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	<title>Comments on: Central Bank Has Lost Control of Credit Crisis</title>
	<atom:link href="http://www.dailyreckoning.com.au/central-bank-3/2008/06/20/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.dailyreckoning.com.au/central-bank-3/2008/06/20/</link>
	<description>An independent perspective on the Australian and global investment markets</description>
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		<title>By: Josh</title>
		<link>http://www.dailyreckoning.com.au/central-bank-3/2008/06/20/comment-page-1/#comment-32469</link>
		<dc:creator>Josh</dc:creator>
		<pubDate>Mon, 28 Jul 2008 23:52:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2851#comment-32469</guid>
		<description>To Charles Norville,
Hear hear!

Everybody should read the bok.
The Grip of death
A study of modern money, dept slavery and destructive economics.
 By Michael Rowbotham

Is there any way of putting my superanuation into gold and silver??

J</description>
		<content:encoded><![CDATA[<p>To Charles Norville,<br />
Hear hear!</p>
<p>Everybody should read the bok.<br />
The Grip of death<br />
A study of modern money, dept slavery and destructive economics.<br />
 By Michael Rowbotham</p>
<p>Is there any way of putting my superanuation into gold and silver??</p>
<p>J</p>
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		<title>By: Charles Norville</title>
		<link>http://www.dailyreckoning.com.au/central-bank-3/2008/06/20/comment-page-1/#comment-27787</link>
		<dc:creator>Charles Norville</dc:creator>
		<pubDate>Tue, 24 Jun 2008 00:38:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2851#comment-27787</guid>
		<description>Even ancient economies had supply demand inflation, we used the gold standard for thousands of years and then decided in the later part of the 20th century that such a standard did not value a countries assets properly and it suppressed growth.

So began credit valuing of assets that were  not that were taken for granted such as infrastructure falling apart.  We decided that rationalism should pay for any discrepancies, so the mums and dads became part of the new western economies and of course with all this the new emerging economies hoped on board.

Saving of course that the developing kingdoms of Asian and other third world economies are using the ancient economic practice of virtually enslaving the labour of their mums and dads and children  - interesting that the real hedge to economic reform in the developing kingdoms is to adopt a working poor ethos that was also the mainstay of ancient economies.  

It also happens to be the hedge the western world used to rationalise closing our factories, reducing R&amp;D, reducing technocratic learning, etc, etc, because it is just not the done thing (yet) to enslave our people like we did in ancient times up to and including the industrial revolution.

We are all running out of food, water, arable land, clear air.  But wait there is a new solution........the carbon economy.......how about a new stock exchange just for carbon?  Dumb!  Even then the logic that there are too many &#039;carbon units&#039; on the planet will evade us.  Try and hedge that people.   

So where is the logic of human function, when are the technocrats going to rule?  There is a golden age, but it will come at a great cost to the human race.  I agree for a different reason that Carbon is chemically too valuable to burn up, it is also too valuable to lock up in the form of human biology.

Imagine now a world where the cost of labour is irrelevant, and that our old rubbish dumps and other dumping around the planet are more valuable than raw ore, dumps becoming the new mines of the future, in essence we recycle at the molecular level.

Query: In the interim could we not abolish all forms of taxes except GST, and except say 20% company tax which could be further deducted through rebates on investment in R&amp;D, training, OH&amp;S development.  We could nationalise all super funds and create  State owned enterprises that could be both Governmental and  Private enterprise.  We need to value add our economy through technocratic training of our own people, not disenfranchising and devaluing our people through the import of unskilled labour and export and obtuse valuing of third world kingdoms.

We need a whole new economic value process. 

