So today Ireland gives away another €2.5 billion to the creditors of our failed banks.
But I shouldn’t say “give away”, as if it wasn’t earned. This money is a reward! It’s what we give to investors for making decisions that destroyed our economy. They bet that a property market can keep rising until every building is worth an infinite amount of money. The banks they invested in, quite naturally, went bust. We own these banks now, and we’ll all be working extra-hard for the rest of our lives to pay for those decisions. Though on the bright side we will be able to afford less health care, so our lives will be shorter.
All just to make sure that no matter how mindlessly, droolingly, shit-flingingly stupid the decisions they make, the richest people stay that way.
Let’s face it, we’re slaves.
- Bondwatch (bondwatchireland.blogspot.com)
- Stimulating The Housing Market Is Economic Madness (i.doubt.it)