Comments on: Ireland second wealthiest country http://bocktherobber.com/2006/07/ireland-second-wealthiest-country/ Sat, 11 Feb 2012 21:35:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: QJS http://bocktherobber.com/2006/07/ireland-second-wealthiest-country/comment-page-1/#comment-86 QJS Wed, 12 Jul 2006 16:03:03 +0000 http://81.17.252.85/~bockthe/wordpress/?p=130#comment-86 I agree wholeheartedly with your views Bock. It seems the indicator of "wealth" is based on how much people owe banks and how much the financial institutions have pushed the value of property in general in an upward spiral. I read recently that people in general had short term borrowings on average in the range of €30,000 but that was ok as the average value of a house was €250,000. The scam here seems to be that the financial houses seem to want to turn the entire population into bonded slaves, lending us money beyond our means to repay in both short and long term borrowings.<br/><br/>Interesting that Japan are the only nation to surpass us. Oh yes they have mortgages that can run for 90 years or from generation to generation. I wonder will that catch on here. <br/><br/>My dear old Dad had an expression about banks. He used to say they would squeeze a borrower like you would squeeze an orange, "untill they hear the pips squeak"!<br/><br/>We no longer make anything here, our economy is almost entirely based on the service sector. In the face of cheaper production costs in eastern Europe and increasing interest rates how long will it be before the bubble bursts?<br/><br/>On a more serious note!!!!!!! wealth is surely more accurately measured by the amount of gargle a person can buy during a hectic week maintaining the lifestyle of Mercedes driving pub managers.<br/><br/>QJS I agree wholeheartedly with your views Bock. It seems the indicator of "wealth" is based on how much people owe banks and how much the financial institutions have pushed the value of property in general in an upward spiral. I read recently that people in general had short term borrowings on average in the range of €30,000 but that was ok as the average value of a house was €250,000. The scam here seems to be that the financial houses seem to want to turn the entire population into bonded slaves, lending us money beyond our means to repay in both short and long term borrowings.

Interesting that Japan are the only nation to surpass us. Oh yes they have mortgages that can run for 90 years or from generation to generation. I wonder will that catch on here.

My dear old Dad had an expression about banks. He used to say they would squeeze a borrower like you would squeeze an orange, "untill they hear the pips squeak"!

We no longer make anything here, our economy is almost entirely based on the service sector. In the face of cheaper production costs in eastern Europe and increasing interest rates how long will it be before the bubble bursts?

On a more serious note!!!!!!! wealth is surely more accurately measured by the amount of gargle a person can buy during a hectic week maintaining the lifestyle of Mercedes driving pub managers.

QJS

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