The Irish are COMING!! - Bailout Fallout

The Daily Mail: Reports on comments by the Coalition PM David Cameron that if Ireland fails then the UK could face Irish jobseekers coming to the UK to gain employment. In other words the UK has to make the Irish bailout work, the reform of the welfare system cant work if the UK has a massive increase of Irish workers, it can be argued that these new workers will undercut British workers and will take jobs that the Brits don’t wan to do, as with previous workers coming in to the UK. Thus lets hope the Irish bailout works, this blog has its doubts, there is still Spain and Portugal out there folks.

Irish Government Meltdown!

Telegraph: Reports on the falling apart of the Irish Coalition Government and the threat of an early election and that the Irish Parliament will not pass its Austerity Budget as a condition of the EU/IMF bailout. It time for the Irish politicians to grown up, if Dublin wants a bailout from the EU/IMF/UK then it has to have a severe austerity budget, it does not have any options, it could default on its debt but that would throw the Irish economy back in to the stone age and take the EU with it, the good years are over folks, the politicians of Ireland have committed economic treason, they have sold Irish Sovereignty so they are liked by fellow EU countries. The cost will not fall on the shoulders of the politicians or the bankers it never does, that is the real world, the good Irish people will face European contempt for a while, but they will get up, clean off the mess of humiliation and move on, the Irish always come back, but lets hope they have learned an important lesson, don’t trust the EU.
　

Missile Threat REACTION from South Korea

BBC News: Reports that South Korea will react with missile launches should North Korea carry out further attacks on its Sovereignty. Thus the big question folks WHY, the general opinion is that the attack is connected with the succession fight in North Korea, it’s the old Dynasty pushing away any threat, showing its still got the will and the power to threaten the region. But it has to be asked does the North Korean Armed Forces as a whole want to keep the dynasty at the cost of the destruction of North Korea, as the place is closed to the outside world, any theory is valid. It can be argued that North Korea wants a Ireland type bailout, this attack was meant to get the red lights going around the world, well that worked, thus the question what next, if this was planned then North Korea wants some money, if not that simple and there is a fight within North Korean leadership then there could be more attacks, the hours and days will tell the tale, either outcome could happen folks.

Obama on North Korea

The White House: Reports on the reaction of the Obama White House to the shelling of South Korea by North Korea. The White House states the following, “ Earlier today North Korea conducted an artillery attack against the South Korean island of Yeonpyeong. We are in close and continuing contact with our Korean allies. The United States strongly condemns this attack and calls on North Korea to halt its belligerent action and to fully abide by the terms of the Armistice Agreement. The United States is firmly committed to the defense of our ally, the Republic of Korea, and to the maintenance of regional peace and stability. ” One reason for the shelling could be the fact that North Korea sees that Ireland gets a hundred billion Euro bailout for going broke, the mindset in North Korea might be how much will POTUS pay to keep North Korea quiet, fifty billion or even a hundred billion dollars, this is just a guess folks, but a very good guess, North Korea is on the make and it shows its hunger with this military shelling. The problem is should North Korea attack for a second time, then South Korea might take action, that is the threat from South Korea, thus Obama needs to show a VERY big STICK and make it clear to North Korea that the South and the US can only be pushed so far, after a certain point all bets are off. God help the Communist North should that point ever be reached, even China might not be able to save them.