July 2, 2017

You wouldn't think it, but Brexit is not the biggest threat to the Irish economy right now

Posted in Irish Independent · 151 comments ·
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What could be more damaging to the Irish economy — Brexit or the European Central Bank (ECB)?

 

This may seem an odd question, not least because we have been fretting about Brexit for a year now and have hardly heard a dickey bird from the ECB in ages.

 

But think about it, we don’t know how Brexit will affect us, particularly now as the Brits themselves don’t seem to know what type of Brexit they want, let alone what type of Brexit they are likely to get. But when it comes to interest rates, we can be under no doubt.

 

Any increases in interest rates could have a significant impact on Irish balance sheets because we are still a highly leveraged society.

 

It is with this in mind that the statement from Mario Draghi this week might be a cause for some concern. On Tuesday, the ECB president declared that “deflationary forces have been replaced by reflationary ones”.

 

The medium-term implication of this is that European rates might have to rise.

 

Personally, I don’t think they will rise by much, particularly as the Italian banking system is in a state of perilous fragility. But that said, the continental economy is beginning to emerge from a nearly decade-long slump during which the central bank slashed interest rates to avoid ubiquitous insolvency.

 

Now that the patient is convalescing, there may be higher inflation on the way — at least that’s what the ECB boss is warning us about.

 

Now, to assess what a rate rise or a series of them would do to the Irish balance sheet, we need to dig a bit. Forgive me if today’s article is a bit heavy on the numbers, but we need to crunch those numbers a bit to see what might happen.

 

The first thing we see when we look at the balance sheet is just how much debt Irish people have paid back over the past few years. The numbers are enormous and the comparison with the continental position is staggering.

 

In fact, they are so big that I suspect we may not be so much paying down debt as not paying it at all.

 

My hunch is that some of these figures reflect mass default that has gone on under the counter with banks doing deals with those canny enough to strike them or the banks simply being left with properties and loans that aren’t serviced at all. But nonetheless the figures are startling.

 

According to the latest national quarterly accounts, Irish households have reduced debt as a proportion of income more than any country in the European Union over the past four years, but we still remain the fourth most indebted in the EU.

 

Irish household debt has fallen from 194% of disposable income to 141% from Q4 2012 to Q4 2016.

 

This is an extraordinary achievement. It’s a decline of 52.9%.

 

Consider that the equivalent figure among other European countries is a tiny decline, just 3.3%. So Irish households have been paying back debt 18 times faster than our EU neighbours.

 

This is mass deleveraging on a monumental scale.

 

Clearly when you are paying back debt, you are not spending. Therefore, if many of us are not spending, who is? Someone is! If this were not the case, the economy would be contracting at great depression rates, but it’s not. In fact, the economy is growing rapidly.

 

This paradox means that the people who didn’t have debts are spending like crazy or those with debts are paying back and spending like mad. (Leave this conundrum with me, as I’ll come back to this oddity next week).

 

For now, let’s keep our eyes on the interest rate dilemma. Despite the massive recent effort to pay down debts, lots of Irish people are also borrowing again. And we are borrowing for housing, yet again.

 

Check out these figures for the first three months of this year. We are at it again but maybe we are being a bit more careful. Principal dwelling house (PDH) fixed-rate loans recorded a net increase of €615m over the quarter.

 

This means punters are getting worried about higher rates because floating-rate mortgages declined in net terms by €522m during Q1 2017.

 

There were declines across all categories including tracker mortgages (€384m) and standard variable-rate mortgages (€124m) which account for 39% and 43% of PDH mortgages respectively.

 

This means that punters are switching and trying to lock in today’s low rates for fear that rates will rise.

 

But still the overall picture is one of a society heavily in debt.

 

Household debt stood at €143.8bn in Q4 2016. Per capita, household debt stood at €30,199. But the big picture is one of a country still suffering the hangover of the boom. Household debt has declined every quarter since its peak of €203.7bn in Q3 2008 and has fallen by 29% since then.

 

Now let’s talk about interest rates and imagine what might happen if they were to go up.

 

As of Q1 2017, the average standard variable rate being serviced on was 3.75%.

This is down from 3.94% a year ago. This is a scandal given that banks are borrowing for free from the ECB and charging you the guts of 4%. The average rate on outstanding trackers is 1.03%.

 

Now imagine a 1% increase in the ECB rate.

 

Because rates are historically low, a relatively small 1% rise would have a big absolute effect.

 

A 1% increase on a variable rate of 4% would imply a 20% real increase from 4% to 5%.

 

For trackers, moving from 1% to 2% means that the borrower would experience a doubling in rates paid.

 

With the country still heavily indebted, it’s not difficult to see how the ECB is a more immediate threat to prosperity than Brexit, but you’d never think that listening to all the chatter that’s clogging the airwaves.


  1. Deco

    The ECB always was the greatest threat to the Irish economy. Like a drug pusher is the greatest threat to the health of people in an area.

    And ECB’s purpose is to regulate Ponzi-economics. It’s tool is loose monetary policy.

    The problem is not that the ECB will raise interest rates. The problem is that the ECB encourages malinvestment via lower interest rates, which destabilize the asset markets and cause asset prices to be overpriced.

    One only has to look at the asking prices of real estate in SECD (South East County Dublin), to see the confluence of institutional Ireland price gouing the rest of society, and asset price overextension combined again.

    Given Irish direct labour taxes, and indirect taxes, these assets are priced very heavily.

    This is indicative of a massive misallocation of resources again.

    And for the ECB is not merely history repeated itself. It is also a double intervention. Because the ECB ensured that the institutional state got buy in for the bailout regime, by not messing with the largesse of the institutional state. The odd thing about the IMF, is that the IMF were always marginalized in the Troika. Two thirds of the Troika was nEU imperial.

    And those two thirds were supporting the political garrison institutional state complex – who in return were supporting nEU imperial power.

    It was obvious that the Irish economy was never reformed. It was simply re-ponzified. Borrowing moved to the public sector. In fact there was even borrowing on the public sector to facilitate debt write downs of the politically favoured, and sales to vulture fund investors with strong political connections both in the US, and in the institutional state here.

    Ireland might be a great country for a certain form of business (Las Vegas on the Liffey) but for (private sector) working stiffs it is a rigged game. With TASC, FF, and the “Labour” party all vying to be the back seat driver in whatever counts as local government (which anyway is turning into a rubber stamp for Brussels, on matters that are outside the scope of favourtism, and market rigging).

    And it is interesting to hear of debt write downs. The ever tigerish Catherine Murphy has been raising these relentlessly in the Dail. I just hope that she did not steal any apples in any orchards as a kid, otherwise we will hear about it, in the most horrific script writing ever seen.

    The problem for the ECB is that it has to do something to be seen to be fighting inflation, whilst it runs a regime of Ponzi-economics to favour the well connected.

    And it is clear that debt levels are too high, therefore there is a massive correction in the works due to unsustainable debt.

    Therefore the ECB WILL raise interest rates, so that it can lower them when there is a crisis.

    James Rickards has highlighted how the US Fed are in the process of doing the same.

    Ireland will probably cope with the ECB this time. A Tech sector crash is an entirely different matter. Spain might cope. Portugal probably will not. In fact I expect Portugal to stick it to the ECB, rather than accept a lecture. And Italy is highly vulnerable – and has a clown waiting to take over the government. France has a massive internal capital misallocation problem, which has occurred for decades – and which will be made worse by another centralizer running the government.

    As usual the important firms in Paris and Frankfurt will get “advance notice”. But even that might not save the Frankfurt bank that Renzi called Monte Passchi multipled by a factor of 100.

    It is the unknowns that are going to cause the problem.

    2008 showed us that highly regulated firms, can be caught out when a Ponzi-scheme falls apart. Policy since then has been to ensure that the Ponzi-scheme is always liquid.

    This is not good policy. Had Madoff a seat on a central bank, his funds would never have unravelled. That is the nature of bad central banking.

    • Grzegorz Kolodziej

      “The problem is not that the ECB will raise interest rates. The problem is that the ECB encourages malinvestment via lower interest rates, which destabilize the asset markets and cause asset prices to be overpriced.”

      This (malinvestment) is exactly the problem – as explained previously by F.Hayek, who advocated the idea that malinvestment occurs due to the combination of fractional reserve banking and artificially low interest rates misleading relative price signals which eventually necessitate a corrective contraction—a boom followed by a bust.

      But where did the ECB’s idea of the low interest rates come from?
      When the financial crisis started in the US, initially the EU expressed a Schadenfreude. But when the first QE programs started and they could see how much money can be stolen on its implementation by the EU mandarins.

      The main thief among Europe’s banks is the Nazi Deutsche Bank. Not only was the Nazi Deutsche Bank involved in a major tax fraud deal with CO2 emission certificates.

      The only reason that the employees of the Nazi Deutsche Bank were convicted, and not the Nazi Deutsche Bank, was because Germany is Europe’s prime destination for money laundering thanks to absence of corporate liability laws in this fascist country – as this absence allows German corporations to siphon money out of the EU countries, and was one of the reasons for the Greek crisis – apart from Greeks own stupidity (this is apart from the Nazi Deutsche Bank laundering $10 billion out of Russia).

      The then economically sound Swiss president of Nazi Deutsche Bank was opposed to QE (because he saw what it will lead to) and rates lowering, so they changed him into a new, German president. But it went further than that: the Nazi Deutsche Bank engaged in covert espionage on its critics, and had prepared a list of names of 20 people to investigate for criticism of the bank (such as Michael Bohndorf (an activist investor in the bank), Leo Kirch (a former media executive in litigation with bank) and the Munich law firm of Bub Gauweiler & Partner. This is apart from the wire scandal, to which the Nazi Deutsche Bank pleaded guilty.

      Not bad for a Nazi bank, whose power was built on profits gained from “investing” in Auschwitz that the Nazi Deutsche Bank had built, plus gold stolen from teeth golden fillings of Poles, Jews and other nationals, which were then repatriated back to Western Germany from Switzerland after WWII, and which now constitutes a large part of the Nazi Deutsche Bank gold bars: which leads me to conclusion that the Deutsche Bank is not a bank, but rather a terrorist organisation.

      So the purpose of QE/rates lowering was to raise the prices of the debt instruments on the Deutsche Banks’ books in Europe, and of Bank of Englands’ books (these are most leveraged). If you have those bogus mortgage derivatives, and you hit and insolvent, ECB and Bank of England can fix that by driving the interest rates to zero.

      This is where I remain sceptical about post-Brexit reforms: the only think that England has managed economically since Brexit referendum was to keep the British financial sector competitive by halving its costs (halving its interest rates), in order to keeo the British rentier culture going (sustaining property bubble is one of its aspects) – at the cost of plummeting the pound.

      But

      Why are the interest rising now? Now when the banks had been bailed out, the main currencies are a worry (dollar, euro, and the British pound). So all central banks: FED, Bank of England, ECB, the Swiss central banks and the Chinese central bank (but of course, China does it for their own reasons) are doing the same thing: printing money (to compensate for the puny interest rates rise); while selling naked shorts on the gold market.

      That way there is no price discovery on the currencies and gold markets.

      “Dream delivers us to dream, and there is no end to illusion. Life is like a train of moods like a string of beads, and, as we pass through them, they prove to be many-colored lenses which paint the world their own hue”
      ? Ralph Waldo Emerson on quantitative easing ;-)

      2 Corinthians 10:5 ESV.

      “We destroy arguments and every lofty opinion raised against the knowledge of God, and take every thought captive to obey Christ”

      ..II..
      ==II==
      ..II..
      ..II..

      • Deco

        Exactly. Malinvestment in abundance, and all sorts of ugly consequences.

        Trichet mess the entire banking system, during his tenure in the ECB. And the wrecking that he caused has still not been fixed.

        • Grzegorz Kolodziej

          However, Trichet would not have been allowed to take chair the ECB if he wasn’t given a green light from Dr Wolfgang Schäuble. ECB is simply an extension of the Deutsche Bundesbank (and thus of the Nazi Deutsche Bank), with France allowed to screw the rest of Europe with CAP in return for the German hope of taking over their nuclear arsenal one day.

          http://www.telegraph.co.uk/news/2017/02/09/merkel-forced-deny-germany-planning-lead-european-nuclear-superpower/

          “I don’t believe in any information that was not denied” – Alexander Gorchakov, Tsarist minister.

          The fact that they are only an extension of German decision making centre is one of the reasons why Poland decided not to join the euro.

        • Grzegorz Kolodziej

          Within a framework of internal polemic (a voice dissenting to my own above), I’m introducing an opinion I read on one of Polish political blogs similar to ours:

          “The longer I live in Germany, the more I admire France. The French diplomacy, their ruling elites were almost always able to achieve more than it would follow from France’s potential. Germany – the other way round.

          The highlight of the French diplomatic skills was pupating from Hitler’s collobarator into a winning anti-Hitler empire, Germany’s Great Conqueror ;-) (other thing is that this was in the interest of the true winners, so they were lucky).
          The whole history of the EEA/EU is a skillful streak of France steering it to suit its needs.
          A few days ago France succeeded to make German agree on a special fund to help solve the French unemployment problem, which unemployment practically does not exist in Germany, and it is shocking in France and other PIGS. This fund will receive 6bn euro and will make France a netto beneficient again. This is what the EU solidarity is all about: to spread the cost on someone else’s back. At the same time, France doesn’t allow the EU to interfere in its internal affairs (i.e., look at the Holland’s statement).
          It won’t even cross the French mind to reform their economy, reduce debt, save, lower their pensions, and increase the retirement age. Why? Sure it’s enough that other EU countries have done that.

          Germany lag behind France’s diplomacy, which has been shaped for century. while German were – until 19th century – an amalgamat of conflicted Duches and Principalities. And – what’s even more important – other EU countries are bending under the burden of accusations, while France walks with a backbone erect like a candle, swelling chest, and pointed, accusing finger”.

          So this was a very powerful comment of some guy called Andrzej.

          But but but

          The Polish blogger does not – like our Deco – take into account that Germany might have been ALLOWING France to behave like that, because they hope to take over French nuclear weapons – under the umbrella of the EU army.
          And who will fuck with them after that?

      • terryhewett

        Germany has physically repatriated much of their gold reserves from the US: insurance?

        • Grzegorz Kolodziej

          only part of it: 300 tonnes of its 1,500 tons of gold from the US in 2013, less than they repatriated from France (then 85t in 2014; 99.5t in 2015; and 200t in 2016t). So maybe t h a t (apart from “repatriation” of French nuclear weapons – after all, German and other EU taxpayers paid for it, tolerating CAP) was the price of Germany allowing the French frolics?

          Btw – few people know that after Gordon Brown sold all Britains gold, the 120 or something tons that the Bank of England has left is… the Polish gold that is partly kept in London, and partly in the US: apart from the Polish gold stolen by Germany and kept there (as Austria also holds their gold in London, we can proclaim most of that gold as gone)! So when the Polish government probed the Bank of England if they can have it back, they said no. “Why not?” “Because that’s all our gold”.

          But

          Germany has repatriated or made use all the gold from Switzerland they had stolen during WWII. For instance, the Nazi Deutsche Bank bought 4.4 tons of gold from Reichstag, including 744kg of golden fillings from German Nazi death camps in occupied Poland, golden rings and jewellery gathered by SS-man Bruno Melmer. They repatriated that after WWII allright…

          Now I have to say something in favour of Germans: due to their experience with hyperinflation (Poland has a similar one in the 1980s, and Hungary in the 1940s) they have a more sound approach to debt than the Irish, the English or the Americans – who didn’t experience hyperinflation.

          Save our Swiss Gold motion was a citizen movement that called for the central bank to hold at least 20 percent of its assets in gold, prohibit selling any gold in future and bring all its reserve of gold back in the country; unfortunately the referendum was lost: democracy does not always work; that’s why I am now revising my initial plan to breed David McWilliams into the President of Ireland into a new cunning plan: convert him to the Austrian school of economics, convert him to Christianity, and then make him an enlightened dictator of Ireland: the Irish response to gen. Pinochet. I can be his Martin Bormann minus evil,

  2. Deco

    Ireland’s private sector debt level has decreased. But Ireland’s public sector debt level is out of control. And the institutional state’s approach to this topic is to ensure that the largesse is never threatened with any form of introspection.

  3. Truthist

    APROPOS OF :

    Our heh-heh-heh-heh-heh Public Service delivered by what in the main are Civil SERPENTS [ That is what they are if u are "poor + decent" ; Of course, if u are of the right connections, this is not so ]
    .
    Distribution of alms to the jobless [ NOTE ; They are not unemployed. But, rather employed to be in queues & other destructive experiences that justify cozy shops for Civil Serpents, & Quangos, & Professional Class in-the-loop, & other Spivs & Spiveens
    .
    Payments to the international Banksters
    .
    inter alia

    1.
    WHAT, & HOW MUCH [ % or Flat-Amount or Sliding-Amount ], TO TAX ?
    .
    1.1
    directly
    1.1.1
    income tax
    .
    …………………………
    .
    1.2
    indirectly

    1.2.1
    VAT
    .
    1.2.2
    Customs
    .
    1.2.3
    Excise
    .
    1.2.4
    Fees
    .
    1.2.5
    Public service charges
    .
    e.g.s
    .
    An Post’s postage stamp
    .
    ESB’s standing charge
    .
    TV License … 8-)
    .
    Passports ;
    Per this enquiry ;
    Only for :
    ordinary folk
    ordinary decent criminals
    NOT Saudi Arabian Princes & other EXTRAordinary Indecent Criminals
    Ref.
    http://www.independent.ie/business/irish/haugheys-lunch-date-with-bin-ladens-brotherinlaw-26251059.html
    .
    Institutes of Technologies student application fees
    .
    inter alia
    .
    ………………………………………………….
    .
    WHAT NOT TO TAX ?

  4. Mike Lucey

    Well said Deco and so true. The tinkering will only go so far and buy only so much time. I think this year or next will see the introduction of a totally new monetary system but I don’t hold out too much hope that it will favour the ordinary man and woman.

    • Deco

      Come to think of it the current system does not favour the ordinary man or woman either.

      Though, I do see what you are saying.

      Any new system is likely to be even less favourable, and more controlling. And more skewed in favour of large asset holders.

  5. Brexit ain’t going to happen. Subscribe from lovely Holyhead in Wales.

    • SMOKEY

      Adam, Adam, Adam, Adam, Adam, Adam. Too much sun before arriving in Wales perhaps?

    • It’s happening. If it’s thwarted, it’s the opening skirmish of a C21st English Civil War.

      “the Brits themselves don’t seem to know what type of Brexit they want, let alone what type of Brexit they are likely to get.”

      Nonsense!

