Shame they did not listen….34.00m
http://www.youtube.com/watch?v=GBXtWetS1Jk

I love the Albert Reynolds 1984 “and now you want to know when you get your telephones”
“All of this country will be automatic and there will be no more manual exchanges to be dealt with ”
But who got to eat all that surplus value ?
It is funny though.
No need for character actors when you can have the real thing.
It cracks me up.

This rise of productivity without local wage consumption lead to our very strange trade surplus especially after the big bang period as credit & their machines (houses & cars) were needed to replace money / wages.

What a fucked place this is.
Its surreal.

Of course this went to the farmers which laid the seeds for what I consider as the present lack of internal redundancy crisis….as the global market state is now far too specialized & efficient to deal with a crisis of their own making.
The global Barbell economy is now imploding for obvious reasons.

There was some Euro concern for the physical economy of Ireland in the 70s with the Nuclear thingy finally morphing into Moneypoint but I think the trust of Europes focus on our infrastructure was finding a market for their surplus cars.
This was more clearly seen in later years (early 90s) when Albert Chamberlain came back with that roads in our time document.

Dork….I recommend Sins of the Father. Not available at present if you choose to buy it, although I’m sure you can get it in the library.

I don’t think much of that article. Not that I think much of Honohan’s take on it either, as it’s based entirely on official documents, ministerial notes and dept memoranda. However, on the negotiations around the entry to the EMS he mentions this:

As a final throw of the dice Lynch requested greater flexibility in that the resources could be used for, asking for them to be applicable to a greater variety of projects than the Irish authorities had initially proposed. The issue of principle here related to distorting subsidies for industry: as indicated above, the Irish Government wanted to be able to subsidize firms facing difficulties in the new regime; their EEC partners on the other hand envisaged the funds being used to strengthen infrastructure. Giscard was in no mood to grant this request either.

Honohan says that ultimately, Ireland saw it’s future as being ‘at the heart of Europe’ even though they only looked upon the ESM and core four countries of the EEC as a Britain mark II, where the structure of the colony would remain in place.

Starts at 7.00m

http://www.youtube.com/watch?v=ImUIMCFx–w

Its time for the truth…………the question is can we handle the truth.

On a day when our smurf like leader is in the Wolfs lair itself talking about 6th century Irish / Germanic Monks and other Blarney this paper from a outsider looking into this slurry pit is instructive.

You can see in this Y2003 document that the Punt post 1979 was never really a national currency.

It was a mere bridge towards EMU & the Euro.

See page 13
We were bought and not only that …..we were cheap
See page 13 & 14
http://aei.pitt.edu/2906/1/145.pdf

The Irish requested 650 million pounds of grants from zee Germans & French
We got a low interest loan of 225 million
By 1980 the country began to enter into a wage deflation phase…with Industrial Cork effectivally going bust with only Apple computers (the new economy) keeping a nice shine on things - the price for mammon…….

Our “leaders” are rotten to the core.