Debt Levy

Discussion in 'Current Affairs' started by dagsgarrett, Apr 27, 2014.

  1. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Are you sure that that is a Liberal philosophy? You are making a very broad and nasty judgement on people who you disagree with.
     
  2. Ghost Story

    Ghost Story Active Member

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    not being nasty read through this thread its very clear where the lib pundits are heading I can talk till the cows come home its not going to change them, but it has given me a stronger resolution to do whats right, we will vote again soon! good luck.
     
  3. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    As long as you don't complain when someone else makes equally nasty and unjustified comments about you or your ideologies.
     
  4. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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  5. Ghost Story

    Ghost Story Active Member

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    no use complaining I have been called all sorts of names but stay true to the cause its what makes this work is that we all don't agree otherwise there would be total disarray! none of us want that !!
     
  6. Ghost Story

    Ghost Story Active Member

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    if you read back through what I have written my main concern is governments not standing up to big business, and maybe we can all relate to this video, so while we may disagree about who is doing what i.e lib, labor at the end of the day we all want the same thing I believe is equality my thoughts are the labor gov has a better understanding of that and that's why I go in that direction but still they need to grow some balls its the better of the 2 choices for me.

    if I started my own party it would be more about holding big business to task and regulating them for the greater good, where in reality its the other way around big business regulate governments. so hence my labor affiliation because they are in their true form help the poor and that's where conflict comes from as people with money don't want to part with it to help others. so we have conflict. and it may be idealistic but there is enough food made yearly to feed every human being on the planet, why are people starving and living on the streets? something is not right !!

    [youtube]http://www.youtube.com/watch?v=5fbvquHSPJU[/youtube]
     
  7. hawkeye

    hawkeye New Member Silver Stacker

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    It's government interference in business, and particularly banking that is causing the problems.

    There are people in government that now realise, I think, that a huge financial disaster is approaching the Australian economy. When will it come? Who knows? I've been thinking it is just around the corner for 5 years now, so I don't know.

    The facts are that government has encouraged the build-up of private debt in the market. They do this by lowering the interest rate below the market rate and various other ways of encouraging people to get into debt with the emphasis being on property debt. Property bubbles are what destroy the banking systems of a country when they burst. This destroys the balance sheets of the banks. First they become unable to lend, a credit crunch, and then it gets so bad that they are effectively bankrupt and can't meet their obligations.

    Australia's banks are going to need a huge bailout. A massive bailout. The government, regardless of labour or liberal, are going to need to steal massive amounts of money from the populace to have any chance at all of bailing out the banks. They don't have to want to do it all in one go, hence things like the debt levy.

    Basically the government turned the financial system into a huge casino. They said to the banks go and bet as much as you want, you get to keep the winnings and if you lose you will be reimbursed your losses. The banks just did what comes naturally in such a situation. They bet the entire farm and walked away with huge winnings. When they lose the taxpayers will be paying the losses.

    Not only that but because the banks are such a huge part of the Australian financial system, the devastation is going to be felt right across Australia. Think superannuation.

    The only thing holding up the whole ball of wax is the cashflow coming in from China. That is paying the interest bills on all the debt at the moment.

    To coin a phrase, "When China sneezes, Australia will get pneumonia".

    Who is to blame? Government. On both sides. The critical part of this entire puzzle is to understand that government CANNOT manage an economy. It neither has the ability, the motivation or the structure necessary to do so. It can only screw it up. And oh boy, the screw-ups in the Australian economy are going to lead to something spectacular. My advice, stand back. Get to a safe viewing distance.
     
  8. col0016

    col0016 Active Member

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    So because I believe in individual liberties I therefore want to kill poor people?
    (I assume you're lumping libertarians in with liberals)
     
  9. Ghost Story

    Ghost Story Active Member

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    So the banks are lending money to people to buy more than one house, then those people get people who can not get a loan to pay their houses off in the form of rent?
    so the people with more than one property are buying out of fear of the future or greed? probably fear they wont get the pension banks are going to collapse and they will lose their super? so they have to have something to fall back on?

    what if there were no renters and everyone owned a house/home/property?

    so what is driving the gap between have and not have so much? fear ?? people collecting up property's ?

    banks only lending to people they say can have a loan? surly anyone paying rent could get a loan and buy a property they are paying monthly payments anyway?

    what I see is fear and greed driving people to have more than they need?

    all these are questions I don't know what's happening in others minds but a lot of comments I have read on here are anger based which covers fear for the most part.

    my bills are paid today why do I need more than that?

    my biggest problem is keeping those white moths off my cabbages :)

    if what you said is true and I believe so then its just creating a gap that can only be destructive?

    just as a side note the of nsw O'Farrell Gov. passed a law to enrol people to vote without their signature and we know who most of those people are they are the lower income earners a master stroke of genius on his part I am sure because we all know which side they lean too, and from what I understand federal Gov. is not far behind so there is going to be more people voting left than ever before.

    look I get why people want to have lots of security, but its counter productive to them because it creates the thing they least want and that's fear because there is only so much to go around then they get taxed harder to help people they are getting to pay off their loans.

