addicted to money - abc, page-7

  1. 3,537 Posts.
    Yes,it was worth watching. Lots of allegorical, visual and one-liner stuff

    If you're in Perth, still time to catch it.

    Australia and Iceland - re resources (I think) "One trick ponies"

    Iceland was once one of the best economies in the torld, now it's an economic basket case. Interesting to hear about the bank in Iceland - "the canary in the coalmine" which borrowed 5 x GDP!!!! "Globalisation means that even a tiny nation can bring down a global economy"

    Las Vegas -"Boom to Bust"

    showed footage of open pits of Pilbarra- China more interested in owning the mines than buying from them.

    "Techtonic shift in the way our world works" China has money in the bank - USA using credit card.

    Interesting how the poor Chinese workers are saving money and bailing out rich American consumers.

    "US debit is getting bigger and bigger".







 
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