October 8, 2017

Catalonian Independence - How Things Unravel

Posted in Economic History · 197 comments ·

Do you remember the break up of Yugoslavia? At first people said it could never happen. Yugoslavia had been a federation since the First World War, it had Europe’s biggest standing army, it had been the ballast between East and West and yet, it disintegrated in bloodshed.


Initially, the independence movements in the various republics were minority affairs. Even in Croatia – always the Republic most likely to leave the Yugoslav Federation – the all-out nationalists were never the norm. Clearly, Croats and Serbs had their own unique histories, different forms of Christianity, and different alphabets. However, the huge rates of intermarriage between Serbs and Croats within Yugoslavia tells its own harmonious story. I spend a lot of time in Croatia and many of my friends, products of Yugoslavia, are half Serb, half Croat, while lots are mixed – a bit Slovene, Croat, Serb, and Bosnian.


Freud once described intense nationalism as being little more than the “narcissism of small differences”. In the case of Yugoslavia, such nationalist self-regard was always evident in football rivalry (just as it is in Spain.) However, for the most part, everyone got on. Sure, people grumbled about Yugoslavia – as they do in every country –  but there was a sense right up to the end that a multiethnic, multi-religious, multi-lingual state could be preserved.


This is why the Catalonia crisis is so unpredictable. Sometimes, as Yeats said, the centre cannot hold.


In Yugoslavia, until the Yugoslav Army (or the Serb Army as it was seen by Croats) became heavy-handed and then unnecessarily violent, there was a sense that a compromise could be reached.  Once there was bloodshed, however, the Croats moved to arm and defend themselves; within days, a situation that was regarded as difficult but manageable, descended into civil war.


Could Spain go the same way? Anything is possible.


The Croats were emboldened by a post-unification Germany, driven by the personality of its foreign minister, Hans-Dietrich Genscher. The EU stance is crucial. How long can it ignore the Catalan street while playing geo-political chess games?


One under-analyzed aspect of crises is the role of personalities at the moment of calamity.


Personalities matter.


In Yugoslavia, Tito mattered. He kept the country together for forty years. When he died in 1980, ethnic divisions became more evident and no single strong leader emerged. So, when disaster struck, there were weak men in power.


Worryingly now, there are weak men on both sides in Spain.


Prime Minister Rajoy has no majority. His Popular Party is a minority government and his selection as PM was more to do with being the last man standing during coalition negotiations than any ground-swell of national support. As a weakened PM, his priority is getting re-elected. He may use this crisis to appear tough on the Catalans for his own Castilian – and slightly nationalist – base. As we can see in the UK, playing party politics with issues of national destiny is highly dangerous.


Unfortunately, Spain doesn’t have a national figure that is respected by all, the role played by Tito in Yugoslavia and, to a lesser extent, by the old King Juan Carlos who stepped aside last year. Would the old man have been as tactless as his son, the new king, was the other night? Old Juan Carlos had widespread kudos as being the man who defused a fascist army coup in 1982. For Catalonians who detested Franco and his army generals, the old king had credibility in the bank. His son doesn’t.


As is so often the case, economic calamity precedes nationalist extremism. In the 1980s, Yugoslavia experienced three bouts of hyperinflation. This undermined the credibility of the central government. It also heightened Croat and Slovene fears that “their” hard currency, generated from tourism and light industry, was being squandered by the Serbs.  At the same time, the hyperinflation fuelled instability in Serbia, softening up the ground for delusional Serb nationalists with their talk of land grabs all over Yugoslavia, reigniting the suicidal myth of the Greater Serbia.


The economic crisis undermined the legitimacy of the Belgrade central government and gave the nationalists, on all sides, the financial expediency within which to frame their ethnic paranoia.


Economics has also played its part significantly in Spain’s crisis.


Since 2008, Spain has suffered enormously from the financial crisis and the resulting imposed-austerity. Unemployment increased dramatically, bankruptcies proliferated, and large parts of Spanish assets were sold to vulture funds. Since then, there have been three weak and divided governments trying to grapple with the crisis.


The seeds of the nationalist surge in Catalonia have their roots in the great financial crisis. Up to the early 2000s, the wily Catalan leader, Jordi Pujol, played a canny game, constantly demanding cash and concessions from Madrid and threatening independence if he didn’t get his way.


As long as there was money in Madrid there was wriggle room. When that dried up, the game changed and – as in Croatia after the Yugoslav hyperinflation – local Catalans began to further resent their money going to central coffers.


There is, however, one factor that is new. This is the profound disillusionment of the young with mainstream politics all over Europe, since the crisis. Young Catalans, like young people all over Europe, can’t find work, and if they do, it is extremely badly paid and finding a place to live is near impossible. Rents in Barcelona are up 16% this year and the city is also witnessing, like Dublin, high-end investors snapping up everything. Spain like Ireland, and unlike most other EU countries, is culturally a home- owning society.


If you are young and can’t get a decent job that pays properly, plus your rent is going through the roof, what’s the status quo doing for you? Why not back the separatists?


The Catalan nationalists say that by Monday they will have declared independence. It’s impossible to know what happens next. However, there is an unfortunate mix of weak leadership in Madrid, a weakened economy in Spain, the legacy of the financial crisis still playing out, and a “lost generation” of young Catalans who are fed up with the status quo.


In addition, there is a deep emotional resonance of nationalism all over Europe. At a basic level, nationalists have a better story to tell. They can promise a bright new future, together as one. There is a dramatic energy in the narrative. The image of the nation itself is powerfully exhilarating. This was very evident in the Scottish referendum.


Nationalism is here to stay in Europe, but Yugoslavia shows just how dangerous national disintegration can be. The day you leave may be the only high point.


For example, since Croatian Independence, various nationalist narratives have taken over the public discourse. Wrapping yourself in the flag is still the way incompetent xenophobes camouflage economic and national inadequacies.  Privately, many Croatian friends of mine lament the passing of the eccentric but reasonably successful federation that was Yugoslavia.


You wonder too whether the Catalans will in a few years look back nostalgically at old Spain, if they do decide to take the plunge now.



  1. The Scots voted against independence for themselves – total cowards.

    Yugoslavia was the first country I ever visited outside of the British Isles – when I was 16 in 1989.

    We went to a town called Trogir, which is near Split (we flew to Split, it was also my first time on a plane).

    Beautiful place, lovely beaches and cheap, delicious food – I recall a plate of spaghetti bolognaise being 8 pence or something similar at a beachside restaurant – we had to carry bags of Yugoslavian currency around though so it might have been just after one of the hyperinflation episodes as David mentions – prices were still changing updwards on a daily basis but not that rapidly as I recall at that particular time.

    Lovely holiday though, I’ll go back again in the near future.

    • Deco

      The Scots had the Scottish version of the Bertie party in charge of the referendum.

      The result was a No.

      And the Scottish version of the Bertie Party wants a re-run.

      • They still voted NO to more freedom for themselves Deco, regardless of the political party involved – I have zero interest in politics or political parties – we’d all be better off without them.

        Who on earth votes NO to more freedom to themselves and YES to continue getting ruled by and shafted by Westminster? The Scots appear to have less balls than the Irish in the international arena and that takes some doing.

        • yadayada

          Because it was a bad idea? Because, unlike you, they realise they get a better deal under Westminster? Calculations based on $110 a barrel oil are less convincing at$40. Dodged a bullet there.
          Do keep up – the nationalists are about to lose their majority in the Scots parliament.

        • Deco

          I actually think Scotland’s predicament and history are different. They were given a preferred role in the Old Empire. Meaning access to the money, and the property. In particular, they did well out of the British control of Canada.

          We on the other hand were never under any illusions. We were always there to be the labourers.

          With freedom, comes responsibility. And I don’t think that the SNP are up to the responsibility.

          Maybe if Scotland had better politicians, if might have chosen independence.

          Nothing to do with balls. More to do with pragmatism.

          And probably something to do with the state of RBoS, and the Scottish taxpayer not being able to pay for RBoS AND vote buying by Sturgeon.

          • Pedro Nunez

            +1, so much nationalism whilst espousing ‘multiculturalism’, ‘interculturalism’ and pluralism?

        • Oil is not more important than freedom.

          • yadayada

            It evidently is to them. Even at $40.
            As for the non existent oil fields of the west coast, we haven’t heard of them since before the referendum.

          • bluegalway

            What’s the point in being free if you’re broke?
            Worse being broke and then needing a bailout.
            Scotland outspends its income more than 10% – the past financial year that worsened and the Scots spent more than £13 BILLION than they collected in taxes. That puts them firmly in bailout territory, which in turn means deep austerity, which in turn prompts emigration, which in turn prompts less income…and so on.
            Then, of course, emigrating Scots would likely move south, putting more pressure on a densely populated country where wages are stagnating because of abundant cheap labour.
            But at least they’re free, hey.

          • The whole point of freedom is rising to challenge of being able to take care of yourself. They could and should create whole new industries and economies. Still, if the Scots want to suckle on Westminster’s teat for the whole of eternity then that’s their business – craven idiots if you ask me.

          • nothisrealname

            ‘Oil is not more important than freedom’ Well said, a lot of things are not more important than freedom. Unfortunately it seems critical mass of people don’t get this and that fact is responsible for a lot of our predicaments.

          • ”The whole point of freedom is rising to challenge of being able to take care of yourself. They could and should create whole new industries and economies. ”

            +1 adam

        • Deco

          You are correct.

          Freedom IS important.

          More important than even the SNP understand. In fact they are playing with an idea, that is so great they cannot grasp it.

          It is not healthy for the Scots to be living off others, for either themselves, or for others. It robs them of essential human attributes like freedom of intellectual development, and self respect.

          And of course, we are a really bad example, with our political “leadership” continually referring the important decisions in Brussels, whilst they focus on important things like who gets in a photo outside a sports centre funded by lottery spending.

          • Exactly, I’d rather live off earnings from my own hard graft, even if they were 75% of what I could scrounge off Westminster like a beggar in the gutter.

    • McCawber

      Voting yes was a vote to stay in the EU, not a vote for more independence I would wager.

  2. Mike Lucey

    Surely the stance of Brussels, yet to be voiced, will determine what the Catalans will ultimately do? If Brussels announces that the door to an independent Catalonia is closed the game is over.

    • Deco

      The implicit stance of Brussels is to prevent Catalunya from pulling out of Spain. Because the ECB is over a barrell.

      Because Flanders might leave Belgium on the same pretext.

      And that would result in two more insolvent regimes in the Eurozone.

      One in Madrid. The other will presumably, headquartered in Leige. Though it could also stay in Brussels, and be surrounded by Flanders.

      A Belgian divorce would create enormous financial shockwaves in the Eurozone.

      Rajoy is about the best ally that the embattled Merkel has at the moment, apart from the clueless Juncker. Macron has shown that he will drop Merkel, and pursue his own trajectory to attention seeking on a whim.

      That leaves Merkel, Juncker and Rajoy, as being of the same perspective political, and with regard to EU authority.

      These three will support each other, even though the three of them have shown a tendency to defy the people, and shove authority down the throats of other people.

      Europe’s centre right is losing ground.

      • Grzegorz Kolodziej

        “Rajoy is about the best ally that the embattled Merkel has at the moment, apart from the clueless Juncker.”

        That’s right. And he should be remembered that he was one of those who was most hectoring Poland for made-up authoritarianism when the Polish police was actually (completely unnecessarily) protecting the Merkel/Soros sponsored coup in last December, while it was Rajoy’s police who was behaving like the militia in Martial Law Poland AD 1981. Yet Timmermans who spoke then about the breach of human rights in anti-democratic Poland now says that the police in Spain was protecting the rule of law.

        Having said that, these Catalonians have no absolutely no clue as to what is that they want after independence. One of their ideas, i.e., was to sell their ports to China; another was to put Russian military bases against Spain.
        They want to remain part of the EU yet that depends on whether all countries, including, Spain, agree on that (remember the EU-Ukraine trade deal blocked by the Netherlands?).
        Sinn Fein are, as always, immune to rational thinking – they support the United Ireland yet they are against the United Spain – something that someone from the North will one day remind them.

        “Macron has shown that he will drop Merkel” – no, I doubt it.
        Micron is all talk, no walk. So jealous was he that the US president visited Warsaw before he visited Paris that he decided to outdo Trump’s reception in Warsaw and changed, in a blink of an eye, from Trump-basher to Trump-ass polisher; passing off that he, the Micron, is the real king of Europe. Yet Trump, who despises such opportunistic people who always go with the flow, ate his dinner in Eiffel Tower, cracked a joke on Micron’s grandma passing off as his wife, and left France without any specific deals or anything other than lip service.
        Meanwhile, it was Poland that the EU, without much publicity, said they were right, that the forced relocation of the so-called “refugees” was illegal, and that Poland doesn’t take have to take them from France – so Micron, who wants to be Europe’s micro-king, couldn’t even force a middle-sized, not particularly rich country to anything, in spite of France having the support of Germany and Benelux as well as Soros, and Poland and Hungary being – if you discount the UK – initially isolated in the EU on that matter.

