Asset sales

[mashman]

Lets just follow this through to its logical conclusion, The collapse of society, famine, disease, war, a new dark age.


Mashman can have his era without money.


Then we can start all over again.

Fuck yeah... I'm going to go out and get shitfaced in anticipation.

[Brian d marge]

I don't see why it should cause any real hardship to the 90% (short term or otherwise). Other than for those who have money in the banks that is needed to live. Even that problem (and cashflow needs of local businesses/employers) could be sorted simply if banks are forced to use collected mortgage payments by redirecting them to meet local cash flow obligations (balancing loss of trading income from overseas, also to govt to distribute as aid to those who lose jobs (for a time) with manufacturing exporters etc). The local banks need to default on their overseas loans then once local banks have a float (for financing our national economy growth) any surplus mortgage payments can be directed as required in the interest of our own country in other areas. I know it ain't quite that simple but I don't see that short term cashflow disruption can't be adressed by the massive reduction in outgoing interest payments to overseas banks.

If the Govt defaults on its loans at the same time then the money it saves in interest payments (what is it about 10-15% of our GDP?) could be used as an opportunity to reduce taxes or fund other areas of needed expenditure.

Whatever/however. I am not an expert, but surely the billions of $ of potentially surplus anual taxation income (once initial lossed tax income revenues from disruption have settled) and the collective private outgoing mortgage payements is enough to fund the countrys needs moving forward.


Unless you adopt my plan then I have to say NO to your plan as it is irresponsible to retain assets at the expense of burdening our children and children's children with endless fucking interest payments of billions of dollars each year. Get rid of the power companies before their value disappears overnight due to Zero free energy while still leaving a legacy of debt and no income value for future generations. They won't be worth fuck all in ten or twenty years anyway. Take the money and use it to reduce the country's debt.

We have been living beyond our means for years and when we find ourselves in the shit we go and borrow more. Fucking stupid. We are routinely told that we should manage our personal affairs by living within our means rather than digging a hole of debt in which we get buried. If the govt needs money to make up a shortfall we are better off as a nation to pay an increase in taxes and fund it ourselves here and now rather than borrow it. If we cant do that then we must either not spend the money or sell assets. that is the common dog fuck way to do it.

Ok, you can cry when you are ready

um Im not disagreeing with u except for the point about asset sales, once they are gone , they are gone and they will be raped of value ( unless sold to a local " TRIBE" who see a steady income in their portfolio , either way maintance and rising costs are the worries

Delay , default on the loan let the bond rate go up , lend internally , yes this would mean the price of imports would go up ... but the basics would be cheaper ...
New Zealand was , ( and strangley is) well managed by the treasury but the pre muldoon way of living financially prudently and using work schemes was I feel the best way

Flogging off the few remaining bit of silver to cover a debt that is larger than the worth of the silver is short sighted .

So dont do it

Stephen

and the evil baskets are trying to push the law through under ugency ...ie 3am like they did before .........If labour do get in and delay /dont repeal the law it will show "who" is really pulling the strings ,,,,,,,

[98tls]

Money has to come from somewhere,no matter what the Labour party tell ya there is no fucking money tree its that simple.Any money made by the sale of assets will only be wasted by the next Labour Government anyway so its a tough one.Rock and hard place really,Labour wins some over with shit like "crippling our country" Sorry i meant "working for famlies" and the next cab along has to claw some back from somewhere and on it goes.

[Brian d marge]

Money has to come from somewhere,no matter what the Labour party tell ya there is no fucking money tree its that simple.Any money made by the sale of assets will only be wasted by the next Labour Government anyway so its a tough one.Rock and hard place really,Labour wins some over with shit like "crippling our country" Sorry i meant "working for famlies" and the next cab along has to claw some back from somewhere and on it goes.

who says theres no money?
Who is using the money
Who will gain from the asset sales
Who borrowed the money

might be a trick the tv might not be telling the truth ... i know it seems strange but it could be true .... I knew a tv once that was prone to the odd slip...

Stephen

[98tls]

who says theres no money?
Who is using the money
Who will gain from the asset sales
Who borrowed the money

might be a trick the tv might not be telling the truth ... i know it seems strange but it could be true .... I knew a tv once that was prone to the odd slip...

Stephen

Wouldnt know fella i only watch motor racing and some rugby.What i do know is there would be a lot more money if there wasnt so many handouts.

