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Posted

I don't have sound on my computer, as I JAM stereo when I play THE SF, so I can't hear the fella. But, this just came out of Ireland a few days ago...

 

 

Ireland Seizes $7 Billion From Its Pension Fund To Boost Employment

 

~> http://tickerforum.org/akcs-www?post=188008

 

But if you click the article, they are talking about a "reserve" fund. Where that reserve comes from, who knows? Maybe it was not taken from wages of men and women, but certainly from "taxpayers". No matter, I'll guess boosting employment (Soviet~esque Central Planning) is probably a cover. The last paragraph about the banks is interesting.

 

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A total of €17.5 billion of it is being used as part of the €85 billion EU/IMF bailout that was agreed last November with €10 billion of that being used to recapitalise the banking sector in Ireland.

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