        Micron’s vision of Europe he recently presented can be summarised in one sentence: all EU countries adopt the euro, there will be one Finance Minister for Europe, there will more be more taxation that will be harmonized, and everybody will be paying to sustain the enormous French debts. The net effect of his vision is that no-one in Europe took him seriously apart from Michael D. and some people in the Anti-Irish Times, and when Poland rejected his proposal to buy his Caracals for twice the price he sold them to other countries (to recoup the loses on Mistral contract with Russia), he said that he will not visit Poland, and Poland said that sure he was not invited anyway – and this where his rhetoric ended.
        Talking to one of the French I once said that out of all EU nations, the French are the wisest. Asked why I answered that because

        • Grzegorz Kolodziej

          asked why I answered that because knowing that in the future there will be nothing but Muslims in France, they leave them nothing but debts.

        • spawny

          these Catalonians have no absolutely no clue as to what is that they want after independence. One of their ideas, i.e., was to sell their ports to China; another was to put Russian military bases against Spain.

          Where did you get this from? I live in Barcelona and have heard nothing about this. Are you sure its not PP propaganda?

          • Grzegorz Kolodziej

            This was suggested, i.e., by Enric Folch from the Catalan Solidarity for Independence, who also said that the independent Catalonia will support Russia on the international forum and recognise the independence of Abkhazia and South Ossetia.

            Incidentally, he was a frequent guests in separatists Congress organised where? Surprise, surprise – in Moscow (they support all separatists except for Tibetans, Caucasians, Kurds – because that would destabilise China, Russia and Turkey, and the point of separatists movements is to destabilise Europe).

            As to China’s presence in Catalonia, I don’t know why this sounds controversial – if China was able to convince Great Britain to be their Trojan Horse in the EU in return for £50bn worth of investment in the UK (for that, David Cameron has even sacrificed the British steel industry), and if they rented a part of Greece for 100 years, then why is it unlikely that they would do that with a very small Catalonia?

            Btw, at the moment my position is that I neither support the Catalan independence: I’ll wait and see how the situation will develop.
            I would like to notice that the majority of Catalans did n o t vote for the independence – as the majority of them didn’t vote, and in case like this, they should have had a threshold of at least 50% minimum turnout (it was only 43.03% – and even accounting for a few hundred stations closed by the police, I would expect the turnout to be, on such important matter, something like 60%-70%).

            The Rajoy’s police action was of course disgraceful, and he actually did a brilliant job to help the separatists because before the police brutality the support for the independence was much weaker.

            I think that me and many others would be grateful if you could, from to time, write a few lines about what’s going on in Catalonia in your interpretation, as you live there.

            Mr McWilliams has always been saying that we should be using the Irish diaspora so let’s use them as a source of information instead of RTE, who does not even have their reporters north of Liffey – let alone in Catalonia;-)

            Also, if you live in Catalonia, did you read yesterday’s El Pais (about 2000% of a rise of activity on 600 fake Twitter accounts)?

          • Grzegorz Kolodziej

            “my position is that I neither support the Catalan independence” = neither support nor oppose it.

        • Deco

          “Micron”. I like it.

          Why does France keep ending end up with ambitious little men in charge ? And these alway bring about eventual disaster.

          Bonaparte. Hollande. And now “micron”.

          Micron effectively made himself a poodle of Trump. And of course, as usual, France (on a 30 something hour week) put on a parade of military strength. Just like at Waterloo, still a bunch of “rather noisy fellows, the French”.

          It is all about noting, if they are losing their own country under their own noses.

    • bluegalway

      The Scots have e referendum on independence and Brussels says no way will it be allowed into the EU if votes ‘yes’.
      The majority of the Scots vote (only 50% voted, but anyway) in Brexit was to remain in the EU and Brussels says yes, of course Scotland can join the EU if it wants to leave the UK. Brussels of course wants to threaten the British by destabilising the UK and encourage a Brexit U-turn.
      Then Catalonia votes to leave Spain and Brussels says no way will Catalonia be allowed into the EU, even though it has a bigger economy than most small European States, including Ireland.
      If Spain had a vote to leave the EU and Catalonia voted mostly to remain, it is reasonable to assume that the EU would say of course Catalonia could join the EU.
      The EU/Brussels always acts in its interest no matter how hypocritical it appears. You’d have though most of us would have learned that by now.
      Btw, I have a Catalan colleague based in Barcelona who voted to remain in Spain. But times change quickly.
      Here’s what he said to me this week:
      “Declan, I voted ‘no’ on Sunday but I spent 4 hours protecting one of the polling stations from police because I want people to choose freely, even if it’s against my opinion
      “Or even if it means war”.
      Days of Franco? You wouldn’t rule it out.

      • And there you have it – freedom is more important that short term economic targets. It’s the base from which true economic progress is made.

        Yes the EU is a corrupt, obese, undemocratic monstrosity but I think the Brits should have stayed in and forced it to change rather than throwing the baby out with the bath water.

        Anyway, I have a strong feeling that Brexit might never happen so the Brits may have already started the process of change without ever actually leaving the EU, even if they haven’t admitted that to themselves as yet.

        It’s an unholy mess and it was bound to happen due to the evil (yes, evil) behaviour of the EU and it’s unelected elites since the global financial crises hit almost exactly 10 years ago. Of course that was brewing for 20/25 years prior to 2007/2008 when the age of neoliberalism was started by Reagan, Thatcher et al.

      • Grzegorz Kolodziej

        “The majority of the Scots vote (only 50% voted, but anyway) in Brexit was to remain in the EU and Brussels says yes, of course Scotland can join the EU if it wants to leave the UK. Brussels of course wants to threaten the British by destabilising the UK and encourage a Brexit U-turn.
        Then Catalonia votes to leave Spain and Brussels says no way will Catalonia be allowed into the EU, even though it has a bigger economy than most small European States, including Ireland.”

        A jolly good point, bluegalway, jolly good!!!
        Even though I’ve been saying for years that there is not Brussels, there is only Berlin and Paris – as people like Juncker and Timmermans are only Merkel’s little doggies she unleashes to bark for her so that she can come across as a stateswoman; and because since Mitterand’s gone (he was, like Thatcher, against German reunification), the French president can only be Germany’s vice-president (so power in the EU is not in Brussels, people – power in the EU is in Berlin, Germany and the Spinelli Group)
        But but but
        - very good observation.

        P.S. Why blue in “bluegalway”? Blue as in Fine Gael, if you don’t mind me asking? I haven’t lived in Galway so I don’t get these subtleties…

    • The position of Madrid is that Spain is a democracy and everyone should live together, no exceptions.
      Catalonia says we have a democratic vote and want to leave.
      It is not a surprise as most authoritarian states call themselves the peoples democratic republic or some equivalent.


      “”Thus we get the seemingly inverse relationship between the use of the word democratic and the actual democratic structure of the country in question.”"

      Not game over. Any forced solution will rebound against whoever is doing the enforcing. Devolution is the current trend. People are rebelling against the “melting pot” except here in le Petit Trudeau’s Canada. We are so politically correct that we do not have a melting pot as proclaimed but a series of ghettos. But representatives from these communities are achieving positions of prominence in the Elected bodies and the national structures.

      A BC joke here is: What is the river that borders China and India?

      The Fraser river.

      In Richmond there are 250,000 Chinese, many of whom speak no language but their own. (Raymond Chan, a federal MP stated he feared for the future of Canada as it was possible to live one’s life in the Chinese community of Richmond without ever speaking other than Chinese) Across the river is Surrey where another 250,000 East Asians live, mostly Sikh and propagate their own culture. Who is going to melt those pots?

      Caucasians amount to a little over 50%, and are gradually melting away!!!!

  3. Deco

    The most glaring omission in the article, is Sinn Fein.

    For some rather baffling reason, few in the Irish media are prepared to take on a criminal organization, masquerding as an army of liberation, spouting Marxist bile, whilst pretending to be constitutionally oriented, and respectable.

    In fact, the Irish media has given up on any serious form of criticism of SF – with the possible exception of Owen Harris ( a former Trot himself, who learned form the inside that it was nonsense ) and Dudley Edwards (who is culturally unionist anyways, and who has a bias).

    Many of the aspects mentioned, are in wrapped beneath a veneer, under SF.

    And in addition, SF are in control of the green street in the North, via intimidation, vote counting, and effectively knowing everybody’s politics. Even the Catalans have not reached that point in Catalunya.

    And of course as far as we know, they are not yet into extortion, fuel laundering, etc..

    Neither have they sent murders to the elected assembly.

    Fascinatingly enough, SF could not keep queit on the subject. They literally had to unleash themselves. they seem to think that this situation can only be improved by agression, grand standing and posturing.

    And yet – there is right in front of everybody’s nose – and nobody will say it.

    PSF are actually a serious threat to civil law and society on this island. They are NOT being domesticated. All the evidence points to them continuing to be irresponsible, criminalistic, dishonest, superficial, and controlling (where they can get away with it).

    This is THE MAIN MORAL BLINDSPOT ON THE PUBLIC ARENA. And everybody walks a mile to circumvent it. In this article, going even as far as Croatia.

    Everybody is afraid to talk about SF. [ except a few loose cannons, and the collapsed entities of the UUP, and the SDLP ].

    I feel like it is 1970, and I am looking around in complete bafflement. Asking why nobody in the media will talk about peadophiles in the education system. The media silence is absolutely deafening.

    Are we to wait until the Dublin establishment wake up and find that SF present an existential threat to them, just like they provided previously to the SDLP, and FF in the six NI counties, and the 6 border counties of the RoI (Donegal, Monaghan, Louth, Cavan, Leitrim, Sligo) ?

    Do we actually need to wait until SF decide that the wealth of those who control matters of money and politics, needs to be accessed in the name of “equality”, before the Media think it is opportune to “investigate” the “problem” ?

    What happened in NI, lasted much longer than what happened in Croatia. And it is barely one hour’s drive from Swords.

    SF are much worse than the Catalan separatists. Unfortunately, SF are now producing maximum embarrassment, to Ireland by walking right into this.

    It is like as if we need SF to remind the world what SF did in the North, and in the border counties. We don’t. We had to wait until they called off their war, before we got any serious investment into this country.

    SF’s “war” held back Ireland’s progress between 1969 and 1994. And all the while loudmouthing about being the most ultra entity on the side of the Irish people. Misery cloaked in balaclava.

    This should be obvious.

    I advise the Catalans to tell SF to clear-off, whatever else they do. They are useless, if they are (pretending to be) on your side.

    What ever you decide to do, please do not pick such a pack of liars, to be your best chums on the journey you take.

    • yadayada

      I wonder why Sinn Fein are so in favour of the north eastern part of the country seceding? Make your mind up.
      Every reason to divide Spain applies equally to Ireland.

      • Grzegorz Kolodziej

        Sinn Fein and reason?
        These people have been played like little kiddies, from Germany via the USSR to other powers (including Germany again).
        They are political amateurs and economic illiterates, and they were military amateurs too (in WWII, Abwehr stopped financing them because they weren’t even able to attack one British garrison – all they could do is to fill pillar boxes with ink – btw, they have ink fetish up until this day, judging by Mr O Snodaigh’s Dail ink theft – and attack civilians in the cinemas in the UK).

        I don’t understand why they are so proud of their disgraceful legacy – from their idea to invite Hitler to invade Ireland up to their voting for the Bank Guarantee and May Lou’s voting in the EU Parliament to hide her expenses: there is nothing to be proud about that; and there was nothing else they’ve done, except for maybe austerity in the North.

        Let’s be frank – it’s probably because of Sinn Fein policies during WWII that Ireland didn’t get the 6 counties (something Churchill was willing to do), like every other British colony did.

        There reason for Sinn Fein’s existence seems to be to waste the potential of young people – personally, I’ve found out that from all the parties who constitute the political mafia in Ireland (FF, FG, SF and Labour-Does-Not-Work), Sinn Fein’s youth is the most patriotic and idealistic, even if not particularly bright.
        Then the higher you go in Sinn Fein, the more inept and hypocritic people you meet, until you come across Mary Lou – Ireland’s biggest hypocrite bar Eamon Gilmore – unless you count Michael D., who technically speaking is not a politician but a fossil (Dwarfus Rubrus Fidelcastrus).

    • I’m not a supporter of Sinn Fein but the other political parties have just as much blood on their hands as Sinn Fein do – due to rampant corruption and mismanagement of Ireland for almost 100 years.

      • Deco

        Well, actually, one political party are rumoured to have “knocked off” one of their own prominent corrupt politicians, as he was about to sing.

        And incidentally, he comes from your area. So, yes, you probably know all about that.

        I was told about this, by a man who works in the prison service.

        What does it say about a “respectable” party, when they have to take out of their own, to keep the evidence of what the rest of them are doing, from reaching the court system ?

        Maybe, what SF are really doing, is merely following a part towards “respectability”…..