      Brexit means Brexit which means we exit from the European Union. Why is that so hard to accept, David? The Remainiac attempt to derail it in the House Of Commons failed dismally last week, yet another chump, Chukka Umunna, fell flat on his arse. Either Corbyn sacks him or we’ll sack Corbyn.

      Theresa May doesn’t own Brexit, nor does Jeremy Corbyn. We The People do and anyone who wants to stop Brexit: “come ‘n ave a go if u fink ur hard enough!”

      I saw a ludicrous link on my FB page today from The Remainiac Bible aka: The Guardian.

      This, presumably, is from the same psephology clowns who gave Dave Cameron the batty idea from their erroneous polling that it was safe to have a Leave/Remain referendum which would:

      a) expose them as even more clownish for their ‘exit polls’ on that fateful night

      b) failed to predict Trumpism

      c) failed to predict Theresa May’s electoral meltdown

      & so on & so forth.

      David Cameron & George Osborne will go down in history as the men who destroyed the EU alongside Angela Merkel. They will also be remembered as being responsible for triggering the dissolution of the UK which is inevitable if the Remainiac Ruling Establishment Class which infests the House of Common Whores & Lord Fraudz succeeds in banjaxing Brexit thus triggering the opening skirmishes of the C21st English Civil War.

      Once people realise The Lisbon Treaty was/is a fait accompli & that there is no possible way the UK can now ‘leave’ the EU without collapsing it once the CAP budget requires new taxes from the Finns, Germans & Danes to keep French Farmers in the style to which they have become accustomed, then it’s game over. It will either be the opening rumbles of another European ‘World War’ in a few decades or my preferred option of a ‘dynamic healing crisis’ whereby the current corrupt iteration of the EU is dissolved, Juncker & Merkel are dispatched to a permanent dimension of pain, joining Cameron & Osborne in the hall of shame and a Neu Europa that’s fit for purpose for the C21st comes into being from the ashes of Brexit/Grexit and all the other Exits that are now seemingly inevitable.

      You won’t read this analysis in the mainstream media because they are utterly ridiculous PPE-ist trash who have invested their entire modus operandi & psychological security in a doomed political project. There is no such thing as ‘EU citizenship’ unless there is a Federal Europe with common taxation and redistribution along the lines of the United States of America. Now, that’s a fine aspiration but the EU really should have put it clearly & plainly to the citizens and subjects of the 28 countries whose Nation States they regard as atavistic irritants to be subtly & deviously bypassed via treacheries like The Lisbon Treaty. Thankfully for those of us who believe in open society, transparency, democracy and the rule of law, Brexit is now poised to blow the entire corrupt edifice of the EU to smithereens.

      The European Union is not Europa even if it’s architects, ambassadors & political media fluffers have deluded themselves into thinking their plan to dissolve the Nation States of Europe was a done deal. If that’s what they want they should present it as a referendum choice to the citizens of each of the 27 remaining hostages to their Brussels Bankster Regime.

      #StickItUpYaJumperJuncker!

      And yes, I have one foot on this island & one on the island of Ireland. I can switch software and analyse this as a Plastic Paddy and when I do so it’s obvs to me that IRExit is inevitable or Authentic Ireland-island-based Paddy is gonna be fcUK’up the arse, not by da Britz but by Merkel or her successor. I keep telling ye, get into bed with Germany & that porno always ends in arsch-destroying anal, which is what successive Taoiseachs seem to enjoy. Best not say that about Leo The Gay or I’ll be in real trouble…LOL!

      Poll finds that 60% of Britons want to keep their EU citizenship

      https://www.theguardian.com/politics/2017/jul/01/poll-european-eu-rights-brexit

      ps: Adam, LLandudno has a magnificent Victorian promenade and the sea-trip around the headland is fantastic!

      • For anyone who is still delusional: Wake up & smell the coffee. Jeremy Corbyn has after I warned him he’d get a metaphorical kicking on the North Bank if he fluffs Brussels like the rest of the House of Common Whores & Lord Fraudz have done since the early 70s. Kind of funny to watch aul eejits like Heseltine, Blair, Brown, Osborne, Cameron and the rest of the political class of my lifetime watching the bonfire of the vanity project which is the EUropean Union. Just back from Dusseldorf for Le Grand Depart of the TDF 2017. Now my ‘gallant European allies’ take me seriously and realise I’m not just some B10 BrummieBoy BCFC Zulu pyromaniac but the cleverest man in Europa. Anyone here care to argue….? LOL!

        As for that wee nippy Sturgeon, she can jog on, joining Fintan O’Foole in his Celtic Axis of Eejitry. Girl, bye!

        ‘Where does Sturgeon go, now Corbyn says Brexit means Brexit?’ Brian Monteith ‘The Scotsman’

        Read more at: http://www.scotsman.com/news/opinion/brian-monteith-where-does-sturgeon-go-now-corbyn-says-brexit-means-brexit-1-4492880

        http://www.scotsman.com/news/opinion/brian-monteith-where-does-sturgeon-go-now-corbyn-says-brexit-means-brexit-1-4492880

        • Tell it like it is AGM

          Brexit has nothing to do with pay packets but everything to do with independence from the autocratic EU step the globalized one world government.

          Now if only they would get rid of central banking and fractional reserve debt based money supply , we would be evolving to a prosperous future.

          217 Trillion in world debt, will destroy us all Brexit or not. governments need to issue money debt free from treasury and to remove the legal tender laws

  6. Grzegorz Kolodziej

    There are still some decent and intelligent people left in Ireland:

    https://www.youtube.com/watch?v=xjaOx4bej6Y&t=11s

    Good channel anyway. For example, watch this:

    https://www.youtube.com/watch?v=EqxSBrk2cEE

  7. michaelcoughlan

    Dathi, dathi, dathi,

    Talk of interest rates and NO TALK of the out of control derivatives market?

    Tut tut.

    • Grzegorz Kolodziej

      The out of control derivatives market is not out of control inasmuch (i.e. in England) it is, on foot of the 19 December 2012 Financial Services Act, controlled by the UK Financial Conduct Authority, which is part of a new regulatory structure consisting of the Bank of England’s Financial Policy Committee, the Prudential Regulation Authority and the Financial Conduct Authority.

      Their policies (since Mr Blair and even more so since Mr David Cameron) go towards regulating the derivatives and other markets, but TOWARDS SUSTAINING the property/stock market bubbles.

      No regulation would mean less bubble, as there would be no market distorion and the interest rates would naturally skyrocket to reflect the plummeting pound; thus increasing the incentive for saving and decreasing the incentive for property/stock market/derivatives speculation (savings = investment; thus the capital would simply invest in production instead.

      Hence my scepticism of Brexit – what you might have taken as criticism of Brexit, which is not as much a criticism of the actual Brexit VOTE, but rather it is a criticism of the lack pro-free market measures taken by the Conservative government since Brexit, other than further pumping the property/stock market bubble by QE and halving of Bank of England’s interest rates by Mr Mark Carney, who pumped up a property bubble everywhere he went.

      I’ve always said on this blog that it is not the Brexit itself that will matter, but what Britain does p o s t Brexit; and that the Brexit vote consisted of two groups of people with opposite wishes and different strate of the British society:

      1. Brexit = less immigration (of any kind) = more socialism/more trade unions/higher minimum wage/protectionism
      2. Brexit = controlled immigration, suited to employers needs = more free market = lower tarrifs with the rest of the world = no minimum wage

      UKiP itself were divided on that.

      (I’m dropping out of my analysis the Pakis and Hindus who voted for Brexit for yet another reason: less EU immigration = more immigration from Asia).

      Option 1 will result in Britain becoming a giant Greece, option 2 will result in Britain becoming a giant Singapore.

      So far, Britain pursues neither option, because it has not implemented any reforms apart from halving the financial cost for speculators, which is an anti-reform.

      In fact, Brexit has failed spectacularly on its outside the EU trade promise: India said they will be no trade deal with the UK before there is a trade deal with the EU.
      Why? Because Britain has not done any free-market reforms.

      And btw – I was right that Britain will not be able to retain the access to the single market on any other terms than Norwegian (meaning: retaining four freedoms), and everyone else – a) David McWilliams, b) Peter Hitchens, c) UKiP, d) PM May – were wrong.

      And I reminded this to b) and c), and they had nothing to answer, tacitly admitting that I was right and they were wrong.

      • michaelcoughlan

        Hi,

        A very long winded response which confused me.

        Here is my response in a nut shell;

        The property and stock markets are being kept inflated to save the derivatives market from blowing up.

        Michael.

        • Grzegorz Kolodziej

          I think you hit the nail, Michael. My point was to show that far from being unregulated, the derivatives market in England is actually purposely regulated – as it is everything else – towards facilitating that said inflation of property and stock markets.
          The property and stock markets are the bottom of the pyramid scheme, the derivatives are the top – and the 3 regulatory bodies:
          1. Bank of England’s Financial Policy Committee, 2. the Prudential Regulation Authority and
          3. the Financial Conduct Authority

          are propping the pyramid.

          And who did that? John Maynard Keynes got resurrected and did that? No – the Conservatives did that. David Cameron did that. Theresa May was in power then too.

          I myself sympathised with them in the past (even worked for a Conservative MEP in 1990s, researching for a Conservative Party report).

          I believed that there are against indebtness.
          I was naive.

          Now I know that the only difference between Labour and Conservatives in England is:
          Labour = more public debt
          Conservatives = more private debt

          • Your time span is too recent. The bankers have been manipulating the rulers, royalty or democratic government for 500 years or more. The governance sets regulators to prevent fraud. The regulators habitually look the other way when convenient.
            Today although the markets are regulated nothing is investigated or enforced. Nobody goes to jail. The taxpayers are force to pay the piper.
            Corrupt practices go unrestrained and the rip off of the people continues at an ever increasing pace.
            Bankers rule the roost and their sycophants grow wealthy, the rest poorer.
            The final event that allowed untrammeled abuse of the economy was the elimination of the backing of gold for the US dollar. As all other currencies were priced according to the US dollar all currencies were simultaneously without any restriction of how much money could be produced.
            As money was issued into existence as a debt it means that since 1971 the world is swamped with a huge amount of new money that at the same time swamped to world with debt.
            The pace of new debt based money production quickens with each successive year. It is now exponential.
            All exponential graphs show a crash as the result of the forces of nature.
            In this case the payments on the debts will not be sustainable. The imposition of leverage in the order of up to three hundred to one ensures that a mere crack in the debt superstructure will collapse the derivative edifice and that will bring down the economy with it.
            The regulators now know that were they to try to enforce any aspect of the regulations the house of cards will collapse.
            While they used to have a choice of turning a blind eye they no longer do have a choice at all.
            If the regulators move to enforce anything they will be blamed as the cause of the imminent catastrophe.

          • Grzegorz Kolodziej

            “Today although the markets are regulated nothing is investigated or enforced. Nobody goes to jail. The taxpayers are force to pay the piper.” – that’s the difference though, that’s why I would stick to my timespan. In the Great Depression, you had plenty of bankers jumping off the buildings. Why?
            1. They knew they’ll be no bailout.
            2. Those days, people had sense of shame.

            When it comes to the UK, it was not really until Messrs Blair and Cameron that London became world’s centre for money laundering (though with heavy competitors in Frankfurt and NY).

            “The governance sets regulators to prevent fraud. The regulators habitually look the other way when convenient.” – yes, but I think there is a big difference between government regulators set to prevent fraud and not doing so, and government regulators set to generate fraud (QE or central banks buying naked gold short is that kind of fraud – and that wasn’t happening before: there’s always been fraud with gold money debasement, but not this).

  8. THRASHTHENEWS12

    Irish household debt has fallen from 194% of disposable income to 141% from Q4 2012 to Q4 2016.

    This is mainly because once again it is government policy, to inflate away debt by infalting the housing market! 500,000 people in Ireland have tracker mortgages, when rates are supressed from the average of near 3% to 0 this stimulates our Economy more than any other in Europe! The price recovery in the housing market as opposed to the housing market recovery( big diffrence) is an illusion of debt relief and wealth increase! Another major, global recession and a normalization of rates will wipe out that illusion of debt recovery

  9. London is dead, the signs of corruption and decay were evident ever since the Norman Toraigh bandits tried to stop HS2 having had the cheek to gorge on HS1 linking them to Europa with their fake European Cultural appropriations. And then there’s Cross-rail whilst the rest of the UK is starved of infrastructure investment.

    Northern Powerhouse? Midlands Engine? Marketing buzzwords with no back-up. I keep telling people that Europe cannot be built on the broken backs of the ex-working classes of Greece and the UK…but nobody’s listening.

    Brexit is about 4 decades of betrayals of the rest of the UK by London. Young people should tell the UK government to stick their 6% interest rate on Usury Student Loans up their arses & move to Brussels, Copenhagen, Dusseldorf, Rotterdam, Stockholm, Dublin-anywhere other than the over-priced cultural graveyard that is London Town….

    Once Juncker & The Monster of Berlaymont have their testicles singed by David Davis we should see the ‘dynamic healing crisis’ in Europa which will return it to the dreamscape of TEE, cultural inter-connectivity & solidarity which were the vision-thing of visionaries like Ralf Hutter and myself in the 1970s. Is it cheeky to compare myself to Mr Hutter? No, it’s just appropriate. But he is coming from the collapse of German Culture under the Nazis whereas I am coming from the bombardment of Birmingham by the Nazis. His ‘modernity fetish’ has a fatal flaw which any reasonably conceptual Englishman spots immediately. Of course, only i’ve spotted it because I am the only real Conceptual Englishman around. When I step on stage next year after demolishing Theresa May in the IICSA Child Abuse Inquiry this will all be crystal clear. But for now, feel free to dismiss it as just another crazy person ranting on th Internet. Because that’s what i want you all to do…..for now…..laters!

    ps: Ditto Dublin, but where does young Paddy go now? Belfast, which will soon boom in many different ways……

    ‘London’s housing crisis and how to stop the young leaving’ Olivia Utley

    https://reaction.life/londons-housing-crisis-stop-young-leaving/

    • & yes, that means the EU accepting young Brits as refugees/asylum seekers. If their ‘EUropean ideal’ means anything beyond robbing the British pocket to keep the CAP scam going: prove it!

    • Grzegorz Kolodziej

      “But he is coming from the collapse of German Culture under the Nazis whereas I am coming from the bombardment of Birmingham by the Nazis.”
      //////
      +1
      and
      +1
      ________
      = +2

    • michaelcoughlan

      “Brexit is about 4 decades of betrayal of the rest of the uk by london”

      Sooooo true. Pure poetry.

      Ireland is even worse correctly described as the “sow that eats its farrow”.

  10. Grzegorz Kolodziej

    Pew statistic for freedom of speech in the world:

    Poland: second place; way ahead of the UK.
    Germany: behind countries like – Venezuela, Peru, Tanzania – and just a little bit higher than Kenya and Israel (these two were estimated the same – though I read Haaretz and they always hammer their own government; Haaretz has a greater freedom of speech than The Anti-Irish Times).
    My country, Ireland (plenty of raised brows now) was not included in the survey: maybe her media were not significant enough. That’s not true – David McWilliams’ blog is significant, and it is the only blog outside of eastern Europe with full freedom of speech: no such blog exists in the UK for example, though at least in the UK they don’t arrest you for anti-government comments on social media. Yet.
    Pakistani media were, btw, estimated as the third least free in the world (Senegali the least free – but this was skewed by the fact that China was not in the survey – they didn’t even agree to be surveyed :-), but from my friends experiences in China I can tell you – their current censorship matches that of Nazi Germany). Surprisingly Ukrainian media are the fourth least free (yea, I can believe that); and Russian in the bottom 10, along with Turkish (I can believe that too: sure I watch them sometimes; I even saw a Polish journalist being… punched by a TV presenter in the Russian mainstream media!).

    Pity that smaller countries were not included – I watch Austrian media and I have to say the debates in them are real, and their level is good (compared to the Irish media, I’d it’d be like to compare the beauty of Oscar Wilde’s prose to Michael D.Higgins’s speeches, which have a beauty of bear’s face ring – if you know what I mean, but you probably don’t – as I heard that in the North of England and its probably a local saying).

    Spanish, Argentinian and Mexican were estimated as more free than in the UK (not only I believe that, but I often experienced that – i.e. in the Daily Mail; one of their E n g l i s h readers even complained that he – and I can assure that there was no vulgarism or hate-speech in his comment – was censored f o u r times in a row).

    • terryhewett

      Much of the text in the MSM is now generated and sourced by computer generated journalism software. Once an error is in the system it gets transmitted to all the news outlets regardless of veracity. I was researching aspects of space propulsion last year and 18 articles were inaccurate in respect to funding and only 1 got it right: algorithms had abstracted an error in the first article to the other 18: no human thought it necessary to check or test the accuracy of the original account.

      • michaelcoughlan

        “No human thought is necessary to check the accuracy of the original account”

        Because the cunts who run the joint want to be first to press which is more important.

        Take the 140 odd tower blocks failing fire checks sfter grenfell. 100% failure rate. I bet the cunts making the decision knew the fire risk would rise, got an acturary to work out the increase in insurance cost and the premium was a lot cheaper than putting in the right cladding.

        Knock on effect; 80 souls lost.

        Like the banks the more you protect the cortuption the safer you are in your job.

        • Grzegorz Kolodziej

          Michael,
          Not knowing even 1/10 of what you know about building work, it makes perfect sense what you wrote.
          But I’m sad and angry that, as predicted by Deco, the Dublin City Council has just used this tragedy to block the development of Dublin’s highest building near Tara station (that was supposed to be 30 from higher than the Liberty Hall). The second reason they gave was that it would be visible in other parts of the city, such as near Grafton St or Trinity College, thus spoiling a view.
          Honestly, do you know anyone who gives a f…k about the view from Nassau St, if high building was to help solving Dublin’s housing crisis?

        • Grzegorz Kolodziej

          30 metres higher than the Liberty Hall.
          Btw – if they care about the aesthetics so much, what about those slums along the Liffey?
          Apparently some Georgian Society was also against it.
          It was only one building anyway. Jesus.

      • Grzegorz Kolodziej

        TERRY,

        space propulsion?! That’s a fascinating topic!

        Personally, I believe that the nearest future in outer space belongs to compact fusion rockets (I’m not a great believer in ion drive except when time is no limit – they would require chemical rockets to generate thrust for lift-off anyway, and are very limited in energy harvesting). I know that there is a Polish chap called Michal Paluszek (one of many victims of brain-drain) who works on the next step to ITER, which generates hundreds of megawatts of power, but it is too heavy to be send into outer space on man-manned missions. His project would cost NASA $20m instead of $20bn that his competitors projects would cost, using low-frequency radio waves to heat a mix of deuterium and helium-3, and magnetic fields to confine the resulting plasma in a ring – but it will be very light. He aims for speed of 55.9 million mph (25,000 km/second).

