Analyst's note: Another example of the failure of "progressive social engineering [social justice]" - again using a draconian central bank (federal reserve-like operation in Ireland). In time, I expect to learn that George Soros (a Fabian socialist and Messianic billionaire) had a hand once again in destabilizing a nation -- always with the destabilization of their currency -- in an effort to take power, and this time may eventually lead to the collapse of the current government of Ireland.
"[....] Ireland is like Iceland. Their banks participated in unwise real estate speculations, and their system is now insolvent. The Irish state knew it had to bail-out its banks, but their balance sheets were large in relation to GDP – exactly the Icelandic dilemma.
The Irish know that if their banks fail, their liabilities will fall on other European banks, especially in Germany and Britain. Some of those are fragile themselves. A chain reaction and panic in money and bond markets could easily ensue. In other words, another Lehman Brothers.
[....] Contagion could spread to other banks outside the EU, so countries like Switzerland and Norway should be offered the option of participating. [....]"
See for yourself in the video below the seditious mind of the Marxist/progressive George Soros which is beginning to be revealed in his own words. He explains the process he uses to act as "God" in his effort to establish "social justice." The intelligence of our Founding Fathers and the power of our Declaration of Independence and the U.S. Constitution increases as observe the operation of the world in which we now live.