        • Yeah I worked for him for 6 months in 1989 – straight out of school my first job. It paid for my holiday to Yugoslavia haha. Family friend, nice man, no angel to be sure.

        • But Deco, if you think of suicide, emigration, homelessness, hospital trolleys and many other issue stemming from sheer incompetence (of our so-called leaders and ruling classes), total mismanagement, endemic corruption etc. etc. then it’s clear that the so called respectable parties have as much blood on their hands as Sinn Fein if not more.

          Irealnd has great potential and should be a lot further on that it is after 100 years, instead of the farce that we have now – the whole political class and system needs to be thrown out lock, stock and barrel. Won’t happen though.

          • Deco

            I agree. Unfortunately, there is a control of information about what goes on in positions of power and influence.

            That is what is crippling this country.

            The people are deprived of the information that would enable them to know how bad everything is. In particular how corrupt and inept Ireland’s political machines have become.

  4. Deco

    Just wondering….seeing as the referendum happened one week ago, can we now expect Mickey Martin to tell the world that he respects the vote of the Catalan electorate…..only to say with one month….that they need to do it all over again…because they did not do as they were expected to do by Brussels.

    And let’s be honest – if Catalunya leaves Spain, Rajoy will be in a spot. Merkel, is not in a position to bail him out, and she really has nobody else in Club Med for a pal – the current governments of PT, IT, and Greece are all opposed to Merkel.

    And she has no chums in Eastern Europe. [ Eastern Europe is correct]. And she can only depend on Sweden for support [ a country that is outside the Eurozone, and on the point of financial insolvency].

    The great paradox of the situation is this – Brussels needs Rojoy, more than Barcelona needs Rajoy. Alongside Michael O’Leary, Rajoy is about all that is preventing Spain from becomming another financial crisis. He has managed to get shi country to work itself out of the depth of the crisis. The Socialists returning to power in Madrid will spook the markets.

    Merkel cannot do anything before holding another election. And if Spain goes into crisis before then, with conseqeuntial bailouts, and backstopping by DE, NL, FI, AT – then all bets are off in another German election.

    The Catalans seem to stumbled into a crack in the entire ediface.

  5. Deco

    It now seems that this issue IS becoming more like NI.

    Because within the involved region there are two sides.


    Rajoy, seems to be playing it too strong, and is NOT being sufficiently reasonable to enable a compromise.

    He is behaving as if Brussels is supporting him. In fact, he knows that Brussels and the ECB require him to close this down, before it grinds the ability of the Spanish government to borrow, to an abject halt.

    Unfortunately, what is in the interests of the ECB, and Brussels is NOT in the long term interests of either the Catalans, or the other regions of Spain.

  6. Deco

    There are people in Scotland who are capable of running a country.

    They are not in the SNP, though.

    And it seems that the Scottish people have figured this out.

    The Catalan separatists might wish to take note.

    • “”The alternative is to Europeanize the solution to a problem caused largely by Europe’s systemic crisis. Instead of impeding local and regional democratic governance, the EU should be fostering it. The EU treaties could be amended to enshrine the right of regional governments and city councils, like Catalonia’s and Barcelona’s, to fiscal autonomy and even to their own fiscal money. They could also be allowed to implement their own policies on refugees and migration.”"

      Democracy must be fostered and encouraged and not denied as Europe does every day.

      “”The Catalonia crisis is a strong hint from history that Europe needs to develop a new type of sovereignty, one that strengthens cities and regions, dissolves national particularism, and upholds democratic norms.”"

      The nation states hold themselves together through coercion using internal and external military forces. Rather they should peacefully devolve into democratically evolved regions and cities. Then regional and international trade can flourish across the non existent (flexible boundaries),borders. People can travel unhindered and go to where they think they are best served.

      At present the biggest moves are in the “New Silk Road”. The Russian/Chinese plan to evade the constrictions of the USD, the petro dollar, that was designed to benefit the US and control the world economically but has in the longer run created economic disparity and pauperized the world. It now attempts to retain its influence through the physical destruction of any who wish to use other currencies, bombing them to oblivion and destruction.
      The establishment of a new, the return to a gold based currency, monetary system will allow the flourishing and development of all those attach to it. Meanwhile Europe will decay with petty squabbles and the stifling effects of authoritarian supra national government utilizing an inflation riddled fiat currency backed by empty promises of payment that cannot be upheld.

  7. “The government consists of a gang of men exactly like you and me. They have, taking one with another, no special talent for the business of government; they have only a talent for getting and holding office. Their principal device to that end is to search out groups who pant and pine for something they can’t get and to promise to give it to them. Nine times out of ten that promise is worth nothing. The tenth time is made good by looting A to satisfy B. In other words, government is a broker in pillage, and every election is sort of an advance auction sale of stolen goods.” … H.L. Mencken

  8. 09:31 ^POTM StreetAccount Summary – Politics of the Market: 6-Oct
    Trump suggests “calm before the storm” after gathering with US military leaders: Reuters highlights the comments President Trump made following a discussion of Iran and North Korea with US military leaders last night. “You guys know what this represents?” Trump said after journalists were invited last-minute to observe the end of the gathering, Trump then answering his own question with, “Maybe it’s the calm before the storm.” Follow-up questions were answered with “You’ll find out.” The ongoing tension between the US and North Korea, with Iran coming to the fore as Trump reportedly plans to declare any day now that the Iran nuclear deal is not in the national interest. The White House did not respond to requests for clarification.

    Neither North Korea nor Iran have rothschild controlled central banks.!!!!!!!!!

    • I thought you were a Trump fan Tony.

      • i have never been a fan!! I said he would or could win the election. He appealed to the angry middle and white, and blue colour workers.
        Clinton was/is a crook as he said.
        The deep state still rules the US but trump may not be controllable. Neither of the two parties like him. we shall see.

        • Truthist

          Nay, u were even referring to him as “Our President”.
          And, u very defensive of his team
          His sinister unelected all powerful son-in-law Kushner.
          But, ur heart is in the proper place.
          And, essentially u are for “most” of Trump’s mandate ;
          Not all u are for because, I believe, u are very against some of it, & are only philosophical about other parts.
          U are also for a certain important sector of Trump’s voters :
          the decent folk
          decent of the Libertarians
          the working class
          the blue-collared middle class
          But, u would vote for Ron Paul instead if u could.
          AND, IT AIN’T THE USA

        • Thank you for penetrating the depths of my mind. Not all is as it appears.

      • “”Trump is meant to increase the presence of the federal government in your daily life. If not physically, mentally. Maybe he scares you, maybe he makes you laugh, or makes you cry. Perhaps you cheer him on, or maybe you curse him. But he is the ultimate tool of the elite to make sure the government stays on your mind.”"


        • You turned against Trump pretty quickly Tony.

          This time last year you thought he was the greatest thing since sliced bread.

          • Turn against is too strong. Monitoring each move is better. I never had such great admiration for Trump except in his ability to knock off the opposition and defy the odds.
            some of his statements have left me with apprehension but I prefer not to rush to judgement but see what actions take place.
            i do not like his turn against Russia but that is deep state policy. I do not like his reneging on the statement that he would reduce US foreign involvement.
            I do not like his bombastic approach to military but on the other hand it is possibly a negotiating style.
            I do not think he can save the US unless he seizes the unprecedented opportunity to control who are the directors of the Fed Res.

            In all other regards he beat Obama and Clinton. I do not like that there is little evidence of any criminal investigation into the clinton email, clinton charity and the Pizzagate Podesta affairs.

            You on the other hand stated outright that the gold standard would never return but it appears you are wrong if the actions of the russian/Chinese block purported plans come to fruition.

            Nobody is perfect.

          • “”Decades of rules build up like plaque that hampers the healthy function of the economy.

            How bad is it? A publication called the Code of Federal Regulations lists all the Federal regulations currently in force. The publication is 175,000 pages long. If the pages were laid out end-to-end, it would stretch for 25 miles. It is estimated that the regulatory state cost the economy $2 trillion every year. That comes out to $15,000 per US household every year”"


          • Gold standard – haha hilarious Tony – gold standard is never coming back.

          • I am not saying it is not or it is. Just that it appears to be. I do not take a position on this but observe. My observation suggests to me that China and Russia et al have something like this clearly in the works. See all the affirmative opinion postings. Where are the dismissals, the negative reasons and reasoning?

            What do you base your opinion upon?

          • That link is dead Tony a a bit like your argument.

            You’ve been talking pure nonsense about gold and the gold standard for years, neither are ‘coming back’ or important in any meaningful way.

            You’re pining for a time that is long past and wasn’t even particularly good when it was current.

          • You are somewhat ignorant in your opinion and you have no backup discussion or facts. As an unsubstantiated opinion it is just that an opinion of no substance. Also you revert to being rude to back up your opinion which is somewhat like shouting louder as if that changes anything.
            Similar in many ways to advocates of anthropomorphic climate change who refuse to look at the facts but produce mantra of religious fanaticism.
            You are welcome to show me facts and present evidence that will change my mind.
            BTW that link opens for me so why it did not for you I can only speculate.

          • Grzegorz Kolodziej

            “i do not like his turn against Russia but that is deep state policy. ” – he never turned against Russia because he never w a s pro-Russia: it was just a Russian propaganda that Mr Trump was pro-Russia (from bullshit sources so often quoted on this blog – like RT, Sputnik or Russian-Canadian Global Research; or Russian-paid propagandists like Paul Craig Roberts; or eejits like Gerad Celente who never predicted anything yet behave like they predicted everything).
            Neither was Mr Trump anti-Russian.
            He was pro-American.
            Russian significance is overrated anyway – it is a country with record abortion levels and an economy smaller than New York’s economy (btw – did yous know that Ireland sells nearly 5 times the goods to Poland than it sells to Russia, and that Ireland exports more to Poland than to Norway, Sweden, Finland and Iceland COMBINED?).

            His real problem was always China, and he was always anti-China. China is 10 times more powerful than Russia, and when in December last year Russia unequivocally allied with China, President Trump consistently turned against Russia: it only surprised those who cannot think rationally (or didn’t follow it closely).

            In order to avoid the surprise about President Trump foreign policies, it was sufficient to read carefully what I said Mr Trump had said at the meeting with the Polish diaspora – thanks to whom he was, by his own admission, elected.

            For me, the only surprise was his U-turn on Saudi Arabia – who, incidentally, started strict cooperation with Russia: of which most of you don’t know (probably all – and that includes Mr McWilliams): cooperation on a much bigger scale even than their cooperation with Israel (who also cooperated with Russia).

            “if the actions of the russian/Chinese block purported plans come to fruition.”

            If… :-)

          • Grzegorz Kolodziej

            Yes, but a month after Trump’s election president Putin held a speech in Moscow in which he announced his alliance with China (and, btw, spoke warmly about the USSR). This was followed by massive joint Chinese-Russian military exercises.

            In the same article you link to, Mr Trump is quoted as saying:

            “There are people who wish I wouldn’t refer to China as our enemy. But that’s exactly what they are.”

            If China is “our enemy”, and Russia is allied with China, then – logically – Russia is now his enemy.

          • Two parties get together. One can like one but not the other. There is no logic in politics only positions of national interest. It may be in the US interest to keep good relations with Russia. Likewise Russia with the US. I do not know as I am not party to the workings of the inner minds.

          • Grzegorz Kolodziej

            Hmm… Large topic. The logic of politics – I mean for a true statesman – IS the national interest (how to define the national interest, is another cup of tea).
            The US is a rimland empire and in its interest is to keep the key maritime trade routes open (hence its large navy, as it always was the case with all rimland empires).
            China is a heartland empire (hence its large land army) and in its interest is to either take control of those maritime routes (Malacca Straight) or to block them (hence their artificial islands and huge expenses on anti-aircraft carrier missiles, in which they currently have an advantage over the US – they are the only country to have missiles able to hit an aircraft carrier).

            At the same time, China needs an alternative to a maritime route – the Silk Road. For that, it needs Russia. However, as China is so much stronger than Russia in every respect, Russia can only be a junior partner in that alliance – and even as such, it can do nothing to a threat of a gradual takeover of Russia by China (as it was in the past, as historically, Russia was for most of its history a vassal to Asian Khans):


            Hence while in Europe Russia was dictating monopoly prices on its gas exports (with a tacit permission from Clinton and Obama administrations, and encouragement from Germany), with China, their position is so weak that they actually ended up subsidising their energy exports to China because they had no choice (here is an article that was written before it ended up this way, but predicting it: https://news.vice.com/article/china-is-playing-hardball-with-russia-over-two-massive-gas-pipeline-projects)

            Russia knew that China is the main enemy of Trump (or any US president), yet after his election, they decided to ally with China against the US.

            So it’s not President Trump who turned
            a g a i n s t Russia – it’s Russia who turned
            t o w a r d s his main enemy – China

        • “President Trump has vowed to “cut all regulation by 75%”. So far, he is following through. The Administration is on pace to cut regulations more than any other Administration in history by far. Regulations are being slashed in energy, healthcare, manufacturing and other sectors. It looks like it might actually make good on that 75% cut, or close to it.”
          This gets an A+ from me Adam.

