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The Forum > Article Comments > The economy: proposed narrative > Comments

The economy: proposed narrative : Comments

By Henry Thornton, published 2/5/2014

Did Treasury and/or successive governments really think Australia was a 'miracle economy' owed a living high on the hog for the feasible future?

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its sad arjay..that people fail to see this ban*king system/needs ever bigger debts..whEN WILL THEY LEARN/ALL WARS ARE BANK*ER WARS
http://whatreallyhappened.com/WRHARTICLES/allwarsarebankerwars.php

MIKE EXPLAINS MUCH OF IT

http://whatreallyhappened.com/podcasts/hourtitle3.m3u

but there are so many proofs here
http://www.washingtonsblog.com/2014/05/enron-2-0-wall-street-wants-manipulate-state-energy-markets-just-like-manipulates-every-market.html

I WOULD LOVE A THREAD BASED ON EACH ONE
the link..explains much..of whats is really happening..STEP BY STEP
and get better at the end..

how to tell folks of how much these people love us dead

IGNORANCE..is no excuse/history repeats its hysteria till we wake-up
IF YOUR NOT PART OF THE Solution/YOU ARE the problem

http://rss.infowars.com/20140502_Fri_Alex.mp3

who is not quickened by Him as the Life, and taught by Him as the Truth, to come by Him as the Way. By Christ, as the Way, our prayers go to God, and his blessings come to us; this is the Way that leads to rest,..THE REST IS UP TO IS.. we must try to make sense..of the mess...TO WALK FEARLESSLY ONTO THE FIELDS[PLAINS/REALMS..OF THE BATTLE AND SAY WAR IS OVER..PEACE HAS COME

AS THE LINK SAYS..I say to you I do not speak
on My own initiative, but of the initiative..of the Father abiding in Me/thee/he and we..who does the teachings..of His works.
http://biblehub.com/john/14-11.htm

but its wasted..till they recognize true value[r4v]
Posted by one under god, Sunday, 4 May 2014 7:49:50 AM
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Yes UOG they are slow learners. Barnaby Joyce for a short while proposed a new farmers bank but soon went quiet on this issue. Our pollies are either too scared or corrupt to take on the big bankers.

The CEC is the only political party that really pushes this subject.http://www.cecaust.com.au/ Our banks are not safe and the Govt cannot bail them out since they have $21 trillion in off sheet gambling toxic derivatives and only $3.5 trillion in assets which are our over inflated mortgages. The derivative obligations take precedence over all other bank liabilities. This is why we need a Glass Steagall Act to protect depositors and mortgage holders.

Dr Paul Craig Roberts said in an interview with Hereward Fenton that the USA is maintaining the Reserve Status of the US $ by getting countries like us to depreciate our currencies. It works like this. All our Banks are 40% owned by the likes of JP Morgan, Citibank, HSBC etc. These big banks are also part owners in the US Federal Reserve. Our banks have to borrow from Central Banks like the Fed who create it from nothing and then put their own margin on top before loaning to us. So we are paying to have our currency depreciated via inflation and thus prop up the US $ since the profits go back to US banks.http://www.paulcraigroberts.org/

Our dollar will continue to fall against the US $ because we were told to create inflation to prop up the US dollar.
Posted by Arjay, Sunday, 4 May 2014 9:40:21 AM
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Ajay,
I agree with the creation here, of a brand new peoples' bank!
A good place to put all the new billions of new tax, we would get if we simply stopped allowing avioders to avoid.
The only way to prevent multinational entities, often with budgets bigger than many sovereign nations, from being able to avoid, is through the creation of an unavoidable simple transparent system!
Big multinationals like Google and Apple need to remit their income or "earnings" via the domestic banking system.
If if that system were obliged to impose a small 4.8-5% expenditure tax on all expenditure, withdrawals, or remittances, then the current tax avoiding entities would pay tax in absolute relation to the profits they take here!
And given how much is avoided, add as much as 100 billions to annual revenue!
However, I just don't see any champion of fiscal justice on either side of the isle, I believe, just too many brown noses, seeking to serve personal post politics interests?
Just look at recent ICAC revelations, to actually give more weight to my theory!?
Failing that, we probably need to make the GST apply to everything. Currently the GST raises some 50 billions, which is handed back as a states tax.
Applying it to all goods and services, would raise 130-150 billions per.
We could soften the blow, by doubling pensions, which would then top out at around 78 billions per. Meaning that pensioners, could afford to pay any and all extra surcharges.
Even then state share of GST could double, meaning they could be asked to completely fund their own public health and education, without putting the most wealthy and powerful offside.
That however, will not solve the problems that await around the corner, when we hit or traverse through peak minerals, and therefore our economy will have no other choice but to ride an accelerating downward spiral, with disastrous consequences for many!
Your point about China's banking sector and practices are well made, however, the joker in the pack for them, is their huge national debt level!
Rhrosty.
Posted by Rhrosty, Sunday, 4 May 2014 10:42:42 AM
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You can listen to the interview here on Truth News Radio Australia; http://www.truthnews.com.au/web/radio/story/2014_03_28_paul_craig_roberts_on_venezuela_ukraine_and_the_collapse

Dr Paul Craig Roberts amongst his many achievements was the assistant secretary to the US treasury during the Ronald Reagan years. He has enormous knowledge and perceptions into what is really happening.

It is just a matter of time for the US $ to lose its reserve status as number 1 currency. The US Oligarchs see the take over of both Russia and China as the way of saving their empire. They are considering a nuclear war or bluffing Russia and China into selling off their Govt Banks like we did and opening their economies up to their predatory form of Capitalism. I cannot see Vladamir Putin backing down. Make no mistake we are at a very dangerous period in our history.

The West is raising tensions so much between us and Russia/China that will make war inevitable. It is just a matter of time of for the collapse of the US $ and the US has to make this decision soon because they will lose their military advantage over the East.

Malcom Fraser is right, we need to grow up as a country and seek our independance. One scenario from our think tanks is that the USA might give Australia to the Chinese to pay off their debts. China with a huge pop need land and we could do nothing about it.
Posted by Arjay, Sunday, 4 May 2014 10:49:34 AM
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IN court tomorrow
court 20 brisbane maji strait/curt/stanley st
http://forum.onlineopinion.com.au/thread.asp?discussion=6293&page=10

this thread will get special mention[the first will be the last]
Posted by one under god, Monday, 5 May 2014 7:45:46 PM
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