Well said. I couldn't agree more.

I wonder if most of the electorate will agree though. We have become a nation that expects all these entitlements without considering who is going to pay for them. The amount that the government ( meaning us) is going to have to pay in interest alone on the borrowed money "pissed up against the wall" over the last few years, is going to run into billions alone.

A good piece that goes to a lot of the things I've been banging on about for ages.

However, it talks around the real issue, which is that we have built our economy over the past 40 years on consumer spending using money released by the breakdown of the family as a primary driver.

That money is released in several ways.

First, savings held in common are released. some of that money goes to lawyers, some of it goes to reestablish each of the partners, some of it is spent as a way of ameliorating the emotional distress of the breakdown.

Second, the costs of two separate families are much higher than the costs of a couple of parents living together. Housing is obvious, but where a family may have only one car, two families need two cars. Where a couple will mostly eat at home, a single eats out more. The fixed costs of utilities are doubled.

Third, a single mother has a much greater incentive to find work than a coupled one. She also needs services to allow her to do that, including childcare most notably, but often lots of other things as well.

Fourth, the family home is often awarded to the primary carer for the children, which can mean that it ends up being sold when the mortgage cannot be serviced and the funds are not then used to buy another home, but consumed in trying to maintain a lifestyle. Both former partners end up renting.

Fifth, money is transferred from the parent who is not the primary carer to the other, usually from the man to the woman. Since some 80% of consumption spending decisions in Australia are made by women, this directly increases the money available for consumption spending.

[continued below]

Another impact is that the men who are in this position are often driven into depression or so traumatised that they become unable to work. As a result the money released as described above declines over time, while the tax those men would have paid is gone and they become dependent on welfare. Their former partners don't replace that because they only work part-time and often pay little net tax. Since 2010 we have paid out more in redistribution than we have taken in personal income taxes, propped up by other tax income paid by corporates.

Much of the part-time work - the vast majority of it, in fact - is paid for directly by the public purse and a high proportion of the rest only exists because of regulation imposed on businesses.

We have taken a very wrong turn and we need to look at the problem honestly. Going on the same way is madness and will be disastrous.

It's negative-sum all the way.

I'm a supporter of Kevin Rudd, but I fear that the ALP will not allow a rational approach for cynical political reasons. I may yet have to change my allegiance.

Glad I'm not the only one who thinks this! Already big expensive promises have been made for this election and has so many saying "oh that would help me!". Well me, be prepared to pay for it! I have no issue with paying more tax...if I felt confident that they were going towards worth while expenses. I'm not sure how I feel about the Government continually bailing out the Automotive industry. Is there proof that in the long run the Auto Industry will recover or are we just delaying the inevitable? If not, retrain! There are quite a few industries screaming for qualified people, assess the shortages and give people a good incentive to retrain to one of those fields.
I think Australia needs to put a higher value on a lot of resources we have an abundance on and selling extremely cheap overseas. Australia needs to become a lot more sustainable, else we will all be in trouble.

Geez, it seems that, for years, I've been in some kind of fantasy world. I've been told constantly that OZ is the lucky country, that it survived the Global Depression with no harm, that we have triple-A credit rating, that there was a gigantic mining boom that Australia was riding on, etc, etc.

Now I'm confronted by this depressing article about an imminent recession written by members of a society who laud the thoughts of someone who died many, many years ago. No, I'm not talking about Jesus but someone called...was it Thornton!

Struth, it's enough to make me look up the yellow pages and contact some blonde who won't care if I'm depressed but will give her all to me in exchange for some change. But hang on! A recession is coming so I'd better be prudent.

I should instead cancel my order for a snazzy European limo, the luxury holiday around the world. But hey, my term deposits are going to levied and the interest rates today are going to be dropped even further. I know what I'll do, I'll rob a bank!

Knowing my luck, it will end in me being arrested and jailed but, hell, at least I'll be fed in jail and some hulk with a five o'clock shadow will probably throw himself upon my aged body and have his way with me but at least I won't have to listen to lying politicians any further or worry about recession destroying my Lucky Country.

On second thoughts..., "Hullo, Charmaine, do you do old blokes? You even have wheelchair access, eh! How thoughtful!"

