October 15, 2017

Show ambition, Paschal, and give the world a plan for Ireland

Posted in Irish Independent · 67 comments ·

It has been particularly interesting listening to Finance Minister, Paschal Donohoe, talk about his plans for tax rates. He wants to reduce income tax on the ‘squeezed middle’. This is undoubtedly a laudable move. Excessive taxation cripples people, as too do excessive retail prices.


In Ireland, we have a vicious combination of excessive cost of living and a heavy burden of tax on the average person. To give you an example of this, the price of a typical basket of food in Ireland is on average 31pc higher than a similar basket in Germany, yet German and Irish wages are about the same.


Add to this the fact that, on average wages, the typical Irish person is paying over 40pc tax and it is quite understandable that most Irish people do not have any money left at the end of the month to bolster their savings.


Therefore, it is not surprising that the Finance Minister wants to reduce taxes. However, if he reduces taxes in one area, he will have to either raise taxes somewhere else or cut expenditure. The Fine Gael party wants to be all things to all men ahead of an election, so it won’t risk cutting expenditure. Thus, the minister’s objective looks impossible – unless we get significantly more growth.


More economic growth is the result of more spending and investing in the economy, and as spending and investing are taxed, taxes rise. Furthermore, as unemployment falls, income taxes rise too, and welfare spending falls, thus giving the State a virtuous cycle, where revenues are increasing. Such buoyancy allows the State to cut taxes without hitting expenditure and still balance the books.


This high-growth scenario is the Garden of Eden for all would-be reformist finance ministers. It also allows the luxury of integrated thinking. When your back is against the wall, it is difficult to see things clearly, but now that we are motoring, it’s possible for the minister and his officials to think a bit laterally.


One thing puzzles me and has done for a long time and it is this: why doesn’t anyone in the Government articulate coherently what exactly the plan is for the country, not just in terms of growth, but also in terms of fixing other problems? And why does no one link one with the other?


So, for example, why not link our industrial strategy with our housing strategy?


All around the world, small countries have big vision that identifies the industries and the strategies that they want to focus on which may facilitate growth and achieve other objectives. These always involve an industrial/commercial plan. These plans are usually integrated to address not just growth but to alleviate some other problems that the country may have. What is Ireland’s plan apart from low tax for multinationals?


Have we ever thought of integrating this plan with, say, a plan for housing and hit two birds with one stone?


Consider something as obvious as linking on-going generous tax breaks to multinationals that locate in Dublin with an obligation for those same multinationals to provide accommodation for their prospective employees; this is a bit of an “I scratch your back and you scratch mine” strategy.


MORE than 100 years ago, Guinness was doing precisely this by constructing the Iveagh Buildings all around the city; it is not revolutionary. As the rent returns to the mother company, it is actually a very attractive use of capital for the corporation, while at the same time making these companies better corporate citizens and embedding them in the city much more concretely.


For most multinational companies, the attraction of Ireland is two-fold. The first is the tax breaks; the second is access to potentially the best micro workforce available in the 500 million-strong population of the EU. If Ireland (and for the moment we are really talking about Dublin) can host the best European talent, then American capital will continue to flood here. This is actually much more important than the tax breaks because the single biggest factor holding back corporations is talent, not capital. In a world of almost zero interest rates, capital is cheap; people are expensive.


Ireland can host these people who are coming from other European countries as well as India and other parts of Asia, provided we can house them. The latest census figures, released this week, revealed that Ireland is a cultural melting pot. The problem is rents and taxes.


Taxes are too high and rents are too high. If we want to capitalise on Brexit and become the location of choice for English-speaking commerce within the EU, then we have to sort both of these. The commercial future for Ireland is to turn itself into a trading hub, not unlike urban Shanghai in the period 1890 to 1940, when Shanghai was a free-trading city, linking China with the rest of the world. Venice did something similar in the 1500s, as too did the Hanseatic ports of the Baltic before that.


An obvious way would be to jump together with global companies and outline a 30-year plan where we pledge to keep corporation taxes low, and keep our doors open to European talent. In return, they undertake to use their burgeoning balance sheets to do as Guinness did and build infrastructure for their precious employees. Initially, Dublin would be the epicentre of this, but with an upgraded motorway and higher speed transport, there’s nothing to prevent urban centres like Cork, Limerick, Galway, and Waterford benefiting hugely.


It’s time to see the country as one small unit in a globalised world where for most foreigners the distances between our major cities are commutes, not journeys.


We could be on the cusp of something very big, all we need is to open our arms to the world, make the place welcoming, and give the world a plan for Ireland.


In that context, the minister’s plans for tax would appear very achievable and frankly a little unambitious.


  1. blueangel

    The obvious reasons why a national business model is not articulated are that either:
    a. those in Min Fin and Dept of Taoiseach best positioned to develop one lack the ability to do so, perhaps because of conflicting lobbying by US MNC’s and the EU Commission
    b. concern about openly stating what is in fact the operating business model, due to the aggressive response it would provoke from the EU and other states.

    I think b. is the true reason. The Irish business model is to mortgage its tax sovereignty to attract US MNC’s to the jurisdiction. They then employ Irish or expat staff who pay some tax here, and the various professional services firms and commercial property agencies provide them with business services which results in payroll taxes too. The very progressive tax system delivers the most generous welfare payments in the EU to the large poorly-educated underclass which pacifies them and permits political stability and right-of-centre governments. The legal and tax systems are tuned to allow MNC’s to crowd-out indigenous firms in access to capable staff, and include features such as no effective policing of white collar crime. The neutral status of Ireland is a smokescreen for the de-facto economic control of the state by the UK and UK, guaranteeing compliant governments who never oppose the wishes of the US Chamber of Commerce. The Clearing House Group is one mechanism by which the USCC communicates its requirements to the Irish state.
    This is the Irish business model, not so very different to other rich island states, which offers something for everybody.

  2. Mike Lucey

    Yes, indeed David. Your joined up thinking would make for the ideal plan of action. It has worked before and surely would work again.

    Now if only Leo & Co would sit up and implement such a plan it would be a win,win, win situation, The MNs, Irish economy and dare I say FG in the next election.

  3. Grzegorz Kolodziej

    “To give you an example of this, the price of a typical basket of food in Ireland is on average 31pc higher than a similar basket in Germany” – and, one has to add, this doesn’t even include the cost of renting, which is twice as high in Ireland as in Germany.
    Add all of these difference in a typical basket, plus compare the cost commuting to work (the price of monthly integrated public transport ticket in Berlin is €80; the price of monthly integrated – well, sort of integrated – public transport rambler ticket in Dublin is three times of that and it’s the most inefficient public transport in Europe) and suddenly, we will understand why – even though “German and Irish wages are about the same” – the Germans are able to save and the Irish are not (it’s not because of the former working harder – the Germans are among working the shortest hours in the EU – only 3/4 of those countries where people work the longest hours).


