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Thread: Lookout Australia, check your purse and watch the cupboard.

  1. #1 Lookout Australia, check your purse and watch the cupboard. 
    The Enchanter westwind's Avatar
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    Old Mother Hubbard. The seven veils of Economic stability. Whatever. The Australian Economy is travelling real well at the present time, ( March,2012 ), or so Treasurers and Prime MINISTERS would have us believe. I've had another look at it. I don't like what I see. Or don't see. We have no petty cash. Oh, it's easy to talk in Billions of dollars but what about the footpaths in front of my house? The bitumen road in front of my house? The bus thats not there and not going where I want to go anyway? And I am only 13 kilometres from the CBD Melbourne. No ready funding for much needed Infrastructure. Plenty of Investigations into Projects on the drawing boards, a few million here, a few million there, lets look into this... always the mirrow answer. The old reliables are always there...lets manufacture more cars...we can't fit the cars we've got on what roads we have... we'll buy a few more trains...they'll be running up the rear carriage of the ones already on the existing tracks, burdened down like transport in Calcutta. No lets face it, I will give it another three years and this Country will be in Recession. It's the inertia you see. I personally can build you a Steam Engine. I was trained to build Steam Engines. I haven't met anyone lately that can build anything. And that goes for Countrywide. You will glean all you need to know by Googling up "" The Grattan Institute Victoria Australia "" and referring to their "" Productivity Growth Programme "" 2010/2012. So don't be fooled by Power Play and lets roll the note printing presses and lets get this Economy moving.

    Just Pray that when They take theirs and run, that they leave half a loaf of bread and some onions in the Cupboard. westwind.


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    The Enchanter westwind's Avatar
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    Check the World Wide Economic situation lately? Try Spain. House prices can't fall any further? I s the Pope a Catholic? Have we got enough Trade Goods? Have we Furkee.!!! Still, there's always land fill. What's China going to make tomorrow? I mean their in-house Consumer Policy, ( we'll make western style clothes and fashionry for our own people, big Market there. ). They are saying that Australia's Population is likely to increase by 50% in the next 40 years. Hope they all bring plenty of money with them. We can't house the people already living here. Another thing. They'll never make another wheelbarrow in Australia. Our Manufacturing Industries, suffering from high overheads, cannot compete with off-shore supply. So they can't get out quick enough. Still, don't worry, it's the Football season and the Olympic Games are coming up. Australia, you've never had it so good. westwind.


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    Forum Professor river_rat's Avatar
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    Hi westwind

    I'm a bit confused, what are you proposing and predicting here?
    As is often the case with technical subjects we are presented with an unfortunate choice: an explanation that is accurate but incomprehensible, or comprehensible but wrong.
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    The Enchanter westwind's Avatar
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    Hi river rat. Thanks for Posting. You and I should hit it off, me being born on the banks of the Murrumbidgee River in N.S.W. Well might you ask what I am predicting here. First, what am I Proposing here? 1ST World Economies are not as structually sound as a lot of middle class Westerners would like to believe. Has the time come, (as maybe inthe current Election in France ), that our Consumer built economy should be reviewed. I believe so. National Governments will inevitably have to return to Nationalisation of Services, ie; Transport, Energy Sources, Financial Institutions, Health Services, Supply of Housing, and all Water Resources. Why? Well all the little Fish will be Gobbled up in a Laizza Faire( Capitalist ) Society. Then there will be one Big Fish left in the Wealth Pond-- and you know what, the poor Bastard will have nothing more to eat, and will die and stink. So National Governments will of course have to be Centralised in Their Administration of the Nations Resources, ensuring a basic living Standard for all citizens, a living standard geared to the amount of Revenue available. Am I looking forwards to the days when this will happen? A little pruning and levelling out of our present Life Styles? Why not. I believe we could benefit from a Cultural change in morality values, a certain contentment in the regulation of day to day responsibilities, and a lifetime of certainties. Yep, we'll all drive Volkswagons, if we can find some way of fueling them. This small intelligence covers both Proposals and Predictions river rat, what is your opinion? westwind.
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    Quote Originally Posted by westwind View Post
    Hi river rat. Thanks for Posting. You and I should hit it off, me being born on the banks of the Murrumbidgee River in N.S.W. Well might you ask what I am predicting here. First, what am I Proposing here? 1ST World Economies are not as structually sound as a lot of middle class Westerners would like to believe. Has the time come, (as maybe inthe current Election in France ), that our Consumer built economy should be reviewed. I believe so. National Governments will inevitably have to return to Nationalisation of Services, ie; Transport, Energy Sources, Financial Institutions, Health Services, Supply of Housing, and all Water Resources. Why? Well all the little Fish will be Gobbled up in a Laizza Faire( Capitalist ) Society. Then there will be one Big Fish left in the Wealth Pond-- and you know what, the poor Bastard will have nothing more to eat, and will die and stink. So National Governments will of course have to be Centralised in Their Administration of the Nations Resources, ensuring a basic living Standard for all citizens, a living standard geared to the amount of Revenue available. Am I looking forwards to the days when this will happen? A little pruning and levelling out of our present Life Styles? Why not. I believe we could benefit from a Cultural change in morality values, a certain contentment in the regulation of day to day responsibilities, and a lifetime of certainties. Yep, we'll all drive Volkswagons, if we can find some way of fueling them. This small intelligence covers both Proposals and Predictions river rat, what is your opinion? westwind.
    Unfortunately, we do not have a capitalist market in any country today and we have not had any in a long time... What we have are the very rich and governments running/controlling markets and money at the expense, on the backs, of everyone else.

