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Corrupt Risks to Credit Unions in Ireland.

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There are very serious risks for the wider credit union movement in Ireland.  

Even the biggest, strongest and safest credit unions – positions earned and achieved from decades of hard work, prudent management and massive support from credit union wide members, will only be insulated from the risks for longer than most others.
It is a dastardly apparent corrupted situation that even the strongest credit unions can realistically expect to prosper in the light of substantial and in many cases, UNWARRANTED obstacles being placed in their way by legislators and regulators.  
Changes introduced in 2011 relate to how a credit union is governed. Most credit unions have embraced these changes without reservation as being essential to maintaining a safe and secure movement.  
In a more critically untoward way however, there have also been changes IMPOSED which leave credit unions at a DISTINCT DISADVANTAGE to other regulated lenders. Excessive restrictions enforced through regulation is like a #cancer – #KILLING #CreditUnions and is making it IMPOSSIBLE for even the biggest and strongest credit unions to function in a commercial manner.  
These unnecessary, questionable untoward restrictions are putting credit unions at a serious competitive disadvantage to #BANKS by forcibly making it harder for credit unions to take in and retain #DEPOSITS and preventing them from meeting credit union members’ demand for the type of loans they require, which many credit unions clearly have the capacity and ability to provide.  
The weaker credit unions will suffer the consequences first, but eventually the strongest will also suffer. This means that even the biggest and strongest credit unions will eventually have to succumb to the Banks. Bear in mind these actions are being taken by the people you have elected as politicians to represent you.  
All members of credit unions need to take serious urgent action to safeguard their future.
During 2016 two striking examples of how excessive, unjustified unfair regulation hindered the business of some bigger credit unions. This regulation effects growth potential and therefore credit union services for members in the coming years.
1. Firstly, some of the bigger credit unions are now able to offer #mortgages to their members. The members responses to the initiative was overwhelmingly positive. However it rapidly became apparent that, with the level of demand from the members, the credit union would require significantly more latitude from the #Regulator to meet the demand. It can be confirmed that application to the #Regulator to increase the mortgage lending to meet the demand from credit union members has gone unanswered. Are we surprised? The regulations as they stand means that credit unions can only lend out 15% of their total loan book for loans of greater than 10 years. This equates to just 5% of what some of the bigger credit unions have in shares. It is INCREDIBLE that these credit unions can in theory lend 95% of their shares in unsecured lending and only 5% secured on the members homes. This is also clearly counterintuitive when considered in the context of the HIGH DEMAND such credit unions have from their members, as well as the worsening housing crisis for credit union members. Discussions with the Central Bank are ongoing, with a view to having the unfair restrictions adjusted.
2. Secondly, almost all credit unions in Ireland are now restricted to a ceiling of €100,000 in deposits per member. This has been brought about to bring the limits in credit unions in line with the guarantees that apply. ALTHOUGH THE SAME GUARANTEES APPLY TO ALL FINANCIAL INSTITUTIONS, NO SUCH LIMITS OR RESTRICTIONS APPLY TO #BANKS. This is blatantly, indiscriminately, unfairly putting credit unions at a serious disadvantage, illegally, unjustly damaging the reputation of credit unions and effectively coercing and forcing credit union members to place their funds elsewhere.
3. So in essence, credit unions are not permitted to meet the demand for mortgage loans for their members. At the same time, credit unions are being restricted in the level of new funds they are permitted to accept from members.
4. These restrictions have been gradually introduced since 2011 at a time when the state held and still holds a declared interest in ensuring that Irish #Banks remain viable and profitable – YOU CAN DRAW YOUR OWN CONCLUSIONS FROM THIS. Unfortunately however, ONE THING IS VERY CLEAR, the future for Credit Unions in Ireland has never been more uncertain. The Director’s and leadership in credit unions are very deeply concerned about this and are engaging with various stakeholders in order to try and influence a positive future for credit unions.
The Irish central bank has nothing to be proud of and cannot be trusted. It is a pity they did not take required actions against the main banks when they should have.
People need to wake up and take strong action to protect their credit unions against the major untoward actions being taken against credit unions in favour of banks.
Anyone that can should collect and collate intelligence of all forms – digital, voice and paper based on all interactions between the Banks and any representative of governance in Ireland, legal firms, accountants and judiciary and be prepared to furnish same to any organisation that can take the necessary steps to bring obviously corrupted collusion between the Banks and the powers that be to justice.  

