The Wholesome Photo of the Month Thu May 09, 2024 11:01 | Anti-Empire
In 3 War Years Russia Will Have Spent $3... Thu May 09, 2024 02:17 | Anti-Empire
UK Sending Missiles to Be Fired Into Rus... Tue May 07, 2024 14:17 | Marko Marjanović
US Gives Weapons to Taiwan for Free, The... Fri May 03, 2024 03:55 | Anti-Empire
Russia Has 17 Percent More Defense Jobs ... Tue Apr 30, 2024 11:56 | Marko Marjanović
Anti-Empire >>
A bird's eye view of the vineyard
Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
Alternative site: https://thesaker.si/saker-a... Site was created using the downloads provided Regards Herb
The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker
Dear friends As I have previously announced, we are now “freezing” the blog. We are also making archives of the blog available for free download in various formats (see below).
What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker
by Mr. Allen for the Saker blog Over the last few years, we hear leaders from both Russia and China pronouncing that they have formed a relationship where there are
Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader
2023/02/27 19:00:02Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of
The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker
Pepe Escobar for the Saker blog A powerful feeling rhythms your skin and drums up your soul as you?re immersed in a long walk under persistent snow flurries, pinpointed by
The Saker >>
Green MP Proposes Sweeping Reforms to House of Commons in Maiden Speech Sat Jul 27, 2024 19:00 | Sean Walsh
The sweeping House of Commons reforms proposed by Green MP Ellie Chowns are evidence that the Mrs Dutt-Pauker types have moved from Peter Simple's columns into public life. We're in for a bumpy ride, says Sean Walsh.
The post Green MP Proposes Sweeping Reforms to House of Commons in Maiden Speech appeared first on The Daily Sceptic.
Heat Pump Refuseniks Risk £2,000 Surge in Gas Bills Sat Jul 27, 2024 17:00 | Richard Eldred
With heat pump numbers forecast to rise, the energy watchdog Ofgem has predicted that bills for those who continue using gas boilers will surge.
The post Heat Pump Refuseniks Risk £2,000 Surge in Gas Bills appeared first on The Daily Sceptic.
Debt-Funded GB Energy to Bet on the Costliest Electricity Generation Technologies Sat Jul 27, 2024 15:00 | David Turver
So much for Labour's pledge to cut energy bills by £300, says David Turver. Under GB Energy, our bills can only go one way, and that is up.
The post Debt-Funded GB Energy to Bet on the Costliest Electricity Generation Technologies appeared first on The Daily Sceptic.
Christians Slam Paris Opening Ceremony for Woke Parody of ?Last Supper? Sat Jul 27, 2024 13:00 | Richard Eldred
Awful audio, bizarre performances, embarrassing gaffes and a woke 'Last Supper' parody that has outraged Christians turned the Paris Olympics opening ceremony into a rain-soaked disaster.
The post Christians Slam Paris Opening Ceremony for Woke Parody of ?Last Supper? appeared first on The Daily Sceptic.
Victorian Laws Against Priests Meddling in Politics Are Now Needed More Than Ever ? To Prevent Imams... Sat Jul 27, 2024 11:46 | Steven Tucker
The Muslim Vote wants Labour to abolish Victorian ?spiritual influence? laws that prevent religious leaders from swaying voters, but Steven Tucker argues that in cities like Leicester these laws are more vital than ever.
The post Victorian Laws Against Priests Meddling in Politics Are Now Needed More Than Ever ? To Prevent Imams Doing the Same appeared first on The Daily Sceptic.
Lockdown Skeptics >>
Voltaire, international edition
Netanyahu soon to appear before the US Congress? It will be decisive for the suc... Thu Jul 04, 2024 04:44 | en
Voltaire, International Newsletter N°93 Fri Jun 28, 2024 14:49 | en
Will Israel succeed in attacking Lebanon and pushing the United States to nuke I... Fri Jun 28, 2024 14:40 | en
Will Netanyahu launch tactical nuclear bombs (sic) against Hezbollah, with US su... Thu Jun 27, 2024 12:09 | en
Will Israel provoke a cataclysm?, by Thierry Meyssan Tue Jun 25, 2024 06:59 | en
Voltaire Network >>
View Comments Titles Only
save preference
Comments (4 of 4)
Jump To Comment: 1 2 3 4Over at Constantin Gurdgiev's blog he has analyzed what Noonan's latest deal on promissory notes for 3.1 billion euro has done and shows that it has no advantages and will actually cost more.
He outlines 16 points on it and in point 13 says:
The positive factor of so-called 'more flexible fiscal buffer' is a red herring, in my view. The idea is that we are 'saving' cash allocation of €3.06bn this year, making it 'available' for borrowing in 2013. This is rather stretching the reality - the 'cushion' has been pre-provided to us by the Troika deal and is specific to the Promissory Notes. There is no indication that it can be used for any other purposes. Even if it were to be used for any other purpose, it would be an addition to the bond issued, so our debt will increase by the amount we use from the 'cushion'. Furthermore, the deal runs out in 2013 and thereafter no 'cushion' is available. So on the net, we have just paid 400mln increase in debt, plus 90mln in deficit to buy ourselves an 'insurance' policy that should we need 3bn in 2013, we will be able to ask for it from the kindness of the EU and have it for no longer than a year. That's pretty damn expensive insurance policy.
You can find the full text at the link below.
Meanwhile as one commentator to his blog says about the deal:
Because of the general discontent around the household tax, and their impending ard fheis, Fine Gael had to be seen to produce a result for the people. The ECB refused to play ball so Noonan's very expensive fudge was cooked up.
It is astounding that the government are willing to accrue further debt, many multiples of the revenue they hope to get from the household tax, just to save face.
don't forget Tom Parlon.
Noonan has compounded the problem by issuing a bond for €3.06bn. He has converted private debt to sovereign debt, thus taking it out of the frame for future negotiations. What a disaster and a scam of the highest order. The debt situation has actually been made worse, not better.
We are sinking more and more and it is crystal clear that DISASTER looms. There's a stockmarket bubble forming.
The BIG CRASH is 6 months away, at most!!!
Please do also consider linking to and commenting on our site - we also have RSS feeds and email updates if you want to sign up for them on the site. All the best to you.