Steve Keen with Kerry OBrien - ABC 7:30 Report 8-10-2008

[bettstp]

Wow...how wrong can one guy be???

[qm1qm1]

@bettstp ask yo sef

[Celtic450]

This is all very well, but if the Australian Government keeps bringing in RICH foreignors to bid up the house prices like they are so hell bent on doing then his theories don't mean much. House prices cannot be bought by existing wage earners? No problem..we will keep importing GBP and HKD rich students, corrupt business man and PRC communist bosses to pump the prices up. We want to keep the multicultural dream alive until we can replace the electorate.

[sugarpuddin88]

Bernanke, Geithner, Rubens, Summers, Goldman Sachs, JP Morgan & the Federal Reserve Bank know exactly what they are doing by collapsing the US Dollar:

The purpose of this financial crisis is to take down the U.S. dollar as the stable datum of planetary finance and, in the midst of the resulting confusion, put in its place a Global Monetary Authority [GMA - run directly by international bankers freed of any government control] -a planetary financial control organization" - Bruce Wiseman

[durden2001]

Steve Keen sold his Sydney property to avoid the crash last year. ~ since then that area has appreciated an average of 7+%... {{cough}}

[KruZer7]

Source?

[KruZer7]

Well, I guess we are forced to conclude you are full of shit.

[mrchekky]

the question is why. Stupid rudd has printed over 35 billion dollars and poured it into the economy. The conciquences are coming. hold onto ur hat.

If printing money out of thin air had no conciquences, we would all be rich.

[halbortico]

7%?

how much did gold/silver "appreciated" in the same period?

[pomplumber]

this man was laughed at last year,this year he is the only person people dont laugh at.Cant he be brought into government to run the country and put things right

[harveybirdman74]

You'd be surprised how many people are praying for a housing correction so they can afford a basic home. The current price of an average home in an average Australian suburb is soul-crushingly high.

[Frankaktas]

i was just looking at one of Steve Keen's graphs showing Ireland having the Highest Credit to GDP among what seems to be the OECD. Interestingly, Ireland was one of the first in eurozone member to fall into recession.

[mrchekky]

savage correction. wow cool

[mrchekky]

buy Gold people.

[TonyKaku]

Steve Keen's Debunking Economics is the most important text on neoclassical economics ever written. Good to see him out front where he can be heard.

[peterpetersbng]

@TonyKaku Life is like weather . you cant have a fixed view about how to resolve and prevent Economic crisis

Keens is another view point but its needs to be given a chance and the attention it deserves. becuase being fixed and taking things for granted is a s we know through history is the right way

[peterpetersbng]

@peterpetersbng is not the right way

[MundoMatrimonio]

I need to withdraw from this class and start with Steve Keen 101

[tubester4567]

SO in other words we are stuffed.