•May 27, 2013 • Leave a Comment




•May 19, 2013 • Leave a Comment

It has come eventually – The Solution to Ireland’s half-decade of financial woe…..we give the money (say 50 billion to RTE)

In case you haven’t seen or heard the advert, that’s what they do, they invest money into the economy, they, in fact, far from taking tax money to produce mostly poor television, they take that money and generate more money from it!!!!


The thing is to a large extent they are right – now, the rub of this is something the government should try to get to grips with

You know what – nah replace last 9 words of last sentence – the next generation of politicians in Ireland should try to get to grips with


Define a Contract

•April 29, 2013 • Leave a Comment



How do we define a contract, well it is many things, it talks of competent persons, it hinges on offer and acceptance and, importantly, it is about ‘mutuality of obligation’. 

Mostly when politicians talk of bankers contracts and their inability to affect them in any way – they say ‘because the contract is legally binding’

A few minor issues around this. Firstly, it is legally binding because it is a contract!!

Secondly, sweet mary mother of….do you not see that all employment is based on contracts (we decided on this as a means of exiting industrial revolution working conditions – and trying to create some modicum of fairness in the employment world between employer and employee).

So a banker gets paid the guts of a million euro per anum from a bank that receives a number of billion euros from the public taxes due to its own negligence or mismanagement or corruption or whatever you like, its own fault! And the government en mass plead that their contracts are airtight. 

In the same breath they explain or threaten that public sector jobs may take pay cuts across the board blah blah or, indeed, as Taoiseach recently declared jobs are not safe.

So, I guess what one can assume from this is that government contracts are not airtight. Now, can we take another look at the bank guarantee, please?


Can I just say to all of my fellow private sector workers, I know you think you are right to be angry at the public sector; but, and I mean this respectfully, you are not. I find it hilarious and tragic that employers’ bodies claim that public sector wages need to be cut as their workers have lost jobs. Scratches head and takes deep breath!!

Look, we all operate in employment contracts. They, like any other contract can be breeched by either side. You generally agree to do certain things for a job and they agree to pay you and provide certain conditions. Can you lose your job as a teacher. Of course you can, go in there and have an affair with a student or something. Should we in the prviate sector boast how easily we can be fired…..Cries onto keyboard. NNOOOOOO!

Just a final point, of course, there is wastage in the public sector, including in some small number of cases, excess pay; but, this is the very last time (in a declining spend recession) that you address this…grown up politics asks you to do this when there is not a recession and a flight in consumer spending and workers income and, indeed, in employment. Lastly, really, when you were 18 you could have gone private or public sector – we really need to think of ourselves as both here – as individual citizens that are part of a society, of course, we are. Remember we have had a collapse in private investment due to a banking crisis. Having a government intentionally set all of the plebs against each other in this fashion is most unpleasant, having people buy it is ridiculous, and all the while ministers highlighting when a contract is a legally binding thing is just ridiculous!


•April 3, 2013 • Leave a Comment

Well, I was going to write a post ever since the insolvency practitioners roles and remits were leaked, but, I was worried about my blood pressure. If one useful thing is emerging from the nightmare of the last few years it is that a stark mirror is being placed in front of how many of our decision makers (and, indeed, their cheerleaders) really view society.

In essence despite protestations, they acknowledge a world where some people live in nice areas, are responsible and contribute to society, while others are parasitical, will take what they can get and are programmed to cause trouble. While they feel abstractly that all people are entitled to fair treatment and equality that is prefaced with the acknowledgement that some people are just their own worst enemy and exclude themselves from this.

The argument extends then to justify that one’s children go to good schools, do a load of work to get through college come out into a profession and clearly deserve a little ‘more’ than others who travel a less sanitised route. The general understanding here is that business people drive an economy and an economy drives a society forward.

