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	<title>Comments on: Party is over and we&#8217;re tidying up</title>
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		<title>By: Jonathan Hannon</title>
		<link>http://www.davidmcwilliams.ie/2010/01/24/party-is-over-and-were-tidying-up/comment-page-1#comment-71512</link>
		<dc:creator>Jonathan Hannon</dc:creator>
		<pubDate>Thu, 28 Jan 2010 15:06:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.davidmcwilliams.ie/?p=2121#comment-71512</guid>
		<description>Don&#039;t get me started on Bertie.  It gets me angry just to think about him.  I worked in finance for nearly 10 years.  Lots of Fianna fail supporters around me.  I argued against Bertie for years just to be called a blue shirt of a pinko.  People just laughed at me.  Now who&#039;s laughing.  I had everything during the tiger years and then I lost it all.  Its the best thing ever to happen to me.  Your right Ireland is full of idiots. Hang out on quay st in galway on a saturday and see al the weekenders with midd atlantic accents bull shitting their way around the city full of bravado, arrogance and mindlessness.  But there are many smart people around.  We just have to learn to value a different type of intelligence.  Remember the previous generations to now didn&#039;t get a free education and didn&#039;t have a chance to attend college.  This is passed onto some children.  People admire peter sutherland because he is so respected on the international front and is so educated.  But lets look at him from another point of view, he&#039;s the father of globalization, founded the WTO, chairman of goldman sachs and BP, head of vatican bank and received his MBA from a university founded and ran by opus dei.  Now analyze all these companies and what evil they have unleashed on the world.  He&#039;s also a bilderberger and a member of the trilateral commission.  More subversive and secretive groups.  And sutherland is held up on a pedestal in Ireland.  The twat Sindo social columnist barry egan calls him &quot;Irelands favorite banker&quot;.  But the point is that we lack confidence in ourselves in this country and look to &quot;respectable&quot; people to guide us, so yes a lot of idiots here. HELP</description>
		<content:encoded><![CDATA[<p>Don&#8217;t get me started on Bertie.  It gets me angry just to think about him.  I worked in finance for nearly 10 years.  Lots of Fianna fail supporters around me.  I argued against Bertie for years just to be called a blue shirt of a pinko.  People just laughed at me.  Now who&#8217;s laughing.  I had everything during the tiger years and then I lost it all.  Its the best thing ever to happen to me.  Your right Ireland is full of idiots. Hang out on quay st in galway on a saturday and see al the weekenders with midd atlantic accents bull shitting their way around the city full of bravado, arrogance and mindlessness.  But there are many smart people around.  We just have to learn to value a different type of intelligence.  Remember the previous generations to now didn&#8217;t get a free education and didn&#8217;t have a chance to attend college.  This is passed onto some children.  People admire peter sutherland because he is so respected on the international front and is so educated.  But lets look at him from another point of view, he&#8217;s the father of globalization, founded the WTO, chairman of goldman sachs and BP, head of vatican bank and received his MBA from a university founded and ran by opus dei.  Now analyze all these companies and what evil they have unleashed on the world.  He&#8217;s also a bilderberger and a member of the trilateral commission.  More subversive and secretive groups.  And sutherland is held up on a pedestal in Ireland.  The twat Sindo social columnist barry egan calls him &#8220;Irelands favorite banker&#8221;.  But the point is that we lack confidence in ourselves in this country and look to &#8220;respectable&#8221; people to guide us, so yes a lot of idiots here. HELP</p>
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		<title>By: coldblow</title>
		<link>http://www.davidmcwilliams.ie/2010/01/24/party-is-over-and-were-tidying-up/comment-page-1#comment-71398</link>
		<dc:creator>coldblow</dc:creator>
		<pubDate>Wed, 27 Jan 2010 12:01:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.davidmcwilliams.ie/?p=2121#comment-71398</guid>
		<description>Thanks G, that&#039;ll do for me.
By the way, I read your Chomsky links which were very interesting. I am still in two minds about him, though. It&#039;s hard in all the cacophony to hold onto anything really solid and reliable, harder still to fish out from the murky soup, as it were, other pieces to add to it to arrive at a meaningful picture...</description>
		<content:encoded><![CDATA[<p>Thanks G, that&#8217;ll do for me.<br />
By the way, I read your Chomsky links which were very interesting. I am still in two minds about him, though. It&#8217;s hard in all the cacophony to hold onto anything really solid and reliable, harder still to fish out from the murky soup, as it were, other pieces to add to it to arrive at a meaningful picture&#8230;</p>
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		<title>By: coldblow</title>
		<link>http://www.davidmcwilliams.ie/2010/01/24/party-is-over-and-were-tidying-up/comment-page-1#comment-71397</link>
		<dc:creator>coldblow</dc:creator>
		<pubDate>Wed, 27 Jan 2010 11:56:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.davidmcwilliams.ie/?p=2121#comment-71397</guid>
		<description>Tull
Yes, great comment. I was trying to work out something in my head like that. Any concrete examples of how this has worked out before, or are we in new territory here in your view?

