A Billion Dollars for Indonesia

[Sean K]

There are even some who believe that an Indonesian invasion of Australia is only a matter of time: http://www.investigatemagazine.com/june00sas.htm

Only with the help of the US.

What are they going to invade with? A handful of canoes? They wouldn't make it over the moat.

And anyway, we have the Kiwis to back us up.


As I said in the Australian Economic Analysis thread, we need stable countries around us during this time. If it gets to depression stage, there will be even more poor, hungry, young, impressionable people looking for something to do. It's already started in China. But not invasion by Indonesia, yet.

 

[Wysiwyg]

Planting pot in a boogie board bag is stupid.20 years penalty for a human being doing that even more stupid.

Guilty -- she has paid enough.Let her go.
Not guilty -- the prosecutors deserve persecution to the grave.

 

[It's Snake Pliskin]

Only with the help of the US.

Or Russia.

What are they going to invade with? A handful of canoes? They wouldn't make it over the moat.

They are sorting the canoes from the advanced submarines in the brochures posted by Russia.

And anyway, we have the Kiwis to back us up.

Long live ANZAC.

As I said in the Australian Economic Analysis thread, we need stable countries around us during this time. If it gets to depression stage, there will be even more poor, hungry, young, impressionable people looking for something to do. It's already started in China. But not invasion by Indonesia, yet.

I agree that we need stable countries which surround Australia.
Buying Submarines and attack helicopters helps the yet situation become closer to reality.

 

[MrBurns]

Just heard it's now $1.5B - not hard to get angry over this , everybodys pal Rudd just throws OUR money to a regime that jails our citizens for 20 yeares on what could be a trumped up drugs charge and usesthe death penalty which we object to.

Rudd obviously subscribes to the Gareth Evens school of bowing and scraping to the Indonesians.

I would agree to this if they agreed to have some respect for and not offend us.

 

[Aussiejeff]

The way I see it, if the poo really hits the fan, $1bill of bad debt to Indonesia will be the least of the government's problems (think depression). And if it doesn't get that bad, we'll get our money back plus interest in due course, which to me sounds much better than sticking it in the future fund to pay for more Telstra shares.

In reality, it's a small price to pay to help ensure Indonesia remains relatively stable. It's much better than having millions of unemployed Indonesians radicalised right on our doorstep.

Hmm. Does KRudd know something we don't? Buying favour IS usually a tactic of last resort before the $***e goes down...

The deficit isn't great, but Australia is in a much stronger position entering the crisis than many comparable nations. The fact we've managed to save (or atleast pay down debt) in good times gives us every chance of riding out the bad.

The alternative is not lending, which is *much* worse.

We seem to be entirely focussed on our own piddly economy - the Current Account. However, I'm not so sure we've managed to pay down much of our overall HUGE Foreign Debt! Of course, every country is racking up foreign debt like there is no tomorrow (oops, maybe they are right?) so why don't we? May as well join the bunch.

Last week, one senior European Central Banker described not lending to each other as akin to collective suicide.

Well, senior bankers are generally fond of such quips. However, I have news for them. Before the advent of Merchant Banks, Central Banks, Investment Banks etc, the human race actually survived quite well on a system of barter.

Let's face it, you can't lend without implying debt - and right now, "debt" is a four letter word. Maybe we should boot out the banks and their fat cats and go back to a barter system

I've got a lovely bunch of coconuts.... care to swap for some bananas? :bananasmi

 

[Sean K]

Just heard it's now $1.5B - not hard to get angry over this , everybodys pal Rudd just throws OUR money to a regime that jails our citizens for 20 yeares on what could be a trumped up drugs charge and usesthe death penalty which we object to.

Rudd obviously subscribes to the Gareth Evens school of bowing and scraping to the Indonesians.

I would agree to this if they agreed to have some respect for and not offend us.

I agree, they only get the cash if they let Corby out, and dump the death penalty.

MrB for Foreign Minister!

 

[inrodwetrust]

What a short memory we all have (esp the media) ..... whatever happened to Howard's $B+ grant to Indonesia after the Tsunami?? was that just a opportunistic media promise(probably) or what & where if any was actually given? I think a fair sum eg $100's m to Aceh, the rest was meant for various projects throughout Indo.

The help for Aceh was fair enough but I've never heard anything since about the rest of the promise. Anyone?

Even though the current $1B from Rudd is a loan....any bets on how much if any will be repaid? My bid is $100m if we're lucky .. the rest will be defaulted for one reason or another.... say in 5-10yrs...when the loan is a distant memory.

Although I acknowledge if used for its intended purpose successfully(& not Russian jets!), it would be a sensible move, at least for the the short term.

