Mapping the Golden Circle of the Irish Banking, Business and Political Elite

Mapping the cosy Golden Circle of the corrupt
Irish Banking, Business and Political Elite
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Download the PDF of this excellent report into how the Golden Circle of Banking, Business and Political elite managed to line their own pockets in the course of causing our current financial crisis
http://tinyurl.com/IRELAND-Golden-Circle (PDF - no login required to download)
http://www.scribd.com/doc/31309991/MtGC-ISSU# - (PDF but Requires Login)
http://www.tascnet.ie/

MtGC ISSU

A look at the Bondholders of Anglo shows that Goldman Sachs and Rothschilds are listed as creditors. Both Goldman Sachs and Rothschilds have been acting as 'advisors' to the Irish Gov't
during this crisis. - If that's not a criminal conspiracy then what is?

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Rothschild Bank AND Goldman Sachs Are Both On The LIST Of Bondholdeers getting U.S. Taxpayer Billions In Irish Bailout

"Of the 80 listed companies only 7 listed pensions and being a cooperative savings institution. Of those only 4 listed churches and unions as their clients, the others could well have been big pension funds. The churches and unions in question were in Germany not Ireland. Those seven companies are amongst the smallest of Anglo Irish's bond holders. I only have figures for four of the seven. The largest, Union Investments of Germany, has a mere €165 billion in assets under management.

The total assets under management which I was able to compile from publicly available figures is €20,871,150,000,000. That is an underestimate because the bond holders who turn out to be Private and Swiss banks don't publish any figures. So Anglo Irish's 'bond holders' hold and invest MORE than 20.8 trillion euros. Guido lists those bond holders as holding between them 4 Billion euros in Anglo Irish bonds.

Now, in my opinion both figures are likely to be wrong. Certainly my figure is a large underestimate. But taking them at face value Anglo Irish would account for one 5000th of the total assets being managed by all the bond holders. So would even a total default by Anglo Irish cause that much, let alone systemic, pain and risk? Why are the 'Bond holders' and the Irish government so concerned that the Irish people be forced to take the loss and pay the debts for them?

Now lets look at the other side of the equation, at Ireland itself. Well Ireland's GDP before the crash, in 2008, was ... drum roll please... €207 billion. Or 0.207 trillion.

SO.... on one side we have Ireland whose bond holders, its people, have between them a total GDP wealth of 0.207 trillion euros. Who are being FORCED, against their will, to pay Anglo Irish bank's debts to its bond holders, who between them hold 20.8 Trillion euros. The people of Ireland are paying to, and protecting the wealth and power of, people who have 100 times more wealth!

So where do these wealthy bond holders live and work?

Germany has the most with 15 of the bond holders. Who between them hold 5.3 trillion euros.
France is next with 10 bond holders. Who have about 4 trillion to keep them warm.
Britain is third with 9 who have around 3 trillion.
The Swiss have 6 but who have about 8.5 trillion.
America has only three and hold only a trillion.

Other nations include, Spain, Belgium, Portugal, Holland Finland, Norway, Sweden, Poland, South Africa and Italy.

All these figures are very rough. The figure for Switzerland is certainly under because Private Swiss banks just don't publish figures. What we can say for sure, figures or no figures, is these are not banks investing widow's pensions or orphan's pennies.

So who are they? Well many of the bond holders are privately held banks, which list their activities as asset management for off-shore, non-resident and high value individuals. To give you an example, one of the private banks is EFG Bank of Luxembourg. EFG stands for European Financial Group which is the third largest private bank group in Switzerland. It manages over €7.5 trillion in assets. It is 'mostly', 40%, owned by Mr Spiro Latsis, son of a Greek shipping magnate. He also owns 30% of Hellenic Petroleum. His personal fortune is estimated to be about $9 Billion."

The cost of Rent/Mortgages helped kill the Irish economy

The cost of housing here was the biggest reason for the large wage bills - According to the OECD. ( http://tinyurl.com/36q5e49) - I have lived in Germany and the UK - in Germany the cost of living is much less than here, in large part due to rent-control and proper tenants rights. the main reason for the high cost of living here was the cosy property speculating cartel, who financed Fianna Fáil - a big merry-go-round, with the money going in in the tent at the Galway races in order to come out again at the other end in tax-breaks for both developer and speculators, including the average-joe who bought a second house thinking they could sit on their arses while the tenants paid the mortgage. These same greedy tosspots were the arseholes that voted Fianna Fáil back in again last time.

The Next IMF-proposed 'solution'?

Fianna Fáil represents the Bankers and the property developing classes etc - they were the ones corrupting the political process. Fianna Fáil are scum - I'll grant that - but they're a servant of even bigger scum - scum you never get to hear about because they manage to keep their names out of the papers and use the likes of Harney, Bertie, McDowell (remember him?) Cowen and Lenihan to do their dirty work.