        The reason I heard about him was because my former pragmatic logic Professor also worked at Princeton, and he told me about Michal.

        The problem with verifying the accuracy of articles by using algorithms is that while this would work in things like astronomy, it is almost impossible to do it in social science, philosophy and even – to a lesser extent – history (maybe because it is easier to verify some historical statements than, say, sociological, Germany do not allow foreign media to present true history when their money/geopolitics is involved).

        The problem of verification in social science, philosophy or just different worldviews was very well expressed by Ludwig Wittgenstein (who, incidentally, also worked on propulsion: in 1911, he designed and patented a propeller with small jet engines on the end of its blades; and then turned into logic and religion):

        these statements would have to be tested against the background
        a g a i n s t which we come to know other things; he compares this background to the bed of a river: the river bed provides the context, in which claims to know various things have meaning; but itself is not something we can know or doubt. However, unusual circumstances can occur and what was part of the river bed can shift and become part of the river.

        Hence, i.e., the Russians initially experimented with troll-robots, but they weren’t very effective, so they came up with this:

        http://www.dailymail.co.uk/news/article-3840816/Russia-launches-troll-factory-using-fake-Twitter-Facebook-accounts-flood-social-media-lies-Britain-West.html

        My Professor was developing a logic around the idea of bed river statements when he was working in Princeton, by using some highly advanced mathematical tools, and availing of the advances made since Wittgentein by Saul Kriple and Robert Stalnaker – the latter of that he worked with.
        So, if I were to blow my own trumpet, I could say that I am the student of the colleague of the famous Robert Stalnaker.

        P.S. Speaking of propulsion and energy harvesting: I am very curious what do you think of Viktor Schauberger?
        Please write down your opinion when you have more time.
        I’m attaching a link with a documentary about him, so that you can shape your opinion:

        https://www.youtube.com/watch?v=yXPrLGUGZsw

        And a link to a research program (based on his ideas) website:

        http://www.iet-community.org/research/research.html

        Feel free to criticise if you feel so (bon mot uninteded).

    • Truthist

      Ref.
      “…McWilliams’ blog is significant, and it is the only blog outside of eastern Europe with full freedom of speech:
      no such blog exists in the UK …”
      .
      .
      OF COURSE NOTHING PERSONAL FROM ME ;
      BUT, IT MUST BE CLARIFIED THAT ALL OF THE ABOVE IS COMPLETELY NOT TRUE

      • Truthist

        Typo edit ;
        .
        Ref.
        “… McWilliams’ blog is … the only blog outside of eastern Europe with full freedom of speech:
        no such blog exists in the UK …”
        PARTICULAR POINTS EXTRACTED BY TRUTHIST
        .
        OF COURSE NOTHING PERSONAL FROM ME ;
        BUT, IT MUST BE CLARIFIED THAT ALL OF THE ABOVE IS COMPLETELY NOT TRUE
        .
        McWilliams’s blog is significant nonetheless.

  11. The loathsome creatures at The Guardian wake up & smell the Corbyn Brexit blend coffee. Too late! Throw them into an icy sea! Just look at this bullshit:

    ‘Some commentators assume Labour’s pro-EU voters have not realised its leadership in reality loathes the EU…..’

    Well, if Jeremy Corbyn had been as open, honest & transparent about his loathing for the EU in public as he is in private or as trenchant and unyielding in opposing the Brussels Banksters as I have been, then ‘the Left’ wouldn’t now be in a state of abject ridicule as it desperately tries to renege on it’s hatred of working-class opposition to corporate tyranny from Brussels which, as Juncker’s ‘useful idiots’, it has propagated remorselessly from it’s Remainiac bible.

    ‘You might also argue that EU free movement makes migration harder for those beyond the borders of “Fortress Europe”, which a leftwing Brexit could redress. But none of this yet forms a distinct policy grounded in left values.’

    Er, hang on a minute! I was voicing exactly these positions in the run-up to the Referendum but the Juncker fluffing toadies at The Guardian were so busy vilifying the likes of BCFC-Z BrummieBoyz like me that their frothing rantings about racism and xenophobia failed to notice the real racists and xenophobes are The New Europeans who think it’s ok to gift any white person who lives in Krakow or Bratislava with full rights if they can afford a Ryanair flight yet forces brown and black folks to risk their lives in a dingy so they can ‘virtue signal’ about their worthiness.

    FcUK right off.

    The real racism is Fortress Europe. The real racists are those who do not see that the EU is a pact between the former war-mongering individual states of Europe to seek common purpose in enslaving Africa via the CAP. Africa imports 87% of it’s food from the European excess produced so the French Farmer can carry on living the dream. Who’s the real racist in all this? The EUropeans.

    Go fcUK yourselves. There’s no way back. We have declared war on your lies, on your stigmatising of the discarded working-class of these islands as ‘racists’ and ‘xenophobes’ and we level those exact same charges at your new post-nationalist identity of ‘EUropean’.

    Andy Mooney

    Taoiseach of The Fifth Province
    President of Independent Mercia
    President-Elect of post-EU ‘Neu Europa’

    ‘Voters are hungry for new politics – bring on a leftwing Brexit
    Labour’s manifesto energised people across the country at the general election – we need to approach ‘Lexit’ along similarly bold lines’ Rachel Shabi

    https://www.theguardian.com/commentisfree/2017/jul/03/voters-hungry-leftwing-brexit-labour

    • Jeremy Corbyn you better get your act together, pronto mate. Ask around the North Bank who BCFC-Z BrummieBoy really is. I will have you banned from The Arsenal if you fcUK Brexit up and I am not joking….

      I was right last summer and I am vindicated now. If i have to seize control of Labour from Jeremy Corbyn to ensure the re-birth of True Labour, I will. Who is going to stop me? Brexit doesn’t belong to Theresa May, to Nigel Farage or Jeremy Corbyn or anyone beyond We The People. They asked us a question, we gave you a clear answer. Get on with it. Or else…

      Too late for that! #Lexit was always legit. #FcUKEU #FcUKTheGuardian #FcUKRemainiacBullshit .cc @pollytoynbee @paulmasonnews @davidmcw

      You lot are fcUK’in toast! #FcUK the racism of Fortress Europe! @fotoole @GeorgeMonbiot @NesrineMalik @suzanne_moore

      @davidmcw wonder how long it will be before you join the volte-face, mt8? LOL!

      Andy Mooney in da house! B10 BrummieBoy from 1976 to 2017, the ultimate punk economist…”still don’t give a fcUK” rappin like Eminem in Brum on a stage near you…..soon come, my friends….soon come…irie!

      • Deco

        Andy, Tintan O’Fool is a lover of government as a means of control of the populace.

        In other words, the type of person who declares that if something is not compulsory, then it should be forbidden.

        Behind all the eloquence, there is an “wise fool”.

        • Fintan is in a desperate place psychologically and his cognitive dissonance over the events from 1916 to Brexit are now about to blow his brain up. Shame…

          He is given a certain status and profile as he is a comforting facsimile of a ‘rebel yell’ to those in power. Plus he has the Dub Trinity College version of the Oxbridge PPE-ist software loaded. His SCINI wheeze was completely nutso yet he was given a serious platform for his Axis Of Eejitry thesis.

          How long does anyone think Fintan would survive face to face with Mad Paddy From Brum live on stage? Or McWilliams? It would be knockout in Round 1.

          It’s all a scam this ‘online cafe society’. The usual suspects invite public opinion only to ignore it if it’s too challenging or mine it for personal gain if it’s cutting-edge. The whole ABL-BTL nonsense is over. That’s ‘above the line’ the ‘expert’s blog’ and ‘below the line’ where the hoi-polloi jostle for attention. Of course, I’ve subverted it all for a decade by using my ‘crazy’ comment history here to implant some seriously revolutionary memes into The Irish Mind. And now there is absolutely NOTHING McWilliams, Geldof or Bono can do to stop me revolutionising Irish Culture for the C21st. I create and destroy ‘online personas’ at will, deleting social media accounts, using pseudonyms, fictitious ‘real names’ & the methodologies of Fernando Pessoa to totally banjax the whole nonsense of ‘online identity’. Nobody who hasn’t met me knows who I am, nobody can reliably parse me from online personas and those who have met ‘me’ need to factor in the Stanislavsky stuff. We are on the edge of unimaginable upheaval with Robotics and all the rest of the New Wave Technologies, yet we still have a delusional political & media elite thinking they can bullshit The Common Man/Woman in the age of the internet. No wonder the blind panic about ‘fake news’ from the main creators of fake news, the MSM.

          Words change nothing as Nietzsche realised in his lucid moments: “Without music life would be a mistake”. I’m done with words, i’m about read to move onstage with music and dance now the kids have flown the nest. Whether i gain an audience of 20 or 2 billion, I promise ye it wont’ be boring. It fcukin wont’ be Riverdance, that’s for sure!

    • Grzegorz Kolodziej

      “The real racists are those who do not see that the EU is a pact between the former war-mongering individual states of Europe to seek common purpose in enslaving Africa via the CAP.”

      An interesting point of view, certainly worth considering.
      Btw, I was always against CAP.
      However, the logical consequence of that view is that among the biggest racists are:

      No 1: the biggest racist – Her Majesty the Queen Elizabeth II,
      the biggest recipient of CAP.
      Lesser racists:
      - the Duke of Westminster,
      - the Duke of Northumberland,
      - Sir Richard Sutton,
      - the Earl of Moray,
      - Baron Phillimore and family,
      - the Earl of Plymouth.
      - household goods billionaire Sir James Dyson,
      - Conservative ministers Lord Gardiner
      - and Eurosceptic George Eustice.

      They are all recipients of CAP and enslavers of Africa.

      As a whole however, of course it is the French farmers. Actually, make that France as a failed experiment since 1789.
      So
      If you asked me: France or Britain, choose, now (with a strong Belfast accent) – of course Britain. I’ll put it another way: Poland would much rather have diplomatic relations with Britain than it would with France. Unfortunately though, the US now would much rather have diplomatic relations with Poland than with Britain – and accordingly, the US President will visit Poland before he will visit Britain. Which will be after visiting Russia. And Brussels. And Italy. And maybe even the Ukraine, though that I am not sure of. And Ms May went furious about it. Did she cry, I wonder?

      ………

      “New Europeans” – the name is somewhat misleading, as
      - Poland had Habeas Corpus ages before England;
      - the Magna Carta was almost as soon extinct as it was implemented (the restrictions on the Crown’s ability to levy taxation were watered down in the Charter of 1217)
      - and it wasn’t until 1505 that they were properly implemented – but it was not in England, it was in Poland;
      - and when the English and Scottish MPs wanted to set up the Union, they came to Kraków and spend there 3 weeks studying the Commonwealth of Poland and Lithuania documents to be taught how should it be actually done
      - no wonder then the Founding Fathers of the US studied the Commonwealth of Poland and Lithuania to avoid the bad British solutions

      Thus more apt than the “New Europeans” would be to talk about Britain as the “New Parliamentary Monarchy”

      So

      the “New Europeans” are, following these criteria, only 1/4 as racists as the EU-15 Europeans, and as the pre-Brexit Britain: as they only receive 1/4 of the their CAP. And certainly less racist than CAP’s biggest recipient – Ms Elizabeth Windsor (her official title in the City).

      quod erat demonstrandum.

      Speaking of risking lives:

      “the real racists and xenophobes are The New Europeans who think it’s ok to gift any white person who lives in Krakow or Bratislava with full rights if they can afford a Ryanair flight yet forces brown and black folks to risk their lives in a dingy so they can ‘virtue signal’ about their worthiness.”

      http://www.dailymail.co.uk/news/article-3884076/Why-did-humiliate-Polish-aces-Battle-Britain-heroics-ungrateful-nation-wanted-deport-men-women-fell-Hitler-feared.html

      P.S. Any chance you give us back our gold that you had stolen during WWII?

      P.S.II. First concentration camps… Who was that? Hmm… I cannot remember. Oh I know – Oliver Cromwell, the forerunner of Joseph Stalin.

      • You are making the usual mistake of conflating the ordinary English with the Crown ruling elites, just as most Paddies are too lazy to separate out Cromwell from the starving Poor Law ‘scum’ sent to the Caribbean by him or the population of both the US and Australia by the same 1% Norman Toraigh elite on both islands. Anyone going to Cheltenham races sees they’re blood brothers and sisters behind the Green Jersey and the Union Flag.

        But it’s much easier to just singalonga ‘Fields Of Athenry’ isn’t it? Well, Andy Mooney has a riposte to that nonsense with the opening words of the song as follows:

        “It’s 20 miles as the crows fly
        from the tombs of Tuam
        to the fields of Athenry”

        Chew on the vast symbolism of those lines, covering as they do an entire century of Irish lies from 1916 to the child abuse & banking crises to the septic tank graves in Tuam.

        I went to school with Polish lads. Do not mistake my anger at the ‘fortress EUrope’ scam with antipathy towards your compatriots. That would be simplistic and insulting and you’re better than that, better than trying to score easy points. You won’t. So give up.

        “We look to Stockholm for the language we use: London is dead. Dublin is dead”

        The Knife – Europa Europa / Lyrics in Swedish & English [För alla namn vi inte får använda]

        https://www.youtube.com/watch?v=dfaqRTF-uzU

        • Published on Jun 6, 2014
          För alla namn vi inte får använda” a single from Europa Europa — an antinational cabaret about migration politics by the art group Ful with music by The Knife.

          Why do we build walls against heroes? With the cabaret Europa Europa and the song and music video “För alla namn vi inte får använda” by Europa Europa and The Knife we want to praise all those hundreds of thousands of people who defy the cameras, the deadly waters, the barbed wire, the violence and the compact political resistance, and make it across the external and internal borders of Europe every year.

          Europa Europa premieres on the 1st of July in Almedalen, Gotland, during the political week of the election year. Performances will be given on outdoor stages in various cities throughout Sweden up until the election in september, free of charge for all visitors. The cabaret Europa Europa is part of a movement that exists both within activism and academia, where individuals are trying to expose the human rights violations that are committed by Sweden and the EU every day.

          The song “För alla namn vi inte får använda” is a part of the cabaret and the lyrics will be handed out to the audience to sing along. In the music video you see the steps to the “political Macarena” dance choreographed by the dance- and choreographygroup Dom Dugliga. Learn the steps and dance along!

          https://www.youtube.com/watch?v=5jMXZBPW-Q0

          • Grzegorz Kolodziej

            I feel for the Swedes, I really do. I don’t know if they’ll ever regain their country – in or outside the EU (I’m talking demographics). Paradoxically, they have a good army – but their and “refugees” paths don’t cross (shocking abandonment by the state of its citizens – if one replaces belief in God with believe in the State – that’s what one gets).

            Recently enormous group of Sweden came to Lublin (Joyce, wanting to emphasize that Dublin is – as he wrote – “world’s greatest village” – rhymed it with Lublin in “Finnegans Wake”: “Dublin – Lublin”; even though it does not actually rhyme, as it is pronounced Loobleen”).

            So the Swedish football “hooligans” came down, hundreds of them. Tall, sporty, muscular. Frightened. This was worlds U-21 quali, or something like that.
            “Where can we go to the pub?” – they asked the Polish prganisers.
            “Sorry? We don’t know what you mean…”. “Which places are safe to walk in town?”
            “Ehmm… everywhere?”.

            Some of them could not believe that you can just randomly go somewhere, and sit on a chair in a street.
            Some of them went even further and are thinking of moving. Some of them moved already.

            And these people invaded us – what happened to the Vikings?

            https://en.wikipedia.org/wiki/Deluge_(history)

            In fact, Sweden was so poor at the time that the soldiers were told to grab any iron they can find: i.e. rakes, buckets…

            Some say it is in the food; others believe in chemitrails…
            I think it’s all in the head.

            Swedish police v English police v Polish police: with which one would you feel safer in your country?

            https://www.youtube.com/watch?v=IsPiPHAak-s&t=300s

      • terryhewett

        What happened to the Vikings? The lucky ones ended up in Dublin and York and became rugby players. The unlucky ones ended up in Ridgeway Hill Viking burial pit chopped up by the Saxons. One lady archaeologist remarked “seems they had a bad hair day” Ho, Ho, Ho!

        • Grzegorz Kolodziej

          Terry, if the 2008 documentary on Viktor Schauberger is too long for you to watch, and it might be – I recommend that you

        • Grzegorz Kolodziej

          Terry, if the 2008 documentary on Viktor Schauberger is too long for you to watch, and it might be – I recommend that you should watch it from 38.13, where the topic that you were researching is addressed in a way which you might find refreshing (the part of the doc called “Energie- und Antriebskonzepte”: Concepts of energy and propulsion), where they talk about the Kelvin Generator.

  12. The clowns running the Republic of Ireland are almost totally delusional. However, the EU clowns heading up the Brexit negotiations for the EU27 are absolutely 100% delusional.

    As a Vegan I think the fish should be left in the sea. No sane person eats sea-food now we know the extent of plastic contamination of the Oceans…fish are predators, there’s a moral case for exempting them from the debate as they prey on other beings so are just genetic killing machines who cannot claim the same rights to protection as herbivores. However, in the ‘real world’….

    Mr Doyle raged: “Today’s announcement by the UK Government is unwelcome and unhelpful. It is a part of Brexit and will be considered by the EU27 member states and the Barnier team when the negotiations commence.”

    As for supposed hard-man Bernier, he’s a silly puff. A prat who’s already talking out of his arse and knows it. Claiming the EU will still exert control over the UK post-Brexit? Good luck with that one, ya clown!

    “UK denunciation of London Convention means no change: EU law and the Common Fisheries Policy had superseded it. EU 27 interests will be my priority for the negotiations.”

    http://www.express.co.uk/news/politics/824072/Brexit-news-Ireland-EU-insist-Gove-fishing-announcement-changes-nothing

    • Deco

      [
      The clowns running the Republic of Ireland are almost totally delusional. However, the EU clowns heading up the Brexit negotiations for the EU27 are absolutely 100% delusional.
      ]

      100% accurate.

      The clowns in Brussels have no clue as to the consequences of what they are doing, on the populace. But they do serve to ensure preferred consequences to those in the loop.

      The BankBondholder debacle shows this clearly.

      Likewise the outburst of virtue signalling from Merkel and the Bundestag, that followed when VW got caught cheating regulations.

      The reaction of Kildare Street / D2 / the Irish official media, has been abysmal.

      I think it might even be Stockholm syndrome in a green jersey.

      • Deco, just get a look at today’s Carry On capers. And I’m supposed to accept the EU have any power to stop Brexit? LOL!

        ‘Jean-Claude Juncker has slammed the European Parliament for being “ridiculous” after most MEPs failed to show up for a debate about an EU presidency.

        In extraordinary scenes, the President of the European Commission ranted at parliament members for not being “serious” about the debate.’