  9. Your Local Bank Could Be the Central Bank

    Central banks will have to embrace digital currencies; the question is how far they will go.

    By Jean-Michel Paul

    October 6, 2017, 6:04 AM CDT

    The financial community, increasingly divided over the future of digital currencies, is looking to monetary authorities and regulators for signals. The problem is that those signals are decidedly mixed.

    The European Central Bank is discussing putting restrictions in place, with governing council member Ewald Nowotny describing the hype around them as “dangerous and dubious” in an interview this week. International Monetary Fund Managing Director Christine Lagarde, by contrast, claimed recently that crypto-currencies could soon become mainstream: “In many ways, virtual currencies might just give existing currencies and monetary policy a run for their money.” Lagarde is right, but few central banks seem prepared. Banning technological development without providing a modern alternative to fiat money is doomed to fail.

    https://www.bloomberg.com/view/articles/2017-10- 06/your-local-bank-could-be-the-central-bank

  10. Posted at LeMetropoleCafe


    Catalonia premier seeks talks to resolve standoff with Spain: New York Times covered last night’s televised speech by Catalonia’s Premier Puigdemont, who said that he wanted a negotiated settlement to the region’s conflict with the Spanish government, but he did not offer to shelve his secessionist plan. After moving on Wednesday to declare independence from Spain on 9-Oct, Puigdemont in his speech, did not mention — as he had previously — plans for a unilateral declaration of independence from the rest of Spain, and adopted a conciliatory tone that could allow him to claim that he made every effort to negotiate an end to the dispute.

    De Guindos says Catalan independence push is doomed: In an interview with Bloomberg, Spanish Economy Minister De Guindos ruled out any sort of mediated talks with separatist leaders and said that Catalan banks have signaled they may move out of the region if the push for independence continues. He slammed the Catalonia’s administration for its illegal actions and said independence is out of the question. He said Spain has nothing to discuss with the secessionists until rule of law is restored, and argued that the instability in the region may persuade Catalan banks to shift out of the region.

    • North Korea

      Dandong city to penalize firms that newly hire North Korean workers: Citing sources, Kyodo reported authorities in Dandong city have secretly warned local firms they will be slapped with fines if they newly hire North Korean workers in violation of UN sanctions, amounting to CNY5,000 ($750) per worker. The move indicates that Beijing has quietly ramped up its pressure on Pyongyang in line with tougher sanctions in response to North Korea’s weapons development, as it paves the way for US President Donald Trump’s planned visit to China in November.

  11. McCawber

    Unfortunately Crypto Currencies will not be our salvation.
    The ECB will simply declare that from 2025 the euro will be converted to eurocoin on a 1 to 1 ratio and that will be the end of euro notes.
    They will use the same technology as bitcoin et al ie, blockchain but there will be a catch – Adam will tells us what it us, I hope.
    And that will be that.
    The end of cash is the end of freedom, the Catalonians and Scots have missed the boat.
    Perhaps then Tony’s gold back currency will get an airing as the people of Europe suddenly realise they are now at the total mercy of the EU and ECB.
    2025 is not very far away, think back what were doing in 2010?
    I had just retired and things haven’t improved and ain’t improving.
    Our national finances are on the brink and yet the soundbite is that everything is fine.
    Something else I’d like cleared up, but is the NTMA gradually redeeming our long term on the never never (I’ll explain if asked) promissory notes for much more real (Is Porto Rica’s debt real or will it vanish as Herr Trump has suggested) shorter term debt. IE the ECB is screwing us again.
    My ignorance of matters finance is boundless but somebody has to ask the dumb questions otherwise how will the cute hoors ever learn.
    Ramble/Rant over – I’ve been busy by the way so apologies for one of my longer ,less succinct posts.
    PS am I even asking the right questions?

    • It doesn’t matter if they bring in a Eurocoin or whatever they want to call it – a certain number (and a growing number) of people will still use Bitcoin and other options.

  12. BnB

    A major factor in the breakup of Yugoslavia was German support for the breakaway states. That’s something that David only hints at when he mentions that the Croats were emboldened by Germany’s Foreign Minister Hans-Dietrich Genscher.

    It was Genscher’s lobbying that led to the recognition by the other EU countries of Slovenia and Croatia. Without this German-driven EU support for their independence and the lure of EU membership – which they both eventually got- there would have been far less desire in those two states to leave the Yugoslavian federation.

    German support didn’t just encourage Slovenian and Croatian independence. It also had the effect of fueling resentment and nationalist sentiment amongst the Serbs. They hadn’t forgotten the brutal treatment they received in two world wars from Germany and its Balkan allies.

    When this independence movement then spread to Bosnia, it caused even more war and got completely out of control, this time with the USA and NATO joining in. A few years later, they would start another war in Kosovo, where they would finish off what was left of Yugoslavia (it looks like Germany had just been acting in the interests of ‘the West’ all along, by dismantling a country that was friendly with Russia).

    The governments of those foreign countries do not see all that death and destruction in the former Yugoslavia as a failure. They just successfuly did what imperial powers had been doing to their enemies for thousands of years: Divide and conquer.

  13. michaelcoughlan

    “There is, however, one factor that is new. This is the profound disillusionment of the young with mainstream politics all over Europe, since the crisis. Young Catalans, like young people all over Europe, can’t find work, and if they do, it is extremely badly paid and finding a place to live is near impossible. Rents in Barcelona are up 16% this year and the city is also witnessing, like Dublin, high-end investors snapping up everything. Spain like Ireland, and unlike most other EU countries, is culturally a home- owning society”

    Brilliant stuff.

    Rents are out of control here. All of the above the direct result of money printing to keep bust banks and governments going. Sud’s gluttonous finger prints all over it.

    “The Catalan nationalists say that by Monday they will have declared independence. It’s impossible to know what happens next”

    It could go like it did in 1919 or so here when the old sinn fein got voted for ans started the war of independence.

    It must be obvious to you that hyperinflation will sooner or later hit badly all over the world. Rents here are skyrocketing!

  14. Truthist

    Divide & Conquer the homogeneous Nation States ;
    Well, most are homogeneous in ethnicity & culture & religion
    And, most of the targets are geographically homogeneous

  15. Truthist

    Well, be the hokey, I’m just God smacked ;
    I mean,- u would never have thought these honchos would be involved in Catalonia + Spain matters

  16. Truthist

    Yes Siree ;
    Just when u think that u are f..king them,- u learn that instead they have been f..king u ;
    Well, that is if u go along with Bernie Sanders & Georged Soros & Chuck Feeney & Antifa & … all the other associated bolloxology

  17. Truthist

    And, speaking about seceding,- how about this secession from being reliant on ever-censorious youtub.com ?
    Maybe DMW can bring in some revenue for himself by putting his videos on this new video platform.

  18. Truthist

    Is there any truth in this report alleging positive effects for “The City” in London, England arising from Brexit Secession from EU ?

    Although, that secession not official yet ?

  19. Truthist

    And, upon secession,- how to sort out matters as pensions etc. ?

    • “”Turning next to the Green Isle, 80% of the Irish who have pensions don’t think they will have sufficient income in retirement, and 47% don’t even have pensions. I think you would find similar statistics throughout much of Europe.”"


      Add in the hyper inflation baked in the pie and pension shortfalls are guaranteed.

    • “”Voters around the globe generally want to have their cake and eat it, too. We demand generous benefits but don’t like the price tags that come with them. The Swiss, despite their fiscally prudent reputation, appear to be not so different from the rest of us.”"

    • “France, Belgium, Germany, Austria, Spain Are in Deep Trouble

      The European nations noted above have nowhere near the crisis potential that the next group does: France, Belgium, Germany, Austria, and Spain.

      They are all pay-as-you-go countries (PAYG). That means they have nothing saved in the public coffers for future pension obligations, and the money has to come out of the general budget each year”"

      The central bankers issue all money as debt. All borrow. All are in debt.
      The piper is calling for payment. He who pays the piper calls the tune.
      The central bankers are the something for nothing pipers. Pay up or we will take all you have. And it cost them nothing to produce the IOU fiat currency. It cost them nothing to feed the greed. It will cost them nothing to foreclose.

      Central bankers and the fractional reserve practices of the commercial banks are a pox on the world. There is no debt vaccine. The bankers must be destroyed before they own the world and you too.

      • Truthist

        I was talking with an oriental lady yesterday who told me that Gold her sister bought in Singapore for say USA Petro-$ 5,000 was only worth USA Petro-$ 2,000 approx in a nearby South East Asian country [ I failed to pick up which precisely because of background noise ].
        But, she says that were the customer to return to Singapore they would receive USA Petro-$ 5,000 +- difference in value of Gold on that particular day.
        So, there are the significances of different Logos [ from Shop ] & Assay Marks & the feature of these marks in each contiguous part of the Gold piece & the geographic origin & the policy towards particular “foreign” pieces & the various compositions common to different countries etc etc to factor in when considering what & where for Gold investment.
        She is a very smart lady ;
        She recommends buying God Mini-Bars.
        I still think Gold Legal Tender Coin is very smart choice ;
        Especially for international travel.
        I wonder ;

        How do the Gold Coins issued by Treasury Department of the various countries other than Canada are versus Canadian Legal Tender Gold Coins ?
        Which of them are also Legal Tender ?

        I wonder does Hugo Salinas Price wish that his proposed Silver Coin with no nominated monetary value stated — but rather its mass of Silver [ & composition of "pure" silver too ? ] on each coin be also “Legal Tender” ?

        • Truthist

          Some clarifications for some of above questions

          Will HSP’s proposed Silver Coin :

          state the % Composition in Pure Silver ?

          be Legal Tender in respective Jurisdiction


          Does HSP propose similar for Gold ?


          Gold coin with ONLY :

          Gross Mass stated ?

          % Composition of Pure Gold ?

          It Legal Tender in respective jurisdiction ?

    • Deco

      It seems that many in Turkey have been following your advice.

      And now the Turkish Lira is having problems.

      In this case you might have been prven correct.

  20. Truthist

    And, how about u seceding involuntarily from ur home ?
    Not, Israel>Palestine>Israel vulgar-style.
    But, Nevada, USA subtle-style ;
    I like the wisdom of the closing sentence ;
    “Never underestimate the cleverness with which people will use the law to legally rob the vulnerable.”
    Never underestimate the cleverness with which people will use the law to legally rob the vulnerable.

  21. Deco

    We have a massive volume of debt, and low interest rate.

    Yesterday, in the DT, there was an article detailing how German Finance Minister Schauble declared “there are bubbles everywhere”.

    Indeed there are.

    In any case, one bubble is now facing a “moment of reckoning”.

    Sultan Erdogan (whose sons are also part of the power structure, it seems) and Turkey.

    Now, I think we are all agreed that Erdogan’s chief achievement has been to “Make Turkey Backward Again”. He has been propped up by Gulf oil money in the process. In fact Petro-money has flowed into investments in Turkey. And Saudi money has flowed into Madrassas and Mosques. And also into the AK political movement, led by the Sultan himself. And it was all looking very good for a very long time.

    Then the Syrian Civil War broke out. And Turkey got involved. In fact Turkey got involved, just to be involved. But never got officially involved. Turkey had no clear objective. Though the Turkish opposition was certain it was so that the Erdogans could make money from an oil embargo.

    Turkey seems to have been allies to just about every side, at some point or other – except the side that now appears to have won. In effect making enemies of everybody – especially the Syrian government.

    So as to mitigate that Ankara is now on the side of the Syrian government.

    And of course, from the very start Ankara was opposed to the Kurds.

    The main contant in any of this, is the evidence that Erdogan is extremely erratic. And indeed also paranoid. [ Anybody want to make a nice nursery rhymme ? ].

    And then there is the intervention of Erdogan in the Qatar blockade. It looked like opportunism. It probably was an act of desperation.

    For much of the past decade, ordinary Turkish people have been stockpiling gold. [ Maybe Tony Brogan is advising them.....? ].

    And now the lira is sliding.

    Ankara has committed itself to purchase weaponry from the Kremlin – Russia being the low cost producer of military equipment. NATO is outraged. [ Will the Russians get paid ??? I don't think it is a good idea not paying Russians what they expect.].

    Erdogan has now disappointed Trump by not buying “beeeauuutiful” American military equipment. And he has to contend with the Democrats being allied to his nemesis Gul, who is hiding in a compound in Pennsylvania.

    In any case, Turkey’s banks, and financial system have been stretched for some time.

    And now it seems that the chickens are coming home to roost.

    The lira is in trouble. Serious trouble.

    And suddenly it seems that we might have an emerging market meltdown.


    Now, to be honest, I am very surprised. I had expected Canadian Banking, or Swedish banking to lead us into a developed market meltdown.

    But instead, it seems that Ankara will bring about an emerging market meltdown – which perversly functions as a means of flodding money into developed markets.