Conclusion: The word hedge should mean a &quot;a close-set row of bushes, usually with their branches intermingled, forming a barrier or boundary in a garden, park, or field&quot;.</description>
		<content:encoded><![CDATA[<p>Even ancient economies had supply demand inflation, we used the gold standard for thousands of years and then decided in the later part of the 20th century that such a standard did not value a countries assets properly and it suppressed growth.</p>
<p>So began credit valuing of assets that were  not that were taken for granted such as infrastructure falling apart.  We decided that rationalism should pay for any discrepancies, so the mums and dads became part of the new western economies and of course with all this the new emerging economies hoped on board.</p>
<p>Saving of course that the developing kingdoms of Asian and other third world economies are using the ancient economic practice of virtually enslaving the labour of their mums and dads and children  - interesting that the real hedge to economic reform in the developing kingdoms is to adopt a working poor ethos that was also the mainstay of ancient economies.  </p>
<p>It also happens to be the hedge the western world used to rationalise closing our factories, reducing R&amp;D, reducing technocratic learning, etc, etc, because it is just not the done thing (yet) to enslave our people like we did in ancient times up to and including the industrial revolution.</p>
<p>We are all running out of food, water, arable land, clear air.  But wait there is a new solution........the carbon economy.......how about a new stock exchange just for carbon?  Dumb!  Even then the logic that there are too many 'carbon units' on the planet will evade us.  Try and hedge that people.   </p>
<p>So where is the logic of human function, when are the technocrats going to rule?  There is a golden age, but it will come at a great cost to the human race.  I agree for a different reason that Carbon is chemically too valuable to burn up, it is also too valuable to lock up in the form of human biology.</p>
<p>Imagine now a world where the cost of labour is irrelevant, and that our old rubbish dumps and other dumping around the planet are more valuable than raw ore, dumps becoming the new mines of the future, in essence we recycle at the molecular level.</p>
<p>Query: In the interim could we not abolish all forms of taxes except GST, and except say 20% company tax which could be further deducted through rebates on investment in R&amp;D, training, OH&amp;S development.  We could nationalise all super funds and create  State owned enterprises that could be both Governmental and  Private enterprise.  We need to value add our economy through technocratic training of our own people, not disenfranchising and devaluing our people through the import of unskilled labour and export and obtuse valuing of third world kingdoms.</p>
<p>We need a whole new economic value process. </p>
<p>Conclusion: The word hedge should mean a "a close-set row of bushes, usually with their branches intermingled, forming a barrier or boundary in a garden, park, or field".</p>
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		<title>By: rick</title>
		<link>http://www.dailyreckoning.com.au/central-bank-3/2008/06/20/comment-page-1/#comment-27716</link>
		<dc:creator>rick</dc:creator>
		<pubDate>Mon, 23 Jun 2008 12:01:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2851#comment-27716</guid>
		<description>Hello BT has a cash (as in interest) super fund $5 a month

I think it is super not DIY super not sure

http://www.btsuperforlife.com.au/#

What do you think did I miss understand it or is it any good?