There is an acceptance that foreigners came to this country and did jobs that in many ways Irish wouldn’t do anymore, and that was great, but now is a time to leave and charity begins at home. There is a sense that our identity is Irish first, and, indeed, that there is an undermining of our identity (an identity that we fought and died for) going on, including our religion. A belief system we also fought and died for and hold very dear to us; I mean just look at the education system being pushed away from the catholic teaching that we want our kids to have and look at marriage (God’s sanctified sacrament between a man and a woman) being debated for homosexuals.

There is also the reality of every day with travellers around where we live. It is all well and good for people to speak of equality, but do they have to clean up a bar after an itinerant funeral or the roadside after they move in for a while. The real world just shows that these people are different as are the people of Ballymun, or, indeed, the foreigners, or the people who are atheists or homosexuals. 

This is the mirror middle Ireland. You are in many ways a lovely person, but it is incredibly important that where relevant in your life, you can acknowledge, you are a bigot. An incredibly conservative and backward looking discriminator. Unbelievably and comically, you find Texas and the southern states of the U.S. a source of humour and the Bush presidency and the tea party the manifestation of all that is wrong, without seeing yourself chiselled in their likeness – and yet, while we stumble towards a national catastrophe, and are presented with a major desire to change, we can’t even imagine difference!


Mortgage Recovery

•March 21, 2013 • Leave a Comment

How many generations in Ireland since people were evicted en masse from their households. How long since they took the rooms or room that was a young child’s whole universe, their solace, protection, playground and sanctuary of love from them and cast them and their fretting parents to chance. How melodramatic you might say! Really. Are we really looking at this type of thinking again.





Here is Something we should do now!


Mortgage Recovery    

Government will instruct banks they own (and that are indebted to them) that all mortgages (one mortgage per person) will be reduced by 30%. The numbers involved will be approximately €20 billion of the mortgages in the country. This reduction will apply to all mortgages (except second third properties etc.). This will be a redirection of already borrowed monies from the troika into the productive economy. It will allow citizens have approximately €300 per month every month for the remainder of their mortgages averaging over ten years. This will act as an ongoing stimulus to the domestic economy. For a sense of fairness anyone renting a property will receive the passed on savings and this will be strongly policed and enforced. Banks may suffer on cash flow it will not be affected in terms of its balance sheet. The government are shareholders in the banks and have already indebted themselves to the troika to borrow this money and much more on top of that. The monies may be recouped by the banks in the commercial markets in time bythe government offering the money as a loan from themselves that they will buy an equity shareholding which the will forego on point of sale. This allows the banks to retain their balance sheet, it means in essence, that monies already borrowed by and being taken from the taxpayer to repay same by government will be taken out of banks that will not lend into a depressed domestic economy and given to the agents and actors or citizens within that economy and so create a long-term sustainability for the banks. 


In response to some pre-empted responses….

The notion of moral hazard is a) lying in shatters from bank bailout and NAMA; and b) pertains to the risk of people investing again…in other words how worried are we about people rushing into properties with a view to having debt written off again, any time soon (of course, this would also be seen as a one off amnesty etc); and c) ethically we must concede that tribunals have told us that, unfortunately politicians and builders knowingly and unknowingly conspired so that persons had no choice but to emigrate or buy a house to raise their families in this country at exorbitant rates. 

This all may require a bit of ingenuity – but minor compared to NAMA!

Red Light Country – We Are Open for Business

•March 11, 2013 • Leave a Comment



•July 11, 2011 • Leave a Comment

I have the distinct feeling that some of the concepts now afoot (specifically) that we need to be capable of imaging 90 billion neurons over a period of time – something far ahead of what parallel supercomputers can achieve now. For people making these claims, just a question, have you spoken with a human recently?
Look the brain is a central junction of activities – some of which include touching, skillful motor actions, some regulating breathing, and some generating the language based illusion of consciousness – itself an accident of the benefit of advanced communication among our species – we are amazing creatures but not quite nearly as amazing as we think