    • Deco

      Also relations between Washington and Ankara are nosediving.

      The source of the problem is Ankara’s determination to operate in concert with Tehran to repress the Kurds, and prevent them seeking eventual autonomy. Baghdad is also greatly concerned about Kurdish autonomy.

      Currently all three are proposing preventing an independent Kurdish political entity from exporting it’s hydrocarbons.

      On the other side, the Kurds have ISIS, and al Nusra. When these get eventually defeated, the Kurds will face Syria – when Syria will of course be obliged to respect the advice provided by Tehran.

      I feel sorry for the Kurds. They are going to get undermined again.

      All of which is rather alarming to Washington. And of course Trump is as hardline on Tehran as any Likud member of the Israeli Knesset. Trump regards Ankara’s preparedness to deal with Tehran as disturbing.

      Anyway, for other reasons – money is leaving Turkey. Not sure yet if it is capital flight. But there definitely is a problem.

      And let’s be honest, the individual in charge is immature, aggressive, paranoid and deeply erratic. And he is also highly sensitive to even the smallest criticism.

      It all sounds like the perfect ingredients for a good “short-sell” trade.

      • Deco


        Finance, debt, lifestyle malinvestment, and productive under-investment.

        A political leadership that is utterly clueless.

        An expensive palace on a hill outside Ankara [ with pine trees especially imported from Tuscany ].

        And an awful lot of lost credibility.

        Turkey – the chickens are coming home to roost.

      • Deco

        Even Moodys was unimpressed. And Moodys have a track record of being impressed with all sorts of rubbish.


      • Truthist

        The Kurds are too greedy for :



        Syria’s Oil

        Iraq’s Oil


        The Kurds also are a very corrupted society from narcotics

        Kurds are heavily involved in :
        opium production
        heroin manufacture
        heroin importation into Europe
        heroin distribution in Europe


        Leader of Kurds now is not really Kurd


        Kurds are being manipulated by the only real Superpower in the World ;

        And, that means for sure :
        NOT USA
        NOT Russia
        NOT UK


        Turkish Mafia also heavily involved like the Kurdish Mafia


        The folks who control Turkey are not really Moslems.

        This is 1 of the most famous “Open Secrets” in the Middle East.

  22. Deco

    Another account of the sort of malinvestment going on in the Turkish internal market.


    If only we were reading accounts like ths instead of the drivel being pumped out in The EU-rush Times- which had profiles of courage about leading chancers in the Irish economy, who were squandering hundreds of millions !!!!

    And then there is financing of this debacle.


    In 2015, more than $9 billion in foreign capital had fled Turkey. The country sought to bridge the deficit with its own reserves, helped also by big inflows of capital of unknown origin. In 2016, the net inflow of “hot money” was only $1.4 billion. The drought pushed up the price of the dollar to nearly 4 Turkish liras. In February, however, the trend began to reverse. As of Sept. 8, the “hot money” that entered Turkey this year stood at $9.9 billion, attracted especially by yields of up to 11% on government bonds.

    The inflow led the price of the dollar to fall below 3.5 liras, which stimulated imports and therefore production and investments. On the domestic front, the government encouraged banks to turn on the lending taps, which created an additional stimulant. The 5.1% growth rate in the second quarter owes much to loans sponsored by the Credit Guarantee Fund. The loan expansion exceeded 1.95 trillion Turkish liras from June 2016 to June 2017, growing 23%. In the same period, consumer inflation stood at about 10%, which shows the remarkable level of real loan expansion.

    This reminds me of the attitude that prevailed inside certain banks that lived on short term loans continually, in the middle of the last decade.

    US monetary policy is under pressure to control an obviously bubbling Nasdaq.

    And Schauble is talking about an over bubbly market in just about everything. Which will put pressure on the Euro. Were it not for the crisis in Spain, Spain would be providing reason to restrain the monetary easing, that is creating bubbles in real estate in Northern Europe.


    [ All those articles are written by Turkish academics. Presumably they will be the next in a state sponsored crackdown on dissent. For not putting on the equivalent of a green FAI logo'd jersey].

    Turkey ?

    ……somebody goose is cooked !!!

  23. Grzegorz Kolodziej


    Can we not put Hitler on our stamps instead? Hitler’s brother worked in Dublin, and der Fuehrer would generate more revenue from stamps because he was more interesting and more influential than Che Guevara. Maybe we can offer the Nazi community from Argentina an opportunity to invest in Ireland in return for some of the gold they obtained in Nazi German death camps in occupied Poland. Because one has to be tolerant, I guess no one could object if let them have Nazi marches once a year, and decorate some streets with swastikas to break the monotony of the LGBT flags on Dublin streets.
    Of course, I am being facetious, but I wanted to provoke everyone to think what a Che Guevara victim would think of Ireland putting the motherfucker (fortunately, he was shot dead eventually, which he should have been a long time earlier) him on Irish stamps.

    The truth about Che Guevara:


    P.S. Dear Taoiseach – do you know what Che Guevara was doing with homosexuals? Is that the right role model for the Irish youth?

  24. goldbug








  25. michaelcoughlan

    @ David McWilliams

    Here is a thought Dathi;

    A proposal for a question on the paper of one of your economics exams in trinity;


    Jamie Diamon the JP Morgan CEO recently stated that he thought bitcoin was a fraud;


    Jp Morgan in the years since 2011 have been fined in excess of an eye wateringly stupendous 30 billion with a CAPITAL B US dollars for in many cases defrauding their own customers;



    Surely Dathi, to Jesus Christ (not you truthist the real one) it must be obvious to you the out of control banking system is run by corporate psychopaths?


    • I’ll go one further Michael, read this:


      “Masters also points out that JPMorgan does, in fact, trade in bitcoin, and that JPMorgan Securities was buying bitcoin for its clients at the same time Jamie Dimon was criticizing cryptocurrencies.

      He concluded:

      “They either need to get with the program and support their clients who want to buy bitcoin, or they need to stop talking about it like a fool. Because those things are not consistent with an organization of that character.”"

      So Jamie Dimon is once again proved to be a liar and a hypocrite, no surprise there.

  26. terence patrick hewett

    List to me while I tell you
    Of the Spaniard that blighted my life
    List to me while I tell you
    Of the man who pinched my future wife

    ‘Twas at the bull fight where we met him
    Doing his daring display
    And while I went out for some nuts and a programme
    The dirty dog stole her away

    Oh yes! Oh yes!
    But I’ve sworn that I’ll have my revenge!

    If I catch Alphonso Spagoni, the Toreador
    With a mighty swipe I will dislocate his bally jaw!
    I’ll find this bullfighter, I will
    And when I catch the bounder
    The blighter I’ll kill
    He shall die! He shall die!
    He shall die tiddly-i-ti-ti-ti-ti-ti-ti!
    He shall die! He shall die!
    For I’ll raise a bunion on his Spanish onion
    If I catch him bending tonight!

    Yes, when I catch Spagoni
    He will wish that he’d never been born
    And for this special reason
    My stiletto I’ve fetched out of pawn

    It cost me five shillings to fetch it
    This expense it has caused me much pain
    But the pawnbroker’s promised when I’ve killed Spagoni
    He’ll take it in pawn once again

    Oh yes! Oh yes!
    So tonight there will be dirty work

    If I catch Alphonso Spagoni, the Toreador
    With a mighty swipe I will dislocate his bally jaw!
    I’ll find this bullfighter, I will
    And when I catch the bounder
    The blighter I’ll kill
    He shall die! He shall die!
    He shall die tiddly-i-ti-ti-ti-ti-ti-ti!
    He shall die! He shall die!
    For I’ll raise a bunion on his Spanish onion
    If I catch him bending tonight!

    I tracked him to London
    And he gave me the slip once again
    And they told me this morning
    That he’d doubled and gone back to Spain

    But whatever it costs me I’ll catch him
    Then no more will he give me the slip
    With my last one and ninepence on Sunday
    I’m going to Spain by the Sunday League Trip

    Oh yes! Oh yes!
    And then the dark deed will be done

    If I catch Alphonso Spagoni, the Toreador
    With a mighty swipe I will dislocate his bally jaw!
    I’ll find this bullfighter, I will
    And when I catch the bounder
    The blighter I’ll kill
    He shall die! He shall die!
    He shall die tiddly-i-ti-ti-ti-ti-ti-ti!
    He shall die! He shall die!
    For I’ll raise a bunion on his Spanish onion
    If I catch him bending tonight!

  27. Truthist

    Secession & Decentralization can be administered rottenly too :
    HIV in its earliest known history was allowed by California’s Administration to infiltrate blood banks of San Francisco under pressure / threat of the male homosexual community aggrieved at medical facilities failing to cure homosexual males dying of AIDS.

  28. coldblow

    I used to like the idea of Catalan independence but no longer. What is the point of a politically correct region breaking free of a disintegrating politically correct state (the latter due to the former)? What would they do with their independence? Well, look at Ireland for a clue perhaps. They would waste more time and money with an additionally useless state within the worse-than-useless EU.

    I have read a bit about the Catalan culture but what does it amount to? Perhaps Ireland can give a clue again. Anything native and worthwhile would doubtless be ruined, banned or (at best) overlooked. Had anyone looked at what they have on their television? The only programme I have found worth listening to is the En Guardia Catalan-language radio history programme, and that too is predictably pc.

    There is only the language really but I get the impression that the spoken language in Barcelona is heavily corrupted by Spanish idiom and pronunciation. I imagine it sounds more like itself in the provinces and in places like Mallorca, but the future for it (as with all lesser languages) is eventual extinction in the not-so-distant future. My guess is that Spanish monolinguals (?) resent it (because they can’t and the others can), which is an attitude shared by many of the less well educated Irish. I imagine again it is less spoken than Spanish in Barcelona where it has the weight of the media on its side and of the ‘forward-looking, cosmopolitan, sophisticated, open-minded’ (and also unemployed and probably not that well educated) youth. (To use the latest cliché circulating in our failed media, people who do not hate ‘the Other’.) Then there would be those who are Spanish-born or children of those, or immigrants who would be more attracted to speaking Spanish.

    I don’t think Mallorcans recognize their own language as ‘Catalan’ but see that as belonging to ‘Catalonia’. In Valencia (traditionally another Catalan city) there is a literary movement which aggressively asserts its own home-grown Catalan as a different language.

    The regions tend to be like this. Take Plaid Cymru as an example. I regularly listen to Radio Cymru’s Dewi Llwyd ar Fore Sul and his guests are invariably unwaveringly pc.

    Good article by Hitchens as expected here:


    My understanding is that the EU encourages the regions because they would be dependable clients and that structural funds used to be (and perhaps still are) issued directly to them over the heads of central govt. I remarked here years ago about being struck by a large sign on the main road going west from Athlone towards Galway, a shortish distance after crossing the Shannon. ‘Welcome to Ireland West’ I used to ask myself what this could mean. I thought it was a Bord Fáilte thing, some imaginary place used for marketing to foreigners. It had to be bureaucrats because only they could be so unimaginative, ahistorical and dull. I think the bureaucrats are in Brussels.

    I repeat the question. What is the point of Catalan independence? What could they do with it?

    • coldblow

      My favourite lesser language pc moment was on Icelandic television about two years ago. I couldn’t catch what it was about but it showed a hall full of hairy, bespectacled and extremely earnest Icelandic arty types, most of them in their forties, who had just signed a petition about some weighty matter or other. It may have been artistic licence, or something the Americans had done. Perhaps they wanted to join the EU. I don’t know because I couldn’t make out what they were saying but even so they looked so solemn and dramatic it was hilarious and I wish I could have recorded it. (If anyone reading did catch it please explain.) In the summertime the country appears to be overrun by hordes of polite, respectful tourists, all walking around in plastic anoraks and taking photographs of waterfalls with their smart phones.

    • michaelcoughlan

      “Anything native and worthwhile would doubtless be ruined, banned or (at best) overlooked”


      Forced in their droves to emigrate for decades to follow especially the most talented ones,


    • What could they do with it?

      Be Free.

    • Grzegorz Kolodziej

      Coldblow, gentle correction:

      “My understanding is that the EU encourages the regions because they would be dependable clients and that structural funds used to be” –


      Did you notice that the EU encourages the regions except for in two countries – Germany and France?

      • coldblow


        Oh, you don’t have to be gentle with me!

        Yes, I never heard what the regions were in France for EU handouts. Their Departmental system seems so perverse (correct me if I am wrong) and designed to ignore real historical boundaries (just like metrication substitutes abstract, useless measurements for the comfortable, timeworn and well-loved native ones) that regional designations there might even be progress of a sort.

        In Germany the EU uses existing boundaries as far as I can recall but I’d have to look it up to tell you more. And it’s easier to let you tell me as you are bound to know that already!

        What was that you were saying about the Germans pushing gender (gendrification?)?

        • Grzegorz Kolodziej

          Again, you are turning the power pyramid upside down by saying that: “In Germany the EU uses existing boundaries”.