Henry, my good fellow, in your attempt to bring to light some of the blindness in the minds of our economic masters, methinks that you demonstrate one huge blind-spot yourself.

You speak of disequilibrium. But, you seem to have entirely blind-spotted the disequilibrium between supply and demand. If we were to greatly reduce the rate of increase in the demand for everything, we’d surely be on an economic winner, even if overall economic growth slowed considerably.

Currently (and throughout most of our recent history) we’ve had very high immigration which has been implemented in order to increase economic growth. But of course it has also increased the need for economic growth, and has led to very small (if any) average per-capita gains from very high economic growth!

We need to stop having to pay for massive new infrastructure and duplication of services, as well as constant repairs and upgrades to overburdened infrastructure and services. We need to be able to put our economic gains into improvements for the existing populace instead of into providing the same standard of living for ever-more people.

This is surely of absolutely fundamental importance, eh Henry?

I’d be most interested to know what you think about this.

I mean; how on earth can we have a meaningful discussion about economics if the demand side is left open-ended and is rapidly increasing with no end in sight and with not even a thought of addressing it, while everything is geared towards increasing supply, endlessly, in order to try and keep up with demand? ¿?

It is just so extraordinarily non-sensical!

<< Australia needs to become a lot more sustainable, else we will all be in trouble >>

Absolutely right Bec. And the biggest single step towards this end is to greatly reduce population growth, ie; immigration, and thus strive to balance supply and demand.

I have nothing against immigration, as a rural person I wouldn't have a doctor, a lot of allied health or nurses without immigration. But what does worry me about it is that the long term solution to filling these jobs does seem to be to "import" qualifications. (please I don't mean to insult anyone here...I have a great respect for all of those who do come to Australia and fill these position.) We have people whom are already in Australia who need jobs...why not train them to fill these positions in the long term. Once the balance of Supply and demand is restored, then we can look to grow more again...if needed.

Bec, even with net zero immigration we would still have plenty of scope for bringing in quite a lot of people with badly needed skills, as well as raising our refugee intake.

And critically we would then have a decent chance of achieving a sustainable society and of engendering some common sense into our economic philosophy.

As it is now, our dear Henry Thornton, Glenn Stephens, the treasurer and everyone else of any economic significance are all desperately trying to make us as unsustainable as possible, by concentrating on unfettered endless economic growth!

They’re mad! The lot of em are really quite bonkers! ( :>|

*Cutting rates further will relieve cost pressures for some, but will do nothing to reduce, and may worsen, Australia's generally high-cost structure relative to competitor nations.*

Exactly! Australia now has some of the highest costs in the world, with much of the economy in city Australia built on more baristas etc and building more expensive homes for more migrants. Meantime we have become globally uncompetitive, which this Govt has ensured will only become worse. Double time and a half and all these other little jokes are simply not part of the real world, which Australians have yet to learn. The mining boom meant that mining boomed, but other industries like agriculture, have gone backwards, as they were ignored. All very sad, but one day reality will hit with a thud.

Govts of all political persuasion treated the mining boom as recurrent income, and it wasn't!
Just a once only inflow, and a very small one at that thanks to Govt. short-sighted squandering; and or, a sell the family farm mindset to debt laden foreign investors!
All while ignoring self terminating thirty year bonds, which would have likely provided vastly more income in the interim, and a date by which the forgone asset classes, bought and paid for with this option, became entirely ours, along with any and all income streams.
This would have necessitated various politicians accepting actual responsibility for outcomes, as opposed to duck shoving or the very short term sell offs, that adroitly avoided both issues!
Even so, we still have some assets not yet sold at some fire sale, namely, vast potential hydrocarbon wealth to our immediate north.
Hydrocarbon wealth that can remain ours, while the responsible Govt. simply contracts out exploration and development.
The very same way multinational oil companies do!
Besides that, we need to get back into the overall energy business as a supplier.
To enable the provision and supply of the cheapest possible energy.
Cheap energy is what we need to rebuild/attract the manufacturing enterprises of the future.
After that, we need vast tax reform and simplification, to remove the huge impost of often onerous compliance costs of the back of business/industry. (Often much larger than the actual avoided tax?)
Further, future industrial estates ought to be built around their own power station, to all but eliminate transmission losses, which currently double the cost of electricity, and link many enterprises to increasingly unreliable power sources. Imagine the savings possible, if all cars and car components were manufactured at the one place!
Coal fired power, must be accompanied by mandatory companion algae farming to completely offset emission, as well as create additional and endlessly sustainable liquid fuel supplies.
Failing that, we need to convert to cheaper than coal, thorium.
We have huge reserves! The missing elements, essential bipartisan support and genuine political vision!
Rhrosty.