        Stick it up ya jumper, Juncker-Drunkard!

        ‘You are ridiculous’: Jean-Claude Juncker in extraordinary rant at EU Parliament’

        http://www.standard.co.uk/news/world/you-are-ridiculous-jeanclaude-juncker-in-extraordinary-rant-at-eu-parliament-a3579666.html

        • Deco

          Our political establishment keep telling us we need to be “at the heart of Europe”.

          I would rather not.

          It is an expensive circus.

          • Pedro Nunez

            It’s getting like ‘Dante’s inferno’; Lasciate ogni speranza, voi ch’entrate
            Through me you go to the grief wracked city; Through me you go to everlasting pain; Through me you go a pass among lost souls. Justice inspired my exalted Creator: I am a creature of the Holiest Power, of Wisdom in the Highest and of Primal Love. Nothing till I was made was made, only eternal beings. And I endure eternally. Abandon all hope — Ye Who Enter Here

  13. Tull McAdoo

    With Draghi teeing up a small interest rate rise for later in the year, probably December, it will be only a matter of time before the numpties in the dept. of Finance start mouthing off about “stress tests”.

    A small rise will be enough to let the wind out of any sails in Ireland. Unless of course the DOF decide to bamboozle us again with their 26% growth nonsense like before.

    Dublin 4 trying to talk it up yet again now that they have been bailed out yet again, while Pravda RTE beat the bushes for any good news story to rally the troops in their green jerseys.

    The homeless being told that some fuckwit made a mess of the recent legislation and the it will be two years or so before they get a roof over their heads. Never mind stiff upper lip old chaps and all that’s needed is a bit of fortitude blah blah.

    I for one will be pricing in a rate rise, small but enough to stall any growth expectations in Ireland and with the uncertainty surrounding Brexit I would suggest sell for all stock. Trump will be calling the Multi national sheep home which doesn’t auger well for employment etc.

    With Trump closing down the safety valve of emigration to the States and the Aussie valve already closed due to some consolidation taking place down here it is hard to see where the next bunch of graduates will bolt for. Brexit could see the London/ Kilburn High street/ Brummie Bullring losing its fresh influx of Paddy whackery.

    It might be a stroll down Bathurst St. in Toronto or a pricey gamble to start a life in Vancouver for the lucky few, while the rest better brush up on your European languages and be prepared to go toe to toe with the Eastern Europeans in your battle to the wage bottom and lowest common denominator….

    Who knows maybe Ronan Collins will read out your name when your birthday comes around and he will then take the opportunity to flog some auld tune from one of his old drinking buddies from way back when.

    If anybody is looking for me I’ll be out walking the dog on Trigg Beach…….

    Chris Botti and co……..The look of Love……

    https://www.youtube.com/watch?v=hwti6ll5fDg

    • Grzegorz Kolodziej

      Ok, Tull – there is a first time for everything, and this is my first time since, like, ever, I’m writing something positive about Karl Marx.
      The Irish graduates have been leaving (with the exception of late 90s/2007)
      Graduates’ export has been De Valera’s main achievement. And they will be leaving until Ireland (deep breath).

      - owns the means of production
      - becomes independent of other central banks (ideally, has no central bank at all)
      - implementing the first two will finish the Irish rentier culture

      James Larkin was saying:
      fair day’s wages for fair day’s work.

      And I am saying:
      your wages will never be fair when they come from recycling someone else’s goods, being paid in someone else’s currency, at someone elses interest rates.
      And you live in someone else (landlord’s, bank’s) house.

      • Truthist

        @ Grzegorz,

        Ref. ur post above ;
        Redacted slightly by Truthist so as to achieve even greater positive effect
        .
        “Ur wages will never be fair when they :
        1.
        come from recycling someone else’s goods
        2.
        are being paid in someone else’s currency
        3.
        are being paid at someone else’s interest rates
        .
        .
        AND,
        4.
        UR WAGES WILL NEVER BE FAIR WHEN U LIVE IN SOMEONE ELSE’s [ LANDLORD's / BANK's ] HOUSE.”
        .
        .
        YES, LANDLORDISM IS CRASS !

    • Tull, some might wonder if the closure of the Common Travel Area might presage an actual revolutionary movement in Ireland…..once the Norman Toraigh elites of Ireland can no longer use that safety valve to send trouble makers over on the night-boat to their collaborators on this island.

      ‘With Trump closing down the safety valve of emigration to the States and the Aussie valve already closed due to some consolidation taking place down here it is hard to see where the next bunch of graduates will bolt for. Brexit could see the London/ Kilburn High street/ Brummie Bullring losing its fresh influx of Paddy whackery.’

  14. Truthist

    Every man is his own nation too
    .
    Thus, each must remind himself ;
    .
    Level 1. World Economy > Level 2. EU Economy > Level 3. Irish State Economy > Level 4. Local Economy > Level 5. One’s own Economy
    .
    .
    David says that Level 2. is the bigger threat now to Level 3. Irish State Economy.
    And, then using logic, it by domino-effect it is the bigger threat to Level 5. One’s own Economy if one is “not-connected” ;
    i.e.
    EU / ECB simply x]”inflating the currency supply” & / or y] “raising the interest rates”, is bigger threat to ewe than the threat by the nearest Level 3. [ vis. UK Economy ] of the very same Level 2. [ E.U. ] exiting — regardless if fullest to least extent — being member of Level 2′s union / empire.
    .
    .
    But, do consider when Level 4 [ Irish State ] is the bigger threat to ewe [ a particular Level 5. Economy ].
    .
    .
    Here follows what happened to un-initiated Johnny English ;
    And, it involves such M..ons as one’s own Real Estater ;
    But, no surprise to learn of that if one is yonder ;
    And, especially in the Real Estate business.
    .
    .
    https://www.henrymakow.com/2017/07/government-stole-our-resort.html

    • Truthist

      Typo ;
      .
      But, do consider when Level 4 [ EWER LOCAL ECONOMY ] is the bigger threat to ewe [ a particular Level 5. Economy ].
      .

  15. Deco

    Canada’s Selfie PM is in town.

    If any of you want to get int Selfie photo’s make your way to Justin Trudeau.

    If any of you want answers to Canada’s housing bubble, go just about anywhere else.

    Trudeau is part of a new trend – heads of government who are image savvy, producing the right mantras, and gaining approval of the media – but who have not capacity to fix anything.

    And who do not even try, but would rather be going around getting perfect photos for the newspapers that revere them.

    • Truthist

      ????????Justin Trudeau is just a Public Relations Rep. for the hidden government of Canada ;
      Same situation applies to almost every other so-called democracy ;
      Not that Democracy is the optimum method to arrive at official government of a country.
      .
      .
      http://dissidentvoice.org/2017/06/the-ugly-canadian-ii-justin-trudeaus-foreign-policy/
      .
      .
      Justin’s father — the charismatic Pierre Trudeau & he a previous Prime Minister of Canada — is said to have been :
      a homosexual pedophile
      a murderer
      an satanic occultist
      a willing tool for the Banksters

      • Deco

        Not sure if PT fitted those attributes.

        But he did borrow recklessly, put on a good show, and leave a lost decade afterwards, as a legacy.

        I reckon that we both agree on PT being “useless” ?

        • Truthist

          AIN’T LIFE IRONIC ?
          .
          .
          vis-a-vis Trudeau’s defiant support of Israel
          .
          .
          /////////////////////////////////////
          .
          HEADING ;
          Canada and Its Ukrainian Nazi Collaborators: Chrystia Freeland’s Family Lie Grows Bigger and Blacker
          .
          by John Helmer, Moscow,
          .
          June 18, 2017,
          .
          via Dances with Bears
          .
          EXCERPT ;
          German military records have been found in a Polish government archive in Warsaw revealing that Michael Chomiak (lead image, left), maternal grandfather of Canadian Foreign Minister Chrystia Freeland (right), volunteered to serve in the German invasion of Poland long before the German Army attacked the Soviet Union and invaded Ukraine.
          .
          Chomiak’s records show he was trained in Vienna for German espionage and propaganda operations, then promoted to run the German press machine for the Galician region of Ukraine and Poland during the 4-year occupation. So high-ranking and active in the Nazi cause was Chomiak that the Polish intelligence services were actively hunting for Chomiak until the 1980s – without knowing he had fled for safety to an Alberta farm in Canada.
          .
          The newly disclosed documents expose Freeland’s repeated lying that Chomiak had been a victim of World War II; an unwilling journalist overpowered by German military force; compelled to write propaganda extolling the German Army’s successes, and advocating the destruction of the Jews, Poles and Russians. As for Freeland’s claim that Chomiak had secretly aided the Ukrainian resistance, sources in Warsaw believe Chomiak was trained by the Germans as a double-agent,penetrating Ukrainian groups and spying on them.
          .
          The Polish records also point to the likelihood that US Army, US intelligence and Canadian immigration records on Chomiak – concealed until now – can confirm in greater detail what Chomiak did during the war, as well as for years afterwards, which made him a target for the Polish police until not long before his death in 1984.
          .
          https://off-guardian.org/2017/06/30/canada-and-its-ukrainian-nazi-collaborators-chrystia-freelands-family-lie-grows-bigger-and-blacker/
          .
          .
          ///////////////////////////////////
          .
          HEADING ;
          Canada ‘no better than Nazi Germany’:
          Pro-lifer arrested for protest in abortion clinic tells a Canadian court ;
          .
          ‘Canada is “no better than Nazi Germany” in declaring children in the womb non-persons under law, and legally protecting their killers’
          .
          .
          July 4, 2017
          .
          THE ARTICLE ;
          Canada is “no better than Nazi Germany” in declaring children in the womb non-persons under law, and legally protecting their killers,
          .
          a Canadian court heard June 29.
          .
          “This is what happened in Nazi Germany. Hitler legalized everything he wanted to do,” Mary Wagner told Justice Rick Libman on the last day of her trial.
          .
          “When the law is wrong, we have the obligation to follow our conscience.”
          .
          Wagner is charged with mischief and seven counts of breach of probation in connection with her December 12, 2016 arrest outside the Bloor West Village Women’s Clinic.
          .
          Wagner, who is representing herself, pleaded not guilty to the charges.
          .
          The 43-year-old has spent nearly five years in jail as a consequence of her peaceful attempts to save women and children from the violence of abortion, but this trial has diverged notably from her previous hearings.
          Wagner’s unusual trial
          .
          Frequently in past hearings, Wagner has remained silent in court in solidarity with the voiceless victims of abortion, but this time gave eloquent testimony on their behalf.
          .
          And because she refuses to sign bail conditions that require she stay away from abortion centers, Wagner typically remains in jail at least until the trial is complete and the judge’s verdict and sentence pronounced.
          .
          But this trial, which began May 25, became enmeshed in LifeSiteNews’ opposition to the Crown’s extraordinary application for a partial publication ban.
          .
          When Libman ruled June 9 the name of one witness from the abortion center could be published, the Crown asked for a delay to challenge his order.
          .
          Phil Horgan, lawyer for LifeSiteNews, thereupon suggested the court release Wagner without bail conditions, as the Crown was responsible for lengthening her trial.
          .
          Libman allowed Wagner, who had been in jail almost six months, to be released that day, on the sole condition she return to court for the continuation of her trial, and Crown counsel Craig Power agreed.
          .
          On June 12, the Crown obtained an emergency interim ban under Ontario Superior Court Justice Ian Nordheimer.
          .
          Wagner’s trial resumed June 13, and she, as well as three witnesses from the abortion center who cannot be named under the interim publication ban, testified that day.
          .
          Two of the latter related they forcibly removed Wagner from the abortion center even though the police had been called.
          “We are no better than Nazi Germany”
          .
          In her closing arguments last week, Wagner told the Court that with no law to protect unborn children, and knowing “these are real human beings who are being killed,” she was obliged in conscience to enter the abortion center in an attempt to protect “these helpless human beings and their mothers who don’t know what they’re doing” and who are “waiting for someone to offer them hope and support.”
          .
          Crown counsel Power argued Wagner knew she was in breach of previous probation orders directing her to stay away from all abortion centers in Ontario, and particularly the abortion center where she was arrested.
          .
          He also contended Wagner committed mischief by interfering and disrupting with the business of the abortion center.
          .
          Wagner countered that Power’s arguments “sound reasonable but they presuppose the legitimacy of the abortion business, which is at the heart of the charges.”
          .
          The abortion business is “dedicated to taking the lives of the most vulnerable human beings,” she said.

          “If we are seeking justice what greater injustice is there than to ignore the unborn child?”
          .
          Libman told Wagner that “no one takes issue with the deeply held views that you have, it’s the way you express them.”
          .
          Even if one disagrees with a court order, the judge said, “you don’t have the right to disobey it.”
          .
          Wagner responded by comparing Canada to Germany under Adolf Hitler’s Third Reich, during which the Nazis murdered six million Jews, not to mention political opponents, the weak, and anyone they deemed inferior, unfit, or a threat.
          .
          She testified earlier that as a young woman, she visited Auschwitz, a death camp in Poland, and was struck by the similarity of the Nazis classifying Jews as subhuman, and Canada classifying unborn children as non-persons.

          Under Canada’s Criminal Code, a child becomes a person in law only after the child has emerged completely in a living state from his or her mother’s body.
          .
          “We have to look at reality as it is,” Wagner told the Court, particularly when “it is something so clear as human beings being systematically killed. We’re no better than Nazi Germany.”
          .
          Added Wagner: “The onus is on each one of us to examine our conscience.”
          Judge brings up necessity defence
          .
          Moreover, Wagner argued that a law that prevents her from trying to save human lives has no binding moral force.
          .
          Catholic theologian Thomas Aquinas taught that “an unjust law is no law at all,” she told the Court. “Again, what could be more unjust than attacking a helpless human being?”
          .
          “I would like to remind the Court that we were all brought forth from a God who loves us and wills us into life,” she said.
          .
          “I do not have a right to take that life. I do have a responsibility” to try and save it.
          .
          “We are in a situation where there are human beings being killed,” and there is an “absolute omission” in the law to protect them, Wagner said. “I cannot call 911. I can’t call the fire department.”
          .
          Libman noted that in one of Wagner’s preceding trials, heard by Justice Fergus O’Donnell, Wagner used the defence of necessity, which exonerates unlawful actions when committed in emergency situations to ward off imminent peril to oneself or others.
          .
          He asked Power what he thought of the necessity defence in this case.
          .
          The Crown counsel said that while “I don’t want to ancillarily insult Ms Wagner’s beliefs” in his opinion the “subjective component” of the necessity defence had no “air of reality” in this instance.
          .
          The “air of reality” test is meant to determine whether a defence can be reasonably supported by evidence, but Power did not elaborate further.
          .
          Wagner returns to court at Old City Hall on August 15, at which time Libman will give his verdict and reasons for judgment.
          .
          Meanwhile, the publication ban hearing is scheduled for September 18.

    • Pedro Nunez

      +1 and we have an impressionable ‘selfie Teeshock’ who rather than the ‘andrex puppy’ gamboling about, needs to get real on real issues not just spin, spive and ‘all animals are equal but some animals are more equal than others’, remember Mna na h’eireann Leo!

  16. Deco

    Here – some entertainment.

    https://www.youtube.com/watch?v=E6qeo77Y9mw

    How come we let this type of clown get so powerful in our corrupt country ?

    Dominant media oligarch. Pal of the mainstream political parties.

    Meanwhile, Karl Rove launched an attack on Denis O’Brien.

    https://www.youtube.com/watch?v=ydOXJdGb8sg

    And as a result the Irish media hit back at the Republicans, Breitbart and Bannon.

    MESSAGE FROM THE CORRUPT IRISH ESTABLISHMENT – THOU SHALT NOT LEARN FROM THOSE THAT ATTACK THE CORRUPT IRISH ESTABLISHMENT.

  17. Grzegorz Kolodziej

    Discussion about introducing Sharia law (as part of the EU legal framework) in the Council of Europe!

    And Poland’s rulling party votum separatum:

    https://www.youtube.com/watch?v=lUi453ILMCQ

    • Pedro Nunez

      THen why is Poland’s PM trying for cheap political points, just as Leo is ignoring and pissing off Mna na H’Eireann is this the most proportionate means to a legitimate aim by Poland’s PM?http://www.msn.com/en-gb/news/world/donald-trump-snubbed-by-polands-first-lady-agata-kornhauser-duda/ar-BBDTHzW?li=BBoPWjQ&ocid=UP97DHP

      • Grzegorz Kolodziej

        No, that’s not Poland’s PM – that’s Agata Duda, President Duda’s wife. It’s customary in Poland to always greet the ladies first, no matter of what rank (i.e.Kaczynski always does that, and he kisses ladies hands too). I don’t think that it was a political manifestation, though you can that Melania is a bit like “oh no… and what know?” I’d say Agata’s reaching out to Melania was akward (btw, one of my friends was in the secondary schoolclass with her).
        I have some private photos (taken from a mobile phone) from i n s i d e the Presidential Palace too, but I don’t think there is any way I can attach them here. Great atmosphere in Warsaw overall – I’d say that Poland has worlds’ most friendly alt-right crowd ;-)

        • Grzegorz Kolodziej

          That was, of course, a “laughing at ourselves” joke with the alt-right crowd. Jesus, I then thought that people might not get it though.

        • Pedro Nunez

          With respect looks ‘no one briefed President DT to Polish protocol’, looks bit gauche to me but so did leo playing ‘footsie’ with Justin, mais seems like George Bernard Shaw (real Irish playwright) called it right in “The golden rule is that there are no golden rules”.
          Man and Superman (1903) “Maxims for Revolutionists”.

          Maybe i’m just old fashioned but I thin we should respect the office/institutions if not the office holders.

          • Grzegorz Kolodziej

            Hi Pedro, and thanks for posting your comment.