    “What is Ireland’s plan apart from low tax for multinationals?”
    Ireland’s plan is to create an illusion of wealth by overinflating the asset prices.

    The plan was revealed in the novel “Capital” by John Lanchester:

    ” “As you know, it isn’t always straightforward to, ah, parse the relevant figures from our competitors, so the comparison can’t be exact, but we are confident that your department’s performance is in the top quartile for the sector.”
    Roger knew that, or strongly suspected it, but it was still good to hear.
    “Your personal evaluations are strong. The compensation committee is of the view that your performance overall is strong.”

    Yesssssss! This wasn’t million-quid talk. This was two million, maybe more. Could he be heading for two and a half? A quarter of the way to 10 million pounds. He and Arabella might even have sex!

    “There is of course a context for all this,” Max went on. Now, for a smaller man than Roger, a man with less steady nerves, this might have been a warning note, an incitement to panic; maybe, even, an invitation to think about missed mortgage payments, promised but unbought diamond necklaces, the deferment of holiday plans; because to a lesser man than Roger, Max’s words might have sounded awfully like a “But”. Roger, however, was a veteran of Pinker Lloyd assessments. This was getting on for his 20th. He knew that, just as a judge delivering a summing-up likes to make both sides in court shit themselves before reaching his conclusion, a member of the compensation committee likes to have you thinking about bread and water before he gives you a villa in Poggibonsi with a line of cypresses down the drive, a small vineyard, and a heated swimming pool.

    Actually there was something to think about there. Minchinhampton was fine but, as previously noted, could be seen as dowdy, and it only took one wet summer to put you permanently off the whole holidays-in-England thing. A bonus of £2.5 million would, once he’d paid for all the things he had to pay for, salted some away in the pension and VCTs and all that, leave him with a fair few quid left over. It was said you could get somewhere pretty habitable on Ibiza for a million quid. Worth thinking about.

    Roger’s attention had only wavered for a moment, but when he got his focus back, Max was saying, “…and of course the context for this is not just the wider problems in the industry, the cloud no larger than a man’s hand and all that, and the repricing of insurance and swaps. That’s just the general weather. In addition, there has been the difficulty we have been having with our Swiss subsidiary.”
    And all of a sudden, just like that, Roger felt his bonus beginning to shrink. This was not mood music, this was an actual, genuine, no-bones-about-it “But”.
    “…goes beyond routine volatility into areas of genuine loss. Once the extent of our subsidiary vehicle’s exposure to the US market in insecure securitizations was fully known, in particular the fact that those losses are still not precisely assessed, though known as reaching into the ten figures in euros…”

    Max was telling him that the bank had lost a couple of hundred million euros this year. This was through their Swiss subsidiary’s exposure to subprimes. Well whoop de flipping doo. Roger stopped listening. He was getting it in the arse, and didn’t need to know the details. Max talked on for a bit more and then the moment came when he slid the envelope across the table. It was clear that his bonus was going to be minute, could even be as little as his annual pay of £150,000. In practical terms, that would be the same as being dragged out the back of the office and finished off with a bullet in the back of the neck.

    Roger opened the envelope. It was stuck down, and for a moment he felt a flash of irritation at the prats who ran the bank, the kind of people who didn’t know the convention about hand-delivered letters, that they were never stuck down, on the basis that it was an implied insult to third parties handling the letter; the convention was that among gentlemen you could rest assured that private correspondence would go unread. But these nouveau twats had no idea about anything like that. He took out the piece of paper. His bonus for the year was £30,000.

    He knew that there was no point saying anything; that it would do no good to cough and splutter and remonstrate. He had been the person on the other side of the desk and was fully informed of the futility of saying or doing anything in protest. And yet he found himself saying: “But… what… it isn’t… contribution, billions… fundamentally not fair… when I think of what I’ve done… basic pay… not a question of greed but of necessary…”
    What was the point? There was no point. Roger stopped talking.”

    • Metropolitan Hillbilly

      Interesting article David but why not show real ambition and give Irish people (and others) a plan for themselves by pivoting your suggestion a little bit? People act in their own self interests and always have. Ordinary Irish taxpayers need a vehicle for their ambitions. I believe that vehicle would usefully take the form of self governing/directed individual retirement accounts similar to ISA’s in the UK,or ROTH’s/IRA’s in the US. The special savings account was a useful precedent but develop the idea and allow the money to remain tax sheltered and growing until retirement. Such vehicles are already available for the wealthy so why not roll out a simplified version akin to SSA’s?
      There is no utility in giving tax breaks if the cash in peoples pockets is speedily transferred to overpriced holidays, new cars or housing. Allow Individuals (and not Ireland Inc.) to invest in any area of their choosing stocks,bonds,gold etc. through a retirement account. Allowing people to make their own choices creates a diversified risk profile which steers people away from betting on a concentrated bubble like the property market again.
      The time is ripe as new regulations come in force throughout the EU from next year. There is a wall of money being invested into passive funds with ETFs such as Vanguard etc. Why not develop and expand that Industry (Vanguard have Irish domiciled funds in the IFSC) further? It provides a useful tool to move Citizens towards self reliance and reduces the requirement for taxpayer funding for pension provision in future years.

    • SMOKEY

      Pathshckul Odonnashcu, thith ith the budet. Prothsthperity for all.
      Im unable to thspeak without a lithsp. Lithen to me thspeak.

  4. https://www.amazon.com/Seasteading-Floating-Environment-Liberate-Politicians/dp/1451699263/ref=as_li_ss_il?_encoding=UTF8&qid=1508077592&sr=8-1&linkCode=li3&tag=joejarme-20&linkId=f14caef7998985948cba2dacd8f97f97

    Seasteading may be the way of the near future. It is far easier and more practical than settling space. City states with minimal government and hotbeds of entrepreneurship. People ebbing and flowing to where their interests are best realized.

  5. Deco

    I am not sure if the mncs will participate in it. They are here to grab as much as they can for themselves.

    A better strategy would be better planning. And in that department, the Institutional state has prven highly effective as a bottleneck on economic agility, and performance with respect to the private sector workforce.

    The wagon-wheel design of the bus system in Dublin being an obvious example.

    The restrictions on urban development in an urban area, being an even more concerning example. With Eamon Dunphy type protesting against apartments being built in most desirable living zone on the island – because he wants to be able to go into an expensive convenience store.

