I have to wonder if those die hard labor supporters are starting to get the hint that all this 'up talk' from labor about the economy, is just that, talk.

We are in very average shape and heading south pretty sharply,so brace yourselves, especially the believing labor followers.

Rechtub, see mate, it is you who claim a special under standing.
And in doing so infer I and my fellow travelers are wrong, ALWAYS.
The mirror on your wall, it can show who is under informed just look.
This country currently is far in front economically than the western world, our debt is far less than them all.
Every world financial institution will confirm that.
Our manufacturing is in trouble, it can not both compete with low prices and our high dollar.
But some times farm produce too can not get past that dollar.
For every job lost two are made, our unemployment is low compared with the whole of Europe and America.
Bloke, take the time to tell me why , under these current world wide conditions you think we are in troube but not those wishing they had our luck.
Mate until you stop your self indulgent niggle at Labor folk know you should look in that mirror, if you are game enough

Ah, Life....it's really just one long drawn out opportunity for a whinge - or so it seems sometimes.....

Ah Poirot, sometimes its also good for a laugh, especially when stuff
happens in real life. I had a painter here for a couple of days and he repainted
my roof and finished yesterday. I was on the couch
having a snooze after lunch, when he came down to change the tin of
paint. This red car pulled up and out jumped a woman and rushed up
to him and gave him a huge hug. She asked how he was going and then
eventually got back in her car and drove off, saying she'd see him
again in 10 years. The painter was a little confused lol, wondering
if it was an old customer of his, but how would she know that he was
out here from Perth, painting? He was only a small fellow of around
70 kg and she kept going on how he had lost weight!

I checked in town this morning and sure enough, a fling of mine from
30 years ago had been back to town. She is what you would call a typical
ditzy blonde :) She went back to town saying that I had lost alot
of weight and it seems I had a couple of sons living with me.

A girlfriend of hers is going to let her know that she hugged the
wrong guy, but he had no complaints.

Ha, ha, bloody ha!, Yabs...

That's the best story I've heard all day....very Fawlty Towers indeed!

Must be nice being a young bloke Yabby.

Most of my old girlfriends need help getting out of the car, & can't rush anywhere, as they are likely to turn their walker over, if they go too quick, but thanks for reminding me of way back then.

Most of mine get out of the car I get under the house
Love the Blond bit yabby

yeah its funny watching the polls..every two day's
not

what the polls are saying 2%..here 2%..there 2% thjere
but once ya add up the cost..the gotta pick a sure winner..2%

its pathetic how the people see a billion offerd to those spending 6 billion allready..to send up a new beurocracy..2%

yeah
dad died extra 1%..its cold hard numbers..rose coloured glasses are affecting the vision..TAKE EM OFF*..look at how lawyers have tied us all up in red green black tape

its officially malfeaance..lawyer making TAXATION..lawyers making law

locking away petty criminals..just like 200 years ago
and bailing out the landed gentry..looting pillasging plundering despoiling..cause their lawyers..they make LAW*

laws that tell you your a slave
your a great looter..your the richest..now what wil you take with you,,here your a king..there your all..your dreams tried to treveal to you

but you forgot

Belly, if it were a race, I may agree with you, it's not as simply being better than the others does not automatically make you good.

The fact remains that we continue to hear this dribble about what great shape we are in, when we're not.

Once thermal coal mining dries up, and it is happening, I have to wonder where we go then, as no doubt we will still be at war and have the boat illegals fiasco to fund, who knows where from by the way.

The combination of labor's IR, the carbon tax, MRRT and the high dollar have taken their toll, but many of us knew that.

Sure, we may have low unemployment, now, but then, if you take into account the number who are under employed, the figure is certainly nothing to crow about.

And the 'crowing' is what gets up my nose and, it gives a faulse sense of security for many, although the latest mass job cuts by the states have many sleeping with one eye open.

Then we have the many contractors, many of whom have upgraded their plant, investing $millions as the mines simply won't entertain what they call, older machines.

Many of these people may loose their homes, with many being fooled by this governments fibs about our economy.

The latest poles show a surge by labor, when in fact, it is a decline by the libs, thanks largely to the actions of state premiers, trying to clean up the mess left by too many years of state labor.

There is little doubt labor has put the preverbal brakes on, effecting confidence.

Rechtub sorry you are looking at this country with glasses that have steel lens

Belly, if it were a 'race' you would call the Australian economy a Bradbry, as our competitors have fallen over, doesn't make us strong, just stronger than the others, there's a huge difference.

The demise of the coal industry (thermal) was a given. The carbon and MRRT taxes just brought it forward.

