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The Forum > Article Comments > Debt warnings should be heeded > Comments

Debt warnings should be heeded : Comments

By Julie Bishop, published 25/10/2012

The risk is about the shape of the Australian economy, not the shape of somebody else's economy.

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If Julie spent as much time actually researching and learning as she spends on her face and hair, this article might have had some substance to it.
Posted by JohnBennetts, Friday, 26 October 2012 1:45:45 PM
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Note ;not one of the criminals who created the GFC have been charged or gaoled.All the talk is about gaoling the peasants or preparing for civil unrest.

Prof Willian K Black who was a financial regulator in the 1980,s says that 95% of the loans made by Fannie and Freddie were fraudulant.They were packaged up and sold to us ( super funds) as safe investments.The US Federal Resreve and European Central banks are debasing our currency with " Quantitative Easing"? Micky Mouse computer counterfeiting is more to the point.

Our Govts have done nothing except beef up surveillance and distract us with their version of World Championship Political Wrestling.
Posted by Arjay, Friday, 26 October 2012 4:32:16 PM
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Julia Bishop's article has rung bells for me.
I first became interested in this problem in 2005 when I saw the
ABCs Catalyst program and then in 2006 when I read
Kenneth Deffeyes book Beyond Oil.

He is an oil field engineer and predicted exactly what has been
happening over the the years since 2008.
It was Deffeyes who predicted peak oil in late 2005, it was early 2006,
he predicted the financial problems to follow and he predicted the
rioting in the streets that would follow the widespread unemployment.

He expected that people would not understand the effects of the
geological imposition on the world economy.
People will blame governments even though there is absolutely nothing
that governments can do, except to make attempts to mitigate the
worse effects. But first they have to acknowledge that the problem exists.

It now seems so obvious to those that have followed the problem since
those earlier times that we cannot see why the doubters still exist.
Posted by Bazz, Monday, 29 October 2012 9:52:42 AM
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The world in which we live has natural resources which are finite. Many of the governments of the world (including both of our major Parties) keep pushing the constant growth of the economy. Constant economic growth is based on the ever increasing exploitation of the finite natural resources. We should be planning for a society which is not based on economic growth, the longer we delay the implementation of such a system the more severe the consequences will be.
Posted by askari, Wednesday, 31 October 2012 9:01:13 PM
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