    Guinness, are a rather interesting case study in market rigging themselves.

    To say nothing of the manner in which they have used their wealth to script media coverage of Ireland chronic A&E problem to be hardly related to Ireland’s substance abuse problem. Pravda says the problem can be solved with “more resources.

    I have a different suggestion. “less subtance absue”.

    Roisin Shortall pronounced the same thing on the national media, and she got shafted for speaking the truth.

    David – thank you for writing an article that urgently needs to address a core reason why Ireland’s competitiveness is slipping. And jobs are moving North, and East.

    We tend to think of Ireland being competitive because Dublin is cheaper than London.

    But Dublin is more expensive than ther UK cities, which are selling into Dublin.

  6. Deco

    To borrow a quote from Canadian Academic, Jordan Peterson….Irelnad…”you need to sort yourself out”.

    It appears to me that official Ireland is in denial, and is refusing to sort anything out.

    Too busy maintaining pretence behind expensive showcases like Conference Centre (the Cowen can) and the rebuilt inspiration for concussion centre in Landsdowne road.

  7. Truthist

    Lots of things are over-rated in this article :


    the physical [ understood ] + investment enormity needed to solve the home crisis

    High-rise [ 20 storey ] spacious actual condominium blocks [ terraced storeys / stepped storeys is what is required ] as part of condominium villages with all the typical services needed in normal village also built-in to the scheme can be built :

    very soundly

    by :

    Communism Business Model ;
    State doing so solely involving :
    National Service — physical if capable — by all :
    Public Service
    Army ; Same pay
    University Students ; set pay
    Jobless ; set pay
    Department of Public Works ; Same pay
    Rent-to-Buy negotiated scheduled Occupiers ; Free + Set Compensation
    inter alia

    Communism —–> Delegated Private Sector for set fee Business Model

    Communism —–> Delegated Private Sector for set fee + percentage of Rent-to-buy Business Model

    Private Sector Business Model
    Occupiers to be mix of :
    Indigenous “Irish Homeless”, & Irish “Homeless + Roofless” ; PRIORITY
    “acceptable” Foreigners
    Occupier of each unit :
    Buy immediately

    • Truthist

      Yet, my choicest home-ownership model is that of physically transportable nominal space bounded by limitless height in open terrain & minimum height otherwise given as a right from public space to every citizen as their automatic private property upon leaving their homestead rearing — family home, child institution / prison inter alia — & this private property cannot be transferred or shared in ownership to any other person but reverts to the State upon death or treason of the owner & is then by default given to surviving Irish citizen head of household where they not already in possession of this class of private property.

      However, pending adoption of my above proposal for bold Private Property Rights for all Citizens upon having departed from homestead rearing, I suggest that the model of my initial post is very feasible.

  8. McCawber

    Joined up thinking.
    The solution is simple and it’s out there.
    The government and top brass in the civil service needs to identify the join up thinkers already on their books and then start promoting them to positions of influence.

  9. Grzegorz Kolodziej

    “Laura Byrne Retweeted
    Laura Byrne? @LolsyByrne 3 hours ago


  10. Truthist

    Something we do know that all the political parties + the permanent government [ The Civil Service ] + “The Deep State / The Hidden State” of The Irish State have in their plan is furtherance of LBGT agenda,
    LBGT Parades
    Seriously, a nation should be sourcing enterprise from its own people primarily ;.
    And, u ain’t gonna keep the best of native Industrialists & Entrepreneurs when they reflect that their own nation are but[t] deviants.
    The greatest of industrialists & Entrepreneurs mostly had as prime motivation in their plans, for their inventions & innovations, the benefit of humankind.
    Short-lived though that the beneficial outcome inevitably ever lasts though ;
    Because, evil people do continue their evil ways.

  11. Truthist

    And, now Just-in “Fake” True dew [ Son of Fidel Castro ? ] is stipulating that bending over for LBGT stuff be pre-condition for International Trade Agreements ;
    Does Varadakar have a plan to save our asses from that agenda ?

  12. Truthist

    Very recently DMW bemoaned basically :

    excessively high “common” taxes ;



    excessively low “sector” taxes ;


    Annual taxes [ e.g. Rates ] on Property ;
    Especially allegedly “under-used” property
    income tax ; vis. excessively low income tax on super high earners
    As solution for the above, DMW propounds the opposite
    Sounds a touch Communist to me
    And, I say this even though I have as option a taxation model which might be classed as even more Communist ;
    Although, it novel & not in current practise.

    And, there is always the very plausible case for short-term Communism / Fascism so as to boot-strap a country from low beginnings ;

    Not that I necessarily endorse nor endorse ever any of the above ;
    But, as propositions they can show some merits.

    However, to borrow from very wise dictum of Charles J. Haughey, “real economic growth should be sustainable”.

    And, the above are not sustainable.

    Even, the world’s one-&-only super-power Israel has a false economy which is not sustainable according as humanity wakes up.
    Most of its revenue is got from the most dubious of sources


    annual stipend from USA Govt.

    annual stipend from Zio-Christians of USA ;
    And, other countries ?
    Zio-Christians from 3rd World countries

    proceeds from international crime

    proceeds from illegal arms trading

    proceeds from selling on stolen intellectual property

    stealing Syria’s oil


    Anyway, now DMW is advocating arguably excessively low “sector” taxes ;
    income tax ; vis. Corporation Tax ; vis. excessively low income tax on super high earners
    It is getting so confusing that methinks only a mind such as DMW’s good friend Bernie — Evicting Landlord Communist Hypocrite & Campaigner for Murder of Pre-born Babies & Infant Babies of Ireland — Sanders could justify such fixing-the-world as rational ;
    Lest u be remain ignorant, I here present to yees sample of Bernie Sanders’s insight as to the separate & interlocutory plans of Man & Woman ;
    # Bernie Sanders’s Trinity* Plan for Man ; *Bernie has inside track
    # Bernie Sanders’s Trinity* Plan for Woman ; *Bernie has inside track

  13. Irish Tax v EU Tax

    The demand by the EU to harmonise taxation among the members in Europe will be difficult. Unlike mainland Europe there are inconsistencies and misunderstandings of what constitutes the meaning of the word ‘Taxation’ in Ireland.

    On the mainland taxation is meant to mean an operative process ‘to charge/levy’ and it’s origins can be found in Latin ‘taxare: to charge’.
    In Ireland it is a very different matter. To complicate that, their finance acts use two separate words that have two different meanings ( not contested) . There are no simplifications to justify that both words mean the same and this is an important dissensus that will bring a shared direction for Ireland and it’s decision makers and to understand the complexity of being Irish in this changing real world that matters.