Yabby, you wrote "All very sad, but one day reality will hit with a thud." didn't you mean "All very sad, but one day reality will hit with a KRudd"?

No offense, but if you have never run your own business, in other words, if you have never been in control of creating your own job, you simply do not understand what make the wheels turn.

While none of us want to work for less, the reality is, a business, any business must make the needs of the business priority one, and the needs of the workers must come second.

The trouble is, this governments focus is the exact opposite.

The end result is going to be, no business, or at least cut backs and, if you think times are tough now, just wait until the mining slow down really kicks in.

The warning signs have been there loud and clear, you just have to know what makes the wheels turn to recognize them.

Rhrosty, I repost something I posted yesterday that you have yet to respond to, I think you are deceived by the mantra being espoused by big energy re algal bio-fuel!

Please consider the fact Exxon Mobil have recently announced they are discontinuing its algae biofuels program.

Exxon Mobil invested more than $100 million to develop algae-derived biofuels and after almost four years of work failed to produce economically viable results.

Exxon, the world’s biggest maker of gasoline and diesel realised there are too many problems to deliver scalable algae-based biofuels.

Exxon began the program in 2009 and said it would invest $600 million to develop fuels within a decade. It has already spent more than $100 million, and failed.

A company spokesman stated “simple modifications of natural algae would not provide a level of performance that we believe would be economical or viable for a commercial solution.”

It does not bode well or as simply as you purport it would seem.

Additionally, most posters here have failed to comprehend the fact that fractional reserve banking is failing the western economies on a mass scale.

We are out of luck in terms of plucking the low fruit in energy terms and now we are seeing the resultant financial implications within our economies.

When you build a society based on $10 per barrel oil and then try to run it on $100 per barrel of oil, the engine begins to seize up.

It's perfectly normal if you understand EROEI, if you don't get educated

Geoff

Say that..you agree to pay..any financial obligation
which you might..*lawfully owe,..ON CONDITION*..that they:

1.Provide validation..of the debt,..
that is,the actual accounting.

show actual money..in hand was lent..not created..by your signature..by on selling your application
http://www.yourstrawman.com/

2. Verification..of their claim..against you,
that is,..a signed Invoice.

3. A copy of the Contract..binding both parties (BINDING ON *you and them),..and send that letter by recorded delivery..so that there is an independent witness to it having been delivered."

Every letter you write s
hould be marked clearly "Without Prejudice"
which means that you reserve all your lawful rights and accept no contract..*and majke nooffer..*unless it is shown to be lawful..by meeting the four conditions..*essential to a lawful,binding contract,

namely:

1. Full Disclosure ..you were not told that you were actually creating the credit note [iou]..with your signature)

2. Equal Consideration ..they brought nothing of value to the table and so have nothing to lose)

3. Lawful Terms and Conditions
(yours were actually based on fraud),

and

4. The signatures of both parties..*(corporations can't sign because they have no Right..or Mind*..to contract..since they are soul-less legal paper fictions,!*!

and no third party
can sign a contract..on their behalf!

agreeing to pay,..provided that evidence of a lawful debt can be produced,..stops him being taken to court..because courts only adjudicate between parties who are in dispute,!

and as James..has agreed to pay,
there is no dispute,..so the court would not accept any application for a hearing.

If the Swindle Bankers..were foolish enough to try,
James has only to send the court a copy of his letter agreeing to pay and the case would be thrown out immediately..(and the Bank might well be penalised for wasting court time).

a loan agreement is a contract

and so there..*has to be full disclosure
*of all the details ..which there wasn't),

*both sides have to put up something of equal worth..(which didn't happen).and the contract has to be signed by both parties..*(which the bank can't do).