    I don't make the rules what I am looking for is truth and I see a lot of fear mongering and people living in fear that they will lose a lifestyle they are used too and if they banks do close as you say, then who's going to buy the houses ?

    so all that fear based buying is causing the problem?

    as for china well we better start learn mandarin because we have no kahunas to stop them!!

    we use to turn our iron ore in to steel in Australia but now we don't want to get our hands dirty so its shipped off 99% of people don't care because they don't see what's going on and no one's going to tell them like the mining company's ad's of 2011 or when ever why don't they make ad's about what they are doing now?

    so when I crunch it all up what I see is fear driving Gov. and people, not a good way to live is it :)

    anyway its been a very interesting discussion and I have learnt a lot and that's a good thing !!
     
  10. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    I have to respectfully disagree with you that Labor are not in the pocket of big business. The Labor party was set up, is owned, controlled, curated, staffed and directed by some of the biggest businesses in Australia. The CFMEU, the AWU and other big, wealthy, self interested unions. We saw the Labor Party as a matter of course put the interests of the Big Unions ahead of the national interest. They are actually more under corporate rule than any other party.

    Surprisingly, the Liberal Part just stood up to even bigger corporations and refused them welfare - Qantas, Coca Cola Amatil, General Motors. I would have to disagree with you that Labor "look after poor people" - They look after the unions. In the end they all look after themselves - Liberal, Labor, and the even greater hypocrites - the Greens politicians who sit on their high horses and rail and complain about everything but who in the end are just men and women in suits following the big bucks with big houses, big cars, lots of airplane flights and lots of waste.
     
  11. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Do you always think the worst of people and their motives?
     
  12. Ghost Story

    Ghost Story Active Member

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    yep :) I may come across as a big labor fan but I am not its just for me the lesser of 2 evils as I see it :)

    last party I was a member of was the shooters & fishers party http://www.shootersandfishers.org.au/

    LOL handing out flyers at election day and am sure some people wanted to shot us I saw the funny side of it :)

    no I am not a hunter any more but I do go gold detecting and other out door activities that the greens want to take away and don't see libs doing much better!

    toss a coin they are all dicks I know , but when people want to posts the way they demand the right to have what they have at any cost being taking food from another I get up and fight because its wrong and have explained that in a previous post.

    all I ask those people is one day the shoe could be on the other foot.

    what's that saying to know another is to spend a day in his shoes.

    I have been rich I been poor and right now I don't care either way I am happy and that's all that matters and stuff doesn't make us happy it just deflects the reality's of life that its not easy and we are all gunna die no amount of toys or houses or what ever will change that so happiness is in the mind not from outside us!! as we have been brainwashed in to thinking :(

    yes I like my toys but I don't need 10 of everything to be happy !!

    I guess at the end of the day life is what we make it and it does happen between the ears :) peace I mean :) not in the amount of digits in my bank account.
     
  13. nonrecourse

    nonrecourse Well-Known Member

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    ^^^^^^^^ Spoken like a true employee, cough, cough,cough, I just wannabee happy :rolleyes:

    Kind Regards
    non recourse
     
  14. Ghost Story

    Ghost Story Active Member

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    didn't say I wanna be happy said I was happy :)
     
  15. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    That documentary that you posted is very interesting indeed. Thanks!
     
  16. Goldrush

    Goldrush Member

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    Some wise words spoken there mate. I grew up poor and through hard work and determination have done alright so far to provide a good life for my family. Originally I wanted to be materially wealthy as I aspired to have all the things that I didn't have growing up. I wanted to make my parents proud that a poor kid could make it and rub shoulders with some of the most wealthy people around. Funny thing is when you get to see some of these wealthy people up close you realise they are no happier than the average joe. As a case in point my brother used to work for one of the super wealthy in the United States, this is a person who earns more in a day than the majority of people will see in a life time. They are miserable, abuse alcohol most days and enjoy screwing contractors over just because they can. My brother told them a few honest truths one day and than walked out as he couldn't stand it anymore. I am proud of him, because he stood up to this person and wasn't going to sacrifice his own morals for the sack of money.
    You only have to look at some of the stories getting around of the mega rich to know that all isn't great in their lives. James Packer is another example, he even admitted as much in an interview that his personal life was a mess, than we have the punch up with his best mate on Sunday arvo.
    At the end of the day if all your primary needs are meet it's your personal relationships which will either give you the most joy or pain in your life. I know also being able to do something nice for someone else without expectations of anything in return gives me a lot of enjoyment, I try to do it daily to complete strangers as well and it's amazing how much happier I am with myself now than a few years ago.
     
  17. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    the $6 co payment is just the top of a very slippery slope the liberals are pushing us towards an American ** hack spit** style system. They have always been against medicare and this is their first step to see it gone.

    Another broken promise by Phoney Tony who said no changes to health.
     
  18. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    It sounds about right to me as the Libreal way.
     
  19. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    If you see the world in black and white then I guess you will live in a black and white world.
     
  20. Ouch

    Ouch Active Member

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    The sheep have well and truly been shorn and are now getting sent to the Abbottoir (tm) to be slaughtered.
     

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