    In ancient Gaelic the primal word taxation means: ‘to stick’/’to demand’ what it finds after looking for it .The demand is determined what it needs at that moment of time. This primal understanding has always a need and the choice of wanting is rarely entertained. The moment ‘of hunt’ defines the amount of demand. The benefits from the demand are always shared within the commune only that was successful acquiring the benefit.

    Unlike taxation the Gaelic meaning for the word ’Cáin’ in the Irish finance acts is different and is ‘to set a trap’/’to raise an assessment’ in the absence of sight or proof of location of the benefits. There is no guarantee that there will be a success. Success is determined by what enters the trap or evidence of proof of the assessment. Even then a subsequent appeal can lose the benefits in the trap before the arrival of the trapper. In other words the entrapped escapes back into the wild usually with the assistance of others that heard the call for help.

    The primal trapper was humane to the wild animal ( the benefit) entrapped because the victim could call on any other animal nearby to assist to escape . The Irish minister for finance is a different animal and is not humane to his fellow human beings/electorate/ citizens because he insists that the ‘his self appointed appeal commissioner’ is the only authority to have a choice to reduce/ amend / cancel the demand of the assessment and this decision always follows his political agenda .

    The original inhabitants on the island of Ireland and UK used a communal language with a common mindset that has been proven to have remained unchanged today and this allows the islanders to be unique among themselves and that differs from the continent. This forms part of their sovereign life and will never change unless new rules dictate from EU that they are removed to a reservation or their emigrants discover in foreign lands their lapsed passports to return cannot be renewed due to complex non-residency rules.

    The EU wants to charge /levy everything throughout the EU and to be mandated by their own policies controlled from inside the EU and refute earlier laws and practices on the isles of Britain and Ireland.This means changing the rules of play and enforcing their own ‘initial condition’ to empower to be conclusive and all embracing . To achieve this they are instructing the EU bureaucratic system to accept a general majority of the EU members and not the current requirement ,an absolute majority. This removes Ireland from their mandate to voting entitlements as signed up to in the past. They are persisting with an operative process and a pragmatism without accountability and transparency.

    Fundamentally the absolute need to survive as nations on ‘the isles’ must be a cornerstone to be re-claimed and done ‘in deed’. Losing the willpower to do this noble act will deny the place, the product, and the hunter ( tax enforcer)….and that translates to mean society as we know it . This rhythm of evolution must not be broken otherwise a void is filled by a nearby tribe ( France/ Germany) and the resulting societal edifice collapses to subsume to a new authority that can only remove us to the ether a place of nothingness..

    The enforcements of EU laws must not be allowed to defy the laws of gravity or the time we live in. No self righteousness can claim superiority to nature. The inquisition tactics by the EU used to appropriate costs and penalties on an earlier time period to any proposed new enactment and that operates properly to local laws within their definition of national fiscal policies is an anathema and a conflict to the tenets of the understandings between nations joining the club. It is incumbent on the Irish Minister to disenfranchise the EU choice of their not too well chosen words that inflict on the real definitions of what really constitutes tax in Ireland.

  14. Grzegorz Kolodziej

    If there was anything to strengthen my doubts about the Irish media unable to do up-to-date reporting, it is this tilly bit of news from this hour:

    The Irish Times says that there are 360,000 people without electricity:


    While the Taoiseach and The Sun say that there are 100,000 people without electricity, in an article with a headline that 22,000 are:


    I know that the latter article is written earlier and the former later, but they are posting it as of this hour and you cannot get it wrong by 260,000 and still pretend that you are the news service.

    The whole hurricane reporting today was disgracefully amateurish: you just could get any timeline of when the hurricane will be passing through which parts, with what predicted strengths, etc.

    All there was were some maps of the Atlantic, people posting their photos and reports which was just about the only precise information there was, and vague and not updated bromides such as that it will peak in Leinster in the afternoon, but it will ease off after 6 pm, or 7, or maybe not at all. It will be worst in the south-east, or it will go to the west, and then it will hiroshimise the entire country (The Anti-Irish Times actually showed a map from which it followed that it will stop precisely at the border with the North:

    https://twitter.com/BarryMcColgan/status/919646190848929792 ).

    The whole country ceased all its public transport and essential services – but curiously, the airports were good for landing.

    Personally, I just took a very long walk during the hurricane and took some nice pictures, enjoying the peace and quiet (no pedestrians, though surprisingly many cars – in America, many people would stop their cars in such situation and ask you: “are you ok?” – but hey, this is Ireland). Hope that everyone else is ok.
    Not that I wasn’t ok – the Ophelia was, like sex in general, rather overhyped.

  15. Grzegorz Kolodziej

    A Jihadists sentenced for terrorism given high profile job in London Council:




    No comment on that


    Nordrhein-Westfalen suffers from the scabies epidemy. The hospital in Bonn had to close one of its departments because of it. The dermatologist from this hospital says that before 2015, there were no scabies cases in his department. Nordrhein-Westfalen is the land that has taken most “refugees”.


    Do you know what? I think it’s because of the Poles – it must be!

  16. coldblow

    From Micheál Ua Chiarmhaic Cuathán na Sceilge

    On stormy nights you could hear the rafters knocking, the wood creaking with the force of the strong gusts of wind. It is many a hurricane moving in from the Skellig to the west that destroyed these same houses. I had a bed up in the back-loft and my father often woke me in the middle of the storm to tell me to hurry down for fear the house would be knocked down. You would hear the big gusts of wind approaching one after another like waves of the great sea. There were airy sounds to be heard inside the body of the wind – it is often one would hear a lonely sound like a group of sows jostling each other. I often heard the old people describing such wonders.

    My mother, Máirín Ní Chreimín, was very devout. I see her now, like a bishop, sprinkling holy water on the walls. She often made us kneel down and say the rosary to pray to God to soften the approacing storm. In the hour of need my mother would never refuse a prayer to deliver all the people from the peril.

    There were many stories about the Night of the Big Wind 1839. Few houses escaped whole that night. I hold my father say that the roof of the Ciarmhaic’s house was swept away and that my grandfather, his wife Máire Ni Fhianachta and their children stayed behind a wall of furze until morning. Diarmaid Ó Galbháín wrote a poem about that night. He was a stone mason and a lesser poet.

    Listen a while while I tell you my story
    About the hurrican wind that moved through the skies
    From the Skellig it travelled and west from Lomán.

    There’s nowhere a tree or furze bush
    That it didn’t pull to pieces in not time at allegation
    It levelled the ‘cathair’ and Valentia next to her
    With no shelter from the skies but a half-hour before dawn.