[scott411]

New Zealand was , ( and strangley is) well managed by the treasury but the pre muldoon way of living financially prudently and using work schemes was I feel the best way

this shows the problem of not paying back the debt, and why we did not have debt back then,

we did not import anywhere near as much as we do now, we can go back to those days, but the other things like waiting lists for imported things likes cars and bikes come back as well, and since not many of us will put up with it since we have seen what the consumerism is getting us now,

Iceland was a little bit different as it was the banks debt, not public debt they did not pay back,

[Brian d marge]

Wouldnt know fella i only watch motor racing and some rugby.What i do know is there would be a lot more money if there wasnt so many handouts.

they are called bailouts now ,

and you are absolutely right ....if I earn 10 dollars and the CEO make 4 , the bottle washer makes 1 that leaves 5 to do any useful work with

Trouble is

the money IS going to needy causes such as "oldies " those free bus passes all add up .......but IF we put the politicians on Taskforce green ....now THAT would free up some money ( actually we used to do that , once upon a time you had to PAY out of your own pocket to be a polly

Now that would make money!

Stephen

[98tls]

they are called bailouts now ,

and you are absolutely right ....if I earn 10 dollars and the CEO make 4 , the bottle washer makes 1 that leaves 5 to do any useful work with

Trouble is

the money IS going to needy causes such as "oldies " those free bus passes all add up .......but IF we put the politicians on Taskforce green ....now THAT would free up some money ( actually we used to do that , once upon a time you had to PAY out of your own pocket to be a polly

Now that would make money!

Stephen

There you go thenSorted,am going a bit far now i know but chuck in going to work to raise your family and cancel the "heres a hundy for the pokies/car payment/Tab whatever floats your boat" just for having kids...possibilities are endless.

[flyingcrocodile46]

this shows the problem of not paying back the debt, and why we did not have debt back then,

we did not import anywhere near as much as we do now, we can go back to those days, but the other things like waiting lists for imported things likes cars and bikes come back as well, and since not many of us will put up with it since we have seen what the consumerism is getting us now,

Iceland was a little bit different as it was the banks debt, not public debt they did not pay back,

The problem isn't the lack of import restrictions, its the easy access to leverage our future income against todays want's and needs and the lack of self restraint to differentiate between and necisity and luxury. That and the blood sucking leaches that engineer the worlds financial systems to enslave the masses so they can engage in an orgy of power and money. Plain and simple Gluttony, theirs and ours.

[scott411]

The problem isn't the lack of import restrictions, its the easy access to leverage our future income against todays want's and needs and the lack of self restraint to differentiate between and necisity and luxury. That and the blood sucking leaches that engineer the worlds financial systems to enslave the masses so they can engage in an orgy of power and money. Plain and simple Gluttony, theirs and ours.

agreed that is was greed that got us where we are today, it was controlled back then by restrictions on lending, and importing, so it was near impossible to outlive your means,

[Headbanger]

Fuck yeah... I'm going to go out and get shitfaced in anticipation.

sweet, sounds like a cunning plan, calll in my place, I'll keep you company.

[Brian d marge]

The problem isn't the lack of import restrictions, its the easy access to leverage our future income against todays want's and needs and the lack of self restraint to differentiate between and necisity and luxury. That and the blood sucking leaches that engineer the worlds financial systems to enslave the masses so they can engage in an orgy of power and money. Plain and simple Gluttony, theirs and ours.

Gluttony ....got to like that , gives u a hell of a hangover though

Stephen

[mashman]

Money has to come from somewhere,no matter what the Labour party tell ya there is no fucking money tree its that simple.Any money made by the sale of assets will only be wasted by the next Labour Government anyway so its a tough one.Rock and hard place really,Labour wins some over with shit like "crippling our country" Sorry i meant "working for famlies" and the next cab along has to claw some back from somewhere and on it goes.

Who came to power in 2008?

[flyingcrocodile46]

Who came to power in 2008?

It is plain retarded to try to compare the performance of the last 3.5 years against performance of previous years. Or perhaps you haven't noticed the global near meltdown that has seen literally every country in the world under perform massively. Countries that have or are soon to default on loans.

[mashman]

It is plain retarded to try to compare the performance of the last 3.5 years against performance of previous years. Or perhaps you haven't noticed the global near meltdown that has seen literally every country in the world under perform massively. Countries that have or are soon to default on loans.

Why? We've cut funding to all sorts of things like it's going out of fashion and yet we've given tax breaks? Can you tell me where the logic is in giving people tax breaks in a recession and then borrowing money to cover the shortfall (yes not all of the borrowing is to cover the shortfall, before you bunch yer undies)? I see no logic, none, zero, fuck all in such a strategy... and I'm the retarded one? Maybe Ed has a point