Oh, just one other thing I&#039;ve been meaning to say. Why is it 25 they do be playing in your establishment and not 31 as elsewhere in &quot;South Kerry&quot;?!</description>
		<content:encoded><![CDATA[<p>Tull<br />
Yes, great comment. I was trying to work out something in my head like that. Any concrete examples of how this has worked out before, or are we in new territory here in your view?</p>
<p>Oh, just one other thing I&#8217;ve been meaning to say. Why is it 25 they do be playing in your establishment and not 31 as elsewhere in &#8220;South Kerry&#8221;?!</p>
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		<title>By: Sean_Kelly</title>
		<link>http://www.davidmcwilliams.ie/2010/01/24/party-is-over-and-were-tidying-up/comment-page-2#comment-71387</link>
		<dc:creator>Sean_Kelly</dc:creator>
		<pubDate>Wed, 27 Jan 2010 11:00:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.davidmcwilliams.ie/?p=2121#comment-71387</guid>
		<description>We need to discourage spending and lending and encourage saving.  One way of doing this is to increase interest rates.

Let the housing bubble collapse, taking the short term pain rather than longer term greater overall pain.

Have competing currencies to the Euro e.g. an Punt Nua and precious metals.

Deport Bono and tell him not to come back.

Sell bah bah Bertie to the circus, because he&#039;s a red nosed clown that should be laughed at.</description>
		<content:encoded><![CDATA[<p>We need to discourage spending and lending and encourage saving.  One way of doing this is to increase interest rates.</p>
<p>Let the housing bubble collapse, taking the short term pain rather than longer term greater overall pain.</p>
<p>Have competing currencies to the Euro e.g. an Punt Nua and precious metals.</p>
<p>Deport Bono and tell him not to come back.</p>
<p>Sell bah bah Bertie to the circus, because he&#8217;s a red nosed clown that should be laughed at.</p>
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		<title>By: Dilly</title>
		<link>http://www.davidmcwilliams.ie/2010/01/24/party-is-over-and-were-tidying-up/comment-page-2#comment-71386</link>
		<dc:creator>Dilly</dc:creator>
		<pubDate>Wed, 27 Jan 2010 08:43:06 +0000</pubDate>
		<guid isPermaLink="false">http://www.davidmcwilliams.ie/?p=2121#comment-71386</guid>
		<description>Sorry to hear about your friend.  

I recently spoke with a friend of mine who lives in Kentish Town. He said to me that the &quot;young irish faces are starting to appear in the local pubs&quot;.  Seeing these new Irish faces made him happy and sad, as it reminded him of all the young people who left home in the 80&#039;s, as he himself had to.</description>
		<content:encoded><![CDATA[<p>Sorry to hear about your friend.  </p>
<p>I recently spoke with a friend of mine who lives in Kentish Town. He said to me that the &#8220;young irish faces are starting to appear in the local pubs&#8221;.  Seeing these new Irish faces made him happy and sad, as it reminded him of all the young people who left home in the 80&#8242;s, as he himself had to.</p>
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		<title>By: Bamboo</title>
		<link>http://www.davidmcwilliams.ie/2010/01/24/party-is-over-and-were-tidying-up/comment-page-2#comment-71385</link>
		<dc:creator>Bamboo</dc:creator>
		<pubDate>Wed, 27 Jan 2010 01:52:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.davidmcwilliams.ie/?p=2121#comment-71385</guid>
		<description>Morning posters,

Below are some of the major suggestions sofar to go forward:. 

