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PostPosted: Feb 23rd, '09, 20:49 
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Is true. Off budget debt has not been calculated. Who would want to.....

Is so sad that such a great country could have been so mismanaged by the greedy few.


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PostPosted: Feb 23rd, '09, 21:17 
Sadly Cyara... I think it's more the case of the "greedy many"....

And that greed has imbued an entire generation... and possibly the next to come...

We have been conned..... IMO.... and our entire personal, national, political, financial and industrial systems gravely compromised by false belief and spin doctored stripping of ethics and moral values...

And, whilst I know it may not sit well with you.... the "church"... and more particularly the rise of neo-con evangalism has not just merely aided and abetted... but often driven the agenda and corruption....


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PostPosted: Feb 23rd, '09, 21:50 
Seriously, this cant be healthy.
Seriously, this cant be healthy.
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...Strange thing is, in the world there are more than enough homes to go around

...consider that 90+% of the wealth of the world is held by 5 % of the people

if everyone owned their piece of paradise free hold and had money in the bank
all they would need is to have a BYAP setup for fish and veg,
...would also know their neighbour...with heaps more time on their hands.
...who would know the fruiterer, mechanic, candlestick maker etc etc...lovely story

However we have all kinds of people, with freewill and not always in the best
interest of the greater good

So the question "What is money? IS it sustainable?" I have to think it is a personal thing.
IMO money translates to energy, i.e. you put energy into something to get a result...
The result should be of better economic consequence requiring lest input and less energy
Less waste, less expensive but not “cheaper” because that cheap crap is very wasteful of resource.

If your expenses are less than your income( energy transfer) I would think it is sustainable.

But when your income is more than 1o times average there is definitely something wrong.
And so don’t see as sustainable.

If the company can afford to pay such salaries as multi tens of millions a year to executives
More could have been paid to wages, save or paid off dept ( at least retired some )
they would have had fat bank balances
But no . We had to go into major debt because it was the best way to avoid tax.
Remember that most of the worlds business is ‘small business’ that employs 1-3 ppl.

Rant over


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PostPosted: Mar 3rd, '09, 07:19 
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Quote:
I think it's more the case of the "greedy many"....


Well, that pretty much sums it up...

We wanted paved streets so we pitched in a few cents and let the government borrow(make up money from thin air) what was needed in exchange for a few freedoms. People and business are doing the same thing. We want what we don't have and this entire system is designed to get you what you can not afford and delay the penalty; if we don't grow then we are left holding the note. No system that requires infinite expansion can stand. Its beyond reason.. Its greed on every level.


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PostPosted: Mar 3rd, '09, 12:55 
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well ... this is my 2 cents.... for what it is worth.....

throughout the time us humans spent on this earth, there has been many ages. the prehistoric age, ice age, middle age, iron, bronze and gold ages..industrial age, space age...

this is the age of money. and like all the others.. it will pass.

humans think as though history will stop at this point we are at now.... but it wont.. we are just like everyone else that came and went through history.... just a blip on a time line.

once the money hungry people and coperations have it all... the rest of us will not be using it any longer... they wont be able to spend it anyway.. for we wont need it.
but waiting for that time is difficult..

it sounds like crap i know... but remember that money doesnt exist.... there is no box in a bank that is full of the money we earn...it is just numbers in a computer.. it doesnt exist in a real sense.

anyway... still have to pay the bills.... even if they arnt real....

but food production.... that is what we MUST take back.


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PostPosted: Mar 5th, '09, 13:58 
Not everyone has been oblivious to the looming and now financial crisis....

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In a system of production, where the entire continuity of the reproduction process rests upon credit, a crisis must obviously occur. There is a tremendous rush for means of payment when credit suddenly ceases, and only cash payments have validity.