Ps what an excellent web site the reckoning is</description>
		<content:encoded><![CDATA[<p>Hello BT has a cash (as in interest) super fund $5 a month</p>
<p>I think it is super not DIY super not sure</p>
<p><a href="http://www.btsuperforlife.com.au/#" rel="nofollow">http://www.btsuperforlife.com.au/#</a></p>
<p>What do you think did I miss understand it or is it any good?</p>
<p>Ps what an excellent web site the reckoning is</p>
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	<item>
		<title>By: obs</title>
		<link>http://www.dailyreckoning.com.au/central-bank-3/2008/06/20/comment-page-1/#comment-27695</link>
		<dc:creator>obs</dc:creator>
		<pubDate>Mon, 23 Jun 2008 08:49:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2851#comment-27695</guid>
		<description>Well as they say markets and things only give you what you deserve, you should always take C.A.R.E (cover ar*e retain employment) and K.I.S.S (keep it simple stupid)...</description>
		<content:encoded><![CDATA[<p>Well as they say markets and things only give you what you deserve, you should always take C.A.R.E (cover ar*e retain employment) and K.I.S.S (keep it simple stupid)...</p>
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		<title>By: LouisThe Fly</title>
		<link>http://www.dailyreckoning.com.au/central-bank-3/2008/06/20/comment-page-1/#comment-27686</link>
		<dc:creator>LouisThe Fly</dc:creator>
		<pubDate>Mon, 23 Jun 2008 07:48:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2851#comment-27686</guid>
		<description>Coffeee Addict, ANZ have quietly paid some of the larger/noisier clients who threatened to take it to the media. The story is the boys/directors didnt call in the margins when should have on their buddies/big guys, didnt cover there butts, went to ANZ to fix problem, Anz gave them just enough to not be able to make it through the month and foreclosed... THAT&#039;S WHAT IS HAPPENING TO THESE &quot;SECURE&quot; FUND MANAGERS @ INVESTMENT HOUSES. This is just the start</description>
		<content:encoded><![CDATA[<p>Coffeee Addict, ANZ have quietly paid some of the larger/noisier clients who threatened to take it to the media. The story is the boys/directors didnt call in the margins when should have on their buddies/big guys, didnt cover there butts, went to ANZ to fix problem, Anz gave them just enough to not be able to make it through the month and foreclosed... THAT'S WHAT IS HAPPENING TO THESE "SECURE" FUND MANAGERS @ INVESTMENT HOUSES. This is just the start</p>
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		<title>By: Coffee Addict</title>
		<link>http://www.dailyreckoning.com.au/central-bank-3/2008/06/20/comment-page-1/#comment-27678</link>
		<dc:creator>Coffee Addict</dc:creator>
		<pubDate>Mon, 23 Jun 2008 07:12:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2851#comment-27678</guid>
		<description>LTF.  I wish your brother well in his fight against ANZ.  I&#039;m not following the Opes Prime fallout that closely but the ANZ Bank&#039;s Achilles Heel would be any form of confirmation that they were indeed a party to the Opes Prime &quot;Scheme&quot; of arrangement.  If this can be demonstrated in court, (and it will come out if the staff involved are put on the stand), the plaintiffs could argue that the representations of the Opes Prime/ANZ partnership (rather than the small print) consitiuted the actual contractual agreement.  In this case, ANZ willhave to pay the investors back.  ANZ will of course try to argue that they were operating at arms length to Opes Prime.</description>
		<content:encoded><![CDATA[<p>LTF.  I wish your brother well in his fight against ANZ.  I'm not following the Opes Prime fallout that closely but the ANZ Bank's Achilles Heel would be any form of confirmation that they were indeed a party to the Opes Prime "Scheme" of arrangement.  If this can be demonstrated in court, (and it will come out if the staff involved are put on the stand), the plaintiffs could argue that the representations of the Opes Prime/ANZ partnership (rather than the small print) consitiuted the actual contractual agreement.  In this case, ANZ willhave to pay the investors back.  ANZ will of course try to argue that they were operating at arms length to Opes Prime.</p>
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		<title>By: LouisThe Fly</title>
		<link>http://www.dailyreckoning.com.au/central-bank-3/2008/06/20/comment-page-1/#comment-27675</link>
		<dc:creator>LouisThe Fly</dc:creator>
		<pubDate>Mon, 23 Jun 2008 06:31:06 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2851#comment-27675</guid>
		<description>Response to coffee addict. I gave my brother a stock tip on the ASX, he bought the shares (NO MARGIN) with his own money held by Opes Prime, bought @ 0.024 went to 0.077, guess what, OP shut down AND HE LOST THE LOT. ANZ BANK SOLD EVERTHING. The story is not finished, ANZ may be in big trouble  with ASIC for dubious lending and foreclosing procedures, lots of unanswered questions and lots of pissed off ivestors.........
LTF</description>
		<content:encoded><![CDATA[<p>Response to coffee addict. I gave my brother a stock tip on the ASX, he bought the shares (NO MARGIN) with his own money held by Opes Prime, bought @ 0.024 went to 0.077, guess what, OP shut down AND HE LOST THE LOT. ANZ BANK SOLD EVERTHING. The story is not finished, ANZ may be in big trouble  with ASIC for dubious lending and foreclosing procedures, lots of unanswered questions and lots of pissed off ivestors.........<br />
LTF</p>
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		<title>By: horza</title>
		<link>http://www.dailyreckoning.com.au/central-bank-3/2008/06/20/comment-page-1/#comment-27668</link>
		<dc:creator>horza</dc:creator>
		<pubDate>Mon, 23 Jun 2008 04:32:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2851#comment-27668</guid>
		<description>We could purchase some islamic dihnar...probably be chased and labelled a terrorist though ha</description>
		<content:encoded><![CDATA[<p>We could purchase some islamic dihnar...probably be chased and labelled a terrorist though ha</p>
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		<title>By: horza</title>
		<link>http://www.dailyreckoning.com.au/central-bank-3/2008/06/20/comment-page-1/#comment-27667</link>
		<dc:creator>horza</dc:creator>
		<pubDate>Mon, 23 Jun 2008 04:29:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2851#comment-27667</guid>
		<description>Robert, try this you have heard of them already www.goldmoney.com its basically a good gold and silver backed bank account. Im not in them myself but was looking at it just found that they only deal with British pounds, euro, canadian dollar and Us dollar. inconvenient for me. It all sits in an insured vault. Couldnt fault it just the currency thing...</description>
		<content:encoded><![CDATA[<p>Robert, try this you have heard of them already <a href="http://www.goldmoney.com" rel="nofollow">http://www.goldmoney.com</a> its basically a good gold and silver backed bank account. Im not in them myself but was looking at it just found that they only deal with British pounds, euro, canadian dollar and Us dollar. inconvenient for me. It all sits in an insured vault. Couldnt fault it just the currency thing...</p>
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		<title>By: horza</title>
		<link>http://www.dailyreckoning.com.au/central-bank-3/2008/06/20/comment-page-1/#comment-27663</link>
		<dc:creator>horza</dc:creator>
		<pubDate>Mon, 23 Jun 2008 03:31:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2851#comment-27663</guid>
		<description>Yeah maybe we should stuff our self managed super funds full of beans and rice haha</description>
		<content:encoded><![CDATA[<p>Yeah maybe we should stuff our self managed super funds full of beans and rice haha</p>
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