LIVE WITHIN YOUR MEANS!!

My Family "Live Within Our Means". I taught my children exactly that, and we are moving a long very strongly. We never fell for the "CONSUMERISM RUBBISH" and all the hype about spending money we don't have. We have no personal debt and we did not get sucked into the "GREED IS GOOD" syndrome. We are middle class Aussies with good common sense, a very grounding we received from our Families to pass on to our children. Steve Keen was right! Thanks Steve, we followed your advice and we WON!

Mad as Hall

did he say a WEEKLY dole payment in USA of US$405? re the 405 Club who meet. is this correct? seems a lot of loot on the dole. if correct, i'm moving to the States...

Mad as Hall

did he say a WEEKLY dole payment in USA of US$405? re the 405 Club who meet. is this correct? seems a lot of loot on the dole. if correct, i'm moving to the States...

Mad as hell

Isn't this just a case of placing all your eggs i one basket?? Looks like the financial advisers of today did not learn anything when they earned their degree in Uni. Simple fact - If you can see clouds, it will eventually rain!!!!

Mad as hell

We have been happy being greedy. We buy cheap products from Asia therefore are happy with kids and others working 12 hours a day under conditions we would not tolerate, unfortunately we are now in that position. Credit cards, who thought those up, whats wrong with personal loans? Why cant we wait till we can afford before we buy. I could go on but the general population is equally responsible, the financiers just responded to our demands. We want someone to blame for our mistakes

Mad as hell

You know what they say, you borrow a small amount and get into trouble it is your problem, borrow a lot it is the banks and you can add to that, completely wreck and abuse the whole system, it is the Govts, ie the taxpayer. 'Hedge Funds', the very name conjours up something slimy and illegal, but people are greedy (financiers and people).I am 50, never had a new car, bought a 30 year old house & completely own it, all on the average wage and I have 3 kids. DO NOT SPEND MORE THAN YOU CAN AFFORD!

You forgot to interview Colin Campbell, Ballydehob, County of Cork

Peak Oil - The Credit Crunch Predicted In 2005 "....but apparently the banks lent more than they have on deposit, and at first sight you say that can't be possible, but it turned out that it was. And it was because banks had confidence that the resulting expansion of all of this investment and debt and loans and everything was sufficient collateral for today's debt. So expansion tomorrow covered the debt of today." But then peak oil hit 2005-2008 http://au.youtube.com/watch?v=MgX1HIzljFs

Change the Global Financial System

Andy Stern is quite right. We need a new global financial system. Replace the World Trade Organization with a Fair Trade Organization. Replace the World Bank and the Bank of International Settlements with an international clearing house such as the one advocated by Keynes in the 1930s. Abolish the IMF and the debt creed it propagates. For more information, read Frederick Soddy's writings on Money - he discovered nuclear fussion and isotopes and was a Nobel Laureate.