Where governments should have considered helping this sector, they chose to punish it, despite the obvious ominous signs. Perhaps they (the miners) should have built cars in an unaffordable manner, at least then they may have stood a chance of assistance.

The recent poles are a classic. You note labor are not crowing about the numbers, that's because they know that the libs have slipped, rather that labor has risen.

With so many people loosing their jobs, and twice as many sleeping with one eye open, many labor followers would be sitting there saying, how can this be, we are in great shape. Apparently!

Sorry Belly, posted twice.

Actually Belly, I am looking at the economy with no glasses.

Have a good hard look yourself and tell me things are rosy.

You had better brace yourself for a lot more strikes old mate.

To take the country as a whole we are doing exceptionally good. QLD has man made problems with CN wanting to demolish the state in five minutes.
Is that what QLD voted for, or was that an unmentioned agenda.
Your posting is confusing state issues for AU.
Unemployment is in good shape. Your argument is predictable.

579, no point you complaining about the QLD & NSW sackings;

You do not have the money to pay them !

Bazz, they do have the money, they simply borrow it.

They (government) have no idea how we are going to pay it back, that's why they are looking under every rock possible for ways to increase taxes, as there MRRT and carbon taxes look like being a flop.

Remember those famous words, A surplus at any cost.

Boy those words are going to come back to haunt him.

It was stated in parliament 2 days ago, the surplus is on track.
Why raise taxes, you keep telling us about all this wasted money in the system, so you answer your own question. When this wasted money is retrieved some people will complain, because we can't suite everybody, can we.

On Tuesday night I attended a meeting organised by the Sustainable
Population Australia organisation.
The key speaker was Richard Heinberg. (End of Growth)

One major point that he made in his talk was about peak debt.
It appears that the amount of credit that has been generated by banks
and central banks has reached the point that the debt cannot be
repaid in an economy with no or low growth. eg Greece, Spain & Italy.

It is inevitable that at some point soon a crunch will occur.
One suggestion, that a cargo can not be loaded on a ship because a
free on board cannot be issued because a bank refuses or is unable to issue it.

My thought; This may well happen before fuel problems occur.
With China winding down, will the resultant GDP be enough to repay our debts ?

579...it was stated in parliament 2 days ago, the surplus is on track.

And you believe that!

May I suggest you stop listening to Mr Swan and have a good old fashion look around.

The latest prediction from credit agencies was for another deficit of around $20 billion, the same as suggested by your Mr No.

With the thousands that have lost their jobs, along with the thousands in waiting and the thousands sleeping with one eye open, who do you think may have it right.

Those on this thread will find the following url of interest.

http://tinyurl.com/c3m5obo

It discusses the relationship between unemployment and energy consumed
in the economy. As the resources industry winds down less energy will
be used and unemployment will rise.
That seems a simple enough relationship, but it will be interesting to
see if energy use continues to decrease, will unemployment continue to rise.
There does seem to be a direct relationship. If so what does shutting
down power stations say ?

Watch this space.

Ming the Mechanic: The unknown 20 trillion dollar company

There is a busy little private company you probably never have heard about, but which you should. Its name is the Depository Trust & Clearing Corporation. See their website. Looks pretty boring. Some kind of financial service thing, with a positive slogan and out there to make a little business.

You can even get a job there. Now, go and take a look at their annual report. Starts with a nice litte Flash presentation and has a nice message from the CEO. And take a look at the numbers.

It turns out that this company holds *(
23 trillion dollars in assets,*

and had 917 trillion dollars worth of transactions in 2002.

That’s trillions, as in thousands of thousands of millions. 23,000,000,000,000 dollars in assets.

Full story

http://ming.tv/flemming2.php/__show_article/_a000010-000923.htm

Do you see the custody and safekeeping services offered?
Thats right.
What do you think that’s all about?
Safe keeping of original instruments of indebtedness in their original form?
i.e. original stock certificates, original mortgages, original birth registrations, etc.
How else could they claim to hold assets in excess of $34 trillion dollars?
Thats right….now your on to it.
I would never tell you this if I was not in possession of proof.
http://ming.tv/flemming2.php/__show_article/_a000010-000923.htm
http://www.dtcc.com/about/subs/dtc.php

OUG, well it is correct, it is holding paper.
Paper for pulping is worth very little.
The paper represent debt, but the debt of that level is worthless.
It can never be honored, even the pixel money generated will not be
able to honor those debts.
If someone is silly enough to generate enough pixel money to cover them
the inflation will simply cancel them out.

Do you have money in the bank ?