    It’s big a disaster from Cork to Ráth
    From Bantry to Blarney and to Sceilg Mhichíl
    South to Gleann Ára and every strong harbour
    She knocked down the walls and broke the trees

    No hillock or mound nor glen to Howth
    She didn’t wreck every side of as if with the shears
    And whatever you don’t don’t go near her
    Or she’d cut you down as dead as can be

    I’ll write a line all around Éirin
    To find out what has been going on everywhere
    The houses shattered and mist in the skies
    The thunder breaking and vicious lightning

    It was a terrible, miserable, plaintive thing
    In the middle of the dark gloom of a Thursday night
    Every man at the end of a rope, the children roaring
    The women crying hard and bemoaning their fatea

    I will send out a summons from Cashel to Boyne
    From Waterville to Lothán and from there onto Sneem
    East to Killarney and down to Ceann Tóirc
    So we will get the tradesmen who will put up the slates

    There’s no house or limed court from Ceallach to Béara
    Ná ó Shráid Bhanríon Éireann go Donncha Dí
    That she didn’t demolish and level to the grass
    And it will be a guinea per day to put up again
    (“Is beidh ‘guinea’ in aghaidh an lae dá gur suas arís”)

    There’s no builder, nor joiner nor carpenter neat
    On the Island of Ireland or any part of the land
    Who won’t be coining bright silver in aghaidh an lae
    And at play in the evenings and tasting the drink

    Bullion and money and banknotes will be heaped up
    In their pockets to spend freely on roasts and dancing
    It was the will of God that sent us the gale
    Throughout this island on a Thursday night
    That levelled the castles and levelled the high hills
    And every strong bright city ó Bhaile Átha Cliath aníos

    • coldblow

      In not time at *all* not ‘allegation’ (!)

    • Grzegorz Kolodziej

      Here is my absolutely favourite poem from the whole Irish literature, that I have first come across in my late childhood (childhood, because I first got to know it in the Polish translation of Ernest Bryll, an Ambassador to Ireland 1991-95, who is himself a – now very old – poet and a writer, and he first published translations of the Irish poetry in 1978 (VI-XII century), then in 1983 (XII-XIX century), he wrote a history of Ireland in 1998, and then he published some other books about Ireland – all of them inspired a few generations of Poles who, without having an opportunity to travel here, reached the conclusion that Ireland is some sort of a tranquil place shrouded in mist full of melancholic people playing the flutes and meditating and linked directly to Middle Ages, which of course Ireland is not (although one of the Polish candidates for the Presidency, having arrived in Ireland for a debate with the second candidate, when asked what are his first impressions of Ireland, answered that it reminds him of the Shire from Tolkien’s “Lord of the Ring”; – nonetheless, the popularity of Mr Bryll’s books does explain the huge interest in Ireland in the 1980s/1990s, on the lines “you cannot really go to a place more exotic than Ireland”; he also published lots of his own novels and poetry, as well as some extravagant books – such as an extended interview with Al Pacino, who is a personality completely opposite to Mr Bryll); I think that the poem fits today’s weather (which brought the peace and quiet onto Ireland, which is atypical) very well (this is from Acallam ne Senórach; in original, the poem is in the form of Deibhí and it has a rinn agus ardrinn, which actually makes it sounds very Homeric – it’s interesting that culture with preponderance of oral traditions over written traditions produce a similar type of poetry):

      “Winter is cold; the wind has risen;
      the fierce stark-wild stag arises;
      not warm tonight is the unbroken mountain,
      even though the swift stag be belling.
      The stag of Slieve Carran of the assemblies
      does not lay his side to the ground;
      the stag of the head of cold
      Aughty listens likewise to wolf-music.
      I Caílte, and brown-haired Díarmait,
      and keen light Oscar,
      used to listen to wolf-music at the end of a very cold night.
      Well, forsooth, sleeps the brown stag pressing his hide
      to Corran’s earth as though he were beneath the
      water of the Tuns at the end of a truly cold night!
      Today I am old and aged; few men do I recognize;
      I used to brandish a pointed spear hardily
      on a morning of truly cold ice.
      I thank the King of Heaven, Son of the Virgin Mary:
      often used I to still armies,
      though I be tonight very cold”

      • coldblow


        Poetry tends to bounce off me although a few remain with me, here and there. The old Soundings book of English Literature for the Leaving Cert had a few good Irish poems. My sister likes poetry and once I had a copy of Hyde’s Love Songs from Connaught when she visited and she read it from end to end (the Irish was translated on the facing page), in about half an hour. I however was interested in the Gaelic, the historical context, the spelling and whatever but the poetry didn’t have so great an effect.

        One big problem with Gaelic poetry until only recently is that it can be hard to understand. I left out a line in the first verse there because I didn’t have a clue what he was on about. But the Irish was still relatively straight forward and rhythmical, rather like Raftery in Connaught. The older stuff I think was called ‘cramp Irish’ or ‘Crua-Ghaeilge’ (or something like that) because it was written in strict traditional metre and ordinary people found it difficult.

        One other thing in passing is that travellers often remarked on the excellent knowledge of Latin among children in rural areas, who had acquired it in the hedge schools. I think Con Houlihan may have mentioned this from time to time. There wasn’t much he didn’t touch on.

        • Grzegorz Kolodziej

          “travellers often remarked on the excellent knowledge of Latin among children in rural areas, who had acquired it in the hedge schools. I think Con Houlihan may have mentioned this from time to time.” – fascinating. It’s something I’d like to know more about.

          On another topic – it’s interesting that some of what practically all websites, newspapers and tourist offices classify as top 10 tourist attractions of Ireland, I wouldn’t count to Ireland’s top 20; and vice versa – what I’d classify as Ireland’s top 10, very rarely appears even on Ireland’s 17 places to visit, etc.
          For example, this doesn’t feature in top 10:


          neither does the Tower of Lloyd (a lighthouse 25 miles from the sea – which sort of gives the essence of Ireland: things like 2 tram lines that don’t connect build on a track that is designed never to connect with rail)

          It’s a pity that unless I am very mistaken, one cannot really legally climb the Skelling Michael because this is surely Ireland’s number one tourist attraction (btw – second largest colony of gannets in the world).

          I wonder what you would put as Ireland’s number one tourist attraction?

          Another interesting thing is that the only tourist trip in Ireland focused solely on monasteries (starting from one day) is organised by a Polish tourist office in Dublin, while the only archaeology-focused tourist tour in Ireland (7 days) is organised by the US tourist office (and you can only book it if you fly from the US).

