I could tell you a very interesting story happened to me,courtesy of Westpac, September 09, 2001, but I can say that even Australia will soon feel the effect of the world's economic collapse as china's aiming to get its GOLD back from the US that was/is due back since September 12, 2001, after the court ruling in the Hague. Australia will soon be ruined by the current stripping of its pressures metals; google for divinecosmosdotcom/start-here/davids-blog/1022-lawsuit-end-tyranny-ii
hmmm... one part of this video when he mentioned "whos going to buy the (US) bonds, they wont be returning their value"...
and was it today (10/3/2011) that PIMCO ("The world's largest bond investor") dumped/sold off 100% of their US government related bonds?? (please do correct me if im wrong/inaccurate)
It just shows... the man (Paul Keating) knows what hes talkin about! (especially with the video being a few years ago)
@jerepah Sure, i have no doubt, he was in politics mate, Bob hawke made his money from Suing Companies and hard working honest working blokes giving him 10% of their wage!
Ingredients for a dumb ass user to make money: Unions, politics and the Labour party.
To be smart is not a pre requisite my friend, just a good knowledge of how to use people and their money, not yours, blood sucking scabs making it big off the back of hard working honest blokes. sickens me to the core!
@therealshlong - The Australian economy is one of the world's largest so comparing it to a mere "company" is trivializing it & that's just dumb. Try not to resort to petty name calling as it reflects badly on your intellect. Your phraseology suggests that you are not qualified to judge anyone's state of mind so don't flatter yourself. But it's not all bad as it is uniformed impressionists like you that keep the rest of us amused. Now let me have it with another one of your hilarious rants.
@gotmyfingerrscrowsed No i didn't because as a business man i know all you need to look at in someones resume is their past, tells the story, he ran this into the ground, so no i didnt bother.
But i thought, why not? Maybe he changed..lol, so i watched.
Yes he is a fabian through and through, loves the concept of the NWO and people are a statistic.
And yes that is why those that are off the same belief manipulate markets which lead us all down that path.
@gotmyfingerrscrowsed Words are one thing my friend, action is another, the labour party i believe is the best by far at words, if i was to give awards out for spin it would go to them every year in row for the last 30 years.
Acton however is something different, why? because their focused more on the action than the words!
Look my friend, the old saying still holds true as you will yourself will admit "proof is in the pudding" This man's pudding was SHIT! If you disagree you weren't there!
@gotmyfingerrscrowsed True, that's my point though, he can talk the talk, but he certainly cannot walk the walk.
Anyhow what i do know is the libs are without a doubt a great deal more capable when it comes to fiscal policy, any graph produced over 50 years in any facit would prove this point.
Why? Because socialism doesn't work, taking from Paul to pay Peter is a false economy, whereas when both Paul and Peter are doing well, there is no borrowing going on.
@therealshlong WHAT!!!! Where are your facts? Because of this man you will retire with Super Savings that should make sure you live comfortably through retirement. Because of Hawk/Keating and their policies of tariff reduction, regulation for banks, independence of the reserve bank and floating the dollar our economy was able to withstand the Asian Financial Crisis, the crash after 911, and the biggest credit crunch since the great depression! The only SHIT I see here is your own vitriol
@therealshlong rubbish, this man ran some of the most important reforms this country has ever seen. No CEO or political leader of that time had the ticker and the b@lls that Hawk and Keating had. Look at the long list of achievements, they speak for them. You can attack his character BUT you cannot deny his achivements, they far outshine any other leader we have had.
During his tenure as Treasurer in the Hawke Cabinet Paul Keating was invited to be the keynote speaker at The World Economic Forum in Paris & he was introduced by the chairman as "possibly the greatest treasurer in world politics today". So not only was Keating very likely Australia's most progressive and successful & yes 'greatest' Prime Minister but he was also universally considered one of the greatest Treasurer's the world has ever seen. How do you like them apples 'thegstrings123'? Lmfao.
@Aust2008 Really sour, tastes like i am eating shit.
That's fine though, i'm sure those went through what was a localised depression and paid 17 odd % mortgages totally agree with these "World ecenomic" speakers.
Get real, if Aus was a Company do you REALLY think the shareholders would say the same thing??!! He would be a black listed CEO. Never to work again.
Think they got their cards mixed up LOL.
If you think it was a good time economically then you are truly deluded.