So, YES..the bank has a real problem.

TOO big..to faIL..go directors..directly to jail
http://www.yourstrawman.com/

but if this belated new Pacific solution embraced by both parties to some extent goes ahead, IMHO it has the potential to triple-digit the disequilibrium by shoveling good money after bad down a bottomless hole of never ending demands for more and more infrastructure for more and more refugees until something's got to give - and it'll probably be the Australian electorate's impatience and irritation that they've been led down the garden path: the refugees may be over there but their economic demands will have to be met over here!

the iron law of unintended consequences and diminishing returns will come back and bite the Australian govt on the backside in a cruel twist of post colonial irony.

Is Australia experiencing a

Deflationary Spiral

I just looked up articles on Deflation in Wikipedia
there seems to be some complex assessments about it.
This is a segment I cut and pasted from Wikipedia:-

<A deflationary spiral is a situation where decreases in price lead to lower production, which in turn leads to lower wages and demand, which leads to further decreases in price.[25] Since reductions in general price level are called deflation, a deflationary spiral is when reductions in price lead to a vicious circle, where a problem exacerbates its own cause. The Great Depression was regarded by some as a deflationary spiral.[26] A deflationary spiral is the modern macroeconomic version of the general glut controversy of the 19th century. Another related idea is Irving Fisher's theory that excess debt can cause a continuing deflation. Whether deflationary spirals can actually occur is controversial, with its possibility being disputed by freshwater economists (including the Chicago school of economics) and Austrian School economists.>

.......Deflation continued from above post

Deflationary periods can be both short or long, relatively speaking. Japan, for example, had a period of deflation lasting decades starting in the early 1990's. The Japanese government lowered interest rates to try and stimulate inflation, to no avail. Zero interest rate policy was ended in July of 2006.

No Cherful, Australia and the rest of the world are experiencing a structural collapse of the house of cards that is consumerist corporatism and that has created the social disaster of feminism among other things.

There will be no relief for the next 20 years at least, probably longer. Real jobs don't exist and the fake ones that allow some women to pretend to be independent can't be afforded. The struggle between the entitlement-culture that pervades Western feminism and the pragmatic need to dismantle the structures that it has created will not be pretty, but it will be essential if our grandchildren are to have a future.

CHERFUL, one problem, our unions will not allow flexibility in wages.

In other words, their (unions) primary focus is to protect the wages and conditions of workers, many of which have been gained through previous imbalances in the supply and demand labor industry.

What unions don't get is that while it's fine to increase wages and condition while times are good, these conditions MUST be allowed to wind back as demand falls, as is the case now.

Restaurants and caffees are a prime example, whereby in recent years they were literally full t the brim with young construction workers with money to burn.

These spend thrift days are over, yet the IR restrictions remain and are forcing many to the wall, or at the very least thinking hard about renewing their leases.

So, while prices may well fall, Jobs will also fall.

I said back in 07 that the one thing any government must maintain is confidence, and labor took an axe to that.

In 2011 that silly Gillard introduced the carbon tax we would never have, again effecting confidence, then, she delivered the killer blow by calling a September election back at the start of the year, a move that caused many to sit on their hands.

yesweare heading towards the global recession[we were planned to have]
why?..finance is built on a lie..a huge big fat fib..juist like it has been all through time

[or at least since the time of christ/upsetting the money changers..selling dispensation tokens..well over face/and value of its metal content.

ceaser debased the coin..in that previous time
yet managed to build many stadiums..to create jobs
just liker the 2002 collapse was headed off by introducing 'work ready'.security screening globally

keatingh 'saved us/all'..by selling off thecommon[lol;]wealthbank

howard saved us all..by taking 10$..of our wages
to'give'..lol..us CoMPULSORRY super..[ie giving 10%..of our weekly wage to the money changers]

rudd and cohort$.. then bailed out the money changers yet again
by bailing out too big to fail..bwankers..selling secularized/and underwritten iou's [read our loan applications..as if investment AAA grade..promises..much bought with your compuls-sorry super..con*tibut-ions[sic*]

anyhow other great scams/rort
were taking over sport and quality programing

then selling it on..to the fools lending..THEIR OWN SUPER BACK*..on ursury credit card rates/minimum repayment.,.via the money-changers stealing your wagees [10%]and federal reserves[100%]