1. Become majority lender in an economy of people with assets you want.
2. Encourage indebtedness by loaning generously while securing on assets of interest.
3. Loosen lending standards until the assets you seek to capture are attached.
( this makes the economy debt dependent)
4. Once debts are significant for the bulk of the population, sharply tighten lending standards.
5. Backstop losses with public guarantees if possible. This is gravy if one can get it.
6. Permit default ‘without risk’ on the assets you wish to sieze to maximize wealth transfer.
( stall foreclosure, stay repossession orders etc)
7. Stall the economy to maximize default positions and deplete private liquidity.
8. Successively ratchet the economy downhill, while bettering secured positions.
9. In a series of large actions, sieze all security for default. Target the assets of greatest interest first.
(This deals a heavy economic blow and can help cause the ratcheting required for step 8.)
10. Transfer asset ownership, but retain prior owners as renters where possible.
(This reduces public lashback and helps maintain the asset for resale)
11. Once the bulk of assets of transferred, write them down to leverage the public financial backstop.
12. Buy up as many remaining assets on the cheap as possible. Hide this action.
13. Hyperinflate to destroy the external claims on wealth.
(This destroys treasuries, gov’t bonds, currency. Ensures free title on new assets. May cause war.)
14. Stabilize the currency or devise a new one, resume lending at a reasonable pace. Sell the assets back, secured of course, at your chosen price in new currency.

a decent burial for FF?

No more shopping in NYC. (not sure if this is a suggestion)

We need to apologize. Presumably not to Osama bin Laden. 

meitheal: trust and goodwill need to be established as the bottom line before we can rise again.

A Breton Woods style gold standard would bring about that confidence. A silver standard would be even better because it is ridiculously cheap right now 

promoting the idea of having an European University based in Dublin which could utilize the box developments already built

Bulldozing the houses is a bad idea. 

promote Ireland as a nice place to live – that includes zero tolerance on anti-social behavior.

1. The State must put the banks into bankruptcy proceedings.
2. Scrap NAMA. Force the creditors to the table.
3. Renegotiate debt and leave the Euro.
4. Proceed to stimulate inward investment in areas other than housing

Get rid of 90% of the quangos.

Get rid of the HSE, including bosses and their compensations, beemers and replace with (much cheaper) nuns.

Scrap the 1000 Euro fee 

Hold an election. new Gov to be elected every two years. 