"thegstrings" - what are you on about? No long term commitments? He floated the dollar, reshaped the banking industry, took down the tarrif wall, created superannuation, moved the labor market to enterprise bargaining, and sparked the social and cultural debates that we're STILL having in 2009 - reconciliation with Aboriginal Australians, the question of a Republic. the Sexual Discrimination Act. And that is only a few domestic achievements. Like him or not, he was massive - he had vision.
What planet are you on? I hope you're being sarcastic. Keating had the highest unemployment, the highest interest rates (around 18%) and the worst dollar value in the exchange. This wanker nearly ruined Australia...
You are only 16 and most probably brainwashed. For every day Australia remains in the first world, you must thank PK for his works. A man of foresight he was.
The facts speak for themselves. Australia would've been in in a much better position now had it not been for PK. He nearly drove the Australian economy to extinction, and at the end of it all said 'It was a recession we had to go through'. Isn't it obvious this man is just covering for himself? Just look at the interest rates, dollar value and unemployment under the Keating government and you'll see how much of a corrupted criminal he really was.
His policies were for the long term, he brang home the bacon, but Howard reaped the goods that PK planted. If it wern't for him, we wouldn't have strong trade relations with China. There's so much more, but I'll leave it to you to study on it. Just for the note, the prime minister doesn't control/set interest rates, nor the dollar value. I think you need to read on that aswell.
I am well aware that the PM doesn't set any of those values, however, decisions that he, and his cabinet makes greatly influences those figures. I think you'll also find we had rather large trade agreements with China in our imports and exports long before Keating was PM.
Besides that fact you have chosen to argue with me negates the fact you can use the good-old "You're only 16" rebuttal.
Additionally, PK didn't make any decent long term commitments because the country hasn't ever quite been the same since. I think that proves his lack of initiative.
Tch, tch, tch.....'thegstrings123' you are so uninformed or misinformed whichever or both. If you would bother to do any research you would know that (1) The Hawke/Keating Government inherited 22% interest rates from the Fraser/Howard Government and (2) The recession that lead to high unemployment, inflation and interest rates was delivered to Australia via a 'worldwide recession' and as a result of the economic management of Keating we were the first country to emerge from the recession.
So the question is...what is China doing with all that dollar debts?..
One thing is for sure...they are not stupid...If I were them, I would be buying anything in dollars that is worthy and is at present discounted due to the financial crisis...e.g....Property or energy producing sectors or food producing sectors...land....But certainly not gold...it just glitters....
Why not allow China to buy up the toxic assets and when they default, China can then own the asset...Property....Hey presto then China can occupy that property with their people...They need accommodation for their masses and they have all that dollars of USA debt...America must pay their debt to the world and this is a way forward...Other than that America could (a) default or (b) let the dollar fall...either of these wouild upset our eastern cousins..
There's 11T total home mortgage debt in the US. That's 660B/yr @6% to carry. Suppose they upped the tax credit to 200% for the next few years, and then a gradual decline to zero. That would drive up home prices and make it possible for many more people to stay in their homes without punishing the people who've been paying. It would be far more stimulative in the short term too.
The Chinese gov' would have to be fucking barking mad, round the twist flinging their shit at the walls and screaming into the wind insane, to even loosely contemplate letting the asshole international-bankster-regime that is perpetuating the current global crime spree, anywhere near their yuan/RMB currency.
This has been flagged as spam show
I could tell you a very interesting story happened to me,courtesy of Westpac, September 09, 2001, but I can say that even Australia will soon feel the effect of the world's economic collapse as china's aiming to get its GOLD back from the US that was/is due back since September 12, 2001, after the court ruling in the Hague. Australia will soon be ruined by the current stripping of its pressures metals; google for divinecosmosdotcom/start-here/davids-blog/1022-lawsuit-end-tyranny-ii
stephenkurti 3 weeks ago
hmmm... one part of this video when he mentioned "whos going to buy the (US) bonds, they wont be returning their value"...
and was it today (10/3/2011) that PIMCO ("The world's largest bond investor") dumped/sold off 100% of their US government related bonds?? (please do correct me if im wrong/inaccurate)
It just shows... the man (Paul Keating) knows what hes talkin about! (especially with the video being a few years ago)
imlay1992 11 months ago
this man is wise.....
Dangermouse6340 1 year ago
This comment has received too many negative votes show
This man could not run a tap in his own garden for God sake!
