As I said to you previously, a much lower immigration rate should be seen as an essential move in the interests of reducing debt and in the management of our whole national financial and economic paradigm.

Well, it should also be an essential move in line with this government’s push to reduce emissions, be climate-change positive, and develop alternative energy sources to fossil fuels.

Alan, you support Labor. Well, so do I ahead of the Coalition. But only just.

Both really are terribly remiss, first and foremostly because of their worship of continuous rapid growth of which they uphold very high immigration as the fundamental driver. Labor is just so incredibly contradictory when it comes to working on long-term goals! Which is only slightly better than the Coalition which seems to have scant little interest in the longer term at all!

Funny,

I recall the coroner's report being particularly scathing of the Labor government fast tracking the scheme in spite of numerous warnings of the predictable consequences.

AA,

As far as the economic parameters were used, it depends largely on the weightings. Most Australian economists regard 1996-2007 as a relatively sound economic management compared to the shambles from 2007 to today. As far as the voting public is concerned the vast majority consider the coalition far more competent economically.

Whine Swan is widely regarded as a joke who produced huge deficits even while supposedly the economy was growing.

Tonight's debate will be interesting. Last week's debate was declared a draw, even though Labor's vote plummeted subsequently.

Greetings again,

@Ludwig, re: “you surely can’t get Rudd off the hook for his amazing stuff-up with the corruption of border-protection”

Not sure. Whatever Labor tried – under Mr Rudd, then Ms Gillard, now Mr Rudd again – was blocked by the Coalition on the right and the Greens on the left. We will never know how their policies may have worked in practice.

Re: “failing to clamp down on it once it had become obvious that the number of arrivals had greatly increased”

Hard to say, Ludwig. Their policies were thwarted at every turn. This seems one of few failures by Labor to get their program through the hung Parliament. Tragically, hundreds of lives were lost as result.

Whether we blame Labor or the Opposition or the Greens depends on our allegiances, it seems.

Re: “why have I not heard the pink batts story in anything like the way that you have expressed it in your IA article? Surely not ALL of our media is highly biased!”

There are several similar analyses in the aternative media. For example:

http://inside.org.au/a-mess-a-shambles-a-disaster/

No, you won’t find this analysis in the mainstream media, which includes the ABC these days. The result of Rupert Murdoch’s dominance is that no journalist wanting a career in jourmalism will veer away from the official pro-Coalition line, however far this veers away from the truth.

Re: “you seem to have no feeling at all about our ridiculously high immigration rate.”

No, Australia’s immigration rate is relatively low. Has frequently been much higher.

As long as it’s balanced – which seems the case – Australia can sustain this rate.

@Shadow Minister, re: “Funny, I recall the coroner's report being particularly scathing of the Labor government fast tracking the scheme in spite of numerous warnings of the predictable consequences.”

Is this because you recall reading the actual report, SM? Or do you recall reading fictitious news reports in the Murdoch media?

Remember, SM, they distort, fabricate and lie. If you read them, you will end up believing the opposite of the truth.

Not much of a life, really.

Cheers,

Alan

http://investmentwatchblog.com/when-qe-infinity-turns-into-a-pipedream-hot-money-evaporates-rout-follows-see-emerging-markets/

now..Consider the following.

The Fed has only $50 billion or so in capital. With the Fed now owning over 30% of the ten-year market, every time bonds drop and yields rise, the Fed will erase..ALL of this capital.

Indeed, Mark Hussman of Hussman Funds notes that even a 100 basis point increase in yields will wipe out the Fed’s capital six times over.

And therein lies the core problem: by expanding its balance sheet so dramatically, the Fed has in effect spread the financial crisis from a private banking level to a public/ sovereign level.

Put another way,..when the next Crisis hits, it will not be Wall Street banks that go bust..but the Fed itself.

Anyone who believes the Fed can “exit” this position is delusional. The single biggest trade for the last four years has been frontrunning the Fed’s asset purchases...When the Fed reverses course and begins selling assets,..everyone will dump Treasuries in anticipation.