            I’m sure Agata Duda respects Mr Trump as a leader, not only as an office holder. But she seemed to have reacted spontaneously, and the media hostile to Trump made it the “news of the day” (one of them, I think CNBC, has even aired a video repeating Agata’s snubbing for 3 min!). If you look at the video, she doesn’t notice Trump’s hand, so in her mind she’s not snubbing it).
            In general, I agree with your point: I’m just saying that some media made it a political statement, which it wasn’t.
            But think of it from an Irish perspective: in Ireland, we hand in cash into shop assistants hand. I think that’s kinda nice, because it shows that we don’t treat the seller as some sort of a Dickensian servant. But it some cultures, that would be considered too much physical contact (Poland for example). It would be difficult for an Irish person to, in a split of a second, put the cash on the desk: even if that was a custom; same as it’d be difficult for a Polish person to touch shop assistants hand (unless they live here for 5 years).
            On the other hand, a habit I’ve noticed in Ireland is that constant and stubborn blocking of the entry or exit from the shop by standing there, right in the middle, and looking in the clouds or at a smartphone.
            For an Irish person, this is not a problem – you just say “sorry”, and the person says “oh, I’m sorry”, and he moves.
            But for a Polish person, standing in the front door, blocking the exit, is something unbelievable rude (as you are then purposefully preventing someone from doing his own business). Most Polish people would be so shocked, that they’d just stare in disbelief, thinking: “you what, you are blocking the public door? you’ve no right to do that” (same with blocking the escalators by not leaving space, or blocking the M50′s fast lane for no apparent reason – the Irish people are so bad at that that the US golf magazine has actually warned their tourist that people do that here; also, I spoke with truck drivers who know all EU roads, and it’s basically only Ireland in Europe that does that – same as not having the first gear engaged when the red light is about to change).
            Of course, you can tell the Irish or the Polish that this is the custom in this country.
            But your body goes elsewhere, unconsciously, and I think that this is what happened with Agata Duda, and I think that it was wrong from her, or rather uncontrolled (it really looked bad, didn’t it?). I also think that it was unconscious (another rule in Poland – men always shake hands with each other, which even I now find very strange; and however stupid that sounds in my mouth – I find it very foreign (this customs comes from the old tradition of checking if you are not hiding a knife in your hand). But you never ever shake your hand with the lady first (actually, ladies don’t shake hands in Poland at all, unless from Warsaw – they give you a hand to kiss).
            So when President Trump was extending his hand, she didn’t notice it, because she didn’t even think that a man would do that first.

            So this was another explanation for Agata Duda’s social akwardness.

            To sum it up:
            1. You are right that it was akward.
            2. You are right that for the US viewer it looked like disrespect.
            3. But it wasn’t a political statement of “this is what I think of Trump”, and frankly speaking, the media who made it into it, probably did it to find a substitute topic for things in Mr Trump’s visit they don’t like to touch (like western values being under threat from outside migration and borders violation, or by vacuous secularism).
            Btw, many people talk about Mr Trump being primitive – but this was the best prepared speech of any US President in Europe. President Clinton, in contrast, looked like a real idiot during his visits (on one occasion not knowing what European country he was in!); same with Obama (who didn’t even know how many states the US has).

          • coldblow

            Grzegorz

            My mother in law always stands in shop doorways.

            Social formality in countries like France is trying. When we were in Normandy twenty years ago everyone shook hands and if you asked a passer by a question he would shake hands with you first. I didn’t mind that at all. I couldn’t stand waiting at a table for your bill, though. I’d always go up to the counter and this would throw them.

            In an English pub you pay at the bar but there (at least in the pubs as I remember them) it was made clear that you were being shown a great favour by being allowed onto the premises.

            Coming back from Normandy that time you could see everyone relaxing as we approached the Irish coast. No more queuing and all the rest. Just drive off the ship and no fuss.

            I can’t stand that kissing lark.

          • Grzegorz Kolodziej

            “I can’t stand that kissing lark.” – that is still or was present in the Polish culture (I’m not 100% sure – I’ve spent half of my life abroad and I’ve noticed I’m using some Polish spelling that is now considered oldfashioned, and being constantly surprised by new Polish words – and horrified at the anglicisation of the Polish language, for instance this week I’ve found out that the youth in Poland says “najsik”, from the English “nice”, and that TV presenters stress syllables in a way that is foreign to Polish language (i.e. on the first syllable), but natural in English – some of them even use the Australian rising so popular in D4; of course, that’s still better if they were all to speak Arabic ;-).

            That Polish rye bread you’ve asked that was available in the Moore St shopping centre, downstairs, is now gone :-(; and all their bakery is gone.

            Interestingly, what’s left (Polish bread, but made like Brennans, with lots of chemical stuff) is not cheaper than the superior Polish bakery that was there only 2 months ago.

            That means that there is no place in Dublin where you can buy Polish r y e bread made from the fresh dough, and perhaps none in Dublin (there is one in Co Wicklow).

            There is lots of Lithuanian rye bread allright, but this is prepacked, so not from the fresh dough.

            I’ve got to say that out of all diet/healthy living/eco crazes, that’s the only one I really believe in: because I can see it by myself and my friends (that wheat bread and crackers, with the wheat we have now, is really bad for you):

            http://www.wheatbellyblog.com/

            Forgot to tell you that actually there are people in Poland who do block the entry to the shop, but these are knackers begging for money or people looking for trouble. They are removed from time to time by a security or someone impatient, but then they come back.

            What I like in the Irish culture is that strange people chat other people up in park, especially if they have dogs. That’s absent in Poland when it comes to people that you completely don’t know, except for public transport, where people chat up stranger on what they think about Jaroslaw Kaczynski, Donald Trump or percentage of tax in petrol and how do you square that with OPEC (for people that you know, the conversation usually starts from health and ends, 9 times out of 10, on politics – we are probably the only nation in the world where it is considered unsocial not to talk politics during family meetings, rather than the other way round (“I don’t want to talk politics” usual means “I don’t want to talk to you at all”); families in Poland often don’t talk to each other for years based on substantial differences in political views).

            I think that we might be similar to Italians in that, except we don’t do shouting and gesturing as if someone burned you with hot water (that’s another Anglo-Saxon influence now, that Polish politicians do gestures: in the past, that meant that you were mentally unstable – I watched out favourite De Valera and he seemed to have gestured like Lenin).

          • Grzegorz Kolodziej

            Coldblow,

            I am a bit shattered and sad that after catching up with the Irish news from this week and watching the RTE 6 o’clock news from yesterday. They said that there are reports that the Polish government brought up people from all over the country to boost in support for Donald Trump. Who is the source of this information, where is the evidence :-(? This is so unfair, as it skewes the whote report. :-(

            I know that in fact, the opposite was the case: a lot of people took holidays from work to come to Warsaw, that people lined up from 6am to get in (I doubt they’d do that for Merkel), that streets were emptied by the police for the duration of the visit, and that the square had the capacity of taking at least extra 20,000, that the police didn’t let in. It’s so sad that they would do a good report overall, but then totally screw it with something so fake :-( How can we trust the national broadcaster in other things (like vaccine for example), if they throw in (I believe not deliberately – perhaps they took information from the Adam Michnik and “Gazeta Wyborcza” milieu) such fakes at the end!

            This is a picture of Warsaw that day:

            http://ocdn.eu/ebooksimages-transforms/1/IcHktoARGh0dHA6Ly9vY2RuLmV1L25ld3N3ZWVrLXdlYi8wYWYxNTZkOS0zMjZkLTRmZjMtYTlmNy0yZjBhNGRiNDI3YWQuanBnkZMCzQNcAA

            P.S. Speaking of Adam Michnik – a friend of mine (from Wall Street) is suing him and his/Soros’ “Gazeta Wyborcza”; meanwhile, he did something incredible – he gave an interview for Der Spiegel in which he said that both his parents died in Holocaust.

            I’m trying to convince my friend (a Jew) to sue Mr Michnik for that too, and throw Mr Michnik to prison for a few years under the umbrella of “lying about Holocaust”. Far from dying in the Holocaust, his father, Ozjasz Szechter, died in the late 1960s. He was the First Secretary of the Communist Party of Western Ukraine, and his mother died in 1982 – she was a communist propagandists. His brother, Stefan Michnik, was responsible for arranging executions of a number of Polish resistance fighters, and is chased by the Polish courts for murder (he murdered 21 innocent people overall, yet Sweden refuses to extradite him).

            Adam Michnik himself figures in the files of the French police as a member of the Moulin Gauche sect, who raped and murdered 2 children (which was the reason why he escaped from France in 1995).

            Far cry from being a victim…

          • Grzegorz Kolodziej

            E x p l a n a t i o n to my comment above:

            “Adam Michnik himself figures in the files of the French police as a member of the Moulin Gauche sect, who raped and murdered 2 children (which was the reason why he escaped from France in 1995).”

            This is fake news. I’ve made it up on purpose, to f o r c e the readers of this blog to try reflect on the scale of manipulations used by “Gazeta Wyborcza” and KOD.

            This – false accusation of murdering two people – was the main thesis of an article published in Michnik’s “Gazeta Wyborcza” about John Paul II, claiming – on completely false grounds – that he should not be a saint, because he killed two Germans during WWII (how could he? how could any civilian in Kraków murder two German soldiers and k e e p living in the same flat?
            Wojtyla was working as a forced labourer during WWII in Kraków Solway stone quary, and, incidentally, lived in the same flat I lived in Kraków for a few years).

            The rest of the information given by me on Adam Michnik (on his brother murdering 21 people, etc) is true, and would stand as truth in the court of law.

          • coldblow

            Grzegorz, I see you have returned from Warsaw. I hope you had a nice time. I notice you have been commenting on Hitchens’s latest. ‘geoffreywarner’ is a legit. historian as far as I know. ky is a Japanese living in Sweden and is also bona fide (there is a funny story there at my expense). As for Jim New-London (formerly New-Lewisham) er, I am dubious.

            Fake news is the story of our times, or part of it. As John Waters says on a video I have just watched the whole Irish media is corrupt, and he names them (the expected names). And they are the people who are reporting on reality.

            I think I mentioned already that I caught a few seconds of RTE news on the telly a few weeks ago. I usually switch it off if it comes on. It showed Trump berating the press for their manifest failings. But then, to finish, they switched to Bob Woodward (of Watergate) who said in a speech, ‘Mr President, the media is *not* fake news.’ And the order of the clips makes it clear (if there were any doubt) who RTE believes.

          • Grzegorz Kolodziej

            Hi Coldblow!
            I sometimes comment on Hitchens’ blog, but rarely (mainly if he pisses me off with something LOL).
            In fact, when Mr Hitchens commented in his Daily Mail article that there was a clause with a military agreement with Britain that they will not be obliged to help Poland if Poland is attacked by the USSR too.
            However, I delicately pointed out to him that Poland was attacked by the Soviet Russia on 17 September 1939, while France and Britain decided NOT to fulfill their military pact with Poland on the Abbeville conference on 12 September – before the USSR attacked.

            Bill doesn’t seem to know that Stalin was ready to attack Germany b e f o r e Hitler attack Russia, so Hitler had to attack – considering that was with the USSR was inevitable, and Hitler had the advantage of surprise. Shocking ignorance.

            As for a historian Mr Warner makes a lot of assumptions on things he didn’t research:
            “The fact that some Polish Jews were also sympathetic towards the plan doesn’t surprise me. They may have preferred to start a new life in an environment which was less hostile to them.” – frankly speaking, he has near zero knowledge on that topic, and what he remembers (and he remembers what he wants to remember) is based just on one book, which is a biased account anyway, yet I still showed him pages from that book that contradict the conclusions he drew from his perusal.
            So I hope he uses my list of more reliable Jewish authors to read (of course, I didn’t give him a list of Polish authors, because he doesn’t seem to take it as natural to hear both sides).
            ON THE OTHER HAND, Mr Warner, from what I can see, has a good habit of citing a PRIMARY SOURCE of informations he gives (apart from these ones above).
            I wish this was a prevailing attitude on that blog (rather than just quote someone else’s opinions, or things linking it to RT, or other mass-media) – though I also think this blog is improving in that).
            I think at the moment he is struggling to process all that information I’ve given to him.

            Ky seemst to be more objective (critical maybe is a better word).
            He too has certain assumptions, but he seems to be willing to change his opinion more quickly based on new data.
            He is “is a Japanese living in Sweden and is also bona fide”? Very interesting! I’ve noticed that the Japanese I’ve met are much more ready to come to a meeting with an open-mind and just absorb the new information, rather than project their assumptions without hearing. They might be a lot more closed culture than any people of Europe, but at least they can listen.

            I once organised a meeting in Dublin for a lecture on the Warsaw Uprising. The director of the Uprising Museum came down. There was me, 18 Irish older ladies mainly (I think mayne 2-3 gents), and a Japanese guy. Of course, the Japanese guy didn’t say a word of social chit-chat, but he was the only one asking me relevant questions.
            A lady which seemed to be a ringleader :-) of other south Dublin ladies aged 50-60 asked me a question: “but why there was such a terrible antisemitism in Poland in WWII?” I said: “who told you that there was a terrible antisemitism in Poland?” And she turns to her friend and says: “Catriona, who told us this?” LOL

            As to Mr Jim New London, I don’t think he has recovered since I pointed out that he must have not attended his primary school if he thinks that Poland lies east of Czechoslovakia.

            David Taylor seems to be very fair interlocutor, and knowledgeble too (is he related to the Taylor historian?).

            As to davarry, I simply don’t like rude people full stop, and I can be very nasty if confronted with complacent rudeness.
            “Don’t you ever get snappy with me!” – says the tragic “Christopher” character in the “Sopranos”, before he shoots the scriptwriter for his horror movie ;-)

            When I am good, I am really good – but when I am bad, I am even better!

          • Grzegorz Kolodziej

            “In fact, when Mr Hitchens commented in his Daily Mail article that there was a clause with a military agreement with Britain that they will not be obliged to help Poland if Poland is attacked by the USSR too.” – as a reference to a very long discussion I had with him on that some time ago.

          • Grzegorz Kolodziej

            I forgot to comment on RTE.
            “I think I mentioned already that I caught a few seconds of RTE news on the telly a few weeks ago. I usually switch it off if it comes on. It showed Trump berating the press for their manifest failings. But then, to finish, they switched to Bob Woodward (of Watergate)”

            My main problem, dear Coldblow, is not EVEN that they have a bias.
            Each of us has some bias (some of us are more rational as to why we have it, but still): I too have my biases – I prefer girls over boys when it comes to touching; I prefer cats to dogs; I prefer the Irish to Somalians – which doesn’t mean I am racist, same as someone who prefers to live in Cork rather than Derry is not; I prefer lectures over movies; I prefer cold summers to hot summers, and I preferred AOC over Michael D.Higgins (AOC stans for Any Other Candidate).

            So let RTE be liberal left, if they want to – I’ve no problem with that (provided we don’t have to pay TV license for that and they have to compete in market conditions).

            BUT BUT BUT

            My grievance towards the national broadcaster is that they do not distinguish between n e w s and the
            p o l i t i c a l commentary of the news.

            This is news: Donald Trump went there, met this, said that. Quote, quote, quote.
            THEN there is should be a political commentary.
            And RTE h a s the political commentary, so they’d say it is divided.

            EXCEPT

            They do not.
            A political commentary in proper journalism is when they invite
            TWO DIFFERENT STANCES ON A GIVEN TOPIC.
            Polish state TV does that, RTE do not do that. And CNN does not do that either. Fox news rarely does that, but they do have that guy Bob Bell from Democrats (as opposed to 2 decades of me listening to RTE when they relied exclusively on Democrats accounts).

            INSTEAD, everything in them is a political commentary: the news is already peppered with a commentary (like there are reports that a right-wing Polish government brought people from all over Poland to boost up the support for Trump: the reports from whom? The police, the organisers, or Adam Michnik and KOD? That’s not an INFO, that’s a commentary! A news would be: according to police reports, ….. people were brought in from all over the country; ….. by PiS, ….. by PO, …… reserved tickets independently.

            And then they have the commentary, but INSTEAD of having two people saying “yes” and “no”, they have one person commenting on politics.

            INFORMATION IS CONFUSED WITH THE COMMENTARY.
            IT IS NOT LEFT WING OR LIBERAL OR RIGHT WING – IT IS BAD JOURNALISM: you can have a left wing TV, and still invite the other side!

            How well did we see that during the marriage referendum or the second Lisbon referendum!

  18. Truthist

    @ Grzegorz,
    .
    .
    I heard that there is some new private museum in Poland.
    It cost an apparently staggering amount of bucks when one considers the cost of living in Poland.
    .
    A part of the brief report that I cannot understand is after Poland’s government donating Euro 80 million & private donors based in USA giving Euro, 50 million to its cost, how is it that the total cost is Euro 80 ?
    .
    I also notice some other declared reduction in official numbers from 4 million to 1 million, but still a particular 6 million obtains.
    .

    • Truthist

      Typo ;
      .
      A part of the brief report that I cannot understand is ;
      After Poland’s government donating Euro 80 million, & private donors based in USA giving Euro 50 million, to its cost, how is it that the total cost is Euro 75 million ?

    • Grzegorz Kolodziej

      The first part I cannot answer – I don’t know.
      The second part, I said again and again, dozens of times, that the figure of 6 million pertains to the total loses of life in German occupied Poland (not counting the loses since 1939 in the USSR occupation zone): not only to the Nazi German concentration and death camps.
      But there are some people who make it as 6 million lives lost by one nation only, and in concentration/death camps only; in a really exaggerated version – in Auschwitz only. Poland never maintained that 6 million people died in Auschwitz – we had to go to Auschwitz with a school for the whole day, aged 10, and I clearly remember that the figure was something around 1.1 million (in Auschwitz). It is a fantasy of some British historians that this figure has now been reduced – it could have only been up to 6 if someone was basing his knowledge on historical fiction movies like Shoah.
      This topic has now becoming boring to me. Besides I will be busy this week. Very. 17 degrees in Warsaw now: that’s cold for the Mazovian summer, but the sky is partly covered by patchy dark clouds, with azure, fading clearings, and the sun is setting over the horizon, giving a red twilight on its line, and a yellowish-red light above it, also shining through the cloud. In God we trust.

  19. Truthist

    NEWSFLASH ON RECENT HIPROCRITE VISITOR TO OUR SHORES CAMPAIGNING FOR MURDER OF OUR “PRE-BORN” CHILDREN & OUR “INFANTS” ;
    .
    .
    Ref.
    Henry Makow? tweeted ;
    .
    Socialists – doing very well by pretending to be doing good
    .
    .
    https://twitter.com/HenryMakow/status/881919206580793345
    .
    .
    ////////////////////////////////////////////////
    .
    Henry Makow retweeted Thomas Paine
    .
    REPORT:
    Bernie Sanders’s Wife Tried To Kick A Bunch Of DISABLED PEOPLE Out Of Their Group Home
    .
    .
    https://twitter.com/Thomas1774Paine/status/881900359035355136

  20. Truthist

    “TELL IT LIKE IT IS” is the exonoration
    .
    .
    Every article has a different theme replacing the previous article’s theme.
    .
    But, for the rather unfortunate Syrians of ancient Syria — OR RATHER FORTHCOMING “GREATER ISRAEL” — the theme is appropriately unfortunately the same ;
    .
    Is..l Secret Intelligence Service [ ISIS ] ;
    .
    Irish Army personnel based in Southern Lebanon will confirm all this too.
    .
    .
    http://www.globalresearch.ca/tel-aviv-pays-al-qaeda-fighters-salaries-the-syrian-wars-worst-kept-secret-that-could-become-israels-nightmare/5597339

  21. Deco

    France – the battle.

    http://www.telegraph.co.uk/news/2017/07/05/emmanuel-macron-accused-drunk-power-amid-french-far-left-calls/

    Macron’s reforms are small in scale compared to the scale of the problem. New labour laws will not fix France. Because all they will do is reduce the competitiveness deficit between France and all of it’s neighbours except Switzerland (currency limitations) and Italy (bureacracy bunched).

