Politics and Current Affairs

[OzSpen]

Is this the forum where politics and issues in our societies (current affairs) can be raised and discussed / debated?

According to the Australian Debt Clock, the Total Government Debt is $788 billion. As for Total Australian Credit, it is just under $7 trillion. What are the consequences for any country with this level of debt?

Is this the place where anyone could raise these kinds of issues? Or is another forum more suitable?

Or, are current affairs and politics forbidden from discussion on CyB?

Just askin'!

Oz

 

[APAK]

From a Biblical-political perspective, Australia like the US and most other countries have a usury and evil central banking system that is sucking the life blood out of peoples' wealth, prosperity. Also, the governments’ love to spent and borrow from these quasi-government private banking systems without impunity and irresponsibly. This greedy process will continue to spiral out-of-control nation’s debt. It will end, in my opinion, when the major central banks crash the major economies of countries causing widespread worldwide economic depressions.

We are not far off.

APAK

 

[Willie T]

Is there any country that uses something like a "gold standard", and not fake paper money?

 

[aspen]

Is there any country that uses something like a "gold standard", and not fake paper money?

A fixed link between the dollar and gold would make the Fed powerless to fight recessions or put the brakes on an overheating economy. “If you like the euro and how it’s been working, you should love the gold standard,” said economist Barry Eichengreen. Beleaguered Greece, for instance, cannot print more money or lower its interest rates because it’s a member of a fixed-currency union, the euro zone. A gold standard would put the Fed in a similar predicament. Gold supplies are also unreliable: If miners went on strike or new gold discoveries suddenly stalled, economic growth could grind to a halt. If the output of goods and services grew faster than gold supplies, the Fed couldn’t put more money into circulation to keep up, driving down wages and stifling investment.

 

[APAK]

A fixed link between the dollar and gold would make the Fed powerless to fight recessions or put the brakes on an overheating economy. “If you like the euro and how it’s been working, you should love the gold standard,” said economist Barry Eichengreen. Beleaguered Greece, for instance, cannot print more money or lower its interest rates because it’s a member of a fixed-currency union, the euro zone. A gold standard would put the Fed in a similar predicament. Gold supplies are also unreliable: If miners went on strike or new gold discoveries suddenly stalled, economic growth could grind to a halt. If the output of goods and services grew faster than gold supplies, the Fed couldn’t put more money into circulation to keep up, driving down wages and stifling investment.

Aspen: this subject is a charged one...not so sedated as you may think

I think you may have it all wrong. To say the Fed would be powerless to fight recession etc., is a joke. The Feds alone without any precious metal linkage causes the recessions, inflation and deflation because you will ALWAYS have increasing DEBT that CANNOT be paid back in full, under their corrosive greedy system. You should check out how their dishonest system works and how they make money. They are getting rich off the countries where they operate in. And that is about 95% of them.

Wars have started because the Feds or central banks of the world cannot stand competition. Remember Yugoslavia, Libya, Iraq and now Syria. They are all Central Bank wars. I wonder who runs these schemes?

The FIRST tangible institution the US and NATO toppled and immediately replace in DAYS after they invaded and conquered Libya with NATO, was a Western style Central Bank system owing its allegiance to the World Bank etc. Previous to Western interference, Libya has one of the highest standards of living and cost of living. And they were establishing their own currency for the entire African continent until evil raised its ugly head. It is obvious what these wars are all about.

Previous to this we have the Central Bank of Germany, ran by the so-called victims of WWII that was ruining their country from within since first part of the 20th century. Germany had a depression alright, 10x more severe that in the US.


Bless you,

APAK

 

[Helen]

Oh dear...I posted a new thread this afternoon in Ethics & Morality.
I think I put mine in the wrong place.
I didn't see that there was one on politics. Maybe they will move it if I posted it wrongly.
Liberal Canadians, leftists, Socialists ...