[gold silver copper
/mints note..printing branches plus ..monetary exchange rates/interest rates..etc

just as govt steals from
via income tax fraud.. our wage isnt income
but thanks be to colluded fraud..it has become the cash cow..supplying the only real value..[your labor..on minimum wage]

you are now slaves..
except you house feed..abuse yourself..now
but are just to busy tired..to think

how come income dont get taken from the rich/trust funds
nor corpse-orations..corporations..[inc/ltd]

but will..be TAKEN..from your wage

oh jesus..why so many needlessly needy
govt can make its own cash..INTREST FREE..as much as is needed

JUST*..eliminate the bwankers..
from owning/controlling our monetary exchange supply

and lockup for .life ;..*pub.lic servants serving 'other masters'
and audit EVERYONE*..put it online..if you havnt claimed it..

it goes back to govt..who on-sell it by open process..a
to buy back the mint..fed etc..that NEVER should have gone tothe money exchangers[thieves]

Yes OUG, super should never have been given to the bankers to manage.

That money, now in the trillions of dollars, could be funding every bit of infrastructure we have/need and we would be finavially bullet proof.

Talk about lost opportunity!

<<..A simple pile of stones/paper /metal
with the power to drive all men mad.

What is this strange contagious psychosis called greed?>>

squeezing our life blood..from our still warm bone
onto faux stone vault..holding only iou'$

http://prisonplanet.tv/news/watch_free/free_to_look_audio.php

Many believe that today's central bankers are an arrogant lot who are repeating the same sins as the bankers of the 1920s and setting the stage for an impending implosion of the financial system much more dire than the dry-run of 2008-2009.

Read more:
http://www.foxbusiness.com/government/2013/08/05/what-difference-does-it-make-who-runs-fed/#ixzz2bKvbPnBw

http://www.infowars.com/media-we-now-live-in-post-constitutional-americamedia-we-now-live-in-post-constitutional-america/
http://www.infowars.com/index.php?cat=26

http://www.infowars.com/the-bank-runs-in-greece-will-soon-be-followed-by-bank-runs-in-other-european-nations/

http://www.infowars.com/summers-statistical-recovery-and-human-recession/

http://www.yourstrawman.com/
http://www.infowars.com/index.php?cat=16

http://www.infowars.com/lawmakers-issued-license-plates-making-them-invisible-to-traffic-cams-and-parking-tickets/

http://www.infowars.com/were-just-a-few-months-away-from-a-flip-in-the-suns-magnetic-field-and-a-shift-in-human-behavior/

http://www.infowars.com/shares-dollar-drop-on-fed-tapering-uncertainty/
http://www.infowars.com/government-officials-hoping-terror-threat-diverts-attention-from-nsa-spying-scandal/

http://www.infowars.com/eurozone-crisis-is-just-on-hold-for-the-summer/

http://www.infowars.com/index.php?cat=279

http://whatreallyhappened.com/

rehctub..<<That money,>>

that cash money
when leveraged..50 times
simply by lodging it back..to the fed

[who issued the BANK_bill..!..promisary NOTE*..
that FORMERLY was a promise to pay..[in pound/shillings of weight]..in sterling silver/pure silver before that..gold before that

and in the end even STOLE the copper coin
but not before debasing..'PENNY-*WEIGHT"..first..into cents

and thus further debased HRH face
upon the DEBASED coin-age..[a crime worse than treason!]

<<now in the trillions>>..QUADRILLIONS..<<of dollars,>>
note..'doller'..too/also a weight based unit..

