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The Forum > Article Comments > Yes, a jobs crisis is building > Comments

Yes, a jobs crisis is building : Comments

By Syd Hickman, published 17/2/2014

Abbott believes it is all about individual firms, dud managers and greedy workers. Let them go broke and the economy magically creates new jobs.

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nice piece
Posted by Chris Lewis, Monday, 17 February 2014 7:34:03 AM
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THERE IS NO JOBs crises..THERE IS A WORk crisis
give the right conditions..and people will wORK

BUT TAX THEM WITH PUNITIVE TAXES/fees fines levies
[revenue raising for bankers interest..when goVT CAN ISSUE ITS OWN COINAGE]..THATS THe problem.

coin cant be taxed..but thus has bankers alloWED DEFLATED..the face value of the only tax-free/legal..AND LAWFULL tender..to devalue]VIA INFLATING THE ISSUE OF PRIMISE NOTE THE value is built on.

i could run social security..ON ONE PERCENT..OF THE MONEY..presently expended..but will explain..how for half

in one stroke pensions etc can be halved
how..simply by paying in coin..tax free..[IF I COULD PAY..IN TRUE TRADITIONALLY VALUED COIN.]

give me the payment..in coin..i pay them..in true valued coin
[its estimated..inflation has debased THE COIN..200 fold..so we revalue the face of all coin..by half that..[100 FOLD]

i will pay you..double your pension..by face value of the coin
think like the holly dollar/one stamping..you got two new coins

there will be thOSE..traditionally impoverished..WHO GET THE RESTANPING FRANCHISE[THERE WILL BE MINTING ERRORS GALORE[INVESTERS LOVE MINTING ERRORS..anyhow..the coin comes in..[say a fifty cent piece]..its stamped..with a die..and revalued..at 50 dollars

all must KNOW,..50 CENTS NOW = 50$
all of a sudden..our small chanGE is back to its true constituted values..one cent=one dollar..5 CENT=5 $..10 cent=10$..a dollar coin=100$..two dollar COIN=200$

COMSUMERS CONSUME..jobs jobs jobs
save your pennies..cause their historically..the only real value

EXPOSE..THE DEBASEMENT..of hrh coin
RESTore the values..by her decree..[debasement=treason]
govt takes back..full control of coin/note remain unchangED/DEBT UNCHANGED..BUT NOW WE HAVE..the means to survive..its about faiR values

A FAIR DAYS WORK
FOR A FAIR DAYS PAY
PAY OFF THE CREDIT CARD..WITH YOUR SMALL CHANGE
now we refound our values?..i now doNE MY JOB..GIVE ME BACK MY FAIR PENSION[IN COin]

add to other demands
http://forum.onlineopinion.com.au/thread.asp?discussion=6152&page=0#178808

next court date=6 may
johannine*
Posted by one under god, Monday, 17 February 2014 8:43:57 AM
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Syd
look I know you've been peddling this stuff for a while but protectionism is now very old fashioned, in Australia at least. A large part of Australia's current prosperity is due to the unwinding of layer upon layer of protection, ranging from agrisocialist meat/egg/chicken/whatever-marketing boards, through to enormous tariffs on all manufactured goods.

There are still elements of this wasteful and unproductive policy around, but hopefully it will continue to fade. Unemployment is climbing for various reasons, but in part because the resources boom has come off the boil, not because the govt is letting the car industry go, finally.. .
Posted by Curmudgeon, Monday, 17 February 2014 9:39:13 AM
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“It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.”
Thomas Sowell

Ho hum, the economic illiteracy of the socialists is without end. Here they are popping up again, offering to solve the problems of scarce capital. But wait. According to Syd, one of the reasons we need industry policy is that there is a surplus of capital". Yet later, the reason for his bald assertion that government will need to "lead in the transition to the new economy" is his bald assertion "that returns on capital will be too long-term and risky for large private sector commitment".

Bit of a fundamental self-contradiction there, Syd? Which one is it - too much capital or not enough?

Of course, the fallacy underlying the whole piece is basing the entire argument on talk about "we":
a) without defining who that is
b) without explaining why that particular collectivity should be the decision-making entity
c) as if Australia is just a big farm owned by Kommisar Syd, and we are all his little sheep
d) without taking into account the coercive nature of what is proposed
e) without knowing whether those same resources might not produce more and better benefits, in Syd's own terms, if left in the hands of their owners and producers
f) without taking account of the conflict of interest within the monolithic "we" between those who will benefit from coerced takings, and those who will be reduced or ruined by them
g) without explaining why, if the assumption that government knows how best to allocate scarce resources to satisfy the most urgent and important human wants, this assumption only applies to some industries, and not all.

"The third focus must be a new social contract ..."

What do you mean a new social contract? I can't recall signing the old one,can you? Oh that's right, it doesn't exist, and London to a brick Kommisar Syd will evade answering this complete demolition of his flatly untrue premise:
http://economics.org.au/2010/08/no-social-contract/
Posted by Jardine K. Jardine, Monday, 17 February 2014 9:40:22 AM
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The second big crash is not far away. The debt is the problem and Labor had a big hand in creating it.

Labor was also instrumental in selling off the Commonwealth Bank and 4 state banks. We no longer have any monetary sovereignty and must borrow increases of productivity and inflation into existence as debt mainly from OS central banks. This means the more growth we have, the more debt we incur.Hence unemployment rises.

Barnaby Joyce has floated the idea of a Rural Govt Bank for the Farmers. This would be an excellent start.
Posted by Arjay, Monday, 17 February 2014 10:17:22 AM
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Oh, dear. Poor Syd-ums.

You and your 80s Keating fire-sale gang sold off virtually every government enterprise that wasn't nailed down. Now that we've had a decade or so to pretend we were prosperous because we were spending all that spare cash we got from flogging the family silver, the windfall's run out and there's little else to sell off.

And, darn it! All the revenue earnings those sold-off government enterprises were reaping for decades past haven't been going into the nation's coffers for a couple of decades since. Instead, we're left only with those leftover bits of the public service that the private sector didn't want because it didn't make them any profit. And the corporations we sold everything off to have either gone elsewhere or are putting their hands out for a bigger slice of the corporate welfare pie.

I notice that Syd didn't have much in the way of ideas for the future after canonizing our glorious privatised past (aka the public wealth sell-off we had to have).
Posted by Killarney, Monday, 17 February 2014 10:17:40 AM
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