  • Obvious nefariousness must never be allowed to succeed to the benefit of banks and their greedy shareholders.

Monetary Bubble next big Fiscal Crash and Mega Recession.

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A Simple monetary bubble will be the next big fiscal crash and mega recession.

Looming on the horizon is the mother of all recessions! It will tip the scales of reasoning and bring total world chaos, civil disorder and a war to end all wars.

Just in the same way as all the gurus and the self-interested political leaders would not accept that there would ever be a property crash, which we will never exit, an actual MONEY (hard cash) crash is looming on the near horizon. Put simplistically it will be brought about by a major world reduction of hard cash/money availability – money in your pocket or in your banking account.

There is additionally, as in the property crash a simple reason that will bring this fiasco to reality.

As already super rich individuals and organisations increase their wealth year on year by as much as 50%, even during recession, actual wealth / currency for governments and the remainder of the populous and smaller businesses will dry up.  Interest rates will soar to unsustainable levels as demand for credit increases. The wealthy and wealth organisations will make their final killing!

The greater wealth of the world will be controlled by fewer. There will not be sufficient currency to go around to sustain the remainder of the peoples.  BANG!

Greed, avarice, corruption are totally blind to all of this and the way in which it is developing, manifesting itself and growing out of control more rapidly each month!

Failure of proper governance the world over has played a big part in b, as history shows!

Think you’re in recession now? Well’ just wait and see. You can’t say you haven’t been warned, not that you as an individual can do anything about it anyway.

My findings are based on information that is available to most people, if they only knew how to do their sums.

End. Sun 6 October 2013.

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Financial and Mortgage Arrears Resolution Processes in Banking and in other Financial Institutions in Ireland. The People behind the Processes!

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Serious comment and information for your perusal and for your consideration based on a personal experience.

Are they fully qualified and what is their mean age?

What experience do they have and how long are they working in this sector?

What motivates them to do SO MUCH HARM and CAUSE SO MUCH STRESS and DEPRESSION to other citizens who are already under severe stress, depression and living in total daily fear and hardship with no end in sight?

Are they working under any form of bullying, duress, pressure, stress, meeting target objectives, with an ultimate fear of losing their jobs, from previously inept management still at the helm or otherwise involved?

Are these workers under so much pressure that they make mistakes likely to have grave outcomes for citizens in financial distress and suffering from severe depression?

Are all of these workers fully vetted from a security perspective? Did they ever work for other financial institutions in Ireland or abroad?

Do they have any conflicts of interests viz-a-vie their employ?

How can affected citizens feel happy and be fully assured that their identity security, privacy, business secrets and other personal, confidential, sensitive information expected to be submitted by them on a Standard Financial Statement (SFS) will be kept safe and secure? How can citizens be fully assured that credible security, data protection and other norms are constantly maintained safely, securely and away from prying eyes that could otherwise benefit by the critical information expected to be submitted on an SFS? How can citizens be sure their personal confidential information that people working in these institutions, and God knows where else they worked will not illegally make use of such information. How do they know who will actually see this information. Whose laptop, iPad, tablet, computer could it end up on? Such devices are regularly stolen – most unreported or the data was hacked, as is the norm nowadays because totally inadequate communications security is in place.

Are Standard Financial Statements a means of extracting inappropriate information about citizens while they are under extreme stress, depression and duress?

Outside agencies/organisations purporting to be assistive to citizens in fiscal distress should be avoided like the plague once they insist on fully completing an SFS! The financial institution will tell you YOU MUST fully and accurately complete an SFS before they can begin a process with you and assist you. THAT IS A LIE! YOU WILL NEVER RECEIVE ASSISTANCE. AT THE END OF THE DAY YOU WILL STILL HAVE TO PAY EVERYTHING BACK RIGHT DOWN TO THE LADST CENT OF ANY ADDITIONAL INTEREST ACCRUED. THEY HAVE NO ASSISTANCE TO GIVE YOU.

Despite what they say Banks in particular in Ireland are still not fully financed – more lies by an already totally untrustworthy financial organisation.

What they actually mean by helping you is to get you to incur and accrue much more interest!

