Update 1: Still not sure what the update is
Yesterday senior figures within the Irish Government/Civil Service initiated “Code Red”. It’s kicked off with a planned leaking of details of an legal accounting trick designed to created a sense of political chaos and thus spring the dumber backbenchers of FF, FG and Labour into voting for the IRISH BANK RESOLUTION CORPORATION BILL 2013
The co-ordinated “leak” was part of the strategy of Code Red. that the State was to liquidate IBRC/Anglo allowed Noonan to give the impression that an emergency now existed, since IRBC/Anglo assets would plummet in value this morning without this emergency legislation. Its a bit like shooting someone in the face and them shouting at passer bys that if they didn’t give you a tissue now, you’d be responsible for their death.
The Minister of Finance wanted the late night debate to begin at 10.30pm, a whole 15 minutes after the draft bill was given to TD’s in the Dail. The bill is 59 pages and involves between €28-45 Billion euro the people in Ireland have yet to generate through their own labour. The Dail bar was still open so the debate was pushed back until 00.00am on Thursday.
Noonan informed TD’s that he handed all power to in KMPG, one of the Big Four accounting firm that rubberstamps the cooked books of banks across the globe for a significant slice of the pie.
The bill in Section 17 also allows Noonan and future finance minsters to issue government bonds (read bind your future labour to even more debt)
Its now up to the unelected 21 men of the ECB to rubberstamp the Code Red plan. And in doing so will turn the private debts from banks under criminal investigation (by supposedly the Irish state) has been “transformed” into fully legal, yet still illegitimate, debt that you, your children and your childrens children will have to pay out for.
Most people now understand that this is not an economic crisis, but a crisis of democracy.
How this actually pans out is up to you.
make sure and follow @notourdebt