Should we withdraw from the bond and currency markets?

The big powers consider the currency crisis This past weekend the IMF & G20 failed to agree on currency policy and broke up leaving continued uncertainty on the management of currency markets worldwide.  China, which holds nearly $2.5 trillion in its currency reserves, is resisting ongoing pressure to revalue its own currency, which would ease pressure on … Continue reading “Should we withdraw from the bond and currency markets?”

Our economy is crippled – but there’s no shortage of support for finance capital.

This week An Taoiseach, Brian Cowen, is in the United States to visit Wall Street and it’s leaders – he must think economic salvation lies with American investors … so they need to be looked after.  He promised them €250 million over the next 3 years if they will match that figure and locate enterprise … Continue reading “Our economy is crippled – but there’s no shortage of support for finance capital.”

No to bailouts for the bankers and developers!

Section of the march against NAMA on O’Connell Street, Dublin, September 12th 2009. NO TO NAMA – NOT ONE CENT IN CUTBACKS! On September 12th the Irish People’s Union organised a successful protest against government plans to ‘rescue’ the Banking sector at the expense of ordinary Irish people.  Other protests have followed throughout the country, … Continue reading “No to bailouts for the bankers and developers!”