Indeed, we are already witnessing this with foreign nations selling Treasuries in record amounts in June when the Fed first hinted at tapering its QE programs. Japan and China alone dumped $40 billion that month (of a total $66 billion sold by foreigners that month).

By the way, this was the single largest Treasury dump by foreigners since August 2007. We all remember what followed that (the first round of this Crisis).
http://investmentwatchblog.com/the-fed-is-insolvent-do-you-still-think-the-crisis-is-over/#

Sure, the Fed could print money to deal with this. But if Treasuries begin to collapse while the Fed is already buying them… and it can only buy more by money printing,

then...
hyper inflation
along with..main street stagflation
http://investmentwatchblog.com/the-feds-game-plan-is-to-stagflate-and-lie-wallstformainst/
from
http://investmentwatchblog.com/the-fed-is-insolvent-do-you-still-think-the-crisis-is-over/

Read more at http://investmentwatchblog.com/the-fed-is-insolvent-do-you-still-think-the-crisis-is-over/#dBaiBxGEcbrohw1z.99

http://www.federalnewsradio.com/20/3427055/Feds-as-doomsday-preppers

http://investmentwatchblog.com/banksters-blowing-secure-bubbles/

http://12160.info/video/fbi-partners-with-banks-and-blames-mortgage-fraud-on-poor

AA,

I heard that portion of the coroner's verdict repeated over the radio, and what was reported in the media was an accurate reflection. I read widely, and am not so delusional that I have to quote my own articles. It must be so sad that your world is so small.

Rudd's campaign is in flames, and his latest vile treatment of a make up artist has reminded the public of why he was dumped previously.

Abbott will be the next PM unless there is a miracle for labor, and then the liberals can open the cans of worms that Labor has left behind, starting with a productivity review of the NBN, and an audit of the school halls and other disasters.

The Confidential Memo at the Heart of the Global Financial Crisis
http://www.vice.com/en_uk/read/larry-summers-and-the-secret-end-game-memo

When a little birdie dropped the End Game memo through my window, its content was so explosive, so sick and plain evil, I just couldn't believe it.

The Memo confirmed every conspiracy freak’s fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3 percent unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.
http://whatreallyhappened.com/node/264284

The Treasury official playing the bankers’ secret End Game was Larry Summers. Today, Summers is Barack Obama’s leading choice for Chairman of the US Federal Reserve, the world’s central bank. If the confidential memo is authentic, then Summers shouldn’t be serving on the Fed
http://intellihub.com/2013/08/22/what-would-it-take-to-bring-about-change/

Whatever just happened
hit all three markets at the same moment.
http://www.cnbc.com/id/100968086

For quite some time I have been concerned that a financial system crash is inevitable, and the US Government and Wall Street, in order to duck the blame for causing this disaster in the first place, might stage a false-flag computer attack against the financial system computers, to blame on those gosh-darned Iranian/Syrian/Russian/Chinese cyber-terrorists. We call that scenario the Virtual 9-11, and you can read more about it HERE.
http://whatreallyhappened.com/WRHARTICLES/virtual9-11.php

more redflag/blackflags
http://www.nypost.com/p/news/business/economy_imperiled_as_qe_bag_of_tricks_7m5oznZ9Rsqfk7SANJibyK

http://jonrappoport.wordpress.com/2013/08/15/nbcs-meet-the-press-hits-lowest-rating-in-21-years/

http://12160.info/page/this-will-create-panic-crush-the-fed-send-gold-soaring-21-august-
http://investmentwatchblog.com/news-of-chemical-weapons-attack-in-syria-published-one-day-before-massacre-happened/

http://www.veteransnewsnow.com/2013/08/22/226358-syrian-rebels-damascus-chemical-cache-found-by-assad-army-state-tv/

huge 911 march?
http://ampacus.webs.com/