The moan and groan society
Opus: Moan moan moan blame blame blame. What does it say? Maybe you are born with little motivation or incentive or for that matter a sense of hope. Give me a little Pollyanna please.
Ireland is in crisis – some say the worst crisis since the foundation of the State. The EU-IMF are really angry with us and we are being punished for a recklessness so much so that we must pay the price dearly for our great Celtic Tiger extravagances. The fact is we are bankrupt as a nation state and we cannot meet these debts (and let us say/euros100 bn). What are we the people of the Island of Ireland going to do about this? After all you can rest assured that those who made the millions are gone into exile and provided they invested wisely, which they no doubt did, they have the choice not to return and this applies to their families also.
Wipe the slate clean i.e. apart from the 100 bn euros debt.
Have we any family silver left?
We have our agricultural land which is ours … we have our forestry provided it is not sold off as part of State assets. We have our seas but let us recall that EU has covered the option up to our shores. Have we gold? Some prospectors say yes. Have we silver and while we are talking about it what else have we got? We need a little World War 2 hindsight to ferret out resources that we have. We have infra-structure and yes we have the Luas. While we are at it we must say thank you to the EU for all the NDP funds over the last number of decades since we joined the EU in 1973.
This site started about a Berlin Conference and tourism. Jerry Blake – you jump on the band wagon about nepotism. Tough sh.t. Action, Performance, Creativity, Connectivity, Interaction is the CV that creates the action. Now is a time for action. Are you saying that because someone has a connection with somebody on a state board and knows the person is capable of doing the job that because of the connection that person should be overlooked. Well I say Grow Up. Move with the Times.
Tourism can become our bread and butter, as can agriculture become our source of food and drink (alcohol and otherwise) potential. Baileys at one time brought massive funds to Guinness nearly one tenth of its world profit – why can we not regain this footing? Instead we see Bailey’s slashed in price. Marketing where are you? We need you? This is about reviving some potential within Ireland Inc. Where is that Bailey’s and Ice cocktail?
Stress Test and the banks. People are not stupid … we only have to search into our hearts to dig up case histories of what recession/depressions can do to people, to families and societies. Negative Equity has always existed. Take the UK 1988 when you bought an apartment for £90,000 and within 6 months it was worth £140,000 – what a feel good factor? Then out of the blue interest rates start rising, not once a year but every few weeks and all of sudden your repayments are no longer 700 per months but are 1200 per month. Back then you had trackers also, and endowment insurance type. Outcome; then for lots of people is the same as now. One job is lost, then a second job is lost and all of a sudden you are adding an extra £1200 and increasing to your capital loan amount and yes you have personal crisis, if not disaster. There is a financial cost and a massive social cost. We know this has happened. We know people who have told their story time and time again and we have not listened. Now we need to listen and find some alternatives.
Tourism must work. We may be wrecked due to the Celtic Tiger onslaught but we are not in a scorched earth scenario. We are not Tripoli. We have options. Our people are our best resource. Let us think our way out of the problem as distinct from dwelling on the Past. 2016 is about 100 years since the Proclamation. Surely this is about a value versus cost asset
Yes we need to heed the point that the minimum wage applies to the masses but somewhere I read that it is the 1% that are responsible for 25% taxes paid on average to government coffers.
The tribunals in their day have resulted in funds in excess of a 1 billion euros being collected from people willing to shaft their fellow taxpayers and more importantly citizens and no doubt more funds will come from similar sources in the years to come.
However what can we do to shake up our citizens to formulating a vision that will create policies that will favour a more equitable society. We have the “Bail-Out” even though we are unsure as yet as to whether it costs the Irish taxpayer 85 billion / 100 billion euros or even double that. As yet it may be that we the Irish will have to default and if this is the only way forward then we will be writing off debt and becoming a bad debt to the balance sheets of those senior debtors who took the risk in the first place and provided loans to our Treasury.
This is not the first time we have hit serious economic and political crisis since the foundation of the State and more importantly it will not be the last. The circle dictates the psychology and psychology tells us about the peaks and the troughs within the human being and human beings comprise our society.
Cash is King at present. However, the hoarding of cash due to fear is causing the economy to stagnate. This week the news informed us of the ‘plight’ of a man admitted to Accident and Emergency and when examined – his body was wrapped with wads of euro cash totaling over 60,000 euros…this is fear in the raw sense that creates a paranoia and fear to trust. There are people out there afraid to deposit money in banks. Why because for nearly three years now the news is bad and the time is coming when the 2008 granted guarantee may be canceled and the banks are free to party again and who knows we could face another financial crisis? We need the banks to start marketing again. We need them to retrieve the capital flows that left the country over the past 3 years.
What do you do with the Cash? You can stuff it in the mattress, you can buy Gold or Silver, you can take a chance and buy some shares or for that matter you can go a stage further and buy Bitcoin. But there will always be some people who just keep hard cash in a hidden place. The problem with this is that we deflate the economy, we add to the crises in small to medium businesses because nobody buys anything, we facilitate unemployment to those who are mainly represented by the unions which in turn creates unrest via strikes in our public services.
We need a little insight: we need to encourage people to start re-investing in our own banks not (foreign banks), we need to get people spending cash in the economy in small ways i.e. like having coffee with a friends in a local cafe, having a pint with a friend in your local pub, buying Irish products where at all possible. Brown coinage – why not collect it and then make the point of re-circulating same in the cash pool – you can pass it on to charities in your local supermarket, or change it in the bank. Take taxis rather than park in expensive car-parks in town. Then there is the old Punt. It is said that there is a couple of hundred million still to be presented to Central Bank!! Who has it?
Income tax is one source of revenue but another is where the wealth generates tax and we need to balance in our minds eye who generates most and work from there before we engage in militancy. Holidays people still are travelling the world over but why not support Ireland Inc. Northern Ireland has so much to offer visitors from the Republic and vice versa. Break down barriers in communication and explore what the Island of Ireland has to offer.
11th, May 2011