It does not matter who gets in they will suck the earth’s riches out at any cost for there own well being.

They think the earth will just take it.
Sad but true
Printing Money wont save the earth only respecting the earth will save it
the earth and life is real the stock market is only numbers and lights

"The ANZ, Westpac and National Australia Bank (NAB) tapped funding for up to 10 years." Leaked documents showed that ANZ borrowed $500 million from the Fund. What NAB and Westpac borrowed were not disclosed. ~ end quote

It appears that Labor and Opposition are working hard to prop up a 'rocks and crops' economic system that deindustrialised years ago. Aus it appears was the first to bail out the bankers, and the statement that our banks are in good shape is simply not the case.

Lindsay Tanner, Finance Minister stated to Lateline ABC that he does not know the debt/equity ratio of the banks. By all account USA and UK banking systems are 1:50, 1:60 ratio of cash to asset inflated.

The priority of G8 disbursements of cash (what money is left)will leave Aus high and dry having to put up interest rates to get the more expensive money from overseas. Aus Govt is spending its way out of the recession with valuable surplus cash to purchase goods that other countries make, leaving aside the money for smokes and pokies, and over inflated fuel from greedy petro companies that the Govt will not control.

What do we do about the 700,000 ex pats that want to return home to Aus when things get tough overseas.

Aus needs radical surgery to its tax and finance system, its way of life. Australia could easily face a prospect of Regional instability unable to feed or defend itself - what about this as a suggestion of ideas that many others have thought of:

1. Abolish all personal income tax; [currently superfluous employment practice]

2. Increase GST to 12% (increases to be by joint Parliamentary sitting)everyone pays no exceptions; [alt 1. & 2. currently allowing black economy to flourish]

3. Company tax reduce to 20% and can be reduced further to 5% through (a) R&D (b) Training through RTOs (c) OH&S practice; [to create productive employment]

4. Public company & public sector execs come under award structures and performance bonus;[to create productive employment currently superfluous employment practice]

5. All compulsory super schemes nationalised with employed and unemployed to meet additional contributions ~ all citizens including parliamentarians having access to fair and equitable retirement pension income retrospectively ie minimum old age pension is a retirement pension bare minimum where an individual has never worked and has never had a superannuated working spouse; [currently superfluous employment practice with waste and white collar corruption]

6. Centralise the job market scheme so that prospective employers and employees can be directly matched, the current system is convoluted by employment bureaucracies that don't work effectively and encourage rorting and fraud. We could solve the skills shortage as an example with full time trade training instead of the medieval apprenticeship approach. [currently superfluous and negligent employment practice reducing productive employment]

7. Australia must industrialise and fast track nanotechnology, and the Australian Govt become a co investor in industry. Keep population small to technology needs, to balance with the natural order of things. The free enterprise system free of monopoly ~ nb nanotechnology will make the cost of labour irrelevant. -[to create productive employment]

8. The abolishing of all State and local Govt and establish Regional Govts. The Commonwealth should federate all industrial awards, and general law, public health (establish medical practices in public hospitals and underwrite all negligence insurances), education, national rail gauge maglev technology (400 - 500 kph), etc, etc. Regional Govt have control over law and order and town planning, some environmental, the low level stuff that is specific to the regional performance - keep Regional Govt small but involved [currently superfluous employment practice]

CONCLUSION: We are going to have a massive fallout in employment regardless because too many Australians are employed in work that is useless having no inkling to resource or industrial production needs, we are borrowing capital from he rest of the world to maintain unrealistic employment practices and thus lifestyles which divests money away from solving 3rd world problems. Our leaders have failed us, the place is being run by spivs and hoons. I suppose none of the above suggestions can get even close to happening, but I think it's better than what we have currently.

Aus may as well devolve in a controlled manner the unproductive employment practice into productive employment before the big one ‘we had to have’ hits us.