It is a financial crime to make the Irish people pay for thegambling debts of private banks and international bondholders.

For many months this blog has pointed out the fact that 'blanket' bank gaurauntee should not have been implemented (it is a financial crime to make the people of this state pay for the debts of private banks and their international bondholders. The massive debt is unpayable..default is inevitable...

Ireland would be crippled by €10 billion per year interest
http://www.irishexaminer.com/home/ireland-to-be-crippled-by-10bn-a-year-interest-137916.html

Here's an interesting article in the IT that also says default is the only option. Bear in mind however that the Irish Times and all the mainstream media has failed to mention the underlying problem, that is that the debt-based global monetary system itself is flawed. See http://sustainableireland.blogspot.com/2010/09/banking-system-creates-money-from.html?showComment=1290071264359#c421214872807061830

http://www.irishtimes.com/newspaper/opinion/2010/1202/1224284564382.html

Latest Keiser Report says Ireland being raped by the IMF - but no haircut for the senior bondholders

http://www.youtube.com/watch?v=8Y-YmyTXdBs&feature=player_embedded

IMF brings economic mayhem


http://www.youtube.com/watch?v=nQFHgcFlrlw


See also
The dying days of a system based on fractional reserve banking...
http://www.positivemoney.org.uk/2010/11/ireland-welcome-to-the-death-spiral/

See also 'obsession with creating a euro state'...

http://www.youtube.com/watch?v=4CEu2sy2Z_0

Here comes the ECB/IMF to save/bailout 'their' system at our expense
http://www.thefuture.ie/news/article/troubled_mortgage_holders_stop_paying_banks

In addition, Fianna Fáil and this government may be exposing themselves and the state,to an illegal and unconstitutional move that may now block the so called bailout in the courts..
Under article 29.5.2 of the Constitution, the terms of all international agreements which impose a charge on public funds and are not of a technical and administrative character must be approved by Dáil Éireann prior to the Government agreeing to the State being bound by it.

See also
The Watson Institute presents Mark Blyth on Austerity
http://vimeo.com/15061570

Related topic

Greens calls for 90% tax on banking bonuses...



http://greenparty.newsweaver.ie/1p9rqpxh10b1ramsmbzryt?email=true&opc=true#commentsAnchor4235184-17646144

Seperate bank debt from state debt or face econocide...
http://www.davidmcwilliams.ie/2010/12/15/separate-bank-from-
state-debt-or-else-face-econocide

Update: Joe Higgins makes some good points here despite rude interuptions..
http://www.youtube.com/watch?v=sUq8lvZnE68