Economic Analysis Which May Not Be Correct But Is Easy To Understand

I studied commerce in college.
No. Wait.
I tell a lie.
I was in the commerce faculty in college.
I actually went to seven lectures during the entire year. (Well, there was this girl, and she was free during my lectures and....)
And I didn't like any of them.
So maybe that's why this whole world economic situation has me utterly baffled.
OK. I get the bit about how our government made a complete hash of things by chucking money at its builder and developer mates to build houses and apartments which, it turns out, nobody actually wants.
And I get the bit about how, even through we were, briefly, amongst the richest countries in the world, we managed not to build a decent road between either Dublin and Cork or Dublin and Rosslare/Waterford.

We did manage to build a road to the border. But that had nothing to do with infrastructure. That was, wasn't it, to do with something called 'the peace dividend' or some other such rot.
But the world is in turmoil. Nobody seems to have money. Those who have it - banks don't you know - are holding onto it like grim death and won't lend it to anyone.
Thousands are losing their jobs in Ireland. Hundreds of thousands in the US. Millions, apparently, in China.
You see, with my basic knowledge of economics (it was my best subject. I got 25 per cent) I know that the money is still somewhere.
It's possible that there is a large stash of it in the safe of our former 'leader' Bertie Ahern.
But really, it is somewhere. It's not like someone burned it.
It's not like a euro or a dollar or a pound suddenly went the way of the Zimbabwe dollar and became worthless.
The money is about.
And so we can guarantee all the bank assets we like, chuck our money at them if we wish and cosy up to their overpaid, underachieving, cruel, greedy bosses and the good it will do it is nil.
We want the money.
We want it back in circulation.
We want developers to release money even if they have to sell land and buildings at a loss. Make them do it. That's what banks do to unfortunates when they take their homes from them. They force them to sell because they want their money.
Well, we want their money.
If governments can't force banks to release money, to realise assets to get money, to behave, well then, what's the point in democracy?
What's the point is us voting?
What's the point in Barak Obama if he can't make banks do what they should do, what they morally must do?
That's it.
Economic analysis from a buy who got 25 in economics, 15 in maths and 0 - yes zero - in accountancy.
Makes sense to me.

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The Peasants Will Soon Be Revolting

Bertie opens Dublin Airport's 'too little too late' Pier D. He'll never have to use it.

Did you ever notice, that when a factory or big new company opens up, there's always a politician on hand to do the official ribbon cutting and to, essentially, take the credit?
Did you ever notice, that when a new piece of infrastructure is opened, there's always a politician right at the front of the photograph to, essentially, take the credit?
Did you ever notice, that when a new school or hospital is opened, there's always a politician there, grinning at everyone and shaking hands and, essentially, taking the credit?
But if you noticed all that, did you also noticed, that when a factory or big employer closes down, the politicians aren't to be seen?


Did you notice that, when a new road ends up being a disaster, jammed with traffic morning, noon and night, the politicians have disappeared?
And did you notice that, when the new school becomes overcrowded and when the A&E in the new hospital becomes full of patients on trolleys, the politician is elsewhere?
Right now, things are pretty much going down the toilet in Ireland.
While I never, ever, liked those who talked the economy down when things were a bit better than they are now, the huge rise in unemployment cannot be denied.
The virtual collapse of the housing market is there for all to see.
The lack of money is apparent everywhere.
And there is an undeniable sense of foreboding.
So. What are the politicians doing?
Essentially, shag all. Not a thing. Diddly squat. Nada. Rien. Faic.
Well, that's not quite right.
What they're doing is telling the rest of us that everything's fine and dandy. It's not as bad as it looks. Our 'essentials' (sounds like underwear to me) are strong. We're still outperforming Burkina Faso and Chad, or something. And that makes it all grand.
And, in fairness to them, from where they're sitting, on the fat backsides earning vast sums of money, claiming enormous unjustifiable expenses, getting chauffeured around the place at our expense and going home in the evening in the full knowledge that, unlike everyone else in the country, they qualify for a pension after not too many weeks in the job, things are fine and dandy.
You know, we studied history in school and often wondered what it was that prompted people to start revolutions.
I hope, that in a hundred years time, someone reads this, so they'll know why ours began.

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