If he was in the corporate world not only would have he been sacked, he would be sacked, then sued, then put in jail for a long long time!
therealshlong 1 year ago
@therealshlong Last i heard he was worth about $35 million, and he dropped out of high school at 17. Lol, go figure........
jerepah 1 year ago 8
@jerepah Sure, i have no doubt, he was in politics mate, Bob hawke made his money from Suing Companies and hard working honest working blokes giving him 10% of their wage!
Ingredients for a dumb ass user to make money: Unions, politics and the Labour party.
To be smart is not a pre requisite my friend, just a good knowledge of how to use people and their money, not yours, blood sucking scabs making it big off the back of hard working honest blokes. sickens me to the core!
therealshlong 1 year ago
@therealshlong - The Australian economy is one of the world's largest so comparing it to a mere "company" is trivializing it & that's just dumb. Try not to resort to petty name calling as it reflects badly on your intellect. Your phraseology suggests that you are not qualified to judge anyone's state of mind so don't flatter yourself. But it's not all bad as it is uniformed impressionists like you that keep the rest of us amused. Now let me have it with another one of your hilarious rants.
Aust2008 1 year ago
Comment removed
gotmyfingerrscrowsed 1 year ago
@gotmyfingerrscrowsed No i didn't because as a business man i know all you need to look at in someones resume is their past, tells the story, he ran this into the ground, so no i didnt bother.
But i thought, why not? Maybe he changed..lol, so i watched.
Yes he is a fabian through and through, loves the concept of the NWO and people are a statistic.
And yes that is why those that are off the same belief manipulate markets which lead us all down that path.
therealshlong 1 year ago
@gotmyfingerrscrowsed Words are one thing my friend, action is another, the labour party i believe is the best by far at words, if i was to give awards out for spin it would go to them every year in row for the last 30 years.
Acton however is something different, why? because their focused more on the action than the words!
Look my friend, the old saying still holds true as you will yourself will admit "proof is in the pudding" This man's pudding was SHIT! If you disagree you weren't there!
therealshlong 1 year ago
Comment removed
gotmyfingerrscrowsed 1 year ago
@gotmyfingerrscrowsed True, that's my point though, he can talk the talk, but he certainly cannot walk the walk.
Anyhow what i do know is the libs are without a doubt a great deal more capable when it comes to fiscal policy, any graph produced over 50 years in any facit would prove this point.
Why? Because socialism doesn't work, taking from Paul to pay Peter is a false economy, whereas when both Paul and Peter are doing well, there is no borrowing going on.
therealshlong 1 year ago
@therealshlong WHAT!!!! Where are your facts? Because of this man you will retire with Super Savings that should make sure you live comfortably through retirement. Because of Hawk/Keating and their policies of tariff reduction, regulation for banks, independence of the reserve bank and floating the dollar our economy was able to withstand the Asian Financial Crisis, the crash after 911, and the biggest credit crunch since the great depression! The only SHIT I see here is your own vitriol
galactuslives 10 months ago
@therealshlong rubbish, this man ran some of the most important reforms this country has ever seen. No CEO or political leader of that time had the ticker and the b@lls that Hawk and Keating had. Look at the long list of achievements, they speak for them. You can attack his character BUT you cannot deny his achivements, they far outshine any other leader we have had.
galactuslives 10 months ago
During his tenure as Treasurer in the Hawke Cabinet Paul Keating was invited to be the keynote speaker at The World Economic Forum in Paris & he was introduced by the chairman as "possibly the greatest treasurer in world politics today". So not only was Keating very likely Australia's most progressive and successful & yes 'greatest' Prime Minister but he was also universally considered one of the greatest Treasurer's the world has ever seen. How do you like them apples 'thegstrings123'? Lmfao.
Aust2008 2 years ago
This has been flagged as spam show
i will add the same comment to you as i did just before!
How old are you MATE, how dare you! thousands killed themselves under the sick reign of this incompetent fool!
Anywhere else on the face of the earth he would have been strung up like Mussolini was.. up side-down!!!!!!!!!!!!!!!!!!!
You idiot!
therealshlong 1 year ago
@Aust2008 Really sour, tastes like i am eating shit.
That's fine though, i'm sure those went through what was a localised depression and paid 17 odd % mortgages totally agree with these "World ecenomic" speakers.
Get real, if Aus was a Company do you REALLY think the shareholders would say the same thing??!! He would be a black listed CEO. Never to work again.
Think they got their cards mixed up LOL.
