Hello everyone
Hello everyone. The Irish government are pulling a fast one on the people of Ireland. Now, this is in relation to the excise duty increases which are due to recommence on September the 1st, but following massive public backlash, the Irish government have decided now to pause the reintroduction of excise duty from September the 1st and October the 1st. Now, they haven't made a decision on November the 1st yet or either on the carbon tax increases which are due in.
The upcoming budget was which is in a matter of weeks. And Dáil Éireann will resume from their lengthy summer holidays next week to pass through the necessary laws to pursue this policy. But, what's interesting with this is the Irish government have pulled in a massive amount of taxation on fuel over the past number of months. We've seen a massive increase again in petrol and diesel prices, not to mention home heating oil for people who are pushed.
Over the edge. Currently, leader of petrol across the state is around the 184 per liter mark. Diesel is about the 190 to 192 mark. Absolutely pushing more and more small businesses over the edge as well with massive increases in fuel costs and this will have a knock-on effect on the wider economy. We've already seen that with the inflationary crisis right across the country. But, what's also fascinating with this from the fallout from what's taken place in the Middle East is the profits of.
Those companies and the big oil companies, eight oil companies have reported profits of 78 billion euro between April and June. This is interesting, isn't it? This is at the same time they're claiming that there are shortages. Now, according to a lot of reports, there will be shortages because a lot of your reserves are being eaten into. And on top of the reserves, a lot of strikes and attacks are taking place on which energy infrastructure in and around.
Areas such in refineries around the Middle East. And also, most recently, we've seen attacks from Ukraine on infrastructure and refineries in Russia, also, which is having major implications on the price of oil. But, there is a lot of market manipulation taking place in terms of the price of oil, as well, which benefits Trump to a certain extent and his friends from Wall Street. Always looking for an out to make money out of playing the markets to benefit.
Their rich friends, which is the same as both
Their rich friends, which is the same as both sides of the house in the United States. Still represents the same interests in Wall Street, the bankers, and the same corporate agenda that the US always pursues. But, here in Ireland, too, we've also seen the massive increases in taxation with the increases in fuel costs. Because remember that excise duty is still being charged. On top of it, we've seen carbon tax. We've seen VAT, as well. So, the higher the.
Price, the more VAT they pull in. And it's estimated they're about 400 million at the moment ahead of target in terms of pulling in windfalls from what's taking place. Now, when you consider the amount of money they're claiming that they've said spent on given some payments back in terms of excise duty removal or paused excise duty over the next period of time, which had cost up to 750 million euro. The Irish government's plan was to reintroduce this.
Incrementally through 9 cent increases on petrol and up to 10 cent increases per month on diesel. As I've said, this is paused, but they're still pulling in massive windfalls from this as well. So, while they're holding the EU presidency, they're trying to look like the best boys and girls in the class. People should still stand up and take action around what's taking place in Ireland. The cost of living disaster is not going to get any better. I spoke.
“People should still stand up and take action around what's taking place in Ireland”
About it in my video yesterday in terms of the bond market spiraling, in terms of the deck crisis ready to implode, and also in terms of what's taking place with petrol and diesel and home heating oil costs for ordinary people. Not to mention the electricity and further energy bills with more and more households being forced into poverty as we head towards the autumn and winter, which will push more and more people over the edge. So, the Irish government do not.
Represent the people of Ireland. They represent big corporate interests and the interests of the bureaucrats in Brussels and whether they're based in Washington, D.C. Ireland should stand up for the interests of Ireland and not put their nation's resources to be used for the good of the people of Ireland, but they're not. And we've seen that with Whitegate oil refinery. We've also seen it with many unexploited resources right around the country, but this would be an opportunity for the.
Irish government now to push towards renewables. This is part of the net zero agenda right across the European Union, which we know is heading towards this totalitarian state, which entails all of its other horrors, such as digital currency and digital ID. So, this is what they're heading towards and don't fall for the fast one that the Irish government have pulled with this.