        • coldblow

          A friend once told me that Con Houlihan had travelled over to West Germany to cover a football match against Ireland, probably in the early 80s, and wrote a very long article without a mention of the game. I’m not sure if he went to the pub instead of the stadium. He wrote once about an article he had written about a Kerry match in Dublin. When he came home to Kerry afterwards he spoke to three neighbours who told him he had got it all wrong in his report. It turned out that two of them had only heard it on the radio while the third hadn’t even done that but had heard what others said.

          The top tourist attractions do nothing for me. I live in Kerry and have never visited the Skellig and I don’t want to either. I wouldn’t mind giving it twenty minutes but the idea of being dumped there for hours plus the return journey and the sea sickness puts me off. I saw the Eiffel Tower once, but only because our host insisted we saw it and drove us there.

          Every winter the Shannon floods the fields on the west bank downriver of Athlone, along (and sometimes across) the road to Cloonown. On a frosty December day it is magical if you go along that road with the fields flooded on either side. I also used to like the countryside around the Hill of Tara in late May. There are a few spots like that, usually tied up with some kind of (the word sounds strange but I can’t think of another) vision or memory. The bay north of Killala where the French landed was atmospheric and I liked the ‘puffing hole’ at Downpatrick Head, just up the road. The obvious places are no good. It isn’t snobbishness, it’s just that something is missing.

          • Grzegorz Kolodziej

            “There are a few spots like that, usually tied up with some kind of (the word sounds strange but I can’t think of another) vision or memory.” – well, that’s the thing – we can lend an enormous “good-feel” factor to places or objects if we have pleasant memories attached to it (which is the reason why foreigners will never understand why anyone would ask anyone to bring her Tayto chips to Australia).

            Although I’ve also found out that it sometimes goes the other way round – even though I truly hated the town I was born in (for being too small), my hard feelings of suffocation and frustration related to the town started to give way to some sort of nostalgia when I moved to Kraków, and then – when at some stage I haven’t been to Poland for 7 years – I’ve actually found it charming having returned for a brief visit (I remember driving from the airport as if I was foreigner – surprised that B-roads are so wide in Poland, and that it is so hot and dry that the coke I spilt on my trousers dried up in 5 minutes).

            On the other hand, London, which I thought that it was the most thrilling place on earth, I know associate mainly as a place full of Muslims and very anonymous, albeit with an excellent public transport and a staggering choice of food.

            Regarding Con Houlihan, most things about him would make up for a good comedy (which certainly wasn’t his intention) – including memories of him, like this chap remembering him who, if you’d close your eyes, you’d swear he is Karl Spain, and his lines form parts of a mockumentary – the Irish response to “The Final Tap” (pay attention to the woman after Mr Kenny who says “he even made maths logical”):


          • Grzegorz Kolodziej

            Vatican employed a communist and a chairman of the atheists’ society to work in their newspaper:


            While in London, the police closed the rented room where a Polish nationalist politician Marian Kowalski was supposed to speak tomorrow (who was, btw, pro-Brexit), acting on anonymous complaints.

            People living in London – you have to do something with that Mayor of London, who suppresses free speech and is hostile to pro-Christian politicians but protects Jihadi mosques preaching hate-speech and encouraging to terrorism, and even promotes Jihadi terrorists in his administration: every time I see Sadiq Khan on BBC, I think to myself: “where is a sniper when we need one?”.

      • Pie Squared

        Thanks for this Grzegorz. Thoroughly Excellent! A Find…

  17. Truthist

    And so, the Irish State must always know its “friend” across the water ;
    And, here is a useful handle on “The Frankfurt School” + “Champagne Socialist” Labour Party ;
    Now, knowing that the Irish State are copying the sinister policies of the British establishment, should we not consider that our political parties & our civil service too is riddled with P-E-D-O-P-H-I-L-E-S too ?

  18. Truthist

    Budget is only a guide to :

    cutting spending

    obtaining income


    Any of elements 1., 2., & 3. of the guide can permissibly be over-stepped

    And, so, how about without further delay proceed to cut wasteful & very destructive spending as revealed by the one-&-only Camilia Paglia [ a Bi-sexual woman herself ] ? ;

  19. corruption is endemic.

    “As the mainstream media continues to obsess over $100,000 worth Facebook ads allegedly purchased by Russian spies in 2016 seeking to throw the presidential election, we’re almost certain they’ll ignore the much larger Russian bombshell dropped today in the form of newly released FBI documents that reveal for the very first time that the Obama administration was well aware of illegal bribery, extortion and money laundering schemes being conducted by the Russians to get a foothold in the atomic energy business in the U.S. before approving a deal that handed them 20% of America’s uranium reserves…and resulted in a windfall of donations to the Clinton Foundation.”


  20. “Silver coin proposal discussed on Mexican TV by Salinas Price”


    “Hugo Salinas Price Interview, October 14, 2017, in Mexican TV Channel ADN40, speaking about his campaign to introduce the Libertad One Silver Ounce into circulation, as a vehicle for savings of the common folk.”

  21. goldbug

    “The commercial future for Ireland is to turn itself into a trading hub”













    => IF SO => WHY?



    Bring Out The Gimp: Everybody Loves Hitler
    By Peter De Boer – October 18, 2017


    Everybody loves Hitler.

    Hitler is a one-size-fits-all kinda guy. He’s always on time, never complains and works for free. The perfect Government stooge.

    Have doubts about free-for-all immigration?
    Annoyed by militant feminism?
    Believe in traditional values?
    Not seduced by Socialism?
    Got no love for Sharia law?

    Why, you must be a Nazi.

    It’s simple.


    Post 1986, house prices in Dublin have increased by a multiple of 12.Multiculturalism means half a million Irish adults live with parents. What a joke. Next crash within two yrs.

  24. The best and only real option for the Master plan is to revoke the odious national debt.
    Then leave the “Odious European Union” and their bureaucratic controls over the peoples.
    Then reclaim the 200 mile continental shelf economic zone and get rid of the predatory EU claims on that zone.
    Then revoke all assumed bankers’ illegal debt that is added to the national debt.
    Then close the central bank.
    Then establish a new sovereign currency issued directly from Treasury.
    Then govern in the interests of the people in the fashion of Iceland which with its small natural resources and fishing grounds is a sovereign and independent nation.


    Then introduce silver coin as legal currency to be subsidiary to the treasury issued national currency.

    With a sovereign currency and a silver coin(s) for cash settled purchases and trade, the Irish would have domestic control of all their own economic affairs. A solid economy, with ethic honest money will lead to an ethical and honest population and to prosperity.

