Recession is part of the economic cycle. Kevin Rudd spent all of the surplus and borrowed much more to avoid something that cannot be avoided . Look at the uk, they spent a lot of money to avoid a Recession which now has stuffed them up . Recession will happen if not now then later which will be much worse
dunno about every ones talk about kensians etc, just kinda wonder if the G w Bush administrations propping up of the us consumer market with fed reserve 1% loans, after the events of sept 11th, and mobilising the world most mechanised army on 2 wars simultaneously and there by consuming the global fuel surplus may have had anything to do with the current global ecconomic woes??
The fundamental problems will always be the banks. We borrow money from a private Federal Reserve Bank. Australia is being bled dry for its natural resources. The elite are crapping in our face with all their rules and propaganda.
Australia recession will being in 2009. If you google "List of countries by external debt" and compare our debt to U.S. per capita you will see that both countries face far greater debt than that preceding the great depression. Now that our major trading partner china is soon heading into recession (they report a staggering 34% decline in their imports for the last 2 months alone) we are in for a wild ride.
every ones spending , reducing rates and borrowing.. keep injecting that crack cocaine into us debt addicted junkies.. pile of crap.. this kensyian line is being played all over the world now.. from uk to us.. the only result with be hyperinflation, depression, and a devalued currency.. oh and ridiculous levels of taxation for many generations to come. welcome to the new global feudalist paradigm everyone.. god help our children.
I KNOW! We're FINE in Australia, the fundamentals are all sound! One little recession, have it, get it over with and go back to work, the medicine they're feeding us is worse than the illness, they're doing everything imaginable to try and cure the problems associated with over indebtedness, with MORE DEBT! Let the bubble deflate dammit, let prices come down a bit and start to reflect the real economy and what people can actually afford, these Keynesians will be the death of us all.
1adadad, one side affect of the recession is that it will reduce the world consumption of oil. You might find a Youtube video "Talk by Michael C. Ruppert" taped in 2005 informative (especially part 2).
I don't believe this plan will work...maybe in a short timne but in the long run Austrialia will go into a recession and worst of all with a hole in the surplus.
The problem is the practice of fractional reserve banking and the Central Banking system. This is the controlled demolition of the global economy and it is being carefully orchestrated.
Its the end of a 100 year long pyramid scheme that has been purposely been designed to go so far and then implode, effectively transferring the wealth of individuals into the hands of an international cartel of criminal banksters.
that is nihilistic pessimism. the central banking system is to regulate inflation and the official cash rate. international cartels are not out to get you, i suppose you will next claim that the government is covering up their contact with et and corporations are brainwashing consumers.
Australia's slowing economy is due to an unsustainable rate of growth for the past 17yrs brought about by the US economic crises! propaganda lowers business and household confidence worsening the situation.
Rudd is spending Australia's Retirement funds on Infrastructure, I don't think that is a good idea, do you?
I feel that Australia is in Recession, however the official statistics, do not show this yet, hopefully they wont. The Globalist's plan however is for a serious Depression, but we can stop it!
everything happens on a global scale these days,so our leaders are globally responsible,still they keep trying to act as the saviours in all this,when they are obviously the ones responsible. Stop voting for them.
Recession is part of the economic cycle. Kevin Rudd spent all of the surplus and borrowed much more to avoid something that cannot be avoided . Look at the uk, they spent a lot of money to avoid a Recession which now has stuffed them up . Recession will happen if not now then later which will be much worse
hanvo216 1 year ago
dunno about every ones talk about kensians etc, just kinda wonder if the G w Bush administrations propping up of the us consumer market with fed reserve 1% loans, after the events of sept 11th, and mobilising the world most mechanised army on 2 wars simultaneously and there by consuming the global fuel surplus may have had anything to do with the current global ecconomic woes??
bogwarriorG 2 years ago
The fundamental problems will always be the banks. We borrow money from a private Federal Reserve Bank. Australia is being bled dry for its natural resources. The elite are crapping in our face with all their rules and propaganda.
Easydollars 2 years ago
Only people 80 years and older have a clue what a REAL RECESSION Is.....never mind DEPRESSION!!
