SR, OK now you've hit a nerve.
In the interest of truth and clarity, I suggest you are challenged to clarifying your otherwise wild, ignorant and arrogant slur about the CEC.
Unless you are an internal and viable part of this group you so quickly and vigorously attack and demean, I strongly suggest you shut up, as your comments and opinions about yet another thing you know nothing about only make you look even more desperate and needy, keen to show up anyone you disapprove of, based on YOUR twisted logic and reasoning.
So now that you've let the cat out of the bag, I challenge you to explain and justify your unsolicited denigrating of a group who are actually doing some good.
Unlike you and your mates.
Sad, and very low brow.

AC don't listen to the d!ckwad trying to denigrate the CEC.
He is a fool and has demonstrated it clearly once more, by his latest comments about the CEC.
The CEC has been at the forefront of all the cons the govt has unleashed on us, beginning with the disgraceful and devious way they pushed through the 'Bail-in' legislation.
It's now law.
Look it up.
Then there's the cash reduction laws they are trying to push through right now, which at inception is going to stop us from withdrawing/handling more than $10,000 cash, with an eventual follow-on of $3,000, then later $1,000.
But don't take my word for it look it up, you've got all the video's to tell the full stories.
And definitely stop listening to nasty little, know nothings like SR.

Hey SteeleRedux and ALTRAV,

I've only watched a small part of one of the videos so far.
I watched the one titled 'Queensland's Debts Are Spiraling Out Of Control' here.
http://youtu.be/SPTvOi_m8Lk

Thank you both for sharing your views and info.
I'm happy to hear alternative viewpoints on topics I know little about.
- And I don't know a real lot about the CEC or technical aspects of financial stuff.

Regarding cashless society ALTRAV, I just made a similar comment over on ttbn's 'Hands Off Our Cash' thread, so I do kind of know which way the wind is blowing, but thanks for sharing what you know.

Have the CEC been trying to tell people about these things, and SR thinks their claims are a little overblown / exaggerated / nutty?

In which case, fair enough I think I see the bigger picture now.
And it's ok, I still thank you both for your views and info.

Altrav,
I think you may have missed many of my points, so this time I'm numbering them to make it harder for you to lose track or ignore them.

1. AUSTRALIA CURRENTLY EXPORTS MORE THAN IT IMPORTS!
Our uncompetitiveness is a figment of your imagination. I've posted the link to refute your deluded assertion that our competitiveness is a figment of my imagination.

2. China took most of the value out of value adding.
Value adding was big in he 1990s. Most people, including our leaders, thought it was crucial to our future. But now there's not so much money in putting things together. What you regard as "value added jobs" are now the low value jobs that we're better off without. Australians are capable of so much more!

3. Financially, corrections are devaluations not downturns.

4. It's not a "kitty".
The idea that there's a fixed amount of money is rubbish. It's nearly all borrowed into existence.
Although printing money is NEVER EVER a substitute for working, there are times (and places) where doing so enables more work to be done. When demand is depressed, increasing supply generally isn't profitable.

5. Hypothetically if we had a huge trade deficit, your idea of an enormous internal devaluation would be just about the worst outcome imaginable. It would make the poor much poorer. Prices wouldn't immediately drop the way you imagine them to (even disregarding the price of imports which you seem to think poor consumers don't deserve the benefit of). It would be a lot harder to service existing debts - something you've twice ignored. Is your objective to punish poor people for daring to borrow money?

6. Rather than the economic catastrophe of your idea to turn us into a third world basket case by cutting wages, or even the business as usual approach of leaving it all to the markets, what we should be doing is increasing our ability to do high value work; that way our economy will be able to support higher wages.

To do this more effectively requires more research spending, better education and infrastructure.

Australians are capable of so much more!
Aidan,
I'd like to think so too but as long as we have their insipid cousins looking for exploiting loopholes instead of closing them, I'm afraid Status Quo will be order of the day !

Aidan, answering you by your own numbers;

1. You should read my comments again.
Yes we PROBABLY export more we import, but nothing that is going to help our un-employed.
It's a fact!
2. What a stupid thing to say, try telling a welder he's better off out of work because we are better off without his profession.
IT'S WORK, you moron.
And Aussies are really NOT capable of more.
3. Really? Semantics?
4. The current system has not worked, so let's try staying in the black instead.
This system only helps thieves/speculators.
5. We don't have huge trade deficit, so stop talking rubbish.
The poor are poor and can't afford imports anyway.
Poor or not we should buy Aussie anyway, don't care if someone can't buy imported goods, too bad, it won't kill them.
6. Now I know you really have no idea of what you speak.
Firstly, NO, absolutely NO increase in wages.
Why do think we are in this mess in the first place.
Have you been paying attention or not?
Secondly, we are incapable of 'high value' jobs.
That way we will not be able to support high value jobs because, you twat, THEY'RE TOO EXPENSIVE!
No to research spending, we are getting ripped off with nothing to show for it.
The education and infrastructure, situation, we are told repeatedly, are amongst the best in the world, I think the words they use are; WORLD CLASS!
No matter what you say, your way does NOTHING to get us jobs, TODAY.
We have experience in construction/fabrication/engineering, ALL value added and labour dependent jobs.
All that's missing is the final cost of our products.
So drop our internal costs, goods and services, and we immediately become competitive again.
If we do it our selves we might just come out at second world level.
Let others do it because we had your blind misguided ideals, and we just might be kicked down to third world.
WE won't suffer any social or economic shock, because the economy would come down together, so the internal financial interactions will be no different.