of Goldman Sachs International (1995 - current). He was appointed chairman of the London School of Economics in 2008. He is currently UN special representative for migration and development
He really is in lofty heights.

 


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