Sir lastnail wrote on Oct 23^rd, 2019 at 10:23am:


There is absolutely nothing stopping you from handing out your hard-earned to the beggars on the streets. Donate half your salary to the Red Cross or something if you want to be particularly generous.

Oh, The Government does NOT have any money, it is OUR MONEY you want it to spend.

Sir lastnail wrote on Oct 23^rd, 2019 at 4:36pm:



So something that is less than "overly tough" is a euphemism for borrow borrow borrow?

... it's the only thing that keeps the economy, via the banks, alive... at its base, even the 'building boom' is fueled by borrowing, and the competitive housing exchange business, often mentioned here as the only thing keeping the 'economy' running - lives on borrowed money, none of which exits in real dollars..........

It is a clear example of a robot machine gone made and controlling its masters.... come with me if you want to live....

The endless transfer of money on paper creates the illusion of an economy actually working - some, on the other hand, view an economy as a servant of all the people, and thus if it does not serve all the people, it is flawed and possibly failing...

lee wrote on Oct 23^rd, 2019 at 4:40pm:


Borrow endlessly on zero real equity.... look at 'businesses' - they often have zero collateral to support a loan application - other than a 'business plan' - and the banks have been handing out cash endless to the kind of 'investor' such as Slim Mehajer's uncle - who has fifty investment properties, each run by a single company unit.... now explain to me again that a single company unit has any collateral with which to obtain a loan..... if each company uses collateral from another - they are all linked - so why does the ATO not require tax payments from the group?

We all know what eventually happens with such poorly supported lending... collapse and disaster for the many....

Lessee now - I'll form a single use company and go to the bank with a plan for it to buy an investment property... what is that company's collateral , given that it is a separate legal and operating entity from its owner and has only the possibility of future capital increase on which to rely?  So - then I go back to the bank a week later with another company, when the first company has generated zero solid equity, and use the equity of the first one to obtain another loan for another investment property.........

Yeah - that'll work every day....

I smell a crash coming - and it will not grieve me one iota that the vultures cop it in the neck - but it will grieve me that honest home buyers will take a hit as well..

So - now that we've settled that - what exactly is Australia offering to all these poverty-stricken foreign countries by way of 'free trade'?  Steak, seafood, lamb etc at a tiny cost proportionate to their average weekly earnings (a fish bought here for $17 sells for the equivalent of $1 there? 

Don't make me laugh.... they pay top dollar, meaning only their 'better' classes can eat steak/fish at a huge price - say $40 a 300g cut.... while Australians, trapped into this mythical global economy, pay for production, transport etc, and then return to our shores -  to the 'global economy'.

e.g.   Freediver catches fish for a living - he doesn't eat them or sell them individually at market price - he sells them into the 'global economy' ... the global economy - without moving that fish one inch, adds to its cost transport to a holding pen somewhere at Australian prices in Australian crewed modern ships, even though it is handled by cheap foreign labour and rust hulks uninsured etc, processing at local price when it is done at impoverished foreign price, and then transport at local prices even though cheap foreign labour and rust hulks are used etc.... but wait - I've got more!!!!  The fish doesn't even leave our shores.... yet it is handled by cheap foreign labour, and all those costs are added before it hits the market shelves... and then is offered it to freediver at fully value added price.... a price vastly inflated over what he could pay if he ate the fish himself.... or even if he ate it in Chindistan or The Playmans or the island of Jerkey,  each one a home of the global economy.

Now what kind of a danged fool would accept that kind of 'business' deal?   

lee wrote on Oct 23^rd, 2019 at 4:40pm:


but scumo and co want to run a surplus and no borrowings for infrastructure projects. Maybe scumo thinks we will have a cup of coffee led stimulus program where he does nothing

Grappler Truth Teller Feller wrote on Oct 24^th, 2019 at 12:21am:



You didn't actually read it did you?

lee wrote on Oct 23^rd, 2019 at 4:40pm:



Nothing there about completely relaxing lending standards. No NINJA loans even hinted at.

lee wrote on Oct 24^th, 2019 at 12:34pm:


scumo needs to dig deep to help "idiot joe" to get a job so he he can borrow borrow borrow and feed that money into scumos fake services economy LOL