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Messages - seafoid

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1
General discussion / Re: The Many Faces of US Politics...
« on: Today at 04:56:17 AM »
Correct in your last sentence Seaf as huge numbers of ordinary people got to have unbelievably decent lifestyles.
Thatcherism/Reaganism marked the end of that and since then vast quantities of wealth have been transferred to an ever decreasing band of super super rich.
Time for another "New Deal"

What part of 1945-79 was better than 2017 for the average man, woman or child in Ireland? If I’d been born then I’d have had to emigrate from Ireland to work like my father.
You could buy a house on one salary.
People got payrises.
Banks didn't collapse
There were no economic crashes
Debt related suicides were unheard of
Society was more creative because the money was spread around

The economy was in deeper shìt then with huge immigration and the welfare supports you complain about were no where near as strong as they are now.

Far too many people fall into this trap of believing life was better in the olden days. It wasn’t.
You are confusing 2 things Syf.
The system by which money was distributed was far batter because it was focused on general well-being.
But there were no iPhones.

Wait s few years and people realise their pensions won't be paid. Neoliberalism sucks
We were behind the loop as usual - 19 60s and 19 70's were our "New Deal" years.
FF fcuks it up with their 1997 Budget of neo Liberal tax cuts and Socialist major increase in Public Spending.
As a eesult we had our new depression in the 80's as the Thatcher Reagan neo Liberalism had its initial boost.
We went down the neo Liberal route from 1997 and blew up on the double -property and banks 2008.
1930s/40s/50s/60s we could provide public housing for our people.
Now we sit back and hope the private sector will solve the housing crisis despite building houses no one can afford or charging rents no one can afford.
19 50s a State Company provided rural electrification -now we sit wringing our hands because the totally privatised communications world won't provide rural broadband.

The costs involved with fiber optic networks in rural areas are astronomical. We’re already far ahead of countries like the US in terms of 4G coverage and broadband pricing so I wouldn’t be as quick to buy into the high speed internet hand-wringing as some are. We’re in a pretty good place all things considered when you look at the position we were in half a decade ago. And Christ if our mixture of FF and FG-Lab governments don’t look a damn sight better than what the US or UK have inflicted on themselves..
Ireland is not in a good place Syf. State debt is €200 bn. Looks ok cos interest rates are on the floor. If rates went to 7% servicing the debt would cost €14 bn a year and you would have another house price crash.
The Eurozone doesn't have a fire brigade so if there is another crash the value of pension assets will collapse. The system is designed to be unstable.

2
General discussion / Re: The Many Faces of US Politics...
« on: December 15, 2017, 08:52:17 PM »
The Central Bank was supposed to take the hit.

The US Treasury Department bailed out the banks in 2008. Does that mean the Fed is not a proper lender of last resort? Is the Fed not a proper central bank?
The Fed is, Eamonn. The ECB is not

Why?
Because the Germans and the Dutch were worried about moral hazard, bailing out Italian and Spanish banks.

3
General discussion / Re: The Many Faces of US Politics...
« on: December 15, 2017, 08:20:26 PM »
Correct in your last sentence Seaf as huge numbers of ordinary people got to have unbelievably decent lifestyles.
Thatcherism/Reaganism marked the end of that and since then vast quantities of wealth have been transferred to an ever decreasing band of super super rich.
Time for another "New Deal"

What part of 1945-79 was better than 2017 for the average man, woman or child in Ireland? If I’d been born then I’d have had to emigrate from Ireland to work like my father.
You could buy a house on one salary.
People got payrises.
Banks didn't collapse
There were no economic crashes
Debt related suicides were unheard of
Society was more creative because the money was spread around

The economy was in deeper shìt then with huge immigration and the welfare supports you complain about were no where near as strong as they are now.

Far too many people fall into this trap of believing life was better in the olden days. It wasn’t.
You are confusing 2 things Syf.
The system by which money was distributed was far batter because it was focused on general well-being.
But there were no iPhones.

Wait s few years and people realise their pensions won't be paid. Neoliberalism sucks

4
General discussion / Re: The Many Faces of US Politics...
« on: December 15, 2017, 08:04:28 PM »
Correct in your last sentence Seaf as huge numbers of ordinary people got to have unbelievably decent lifestyles.
Thatcherism/Reaganism marked the end of that and since then vast quantities of wealth have been transferred to an ever decreasing band of super super rich.
Time for another "New Deal"

What part of 1945-79 was better than 2017 for the average man, woman or child in Ireland? If I’d been born then I’d have had to emigrate from Ireland to work like my father.
You could buy a house on one salary.
People got payrises.
Banks didn't collapse
There were no economic crashes
Debt related suicides were unheard of
Society was more creative because the money was spread around

5
General discussion / Re: The Many Faces of US Politics...
« on: December 15, 2017, 08:02:13 PM »
The Central Bank was supposed to take the hit.

The US Treasury Department bailed out the banks in 2008. Does that mean the Fed is not a proper lender of last resort? Is the Fed not a proper central bank?
The Fed is, Eamonn. The ECB is not

7
General discussion / Re: The Many Faces of US Politics...
« on: December 15, 2017, 07:06:42 PM »
Correct in your last sentence Seaf as huge numbers of ordinary people got to have unbelievably decent lifestyles.
Thatcherism/Reaganism marked the end of that and since then vast quantities of wealth have been transferred to an ever decreasing band of super super rich.
Time for another "New Deal"
Castlerea had its own department store well into the 70s. . Now everything is in Galway and Athlone

8
General discussion / Re: The Many Faces of US Politics...
« on: December 15, 2017, 06:30:48 PM »
Seafoud tried to rebuke me and then immediately linked to a publication whose entire exsistence is centered around attacking capitalism and literally supports marxism. You may as well kick the ball in your own net and be done with the discussion.
Syf, the economic system is very close to collapse. The Eurozone does not have a lender of last resort. Do you understand what that means ? 

a fella who used to play for Mayo called Ludwig Von Mises said that all debt expansion systems end in mass bankruptcies. WW2 was the result of the last one.


is the ECB not a lender of last resort?
You support plutocracy. God only knows why. What did plutocracy ever do for Roscommon?
The ECB would have bailed out Anglo and AIB in 2010 if it had been a lender of last resort.