The Irish people are soon going to find out the hard way that we don't live in a democracy - we live in something that calls itself a democracy but what sort of democracy is it when no matter who you vote for it always ends up the same - there's enough evidence of that right now - every Major political party in this country is lining up to pass that economy-destroying budget. The treacherous Green Party are trying to pull a fast one by pretending they are doing the country some good by 'demanding' an election - a useless election AFTER everyone of the political scumbags votes to pass that budget. That way the new Gov't gets to pretend it gives a damn but it's hands are tied - they will turn around at every opportunity and say 'Not our fault - It wasn't our budget'

Coming soon - maybe to you or someone you know -
courtesy of the
Irish Political Banking, business and Political Elite

Memo to Ireland- "Tell the EU and the IMF to shove it"

So let's look at Ireland and the so called "bail-out" of the country. Which is NOT a bail-out of the nation. It is just another bank bailout.

large excerpt-

This is a black day for Ireland. The Irish people will now face a decade or more of grinding poverty and depression thanks to their venal leaders. As soon as the ink dries on the IMF loans, the second occupation of Ireland will begin, only this time there won't be armored cars and Paramilitaries in fatigues, but nerdy-looking bureaucrats trained in the art of spreading misery. In fact, the loans haven't even been signed yet, and already IMF officials are urging the government to cut jobless benefits and the minimum wage. They're literally champing at the bit. They just can't wait to get their hands on the budget and start slashing away.

And don't believe the hype about European unity or saving Ireland. My ass. This is about bailing out the banks. The bondholders get a free ride while workers get kicked to the curb. Here's a clip from the Financial Times that spells it out in black and white:

"According to data compiled by the Bank of International Settlements, the three largest creditors to the Irish economy at the end of June...were Germany to the tune of €109bn, the UK at €100bn and France at €40bn. These sums amount to 2 per cent of France’s gross domestic product, 4.5 per cent of Germany’s GDP, and 7 per cent of British GDP."

It's useless to pretend we live in a democracy when the people are so easily fooled by the media into turning their rage onto low-paid civil servants such as Teachers and Nurses. This time last year there was a witch-hunt organised by the Political and Banking classes against the low-paid civil-servants, in order to distract the foolish electorate from the Criminal Bailout of the banks and the rampant criminality of the Banking-Property Speculating classes in general. The media all marched in Lock-step behind them writing crap about how teachers and nurses are what's causing the ruin - pure nonsense - and the majority of the idiotic Irish Electorate allowed themselves to be fooled AGAIN - how many times is that now?

The current agenda to drive down the minimum wage is more evidence of this rush to keep the citizens subjugated because I for one will never be convinced that the min wage of €8.65 per hour threatened our balance of payments. But by reducing peoples ability to save means it will increase their need to borrow to make up for the shortfall in the standard of living. I can assure you if you are unfortunate enough to have to live on the now 7.65/hr, it could mean the difference between going hungry or not before the next pay check. - and once again the Financial/Banking and Property Speculating classes are using this as a distraction from the real problem - the mountain of their debt which they have ordered their Political servants (Theirs NOT ours) to pile onto our shoulders.

The Web of European Debt

Taking your eye off the ball at a time like this is fatal - do not allow yourselves to be distracted by Media-Generated witch-hunts. The Media are the mouthpieces of the Banking and Political classes - all they ever do is repeat the message... the are told to disseminate - they keep a few guys like Fintan O'Tooles and Gene Kerrigan around to give the apppearence of objectivity and even-handedness but if you go back and look at how they have reported events over the past 2 years you can see that all they were doing was repeating Gov't Spin.

Yes there are problems with high-paid civil-servants, I'm not denying it - but it's feckin small potaotes compared to the REAL issues - deal with the major problems first THEN move onto the minor ones - remember - TROUSERS First - THEN shoes!

Keep your eye on the Billions-
Don't be distracted by Media-witch-Hunts
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There's plenty of proof that both Goldman Sachs (which some say are a front for Rothschilds) and Rothschilds themselves, are involved in a criminal conspiracy with the Irish Political and Banking classes (who caused this mess in the first place)
See:

1. Anglo Bondholders Advising Government on Dealings with Anglo Bondholders
2. Goldman Sachs Involved In Anglo Irish Bank Bailout Shenanigans
3. Rothschilds controlling NAMA?
4. Ghosts in the Irish Financial Machine - NAMA: deliberate entrapment into eternal Debt-slavery


5. Anglo Irish bank Bondholders - Goldman Sachs and Rothschilds

Anglo Irish bank Bondholders - Goldman Sachs and Rothschilds

http://img214.imageshack.us/img214/5097/aibondholders3.jpg

A look at the Bondholders of Anglo shows that Goldman Sachs and Rothschilds are listed as creditors. Both Goldman Sachs and Rothschilds have been acting as 'advisors' to the Irish Gov't
during this crisis. - If that's not a criminal conspiracy then what is?

