Someone just posted this to me Michael Noonan rushed through legislation in 2013 which turned the Promissory Notes into Promissory Bonds which means The State and people of Ireland now own that debt.This short-term gain for long-term expense is even admitted to be illegal by Michael Noonan.Ireland has mortgaged its childrens their childrens futures for the next 40 years to bail out bondholders. on international markets to venture capitalists.Patrick Honohan, The Governor of The Central Bank of Ireland has admitted the Promissory Note Bonds are being extinguished and the first €500 Million happened on the 23rd December 2014. So over the next 40 years the Irish people will pay more than €70 Billion in interest and in principal. By swamping the individual with debt you have taken away a persons freedom. Numerous national and international respected economists like Constantin Gurgiev, Max Keiser, William Black and Joseph Stiglitz have argued that Ireland should have burned the bondholders. Just goes to show that the EU is neither open nor democratic. Sickening indeed !
Posted on: Fri, 09 Jan 2015 15:43:20 +0000
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