          The EU cannot use anything in Germany because not the EU rules Germany but Germany rules the EU; and not Germany is boxed in the legal framework enforced by the EU but the EU legal framework is enforced on other EU countries by Germany.

          I think that perhaps your illusion of ‘Brussels ruling Berlin’ rather than ‘Berlin ruling Brussels’ might be a result of the fact that the composition of the EU Commission is not German. This, however, is purely because Merkel prefers to maintain a (relatively) good image by using her lackeys such as Timmermans, Juncker or Tusk, rather than staff the EU Commission with Germans.

          If she wanted, she would have had no problem nominating all German EU Commission members (who would be saying exactly the same things as Timmermans and Juncker) – but why? That’d be irrational from the PR point of view (at least at this stage).

          Some examples why not the EU rules Germany but Germany rules the EU:

          1. Germany and France were not penalised for breaching the Maastricht Treaty, while other EU countries were penalised for breaching it in exactly the same way.
          2. Germany enforced the closure of most of Polish coal mines in Poland on environmental grounds (even though the Polish coal is much less polluting and of much higher quality than the German coal – and of course this is the real reason for some of the EU environmental law: to eliminate the competition for the German industry). But when the EU wanted to apply the same law to German coal mines, Merkel said that she cannot do it because she is campaigning for election, and the whole matter was dropped by the EU.
          3. The real decisions in the EU were not taken by the EU Commission, but by the Head of the EuroGroup (nominated by Dr Wolfgang Schauble) and Head of the Euro Working Group (Thomas Wieser) – this was the case, i.e., in case of Greece and Portugal.
          4. The decisions on things like genderism or all other such things that you hate are also not enforced on Germany by the EU but forced on the EU (and even globally) by Germany.

          Let me give you some examples, of which you would not read on any mainstream media, and that includes even the like of Peter Hitchens – because they are simply unaware of that (I know that Peter was because I’ve told him):

          1. The EU sex education standards are set out by Die Bundeszentrale für gesundheitliche Aufklärung (Maarweg 149-161 D-50825 Köln, Germany), not by UNESCO, as it is mistakenly alleged by practically everyone. For example, they introduced gender mainstreaming to the Amsterdam Treaty.
          2. The political correctness standards are set out by Die Bundeszentrale für politische Bildung (Adenauerallee 86
          53113 Bonn). They work out the EU information campaigns (as well as certain foundations) which suggest to the Europeans what they should think on subjects ranging from Jaroslaw Kaczynski to the Catalonian Independence, and it even past historical events.

          Now, as to separatisms in Europe – did it not strike you as strange that suspicious movements such as Silesian Autonomy Movement (whose leader is not even a Silesian), who prints “Nicht Pole. Ich bin Schlesier!” T-shirts (but – of course – not the “I’m Silesian. Not German!” is supported and funded by the EU (incidentally, via Germany) – while, i.e., the Bavarian separatists cannot count on similar support from the EU?

          Pray, give serious thought to all the facts that I’ve just presented to you: I may not always have time to reiterate them, and you won’t find them anywhere else in English.

          • coldblow


            ‘Again you are turning the power pyramid upside down’

            Again you misunderstand.

            I spent a while trying to find a list of the German regions for structural funding and found this:


            NUTS – they would have to call it something like that, wouldn’t they?

            I fully accept that the EU is a cover for German dominance and that it is in reality the German empire and that (as you say) they cannot be open about this, even though it is obvious in the light of the events of the last few years: response to financial crisis and the decision to admit perhaps a million immigrants.

            The Commission obviously does not dictate what happens. This is done by Germany, along with the other members with their limited influence. The Commission has a record of serious corruption and is also (or at least was) the repository of the Project’s integrationist vision. Utopian vision and corruption apparently go hand in hand. As for the Euro Parliament, it is a joke. Nobody is in any doubt about that except probably MEPs and their staff.

            Booker and North’s book makes it clear that it was the member govts meeting at regular summits who dictated events. It was partly Thatcher’s experience of how these meetings were ruthlessly manipulated, and frequently carefully choreographed by F and G, which disabused her of the EU. And which led to her rejection of further integration which resulted in her ejection from No 10 by her own Cabinet colleagues.

            Most people seem to think that the voluminous EU regulations are set in a fair and objective manner by an impartial (to say nothing of competent) technocracy (the Commission) when (as I understand) they result from horse trading. (And that France has been by far the most successful member state at rigging the game – John Allen has referred to their diplomatic skill.) They don’t even realize that their parliaments are bypassed as EU regs are put into law automatically, without debate, by SIs.

            Your perspective has always been valuable, particularly as our worse-than-useless media don’t report any of it, to the extent that that even independent-minded sceptics may not suspect the existence of important issues (as you say).

            The failure of F and G to be fined for breaching EU rules was often the subject of comment on this blog back in the day.

            I remember you making the point about coal on a few occasions. You might find it interesting to know (if you don’t already) that when it came to setting carbon targets at the height of the global warming hysteria Germany set very realistic low targets while Britain (which has been suicidally over-enthusiastic about implementing EU regs, often going beyond what is required – eg in food safety) set daft, unrealistic targets. Germany profited and Britain was penalized (carbon credits).

            I have often seen you make the point about the G-Polish border, an issue which Germany is keeping open. It is a most interesting insight into what is really happening behind the PR.

            I never heard of the health enlightenment crowd in Germany and was unaware that UNESCO were pushing ‘genderism’.

            I have never said that Brussels rules Berlin because I don’t believe it, because that would be daft.

            None of the above persuades me that the EU is not above all a dangerous mass delusion. In that context the de iure arrangments of the EU are not that important. Even the German Realpolitik takes a back seat. One good example, which I have often repeated, is the irrationality of Merkel’s decision two years ago to let all those immigrants in.

            We will have to agree to differ on this.

            As for the German secret service having spies in the British government, what do you base that on?

          • Grzegorz Kolodziej

            Answering in a very sleepy mode – forgive me the vague and concise nature of this comment:

            I. Your NUTS list of regions in Germany is priceless.
            You would, of course, find structural funding in Germany. You would also find finding for Euroregions. What you won’t find though is the funding for SEPARATIST movements in Germany – the same Germany who funds such movements in other countries.
            II. “Project’s integrationist vision. Utopian vision and corruption apparently go hand in hand” – there is nothing utopian in German Mittel-Europa and Grossraum projects – they are coldblooded, very realistic projects who already worked during WWII and are working now (German trade surpluses after enlargement with no extra costs). What is utopian is the Spinelli project. But that’s not Merkel’s project.
            III. “Most people seem to think that the voluminous EU regulations are set in a fair and objective manner by an impartial (to say nothing of competent) technocracy (the Commission)” – I’ve never ever met anyone who thinks that (Then again, I never worked for the “Anti-Irish Times” ;-) and that even includes my very pro-EU law lecturers and a Labour councillor – very young, yet already completely cynical. You would need to talk to some (not all) people from the UCD Sociology Department to find people so dumb that they think that ’cause you won’t find them in Centra.

            IV. “Even the German Realpolitik takes a back seat. One good example, which I have often repeated, is the irrationality of Merkel’s decision two years ago to let all those immigrants in.” – I believe that you are wrong on that.
            First of all, Iam not talking about de iure ARGUMENTS, but de iure IMPLEMENTATIONS who benefit German exports.
            Merkel decision was rational – Germany needs at least 2 million immigrant workers (native are all employed except for the unemployable) to rescue their pension system and the welfare state.
            What was irrational was her ESTIMATE – that 50% of those “refugees” will find a job (official forecast). Only 2% did. SO she was rational and coldblooded on one front and irrational and deluded on the other.

            V. “They don’t even realize that their parliaments are bypassed as EU regs are put into law automatically, without debate, by SIs.” – in Germany they are not: Germany is the only EU country where their national law overrides the Lisbon Treaty. I wrote about it many times.

            VI. “The failure of F and G to be fined for breaching EU rules was often the subject of comment on this blog back in the day.” – but only I covered the topic that Germany is Europe’s prime destination for money laundering and was deliberately obstructing pro-transparency EU/WTO legislation.

            VII. “Germany profited and Britain was penalized (carbon credits).” – that on Britain’s unrealistic targets I didn’t know. Btw, Germany is now exceeding even those low targets.

            VIII. “As for the German secret service having spies in the British government, what do you base that on?” – their past penetration, circumstancial evidence – Thatcher’s ambassador acting against her via the German media; that you would be immediately sacked as a UK minister (I think this was like less than a week – cannot remember who; asked yo uto remember) for one anti-reunification sentence; the fact that the UK media censored the Prime Minister re Peace Treaty/reparations testifies on the state of penetration; look – if Germany was able to have their foreign minister in 1990 Poland, their prime minister in 2008 Poland; that Czechoslovakia was able to topple Chamberlains government and help bring Churchill to power (see my references on Peter Hitchens’), then for Germany it is HUNDRED times easier to topple a UK government than for Czechoslovakia. Spies is a wrong word (I said that I’d use shortcuts for brevity): agents of influence is a better word.

          • Grzegorz Kolodziej

            “I never heard of the health enlightenment crowd in Germany and was unaware that UNESCO was pushing ‘genderism’.” – yes, there are people who suddenly discover and salivate in titillation that UNESCO has its sexual education agenda (this includes people on PH blog). Little the poor fools know that they are being set out in Germany and financed by the German state.

          • coldblow


            Apparently in your haste you miss my sentence, “We will have to agree to differ on this.”

            You are merely restating what you have written before, as I am.

            But since I am here.

            You have not given me any additional reason to change my mind about BND infiltration of the British govt. By this stage I don’t expect to see any. I was using ‘spies’ for brevity too.

            As you say, there is nothing utopian about the German Mitteleuropa strategy. I have never argued that there is. However the EU project is irrational (what you call the Spinelli project) and seeks to minutely regulate everyone’s life. This is irrational and utopian. It has found a cause in AGW, which I am sure you will agree is even more utopian. It has removed internal borders, which in the face of massive immigration pressures, is utopian and very stupid. It has a united currency which has proved to be a disaster. These are just off the top of my head. Mitteleuropa and then this. Equally the US is hard-headed in its dealings yet Obama’s govt signed up to carbon reductions that would reduce economic activity to the level of the 1860s. Britain has been perhaps the most deluded (leaving out Ireland of course) regarding AGW as it closes coal powered power stations and has formulated an energy policy that relies on some scientific breakthrough in carbon capture. What’s the word for that? Oh yes, utopian. And as you know, of course, this absurdity is even more absurd when China and the rest of the world are expanding their carbon emissions.

            Merkel’s decision on the immigrants in September 2015 was uncharacteristically badly thought out. Indeed, it was not at all thought out. She has paid a political price and placed her country’s, and Europe’s, future in grave danger. I read people at the time (here) arguing that it was a rational, if not a cunning plan, to bridge a workforce and demographic deficit (as you do). This has long been a staple economic justification of mass immigration. It utterly fails to impress me as the drawbacks obviously far outweigh the supposed benefits. Whatever this is, it is not cool, calculated Realpolitik.

            Finally, I don’t know about your Centra, but most people I have mentioned Europe to don’t know anything about it. It never occurs to them to wonder where these regulations come from, if they notice them at all, that is. To those who do think (who Kunstler calls the unthinking classes) I think it has only been in recent years that they have realized what is going on. Even most of those, however, don’t have much of a clue about the EU decision making process. When Irish Water was set up and there were mass protests how often was Europe mentioned? Ditto the waste collection? Yet the EU is the sole reason for this stuff. They think they elect TDs to pass laws when in fact they merely wave them through without discussion. (I don’t mean Germany.) Sometimes some plonker of a journalist complains about long Dáil holidays when they should be there passing laws. We have far too many laws as it is and would be better off if they doubled their holidays.

            Now, Grzeg, we will have to agree to differ. You can have the last word but I can’t see what you have left to add by this stage.

            I would be interested in knowing when the terms introvert and extravert came into usage and from who. You say it was Freud.

          • Grzegorz Kolodziej


            I honestly don’t see where the fundamental disagreement between us is.
            You say that the EU project is dystopian, I say that too – except I add to that that it wasn’t until 1986 when the Spinelli Group forced it through, and I say that the Spinelli Group vision was not the only one – and that, of course, there was no EU until 2009 (in your opinion, if the Spinelli project – so the post 1986 European Communities – was the o n l y one from the get-go, was Churchill in favour of it too? He supported the European Union).
            You say that Merkel brought the immigration disaster onto Germany and Europe – I say that too.

            You say “I read people at the time (here) arguing that it was a rational, if not a cunning plan to bridge a workforce and demographic deficit (as you do)”.

            Well, Germany is in demographic collapse. This is beyond dispute. It has two ways of solving it:

            1. – to prop up the welfare state/pension system with immigrants (you can try to fill it up with German natives, but they don’t feel like procreating too much, and even if they did – it takes 20 years for new people to start paying taxes)
            2 – or to abolish the state pension system (that comes from Bismarck) and welfare state.

