Euro collapses, Ireland starts printing it's own money (how dare they!) by piratenews

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Euro collapses, Ireland starts printing it's own money (how dare they!)

POSTED BY: PIRATENEWS
UPDATED: Saturday, January 22, 2011 14:50
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Saturday, January 22, 2011 2:50 PM

PIRATENEWS

John Lee, conspiracy therapist at Hollywood award-winner History Channel-mocked SNL-spoofed PirateNew.org wooHOO!!!!!!

End of Euro? ... Ireland Prints $100-Billion of It's Own Notes

Quote:
Emergency lending from the ECB to banks in Ireland fell in December, the first decline since January 2010, but only because the Irish Central Bank stepped up its help to banks. The Irish Independent learnt last night that the Central Bank of Ireland is financing €51bn of an emergency loan programme by printing its own money. ECB lending to banks in Ireland fell from €136.4bn in November to €132bn at the end of December, according to the figures released by the Irish Central Bank yesterday. At the same time, the bank increased its emergency lending by €6.4bn, bringing the total it is owed to €51bn.

UK Independent

Wait... have I just slipped into a parallel universe? Is this some sort of early April's fools joke? Doesn't this defeat the entire point of a single currency and the ECB? Were the rules changed on the quiet without anyone noticing?

Greece.... Greece are going to go f***ing apesh!t. They were forced to go begging to the IMF.... when the Greek people find out the [Irish] central bank is allowed to just print money, they are going to riot and demand tax cuts and benefits rising and massive spending. The Germans... well the Germans are just going to totally lose it. They've been told they should pay higher taxes to help the PIIGS, now they are being told the PIIGS can prints EUROS at will?

It's impossible to overstate the importance of this... this is it... game over. The EU has weeks maybe days left. I this really is true, this is the biggest news story since world war 2 finished, and may even lead to world war 3.

http://thedailybell.com/1690/End-of-Euro-Ireland-Prints-Own-Notes.html

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