It's the Bankers or Us. Ireland's future depends on breaking free from bailout - The Irish Times - Sat, May 07. OPINION:Ireland is heading for bankruptcy, which would be catastrophic for a country that trades on its reputation as a safe place to do business, writes MORGAN KELLY WITH THE Irish Government on track to owe a quarter of a trillion euro by 2014, a prolonged and chaotic national bankruptcy is becoming inevitable.
By the time the dust settles, Ireland’s last remaining asset, its reputation as a safe place from which to conduct business, will have been destroyed. Ireland is facing economic ruin. While most people would trace our ruin to to the bank guarantee of September 2008, the real error was in sticking with the guarantee long after it had become clear that the bank losses were insupportable. Brian Lenihan’s original decision to guarantee most of the bonds of Irish banks was a mistake, but a mistake so obvious and so ridiculous that it could easily have been reversed.
Honohan’s miscalculation of the bank losses has turned out to be the costliest mistake ever made by an Irish person.
Grimsson on Iceland's Economy - Video. Iceland Again Rejects Debt Deal. Reporter Who Sued The Federal Reserve (Mark Pittman) Dead From A "Heart Attack" At Age 52. Iceland Declares Independence from International Banks By Bill Wilson – Iceland is free.
And it will remain so, so long as her people wish to remain autonomous of the foreign domination of her would-be masters — in this case, international bankers. On April 9, the fiercely independent people of the island-nation defeated a referendum that would have bailed out the UK and the Netherlands who had covered the deposits of British and Dutch investors who had lost funds in Icesave bank in 2008. At the time of the bank’s failure, Iceland refused to cover the losses. But the UK and Netherlands nonetheless have demanded that Iceland repay them for the “loan” as a condition for admission into the European Union. In response, the Icelandic people have told Europe to go pound sand. A similar referendum in 2009 on the issue, although with harsher terms, found 93.2 percent of the Icelandic electorate rejecting a proposal to guarantee the deposits of foreign investors who had funds in the Icelandic bank.
Utah House stamps gold, silver as legal tender. This is an archived article that was published on sltrib.com in 2011, and information in the article may be outdated.
It is provided only for personal research purposes and may not be reprinted. It may not fold as conveniently as dollar bills, but the Utah House took a first step Friday to recognize gold and silver as legal tender. It voted 47-26 to pass HB317 by Rep. Brad Galvez, R-West Haven, and sent it to the Senate. The measure would recognize as legal tender gold and silver coins issued by the federal government — not just their face value, but also their value in gold and silver or to a collector. It also would order the state to study whether Utah should establish an alternative form of legal tender, such as one backed by silver and gold. "This is a step in preparedness, a step in security," Galvez said, "that allows us to be able to help hold up our economy as the dollar continues to shrink. " Rep. The bill would not require anyone to accept gold and silver coins as legal tender.