Ben Gilroy Talk In Wicklow

Today we take a look at a talk held by Ben Gilroy, the rest of People For Economic Justice, Ray Whitehead, and Direct Democracy Ireland. The talk in Wicklow was split into three main speakers, Ben Gilroy, Ray Whitehead and Clare Leonard. We will discuss the topics covered in each video in more detail, after each video.

Part One of the Talk in Wicklow

In part one of the Talk In Wicklow, Ben jumps straight into the corruption of the banking sector in Ireland, as well as the political spectrum itself. He covers the claims of the Irish government that they did not know who the bank bondholders were, which People For Economic Justice famously proved wrong on Tonight With Vincent Browne. Direct Democracy Ireland, mentioned at the Talk in WicklowBen also discusses a very important topic called Direct Democracy. Direct Democracy is a relatively simple political process, that was a part of the original 1922 Bunreacht Na hEireann, and was removed in the revised 1937 constitution. In this system, any citizen can bring about a referendum on any given topic, provided they can gather a predetermined amount of signatures in support of the issue’s being raised to a referendum. In the original wording of the constitution that number was 75,000. If this system had been in place at 2008, and a bailout of unguaranteed bondholders had been announced, how long would it have taken to gather that number of signatures  and what would have been the result of that referendum? We at People For Economic Justice don’t feel it would have taken more than an afternoon.

Part Two of the Talk in Wicklow

This segment covers the history of Direct Democracy, and the actual efforts being put in to get it back. Getting it back is the key element in the new political party, as most people don’t even realise that Ireland had it in the first place.

Part Three of the Talk in Wicklow

The third video is a somewhat harrowing outlook on the current state of the economy, but with some good suggestions going forward at the end.

 

Who Are The Bondholders

Few realise that it was in fact People For Economic Justice who uncovered the full list of bondholders of the now defunct Anglo Irish Bank.

As we are all aware, Fine Gael ran a very successful campaign during the 2011 election. This campaign ran on a platform that marshaled around one convincing and powerful phrase: “Not one more cent!”. This promise was broken in record time upon Fine Gael and Labour taking office, when the Government stated that the repayment of the bondholders was paramount to securing funding from the so-called Troika (meaning Threesome in Russian) of The European Central Bank, The European Union, and The International Monetary Fund.

This out-and-out lie was proven false almost immediately. There were NO provisions what-so-ever in Ireland’s bailout deal, which sets the requirement of the repayment of bondholders. In addition to this revelation, Enda Kenny and his cabinet stated on no uncertain terms, on more than one occasion, that not only were they planning on repaying 36 billion of the Irish taxpayers money to these bondholders, but that they did not even know who these bondholders were!

Without further ado, let People For Economic Justice clear up any confusion the Government may have about who the bondholders are.

The Bondholders

List Of The Bondholders

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