Great thanks to Seanán Kerr who is busy arranging a talk, Q&A and perhaps a panel discussion on – SLIGHT CHANGE BUT NOW CONFIRMED
Friday, October 21st between 6 and 8pm, in the Harry Clarke room in NCAD, 100 Thomas Street Dublin 8
I thought to let you know that I fly in on Thursday and will fly out on Sunday early evening. While I’m in Dublin I hope to meet a few people including any of you who would like to. It seems a great opportunity to meet in person.
Let me know here or by email if you would like to meet up and suggestions for where and when. And please let others know this is happening.
Great to hear. About time!
Unfortunately for myself, I moved to Sao Paulo a bit back from Dublin so i won’t be able to attend.
We were chatting before about doing a irish housing housing situation / ulster bank + rbs article maybe two months ago. Perhaps I can get this to you still before you arrive there. I’ve been stuck for time recently given the changes in my life but I think I will have some over the next two weeks. I have been following some news/developments from Ireland in the meantime on the topics above too so I’m reasonably up to date.
Good Luck with the Dublin talk.
Joe.
I’ve been trying to post the following on the Monstrous Fact thread, but it’s not working (cue paranoia). Let’s hope this works:
The Boston Consulting Group report says that “between household, corporate and government debt, the developed world has $20 trillion in debt over and above the sustainable threshold by the definition of “stable” debt to GDP of 180%” (http://www.zerohedge.com/news/muddle-through-has-failed-bcg-says-there-may-be-only-painful-ways-out-crisis ).
In a 2005 report, meanwhile, the Tax Justice Network estimated that “the world’s High Net Worth Individuals (HNWIs) held around $11.5 trillion of assets offshore […].This figure was considered extremely conservative: it did not include […] corporations, which reportedly pass more money through tax havens than individuals.” (http://www.taxjustice.net/cms/front_content.php?idcat=103 )
I reckon that would comfortably cover the developed world’s $20 trillion of debt…
Was only thinking about trying to organise this during the week.
Looking forward to it. Bring your brolly
I will certainly be there.
Do push the Iceland solution.
Banking is a dead loss for the next two decades or so. We can make a better bandwagon then, maybe. Until then we just need liquidation agencies!
Would consider myself not as well educated on the current situation as I should be, but I am interested in furthering my knowledge in just what is happening to this country and how it has been sold down the tubes by vested interests. Sounds like just the ticket.
Video entitled, “Message to the Bankers from Anonymous”. Chilling.
http://www.youtube.com/watch?v=hUOBv-5JuQg&feature=player_embedded
According to an “extremely conservative estimate” in a 2005 Tax Justice Network report (http://www.taxjustice.net/cms/front_content.php?idcat=103 ), the world’s wealthiest people had more than $11 trillion offshore, with a much higher figure for corporations.
The BCG report quoted above, on the other hand, says that the developed world has $20 trillion of unsustainable debt.
Interesting, that…
I would like to try & get there & meet you Golem. I wonder if there’s anyone in Cork city who could arrange for a talk down here? (I live some way out, so quite difficult for me to do this, but I’ll give it some thought, Golem being amenable of course.)
Anyone who reads this blog will probably be fascinated to hear this interview of Yves Smith by Harry Shearer:
http://www.kcrw.com/media-player/mediaPlayer2.html?type=audio&id=ls111002le_show_-_october_2_
The later section has a really good summary of the European situation. Just the kind of thing you will not hear from the BBC.
Good link thanks
Great stuff. Make sure you post a link for a Facebook event.
hey golem, been a fan of yours on CIf, I hope to make it, will check back here for update.
Details now sent to the ‘2nd Republic’ campaign list. Interest already expressed.
I may not make it unfortunately, financially constrained I’m afraid.
Golem
One of the 2nd Republic supporters has been in contact with me (don’t know why he didn’t contact you directly) who is involved in the Dublin ‘Occupy Dame Street’ protest.
Is it possible you could give their group a talk whilst you’re in Dublin?
If so, he’s given me a mobile phone no. to contact him. What’s the best way to pass his details on to you?
Mike,
I’ve been trying to send you an email but it gets bounced. Could you perhaps send me an email to [email protected]? Or to [email protected] Then I can send my email to you.
I would be very happy to talk to them if they thought I was an appropriate person.
Hi David,
When Seanan ran the idea past me I put him in touch with a couple of people in GradCam (Graduate School of Creative Arts and Media) who facilitated the organisation of the event. The word is out on Facebook so I hope there will be a good attendance! BTW, while in Dublin you should check out the Occupy Dame Street camp which is just down the road from where you will be speaking, about 15 mins walk away. I’m sure they would be glad to meet you.
All the best,
Paul
@ Golem
I have sent you an email, unfortunately I have to come down tommorrow, can’t make the weekend.
Fantastic talk last night David. There was a palpable sense of tension in the room at one point where a few people seemed to think you were criticising Ireland. I was surprised to be honest but was glad to see things calm down.
I first got to know you from the documentary ‘dangerous knowledge’ and happened to look up your name to see what other films you’d made and noticed you had written about the financial crisis, an issue to which I was somewhat ignorant bar my viewing of Michael Moore’s ‘Capitalism: a love story’.
I’m grateful for your effort and ability to have delivered in simple chapter and verse, exactly how this particular crisis came about. I count it as priceless knowledge to possess. . Too many people are still (through no real fault of their own) too ignorant of the truth.
Hi david,
thanks for an inforamtive talk at occupy dame street.
I asked you to clarify the meaning of the term fractional reserve banking as there are 2 different versions i commonly hear.
when you explained i heard shades of both.
As far as i can see one version is the truth and the other is a misunderstanding.
I asked the question because i wanted hear you explain the truth.
i will use 10% reserve minimum in this example
senario 1.
I deposit €100 in bank A.
bank A can keep 10 and lend out 90.
the 90 loaned out is deposited in bank B, they keep 9 and lend out 81.
the 81 loaned out is deposited in bank C, they keep 8.1 and loan out 72.9
etc etc.
senario 2.
I deposit €100 in bank X.
bank X loans out 1000.
the 1000 loaned out is deposited in bank Y.
bank Y loans out 10,000.
the 10,000 is deposited in bank Z.
etc.
some basic maths show the effects on the money supply:
senario 1.
after 10 steps – €651 (551 has been created out of nothing)
after 100 steps €999.97 (899.97 has been created out of nothing)
after an infinate amout of steps – €1,000. (900 has been created out of nothing)
senario 2.
after 10 steps – €111,111,111,100.
after 100 steps €111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111100.
Do you agree that senario 1 is the actual situation and not senario 2? Or am i making some stupid mistake here?
Thanks for the help,
Eoin