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.