They will take your home anyway, a process that is being more easily provided for by your elected representatives in government.

NEVER complete a full SFS and never submit documentary evidence in support of it. Instead make a statutory declaration. The EU and World court will back you up on this!

Are employees of banks, building societies and other financial institutions totally satisfied with their employment conditions and do they have faith, fear, loathing, contempt for any person/s in management? Are appropriate records of staff disputes maintained?

What training have they received and are they assessed on it afterwards by management before its put into use to be absolutely sure they can properly apply the indoctrination in daily chronic stressful situations that WILL arise?

Have they been programmed with selective hearing processes when speaking to the ordinary citizen victims of the very severe fiscal fiasco and recession in Ireland? Does the citizen have an unfair disadvantage here?

Note how people you speak to on such serious matters to you, zero in on certain remarks you may make and force you onto their narrow viewpoint – a form of bullying. Make a complaint to the Garda Síochána if this is done persistently.

Citizens should record all telephone conversations in the same manner as the financial institutions, notifying the person you speak with accordingly and of course complying with Data Protection legislation.

Citizens should also satisfy themselves as to the authenticity of the person with whom they are speaking and take whatever measures are necessary to do so.

Do any of them have actual personal experience / knowledge as to what it is like to be in financial difficulties with a prospect of losing one’s home and household, not having proper food and the total disruption to normal family life, as expected in the Constitution of Ireland? Does their training and assessment after training prepare them adequately on how to deal with such distressed citizens?

Are they aware that what they say to citizens might cause a citizen to commit suicide or commit self-harm?

Are any of these employees of banks and other financial institutions in personal financial difficulties themselves and have they declared such to their employer? Are they aware that any one of more senior management is also in financial distress?

Are such employees who have no financial difficulties made fully aware of what it actually feels like to be in financial difficulties and are they trained accordingly if not?

Are any resolution cases sub-let to any other outside financial organisations?

How is such process engineered and is the client fully informed? Are there any guarantees as to privacy and confidentiality?

Do any of these employees use their personal social media accounts such as Facebook, Twitter, LinkedIn, G+1 etc., to access the social media accounts of victimised people/clients they are investigating/dealing with for any type of information? Have they received instructions to do so from anyone? Are they aware that it is in breach of privacy, data protection and the rules governing acceptability for the use of such social media?

Are any members of senior management of Financial Institutions in financial difficulties and have they declared such?

Are any politicians, within/without government in serious financial difficulties and have they properly declared same?

Are any Judges in Ireland in serious financial difficulties and have they declared such? Remembering they had such a glut of money during Celtic Tiger {(Gaeilge – Tíogar Ceilteach)} times and heavily invested in property and construction, all or most of which they have lost.

How many Judges are presently operating within the confines of a very high conflict of interest? referring to the Irish economy between 1995 and 2008.

Is this matter of the intricate/delicate/life threatening procedures undertaken in the practical day-to-day methodology of the young men, women employees / agents of financial institutions engaged in mortgage arrears processes and other financial difficulty procedures fully assessed or generally evaluated by the Financial Regulator, the Banks and the Government? Do they care?

What effect does untrained and immature individuals have on citizens in dealing with them when they are already suffering grave stress and psychological damage because of indebtedness or otherwise and inability to meet payments, bearing in mind that they have already had to bail out the banks and the state and have been forced by acts of parliament to have earnings such as pay and pension entitlements reduced so drastically.

Are indebted financially overburdened citizens being taken unfair advantage of in favour of austerity measures?

The harsh fiscal penalties grow in the form of interest and adverse credit ratings the more one becomes indebted when in the first instance it is not the fault of most so afflicted by financial difficulties. This is a further cause of unbearable stress. No point in saying people lived beyond their means when they were goaded into such processes by previous government and financial institutions.

In diverting slightly from the main topic, there follows comments that also have some bearing.

Are we minding too many non-nationals, non-eu nationals who have never paid taxes, social subscriptions or done anything for this country accept scrounge off the backs of and totally insult and treat with contempt the hard-working people who reside in and work hard in Ireland.

How are you going to greet the next politician that calls to your HOUSEHOLD?

Do you trust politicians generally? I already know your answer to that is a resounding NO!

