ALAN KOHLER

Discussion in 'Markets & Economies' started by Ikikyabut, Oct 12, 2011.

  1. Ikikyabut

    Ikikyabut New Member

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    Ikikyabut, Oct 12, 2011
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  2. boneyard

    boneyard Well-Known Member Silver Stacker

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    Thanks for the link.

    More info than his 1 minute blurb on ABC.

    Also good to read the many comments below his post.
     
    boneyard, Oct 12, 2011
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  3. jnkmbx

    jnkmbx Well-Known Member

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    He's actually gone out and looked into something the tin foil hat brigade would discuss. O_O

    "92 cents of every dollar deposited with a bank can be lent out as fresh money to someone else, thus creating money out of thin air"
     
    jnkmbx, Oct 13, 2011
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  4. CriticalSilver

    CriticalSilver New Member Silver Stacker

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    Alan Kohler has called the mess in Europe without pulling any punches, in his matter of fact, completely reasonable tone.

    Unbelievable! LOL. The whole thing, laid out and . . . yawn . . . well, we're Australia, governed to within an inch of our lives, dosed up on Flouride and even accepting of an Exhalation Tax, so nothing is too outrageous of course. If you haven't seen it check it out.

    http://www.abc.net.au/insidebusiness/content/2011/s3363565.htm
    [youtube]http://www.youtube.com/watch?v=YaugVRQkbVs[/youtube]

    That there is no outrage tell you all you need to know.
     
    CriticalSilver, Nov 19, 2011
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  5. JulieW

    JulieW Well-Known Member Silver Stacker

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    Bless the ABC.
    "Hotbed of lefties and radicals with an anti-goverment agenda".
    Long may they broadcast.
     
    JulieW, Nov 19, 2011
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  6. leo25

    leo25 Well-Known Member Silver Stacker

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    good to see Alan speaking his mind. He is probably the only person in the mainstream media that tells it how it is.
     
    leo25, Nov 19, 2011
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  7. jnkmbx

    jnkmbx Well-Known Member

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    I watched that episode of Inside Business while getting changed and definitely wasn't expecting to hear "new world order" coming from him lol

    For what it's worth, I'm glad he said all that via the MSM. :cool:
     
    jnkmbx, Nov 19, 2011
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  8. hawkeye

    hawkeye New Member Silver Stacker

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    Incorrect. They issue debt, not currency. However, in this world the definition of money is nebulous (deliberately so, I think). Both currency(cash and coins) and debt(or credit) are referred to as money. The money in my bank account is a debt that the bank owes me, not currency. When I ask them to pay it out they have to pay me in currency. It's a demand deposit. I wish this would get clarified in the mainstream.

    If banks could issue currency they would never go bankrupt.
     
    hawkeye, Nov 20, 2011
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