<<could be funding every bit of infrastructure we have/need and we would be financi-ally bullet proof.>>

yes..but hopefully..via our pain
our kids..might just finish..that jesus himself begun

they got credit cards
unsecured credit*..blood cant be squeezed from stone
but can be stolen from their wage..as long as they stay ignorant

<<Talk about lost opportunity!>>
we must learn hard lessons..stop believing anyone really cares
who receives the free lunch...expects more than mere crumbs..

but govt treason acts..will destroy us all

the poor have always been poor
its the fat middle piddle class..that gets the real pain

the rich will just get richer..[or so they think]
then..one day..all we thought we have..is gone..or despoiled

when the public service..saw it about to happen..last tinme
first thing they did was protect..*THEMSELVES*

hang-em high/dry..next time*

how to get thefuture mob..educated*..
[but not via uni-vercity/arts`or peers..]

Hasbeen -- No Cherful, Australia and the rest of the world are experiencing a structural collapse of the house of cards that is consumerist corporatism and that has created the social disaster of feminism among other things.

Totally agree with the first part of that statement Hasbeen, but I fail to see how feminism ties in with it. Feminism came about because motherhood and the great toil and burden associated with the day to day care of large families went unrewarded in society. The men had the voting power, the financial power and the freedom in marriage to piss off on week-ends or whenever they felt like it but women didn’t have that freedom with 4 to 6 kids hanging off their skirts.

They had to fight male courts and priests and male doctors for the right to contraception, fight the males for the right to vote.
Then seeing the financial freedom and power over their lives that men
wielded and also the freedoms men had in marriage regarding spending time doing what they fancied
without having children screaming and hanging off their skirts, they realised that Men had a better and fairer deal than they did
and so they left the kitchens to have some spending power and freedom of their own and to even the deal between men and women.

That shut down the population engine room of the country so today the major Consumer bases are in heavily populated countries like China and so our Corporations have taken jobs offshore to cheaper work bases, and Australian producers and manufactures have to shut down because they can’t compete with those cheaper workers and our workers
have huge mortgages,cars,credit cards and all the rest of it and can’t afford to accept cheaper wages because they have to make those payments.

.......continuing my above post re corporations and
Financial meltdowns

The chief honcho at Meyers recently said "the days of
marking something up by 150% are gone and we have to reduce
our prices. I bet a lot of the stuff they sold at 150% mark-ups
were made for a trifling amount in overseas slave shops, (sorry,
work-shops) Consumers have gotten wise to the fact that they
have been ripped off and have become very cautious about inflated
prices.

Can't blame them for exploiting the cheap labor I suppose
but therein lies the problems we are facing in Australia.
We can't compete in labor prices or trading prices with China and
bigger populations.

Maybe we will have to accept a lower standard of living, hard to
do when the monthly mortgages and car payments, credit cards etc.
already have to be paid and are locked in.

oops! I apologise
Antiseptic for mixing you up with Hasbeen.
I knew you weren't Hasbeen when I read your post
but then somehow I typed his name.

I do tend to get your names mixed up for some reason and I was just
debating with Hasbeen the other night.

THOUGHT FOR THE DAY!
"Do what is right, leaving the people of Europe to act their follies and crimes among themselves, while we pursue in good faith the paths of peace and prosperity." -- Thomas Jefferson to James Monroe, 1823.

the ab-use..of movie pr-op-aganda..is well known
this radical feel good?..movie must rate caution
http://www.youtube.com/watch?v=06Utce7v_LU

they will do strange things
that are designed to'. suspend belief

Astronomers Find Ancient Star
'Methuselah' Which Appears To Be Older Than The Universe
http://refreshingnews99.blogspot.in/2013/08/astronomers-find-ancient-star.html

Scientists have discovered an "impossible" star
which appears to be older than the universe.

The mysterious star Methuselah appears to be between 14 and 15 billion years old - a bit of an issue considering the universe itself is known to have come into existence 13.8 billion years ago.

Oddly enough, Methuselah
is even located inside our own galaxy - about 190 light years away.

Request to Falsify Data Published In Chemistry Journal
http://science.slashdot.org/story/13/08/09/2116231/request-to-falsify-data-published-in-chemistry-journal

"A note inadvertently left in the 'supplemental information' of a journal article appears to instruct a subordinate scientist to fabricate data.

Quoting: 'The first author of the article, "Synthesis, Structure, and Catalytic Studies of Palladium and Platinum Bis-Sulfoxide Complexes," published online ahead of print in the American Chemical Society (ACS) journal Organometallics, is Emma E. Drinkel of the University of Zurich in Switzerland.

