Australian Debt accelerating under LNP, page-50

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rememdium

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10/07/16

16:33

Post #: 18234963
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Originally posted by Andrew1234 ↑

Guys guys - settle - if you think this is all about politics you are almost completely missing the point

Debt has little to do with government - Ok they play their part but it is much bigger than them

The whole world economy is built on debt. Every cent

If you have a system based on debt you HAVE to increase that debt to keep inflation rolling -

Why? To pay the net interest margin!

The debt has to increase - most world governments are up to their eyeballs - but one way or the other there must be at least 2-3% more debt (money) each year

If it stops (and it will one day) the whole thing implodes - think Great Depression but much worse.

Most people don't understand the basics of this dynamic

Here in Australia our government debt is relatively low - it is the debt held by the private sector that is off the charts - and gets very little mention in the media or by government

Whether you agree with debt based money or not (I don't) either government in Aus has done what they had to do to keep the wheels from falling off "it won't fall on my watch"

The talk of getting back to government surplus here is a crock - it may not happen for decades in Aus - they are lying or deluded IMO

The private sector is basically spent (bar immigration - see why there are so many people coming in...the economy needs them) - so government had to step in strongly

Only problem now is that things are getting near snapping point - with private debt at 170% GDP and total government at circa 30% our AAA rating is at risk

Basically, our massive debt is about to become more expensive

That is the problem with debt based money - someone eventually has to pay for it - has the can been kicked to the edge of the cliff???

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Or does everyone come together to work out a credit card bill that everyone is happy to pay, so we can once again continue the merry go round.
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First 50 Last

Australian Debt accelerating under LNP, page-50

True North shares jump on positive activity report as Cloncurry aims for Q1 production deadline

Woomera kicks off 2-pronged drilling at Mongolia's Bronze Fox Cu-Au play

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

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Lincoln Minerals to kick off fieldwork at Yallunda uranium project in the nuclear state, SA

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Australian Debt accelerating under LNP, page-50

Top Stories

True North shares jump on positive activity report as Cloncurry aims for Q1 production deadline

Woomera kicks off 2-pronged drilling at Mongolia's Bronze Fox Cu-Au play

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Quantum Graphite snags new exploration licence in SA ahead of maiden drilling

Lincoln Minerals to kick off fieldwork at Yallunda uranium project in the nuclear state, SA

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