    Something far more drastic is required – to reinvigourate the French regions. Paris is too expensive to be able to compete. Distant regions are too rundown and demoralised to be competitive – and are too expensive as well.

    Macron’s policy will leave much of the problems intact, whilst annoying the unions. This is the wrong way to go about change, because he is tackling the powerful unions head on, and they will deliberately try to paralyze the entire system. A better place to start would be to retrench the state, and slim down it’s largesse.

    Melanchon = an all in one package of Brendan Ogle, Joe Higgins and Jack O’Connor.

  22. Truthist

    Another clearly “hidden” agenda — not an oxymoron if u are perceptive in the pattern thus far — article from aul Scallywag himself Mr. Derek Scally of The Anti-Irish Times ?
    Scallyway because of scurillous & untrue accusations against Poland as reminded by our fellow poster Grzegorz.
    .
    .
    https://www.irishtimes.com/opinion/gay-marriage-vote-shows-merkel-wedded-to-short-termism-1.3140866
    .
    .
    Here is the Google.com “Images” results for search terms ;
    .
    .
    Derek Scally AND Irish Times
    .
    .
    https://www.google.com/search?q=Derek+Scally+AND+Irish+Times&source=lnms&tbm=isch&sa=X&ved=0ahUKEwj8tMm7pvLUAhVLPY8KHYavBd4Q_AUICCgD&biw=1301&bih=673

  23. Silver and the Great Future of Mexico
    Hugo Salinas Price
    Lecture of the author at the solemn ceremony of his appointment as Honorary Professor of Northwest Institute of Management of the Russian Presidential Academy.
    Embassy of the Russian Federation

    “The end of the world’s present monetary system is already taking place. The clearest symptom is the frantic bellicosity of the US, propelled by the perception on the part of those who run the US, that the US is losing influence in the world, and that their deep-seated objective for control of the whole world is slipping out of their hands. The end of the dollar as the basis of the international monetary system means the end of the US as we have known it.”

    “The burial of the present monetary system may begin in slow stages, as Russia and China together begin to sell their products to the world, in exchange for gold.”

    “The stabilization of the purchasing power of gold will take place as trade imbalances around the world are eliminated: both trade deficits and trade surpluses will shrink to merely transitory phases among the nations of the world.”

    “Note(1): “By multiplying the 159 billion ounces of paper silver traded in 2016 by the average spot price of $17.14, we arrive at a staggering $2.27 Trillion of notional paper silver traded versus $4.4 billion actual silver investment. Thus, the paper notional silver trading ratio to physical silver investment was a whopping 517 to 1….” (Source: http://www.srsroccoreport.com).”

    • Truthist

      IMPLICATION OF THIS PART ?
      .
      “Note(1): “By multiplying the 159 billion ounces of paper silver traded in 2016 by the average spot price of $17.14, we arrive at a staggering $2.27 Trillion of notional paper silver traded versus $4.4 billion actual silver investment. Thus, the paper notional silver trading ratio to physical silver investment was a whopping 517 to 1….” (Source: http://www.srsroccoreport.com).”

      • Sorry I realize I did not post the URL for the full article.
        See it above.

      • These are derivative trades. Paper promises to buy and sell what does not exist. In this case 517 ounces are traded while only one is available for delivery. In effect the buy offers and sell offers are simply a huge casino where the participants “bet” on the outcome of the price movement. However, this is short selling and in a properly regulated exchange is illegal. Vast volumes of sell orders can overpower the buy orders and effectively drive down the price. JP Morgan is known and observed to do this to drive down the price whenever thy wish. They have a perfect record of winning trades in this casino for over 10 years now. The house is rigged. In the meantime the actual physical is accumulated at the knock down prices. They have a huge physical stash. They are effective agents of the central bank and government.

        The natural role of money of gold and silver directly competes with the fiat credit bankers notes. Real money must be discredited at all costs. The rigging and corruption is wholesale. Nobody knows when it will crack but the leverage at 500 to one is a sign it is near. Then 500 trades converted from one ounce bid by 500 asks to demand for physical should shoot the real price to the moon.

        • Truthist

          I understand all bar this part ;
          .
          “… the leverage at 500 to one is a sign it is near.
          Then 500 trades converted from one ounce bid by 500 asks to demand for physical should shoot the real price to the moon.”
          .
          .
          HOW WILL THIS HAPPEN IF NOT EXACTLY HAPPENING NOW ?

          • The paper market overwhelms the physical market. This is the current practice. However if some of the gamblers asked for delivery of physical instead of being paid in fiat cash the amount of physical silver available for sale would be rapidly consumed.

            At that point there is demand for physical silver but no supply. To entice supply on to the market the price would have to multiply from current levels, and would erupt. This would continue until demand was sated. There is a commercial demand as well as monetary for silver.

            In electronics the silver component is small but physically essential so any price for silver is OK for industrial uses.

            so we wait for the lack of physical supply to overwhelm the paper market OR for the regulators to enforce the law against the criminal enterprises that continue the bare naked shorting.

    • Truthist

      HOW WILL THIS HAPPEN ?
      .
      “… trade imbalances around the world will be eliminated –
      both trade deficits and trade surpluses will shrink to merely transitory phases — among the nations of the world.”
      REDACTED SLIGHTLY BY TRUTHIST

      • When gold is used as money there is no credit. All payments for trade must be cash. That is settled periodically in gold or lesser amounts in silver. With no credit and the discontinuance of rampant money printing. A nation like the US cannot pay for goods with the freely printed money they currently use. There will be no deficit trade allowed as the cash must be produced to pay. Thus exports must roughly equal imports. There will be no accumulation of a countries bonds. Thus Japan or China for example could not export vast amounts of goods and accept credit in payment as they have done. Neither would they collect trillions in bonds for which they may never be paid. The Chinese economy was built on the gamble of never being paid for goods sold. The West just printed the money to pay for the goods effectively getting them for nothing. however jobs in the west disappeared while in the East they mushroomed. A consume society forgot how to create but learned excessive consumption paid with debt.

        On a cash basis(gold) there will be little credit and little trade imbalance. Reduced consumption and little debt. Healthier.

        • Truthist

          SOME “MIND-BLOCKS” :
          .
          1.
          .
          1.X.
          settled periodically in
          .
          1.X.1
          gold
          .
          or
          .
          1.X.2
          lesser amounts in silver

          CONTRADICTS

          1.Y
          With

          1.Y.1
          no credit
          .
          ?
          i.e.
          No I.O.U.s from Buyer of Goods / Debtor ?

          1.Y.2
          the discontinuance of rampant money printing
          .
          ?
          1.Y.2.1
          Only prudent extra issue of Treasury Currency AND it not backed by Gold, & / or Silver, Reserves in Treasury ?
          .
          or even better …
          .
          1.Y.2.2
          Only prudent extra issue of Treasury Currency AND it backed by Gold, & / or Silver, Reserves in Treasury; ?
          .
          .
          SAME SEEMING CONTRADICTION OCCURS ELSEWHERE ;
          .
          BUT … BUT … BUT
          .
          I believe that u again are referring to Feteke’s exhortation for the use of The Bills Doctrine to settle International Trade ;
          As, indeed u have started to do over the last 15 months or so.
          .
          However, I am still unclear if this involves Usury in any way.
          .
          OTHERWISE, IT THESE 1st 2 RELATIVELY EXPANSIVE REPLIES ARE VERY EDIFYING.
          THANK U.

          • Truthist

            TYPO ;
            .
            OTHERWISE, THESE 1st 2 RELATIVELY EXPANSIVE REPLIES ARE VERY EDIFYING.
            THANK U.

  24. https://dollarvigilante.com/blog/2017/07/05/the-federal-reserves-moronic-statements-on-the-whole-foods-buyout.html

    To see how the Federal Reserve itself is a scam set-up to impoverish nearly everyone at the expense of a few, watch this video.

    https://youtu.be/IaDt9T7BF38

  25. Truthist

    Whilst Europe is being deliberately flooded with Muslims from Sub-Sahara, Sahel, Middle East, & Asia, AS “DIVIDE & CONQUER” STRATEGY BY THE DREADFUL FEW,- it may come as surprise to the Occidentals that Arabic Muslims for sure are renowned for being very clean ;
    It is not just self-respect & health they abide by.
    It is part of Islam that they honor too.
    .
    .
    Here is a marvelous photo of indigenous Judaic people who converted to Christianity willfully, & later converted however-so in the main to Islam, from once formerly ancient Judea, & laterally Palestine, & later again occupied Gaza, that suffers from relentless “mowing of the lawn” — Ref. that brave dissident Mr. Finkelstein* — from their returned steadfast cousins.
    .
    *
    David referred to a particular “mowing of the lawn” with voyeurs on the hill-tops, celebrating it all with barbecues & beers & chuckling video interviews, & what-have-u, as “momentous events”.
    .
    .
    HEADING ;
    The Gaza Strip is home to a population of approximately 1.9 m people, including 1.3 m
    .
    .
    https://twitter.com/hashtag/GazaAgainstTheWorld?src=hash
    .
    .
    THE PALESTINIANS SHOULD BE THANKFUL FOR SMALL MERCIES THOUGH.
    IF EWE ARE “HOMELESS + ROOFLESS” IN IRISH STATE ;
    ==> EWE HAVE NO FACILITY TO SHOWER OR BATH.

  26. An Alasdair Macleod Special publication that needs reading three times!!!!!!!

    https://www.goldmoney.com/research/goldmoney-insights/time-for-a-new-gold-standard-for-asia?gmrefcode=gata

    “”Over half the world’s population, living in the Eurasian land mass, understands that gold is money. The leaders of the Asian nations also know that this is true as well. The leaders of the security and economic alliance of the Shanghai Cooperation Organisation, which now incorporates most of these peoples, also know that to become independent of Western hegemony and to forge their own way, they must abandon Western financial systems and markets, replacing them with a new monetary order, serving their own needs. This is demonstrated in the establishment of parallel multinational financial institutions, duplicating and replacing dollar-centric development banks and settlement organisations.”"

    “”It seems remarkable the Western mainstream media has been so absorbed with China and Russia’s leaders as hate figures, that they have ignored their greatest achievement: the unification of Asia under the aegis of the SCO, driven by the vision and partnership of China and Russia. Including the new memberships of India and Pakistan, the combined population of SCO member states is estimated at just over 3,000 million, out of a world population of 7,000 million. Dialogue partners and observer states, who expect to join in time, add 280 million, and the Far Eastern nations with strong economic ties and Chinese diasporas add a further 800 million. Furthermore, Japan and South Korea are bound to be drawn towards the SCO and out of the American sphere of influence..”"

    “It is therefore fundamentally different from America’s top-down imperial culture. Furthermore, all these nations differ from the welfare nations of the West by having low-cost governments, and therefore low tax burdens on their productive populations. The ability of SCO members and associates to foster the improvement of their standards of living is far greater than that of the nations of Western Europe and North America, which are hampered by high-spending governments with welfare costs spinning out of control.”"

    “”Following India and Pakistan, Iran and Turkey are slated to join the SCO, possibly within a year. Again, these countries have populations that save, and given their currencies have a history of losing their purchasing power at an alarming rate, the monetary emphasis is firmly on gold. Therefore, the three billion people in the SCO plus those due to join have a common form of money which binds them, acceptable throughout Asia, and that surely will determine the evolution of government currencies.”"

    “”The redevelopment of the old trans-Asian trade route under the acronym OBOR (one belt one road) is central to this expansion. Not only is it a civilising route, bringing rapid industrialisation to Middle Asia, but it means Chinese production will get to European markets by rail in about ten days (goods are currently taking about fifteen days – but that time is expected to reduce significantly). Furthermore, European containerised quality goods and machinery can be shipped the other way with considerable cost savings. In 2016 1,702 freight trains made this 7,500 mile journey, more than double the figure for 2015.”"

    “”The relevance of Mackinder’s Heartland Theory is that it accords with the vision of Presidents Putin and Xi. It also informed the Americans, with giants of geopolitics such as Kissinger and Brzezinski said to have been influenced by Mackinder. We can therefore assume that America’s deep state sees the Sino-Russian alliance as the principal danger to her global hegemony for this reason. This is where the geopolitical battle-lines are now drawn.”"

    “”In modern times, there have been three theatres of war between America and the dominant powers of Asia: military, economic and financial. While there is, or has been, some sabre-rattling with proxy wars in the Middle East, Eastern Europe and Caucasus, these have been trivial to the big picture. The West, though its public doesn’t yet realise it, has also lost the economic war. That leaves the financial. This is the battleground now chosen by China and Russia, in the knowledge that America is in relative decline.”"

    “Whichever way one looks at it, China now dominates the world economy and has displaced America. The economic war has been lost by America. However, America still controls the money, and while China has made some progress in getting the yuan accepted for trade, it has been too slow, given other events. So far, China has merely stood back and let markets determine the rate of drift from the US. Having established the Asian Infrastructure Investment Bank to attract western capital into infrastructure programmes in the SCO countries, and the New Development Bank (the BRICS Bank), to mobilise capital for infrastructure development in developing countries everywhere, China has set up alternatives to the post-Breton Woods establishment.

    Now it is down to the money.”"

    This following is a most important observation already emphasized by me above.

    “”A savings-driven economy, as Britain demonstrated two centuries ago, and as both Germany and Japan also demonstrated in the last century, is the path to economic progress and political power. This means sound money, money backed by gold, and limits put on the expansion of bank credit. We have no way of knowing for certain that the leaderships of Russia and China share this view, but there are strong indications they might.”"

    “”There can be no other explanation than the state had acquired sufficient gold by 2002 to permit the public to buy. The logic of the state accumulating bullion (mostly still not declared) and encouraging the public to do the same points to the eventual inclusion of gold as a stabiliser for the yuan. Furthermore, China has prioritised gold mining, and refining is a closely-guarded state monopoly, taking in not only China’s production, but also doré from Mongolia and elsewhere. In short, since the great financial crisis, China has come to dominate the physical gold market.

    Both China and Russia, the leading SCO partners, are now positioned to move their currencies onto a sound-money footing. Laying to one side the disruption this might cause in Western capital markets for a moment, powerful motives lie for China to reduce the yuan costs of imported raw materials and goods, and for Russia to render the rouble immune from Western attack. The interests of Russia and China differ, but have a common objective.”"

    “”However, the expansion of digital money must be curtailed, with new central bank money backed by gold at a fixed rate in a currency board arrangement. The expansion of bank credit, if permitted, must be heavily restricted, and there must be no bank rescues. Privately-owned banks must trade on a reputation for soundness, and the banking public made fully aware that they are responsible as individuals for their own assessment of banking risk. Additionally, the government cannot run persistent deficits.”"

    “”The almost certain outcome of the currency war, if China and Russia pursue the sound-money route will be to secure the trade dominance of the Shanghai Cooperation Organisation, and the isolation of America as a power. The era of state money unbacked by gold, which has ended up impoverishing everyone other than lending bankers and their favoured customers, will finally come to an end.”"

    • McCawber

      A random thought.
      Is there any correlation between the expanding supply of money and the growth in world population.
      Explore please!

      • Grzegorz Kolodziej

        In a Keynesian model, there is: it requires an ever increasing population to pay for the debts of the previous generations incurred through the expanding money supply (now: Keynes purists would argue that the original Keynes advocated incurring debts during the recession to pay them off during the boom, while the constant increasing of the money supply w i t h o u t saving during booms is characteristic of neo-Keynesism, i.e. Paul Krugman – but as hardly anyone reads Keynes, we can treat this distinction as academic).

        So what to do if the population is not increasing (more people dying than new children being born)?
        You can import more population, and – if they turn out to be Jihadists rather than skilled labour – you have to increase money supply more.

        So to cut the long story short: shrinking population requires more expansion in money supply.

        BUT

        In a derivatives/securatisation/digital money dominated world we don’t see it as much as people in the Weimar Republic during hyperinflation.

        P.S. I was amazed when, on German TV, during one of the debates, a politician in a rank no lower than deputy minister said this: if 100,000 Polish men make 25,000 German women pregnant each year, that means that we will have 25,000 white Germans born each year.
        But
        The Poles don’t want to live in a country like this:

        https://www.youtube.com/watch?v=1St3U-LhSI4

        I commented on that on a private account read by Wall St insiders: US investors – move to Germany and fire up your life.
        One of them responded to me: “Merkel’s rule of law in danger?”

  27. McCawber

    Hi all – Only just read the article now and none of your comments so apologies if I’m repeating other comments.
    Firstly ECB will raise rates slowly so a total 1% increase could take 2 years to happen.
    Secondly this is not a property bubble, it’s a rent bubble – supply is lagging demand hugely.
    So what is the punter going to do.
    More emigration as people snap and realise that once again they are about to be screwed by official Ireland.

    Tax returns are struggling to match forecasts and it’s starting to become a trend.
    That David is the biggest risk to Ireland. There’s a nessage and an article in that developing problem – an article surely for an economist/journalist.

  28. Truthist

    Just-in for to reveal what is happening because of Justin Trudeau’s policies ;
    The conclusions are not gay / happy at all.
    .
    Irish State prisons, I am reliably told, have a major problem with this activity now too ;
    Male prisons for sure.
    And, I suspect also the same with the women prisons.

    Consider this fact before ewe refuse to pay the TV License pampering of Big Brother-RTE’s luvvies [ Gender-fluid & all ].
    Ewe most likely would be a coerced lamb to the f..k-fest ;
    .
    .
    https://www.henrymakow.com/2017/07/heterosexuals-pressured-to-follow.html

    • @Truthist

      Ah jaysus! You’ve given me a hard-on, man! That’s my fantasy, banged up in Mountjoy as a pretty little fella who looks like Justin Trudeau so I get prison-bitched by all those Northside gurrier gangstas I have to pay for a bit of fun when I’m in Dublin.

      Mind you, when I was a Satanic Teenage Priest Queen, I had a fair few bukkake sessions in the odd Irish seminary. It was great fun back then, lots of repression, guilt and shame to add to the spunk-fest. Now? It’s rare to find a parish on the island of Ireland that doesn’t have a priest on Gaydar/Grindr posing as a GAA hunk. It’s all a bit boring now it’s nothing transgressive and there’s no Jean Genet flava to proceedings. And having a Gay Taoiseach is OK, I guess, but taking a length isn’t transgressive anymore, it’s kinda suburban. Even the str8 lads have copped on to their prostates after watching that AVFC Stefan Postma-gets rogered by his girlfriend video. I’m watching it now, it always reduces me to tears of laughter….#VTWD!

      best
      Andy Mooney
      BCFC-Z B10 BrummieBoy aka Paddy Peaky Blinder

      ps: Truthist – relax, nobodies going to force you to sniff some poppers and ‘go there’. Varadkar won’t be passing laws so all str8s are frog-marched to Kilmainham and buggered blind. Though it’s an interesting thought-experiment given the rumours about the 1916 heroes…scurrilous rumours!

