Taking control of our desttiny

NEXT Wednesday our Government must pay €700 million towards the Anglo Irish Bank bailout, for unsecured loans via the bank to speculators.

Are our politicians strong negotiators, good decision makers, or powerless? EU administration costs, including the cost of running and leasing EU buildings, will be €62.6 billion in 2011, including €10bn for pensions to retired officials. The European Central Bank ‘has’ the following reserves: €526 bn in total: €43bn directly; €338bn (Eurosystem incl gold) €145bn (foreign exchange reserves).

There will not be enough to bail out one country, not to mind all that are in crisis. There has been enormous growth in the world economy over the last 100 years due to cheap oil. Cheap money fuelled the Irish property boom. Like all pyramid schemes all is well on the way up. Do Irish and EU politicians realise that everything is changing? The cheap oil is running out. Consolidation and self-sufficiency is the new goal.