Australia foreign debt

Australias one trillion dollar private foreign debt or 96% of GDP makes Greeces Public debt of12% of GDP look tiny! This foreign debt is being used to inflate real estate prices here to an unsustainable level.Go, Aussie go Oi, Oi.!!!!

A good interview!

I really enjoyed the interview with Ms Lagarde. She was able to explain the GFC in simple and understable terms. Capatilism is not inherently bad in itself. Governments set the boundaries within which capitalism operates and we need government to protect our interests from corporate greed. When greed is allowed to run unchecked we all suffer. A frim hand on corporate excess and strong regualation is needed of banks. The banking sector will never submit willingly to government oversight.

Some simple questions...precisely where has the money gone?

Some simple questions, how much money is gone? where has it gone? who has got it now and why? Who is really driving this "new system agenda" George talks about? Is it really about a new global currency & Federal Reserve system which the few people who I suspect have been raping the west via IMF policies control?? It seems that the privately owned Federal Reserve Bank (which produces money out of thin air AND on-lends lends to it's "associated" banks to lend to us all) is the real issue?

GOLDMAN SACHS CONNECTION TO GREEK GOVERNMENT DEBT

An article in the newspaper "Le Monde" recently made the connection between some of its high profile employees or people on its payroll, such as Otmar Issing and how the New york bank helped the Greek Government hide its huge debt by trafficking the figures. So the Greeks are innocent are they?...........

Quote: Darcy, March 01/2010 "Nothing is Perfect"

"... if someone has another way to create wealth and lift people out of poverty I'd like to see it". If you see wealth in terms of money, material possessions, going on guided tours, lazing at luxury resorts, admiring city skylines in awe, you're on the down side of the equation. If you're using your own unique given virtues you have discovered wealth. Generate that asset and the scales will tip... eventually. I admit it's a long, hard road, but your legacy will prevail for the next generation.

When PIGS fly

I loved the interview with Ms Lagarde. As much as it was wrong to use the acronym PIGS by the geopolitical animals, I will defend the freedom for the use of the acronym to the death. My other criticism is that is was wrong to generalize that the leaders of Greece during the EU membership procedures deceived the EU. I can argue that France lied about the correlation of the incidence of throat cancers & nuclear bomb testing in the French Territories of France in the Pacific. Alas moi deception!

A simple suggestion for a good question from Darcy

Since we are playing the blame game on greed and immoralty, why don't come up with a tax system that taxes all executive bonuses at 25% and use that tax revenue for providing finances for reputable orphanages, aid groups in citical problem areas and to as best the possible arridication of child homelessnes world wide, for example the glue kids(they must sniff solvent to survive) of kenya they amass to more than 500,000 we as humanity have a duty to do something about that.

It Is Written

Why aren't the maker's instructions taken into account: He who has money will never have money enough. The love of money is the root of all evil. There is he that scatters (gives) and increases, And there is he that holds back more than he needs and that tends to poverty. Give and it shall be given unto you, pressed down, shaken together and running out all over shall men give to you. Owe no man anything but the debt of love. Pay what you owe when you have the money to pay it back.