Australia has a small pop with enormous resources,energy and land mass.Why do we need to borrow from the global banksters who create money in their computers anyway.Why pay your criminal neighbour to counterfeit your own money?

The IMF a few months ago created $1.4 trillion.This added $220.00 for every person on the planet,but this money is not going to be shared equitably.It will be used to bail out failed institutions that should be put into liquidation.

Pericles and Yabby are just feeling a bit frustrated since finally people are questioning the status quo that has brought the world to it's knees.It is a failed system that feeds of the productivity of the real economy putting too many people in poverty.

A single computer can do the job of many people today,yet why are so many worse off than 30yrs ago?

oh peridiculous here we go again

ok lets value assets on the books..[say houses in usa..[they have fallen a little bit..[you might have noticed]...so please advise me..oh sage..has the debt been corrospondingly fallen..in line with the fallen book value of the assets..[please provide proof]

how about the frauds..conducted by your hero,..that did his ponzi sceme...does that fall under your common sence..[or is it conman defence?]...how about the overvaluation of the stock market that recently fell near 40 percent...

remembering bankers were so sure asets would keep on rising..they didnt even need any deposit..[lending full value...because they know its only a book credit..[and the know they can on sell the lending documentation into securities]...

how can one as intelligent as you be pleased to defend this artistic enron-esque fraud...facilitated by the very institutions you so readilly defend

yes the bakers dont forcefeed...but they decide who gets the cash/credit...and KNOW who will default...the only excuse to give further credit on credit cards was to allready be in danger of default[knowing they turn the paperwork into tripple AAA securities,

by securitising the blue ink credit applications intO a form of bond[A highly likely defaulting..promise to repay...banker facilitated..needing..their extra defaulted DEBT/spending..TO CREAT THE INTREST TO REPAY THE LOANS

if you recall enron played..the game of book-keeping/..where the debts were off their balance sheets..[but on little shelf companies set up to defraud]...

look commonsense indicates..we need to audit the fed..[as you see by the link the bankers are pulling all sorts of treasons to make sure it cant happen
http://www.infowars.com/senate-blocks-bill-to-audit-the-fed-as-government-prepares-for-second-round-of-looting/

http://www.infowars.com/senate-update-on-audit-the-fed-legislation/

why bother explaining the bigger picture to you,...your simply in denial

http://www.infowars.com/european-central-banksters-seek-world-currency-total-control/
http://www.infowars.com/obama-adviser-says-u-s-should-mull-second-stimulus/
http://www.infowars.com/californias-nightmare-will-kill-obamanomics/
http://www.infowars.com/unemployment-worse-with-stimulus-than-without/

but why bother..[your as believable as blair].touting for carbon cap and TRADE,..by feigning intrest in the planet...just as he didnt bring peace to middle east
http://www.infowars.com/tony-blair-im-a-planet-saving-kinda-guy/

or even the pope
http://www.infowars.com/pope-calls-for-world-political-authority/
simply creating the distrraction from the real game
http://www.infowars.com/israel-air-force-preparing-for-iranian-strike/

OUG,Obama is just a puppet of the finance capital.He will not change anything.In fact Abama is making things a lot worse.I do not think that Ron Paul will get Congress to Audit the Fed.They just have too much power and the US political system is totally corrupted.Not even the Hollywood Glamours have the insight or the courage to fight the most important battle in our history.They would rather lasiviate in the death of a pop star than face the reality of economic ruin and debt slavery.

Perhaps the Hollywood Glamours realise who their real masters are and can only be courageous in their imaginary world,rather than fighting for the people who idolise them.

*and that banks seldom lend for innovation yet innovation is the generator of increased wealth through doing things more simply or in different ways.*

Ah Fickle Pickle, you are confusing the role of venture capital,
with that of banks. If banks took your advice, they would become
gamblers backing your seemingly "it seemed like a good idea at the
time". When Murphy's Law sets in, as it invariably does with
new innovation, the banks would be left with huge losses. So
to protect themselves and us, they require you to provide surety.
Your house or other assets which can be liquidated, should your
hairbrain schemes fail!

There is of course no shortage of venture capital in this world,
ready to back great ideas. But you need to convince hard nosed
realist business people of your claims, they are generally not bad
at separating great ideas from just dreamers. They'll provide
seed capital, next an IPO is possible, if that innovation is really
so good.

*Pericles and Yabby are just feeling a bit frustrated*

More like bemused by your ignorance Arjay, but then you are not
the first on OLO with a hairbrain scheme which he hasn't thought
through.

*yet why are so many worse off than 30yrs ago?*

Who are all these people who are worse off then 30 years ago?

Now we may actually be getting somewhere, oug.

>>ok lets value assets on the books..[say houses in usa..[they have fallen a little bit..[you might have noticed]...so please advise me..oh sage..has the debt been corrospondingly fallen..in line with the fallen book value of the assets..[please provide proof]<<

You have - quite possibly by accident - put your finger on the root cause of the present crisis.

When an asset backing a loan decreases in value, it must be "written down" on the Bank's books. Revalued, to properly reflect what cash would be realized if the borrower defaulted on the loan, and the property had to be sold.

The individual debt itself might or might not decrease, but a little item called "provision for bad or doubtful debts" certainly would increase. So in a very real sense, yes, the debt has "correspondingly fallen"

This appears in the Bank's P&L as a loss, of course.

Too many of these write-downs, and you can see how the Bank gets into trouble. Option one, let the Bank fail, like any other business that makes a bad decision. Option two, assess the damage to the economy - and society - to be too great, and pump a whole load more cash into the system.

I hope this helps.

>>why bother explaining the bigger picture to you,...your simply in denial<<

Now that *is* funny. The concept of you somehow explaining to me "the big picture", when you are unable - or unwilling - to grasp the most basic fundamentals of accounting, is simply too precious for words.

pere cute quote<<Too many of these write-downs, and you can see how the Bank gets into trouble.>>>because the balance sheet is a lie

<<Option one, let the Bank fail, like any other business that makes a bad decision.>>option one a recover the gross proffits made by lies/deception and greed

<< Option two, assess the damage to the economy - and society - to be too great, and pump a whole load more cash into the system.>>>oh great oh book keeping sage..the assets fall to near half the value....so pumping in more money..only makes the disparity between real value and book value..[more out of whack]...

more cash means the assets inflate in monetary value..[but because the extra cash didnt add value ..it only stole worth from the true value of what the assets really are/were allways worth...

but the thing is..no one audits..the fed to find out..who stole /what via inflated valuation's and/bonus scams...the thing is your ledger is a lie...treasonous theft from the tax payer...the idea of privatising the fed was so govt couldnt do it

[now we need to prevent rothchild and co..from doing it every 10 years or so...those who collude to steal from the public weal...via over valuing their mates assets ...must get jail time...no more bonus

audit the fed...these incompitants are a threat to themselves and all the people having the worth of their money devalued... what cost 2 dollars pre privatisation now costs 99 dollars.

.because more cash to criminals..means..less buying power for those doing the right thing

your accounting is fraudulent...treasonous comes to mind..one daY THE SERFS REALISE..YOU LOT BEEN STEALING THE VALUE FROM THEIR CURRENCY, AS A DELIBERATED COLLUDED FRAUD