Monday, 13 July 2015

IRELAND DESTROYS ANOTHER €500M - headline missed last week

And so it continues, the Quantitative Squeezing programme as ordained by the ECB.


Today, buried in an obscure report, news emerged that a few weeks ago, June 26th 2015, very quietly, Ireland's NTMA bought a Promissory Note bond from the Irish Central Bank with €500m of borrowed money, money on which we are paying interest and money which we'll have to repay at some future date; the report noted that the NTMA then destroyed/cancelled that bond.


What you're not told is that the Irish Central Bank in turn then destroyed that €500m, 'extinguished it', to quote Governor Patrick Honahan, took it out of circulation per the demands of the ECB.


Yes, you read that right; 
June 26th 2015

IRELAND DESTROYED €500,000,000 OF BORROWED MONEY


You won't read it in any headline, not in those stark terms anyway, that's for sure; it's a truth this government wants buried, a truth we in the 'Ballyhea Says No' campaign are trying to expose.


It's the legacy of the Promissory Notes €31bn created in 2010 to bail out the creditors of Anglo Irish Bank, Irish Nationwide Building Society and Irish Permanent.


It is also the legacy of Finance Minister Michael Noonan and this government to your children, and to your children's children, debt slavery for the next 40 yrs to bail out the creditors of three zombie non-systemic banks, breaking the clear rule of the ECB on the use of ELA, Emergency Liquidity Assistance.

The ultimate cost? For the full €31bn, upwards of €80bn but could be a lot more, depending on market conditions when the sales occur. For a debt that is not ours, was never ours, will never justly BE ours.


FULL SCHEDULE

For those who aren't aware, here is the full schedule of destruction:


ALREADY DESTROYED

2014                Two bonds, €500m each, sold/destroyed            €1.0bn

2015                Bond of €500m sold, money destroyed               €0.5bn


REMAINING

2016-2018       Three years @ €500m/yr                                      €1.5bn

2019-2023       Five years @ €1,000m/yr                                      €5.0bn

2024-2031       Eight years @ €2,000m/yr                                   €16.0bn


EXTRA

2011                 Per original Promissory Notes, destroyed          €3.1bn

2012                Bond issued to cover P Note, €500m sold          €3.46bn



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    ReplyDelete
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    ReplyDelete
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    ReplyDelete
  27. Hello Everyone,

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    ReplyDelete
  28. Hello

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  29. Hello,
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  30. Greetings to you by ADIA.

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  31. DO YOU NEED A LOAN?

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  32. Attention !!! Loan Offer

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  33. Hello Everybody,

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  34. Are you financially squeezed?
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  35. Are you looking for a business loan? personal loan, house loan, car loan, student loan,debt consolidation loan, unsecured loans, venture capital, etc. .. Or have you been refused a loan by a bank or a financial institution for any reasons. I am john williams, a private lender, lending to businesses and individuals in a low and affordable interest rate of 2% interest rate. if Interested? Contact us today at (johnloanfirm101@outlook.com) and get your loan today

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  36. Do you need an urgent loan? Do you need a quick long or short term loan with a relatively low interest rate as low as 3%? We offer business loan, personal loan, home loan, auto loan, student loan, debt consolidation loan e.t.c. no matter your credit score. We are guaranteed in giving out financial services to our numerous clients all over the world. With our flexible lending packages, loans can be processed and transferred to the borrower within the shortest time possible, contact our specialist for advice and finance planning. If you need a quick loan contact our company email address;standardloaninvestment408@gmail.com
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  37. Loan Application
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  38. HOW I GOT MY LOAN FROM ELVIN LOAN COMPANY{elvinloancompany@yahoo.com}

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  39. LOAN OFFER

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  40. How I Was Rescued By A God Fearing Lender (Lexieloancompany@yahoo.com)

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  41. HOW I GOT MY LOAN FROM THIS GREAT COMPANY

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    ReplyDelete
  43. do you need a genuine loan? if yes we FAST LOANS are ready to offer you a loan of any amount at a very cheap rate of 3% so now if you are interested in getting a loan from us simply email : fastloans70@gmail.com for genuine loan...

    ReplyDelete
  44. HOW I GOT MY LOAN FROM THIS GREAT COMPANY

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    ReplyDelete
  45. We wish to give out loan to whom ever that is in need of a loan at interest rate of 3%, We give out loan from the minimum of 5,000.00 usd to the maximum 100 million dollars, pounds, euros, If interested, Contact us via email: johnpotto4@gmail.com

    ReplyDelete
  46. Welcome To Dr. Powell Garcia Loan Service…
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  47. Welcome To Dr. Powell Garcia Loan Service…
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  48. I applied for a Loan of 30,000euro for my son's hospital bills on Friday with Mr.Alfred Kessinger and today the money was paid out to my account Today.. am now happy now because he got me out of debt by giving me a loan those who needs loan should contact him now via: am.invest@hotmail.com for more info.

    ReplyDelete







  49. HELLO,

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  52. Welcome To Dr. Powell Garcia Loan Service…
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  53. We wish to give out loan to whom ever that is in need of a loan at interest rate of 3%, We give out loan from the minimum of 5,000.00 usd to the maximum 100 million dollars, pounds, euros, If interested, Contact us via email: johnoneil945@gmail.com

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  54. Welcome To Dr. Powell Garcia Loan Service…
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  55. I AM HERE TO SHARE A TESTIMONY OF MY LIFE

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    ReplyDelete
  56. Hello Everybody,
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