Buy My Shit ?
“You might have businesspeople in China or in Brazil or in
various non-EU countries who would like to be entitled to come
and reside here......The scheme has great potential"
----Irish Justice Minister Alan Shatter quoted in Bloomberg, 29 February 2012, Irish Seek to Tempt Millionaires With Visa Bonds
Y'all gotta hand it to the Irish (and probably the other PIGS still marginally included in the EU). Having flushed themselves head first in the Debt Toilet, they're now offering Brazilians and Chinese the chance to eat Irish ass and taste some blarney shit - for a fee of course.
The scam err....scheme...works like this: if an investor ejaculates 2 Million Euros on a "low interest" security or spooges 1 Million Euros on real estate or shoots his wad into an Irish company he gets rewarded with a Visa !!
OK.....so what....? Other countries have done that in the past. Yeah, but they didn't have an economy that looked like Ireland's and investors were free to buy whatever real estate they wished. Ireland is kindly suggesting that investors buy the shit err.....the real estate held by the National Asset Management Agency - which fellated the Irish banks of their bad loans and the real estate representing it.
Great deal huh? Pay me. Buy my shit.
Essentially it all comes down to guts. Little Iceland (population 300,000) stood up to the banksters, threw rocks at the parliament and forced the government to refuse to guarantee the derivative-based debt as demanded by The Nanny Kingdom and Fraud Street. Instead, the Icelandic Government let the debt-fucked banks fail, broke them up - and guaranteed all customer deposits. Initially, the economy crashed - but now it's the fastest recovering economy in Europe and their credit rating was just upgraded. The banksters are still licking their wounds.
(Update 3 March 2012: Iceland wants to negotiate with Canada to adopt the Canadian Dollar......!!!)
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