ALP - AUSTRALIAN DEBT.wmv

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• Debt

[LABORISTOXIC]

If you want to have an updated look at Australia's debt ..... I posted a new video covering the 2011-12 MYEFO. This Labor Government is so parasitic.

[MrPurplefood]

@Soonerg2121

i don't know what to be more worried about - your blatant inabillity to accept a system that has worked for hundreds of years. Or your amalgamation with communist/ fabian society. Guess what, when the bubble burst there is a recession, but eventually there is an upturn. over the history of the share market some 75 out of 110 years there have been positive returns. the fact that you don't think money will be the base currency in the future is laughable, and pigs haven't flown.

[Soonerg2121]

@MrPurplefood So if you think People will continue to invest into this casino gambling economic system.You have another thing coming. Now you can pretend or think this economy revolves around the very few. But let me remind you that it's the people that matters not Money.People are motivated by creativity not selling out.All I can say is your financial ideology days are numbered because there is nothing left to invest because there is no economic recovery.We either evolve or perish

[Soonerg2121]

@MrPurplefood The true value with respect with life is resources not someones mental disease faith based money system. Look around the pigs are already flying and this time they are bombing crapo on the markets that are not even real to begin with. Less and less people in this world have no money to spend because those jobs are gone forever. All the jobs are being automated and the rest is enslavement. The next step is access for things for free and this is where we are going.

[Soonerg2121]

@MrPurplefood Their was a time in the past when money was great because in the past there was high demand and true scarcity so growth was low and demand was high.But today we can produce more than we can sell and scarcity is no longer valid. We have plenty of resources but not enough money.It's a system that is imploding because you can no longer keep the value of debt going and people are simply losing faith in paying into debt because they see no value in it with respect to life.

[Soonerg2121]

@MrPurplefood Again your talking gibberish.Money is scarce for many people. Also it creates artificial scarcity when it comes to tangible because it needs to keep the value of the currency going. It's a Big Ponzy scheme run by Wall Street, Federal Reserve, Government, and the IMF. It's intention is to create massive speculation,derivatives, and false markets that don't even exist.They prevent the majority of people from gaining access to things they need because many have no money.

[MrPurplefood]

@Soonerg2121

... do you have one shread of economic knowledge? Pigs will fly before we change the worlds valuation system away from money currencies.

do you know why money was created in the first place? it was to make transations between two parties easier, easier then trying to trade a sheep for 50 carrots. it was created to sustain a society who were not self sufficient but through a surplus of an item (in our case, money) were able to attain everything to become sustainable.

[Soonerg2121]

@MrPurplefood Yes The Flow of Money has been around for hundreds of years but who says we don't need to change things now on your watch.Who gave you the moral authority to say this is they it's always been and shall always be.Only a Tyrant and the Guardians of the Status Quo will say such a thing.You speak for yourself and those who wish to keep things just the way they are.But for others like me and those who wishes change.Will do our best to make this happen even if you doubt us.

[dlan1500]

@LABORISTOXIC I love conservative talk. When things go wrong its Labor's fault but when house prices soared in 2001 after the introduction of the home grant, oh no its the market and Labors fault. So please explain the high interest rates and high inflation and high debt when Howard was treasurer in the 70s. Let me tell you inflation was out of control.

[dlan1500]

@LABORISTOXIC You over exaggerate. Maybe you should ask someone about the depression of the 1930s where people were lining up for food stamps. Its just as tough now, as it was in the 70s and 80s to have a mortgage.

[MrPurplefood]

@soonerg2121

ahaha good luck trying to romove 'the flow of money'. i'm not sure if you have realised, but that is how our society functions and has done so for hundreds of years...