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The Forum > Article Comments > Economy heads for a grim recession > Comments

Economy heads for a grim recession : Comments

By Henry Thornton, published 6/8/2013

But no one, not even the RBA, is coming to grips with the main problem facing Australia, which is double-digit cost disequilibrium - a severe lack of international competitiveness.

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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....
Posted by one under god, Wednesday, 21 August 2013 7:27:40 AM
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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
Posted by one under god, Wednesday, 21 August 2013 9:17:35 AM
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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
Posted by one under god, Wednesday, 21 August 2013 9:32:22 AM
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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.
Posted by Antiseptic, Wednesday, 21 August 2013 9:49:24 AM
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