Karl Marx - circa 1870

:wink:


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PostPosted: Mar 5th, '09, 14:00 
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Money would make much more sense if you read Ludwig von Mises instead of Karl Marx ;)


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PostPosted: Mar 5th, '09, 14:18 
Ohhh no... not the "Austrian School of economics".... (also known as the "Psychological School" .... :roll:)... concepts of “marginal” cost and value.... classical liberalism and free-market capitalism... :roll:

The Austrian School of Economics advocates a laissez faire approach to the economy, advocate the enforcement of voluntary contractual agreements between economic agents, but otherwise the smallest imposition of coercive force (especially government-imposed) on commercial transactions.

P.S... I've read Carl Menger's 1871 book, Principles of Economics ... and works by Friedrich Hayek ...

I'ts the latest revival and incarnation of such extreme capitalism that's got us into the current financial crisis.... just as it did in 1929....


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PostPosted: Mar 5th, '09, 14:25 
I suppose nothing emphasises the "laissez faire approach to the economics" than the recent banks attitudes to financial management...

OR the CEO of GM... who's company is so debt riddled that it's losing over a $million a day...

"Oh well... let's take a trip to Capitol Hill and ask for the peoples money to bail us out... It wont bother me... I'll still get my $millions dollar salary and bonuses"....

Give me a break.... where's the "free-market" philosophies of the neo-capiltalists when the shit hits the fan....

In our bloody back pockets... and assistance from halls of the very government that they argue should remain outside of the "free market"...

Either stone them, publically flog them.... or let the market drive them into oblivion IMO...


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PostPosted: Mar 5th, '09, 16:18 
Seriously, this cant be healthy.
Seriously, this cant be healthy.
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hear here :cheers:

We are just proping up the greedy pigs anyway ( sorry making them fatter)


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PostPosted: Mar 5th, '09, 21:56 
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RupertofOZ wrote:
Either stone them, publically flog them.... or let the market drive them into oblivion IMO...


+1

However, a nation of cowards is not going to do anything as long as they can "feel safe."


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PostPosted: Mar 6th, '09, 02:46 
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Rupert, I'm going to have to drastically disagree. The current problems with financial business all go back to the fact that we don't have a free monetary system, which is the same as it was in the 1920s.

The fact that governments control the currency and constantly inflate it will continue to cause the boom-bust cycle we've been experiencing since Nero recalled all the Roman coins to debase them and "create" more money to pay his legions. The current incarnation are the central banks like The Federal Reserve in the US created in 1913.

During the last Presidential election cycle here in the US, some people coined gold and silver coins and used them in trade with like-minded individuals and businesses. The FBI confiscated all of them and arrested some people involved. The government absolutely doesn't want a free market.


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PostPosted: Mar 6th, '09, 06:13 
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"The fact that governments control the currency and constantly inflate it "

I think you will find that governments don't control currency or inflation. Neither the Federal Reserve, Bank of England nor the Reserve bank of Australia are under Government control for the inflation rate. In fact the first two are not government bodies.
I am unsure whether this is correct however worth a read
http://www.john-f-kennedy.net/thefederalreserve.htm


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PostPosted: Mar 6th, '09, 08:23 
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Sleepe, technically, that's correct.

In practice, the Fed is quasi-governmental as the board members that make the decisions are appointed by politicians. Some people view the people who run the Fed as the real powers behind the government since they control the money. Others view the Fed as a mere puppet of the government because they print as much as the government wants to borrow and forgives the government's principal payment each year. Still others view them as 2 parts of the same body. I don't know of anyone that considers them truly independent of each other.

Regardless of how you view the situation, there is an organization that controls the currency. This alone is sufficient to prevent a free market in money. Add to that the fact that the central banks have always added to the money supply just makes things worse because continual inflation is an incentive to borrowers and a disincentive to savers.


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PostPosted: Mar 6th, '09, 10:03 
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No disagreement Tamo :) esp "Regardless of how you view the situation, there is an organization that controls the currency".

Find those who control the pollies who theoretically appoint the Board who theoretically have control of the Banks. :)


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