Most Australian people, have never really done It hard In their lives...as the comment by
luke666808g proves...
Dont kid yourself mate!!
We have almost the exact same problems here, and there will be follow on effect when It finally does happen
macca38au 2 years ago
Australia recession will being in 2009. If you google "List of countries by external debt" and compare our debt to U.S. per capita you will see that both countries face far greater debt than that preceding the great depression. Now that our major trading partner china is soon heading into recession (they report a staggering 34% decline in their imports for the last 2 months alone) we are in for a wild ride.
0urGaia 3 years ago 2
every ones spending , reducing rates and borrowing.. keep injecting that crack cocaine into us debt addicted junkies.. pile of crap.. this kensyian line is being played all over the world now.. from uk to us.. the only result with be hyperinflation, depression, and a devalued currency.. oh and ridiculous levels of taxation for many generations to come. welcome to the new global feudalist paradigm everyone.. god help our children.
1adadada 3 years ago 4
I KNOW! We're FINE in Australia, the fundamentals are all sound! One little recession, have it, get it over with and go back to work, the medicine they're feeding us is worse than the illness, they're doing everything imaginable to try and cure the problems associated with over indebtedness, with MORE DEBT! Let the bubble deflate dammit, let prices come down a bit and start to reflect the real economy and what people can actually afford, these Keynesians will be the death of us all.
luke666808g 3 years ago 4
1adadad, one side affect of the recession is that it will reduce the world consumption of oil. You might find a Youtube video "Talk by Michael C. Ruppert" taped in 2005 informative (especially part 2).
0urGaia 3 years ago
if they spend my super on building roads ,does that mean ive got a road and no super.
trent3727 3 years ago
I don't believe this plan will work...maybe in a short timne but in the long run Austrialia will go into a recession and worst of all with a hole in the surplus.
55310442 3 years ago
why is this Gruen guy peddling debt to govt so much?
oh wait, he lobbys for BUSINESS!
xavster 3 years ago 3
i hope we have a recession so houses are cheaper.
67675656565655656565 3 years ago
Thanks. So what happens after the system collapses?
philwarinsky 3 years ago
Freedom. I'm not sure how, but we will find a way!
SentientSight 3 years ago
Hey Aussies--what is your alternative energy policy?
jburt56 3 years ago
the alternative energy policy is increasing prices on existing power utilities, and then not actually doing ANYTHING.
splintercell99 3 years ago 4
You need to mandate percentages by certain dates. It's working in Oregon. . .
jburt56 3 years ago
The problem is the practice of fractional reserve banking and the Central Banking system. This is the controlled demolition of the global economy and it is being carefully orchestrated.
Its the end of a 100 year long pyramid scheme that has been purposely been designed to go so far and then implode, effectively transferring the wealth of individuals into the hands of an international cartel of criminal banksters.
Its one big privately run scam.
Its time to stop complying with the system.
aodscarecrow 3 years ago 6
that is nihilistic pessimism. the central banking system is to regulate inflation and the official cash rate. international cartels are not out to get you, i suppose you will next claim that the government is covering up their contact with et and corporations are brainwashing consumers.
Australia's slowing economy is due to an unsustainable rate of growth for the past 17yrs brought about by the US economic crises! propaganda lowers business and household confidence worsening the situation.
youtoobchooser 3 years ago
good old Rudd always pretending to be the saviour, even while he adds to the problem
splintercell99 3 years ago 5
Rudd is spending Australia's Retirement funds on Infrastructure, I don't think that is a good idea, do you?
I feel that Australia is in Recession, however the official statistics, do not show this yet, hopefully they wont. The Globalist's plan however is for a serious Depression, but we can stop it!
SentientSight 3 years ago
So what are you saying that Australia is in a recession ?
or that Rudd is doing the right thing in Spending billions on infastrutor /??
Mediawatch08 3 years ago
everything happens on a global scale these days,so our leaders are globally responsible,still they keep trying to act as the saviours in all this,when they are obviously the ones responsible. Stop voting for them.
countesscristo 3 years ago 5
Excellent video with great insite write ups, well done!
jmaros15 3 years ago 4