    The problem with the economic system the world is in now is that governments cannot insure, or support, basic living standards for all citizens. Their chosen mandate is to keep GDP moving/flowing/growing and due to regulations (which wealthy people and companies push) make it just about impossible for common people to participate in any market as owners/entrepreneurs. Most common people are delegated to being workers and investing in workers is a foolish thing to do when government are giving wealthy people and companies money (directly, through banks, through the stock market, by way of bonds, etc..) that they can make more money on by loaning it to other governments or by pumping it into stocks and futures that governments are pouring money into (driving prices).

    You see, why hire someone to work and run the risk of losing money, or at best, making very little, when you are part of the biggest and easiest money creating scheme the planet has ever seen? Why hire someone when you can have central banks hand you a 100 billion dollars, turn right around, give the 100 billion right back to governments and get 101-105 billion back in just a few months? Why hire someone when you can get 100 billion and invest in buying stocks of companies that governments just gave billions of dollars to (directly, bailouts, tax cuts, loop holes, and/or even favorable regulations limiting their competition) and/or are flat out buying company stocks? You can take that 100 billion and turn it into a 125 billion over night.

    It is limited and regulated small businesses that hire people. They have no choice but to hire people if they want to make money. They are not inside the big fish, fish tank. They are outside of it.... Never to be really wealthy and to be put out of business unless they join the scheme.

    Governments can also print/create and tax all the money they want but, the creation and taxation of every bill only hurts those who are not very wealthy, and it never hurts the wealthy. The wealthy are part of the money making/creating system, and no amount of taxing or spending will ever hurt them in this global economic system. It is always the people who are outside of these money making schemes that have to pay every dime back through a reduction in the quality of their lives.

    If one wants capitalism, the money should go to its rightful owners, it should go to those it is being stolen from, and that is the people....... and regulations should be limited and companies and governments should have to go back to competing with each other for the peoples money. That is capitalism.
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    The Enchanter westwind's Avatar
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    Dear gonzales56. Like to see your expertise on World Economies Threaded more often. Very informative. I belive there are chinks and cracks, almost brittleness, in the way the Wealthy Powerbrokers balance and juggle Policy. Remember in the fuedal times in the English Economy, the so called Aristocracy ( read Blue Bloods ), were cementing Policy Systems in place through their control of Parlimentry Procedures ensuring the Workers were kept in their place? Well, i feel now our would be Aristocrats have their skates on keeping that yard in front of Legislation by a Socialist Government that may be more general in future in World Economies. Yes, the Wealthy Powerbrokers are corrupt in their dealings with the Society underpinning them. All kinds of arguements are brought forward justifying their actions and manipulation of the Revenue Stream. The Media makes or breaks them. Hence the wealthy fight to the death to maintain their influence in all Media outlets. Our Elected Representatives go to their Parlaments to legislate for a fairer deal, but the Media strangle them. But the Day must come, hopefully not through World wide Depression, when Governments regulate more fearlessly in favour of the Citizens. westwind.
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    Quote Originally Posted by westwind View Post
    Dear gonzales56. Like to see your expertise on World Economies Threaded more often. Very informative. I belive there are chinks and cracks, almost brittleness, in the way the Wealthy Powerbrokers balance and juggle Policy. Remember in the fuedal times in the English Economy, the so called Aristocracy ( read Blue Bloods ), were cementing Policy Systems in place through their control of Parlimentry Procedures ensuring the Workers were kept in their place? Well, i feel now our would be Aristocrats have their skates on keeping that yard in front of Legislation by a Socialist Government that may be more general in future in World Economies. Yes, the Wealthy Powerbrokers are corrupt in their dealings with the Society underpinning them. All kinds of arguements are brought forward justifying their actions and manipulation of the Revenue Stream. The Media makes or breaks them. Hence the wealthy fight to the death to maintain their influence in all Media outlets. Our Elected Representatives go to their Parlaments to legislate for a fairer deal, but the Media strangle them. But the Day must come, hopefully not through World wide Depression, when Governments regulate more fearlessly in favour of the Citizens. westwind.
    I appreciate the kind words westwind... I also believe that your country's tax/economic policies are headed in the right direction for the most part, however, I am a skeptic concerning the amount of courage within politicians and the words and promises they all spew.