    • Truthist

      Very worthy … on paper.
      But, u are “putting the cart before the horse”.
      We must firstly :
      educate the populace about the whole conspiracies
      educate & train the populace in the necessary knowledge, understanding, & skills, necessary for to enact ur manifesto
      understand ourselves :
      as an individual
      as citizens
      sector[s] of the society
      understand our chief external enemy ;
      The Dreadful Few
      understand our chief internal enemies
      appreciate the fact that the Dreadful Few will punish Iceland severely in time for cheating them of their pound of flesh
      uncover how exactly is it that the Dreadful Few did not exact immediate revenge on Iceland
      reflect how the Dreadful Few will avenge Iceland ;
      This would be very valuable heuristic exercise for us.
      “PLAN” how to withstand the Dreadful Few were we to :
      continue without executing ur plan
      execute ur plan
      For sure, that ==> being able to shut off the country from “outside world” AND thrive in quality of life.

  25. “However, you might not be aware that Central Banks outside of the U.S. continue printing money that is being used to buy stocks and risky bonds. The Bank of Japan now owns more than 75% of that nation’s stock ETFs. The Swiss National Bank holds over $80 billion worth of U.S. stocks, $17 billion of which were purchased in 2017. The European Central Bank, in addition to buying member country sovereign-issued debt is now buying corporate bonds, some of which are non-investment grade.”–

    “This dynamic is the direct result of the money printing and credit creation which has enabled the Fed to keep interest rates near zero. The law economics tells us that increasing the supply of “good” without a corresponding increase in demand for that good results in a falling price. This is why interest rates are near zero. The Fed and the Government have increased the supply of currency via printing and issuing credit. Investors have, in turn, are taking that near-zero cost of currency and credit and throwing it recklessly in all assets, but specifically stocks and homes.”

    “We have the worst revival of an economy since the Great Depression. And believe me: we’re in a bubble right now.” Donald Trump, from a Presidential campaign speech


  26. Claiming credit for the “lowest unemployment rate” will likely come to rebound as the current rate is still 22%. Truth will(eventually) out.


    The US labour participation rate is the lowest in many years.

    Any minister of finance has to have reliable statistics. Based on the US ones here they are nothing but deceit and lies. I suspect this is a widely disseminated problem.

    The first thing to do in any government is to stop lying to the people and return to honest moral practices.

  27. mike flannelly

    “The Fine Gael party wants to be all things to all men ahead of an election, so it won’t risk cutting expenditure. Thus, the minister’s objective looks impossible – unless we get significantly more growth.” DMcW

    Surely it is Pascals duty to make financial decisions based on logic and data rather than politics.

    Elected TD’s have a duty of care to the greater public good.

    Tv3 TONIGHT SHOW 5 jan 2017 ( still on tv3 player) – Dr James Gray and Martina Harkin Kelly told us that Ireland have 10,000 hospital beds less than the oecd average. Ireland has 15000 beds Martina told us.

    We need 60% more beds. Ireland are 40% worse than average.

    Martina tells us in the programme that a man called Dr Walley says our hospitals are operating in a DEATH ZONE having surpassed 92.5% capicity.

    Beds are the no 1 issue. Dr Gray tells us that staff rostering is another issue. Nothing to do with bricks and mortar. The oecd report tells us that Ireland needs 10000 beds but have good nurse/bed ratios and ok doctor/bed ratios for another 4000 beds. We will need 3500 doctors if we get our 10000 beds.

    Our ministers for health have ALL ignored the data and experts that say we need 10000 more beds


    Its a sad state of affairs when our AMBITION is to be 40% less than average while subjecting our elderly and sick to a DEATH ZONE. Our own nana and grandad.

    I have huge respect for nurses and doctors. I have neighbours plus daughters of friends that are nurses and believe me, the nurses I know are better than average.

    The issue is politics.

    Being at least average with 10000 more beds would create better working conditions and less stress. Staff would no longer have to operate in a death zone.

    Yesterday our local FG td said that she was excited about a new hospital action group.

    If only we could replace the 25% of our tds and the 25% of our hse workers that spend their time at action group meetings with hospital beds.

    No point in ignoring data and expert advice to form stonewalling groups.

    • Truthist

      Well, Mike, ur opinion seems to differ now about the quality & attitude & more, about the staff of Irish State’s health system.
      I do not doubt that there are many nurses who have increasingly high qualifications.
      For what they are really worth in reality one should consider the following at least :
      how sincerely good is their attitude for :
      the patients
      the country
      the philosophy of Hippocrates
      And, definitely one has to compare their attitudes to :
      [ NOT money ; Because we are not talking about Gold & Silver ] ?
      Are they “in it more for the money than the vocation” ?
      status ;
      Nurses before were less physically lazy & less “proud” of their qualifications
      Today, nurses are ever so conscious that nursing is officially now considered to be a profession.
      the general dreadful standard of health care dispensed by most of the professionals, nurses & the doctors, to the patients.
      There should be total reform of the health system ;
      Dr. Mercola’s approach — ref. http://www.mercola.com — has much merit.
      And, I say this even though I beg to differ about some of his recommendations.
      And, the famous Physician Harvey emphasised patients avoiding hospitals & doctors’ surgeries as much as possible.
      The narcotic & alcohol culture must be busted of course.

      • mike flannelly

        Hi Truthist,

        Ref – Nurses.

        I was trying to distinguish between the average ability of our nurses and the IM ALL RIGHT JACK PUBLIC SECTOR UNION CULTURE that has a CANT DO, WONT DO attitude to the health care needs of our sick and eldery.

        Our nurses are capable of being at least “average” but are instructed not to be average.

        Martina told us on jan 5 th (TONIGHT SHOW) that we must comply with the oecd report and that nurse/ bed ratios are like teacher / pupil ratios.

        The report tells us that our nurse/bed ratios are double the oecd nurse/ bed ratios but we subject the sick and elderly to a DEATH ZONE.

        Based on the DATA this is a cultural problem. It has nothing to do with the ability of our nurses.

        Like our bankers, the im all right Jack public sector unions will put MONEY ahead of the life balance values for Irish citizens.

        Like our bankers, the im all right Jack public sector unions put MONEY ahead of the mental and physical health of THEIR OWN PEOPLE.

        This is based on data.

        Ministers of health cant ignore data and subject their own to a death zone.

        Our local FG td in Galway is excited about another hospital action group.
        The ELEPHANT IN THE ROOM data tells us we need beds.

        Supply the hospital beds and AVERAGE ABILITY from HSE staff will follow.

        • Truthist

          Thank u Mike for considered reply.