When the banks blow up again the people will have to pony up again.

Where do you think the bailout money came from, Seafoid? Because it definitely wasn’t the billions we didn’t have laying around.
It was added onto the debt

So your idea of a lender is not a lender at all. Gotcha.
It is not a monetary union. The ECB is not a proper central bank.

Seafoid, just because you support socialism it doesn’t mean being asked to pay for your debts is even noteworthy. Communism failed, repeatedly. Capitalism is much, much more successful at supporting both people and societies. Just because it’s not perfect it doesn’t mean you’re enlightened or even entitled to sneer at it.
Syf

The debts were run up by the banks. Not by the people of Roscommon. The Central Bank was supposed to take the hit.

I am not a "socialist". I understand how the system works. It sucks.
I want a system that works for ordinary people. There was one between 1945 and 1979.

9
General discussion / Re: The Many Faces of US Politics...
« on: December 15, 2017, 04:39:15 PM »
Seafoud tried to rebuke me and then immediately linked to a publication whose entire exsistence is centered around attacking capitalism and literally supports marxism. You may as well kick the ball in your own net and be done with the discussion.
Syf, the economic system is very close to collapse. The Eurozone does not have a lender of last resort. Do you understand what that means ? 

a fella who used to play for Mayo called Ludwig Von Mises said that all debt expansion systems end in mass bankruptcies. WW2 was the result of the last one.


is the ECB not a lender of last resort?
You support plutocracy. God only knows why. What did plutocracy ever do for Roscommon?
The ECB would have bailed out Anglo and AIB in 2010 if it had been a lender of last resort.

When the banks blow up again the people will have to pony up again.

Where do you think the bailout money came from, Seafoid? Because it definitely wasn’t the billions we didn’t have laying around.
It was added onto the debt

So your idea of a lender is not a lender at all. Gotcha.
It is not a monetary union. The ECB is not a proper central bank.

10
General discussion / Re: The Many Faces of US Politics...
« on: December 15, 2017, 02:46:36 PM »
Seafoud tried to rebuke me and then immediately linked to a publication whose entire exsistence is centered around attacking capitalism and literally supports marxism. You may as well kick the ball in your own net and be done with the discussion.
Syf, the economic system is very close to collapse. The Eurozone does not have a lender of last resort. Do you understand what that means ? 

a fella who used to play for Mayo called Ludwig Von Mises said that all debt expansion systems end in mass bankruptcies. WW2 was the result of the last one.


is the ECB not a lender of last resort?
You support plutocracy. God only knows why. What did plutocracy ever do for Roscommon?
The ECB would have bailed out Anglo and AIB in 2010 if it had been a lender of last resort.

When the banks blow up again the people will have to pony up again.

Where do you think the bailout money came from, Seafoid? Because it definitely wasn’t the billions we didn’t have laying around.
It was added onto the debt

11
General discussion / Re: The Many Faces of US Politics...
« on: December 15, 2017, 01:05:52 PM »
Seafoud tried to rebuke me and then immediately linked to a publication whose entire exsistence is centered around attacking capitalism and literally supports marxism. You may as well kick the ball in your own net and be done with the discussion.
Syf, the economic system is very close to collapse. The Eurozone does not have a lender of last resort. Do you understand what that means ? 

a fella who used to play for Mayo called Ludwig Von Mises said that all debt expansion systems end in mass bankruptcies. WW2 was the result of the last one.


is the ECB not a lender of last resort?
You support plutocracy. God only knows why. What did plutocracy ever do for Roscommon?
The ECB would have bailed out Anglo and AIB in 2010 if it had been a lender of last resort.

When the banks blow up again the people will have to pony up again.

12
General discussion / Re: The Many Faces of US Politics...
« on: December 15, 2017, 12:23:26 PM »
Seafoud tried to rebuke me and then immediately linked to a publication whose entire exsistence is centered around attacking capitalism and literally supports marxism. You may as well kick the ball in your own net and be done with the discussion.
Syf, the economic system is very close to collapse. The Eurozone does not have a lender of last resort. Do you understand what that means ? 

a fella who used to play for Mayo called Ludwig Von Mises said that all debt expansion systems end in mass bankruptcies. WW2 was the result of the last one.

You support plutocracy. God only knows why. What did plutocracy ever do for Roscommon?


15
General discussion / Re: The Stardust Fire
« on: December 15, 2017, 09:43:21 AM »
https://www.irishtimes.com/opinion/priory-hall-debacle-shows-need-for-decisive-action-1.631370

Following the 1981 Stardust disaster, the 1991 Building Control Act which introduced the Building Regulations was hailed as a significant piece of reforming legislation. But while the new regulations reflected international best practice, there was a flaw: they did not provide adequately for enforcement.
The 1991 Act gave the Minister power to introduce regulations for a series of measures relating to enforcement, but these have still not been introduced 20 years later. Two factors have contributed: (1) the determination of the Department of the Environment not to permit State officials to take responsibility, and potential future liability, for building enforcement inspections, and: (2) the unwillingness of the building industry to have statutory inspections imposed, on “efficiency” grounds.

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