We live in an Oligarchy ie Corporations now have control of our Govts.It was always thus but now is much worse.

Back in the 1960's when we had Govt banks they could produce 15-20% of new money to equal increases in population + productivity + inflation.Now all of this money is created as debt by private local and overseas banks.Our Govts are now hostage to the private banking system and all the corporations they have shares in.He who pays the piper calls the tune.

So consider this important observation.The harder we all work and produce,the more debt we incur.So the solution to keep enough money in our system is to have inflation being equal to growth.The West nearly always has 2-3% growth and the same inflation rate.

Thus now the Western World is consumed by debt from which it can never escape unless we stop expressing our growth + inflation money as debt by private banks.Real growth and decmocracy is impossible under this system

China still produces 80% of new money via Govt banks.They can grow at 8-12% and still don't look like slowing.

So you are more or less happy with the way it is then Haz!?!?

But… hold on… you are OLO’s greatest whinger…. er… I mean, critic of our pollies and the way they do things, aren’t you?

What am I missing? You seem to be presenting total contradiction here!

As you should recall Luddy, I don't think Howard did too bad a job.

I don't think it is the system at fault old mate, it is the practitioners involved at present that are the problem, that & some of the fool voters who are just so gullible.

Every red herring the horrible red head had dragged across the 7.00 o'clock news, [ABC of course as they are so kind to her], has picked up a moderate to large number of supporters. When the voters are so dumb, we get people like her in the lodge.

Weather we have any better available can only be answered by time, but no matter what the system, if it is controlled by dishonest con-men/women, it will not be successful in catering well to the population.

<< I don't think it is the system at fault old mate, it is the practitioners involved at present that are the problem, that & some of the fool voters who are just so gullible. >>

I basically agree Haz.

But it still boils down to the same requirement – an in-depth study on how we set it right - a major study that will have the balls to make pollies implement the recommmendations on how we tweak the system and make sure that the basic principles therein are respected…. and how we make sure that we get the best calibre of politicians and keep them on the straight and narrow.

There is something wrong with law about law, at least in Australia.
Law is supposed to deter crime but in Australia politicians can engage in false pretences and virtual extortion while creating law, such in legislation for carbon pricing/tax based on un-justifiable grounds about CO2.
Major media aids and abets the phony CO2 debate by showing news of steam condensation stacks, the tapered-like structures with white steam billowing out but in news are hinted at being CO2 emissions.
I think the public generally is dumbed down and trusts news media.
There are now so many experts with so much unprecedented data but look at the mess the nation and world is getting into.
It's absurd. Cash money needed by consumers has been turned into a trading commodity amongst money dealers, instead of being generally more available for consumers to buy to consume.
An d all the finance law and up and down interest rates to put the brakes on the economy are all protected by legal fiscal policy that in reality forces people to borrow and pay interest.
There is a gross lack of cash for consumers.
How much export revenue will the NBN produce? All legal of course.
Meanwhile the waste of time school yard bickering in parliament continues.
Bring on some type of revealing inquiry, for sure.

...Well Rhrosty’ you appear to have had a bad time under the tradition of the white Australia policy, (and that’s all it was, an immigration policy). It was disbanded as a policy at about the same time GB decided it could no longer keep its “bulging-inward” doors locked against the Pakistanis’.

...One could not contest the “rabble” that the good old “Mother Country” has descended into since that fatality of judgment: Should I use the word “terrorism” at this point.

...Likewise, Australia descended into a “drug-den” coincidently about the same time of the Vietnamese plunder of Australian standards! But I’ll hasten to add, at the least the new lot of boat arrivals have a similar religion based on recognisable morals to our own.

...So you may wish to have a little ponder on that….