            To me, long-term 2 is the only rational and sustainable solution.
            I understand that you are not in favour of it.

            What’s the 3 option for Germany? I don’t see any.
            Either new workforce or the collpase of their welfare state.

            Now. Can the “refugees” be that workforce? No, they can’t, and I was saying that they won’t before it really started, and they are not.

            So did Merkel fucked up in September 2015? Of course she did (and I didn’t even mention their hostile civilisiaton and that they won’t assimilate).

            Fundamental question to you: why did Germany started to import any immigrants in the first place (from the 1950s)? – first from Italy, then from Yugoslavia, then Turkey, now Middle East/Africa (since the Poles don’t really want to live there and they don’t want Ukrainians because of their nationalism)?

            B e c a u s e they are too f…g lazy and have been since they got used to live off the other peoples work during WWII and got away with it nicely.
            If Germans wanted to do all those menial jobs, there would have never been any need for any mass immigration (starting from Italians) to Germany.
            But they didn’t.
            The only difference between this wave and the previous ones is:
            1) These newcomers don’t want to work
            2) They won’t assimilate
            3) Other countries won’t take them as Merkel hoped.

            We have this idiom in Polish that describes Merkel perfectly – chytry dwa razy traci.
            A very imperfect way to render its meaning is: graps all, lose all.

            Is the EU a great delusion and a dangerous one?
            You – yes, it always has been.
            Me – yes, since 1986.

            That’s ALL we differ on.

            And so far, other countries bar Germany/France were losing on it while now they are losing on it too.
            Their cunning Mittel-Europa plan is turning against them.
            And I say – fuck them.

            P.S. “I would be interested in knowing when the terms introvert and extravert came into usage and from who. You say it was Freud.” – no, no, no – I say it came from Jung and that Jungism is a form of Freudism, same as Trotskyism is a form of Marxism.
            And Freud copied his idead from Schopenhauer anyway, and vulgarised them.
            You MUST read that link on Mazur and characters, you must.

      • I’ll think about it Adam

        • Maybe silver is better.

          Maybe mining shares of silver producers are better yet!!

        • Truthist

          Tony, it is not very helpful when u just copy & paste from some guru despite they being very knowledgeable ;
          U should give the essence of whatever u “copy & paste” in ur own words.
          Most of them are just reiterations of other plethora u post.
          Ur own hard thinking is required to give us the essence ;
          And, u have certainly deviated from doing that over the last year or 2.
          Not that I wish u to tax urself ;
          But, these “copy & paste” jobs are often very tame & misleading ;
          Paul Craig Roberts epistles
          Well, up until his Road to Damascus letter the other day following the sacking of Grimaldi.
          I am correct to bring u to task about inherently recommending the buying of shares for Silver Mines instead of actual Gold & Silver because u have been most emphatic for years to readers that they opt for the “Bird in the Hand” rather than the “Paper in the Hand for the Bird”.
          U may think it that one is unraveling a certain hypocrisy ;
          But, I say that to challenge u so is one revealing what was ur choicest advice to the all the readers oh so many times.
          Moving on ;
          I did conduct somewhat of a deep search to discover if HSP has devised :
          statement on the precious metal coin as to the % of Silver
          statement that it Legal Tender for respective Jurisdiction of its origin
          submission that precious metal coin be offered not just as silver coin, but also a gold coin
          YES, “The Dreadful Few” ;
          They the Patrons of the FMs no less.
          And, so many sectors in Canada being riddled with ‘em.
          Paul Craig Roberts has broken his mould … at last ;

          • Truthist

            Typo ;


          • Truthist

            Typo ;
            Paul Craig Roberts has broken his mould at last though ;

          • 1_
            statement on the precious metal coin as to the % of Silver
            Yes a statement on coin saying weight of silver.
            statement that it Legal Tender for respective Jurisdiction of its origin
            Yes the silver one ounce libertad is already legal tender.
            submission that precious metal coin be offered not just as silver coin, but also a gold coin

            No gold coins not suggested at this time as silver is the working man’s money. gold coins would be a future project



            1.- It is impossible to mint silver coins for stable popular savings, if they bear a stamped monetary value, because the value of silver fluctuates with a tendency to rise, and thus any stamped value on a silver coin will always be surpassed by the rising value of the silver in the coin.

            2.- Mexico can recover silver coinage as a vehicle for popular savings, if the silver coin does not have a stamped value, but rather an official quoted value which can be raised as rises in the value of silver take place.

            3.- The “Libertad” pure silver one-ounce coin is already Legal Tender in Mexico. Its value fluctuates with a tendency to rise with the silver market. If it were given an official monetary quote, it would turn into an ideal vehicle for popular savings and would never go out of circulation. (More that 60% of the Mexican population have no savings for their retirement.)

            4.- A silver coin with a quoted official monetary value would be a great vehicle for popular savings, but due to the fact that its monetary value would always be for a larger amount of Pesos, and never for a lesser amount, the “Libertad” pure silver one-ounce coin would never be able to substitute the present monetary system of Mexico, which will endure such as it is today.”"

          • Truthist


            1. & 2. must be clearly & unequivocally stated on each coin ;
            Even if this ==> bigger sized coin than envisaged.
            THIS IS ESSENTIAL ;
            ACTUAL MONEY
            PRETEND MONEY
            I wonder would firm plan for 3. i.e. Gold Coin in same way as HSP’s Silver Coin undermine the HSP Silver Coin ironically in a Gresham Law way ?
            I again typing ad lib ;

            Re; A HSP Gold Coin ?
            I must let it settle in my thinking over the coming days for to hopefully return with advance as to its merits Yay or Nay.

            Thanking u

            That was good feedback ;
            Because, once u start reading HSP one is inclined to get sucked in to what especially wise musings written in easy but no less superlative style & yet for this quest not have gleaned the answers to 1., 2., & 3.

            I look forward to HSP being addressed personally with direct questions about 1., 2., & 3..

        • Mike Lucey

          Adam / Tony, I enjoy seeing you two taking the piss out of each other.

          • Cheers Mike.

            Those pieces of gold gathering dust on Tony’s sideboard enjoy taking the piss out of him too Mike! Someone else is off spending the hard earned cash that he was duped into spending on them.

            Just joshing Tony, love you really.

            Meanwhile, in a galaxy far far away, my Bitcoin… enough said about that.

  29. From the past. Views on secession and separation.


    “Of course, I would not use force to thwart a democratic decision. A country can only hold together if a people want it to hold together.” PET

    “Canada is no longer self-sufficient in oil. We are now beginning to import more than we export, to consume more than we produce. Ten years from now we’re going to run out of the stuff completely”.(1976)

    One can not believe everything one reads {:-)

  30. Truthist

    “We have not gone away, u know ?” 8-(

    Rephrasing Gerry Adams famous statement

    We = Ireland

    gone away = “seceded” / “gone away” from British
    And, here is evidence ;
    Adam Byrne
    October 8, 2017 at 1:52 pm

    “The Scots voted against independence for themselves – total cowards.

    Yugoslavia was the first country I ever visited outside of the British Isles – when I was 16 in 1989.”

    • Meaning I had visited Scotland, Wales, England, Northern Ireland and the Isle of Man before anywhere else outside the Republic of Ireland.


      Inter alia.

      • Truthist

        Equivocation ;

        But, even then u include the North East of Ireland [ N.E.O.I. ] in that weasel worded response.C


        Good job that u not minding China’s Gold ;
        Otherwise, China would some day discover that u, in ur hubris & delusions, had sold it all for digits on some server.


        Still, u do post the odd useful post ;
        Although, never economics related.

        I wish u well nonetheless


    • Truthist

      Typo ;
      We = British


      “The British have not gone away, u know ?”

  31. Truthist


  32. Deco

    One would have thought, that a crypto-anything named after “ether” (nothing) would have gone nowhere.

    I know some of you will disagree with me vehemently.

    But the cryto-currency mania is nonsense. Utter nonsense.

    Just think about it. It is a complex set of code, pretending to exhibit value, and ultimately it is backed a reserve of….
    …a reserve of….

    nothing (except the illusion that some fool out there will pay more for it).

    One may as well be selling AIB shares in 2006. ( AIB shares are backed by an illusion of competence and ability – when none existed. In fact it took all of a long time to realise that. And that illusion cost us a housing crisis, because state policy had to be re-engineered to make AIB solvent again).

    Well, now you have a bet based on an illusion.


    For some peculiar reason, this is located in Stockholm – a city which never gets financial sense, no matter how many boom-bust cycles it endures. Stockholm real estate is now more expensive than that of London. And the economy, is much smaller – to say nothing about after tax income, and corporate profits earned by concerns operating in the immediate area.

  33. Thought for the day

    “An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen.”… Earl Wilson

    • “”In 1936, John Maynard Keynes gave new meaning to the term “animal spirits.” Here’s the passage from The General Theory of Employment, Interest and Money:

      Even apart from the instability due to speculation, there is the instability due to the characteristic of human nature that a large proportion of our positive activities depend on spontaneous optimism rather than mathematical expectations, whether moral or hedonistic or economic. Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits—a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.

      Yeah, I’m sure there are easier ways of saying it, but he’s an economist; it comes with the territory. Economists have a tendency to pretend that economics is a legitimate science, where you can come up with a perfectly accurate measurement, if you can just get the inputs right. Yeah, it’s a flawed concept from the start. Because it’s people we’re talking about.”"


      • Truthist

        This sentence does not read well — or “in any way” well — in that passage ;
        “Yeah, I’m sure there are easier ways of saying it, but he’s an economist; it comes with the territory.”
        But, yes, this is an episode where Keynes is actually correct ;
        BUT … BUT … BUT
        I think economics is predictable when u have the people totally controlled ;
        Even when u have them “just inside the door” ;
        “the captive audience”
        And, that is not just about deep conspiracies ;
        But, also simple commercial settings.

    • Truthist

      Above mini-thread on Trump “Our President” 8-(

  34. Truthist

    Although Scotland is justifiable secession attempt.


  35. Deco

    Alright, the Budget.

    There seems to be a commitment to tackle the transport bottleneck problem in Dublin. That is good news.

    There are three routes (pardon the pun) being pursued to throw money.

    1. Faster buses / bus routes.
    2. Metro North.
    3. Cycling/walking.

    1. Faster buses / bus routes. This is the biggest part of the emphasis. And it is the area where the biggest improvements will occur.

    The wagon-wheel bus route for Dublin, is inefficient, and the opposite to functional. There are higgedly piggedly routes like Dun Leary to Tallaght, but on the whol intra-suburban has not changed to follow the business. In the suburbs there is an urgent need for better bus route planning. And maybe also, less traffice on certain routes, and rediversion of the buses to other routes.

    I still do not see any evidence of
    i) a central urban bus junction in Dublin City centre. Lads in case you are reading this, Warsaw and Berne both effectively have this.
    ii) any plans for depots on locations meeting the rail links – like Howth Junction, or on the South West approach at Grange Castle.

    In fact there is a massive green space beside a main road that links to the N7, right beside a spanking new, completely unused train station in GRANGE-CASTLE, D24.

    That would be one ideal location for a West Dublin suburban bus terminus. With buses going up and down the M50 to employment locations, linking the business railway line on the island (the stretch between Hueston and Newbridge).

    2. Metro North. This is expensive. I just hope that it has better capacity than the Luas, which is packed during rush hour. Also there needs to be a motor park, on the M50, to get people to park their cars, and use the metro.

    3. Cycling lanes / walking. This will regnerate the inner suburbs. But it will need to be given support, in the form of higher density urban development. Developing Dublin with same residential density as Navan, does not make Dublin a functional city.

    Also, it should be mentioned that Galway, needs something similar – though, we can be certain that the same projects in Galway, will be considerably cheaper than they are in Dublin.

    In particular Galway needs a bus service between Oranmore and Salthill, that sticks to the suburban route. All of Galways urban bus routes meet in the centre. In fact, they achieve something that Dublin bus cannot do with it’s enormous budget. However, some of those buses have bottlenecks.


    Minister Ross, in addition to a Bus Route M50-N [ Howth Junction to the Metro North interchange, to the Maynooth lin interchange, to the bus stop on the M4, outside Liffey Valley to new bus depot in Grange Castle], and a M50-S, [ Bray to Dundrum to the Luas on the M50-N7] to a bus terminess on the M7, to Grange Castle, you might wish to consider a bus route along the following. With a link to the rail network.

    In fact a bus route linke this should link the rail lines

    Oranmore train station / Oranmore Bus Eirean stop – follow the outer route, Tech Park, Mervue, Newcastle (north of NUIG), Westside, Salthill, Inverin.

    An outer suburban route.

    I have a prediction.

    It will make money, for Bus Eireann. In fact it will drive up the utilization level for other bus routes into Galway city that are NOT making money currently.

    In other words, we need to realise that the people, and the businesses (and the traffic) are increasingly in the suburbs, on week days.

    Therefore we need 5 day services in the suburbs, linking the suburbs, and outer interchanges with each other.

