What Will The Future Economic Historians Make Our Predicament Into The Medium Term?

SlickWilly

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The fact that we will experience a from head to toe housing price drop of probably 70% will mean as arguably the biggest in history, their attention will be turned to it. I reckon when they look at how things have panned out and will inevitably over the next few years those future analysts looking back won't have a hair anywhere on their bodies, such will be their scratching of it.
A few examples
1 A Fianna Fail convicted jailbird Ray Burke being allowed to give away 540 billion Euros worth or our natural resources for nothing!
2 An ever widening income gap between private sector and public sector workers, in the formers' favour
3 With minimum wage sodomisation, an increasing gap between regular workers and their often useless bosses who will be unaffected! Ben Dunne is great on this one!
4 A German bank bailout paid for by the Irish tax payer and public service user, who will say bending over with a smile on his face roaring More sir! More Sir!
5 The introduction of the Eurea, a division 2 Euro for the PIGS, placing Ireland in a band it was never in before as the punt was never as weak as the Lira, escudo, peseta or Drachma!
6 New entrants to our public services being forced as teachers are very often to look at their long established colleagues living high on the hog (with pass degrees from the 1970s if even as their only qualifications), while they will be treated like dogs by comparison.
7 A trade union movement that quite simply has been bought off by positions on state boards and quangos and its lackies and blowers getting for example clerical position on CE schemes.
8 An electorate that will return Fianna Fail back to power in the iconic year of 2016 with the Shinners as their minor coalition partners.
I think they will be forced to conclude that what ever we have here, we certainly don't have a society!
 


Cassandra Syndrome

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Future historians

"so they learned nothing from the first Great Depression in the 1930s and went AGAIN with Keynes instead of Hayek in the Second Greater Depression of the 2010s?"
 

SlickWilly

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They will also but quite puzzled on a nation whose only plan for economic growth rested on the following 2 great hopes - low CPT and sodomising the minimum wage , where subsequent profits will have a minimum tax return.
They will also be reviewing the handywork of a finance minister who only got one thing correct ie when he said The Frogs wouldn't tolerate it. Indeed they would bring back a sharp instrument long since abolished to handle that government!
 

Iarmuid

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It depends on who wins - if it's the oligarchy, I think it will ensure it is painted as a lesson of woe with regard to self indulenge and lunacy embarked upon by the population but largely ignore the systemic corruption in Ireland and elsewhere and the transferance of odious private liabilities on to the backs of the population. Is not looking good unless many people start to wakeup and educate themselves, move beyond the populist crap they are divided by, and the meaningless attention sapping rubbish on the boob tube (turn it off).
 

SlickWilly

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As detailed in the UK press after Portugal and just before Spain, Belguim is next up and will probably be in the new weak Eurea currency.
Also the economic historians will be astonished at a country which freely opened up its labour market to hundreds of millions of new workers, while having a population at the time of the decision of under 4 million. Thus leading to substantial displacement of working class people, while these new workers were virtually completely denied access to so called professional jobs and save for a few nurses and dentists, were denied access to public sector jobs which turned out to be the rolls royce jobs, particularily for pen pushers and the working work-shy.
Yes, those future economic historians will be completely hairless considering the amount of body scratching they will have to engage in to try to make sense of this great little country and what our betters did to us!
 

SlickWilly

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They will also have issues with deliberately cutting an economy back by 20% while doing nothing to attack citizens' debt which to be realistic would need to be cut by 40% to keep pace!
 

controller

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There is bound to be a great book written on the mismanagement of the economy..
 

controller

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There might even be a chapter about CAB "recovering" assets
 

SlickWilly

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They will also connect our situation back to when wage rape was tried in earnset before this time, which was in The US during the oil crisis in the 70s, net result blue collar workers sodomised red raw, while their bosses were unaffected, though the wage gaps between such workers and their bosses were far less than is the case in Ireland 2010 to start with!
They will also be amused at us joining the weak Eurea, div 2 euro rather than sterling, as that would be rednecks losing face1
 


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