Saturday, 4 October 2008

The Runs

I read something that made me laugh yesterday. It was this talk about the Irish guaranteeing all deposits in Irish banks. Well, so much money is pouring into Irish banks- from overseas savers looking for a 'life boat', that if the process continues all the money in the world could end of in Ireland and therefore there would be no way that the Irish could possibly guarantee it. It becomes self defeating and then the Irish banks collapse because they cant deal with all the administration and the system breaks down. Ha ha. This gets better every day. It appears there is no escape. Problem with that is it will take me down too. It is like being a Noah who dies in the flood. Ha ha.

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