The online version of the article includes a link to this supporting information file. The bottom of page 12 of the document contains this instruction: "Emma, please insert NMR data here! where are they? and for this compound, just make up an elemental analysis ..."

http://rinf.com/alt-news/breaking-news/5-biggest-lies-from-anti-pot-propagandist-kevin-sabet-2/57792/

http://www.activistpost.com/2013/08/911-thy-shall-not-bear-false-witness.html

Ford’s appointment sends a clear message: US policymakers want to destroy Egypt in the same way they have destroyed Iraq and Syria - by using death squads and false-flag terror to incite civil war.”

Reagan, who created them,
“No - it’s even worse than that!

In the past, the US government would straightforwardly help dictators mass-murder their own people. In 1965 Indonesia, for example, CIA-controlled death squads murdered roughly one million opponents of the Suharto regime.

The CIA collected the names of prospective victims, trained the death squads, and unleashed them. Most of the million people murdered by those CIA death squads were brutally tortured before death…

…Today, the US is more interested in destroying Middle Eastern countries than in propping up Asian and Latin American dictators. So it has refined its use of death squads. Instead of simply murdering anti-government activists to prop up an American-owned puppet dictator, the US now sponsors death squads on both sides of the political-religious div

“According to Global Studies professor Michel Chossudovsky, Robert Ford teamed up with notorious war criminal John Negroponte to apply the “Salvador Option” in Iraq in 2004. Chossudovsky writes: “The ‘Salvador Option’ is a ‘terrorist model’ of mass killings by US sponsored death squads. It was first applied in El Salvador (by Negroponte) in the heyday of resistance against the military dictatorship, resulting in an estimated 75,000 deaths.”

Today’s Egypt, like 1980s El Salvador, is experiencing a heyday of resistance against military dictatorship. And Egypt’s military dictatorship (like El Salvador's 1980s junta) has already resorted to the mass murder of anti-government activists.

Will Robert Ford,..an expert in organizing political mass murder, help the Egyptian regime slaughter..tens of thousands of peaceful protesters?”

k) Of Course!

ide..The purpose: Create a civil war
to weaken the targeted nation.”

read..the long version..@

http://rense.com/general96/cowards.html

The £170bn secret raid on your savings:

How keeping rates at a record low
is a government ploy to pay off its debts

http://www.dailymail.co.uk/money/saving/article-2392174/Keeping-rates-record-low-deliberate-government-ploy-pay-debts.html

A stealth raid by the Bank of England has stripped savers of more than £170billion, a Money Mail investigation can reveal.

By slashing the base rate to a record low of 0.5?per cent and allowing the cost of living to soar for more than four years, the Bank has whittled away the value of cash sitting in High Street accounts through a ‘secret tax’.
http://www.blacklistednews.com/Bash_Brothers%3A_How_Globalization_and_Technology_Teamed_Up_to_Crush_Middle-Class_Workers/28090/0/0/0/Y/M.html

And it is not just savers who have effectively had their money pinched. Anyone who has a fixed monthly income, such as pensioners, or has had a tiny pay rise, has also lost out.

http://whatreallyhappened.com/

http://www.naturalnews.com/041622_glyphosate_Roundup_birth_defects.html
http://www.smellslikehumanspirit.com/2013/08/ciahollywood.html

http://www.al-monitor.com/pulse/originals/2013/08/palestine-west-bank-firing-zone-idf.html

ongoing tricks.
http://12160.info/group/MainstreamMediaAndMindControl/forum/topics/you-could-get-a-journalist-cheaper-than-a-good-call-girl-for-a-co

They will declare a "buffer area" or "firing zone", move the Palestinians out, then over time, move Israelis in,

then declare the need for yet another "buffer area"
or "firing zone", move the Palestinians out, then over time, move Israelis in, then declare the need for yet another ...

http://intellihub.com/2013/08/14/12-medical-tests-and-procedures-even-doctors-claim-are-useless/

background
http://cecaust.com.au/pubs/pdfs/cv7n10_final.pdf

We Are Now On The Verge Of A Historic Meltdown & Collapse
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/8/20_We_Are_Now_On_The_Verge_Of_A_Historic_Meltdown_%26_Collapse.html

“I guess I’m always unnerved as a result of what happened in April, the last time the President of the United States had a meeting with all of the bank heads, and two days later the price of gold was trading smashed for over $200.
http://investmentwatchblog.com/gold-silver-spike-as-u-s-stocks-slump-jerry-robinson/
Now, the President is meeting with all of the heads of the various agencies, institutions, the Fed, and all of the other key money entities in the United States today.