  36. Deco

    Actually, there is no need for a Bus Terminus in Grange Castle. All that is needed is a stop, that is large enough and designed as to enable transfer from the (not being used !!!) train station.

    The Terminus will be Bray at one end and Howth Junction at the other.

    And the buses runs can be concentrated in the hours 07:00 to 09:00 and 16:30 to 18:30, on the five working days.

    The main purpose being to link other bus stops, for buses that are designed on the wagon wheel (which incidentally has no hub !!!!)


    Merrion Square.

    Currently used as the most expensive parking spot in the country, and owned by Dublin City council.

    Well, I propose that DCC do their bit for transport in the city (as against their usual bias towards messing it up) and hand over the parking spaces to Dublin Bus.

    And Dublin Bus use this as a bus interchange location. Buses arriving and departing in the location where currently there are cars holding up space all day long.

    Maybe have Merrion Square as the terminus for Metro north instead of St. Stephen’s Green. It will stop in St. Stephens Green also. But it will run to Merion Square, which will be a very busy bus interchange – like Eyre Square in Galway.


    If we look at a metro map of large, high density cities, we see a grid system, and many interchanges. This increases the usage rate.

    Dublin does NOT have the residential density to support such a plan.

    However, what if the same approach was followed with buses ?

    In effect, having a more thought out, expansive bus route network with many interchanges to link up routes. And hop-on hop-off being the norm.

    Currently, the bus route model is far too restrictive. It is designed to operate as a bottleneck. And that bottlneck is between Drumcondra Square and Ballsbridge. In fact it is a nightmare.

    The real value of Metro-N might be to take the traffic. The rest of the route might acually be a waste of money. But if that part was improved, then the benefits would be considerable.

    Bus interchanges in the suburbs could take traffic off the entire system.

    • Deco

      Just wondering, but what if the bus sytem combined network design that encouraged greater usage, concentration on busy periods, hop-on/hop-off/hop-on-again, and route flexibility in suburban districts ?

      I reckon it would
      - reduce traffic
      - increase profitability
      - deliver better user satisfaction
      - allow drivers a more felxible rota, including time off in the middle of the day, as occurs in the catering sector.

      Maybe we need “blue-sky” thinking to public transport.

      Of course, the unions will go ballistic. But do they really address the needs of their drivers, with their rotas, and rules ? [ to say nothing og the needs of the public ].

      • Truthist

        How about free travel pass for all heroin addicts using government provided heroin & methadone self-abuse clinics, the pass usable only on special large fleet of distinctly coloured mini-vans with large LED neon effect whirly light on top, & each mini-van having :
        driver remote controlled sliding door

        safety glass between passengers & driver ?


        Dublin should go monorail :


        fast to build

        very little shylock-prone in establishing its build

        can be made to look :
        or at least virtually unobtrusive

        more safe in many ways

        more flexible

        can be extendend easily

        Escalators & stairs & lifts serving for up & down at stations

        private companies welcome to :

        build + run it at set ticket fair charges vis-a-vis typical wage for pick & shovel private sector laborer.

        run it set ticket fair charges vis-a-vis typical wage for pick & shovel private sector laborer.

        • Truthist

          Monorail on Stilts

        • Truthist

          All humanities & mathematics & business university courses to be offered as Online-100 % Courses ;
          And, all undergraduate bachelor courses refined down so that every student can very good standard of completed studies with exams successfully passed in 2 years max.

          Text books as :
          e-books free for citizen supplying their government given number unique to this citizen & teacher or registered foreign student & teacher
          Actually, each & every citizen entitled

          cheap on-the-spot printed & bound upon pre-pay to any citizen & registered foreign student & teacher

          printable free for citizen & teacher supplying their government given number unique to these citizens & teachers
          Actually, each & every citizen entitled
          Written by the Irish State if possible

          And, with aim that they the best course books in the world & profit making for the State


          • Truthist

            Apologies for some jumbled phrasing above ;
            But, yee get the general idea.
            And,the overall idea not originally from me.

      • Pedro Nunez

        Deco: If I’m gonna front this band, I like the sound of “Deco.”
        Billy: “Deco the bus conductor.” Is that “top-Deco” or bottom-Deco”?
        Making Merrion Square a new Busaras is;

        Imelda: [about Deco] He eats like a pig.
        Bernie: He’s such a prick.
        Natalie: Hasn’t got the voice of a pig though. Joey says it belongs to God.
        Billy: God should ask for it back.

  37. Posted at http://www.lemetropolecafe.com

    07:05 Central banks face a crisis of confidence as their models fail -FT
    The FT discusses the crisis in confidence among central bankers who are struggling to understand how the modern economy works as their traditional models fail.

    It notes that the root of the current insecurity around monetary policy is that in advanced economies inflation is not behaving in the way economic models (Phillips curve) predicted.
    It adds that the second fundamental problem in central banking is that estimates of the neutral rate of interest appear to have fallen persistently across the world. When its because of demographics or a global savings glut, low rates no longer have the same impact, limiting the effectiveness of the stimulus central banks want to administer.
    FOMC minutes revealed a number of officials expressed concern that low inflation readings may not be transitory, as many had been predicting.


    “”When its because of demographics or a global savings glut, low rates no longer have the same impact,…..”"

    Not mentioned is a third alternative that people have no money left at the end of the month. In which case they cannot buy additional products without borrowing. Couple this with the fact that people have reached the limit of their ability to borrow and it matters not a whit how low interest rates drop, They still cannot borrow any more. They are unable to make any additional payments.

    The result is stagflation. = A dramatically increased money supply in a depression which the net result is lower pricing and a lower cost of living index.

  38. terence patrick hewett

    Robert Harris has just brought out a book called Munich

    “Living in Goebbels’s propaganda culture, at one point one of the
    characters says what he enabled the Germans to do was not to have to think. You got spoon-fed the news that you wanted and it was all very comforting. One gets that now: everyone can get the news they want. They don’t have to think: they are just comforted in their prejudices, and there is a totalitarian vibe in the air.”

  39. McCawber

    Our politicians are totally out of touch.
    NAMA has such an odious reputation it should be closed down asap. Yet the government want to use as a vehicle to drive house contruction.
    Despite the PR NAMA has been an unmitigated disaster for the citizens of this country, including the tax paying ones.

    The citizens who appeared at a dail committee to describe their experiences at the hands of the banks must have been impressed by the committee’s suggestion that the financial regulator should talk to the banks about it.

    FFS but Pontius Pilate has a lot to answer for, he wrote the manual on hand washing.

  40. Grzegorz Kolodziej

    That bit from that article is really interesting:

    “She revealed that she had also been attacked around the same time as her husband, when she asked two men who were having sex in front of their home at 6 o’clock in the evening to stop.”

    It makes me wonder if the whole event r e a l l y was about racism…


    Other than that, I don’t know what to make of the article. Some parts of Dublin have always been rough (Coldblow wrote recently that “I am very intrigued that you said that you first come across a lawless estate in Dublin in 1987 and that even London was safe at that time…”) – but whether this is racism or just the city being rough in certain places (incidentally, in some tourist areas), I don’t know.

    The article states about the criminals that “Both men ran away after the violent ordeal” – but isn’t it what you would expect from faggots, considering that among the Dutch soldiers who let the 8,373 civilians to be massacred in Srebrenica, many of them were gay? Btw – it’s ok to speak about faggots in derogatory terms in Ireland – after all, Ireland now has a stamp with a man who used to kill people only for being homosexual, while I only accuse them of cowardness. Personally, I would strongly oppose killing or harming people because of their sexual orientation, but this is just me.

    I’m still waiting for that Hitler stamp – that would sell even better. Btw – while An Post is now taking all the blame for the Che Guevara stamp, I want people to know that it was in fact the Cabinets idea:


    • Truthist

      Well, Varadakar’s bosom-chum Just-in “Fake” True-dew is greatly suspected to be the son of Castro himself ;
      Mammy was a nympho apparently.
      Polish business man when I in foreign parts emphasized that 10 % of women are nymphos by inclination at least.
      Anyway, back to Justin Trudeau ;
      Yet, as much as he does not look like official daddy Pierre, & does look like Fidel Castro, he still looks very much like brother of Pierre.

      Blue-shirt Regime or Communist Regime 21st Century Style ;
      Same but Different

      So, Che Guevara not anathema to Fine GAY-L[esbian] Party 8-)

      And, there is the suspicion that Fidel was homosexual ?

      There are the bold assertions that Fidel’s successor — his brother [ Raul ; I think ; I lazy to look up as I type ad lib now ] is homosexual.
      I reckon that some govt. departments & many govt. agencies of Irish State have now dominant cliques of homosexuals [ male & / or female ] ;
      This lends to bad governance !

      My theory is that Garda-Landlord / Landlord-Garda Force served as very attractive institution for clandestine male homosexuals ever since its unholy inception from Royal Irish Constabulary ;
      Certainly, should raise suspicions for :
      preponderance of mustaches
      tradition of gratuitous brutish assaults on weaker passive citizens
      other seemingly motiveless malignancy
      recent rigging by the G-L’s / LG’s of Same-Chromosome Marriage Referendum in favor of Chuck Feeney + George Sore-Ass’s wishes.

      inter alia

    • Truthist

      U notice my posting above with link of Human-Chain Wall formed around Poland last weekend ?

    • Truthist

      That Irish Mirror report is very significant ;
      I only access online editions of Irish State’s newspapers ;
      And, I never spotted that on the “broadsheet” ones.
      Willful censorship I suspect.

      Absolutely horrific ordeal ;

      The woman speaks the truth ;
      Even though “a real Dub.” is probably one of the very best specimen of Irish person u could have the pleasure to meet.

      “An aul Jackeen” is a different species though ;
      But, possible for them to be tamed ;

      Dublin is racist to any from outside Dub-Land ;

      “Culchies” just as vulnerable as non-Irish.

      “Culchie” civil servants — especially Teachers & Guards — placed in Dublin & commonly conducting themselves with arrogant & contemptuous & physically brutal & otherwise disrespectful behavior did much to engender the hatred of Dubs [ but not "Real Dubs" ] for Culchies.

      Please be aware that certain parts, [ urban + rural ] of Ireland NEVER consider to migrate to Dublin or elsewhere in Ireland or Liverpool or Glasgow ;
      These folk hail from long tradition of cosmopolitanism intake & outlook apropos of their special place.

    • coldblow

      There is a Che Guevara stamp? Whether or not the Cabinet were ever able to think they have stopped doing so now. It gets worse and worse.

      I saw your Latin version of Michael D and have one of my own.

      Michael D. Minimis

      De minibis lex non curat – geddit?

      • Grzegorz Kolodziej

        Did I ever tell you that I reflecting on the beginnings, policies and corruption scandals surrounding the early 1990s Tusk’s CDU-financed party Kongres Liberalno-Demokratyczny (The Liberal-Democratic Congress) I wrote an article for a Polish blog (this was before he became the famous and respected – not by me though – EU President Donald Tusk) in which I proposed that at the entry to his party’s building, a plaque should have been carved out of granite saying: “Primum deciem centenum milium clepere necesse est”?

  41. Grzegorz Kolodziej


    Fidel Castro, Michael Dick Higgins’ idol:
    ““We would never come to believe that a homosexual could embody the conditions and requirements of conduct that would enable us to consider him a true revolutionary, a true communist militant,”


    In my opinion, if that’s true, that’s to their huge credit.


    “From 1959 to 1960, the new government carried out summary executions of at least 1,118 people by firing squad. Guevara himself presided over the notorious La Cabaña prison, where hundreds of the executions took place. For comparison’s sake, the Batista regime was responsible for 747 noncombatant deaths between 1952 and 1959. The Cuban revolution under the direction of Guevara also saw the rise of forced labor camps which gave way a few years later to full-scale concentration camps. These were filled with dissidents, homosexuals, Jehovah’s Witnesses, Afro-Cuban priests, and anyone else who had committed “crimes” against the new moral revolution.

    Despite the mountain of evidence for these abuses, much of which comes directly from Guevara’s own meticulous journals, popular culture still largely views him as a revolutionary of the people.”

  42. Deco

    Italy’s banks are being targetted by an Italian American, clearly motivated by greed rather than anything else.

    He forgets that Draghi, is unleashed, by the fact that Merkel cannot operate a stable government. The FDP will want monetarism, as they are an asset owner’s political movement.

    Draghi versus Dalio, with the Milano banks lined up as peices on a chessboard to be saved, or taken out.

    Dalio is correct. Italian banks are a mess.

    But the Euro is incapable of admitting defeat, and it will print, as long as there is some pretence to be maintained, as to it’s competence.

  43. https://www.paulcraigroberts.org/2017/10/14/washington-trying-starve-60000-syrians-washington-trapped-refugee-camp/

    Corruption and intrigue is rife.

    US supposedly is anti terrorist while all the time funding ISIS in The Middle east, Syria.
    Western media is silent.
    There is no political party system in the US.
    There is just the deep state v. the people.

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