95% of which is private debt.. a far cry from the $96 Billion of public debt that existed previously. If people started to live within their means, go without certain luxuries, then maybe our reliance on credit would not be so severe.Naylyn said:Oh and I wonder how many people realise that the foreign debt under Howard is heading towards 500 billions dollars and I can't wait to see the latest foreign ownership figures
How can 95% of Foreign Debt be private? Most private debt is with domestic banks...unless those banks are foreign owned.frog12986 said:95% of which is private debt.. a far cry from the $96 Billion of public debt that existed previously. If people started to live within their means, go without certain luxuries, then maybe our reliance on credit would not be so severe.
It has become a trend to furnish the house with the top of the line goods, and pay regular items such as food with your credit card; personal responsibility and control would go a long way.
The old days of SAVING to buy a television, SAVING to buy a lounge suite or SAVING to go on a holiday are long gone. The demand for credit is unsustainable in such a small economy, so naturally the reliance on foriegn capital is going to be much greater..
I for one would like to hear from the ALP how they intend to keep interest rates and inflation low, employment and growth strong, and reduce this so-called 'foreign debt'..
Collective bargaining certainly won't be the answer, particularly as the labour shortage grows..
How can 95% of foreign debt be private? Based around the notion of savings..Naylyn said:How can 95% of Foreign Debt be private? Most private debt is with domestic banks...unless those banks are foreign owned. .
When Bob Brown retires, the Greens will face the same fate as the Democrats and every other fringe party in Australian political history..KataK said:CLEARLY the choice is well...clear! The Greens! Whether u agree with all the policies or not, they have stayed together as a party and have a very contemporary approach to issues. With climate change upon us... its totally time for a freasher, greener approach. if u like dirty coal vote howard......
.I like my lungs and i hope u do too, vote for the greens.
And so what if they dont get elected to government (which is likely), at least u raised their voter percentage ratings which means those in power will start listening to their ideas.
Yay! political debate... its so exciting!
Peace Out
KataK
Just because people are bad savers doesn't mean that the banks won't have money to lend out, especially since banks are allowed to lend out over 18 times the amount of money that is deposited in them, and building societies are allowed to lend out over 30 times the amount. Yes banks literally create money out of nothingfrog12986 said:How can 95% of foreign debt be private? Based around the notion of savings..
Australia has one of the lowest savings rates in the world, and subsequently the supply of capital for domestic banks to lend is greatly reduced. Inadvertently, the financial institutions have to borrow from overseas to provide cash flow and capital for lending..
Now I'm no economic expert, but that is my understanding of the whole issue. If Australians are in vast amounts of debt, how else would they be able to borrow from financial institutions when savings levels are ridiculously low. The cash flow doesn't just appear out of the sky..
PG 4 PM... I think that says more about your post than actually reading it..Naylyn said:Just because people are bad savers doesn't mean that the banks won't have money to lend out, especially since banks are allowed to lend out over 18 times the amount of money that is deposited in them, and building societies are allowed to lend out over 30 times the amount. Yes banks literally create money out of nothing
If we it's true that the banks still don't have enough money then this country has some serious problems, apart from the others that we already have...
my my my... what shall we ever do about cynics....frog12986 said:When Bob Brown retires, the Greens will face the same fate as the Democrats and every other fringe party in Australian political history..
Ahh but aren't most Australians.. I like to call it realism..KataK said:my my my... what shall we ever do about cynics....
I doubt that all Green voters are just voting for Brown. It's a broad social movement which will always have a solid base of around 10% in the community (mainly young).frog12986 said:Ahh but aren't most Australians.. I like to call it realism..
Aside from Brown the only person who could remotely remain anyway near as effective is Kerry Nettle, and well, she doesn't really have the leadership charisma to hold a party together..
In a political climate where leadership dictates success, the Greens have a bleak future..
True, but would the removal of Brown negatively affect the party organisation and structure?Iron said:I doubt that all Green voters are just voting for Brown. It's a broad social movement which will always have a solid base of around 10% in the community (mainly young).
Brown has been able to put an acceptable face on the party as he has no personality. But dont kid yourself. All they want is a few key seats in the Senate (which over-represents them because of stupid state quotas) and that will let them ransom some unfortunate future government.
I dont see how they would be affected.frog12986 said:True, but would the removal of Brown nagatively affect the party organisation and structure?
Could not agree with you more..Iron said:I personally hate all minor parties. Dont mind the independent, but minors are scumbags. How a party with around 7% of the vote, like the Nats or Greens, can dictate goverment policy by holding the balance of power, is beyond me. Take out the Senate John. Reform it within an inch of its life I say.