      Andy <3 Michael Collins…

    • Truthist

      Former Taoiseach, Bertie from Dromcondara, was glad to declare ;
      .
      “The Boom just got boomier !”*
      .
      *
      REAL DUBs KNOW IT GOT EVEN MORE WORSE.
      AND, THEY WILL ALSO NEVER FORGIVE HIM FOR HIS CORRUPTING OF THEIR YOUTH WITH HIS CULTURAL AGENDA TOO.
      .
      ///////////////////////////////////////////
      .
      Well, I am sad to inform to ewes all ;
      .
      “The Bumming just got bummingier”
      .
      .
      THE REPERCUSSIONS OF THAT WHICH IS PROMOTED BELOW HAS AN IMMEDIATE & LONG-TERM ENORMOUS NEGATIVE IMPACT ON :
      .
      A]
      Health “from bottom to top” of all such participants in Irish State
      .
      B]
      Economy of the Irish State
      incl.
      .
      1.
      Department of Health / Get More Ill
      .
      e.g.
      HIV, & other very serious STD’s
      .
      2.
      Department of Finance / Collecting for The Rothschilds
      .
      e.g.
      Customs Sub-Department vis-a-vis combating against attendant extra flooding of hard drugs required by most of the particular participants of such activities
      .
      3.
      Department of Justice / Injustice
      .
      e.g.
      .
      3.1
      Drug Squad vis-a-vis :
      .
      3.1.1
      combating against attendant extra flooding of hard drugs required by most of the particular participants of such activities
      .
      3.1.2
      combating against attendant extra surge in offenses against the person crimes arising from many of the particular participants who use drugs with such activities
      .
      3.1.3
      responding to — or more likely “stone-walling” — complaining parents concerned about their children [0 to 18 + years ] — vis-a-vis being raped or otherwise sexually abused & groomed — about the offensive behavior of such folk
      .
      inter alia
      .
      …………………………………
      .
      HEADING ;
      Gay prime minister launches global LGBT lobby group :
      ‘We cannot afford to be complacent’
      .
      MADRID, Spain,
      .
      .
      July 3, 2017
      .
      (LifeSiteNews)
      .
      THE ARTICLE ;
      Xavier Bettel, the homosexual prime minister of Luxembourg, is spearheading a global effort with other world leaders to push for “LGBTQI rights.”

      The new homosexual group is made up of self-appointed “officials” and “experts,” and is to be called the “LGBTQI Elected and Appointed Officials Experts Group.” It will be controlled by the Gay and Lesbian Victory Institute along with the organizers of the World-Pride Human Rights Conference.
      .
      The group’s mission is to “provide advice” to activist leaders on worldwide “equality initiatives” as they relate to lesbian, gay, bi-sexual, transgender, queer and intersex persons. Its first move is to disseminate a questionnaire designed to garner “officials” and “experts.”
      .
      One of the new organization’s goals is to portray the homosexual and “transgender” agenda as about human rights. Indian “trans” activist Apsara Reddy explained, “All politicians must look at LGBT issues as a human rights issue.”
      .
      “We’re facing a real perilous situation in (the United States),” St. Louis Alderman Shane Cohn explained, referring to the Trump presidency. He said that during former President Obama’s terms in office homosexuals “made great strides,” but Trump has put gay “advances” at risk.
      .
      “We cannot afford to be complacent,” Scottish MEP Alyn Smith urged, saying gay “progress” is “not inevitable.” He cited the Brexit vote as an example that “things can go backwards.”
      .
      The new gay organization was launched in Madrid two days before a major “WorldPride” parade.
      .
      Other “officials” and “experts” include
      Costa Rican Vice President Ana Helena Chacón Echeverria, Taiwanese Digital Minister Audrey Tang,
      European Parliament Vice President Ulrike Lunacek,
      Spanish Senator Pilar Lima,
      Ecuadorian Congresswoman Diane Rodríguez,
      Venezuelan National Assemblywoman Tamara Adrián,
      Canadian MP Randy Boissonnault,
      South African MP Zakhele Mbhele.
      .
      ………………………………………………
      .
      https://www.lifesitenews.com/news/world-leaders-form-group-to-push-lgbtqi-rights-as-human-rights

      • Truthist

        THE WESTERN WORLD IS NOW VERY SICK
        .
        EVEN THOUGH THE DREADFUL FEW ARE SPONSORING THE MORAL DECAY OF THE WEST, CAN THE FOLLOWING REALLY BE BLAMED ON THESE SPECIFICS :
        .
        PRIVATE CENTRAL BANKING ?
        .
        FRACTIONAL RESERVE BANKING ?
        .
        .
        PUBLIC SEXUAL-ABUSE OF MALE BABY BY ADULT MALE PROTESTER
        .
        MOTHER OF BABY IS SUPPORTING THIS BEHAVIOR TOO
        .
        So, there u have person parading their baby AND is agreeable to their child being sexually abused
        vis.
        Adult Male Sex-Abuse of Male-Baby
        .
        PERSONALLY, I SUBSCRIBE TO THAT SCHOOL OF SKEPTICISM ABOUT THOSE WHO PARADE THEIR CHILDREN IN PHOTOS & VIDEOS ;
        ALL FOR SHOW AT LEAST.
        BY DECEPTION, …
        .
        .
        Male sex-abuser of Male Baby in following video does NOT look like he is Arabic ;
        I think that he is not even a Refugee.
        But, rather, a professional “protester” / “agent-provacateur” who is a pervert.
        .
        .
        HEADING ;
        ‘Refugee’ grabs a little child’s crotch & smiles to the camera!
        .
        ………………………………
        https://www.youtube.com/watch?v=uG-ZOFNKppw

      • Truthist

        Ref.
        “Health” Issue mentioned above ;
        .
        AFTER “GAY PRIDE” EVENTS IN IRISH STATE RECENTLY :
        SPIKE IN PEDOPHILIA ?
        SPIKE IN STDs ? ; Especially HIV / AIDS, Syphlis, Gonorrhea [ For many persons infected with latest developed strain of Gonorrhea, best anti-biotics cannot cure it ]
        .
        THUS, IF U KNOW PERSON OF THAT HIGH-RISK ACTIVITY, OR HAS-G..-BAR, REMIND THEM TO BE RELENT IF ONLY FOR THEIR OWN HEALTH’s SAKE.
        IRISH STATE’s ECONOMY MOST UNLIKELY TO BE OF CONCERN FOR THEM KNOWING THAT THEY SO … STRAINFULLY G..Y / HAPPY.
        THUS, REMINDING THEM OF PRIOR DISASTEROUS IMPACT OF HIV / AIDS ON CERTAIN COUNTRIES ECONOMIES IS WASTE OF BREATH.
        .
        ………………………………..
        .
        Henry Makow on Twitter
        .
        TWEET ;
        “Story fails to identify this as largely a homosexual problem
        .
        .
        https://t.co/XSsPpRTUpu

    • Truthist

      VERY PERCEPTIVE + HELPFUL VIDEO
      .
      NOTE THE 5 Point STRATEGY THEY HAVE
      .
      …………………………………………..
      .
      @ GRZEGORZ,
      How does that dovetail with general Strategy as devised Sun Tzu or Clauswitz ?
      .
      ……………………………….
      .
      And, until this video, I did not know that there is law against photographing the notorious Tavistock Clinic, London
      .
      Tavistock Clinic is obviously linked with London School of Economics / Spies
      Thus ;
      London School of Spies
      .
      .
      So, apropos of Ms. Frances Fitzgerald [ Tanaiste ] ;
      .
      “Prior to entering politics she trained as a social worker and family therapist ;
      Obtaining
      a B.Soc. Science from UCD
      an M.SC. in Social Administration and Social Work from the London School of Economics.”
      .
      Ref.
      http://www.thejournal.ie/profile-minister-for-justice-equality-children-affairs-frances-fitzgerald-1453952-May2014/
      .
      .
      SHOULD NOT “An TANAISTE MS. FRANCES FITZGERALD” [ ALSO, CURRENT Min. for Enterprise & Innovation ] NOT BE QUIZZED BY THE MEDIA IN IRISH STATE & IN NORTH EAST OF IRELAND, & INTERNATIONALLY ALSO, ABOUT HER PROBABLE ? / POSSIBLE LINKS WITH NOTORIOUS TAVISTOCK CLINIC ?

      Henry Makow?
      @HenryMakow
      .
      TWEET ;
      The Homosexual Agenda- Reader :
      “These Russian filmmakers effectively cover a lot of ground. Really important film.”
      .
      .
      …………………………………………..
      .
      https://twitter.com/HenryMakow/status/882587828315721728

  29. terryhewett

    @ Grzegorz

    The “Australian rising” called the high-rising terminal (HRT) has been observed in South Africa, US, NZ, Oz and Canada; as well as the UK and is a feature of mid-Ulster and Belfast accents.  Its origins remain uncertain.

    Interesting that it has turned up in Poland.

    • Grzegorz Kolodziej

      I don’t know how it turned up in Poland since those presenters who use it don’t actually speak good English (but maybe they listen a lot). The thing is that whatever originates in fashion-centres (thus far this, I think, is west off the Vistula river part of Warsaw (so like south Dublin) phenomena) will sooner or later spread to the whole country (just listen to how the youth speaks: apart from social classes with strong identity, the new D4 accents has now spread to almost all Ireland, and among the youngest, you can hear it dozens of miles of Donnybrook).

      It’s not that I’m against foreing borrowings (that would be futile anyway) – but I am against it when it is a blind copying of someone elses patterns (who were fake in the original country anyway) without properly understanding it.

      The paradox of it is that me, who didn’t have much contact with the Polish language for the last 2 decades (hence my consonants pronunciation in Polish in anglicised, so much so that while all Poles living in Ireland long understand what I say, the shopkeepers in Poland sometimes ask me to repeat it – due to the fact that after about 10 years of you speaking in a foreign language, some muscles of your tongue vanish and others develop), yet I put the correct stress on syllables in Polish, and the young “intelligentsia” do not (they don’t even hear it that it is incorrect).

      The anglicisation of the Polish language melody started from corporations dubbing in Polish the same commercials they had in their original countries, and the voicevoers trying to emulate it – except in the 1990s everyone heard that this was wrong, and now noone younger than 20 does.

      I didn’t think that HRT might have originated from Belfast accents, but come to think of that, it makes sense. It sort of started through dumb television shows, and in the US, it is often associated with L.A.

      I would reserve some scepticism to that link though (not in terms of historical origins, but its recent phenomenon), because if these two things are linked, then why all of these pronunciations (South Africa, US, NZ, Oz and Canada; as well as the UK – apart maybe from parts of Cornwell, where old people speak a little bit like in Cork) have the fern–fir–fur merger – unlike the mid-Ulster and Belfast accents (and the whole Hiberno-English), which retained the pre-merger pronunciation?

      • terryhewett

        @ Grzegorz

        I have amended my notes on this subject to include yr thoughts on this phenomenon for a projected book on language. I am interested in language shifts and why they occur.

        • Grzegorz Kolodziej

          Are you thinking of writing it?

          • terryhewett

            At some stage yes: I have yet to decide on the broad scheme and object: just a load of notes at the moment.

        • Grzegorz Kolodziej

          Would it be on language shifts, or would that be just part of a broader topic? I’m asking because I’m interested in linguistics and philosophy of language.

          • Truthist

            GET SMART ;
            AVOID CHAOS.
            .
            .
            “In the beginning was the Word.”
            .
            After viewing videos of Mr. E. Michael Jones PhD, I gather that he asserts that the Word is specifically Logos / Order ;
            .
            So, … ;
            “In the beginning was Order.”
            .
            ………………………………..
            .
            Linguistics is the gateway to how each of all of us thinks ?
            Even our visual thinking is accompanied & / or later reasoned by our internal speaking initially ?
            Satisfactory answer to the above 2 questions exists ?
            If “Yes”, what is it ?
            And, how was it determined.
            Unless we are thinking aloud [ a very brave, & often beneficial, enterprise ; Although, most times it gains derision ].
            .
            .
            Incidentally, in the following video, Jones reveals that his mother is Irish.
            .
            https://www.youtube.com/watch?v=obtgaZ97Kdc

          • Truthist

            E MICHAEL JONES IN POLAND ;
            .
            .
            Google.com results for search term string ;
            .
            .
            E Michael Jones in Poland
            .
            .
            https://www.google.com/?gws_rd=cr&ei=3KRhWf3LHov8vASX_4vwCQ&fg=1#q=e+michael+jones+in+poland
            .
            …………………………………
            .
            e.g.
            .
            http://www.bibula.com/?p=71820
            .

  30. terryhewett

    @ Grzegorz

    PS: I bake my own bread including the dreaded Sourdough Rye Chleb: if you have a mixer then it only takes 5 minutes, let it rise and bang it in the oven.

  31. Truthist

    Consequtive U.S.A. Administrations – Democrats & Republican & The Kushner Mafia / Trump – of course are just following orders, from The Dreadful Few who dominate the U.S.A. both “internally” & “externally”, in harassing North Korea into war for the sake of :
    .
    1.
    inserting a private Central Bank [ And, it linked with The International Bank of Settlements of The Rothschilds ]
    .
    2.
    remove yet another country from being in any way sovereign [ even if a country does have a private Central Bank ]
    .
    3.
    imposing The Frankfurt School socio-pathology [ occasionally manifest on this blog regrettably ]
    .
    4.
    have a blood-fest of innocents & U.S.A. “essentially dumb stupid animals [ i.e. soldiers ] to be used as pawns in foreign policy.” Ref. Henry Kissinger PhD & War Criminal ;
    Quote is slightly redacted by Truthist.
    .
    And, it appears now that there is another reason ;
    .
    .
    HEADING ;
    North Korea’s Six Trillion Dollar Question
    .
    .
    SUB-HEADING ;
    North Korea holds trillions of dollars in mineral resources.
    Unless it reforms its economy, it may never see much benefit.
    .
    .
    By Scott Thomas Bruce
    .
    .
    August 30, 2012
    .
    .
    Rare earth metals can be a game changing bonanza for North Korea, but, without reform, their claim is likely to pinch out. In the end, the North Korean government must determine if the minerals will be a lever to shift political relations in the region, or if it will continue to sell its most valuable asset at a discount.
    .
    If North Korea is willing to create conditions for investment, its supply of rare earth metals and its rich mineral sector have tremendous transformative potential. As Leonid Petrov notes, rare earth metals are highly attractive to Taiwan and Japan, and could override some of the political issues blocking the development of relations between the states. This could change the regional power dynamic in Northeast Asia as North Korea becomes a hub for investment from China, Japan, South Korea and elsewhere. However, for this to happen, the value of the resources, including the cost of extracting the minerals from North Korea, must outweigh the risks of doing business there.
    .
    The value of rare earth metals and their relatively limited supply would seem to work in North Korea’s favor. Rare earth metals are used in the construction of everything from iPods to precision guided missiles. China currently produces more than 95% of the world’s output of these metals. China’s control over these minerals has regional implications for Northeast Asia. For example, in 2010 Japan alleged that China suspended its export of the minerals to Tokyo in response to a territorial dispute between the two countries. The EU, U.S., and Japan also recently brought a case against China at the WTO for unfairly inflating the prices of these minerals.
    .
    .
    http://thediplomat.com/2012/08/north-koreas-six-trillion-dollar-question/

  32. Truthist

    Speaking of the relentless pernicious Frankfurt School
    .
    .
    And, The Frankfurt School has a very determining Economic Agenda & Economic Impact too.
    .
    .
    Here is one of the most important, & intellectually honest, thinkers, Camille Paglia [ Female self-declared as bi-sexual ] of modern times ;
    .
    .
    HEADING ;
    Truth Bombs about Feminism, Male Creativity & Generation Snowflake – Camille Paglia
    .
    .
    https://www.youtube.com/watch?v=vvrxQ4M3EOo

  33. terryhewett

    Rare earth production is now being explored in Southern Africa: they seem to have everthing else.