          I was not having a go at u personally.
          Rather, I was having a go at the issue.
          And, I know that to remind any reader stupid enough to think that u heretofore are tough on nurses, or even unjustifiably tough on nurses, ur original post does inform folks that u are well intentioned to nurses as indeed u are to all meant to be wholesome in whatever their station in life.
          And, I trust that we all are very vulnerable to hasty & intellectually lazy abuse for daring to question the culture within the nursing profession — nay, scratch that ; Say “nursing vocation” instead ; Because that is what it should be solely ; a vocation & they no better than any other vocation ; And, should we not consider the same about most of the other so-called professions ; Unless, they truly reform themselves vis-a-vis salaries & fees & practises & attitudes & competence & accountability inter alia — today.
          Of course the bulk of those who would let rip against such a whistleblower are self-serving rogues ;
          No less also because they hope to get intimate with attractive nurses.

          I perceive that ur reply to me serves ur original post very well.


          Pat, u should collect all ur articles thus far5 & compose then an A5 size book of say 100 pages explaining :
          the various pasts
          the present
          the future if no proper reforms
          ur proposals for reform
          the future if ur proposals for reform are followed through
          Perhaps left-hand-side of book reserved for various statistics.
          And, it written international target audience
          Hard copy

          • mike flannelly

            Hi Truthist,
            As with all contributers on this forum, my main wish is for logical solutions for housing failures, bankERS failures/ abuse and health care system failures.
            Basically solutions are more important than witch hunts.

            My peers are responsible for the abuse of resources for themselves/ourselves. We gain, at a cost for the next generation.

            Consumer laws enforcement , contract laws enforcement and our resource costs in line with Spain, France, Portugal, Uk and NI is a very easy target to set for ourselves.

            In my view Brexit and Trump were a rejection of politics.

            Politics(banks,health care, housing) and spin are not serving the greater public good.

            “Social media is killing spin.”

            The only solution for the insiders is censorship.

          • Truthist

            Some points in ur most recent reply are fleetingly dealt with by me below :

            “Witch Hunts”

            Of course, anything which is in excess — too little or too much — is a wrong.
            And, how to measure some elements ?
            elements of quality ?
            “Beauty is in the eye of the beholder.”

            Nonetheless ;
            “Right is Right,
            And, Wrong is Wrong.”

            DMW recently posited it is very wrong to gain bulk of taxes from the common purchases paid for by the bulk of the populace
            Instead, DMW urges that the bulk of the Govt. revenue should be gained from property taxes [ And, some other personalized taxes I assume ]
            There are already property taxes.
            And, for some categories there always have been
            Heck, there has always been Stamp Duty to be paid by buyer [ & / or seller ? ] for any estate purchases.
            And, landlords must now pay annual charges based on each residential tenancy ;
            This has been judged as not double-taxation ;
            Thus, cannot be claimed as expenses so as to lower overall tax burden upon landlord.
            Of course, most landlords will increase the rent so as to compensate for that.
            DMW argues that this is a way to recover part of proceeds [ of crime ? ] from the rich.
            I posit that is a wrong response.
            It would be unfair on those of the rich who did not exploit :
            the nation
            foreigners [ at home or abroad ]
            I then posit that we should instead “target” [ much bandied word by Politicos of various Govt. Cabinets, various Govt. Parties, most TDs, most Senators, Secretary Generals of Dept. of Social Welfare ( I purposely reject referring to their latest "musical chairs" name ), Consultants, IBEC, Academics-in-the-Loop inter alia ] the culprits by using the law [ incl. new laws to operate retrospectively if necessary ] so as to recover from them excessive funds [ salaries, commissions, grants, inter alia ] regardless if they performed role to satisfaction of Irish State somehow.
            “We have conducted a deep audit stretching from “today” until “70 years ago” which includes ur reaping of funds from the taxpayers.
            We conclude that u received too much.
            Thus, we are recovering that excess amount but it valued in today’s worth.
            Where we find that a criminal case is truly merited against citizen or foreigner & companies & any companies who since owned respective companies, we will criminally prosecute.
            That would not be a witch hunt.
            It would be “draining the swamp”
            I for it on principle.
            But, I believe that the British Establishment will ruin it because :
            some of them are really against Brexit
            some of them are incompetent & / or corrupt
            I am for much of Trump’s manifesto.
            But, I am very against some of his manifesto.
            The real reason for display of hostility against Trump by the Self-Chosenites & their useful Idiots is that they hate the particular sector of his electorate who are decent + waking up to the truth.
            The Self-Chosenites do not really hate Trump.
            And, never forget that Trump is “all stacked up” with the administrators of his team.
            Just like Obama.
            Just like Baby Bad-Bush.
            Just like Clinton.
            Just like Daddy Bad-Bush.
            Just like Reagan.
            Just like Carter ; But, Carter now finally awoken
            Just like Ford
            Just like Nixon
            Just like Johnson

        • Truthist

          Of course, u make brilliant points in ur 2 posts above,
          Supply the hospital beds and AVERAGE ABILITY from HSE staff will follow.
          IT’S A BEAUTY 8-)
          Politics(banks,health care, housing) and spin are not serving the greater public good.

          “Social media is killing spin.”

          The only solution for the insiders is censorship.

  28. The state of affairs in a progressive state.

    A fifth-generation Californian laments his state’s ongoing economic collapse.

    A primer on what NOT to put in the budget.


    • Truthist

      Wishing to avoid accusations of sexism, I offer the following as sorely testing any Health Plan part of the overall Plan ;
      What to do ?
      What not to do ?
      After all, each is the daughter of a man + woman ;
      We are our brother’s keeper

      • Truthist

        “Wishing to avoid accusations of sexism” ;
        Thus, I gave the less hackneyed DNA pairing.
        The hackneyed DNA pairing being the XY chromosome persons — males — of particular orientation, or situation,
        equivalent to above XX chromosome persons — females — of particular orientation, or situation, as explained in above link.

  29. Pie Squared

    100% David…

  30. michaelcoughlan

    Show ambition is the title of the piece. The people who print money have ambition alright;

    Hi David,

    I was thinking of another question in this case a true or false type one for your next economics paper in trinity;


    The price of the S&P 500 doubled between June 2010 and June 2016 give or take a few point. US economic output hasn’t double in that period of time not even close. It was twice as expensive price wise to by a share in an ETF based on the S&P 500 in June 2016 than it was June 2010 for the same level of assets in this case your 1 share in an S&P 500 based ETF.

    Does the hyperinflation taking place in the stock markets from all the carry trades and money printing going on around the world mean that the value of the 100 dollar bill in your pocket is now only half i.e. 50% of its value in June 2010 even though the price of that bill i.e. 100 dollars remains the same at 100 dollars as measured by the S&P 500?

    Answer true or false.

    (Answer true for marking purposes)


    When is the dialogue on hyperinflation going to start Dathi?

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