Confiscate passports from Bono, Peter Sutherland, Denis O’Brien, The Three Amigos, Sir Anthony and all the other members of the ‘tax diaspora.</description>
		<content:encoded><![CDATA[<p>Morning posters,</p>
<p>Below are some of the major suggestions sofar to go forward:. </p>
<p>1. Become majority lender in an economy of people with assets you want.<br />
2. Encourage indebtedness by loaning generously while securing on assets of interest.<br />
3. Loosen lending standards until the assets you seek to capture are attached.<br />
( this makes the economy debt dependent)<br />
4. Once debts are significant for the bulk of the population, sharply tighten lending standards.<br />
5. Backstop losses with public guarantees if possible. This is gravy if one can get it.<br />
6. Permit default ‘without risk’ on the assets you wish to sieze to maximize wealth transfer.<br />
( stall foreclosure, stay repossession orders etc)<br />
7. Stall the economy to maximize default positions and deplete private liquidity.<br />
8. Successively ratchet the economy downhill, while bettering secured positions.<br />
9. In a series of large actions, sieze all security for default. Target the assets of greatest interest first.<br />
(This deals a heavy economic blow and can help cause the ratcheting required for step 8.)<br />
10. Transfer asset ownership, but retain prior owners as renters where possible.<br />
(This reduces public lashback and helps maintain the asset for resale)<br />
11. Once the bulk of assets of transferred, write them down to leverage the public financial backstop.<br />
12. Buy up as many remaining assets on the cheap as possible. Hide this action.<br />
13. Hyperinflate to destroy the external claims on wealth.<br />
(This destroys treasuries, gov’t bonds, currency. Ensures free title on new assets. May cause war.)<br />
14. Stabilize the currency or devise a new one, resume lending at a reasonable pace. Sell the assets back, secured of course, at your chosen price in new currency.</p>
<p>a decent burial for FF?</p>
<p>No more shopping in NYC. (not sure if this is a suggestion)</p>
<p>We need to apologize. Presumably not to Osama bin Laden. </p>
<p>meitheal: trust and goodwill need to be established as the bottom line before we can rise again.</p>
<p>A Breton Woods style gold standard would bring about that confidence. A silver standard would be even better because it is ridiculously cheap right now </p>
<p>promoting the idea of having an European University based in Dublin which could utilize the box developments already built</p>
<p>Bulldozing the houses is a bad idea. </p>
<p>promote Ireland as a nice place to live – that includes zero tolerance on anti-social behavior.</p>
<p>1. The State must put the banks into bankruptcy proceedings.<br />
2. Scrap NAMA. Force the creditors to the table.<br />
3. Renegotiate debt and leave the Euro.<br />
4. Proceed to stimulate inward investment in areas other than housing</p>
<p>Get rid of 90% of the quangos.</p>
<p>Get rid of the HSE, including bosses and their compensations, beemers and replace with (much cheaper) nuns.</p>
<p>Scrap the 1000 Euro fee </p>
<p>Hold an election. new Gov to be elected every two years. </p>
<p>Confiscate passports from Bono, Peter Sutherland, Denis O’Brien, The Three Amigos, Sir Anthony and all the other members of the ‘tax diaspora.</p>
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		<title>By: Tim</title>
		<link>http://www.davidmcwilliams.ie/2010/01/24/party-is-over-and-were-tidying-up/comment-page-2#comment-71384</link>
		<dc:creator>Tim</dc:creator>
		<pubDate>Wed, 27 Jan 2010 01:23:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.davidmcwilliams.ie/?p=2121#comment-71384</guid>
		<description>Have a look:

http://zenhabits.net/2010/01/the-reason-you%E2%80%99re-stuck/</description>
		<content:encoded><![CDATA[<p>Have a look:</p>
<p><a href="http://zenhabits.net/2010/01/the-reason-you%E2%80%99re-stuck/" rel="nofollow">http://zenhabits.net/2010/01/the-reason-you%E2%80%99re-stuck/</a></p>
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		<title>By: Bamboo</title>
		<link>http://www.davidmcwilliams.ie/2010/01/24/party-is-over-and-were-tidying-up/comment-page-2#comment-71383</link>
		<dc:creator>Bamboo</dc:creator>
		<pubDate>Wed, 27 Jan 2010 01:09:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.davidmcwilliams.ie/?p=2121#comment-71383</guid>
		<description>sorry to hear about your friend in London</description>
		<content:encoded><![CDATA[<p>sorry to hear about your friend in London</p>
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		<title>By: wills</title>
		<link>http://www.davidmcwilliams.ie/2010/01/24/party-is-over-and-were-tidying-up/comment-page-2#comment-71382</link>
		<dc:creator>wills</dc:creator>
		<pubDate>Wed, 27 Jan 2010 01:04:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.davidmcwilliams.ie/?p=2121#comment-71382</guid>
		<description>Andrew.

The human side of all of this is always been shoved to the side by this banking tyranny, we have to put humans back at the center.</description>
		<content:encoded><![CDATA[<p>Andrew.</p>
<p>The human side of all of this is always been shoved to the side by this banking tyranny, we have to put humans back at the center.</p>
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		<title>By: Tim</title>
		<link>http://www.davidmcwilliams.ie/2010/01/24/party-is-over-and-were-tidying-up/comment-page-2#comment-71381</link>
		<dc:creator>Tim</dc:creator>
		<pubDate>Wed, 27 Jan 2010 00:21:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.davidmcwilliams.ie/?p=2121#comment-71381</guid>
		<description>AndrewGMooney, thanks for great post, as usual and sorry about &quot;J&quot;.</description>
		<content:encoded><![CDATA[<p>AndrewGMooney, thanks for great post, as usual and sorry about &#8220;J&#8221;.</p>
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