Ha!...Lexi, thanks for that - it's the best Freudian Slip I've seen all morning : )

Dear Poirot,

What can I say?

Big business and its supporters -
all singing from the same hymn sheet.

*The AFR is a business representing business
interests,*

Gawd Lexi, there was you claiming that you want others
to understand another perspective. How much trouble do
you take to do the same?

It would frankly do you some good to at least learn about
how a business is actually run and why business thinks
and acts as it does.

*your opinion has no more validity than that of
anyone else*

Well in this case it has, as I've bothered to inform
myself with accurate information and checked out the
details. You, as I have shown, never did that.

Once again, if you want to know the details of what
Mr Joyce actually earns, buy a copy of last weekend's
AFR. Their journalists would be sacked if their
data was not accurate. Bloggers don't have to bother
with such minor details, it seems.

Like almost all governments, banks etc you overlook the real cause of
the failure of the banks and governments.
They all expected substantial GDP each and every year.
They relied on the increased activity enabled by growth to pay back
loans and interest.
When GDP failed, they borrowed more money to pay the interest and capital.
It first became obvious to those who were awake in August 2008 and
triggered by the sub prime failure when the oil price of $147 ate all
GDP and loan repayments.

We are not in a second dip, we never left the first. It was hidden
behind the printing presses and even more borrowing.
It is just that the Greeks were the most vulnerable to the collapse.
If you want to know why we are immune, we hid our problem in a mine
in Western Australia.
Errr, what was that ? Iron ore and coal prices have dived !
Hmmmm.

im missing out on talking about the topic
to wit geeks telling greeks to bail them out

capitalism..often looses its capital
or makes a bad..loan or bad investment...

[so the bankers made a bad investment decision]
next their leaders commint colluded treason

if only all of us who made a bad decision
could get half our money back..[BUT WE CANT]

yet here we got the clever guys[geeks]
who own the global franchise on debt
in the bad situation..

that their assets..come nowhere near the values
they borrowed into..!

indeed have gotten so intrenched..in investing in the wrong thing
that the 4 quadrillion of virtual global debt..has less than half a quadrillion of REAL assets..

[and that only..if we dont all fall down in a heap]

so colluding/deluding finance geeks..getting half their back is insane
even more so because the on paper..'theoretical loss'[haircut]..
will be made up..in next years recapitalisation..[of the bank/finance intrests

strangly..the same ammount as..the 'haircut'
like hair..the debt will keep growing

[recapitalisation means..bailout..of the lol banker..directly]

using even more govt bonds...carrying more intrest[debt]
[like our 10 billion juliar just promised to the imf]..that in some way..will recapitalise other bailouts..to bankers..that have then..gone to the eu [italy/espana..portugal..ire-land..usa/uk..if not greece]

and their all..in the same boat mate

govts globally..are on credit cards
[high yeild short term lending..[tbills],..

all cash is lent into egsistance
but intrest needs others to default
all fiat notes/all fiat debt..is carrying banker ursury..!

ie they moneychangers..have been broken..[for far too long]

but recall why
cause the lent from bankers..to bailout the finance market

then underwrote future losses
then gave intrest free loans..to bankers
on bonds they have to buy..[FROM THE BANKERS]..

at 2% intrst
and 4%..and 6%..and up to 26%

so the bankers..bought the bonds..getting YEILDS of..2%
[or 4..or 6..or 26%]

with loans the other govt gave them..*for free*..

its a shame you
cant expklain that basic truth..to them..

they [WE}..been robbed..
and the thieves are still counting the cash
send in the cops..before our master geeks..steal even more..

and our leaders collude treason
in bailing our big fish..while letting little ones die

[police are sworn to serve hrh..
ie protect the common weal]..[serving to protect the people and our commonwealth]

instead of chasing
the real criminals
they police revenueraising

to give ursury to invester's...stealing
by statute/bailout and many other govt gifts/subsidies

its pssss poor
so lets return back to topic