What’s that all about?
http://www.breitbart.com/Big-Government/2013/08/19/Bank-of-America-To-Dissolve-Merrill-Lynch
http://investmentwatchblog.com/u-k-gold-exports-to-switzerland-explode-due-to-allocated-and-asian-demand/
http://investmentwatchblog.com/breaking-federal-reserves-ownership-of-us-debt-tops-2-trillion-for-1st-time/
tungsten into gold?
http://newenergytimes.com/v2/sr/WL/WLTheory.shtml
http://www.cmegroup.com/trading/energy/nymex-delivery-notices.html
http://moneymorning.com/2013/08/16/silver-prices-today-riding-higher-on-these-four-trends/
http://investmentwatchblog.com/18-signs-that-global-financial-markets-are-entering-a-horrifying-death-spiral/
http://cecaust.com.au/pubs/pdfs/cv7n10_p2.pdf

But clearly if the President is having this meeting, there is a crisis unfolding somewhere
http://investmentwatchblog.com/governments-are-strategically-positioning-themselves-for-the-economic-collapse-systematically-destroying-our-independence-riots-are-coming-to-america/

in the background, and it could very well relate to the dollar, interest rates, and the massive derivatives market associated with interest rates....

http://www.youtube.com/watch?v=DMesXb4iEqo

talking of subsidy of the rich..they are using to buy up cheap housing stock..[with bailout no intrest cash][shows mort gauges halved]

then rent assisting the too rich to get richer
with rent assistance to the poor..that goes direct to the rich

all tax deductable

talks of sorros [$orrow$]..1 billion bet against au$
english pound..versis the silence re his 1.5 billion bet against us interest underwritten derivatives..

rising %..as we s$$$-peak

from previous post
http://forum.onlineopinion.com.au/thread.asp?article=15357&page=0

Out of the estimated $1.5 quadrillion dollars’ worth of derivatives on the planet right now, roughly $500 trillion is specifically related to interest rates.
http://etfdailynews.com/2013/08/19/this-could-trigger-a-major-sell-off-for-the-stock-market/
http://www.zerohedge.com/news/2013-08-19/indian-rupee-collapses-worst-day-20-years

http://www.blacklistednews.com/NAFTA_on_Steroids%3A_The_TransPacific_Partnership_and_Global_Neoliberalism/28227/0/0/0/Y/M.html

http://www.youtube.com/watch?v=-d0N8UdrbDE

OUG, you've got the wrong end of the stick. If the spare housing stock isn't taken off the market at close to current value, the value of all the housing stock will decline, creating another deflation in equity with all the problems that will cause for the middle-class who are the mainstay of an economy that doesn't make anything to speak of.

Soros, et al are on a hiding to nothing, because the value of that stock is going to decline over time as the US tries to finesse a restructuring of its public sector and manufacturing base without spooking the showponies that it's got in the fiscal traces trying to do the job of draughthorses.

We're not so badly off, because we do have the capacity to maintain demand through immigration and infrastructure spending, but unless we get cracking on a new way of thinking about the way we assess and exchange socio-economic value, it won't do us much good, because all our money will have vanished like little Jackie Paper around Puff the Magic Dragon, but without the sense of euphoria and all those "disabled" men and fairytale middle-class princesses on maternity pay will turn into unemployed bums on Centrelink seats, browsing the NBN at the only place they can without money.

At least China still needs to export to support the modernising of it's industrial assets for a low energy domestic economy, and they know the economic globalisation model has to go, so we have time and their help to reindustrialise ourselves if we don't stuff around wasting time and money on "social justice" that's neither social nor just.