  34. Truthist

    HEADING ;
    ENTER “THE NATURAL GAS CARTEL”
    .
    Jul 05, 2017 – 03:05 PM GMT
    .
    By: Jim_Willie_CB
    .
    Commodities
    .
    .
    EXCERPT ;
    The King Dollar is mortally wounded. Many notice but the masses seem largely unaware. Since 1971, the Gold Standard has been removed from its anchor position. But since 1973, the Petro-Dollar has taken its place. It has called for crude oil sales led by the Saudis and OPEC to be transacted in USDollar terms, for oil surpluses to be stored in USTreasury Bonds, and for some kickbacks from the Saudis to the USMilitary complex for weapons purchases. Of course, the US is ready willing and able to create strife and to foment wars whereby the Arab oil monarchs will need more weapons. Since 2014, many events have pointed to the crippled condition of the important link between the USDollar and crude oil. The price has plunged by 50% of more, and not recovered. It is currently lurching in the nether bounds near the $45 level. Anything less than $65 to $70 per barrel is very dangerous for keeping the oil sovereigns afloat and for keeping the US energy sector solvent. Witness the Wall Street banks having tremendous problems with impaired bonds and toxic energy portfolios. They seem not resolvable. They cannot keep the oil price over $50, a sign of their impotence.
    .
    Not enough financial analysts connect the new normal of a much lower crude oil price with the eventual vanishing act of the Petro-Dollar. The Wall Street banks are deeply exposed on their entire energy portfolios, which include both bonds and commercial loans. Tens of $billions will have to be written off as loss, beyond the $billions already declared as losses. These corrupt banks have worked their magic to lift the oil price above the $50 level, but failed. They worked the task for over a year, but failed. They need an oil price over $60, but failed. The Saudis did not help the cause, by their ongoing extra output to finance their filthy Yemen War. The Saudis earned the anger of their OPEC partners, especially the Gulf Arab allies. The Wall Street banks deeply resent the Saudis for this deed, but the USMilitary complex loves the Saudis. The other Arab oil producers also harbor consider rancor toward the Saudis, who really have no friends in the entire Persian Gulf region. They are so worthy of a palace coup, which would bring clamors of rejoicing in many corners of the West if it were to occur. The day might be close.
    .
    The Saudi warrior prince just made more enemies in-house with the push to become crown prince. The dozens of half-brothers will plot against him. Many analysts believe an internal collapse in Saudi-land cannot occur, due to control by the royals of the key factions like the military and religious center. Keep in mind that bankruptcy has a way of sweeping factions aside. A failed ARAMCO stock deal could trigger some internal battles, and reveal the bankruptcy in addition to the lies on national oil reserve wealth. The kingdom’s bankruptcy could become a major topic soon, as the Jackass has been harping on. Be on the lookout for a strange suspicious death event for the king, which could trigger violent episodes from rival half-brothers, many of whom have had their families cut out of wealth distribution (confiscation) for decades.
    .
    .
    PETRO-DOLLAR IS DEAD
    .
    The Petro-Dollar is a dead standard. The important functional parts, such as the derivative machinery, have been dismantled over the last four years. A key hint on the massive rift between the US and Saudis was the contrived legal prosecution cases with the big Swiss banks. It seems the Swiss simply bent over and took it in the rear flank from the Washington NeoCon criminals. No precedent exists for the USGovt to sack control of a sovereign nation’s big banks like what happened with UBS and Credit Suisse. Pay no heed to the formal charges of tax evasion and Iran sanction violations. These were pretexts for stealing the Arab gold in Swiss bullion banks. Notice that a year later, the Saudis worked to move hidden gold hoards into the safe confines of Deutsche Bank. The threads are complex, since the Qataris pulled their funds out of D-Bank, thus rendering it more exposed. Some of the most convincing evidence of a dead defunct Petro-Dollar is the multiple fronts of war to defend the USDollar. Back in 2005, the Jackass wrote often about how in several years the King Dollar will be defended by war. It is here.
    .
    Right here, right now, the numerous hot spots rage with war, sanctions, and boycotts within the Arab monarchies. The Jackass regards sanctions as a clear indication of failed foreign and economic policy. A crystal clear observation is that unity behind the USDollar is gone. The failure of the Petro-Dollar is a signal to all countries to bail out on the USD and to find a better linkage for commerce and banking. The Eurasian Trade Zone does precisely that on both fronts. … ”
    .
    .
    http://marketoracle.co.uk/Article59585.html

  35. Truthist

    Re ; TRUMP IN POLAND NOW
    .
    Presently on Henry Makow’s website ;
    .
    Incidentally, Henry Makow — of Jew ethnicity — lost 2 of his Polish-Jew grandparents in German concentration camps or death camps placed at sufferance of the Poles in Poland by the National Socialist government of Germany.
    .
    July 6, 2017
    .
    HEADING ;
    Trump-In-Poland-To-Attend-20-Summit.
    .
    Observations from a Polish Canadian
    .
    .
    by MG
    .
    THE ARTICLE ;
    As you’ve probably heard Trump was in Poland Wednesday and my did he get a welcome party … the propaganda machine was in overdrive last night and all day today in Poland. So he had a meeting with our President and then he made a beautiful speech about Poland being the heart and soul of Europe and our determination and will as a nation and people … he probably won over tons of Poles with it being that he even pulled at my heart strings even though I new there was a game of emotional manipulation going on here. Later there was a press conference with the media where he took shots at Russia and North Korea. Finally late last night it was announced that the US is selling Poland the Patriot missile defense system. All of this added to the already 10,000 or so American soldiers that have been in Poland since Obama sent them over here last fall; interestingly all of them are being stationed in the Western part of Europe closer to Germany and none in the east close to Russia.
    .
    Now my take … American and British free..mas..onry (like your recent article showed they always have been one and the same) are preparing Polish free..mas..onry to be ready again to sacrifice their young Polish men and women as a part of the Wests political and military chess match with Russia and China. Like Poland was sacrificed before and after WW2 to the Nazis and Soviets it looks like we are being set up for a repeat; there are 2 major forms this could take ….
    .
    1 – The more obvious is the Polish government sending thousands of Polish soldiers to Ukraine to help the Ukrainians in their losing battle against the Russian separatists.
    .
    2 – The less obvious but I think equally as possible is the sudden beginning of a Polish – Belorussian war that would be a proxy war between the West and Russia. I don’t have to explain why the West would want this war; they like every war as they see all of them as a business. As for Russia, they might want this war because President Lukaszenko of Belarus over the last year or so has been making moves that seem to show that he wants be the like an Orban in Hungary or Erdogan in Turkey … so a free agent in the whole chess match and not a Russian puppet state. A war with Poland might force Lukaszenko to jump back into Putin’s outstretched hands.
    .
    .
    Ref.
    http://www.henrymakow.com

    • Grzegorz Kolodziej

      1. A contract for Patriots has been negotiated for years (actually going back as far as G.W.Bush – it’s just that now Poland got them for a normal price, rather than subsididing the US taxpayer paying over-the-market value, as it has been doing for 2 decades.
      2. Since PiS came to power, relations with Belarus have vastly IMPROVED. PiS even closed the Belsat TV, which Lukashenko complained about, as it was revealing some corruption. So unless Russia and Belarus attacks Poland, I think that the likelihood of a proxy war is much LESSER now than it was a year ago (especially since the presence of the US troops in Poland – as promised by Trump during his meeting with the Polish diaspora, and covered by me as the only English-speaking news source on the British Isles – if not the world – who did so – restores the balance of power a little bit: so far only Russia had 500,000 soldiers at the Polish border, with Polish 100,000 and NATO, practically, zero – that’s change since Mr Trump won), when Lukashenka was egged on by Putin to carry on a massive manouvers with the Russian army at the Polish border, with 100,000 Russian soldiers or so.
      Well, discouraged by the presence of the US troops in Poland and encouaraged by a friendly attitude to him by the PiS government, Lukashenko has now reduced the number of the Russian soldier that will take part in these manouvers to a few thousend.
      Btw – did you know that out of all these countries bordering with Poland on the east: Lithuania, Ukraine and Belarus, and Germany in the West, Belarus is the only one where the Poles have full rights as an ethnic minority? Lukashenko even allows them to celebrate their independence day by veterans attending church masses in full military uniforms (in Lithuania for a change, there is a forced Polonisation: but Lithuanians, as well as Ukrainians, are egged on in that by Germany).

      • Truthist

        Necessary correction Grzegorz,
        .
        “… as the only English-speaking news source on the IRISH ISLES, & the British Isles — if not the world — who did so …”
        .
        Irish Isles > Island of Ireland > Irish State + North East of Ireland NOT in British Isles.
        .
        .
        F..k the City of London cartographers etc !
        .
        .
        ………………………………………..
        .
        .
        “…
        1.
        in Lithuania for a change, there is a forced Polonisation :
        2.
        But Lithuanians, as well as Ukrainians, are egged on in that by Germany.”
        SLIGHTLY REDACTED BY TRUTHIST
        .
        .
        Re ; 1.
        .
        1.1
        Is Polinisation ipso facto a negative ?
        .
        1.2
        Is this particular Polinisation more negative than previous Polinisations ? ;
        Obviously, it is more negative because it is forced ;
        “ipso facto” again ?
        So, I qualify the question with guess that enforcement occured before ;
        Is this particular forced Polinisation more negative than previous forced Polinisations ?
        .
        .
        Re ; 2.
        Why is Germany egging on forced Polinisation ?
        .
        .
        Ur very briefest answers are more than fitting because it is very likely that bar our own 4, the bulk of pupils are only available to be edified from discussion to next article.

      • Grzegorz Kolodziej

        I only say British Isles as a geographic term, to avoid confusion – not as the political stance. They were coined by victors, I know. We are entrapped in it. If that’s any consolation to you, in Polish you say: “kanal La Manche” as the only correct way, not the English Channel. But of course, I don’t say “La Manche” channel in English, because that’d be ludicrous. If you’ve noticed, I often say “the island of Ireland” in general writing, and use ROI and NI when it comes to economic/political system analysis.

        1.1 Forced Lithuanisation, of course. When I’m in a hurry, I’ve to write even faster and make more mistakes.

        “F..k the City of London cartographers etc !” – this might be one of the most revealing videos you’ll ever see:

        https://www.youtube.com/watch?v=lPNrtjboISg

        They told us in primary schools about how those maps were made, but they never showed us a real map.

        “Why is Germany egging on forced Polinisation ?” – Lithuanisation and Ukrainisation.
        Why, to conflict the Poles with them, unhinge the Intermarium project, and make these countries seek their protector in Germany.
        If you look at the history, they’ve been doing that for the last century (especially before/during WWII).
        Some say that Lukashenko has now sold off to Eurasian project.
        I’d say he is a clever fuck waiting and observing.

        I think that Trump derailed that for the time being, and Merkel is f u r i o u s.

        • Truthist

          I hear that there is a new significant Capital in Belarus
          .
          And, I am not sure right now whether it was u or Deco who recently informed us that thereabouts is the real centre of geographical Europe.
          .
          I am not alone in perceiving that the Dreadful Few are in process of stealing Ukraine as insurance policy for bail-out by their Dupes from what is a very punishing arid roasting climate.
          .
          8-)

        • Truthist

          Merkel is only a puppet of course ;
          Just like most Prime Ministers & Presidents.
          .
          Germans do not control Germany ;
          I have that personally from obvious BND 1-time-only interlocutor who genuinely took me into his confidence because it is obvious that I not a player & speak the truth carefully.
          .
          .
          ……………………………….
          .
          DO NOT FORGET THAT WHICH IS OBVIOUS BY EVEN THOSE WHO BOTH “HAVE NO ANIMOSITY TOWARDS POLAND” + “HAVE NO ADMIRATION OF POLAND” THAT POLAND & POLES ARE PERHAPS THE MOST SUSCEPTIBLE ENTITIES ON THE PLANET TO BEING EXPLOITED BY PRAISE etc.
          .

          • Grzegorz Kolodziej

            Germany is not fully controlled by Germans, but it’s not like it isn’t controlled at all. For instance, the control that Germans have over their country is far greater than not only the Irish, but even Ulster Scots have other north of Ireland (I’m talking legislation and economics).
            Bear in mind that the anti-Polish German propaganda goes hand in hand with the anti-Polish Israeli propaganda: these two are coordinated. Jan Tomasz Gross for example, though living in the US, was mainly promoted by Germany.
            Because – and you’ve forgot that again – the “Polish concentration camps” was first coined and promoted in the western media n o t by the US or Israeli Jewry, but by the ethnic German Nazis in Dienstelle 114.
            And some Israeli politicians thought: hmm… we love that! Yes, we take it, please!
            This is the thing your BND interlocutor didn’t tell you. And how would you know that he was from BND? They don’t tell these things to people: you have trace it by their financial transactions and stuff (i.e. foundations they are in).

            “POLES ARE PERHAPS THE MOST SUSCEPTIBLE ENTITIES ON THE PLANET TO BEING EXPLOITED BY PRAISE etc.”

            But now they’ve learned that the praise has to be followed by concretes :-)

  36. Truthist

    @ Grzegorz,
    .
    Interesting angles & info. in this blog that I found as recommended link in 1 of my regular ports of call ;
    I suggest that u bookmark it for later access were u to compose again on matters of “Irish Isles” versus “British Isles” Conflict.
    .
    I am prepared to re-evaluate my heretofore high opinion of John Stalker ;
    Well, I was always suspicious as to why the Stalker affair transpired as it did.
    Perhaps our resident self-confessed GCHQ Cheltenham Warehouse Hasbar-a-homosexualisation implausible poster knows why.

    • Grzegorz Kolodziej

      And if that’s even more consolation to you, look carefully at the map of Ireland we put on in the Irish branch of our “Tea Party” like organisation in Ireland:

      http://idzpodprad.pl/archiwum/aktualnosci/item/321

      And it’s not like there are anti-British (very strong network in Britain).
      But but but
      Did you notice something with the map?
      Did you? :-)

      • Truthist

        I am not a fan of Tricolor flag ;
        Even visually, Green-White-Gold [ originally I am authoritatively told ] or just Green-White-Orange does not work well together.
        I could express more misgivings.
        .
        Anyway, Green is not our colour ;
        .
        Ireland was never really as green as it is now until the Brits cut down our “brown” -> “amber” “bare-back” 8-) -> “green” forests of mainly Oak.
        .
        Our real colour is Blue
        .
        We are the Snake People after all with blue as our colour.
        .
        ……………………………………………
        .
        JARED KUSHNER IS THE REAL PRESIDENT OF USA ;
        AND, HE IS A REAL SNAKE !
        BEWARE POLAND !

        • Truthist

          “brown” -> “amber” -> “bare-back” 8-) -> “green”

          • Grzegorz Kolodziej

            Yes, but these are subtleties and you are being fussy (Polish flag colours were also changing: in Poland, until 1831, there was no consensus as to what the colors of the national cockade should be. Polish soldiers wore white, white-and-red, blue-and-red or blue-white-red cockades.); and besides: that’ not the alternative: Tricolour v Blue. The alternative is Tricolour v Union Jack.
            Besides, as practically no one in the world knows that blue has anything to do with Ireland, if you put a blue flag of Ireland, in worlds opinion you are sending a signal that you’ve just subjected Ireland to Israel.
            Is that the signal you want to send to the outside world?

            P.S.
            1. The first Polish banner (circa 1000 AD):

            https://pl.wikipedia.org/wiki/Flaga_Polski#/media/File:Alex_K_Kingdom_of_Poland-flag.svg

            2. The original First Polish Republic flag (strictly speaking, the Commonwealth of Poland and Lithuania flag):

            https://pl.wikipedia.org/wiki/Flaga_Polski#/media/File:Flaga_Rzeczypospolitej_Obojga_Narodow_ogolna.svg

            T h a t, you have to agree with me, looked much more impressive – didn’t it?

            3. The flag of the Polish underground forces:

            https://pl.wikipedia.org/wiki/Flaga_Polski#/media/File:Flaga_PPP.svg

            The symbol that you see is the “symbol Polski walczacej” – “The Polish resistance symbol”.

            Displayed when President Trump was speaking :-)

          • Has to be the most inane and mind-numbingly boring discourse on this blog to date.

          • Grzegorz Kolodziej

            Adam, I think you might find this more inane: today at the CCJ, Mr Christopher McDonald, from the East Wall area of Dublin, has been convicted of being the murderer who shot a man with a sub-machine gun in a busy at the Blanchardstown Pigeon Racing Club car park.
            Go figure.

        • Truthist

          This thread not inane whatsoever ;
          Rather, it is touching on the hub of matters.
          .
          That Ireland adopts again the colour blue as basis of our flag — e.g. St. Patrick’s Blue even [ a later blue ] — is easily achieved.
          Also touching on the hub of matters, Irish nation have already adopted the “scannan gorm” [ I do not know how to do "fada" ] with gusto for some decades till now.
          But, then again, so is every other nation an epicure of gorms.
          .
          That the rest of the world accept our new flag is also not a big problem to achieve ;
          Indeed, it is also an opportunity to educate them & our own as to us & them.

          • Grzegorz Kolodziej

            “That the rest of the world accept our new flag is also not a big problem to achieve” – no, I disagree. Building a brand of a country is a very long process. Ireland has been associated with green (not necessarily with Tricolour, as I think this is more associated with India – these two flags are, for non-Irish, almost impossible to tell).
            So it takes decades to do it, and you still didn’t give me any reason WHY this effort of money and time to change the world pereception should be undertaken in fist place.

            I think that every minute wasted on such things could be better spend on things like the reunification of the island of Ireland.
            Even the Irish accent is practically unknown for non-English speaking populations – let alone blue as having anything to do with Ireland (apart of course for those living in Ireland): no language schools teach it, for example; it’s always either British English or American English; and if most non-native English speakers (99% perhaps?) would actually think that south Dubliners are Americans, by accents.

            To that, you can legitimately raise an objection that flags do get changed, i.e. Polish flag now has different colours than after WWII-1989, and that one was different to the Polish flag between WWI – WWII: so why not changing the Tricolour into the blue flag?

            Well, I think the answer is that these were subtle changes, not dramatic ones such as from green-white-orange to blue.

            For example, you often write about landlordism and homelesness. I also often write about landlordism (which entails homelesness).

            So the question would be: what would you rather do (I mean, if you had power to decide) – solve the problem of homelessness in Ireland, or change the world’s perception that the Irish flag is blue, and not a Tricolour?

            Because I reckon it would cost at least as much to change the world’s perception in that, as solving the homelessness/lack of housing supply problem in Ireladn – if not more.

            Bear in mind how much money it cost to produce the image necessary to keep the Holocaust industry going (in terms of all Hollywood films, books, etc).

            Of course, between me and you, we can maintain that the Irish flag is blue. I’ve no problem with that; furthermore, I like older things.
            But
            That will not change even the perception of 99% of Irish that Tricolour is not the right flag, and we don’t recognise – let alone the world.
            All it will do it would damage the image of Ireland (as a country that doesn’t even know what if its flag is green or blue).
            Btw – this dilemma might be false to start with, as it is far from certain that the ancients (so the ancient Irish too) even distinguished the colour green and blue.
            There is a lot of evidence that indicates that they didn’t, which would make our discussion futile.
            In many languages this distinction does not even exist (which would indicate that the original speakers of those language didn’t see them as different colours).
            In classical Arabic for instance, the color of the sky is sometimes referred to as “the green” (al-khadra’).
            The ancient Egyptian word wadjet covers the range of blue, blue-green, and green.
            Hebrew, Italian, Russian and have separate words for light blue, which English does not have.

            Polish, in turn, while having separate words for green and blue, has two separate word for the colour of the sky in certain circumstances (in high altitudes, or when it is cloudless and hot): “blekitny” and “granatowy” (granatowy is the colour of pomegranate) – that none of those languages have, and none of them mean blue.
            This is apart from yet another word for colour that English does not have: “siny”, and which occurs in Russian two (the two words above do not).

            Bear in mind that in Welsh (I lived in Wales) the word “glas” that is usually translated as “blue” to the color of the grass, or of silver (which would indicate the ancient Welsh didn’t distinguish between – so probably neither did the ancient Irish).

            The word “gwyrdd” for green in Welsh is not Welsh: a borrowing from Latin viridis.

            In Old and Middle Irish “glas” was a blanket term for colors ranging from green to blue to various shades of grey (e.g. the glas of a sword, the glas of stone, etc.) – the old Irish didn’t have words uaine, uaithne, or liath.

            Greek has a completely different colours than English, Polish or Irish (ie. kyparissí ‘cypress colored’ for brownish green: and ancient Greek has completely different names for blue and green than current Greek.

            To give you a headspin, while in Latvian green (zals) and blue (zils) are separate words, they stem from the same Proto-Indo-European word for yellow.

            I was told that apparently the Norse has the same word for sky and cloud, but I cannot verify the veracity of it.

            P.S. One cannot say that logos is a word or order, because logos has 27 meanings and they cannot be fully translated into English, Irish or Polish, because sometimes the Greeks meant a few of them at the same time. Generally, Greek is a language that is much richer than Latin, Polish, or English (which means that some – few, but still – sentences in the Bible cannot be even translated into English).

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