If you think it was a good time economically then you are truly deluded.
therealshlong 1 year ago
"thegstrings" - what are you on about? No long term commitments? He floated the dollar, reshaped the banking industry, took down the tarrif wall, created superannuation, moved the labor market to enterprise bargaining, and sparked the social and cultural debates that we're STILL having in 2009 - reconciliation with Aboriginal Australians, the question of a Republic. the Sexual Discrimination Act. And that is only a few domestic achievements. Like him or not, he was massive - he had vision.
vemugu61 2 years ago
Greatest PM in the history of Australia.
btbking 2 years ago
bloody oath
juliano69 2 years ago
What planet are you on? I hope you're being sarcastic. Keating had the highest unemployment, the highest interest rates (around 18%) and the worst dollar value in the exchange. This wanker nearly ruined Australia...
thegstrings123 2 years ago
You are only 16 and most probably brainwashed. For every day Australia remains in the first world, you must thank PK for his works. A man of foresight he was.
btbking 2 years ago 13
The facts speak for themselves. Australia would've been in in a much better position now had it not been for PK. He nearly drove the Australian economy to extinction, and at the end of it all said 'It was a recession we had to go through'. Isn't it obvious this man is just covering for himself? Just look at the interest rates, dollar value and unemployment under the Keating government and you'll see how much of a corrupted criminal he really was.
thegstrings123 2 years ago
His policies were for the long term, he brang home the bacon, but Howard reaped the goods that PK planted. If it wern't for him, we wouldn't have strong trade relations with China. There's so much more, but I'll leave it to you to study on it. Just for the note, the prime minister doesn't control/set interest rates, nor the dollar value. I think you need to read on that aswell.
btbking 2 years ago 2
I am well aware that the PM doesn't set any of those values, however, decisions that he, and his cabinet makes greatly influences those figures. I think you'll also find we had rather large trade agreements with China in our imports and exports long before Keating was PM.
Besides that fact you have chosen to argue with me negates the fact you can use the good-old "You're only 16" rebuttal.
thegstrings123 2 years ago
Additionally, PK didn't make any decent long term commitments because the country hasn't ever quite been the same since. I think that proves his lack of initiative.
thegstrings123 2 years ago
...OK :)
btbking 2 years ago
Tch, tch, tch.....'thegstrings123' you are so uninformed or misinformed whichever or both. If you would bother to do any research you would know that (1) The Hawke/Keating Government inherited 22% interest rates from the Fraser/Howard Government and (2) The recession that lead to high unemployment, inflation and interest rates was delivered to Australia via a 'worldwide recession' and as a result of the economic management of Keating we were the first country to emerge from the recession.
Aust2008 2 years ago 4
So the question is...what is China doing with all that dollar debts?..
One thing is for sure...they are not stupid...If I were them, I would be buying anything in dollars that is worthy and is at present discounted due to the financial crisis...e.g....Property or energy producing sectors or food producing sectors...land....But certainly not gold...it just glitters....
maxthemagition 2 years ago
Why not allow China to buy up the toxic assets and when they default, China can then own the asset...Property....Hey presto then China can occupy that property with their people...They need accommodation for their masses and they have all that dollars of USA debt...America must pay their debt to the world and this is a way forward...Other than that America could (a) default or (b) let the dollar fall...either of these wouild upset our eastern cousins..
maxthemagition 2 years ago
There's 11T total home mortgage debt in the US. That's 660B/yr @6% to carry. Suppose they upped the tax credit to 200% for the next few years, and then a gradual decline to zero. That would drive up home prices and make it possible for many more people to stay in their homes without punishing the people who've been paying. It would be far more stimulative in the short term too.
ananiasacts 3 years ago
The Chinese gov' would have to be fucking barking mad, round the twist flinging their shit at the walls and screaming into the wind insane, to even loosely contemplate letting the asshole international-bankster-regime that is perpetuating the current global crime spree, anywhere near their yuan/RMB currency.
LemmingHerda 3 years ago
It would be akin to unzipping their trousers and shoving their collective dick into the mouth of a snapping turtle, then praying for it's forbearance.
... and no, I'm not some socialist/ communist whatever.
LemmingHerda 3 years ago
``... and no, I'm not some socialist/ communist whatever."
No, but somehow ya bin readin' ma mail. Yer not a Kiwi per chance, ole timer? Chief of the Chieftains. Done yas good Friday night ;-)
jerepah 3 years ago