Arjay:>>This is all due to Govt policy of profiteering from land and selling off of Govt banks like the Commonwealth.Paul Keating has a lot to answer for.<<

Arjay you and I are on the same page, as usual, but sadly most of our peers believe the stripping of wealth and self sufficiency from the first world is a natural chain of events being played out in a vibrant global economy, not so. Corporations directed by the handful of people who own everything have planned and implemented our demise.

I have always felt secure in the thought that a global New World Order of tyranny would not endure, how could they police the four corners of the globe, so if it came, it would eventually fall, right now I am not certain of that. Arjay have a look at HAARP a technology that can do astoundingly destructive things, and from the other side of the globe, no troops no missiles, and the ability to control a population’s future by remote control. Also look into chemtrails, another frightening but played down secret project.

This is all comic book conspiracy and super weapon stuff, but after I watched the American people stand by while their government killed thousands of their own citizens in 9/11 simply to create a new boogie man to scare the plebs, I knew we were doomed, under their control and doomed to servitude.

TBC

Regarding Keating, it was a Labor who sold the peoples bank, it was with Labor support that the Liberal coalition signed away the future of workers in this country with the Lima Declaration, and it is to be Labor who implements a kill off jobs tax with the introduction of Bob Browns carbon bullscheiser tax.

Arjay a couple of old old communists that I used to talk to down at the Domain on a Sunday (it was like London’s speakers corner, just bring your own soap box and preach to the crowds) told me that the “money” will infiltrate the Labor movement and that the likely vehicle will be the Fabians, and exactly that has come to pass with the advent of the Chardonnay Socialist of the 1980’s. Just consider the three betrayals that I exampled. Labor sold the peoples bank, they sold the peoples jobs and they sold the peoples future, not bad for a party of the plebs.

Labor party my well shaped masculine ass, Favor party more like it, they stay in power by favouring minority interest groups.

Spn of Bazz I hear what you say and I understand globalisation is on its last legs and that the earth is a resource quickly being sucked dry, and that is why there is a plan in place to re model humanity and that is the New World Order. That plan does not consider the individual or the nation; it considers the ongoing gene pool of the few that run the earth and the chosen that embrace their philosophy, along with the compliancy of what is left of humanity after they re model us. Technology is making this global tyranny possible, and just like the poor Jews in the ghettos they will strip us of assets and make us totally reliant on them for food, then they can do what they want with us.

If you think this line of thought is alarmist consider what the Obama administrations political geostrategist Brzezinski had to say about a year ago "Before it was easier to control a million people than kill them, now it is easier to kill a million than control them" that is the mind set giving council to government. Bazz as I said to Dicky, if you do not know what is going on in a holistic fashion, do some study. The global economy that we have been discussing is a tool but the issue is world domination and to find who is running the agenda just follow the money trail and that leads to the Rothschild’s consortium of banks. This consortium is the 2% who own the 90+% of world assets.

OMG !
Hmmm, what can I say ?
Anyone who thinks there will be a world wide plot run for the few does
not understand the longer term implications of energy depletion.
We will have enough problems keeping a basic telephone system running.
Here is a talk given by Richard Heinberg at a Transition Town
conference in the UK on the end of growth.

http://transitionculture.org/2011/03/11/something-for-the-weekend-richard-heinberg-in-totnes/

It covers some of the things I mentioned on finance and money 29 mins.
I would be interested in your comments on Richards talk.
BTW had a few words with him when he gave a talk here in Sydney.

Pericles asked;
What is the logic path that takes you from Pimco selling US Treasury
Bonds, to the US "defaulting"? On what?

Defaulting on paying capital and interest on its debts !

I'll bet quids a lot of our local councils have some of their funds
invested in US Treasury Bonds. They are used world wide as a "safe
haven" by governments and banks as the US$ is the world reserve currency.
The dogs are barking it in the street that the US debt is bigger than
can be repaid. Now the Republican controlled congress is threatening
to refuse an increase in US debt. However the US govenment needs that
permission to issue more pixel money so they can pay the interest bill.

Why do you think the Arabs and Chinese are making noises about an
international reserve currency. Some major Reserve banks met recently
without the US Reserve bank to discuss it.
They even gave it a name, something like Banko I think.
The repercussions if the US defaults will make the GFC look like a
very minor event.
The AU$ would probably go to US$2 or US$3.

Look, if you don't know, Bazz, it is perfectly ok to say so.

>>Defaulting on paying capital and interest on its debts !<<

That's the theory, obviously.

But which American government would choose to default? What might the IMF have to say about it? Why would the major victims of any default - China has about a trillion dollars tied up in US Treasuries - be prepared to allow it to happen?

It is important to "follow the bouncing ball" when discussing complex financial matters, Bazz. Think in terms of real life, day-to-day consequences, rather than placard slogans.