I notice that Julie makes ref to China's big 4 state banks creating a $ trillion which now has dropped off sharply.China has had growth rates of 9-12% for a decade now.There has to be a downturn for structural adjustments and more efficiencies to evolve.The Chinese economy runs on very cheap labour but in reality is not very efficient.It could not grow with our OH&S laws,taxation,regulation etc

The other big positive for China is it's State banks they can create money debt free to equal their growing economy.Our Govts borrow all our money to equal our productivity from private and foreign banks.This is why we have so much debt and cannot grow or have the money for infrastructure.

The only industry that provides money for us to grow is the mining industry.

Prof Michael Hudson in 2009 went to our RBA and asked them why do they not create the new money for growth instead of borrowing from foreign private banks.He was greeted with a wall of silence.

The cause of the GFC is our banking system which expresses increases in our productivity + inflation as debt.This is why we are all drowning in it.

China and Russia have initiated the BRICS trading and financial community which includes Brazil,Russia,India,China and South Africa.This is their hedge against the Western disease of printing money to pay for debt and bailing out financial criminals.China is also sourcing energy/resources in Africa and South America.Our boom will soon end.

The great recession has just begun.

"The great recession has just begun."

Not necessarily. While generally agreeing with your comments about banks and noting that bankers should be put in stocks at least one day a week to have rubbish thrown at them, the point about not being able to sell our vast energy and mineral resources is that we can then use them to finance our own manufacturing and productive industries to compete globally; just as long some witless loon doesn't advocate some form of pricing parity; or more importantly, cutting our own throats to 'solve' the non-existent problem of AGW.

This is very interesting.http://www.youtube.com/watch?v=eg27ul4KhIo&feature=g-all-u Here you will see an interview of Christopher Monckton whereby the EU now want compulsory ID for all internet users.

Monckton says that the EU will break up. He also tells of how the Secret Police and Govt Tax Offices were were used to try and silence him.

We have to watch the Coalition very carefully when they get into power,since we have the NDAA, Patriot Act,Preventative Denention,in the USA and now many attempts trying to censor the internet and restrict our freedoms.

"We have to watch the Coalition very carefully when they get into power,since we have the NDAA, Patriot Act,Preventative Denention,in the USA and now many attempts trying to censor the internet and restrict our freedoms"

What rot; I suppose it is the coalition not Conroy who is proposing an internet filter; and its the coalition not the ALP which is proposing a censorship muzzle based on Finkelstein's insidious recommendations.

And I suppose it is the coalition not the green left which is proposing things like this contemptible ratbag:

http://hauntingthelibrary.wordpress.com/2012/05/23/global-warming-author-says-bar-code-everyone-at-birth/

I suppose the confusion comes from all those death threats the climate scientists were getting.

Cohenite we cannot trust any political party with maintaining our freedoms.If you assume the Coalition will do all the right things without the blow torch of truth to their bellies,then that will be a grave error.Labor are a farce but that does not make the Coalition saints.

When the Coalition start talking like Ron Paul about freedom and small Govt,I will be less critical.Govts follow trends within our populations rather than lead us to a better life.

The Sedition laws should be repealed like Bush's Patriot Act,since Govts cannot keep us safe by with drawing basic human freedoms such as trial by a jury of our peers.

In my mind,the most important docmentary in recent times depicting our monetary enslavement is 'The Secret of Oz' by Bill Still.

L Frank Baum in 'The Wizard of Oz' had deep economic meaning for us all.His book was written at the height of the 1890's Depression.The elites in 1873 removed all the silver money from the US economy and replaced it with their gold.Since they had most of the gold,they assumed most of the wealth.80% of the money during this depression was removed from the economy.In the book Dorothy had silver slippers and not the ruby ones worn by Judy Garland in the movie.The silver slippers represented the currency of the working people and the yellow brick road the gold of the elites which enslaved them on their road in search of freedom.

The Tin Woodman represented the factory worker who needed oil or the liquidity of money to move.The Strawman was the seemingly the ignorant farmer who in all reality knew what the relationship of toil and money really meant.The evil witches of the East and West were J D Rockefeller and JP Morgan.

Dorothy did not realise that she had the secret of freedom on her feet.She had the silver slippers of the productive masses that could set them free.We have yet to realise this reality.

http://www.youtube.com/watch?v=swkq2E8mswI