    1. The Australian government promises to have and maintain a surplus.
    This stops the wealthy from stealing money and value from the people and it stops the people from having to undergo unjust reductions in the quality of their life because governments and the wealthy stole (flat out and by devaluation) their money.

    2. The Australian government is promising to give a large piece of the surplus to the people.
    This promise is critical. The wealthy cannot be allowed to get their hands on this money, the money should go to the people, and companies and politicians should have to compete against each other and earn that money, directly, from the people.

    3. Surplus money to help companies compete
    They can save this money by reducing restriction and regulations for small businesses but, money will at least help them compete (as long as they use it correctly). The costs to small business' to meet the requirements written by much larger companies does nothing more than prevent small companies from growing and hiring. Giving them money so they can afford to pay to comply with more restrictions and regulations in-order to grow and hire new employees will help them. However, if they are allowed to use this money to play in the stock, bonds and futures markets then they will be doing nothing but taking the peoples money and giving it to the rich (companies should not be allow to do this with these funds).

    4. Small business tax breaks.
    Hopefully no tax breaks are going to be given unless companies are going to use that money, first and foremost, to grow that specific business and hire new employees.


    Australia also has a floating currency. This means that their currency is actually pegged to global supply and demand on the products they consume/use and produce/sell. Your country consumes/uses a wide range of products (as most nations do) and your nation relies heavily on producing/selling/exporting materials and goods from mining and agriculture. It is not a bad thing to have ones currency pegged to mining and agriculture.
    Last edited by gonzales56; May 9th, 2012 at 02:51 AM.
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    The Enchanter westwind's Avatar
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    Your current observation of the Economic Position taken by the Australian Central Government is spot on. Certainly could use your expertise as a backup. Our Treasurer has just brought down the Annual Budget covering most of the Fields you have mentioned. It is difficult for me to accept that our democratically elected Prime Minister, Julia Gillard, is, apparently,according to influencial State Newspapers, not liked. In fact, if you follow their line of intelligence, She is the most unpopular Prime Minister ever. The Media cannot get Her out of Office quickly enough. I'm not young in years anymore, I've seen Politicians come and go, but for mine Mss Julia Gillard is right up there Politically with the best of them. Her Brain function is sharp and perceptive, her understanding of Multi- Nationals and their Shareholders and their influence in this Country is upsetting for CEOs trying to maximise Dividends. No doubt whatsoever the Big movers and shakers want her gone and quickly. They will, and are, ready to outlay any amount of money inducements to discredit her efforts to redistribute some of the Mining wealth being generated by World Wide interests in Australia. Opposition is vitroliatic(sic) and desperate, seizing every opportunity to belittle Her wherever She appears, with the support of the Media. She is one tough Lady. Very Intelligent. Very Bull Dog. Not easily broken. And has my full support.
    gonzales56 American Publishers have a new Book out, 2011, by Sylvia Nasar, titled Grand Pursuit. Published by Simon & Schuster, New York. The story of Economic Genius. There in is a History of 20/21 ST Century Economists, from Engles and Marx through to Iving Fisher and on, with their formulations of Economic Policies covering Structure and Nature of Production, Profit, Employment, all this leading in the direction of future control over variables that cause Boom and Bust, Recessions, Unemployment and Run-away Inflation. My small contribution from a long Life of trying to balance my books leads me to beleave that it is the availability of cheap finance( credit ) that is made available to entrepeners and get rich quick Speculators to promote Schemes doomed to failure. This money is offered through the Banking Organisations, you can have it by the bucketful, they stuff it in your pockets, they ring you up and ask if you want any more. Then the Shit hits the fan. Nobody can repay anybody. The Banks bunker down. Dragging the Economy with them. I ask this Question? Whose side is the Banking Corporations on? I guess the answer is, their Shareholders--nobody else. Have they got Dick Heads in charge of Money Policies? Or is there someone else who puts the brakes on? Your Library would have this book if you are interested, but I guess you've probably read it before I got my hands on a copy. westwind.
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