Therefore do you think it TOTALLY UNREALISTIC, CORRUPT and an affront to sane state citizens that SELF-INTERESTED politicians you would not trust as far as you could throw should be allowed to govern a nation? Simply does not add up or make sense!

Is the black market in Ireland booming?

Is it time for a new type of financial institution free from government, banking, EU, IMF, and any other type of autocratic regulation?

Remember, the people are sovereign!

End.

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Policing in Ireland has failed as Detective is Assassinated.

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Policing in Ireland has become a disgraceful farce. We now see the Minister for Justice on national television talking on behalf of the Garda Commissioner telling us the Commissioner said he had sufficient resources. When there is a hot potato problem with a different angle the Minister would soon refer the media to the Commissioner stating he was in charge of the police force. Actually the Commissioner is nothing short if a puppet whose strings are totally manipulated by the Irish Government directly by Ministers and a dysfunctional Civil Service.

Lies, more lies like the sh1t we are being fed about the extent of our national debt etc. etc. Garda resourcing will soon be blamed on the Commissioner when just a little bit more goes wrong.

I can tell you the Garda Commissioner is afraid to act on his own initiative or say otherwise than what he is told to say by his puppet masters because he could be readily dismissed by Government as provided for by a certain Garda Siochana Act of parliament. The Commissioner therefore will not put his job on the line or rock the boat simply in order to protect his job.

Government had to fix their controlling system because of their unlawful dismissal of Commissioner Garvey. RIP.

The same Act gives total control of our police force to politicians, who are a self interest group not devoid, as we have seen of nefarious acts, corruption and crime, right to the very top in government.

The Garda Commissioner & his senior officers do not have the balls to confront politicians who actually appoint the former. Irish governments past have consistently focused on dismantling and degrading the national police force thereby negating its effectiveness in order to allow themselves a free hand to get on with their nefarious contempt for the laws of Ireland and its honest hard-working descent people.

I call on the people of Ireland to protest by all legitimate means until a separation of police and politics is completely achieved.

I would call on the people of Ireland to set up a more acceptable governance for Ireland and its now cosmopolitan peoples other than politics as we know it. Politicians need not think that governance and treason has been given them by the constitution.

It is time to establish a national co-operative to govern this corruption riddled country. Cronyism, nepotism and corruption are still rife while the citizens are being destroyed mentally, physically, morally, and financially.

Now that one of our police officers has been brutally assassinated, this present Irish government is content to sit back and push the onus back onto the Gardai to solve their own grievous misfortune without the full and proper resources to do so. Even the Garda fleet of vehicles is vintage 06 & 07 when police vehicles are normally burnt out and unroadworthy in six months.

Crimes reported are not being investigated because the resources are not there to do so.

People are very frightened and afraid because they can see criminality and criminals do as they please without fear of prosecution, conviction and imprisonment. How else could criminals accumulate dozens of convictions each.
The answer is very simple.
This is one of the reasons the detective was executed. There will be more to suffer the same fate and worse.

Democracy in Ireland is only for the benefit if the few and does not apply to the mainstream, backbone, ordinary hard-working people of Ireland.

It is time to take action to give the country back to the people. Self interested politicians and politics has failed and destroyed our nation.

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Recession – What is it?

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Recession is a cultured, calculated fiscal action programme by the filthy rich to replenish and substantially increase their ever mounting accumulation of the wealth of the world.

Ably assisted by Banks, Rating Agencies, Governments, Judiciary & well hung business owners and nefarious corporations.

Simple!
Greedy
Corrupt!
Criminality!

Recession is perpetrated against the world-wide weaker citizen corps.

If recession was not so orchestrated it would not have a start or end point.

Presently the most severe recession created by elites is weakening because the wealthy have made a killing & now have tons of additional capital to invest further, take over more control of property and wealth generally and prepare for the next recession in about five to seven years time. Used to be ten years but they have become so greedy the life cycle before the next recession has been shortened.

Mark my words, the present recession will end so rapidly, many less able and  ill-informed commentators will be astounded and stunned.  They will ask why but, will get no logical answer.  All sorts of floury tarnished tripe will be communicated to the populous by privately owned media, which most people believe and take for granted.

Happy Days are on the way again for the allowed number of years from 2013/14.

Dated: Wed 4 April 2012

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