Comments on: Federal Reserve Has Destroyed the Economy

By: Rick Alexander

Rick Alexander — Tue, 07 Jul 2009 22:43:18 +0000

Hell, I mean Hello darkness and gloom.

Obama & Geitner Inc. screw up America and Rudd & Swan Inc. screw up Australia - what a team! Now Rudd decides that things are pretty dire so he jumps ship and decides to use the G20 to warn everyone to develop a spending exit strategy. What do you mean Kevin? There is no exit strategy, there is no place to go.

In the next 6-12 months Obama and Rudd along with others who followed their lead will deeply regret what they did to these great nations.

What then? Oh, I know - lets bring back the old A team (the John and Costello team)and let them fix this mess for the next 20 years so that Australians will have time to forget what they voted for.

Only one problem; You're not getting out of this one Kevin and you are responsible for what you did and your snivelling excuses from the 'other side of the floor' will not happen because you are staying in the box office seat for the next 15 years so that you, Swan and your union cronies can fix the mess, only I think you will only make it worse.

This is wher ethe old Australian culture of 'eh'll be right mate' will face the acid test and it will not survive. Hello Hell, gloom and despair.

From an Optimist.

By: bill

bill — Fri, 03 Jul 2009 21:20:27 +0000

Well they have to destroy the U.S Dolllar, so they can replace it with something else ? the ''Amero'' like the Euro

By: rick e

rick e — Sat, 04 Apr 2009 03:33:45 +0000

As humans even as kids our tension span is short or we get bored easily
It looks like the momentum and believing everything is all right at the moment Stocks are going up
Australia is a small identity with great resources however whatever money they borrow will have to pay back they have no choice.
So if Australia lives above its means it is only a matter of time will run out and have to pay up
The difference with America they don’t have to pay back all the money they borrow because they won two world wars and have an army base in every other country.

By: Ned S

Ned S — Fri, 03 Apr 2009 20:10:53 +0000

It's worry that Mr Obama keeps wanting to tell the world that America is ready to lead again - And an even bigger worry that Mr Rudd wants it to.

By: Dan

Dan — Fri, 03 Apr 2009 03:34:14 +0000

Nobody likes to get ripped off (least of all China and Russia), and the USA needs people to keep believing in its currency. That's where things might at some stage stop being just about money.

By: Unpopular Truth

Unpopular Truth — Fri, 03 Apr 2009 03:20:35 +0000

They're dumping on every country they owe money to.
Effectively reducing their debt amount by creating money from nothing to pay for the existing debt, while also devaluing the value of whatever other countries hold in reserve.

That's why you're seeing rumblings from Russia and China about using another currency other than the Greenback. They simply must get out of the currency of their main debtor, who's not afraid to magic up some more.

I don't get why it's so complicated to work this out..

By: Dan

Dan — Tue, 31 Mar 2009 19:25:28 +0000

Better watch where America is pointing its backside. It's gonna be a stinker alright.

By: Ned S

Ned S — Tue, 31 Mar 2009 12:31:37 +0000

America will dump the poo on someone else - You just wait and see.