Wednesday 26 May 2010

The Banking Solution

The vast amount of money involved in banking transactions in Ireland and on the international exchanges accross the world has meant that we, the Irish people must reward our bankers lucratively. Basically millions and tens of millions of euros. Time to question the banks? Right. Department of Social Welfare, Dublin. Per Capita the largest single institution in Europe handling financial transactions on a weekly basis. Almost half a million people weekly are paid unemployment benifit since the recession in 2006. All residents in Ireland are entitled to some kind of Social Welfare benifit. Pensions, Child Benifit, Supplementary Benifit and on and on and on. The only financial institution in Ireland not affected by the recession: Credit Union. A not for Profit institution.
I, Toni Manifesto propose that all financial institutions in the Republic of Ireland should be Nationalised. But not in that Venezuala or Cuba type takeover. Actually maybe more extreme in one way and more sensible in some peoples opinion. The argument by the banks that they handle such vast amounts of money in hugely complex international transactions means that they must compete with the international markets and must pay thier executives and managers international rates that we Irish people cannot afford. Irish Banks are lazy banks. We do need rid of them. I have a solution. The Department of Social Welfare, the largest institution in Ireland expending cash to the Irish population must come together with the most successful group of financial ionstitutions, the Credit Unions of Ireland. Anglo Irish Bank, Allied Irish Bank, and Bank of Ireland as well as Permanent TSB and all ancillary financial groups must be taken over as Government Agencies. If there can be financial wizards within the banking system because of the vast financial transactions then there are financial controllers in the Department of Finance, Department of Social Welfare etc who can match those wizards. If not, get them.
The final solution to all those greed created problems that has collapsed the Irish economy is this: A group of Finance experts made up of Social Welfare financial Experts would join together with a committee of Credit Union Accountants to take control of all financial institutions in Ireland. The Credit Union would play the major part in the banking part. The Department of Social Welfare would regulate the new institutions. All buildings and land assetts belonging to banks would be sold to pay off the countrys deficit. All banking facilities would be transferred to social welfare offices and Credit union offices. The word bank would look for a new name. Like Human.

What Value a Paediatric Nurse?

I'm taking into consideration criticsicsm of my blog. I'm an ultra socialist, an extremist, anti entrepreneur, wimp, not in the real world. So I thought I would show that I have solutions to the problems I have highlighted in this blog. I'll start with values. How much is a bin man worth? How much is a Paediatric Nurse worth? How much is a Broadcaster worth? How much is a domestic attendant (cleaner) worth. What about a teacher? What about an assembly line worker? Builder. Architect. Shop assistant. Clerical officer. Child minder. Solicitor. Barrister. Footballer. Manager. Referee. Social worker. What about a wheelchair user? (employed)



I haven't put a banker or a developer in there. Didn't want to contaminate them. The rest of them I mean. OK. That was an extreme remark. I was listening to a debate on the radio a few weeks ago about the recession and who should take responsibility for it. Who should pay for it. And what will be the future result for the country? I would not be interested in the result for the country as the country will be run by the "Markets" and that doesn't mean the fish market in Belfast. That means the stock exchanges. Run by futures, derivatives and fake computer transactions to keep the multi billionaires multi billionaires.



But the purpose of today's blog is to examine the value of all of the above. If I pick the broadcaster it is highly likely that my blog will be destroyed by a virus. That protected species is in charge. Even the government who should be running the country jumps to his/her tune! If I pick the dealer (sorry I didn't get into drugs yet) on the London Stock exchange I'm in trouble again. I might affect the stock prices if I get too many hits on my site! So I'll do what everybody does. I'll pick on the hospital nurse. I am going to apologise to the rest of you nurses and all the angels and saints who look after the sick, handicapped and disabled in our health service. I really don't think any of you would mind if I highlight the Paediatric Nurse. You see the programme I was listening to was explaining about the banking system. Defending the huge salaries, pensions and bonuses of banking executives. The argument was that the cuts to €500,000 to executives of Bank of Ireland, Allied Irish Bank and Anglo Irish Bank was justified. To support this some idiot confirmed that a senior executive of an Australian Bank had a salary of AU$6 million per year. It came out in the debate that that type of income was necessary because of the complexity of running a bank in modern times. All these figures are really, really complicated, complex.



Yes. That must be true. You know the way we do schemes in the British Isles to get people back into employment? Educational schemes. And you know the way there are lots of really, really really well educated students coming out of university with no job prospects? And you know how the industrial scene is so short of bank managers that can earn between half a million euro/dollars and six million dollars a year? Can I publicly address this request to the two Prime Minister's of Ireland, Brian Cowan and Britain's David Cameron? How about a training employment scheme for ten thousand people on how to become a Bank Executive? We could then discover all the secrets of how to defraud a country (sorry run a bank). We could also flood the market with all these really intelligent bankers (I was tempted to use the W word!) Yes we are expected to swallow the excuse that the reason why bankers need to be paid six million dollar wages, six million dollar bonuses and six million dollar pensions is that running a bank is so absolutely complex. So mind bogglingly difficult! Why did I pick a 24 year old Paediatric Nurse to defeat the sick and obnoxious idea that bankers are something special in our society. Bankers were the foundation of capitalistic dogma. When the banks were floated on the stock markets and went out of the Co-Operative and Credit Union type of financial system it was obvious that greed would take over. Shares in a bank! The joy of a venture capitalist. Now I will continue with the real complexities of life. I do so in sincerely hoping that the entire banking system will be banned in the UK and Ireland. That those involved in criminality within the financial services industry will take the places of those who were jailed for being unable to pay their TV licences, pay their mortgages or buy food for their families.



The Complexities of a Paediatric Nurse as opposed to the Complexities of an Executive Banker: 6.15 am. Get up and wake kids. Kids don't need to get up till 8am but nurse needs to be in at 8am. Get kids ready for school. Drop them off at baby sitter 7am. Go to work 8am to 8pm. Arrive 30 minutes early to exchange reports with night staff. To make sure the priority of those babies in danger of death within 24 hours are highlighted. Complex duties of a banker: Making sure the rich stay rich. Complex duties of a Paediatric Nurse: Eight children in ward as I arrive. Three new born's. Two critical, born early. Intubated one for surgery as soon as Paediatrician gets time. Parents to meet. Distracted. I can understand. Baby in fit. Emergency. Cardiac arrest. Eight of us go. Got her fixed. She's still alive. Going to theatre with baby A. Heart tubes wrong way round. This is really complicated. Trying to find his veins. I only qualified two weeks ago. This tiny little thing. I'm scared I will hurt him. The top Paediatrician is waiting on these bloods for theatre. I cant find the vein. Got it! Quick! Get him prepared. Go to theatre! First time I've watched an op. That man is a genius! Such a tiny, tiny little heart. To see Mr --------- working on a baby born eight weeks premature.

Bank of Ireland Clones County Monaghan Republic of Ireland. Wednesday morning. Notice says training. Opened at 10.30 am instead of 10 am. Closed at 12.30 pm. For lunch. Opened at 1.30pm again. Closed at 4.pm again. What if there was an emergency? Sorry. Snap out of it. 10.30 to 12.30 two hours. 1.30 to 4pm. Two and a half hours. I was in a hurry. Only 4 and a half hours opened? $6million? €127 million from Anglo Irish. €1.25 million bonus? Complex? Is it more complex finding the vein of a new born baby being prepared for heart surgery than it is for a major banker transferring ten billion Euros from one billionaires account to another billionaires account? Wake up world. It's important to have financial freedom. Capitalism is OK. So is socialism. Why does it have to compete and all be so unfair. Political dogma is creating billionaires and Cuban falsities.