Don't just take my word for it - there's plenty of proof that both Goldman Sachs (which some say are a front for Rothschilds) and Rothschilds themselves, are involved in a criminal conspiracy with the Irish Political and Banking classes (who caused this mess in the first palce) See:
Anglo Bondholders Advising Government on Dealings with Anglo Bondholders
& Goldman Sachs Involved In Anglo Irish Bank Bailout Shenanigans
& Rothschilds controlling NAMA?
& Ghosts in the Irish Financial Machine - NAMA: deliberate entrapment into eternal Debt-slavery

The 2 Brians - Brian Cowan and the excerable Brian Lenihan - are not merely 'idiots making mistakes' - if they were then, simply by the law of averages, some of those mistakes, or even just ONE of those mistakes, would put some money back into our pockets. NONE of their decisions recently have done this. So it is rational to conclude that they are not making mistakes. From that one can deduce that they were never working in our favour, but are in fact working for International Financial crooks

and remember - an election after the economy-killing budget, which will pass with the collusion of ALL major Irish Political parties, allows the craven weasels which are the Fine Gael party to say "don't look at us, it wasn't our budget!"

So far I have not heard anything about laying a little more of the burden onto the richer members of this so-called society of ours. Why is that I wonder?

Every time the 2 Brians have had to make a decision over the last while, they have CONSISTENTLY made the absolute WORST decision (for the Irish people) - each and every time, without exception.

The only rational answer as to why the 2 Brians are acting as they are is that they are seeking to secure their own future prosperity by ensuring, after they are kicked out on their arses, that they will be offered some lucrative Directorships/Consultancies arranged through the grateful bankers.

Peter Schiff : The Irish Should Default On Their Debt, Not Become Slaves To Bankers

The OECD released a report a few years ago showing that the main driver of costs and wages was the cost for the average worker of servicing a mortgage

In my opinion this was due to the rampant speculation – too many people buying houses to rent out, expecting to pay the mortgage from squeezing tenants

Proper security of tenure (not the farce we have now where all the Landlord has to do is claim he/she needs it for a one of their offspring and they can evict any tenant) and proper rent control would have quietened the property market just when it needed it. Instead what we got was more and more tax-breaks for speculators

Mary Harney kept claiming that ‘We are closer to Boston than Berlin’ – well Mary I got news for you – Boston had Rent Control and Berlin still has it- so why couldn’t we have had it when we needed it?

Rent control in Boston began in 1968, when exceptional pressures on the rental housing market prompted the city to enact laws that controlled rents and protected tenants from arbitrary evictions and excessive rent increases. (Massachusetts state law gives tenants some basic rights, but does little else to protect them.)

In 1975 Boston began vacancy decontrol, but the important protections against arbitrary evictions and rent increases were later restored. By 1994 only 20,000 units were left with fully controlled rents. Three times that number, 60,000 units, had become vacancy decontrolled, where the landlord could charge any rent to new tenants, but they retained basic tenant protections once they moved in.

Of course the speculators continued to attack tenancy laws and eventually Boston ended up with spiraling rents and a property boom which also eventually collapsed, just like ours – Berlin on the other hand has no such problems

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Some Irish netizens have suggested that the politicians are playing along with the IMF and ECB to get them into the “kill zone” of default territory. "Remember", they say, "if a soldier is an honest man sent out to die for his country then a good politician is an honest man sent out to lie for his country."

They have suggested that perhaps the game is being played by the politicians in full knowledge that they will spring the bank bondholder default trap once the state has a line of credit in place to allow us to reduce the structural deficit in our current account to near zero.

This is nothing but nonsensical wishful thinking

Self delusion is a dangerous thing – especially at times like these –

The 2 Brians - Brian Cowan and the excerable Brian Lenihan - are not some geniuses in disguise, tricking and lying to the bankers, in the service of their country

They are traitorous craven criminals, lying to their country, in the service of the bankers

A map showing why Peter Sutherland is a Cunt

I already said - a long time ago - that the Head of Goldman Sachs European operations, Peter Sutherland, is a c**t

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One more thing this agenda to drive down the minimum wage is more evidence of this rush to keep the citizens subjugated because I for one will never be convinced that the min wage of €8.65 per hour threatened our balance of payments. But by reducing peoples ability to save means it will increase their need to borrow to make up for the shortfall in the standard of liveing. I can assure you if you are misfortunate enough to have to live on the now 7.65/hr it could mean the difference between going hungry or not before the next pay check.

At last . . . Why Peter Sutherland is a c**t!

A map showing why Peter Sutherland is a Cunt

Google ist kaputt, as far as I am concerned. Too many Ads and too many ways to 'game' it.


But now there is a web app that can map connections.
It states on it's homepage:

Map relationships among people and organizations:

and that's good enough for me

Muckety

Flash version 9.0 and higher required.