PS. Shapelle Corby may well be innocent, but wasn't the father & step brother apparently the guilty ones?(according to the various media reports) I say blame them for her situation!

 

[MrBurns]

I agree, they only get the cash if they let Corby out, and dump the death penalty.

MrB for Foreign Minister!

errr.......... that's not what I said, a fair trial would have been nice and the death penalty for drug smuggling is not on, it's too easy to be framed and there's no understandable trial or justice system over there.

Our $1B is down the drain as far as I can see, there should have been some conditions but Rudd just dropped his pants and bent over and they talk about Howard crawing to Bush.

 

[numbercruncher]

You can hear the dodgy Indonesian officals now ....

" Those Aussies are dumb little fkers eh ? "

" sure are aye boss "

" Cmon jump in the lear jet lets go to Germany for the weekend and buy another Diamond encrusted Mercedes "

 

[TheAbyss]

Some wise words from yesteryear

The budget should be balanced, the treasury should be refilled, the public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance.

Cicero - 55 B.C.

And the Roman Empire fell soon after these words were written...

 

[Sean K]

Some wise words from yesteryear

The budget should be balanced, the treasury should be refilled, the public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance.

Cicero - 55 B.C.

And the Roman Empire fell soon after these words were written...

And what have we learnt?

Humans are pretty bloody stupid!

Or, is that just selfish?
Or, short sighted?
Or, ???

 

[MrBurns]

And what have we learnt?

Humans are pretty bloody stupid!

Or, is that just selfish?
Or, short sighted?
Or, ???

The people who learned that lesson died, the next gereration had to learn it all over again and so it goes on just like here, crash in early 90's so what ? the now gereration didn't go through it didn't learn anything so they have to learn it all over again, it's just a circle.
NOW if everyone lived for 200 years this crash may have been avoided because the ones that caused this weren't around for the earlier ones.

 

[disarray]

And the Roman Empire fell soon after these words were written...

actually the roman empire went on to become one of the most powerful empires in human history soon after these words were written. what did collapse soon after was the republic, replaced by a dictatorship. dictatorships get things done until the man in charge (or his successors) goes mad.

the human condition is nothing if not predictable.

 

[Sean K]

actually the roman empire went on to become one of the most powerful empires in human history soon after these words were written. what did collapse soon after was the republic, replaced by a dictatorship. dictatorships get things done until the man in charge (or his successors) goes mad.

the human condition is nothing if not predictable.

Maybe 'soon after' in perspective is close enough.

You are right though, we'll go through all this again, I'm sure.

And the 'War to end all wars', will some day be fought again. Actually, it was ...

Wonder what will change us...

 

[Aussiejeff]

Maybe 'soon after' in perspective is close enough.

You are right though, we'll go through all this again, I'm sure.

And the 'War to end all wars', will some day be fought again. Actually, it was ...

Wonder what will change us...

A falling apple..?

 

[Sean K]

A falling apple..?

That happened too.

And that stupid woman Eve ate the bloody thing as well!

That caused some trouble.

 

[Aussiejeff]

That happened too.

And that [size=+1]stupid woman[/size] Eve ate the bloody thing as well!

That caused some trouble.

[size=+2]*INCOMING!!*[/size] :hide:

 

[arco]

Australia to prepare $5b loan for Indonesia

The Jakarta Post | Wed, 12/10/2008 1:19 PM | National
The Australian government has expressed commitment to facilitate a US$5 billion standby loan to help Indonesia cope with the impact of the U.S.-led global liquidity crisis.

Australia's Prime Minister Kevin Rudd expressed the commitment at a press conference with President Susilo Bambang Yudhoyono after a bilateral meeting in Bali on Wednesday noon.

Rudd said that countries, particularly those in a same region, must cooperate in addressing the pressure from the global economic turmoil. As a good neighbor, it was natural for Australia to pledge such commitment, he said.

Yudhoyono said the loan from Australia would be ready whenever Indonesia needed additional capital to sustain economic growth and mitigate devastating impact from the economic woes.

He added that Indonesia had decided not to rely on IMF such as it did a decade ago during the Asian financial crisis. Indonesia, he said, would prefer to seek assistance from the World Bank, Asian Development Bank or traditional allies such as Japan, Australia and European Union.

http://www.thejakartapost.com/news/2008/12/10/australia-prepare-5b-loan-indonesia.html

 

[arco]

.

There are reports the funds would be for infrastructure projects. Australia joined a group that extended a line of credit to Indonesia during the 1997-98 Asian financial crisis, but it was never drawn down. But there are questions over whether Indonesia really needs the loan.

 

[numbercruncher]

Australia to prepare $5b loan for Indonesia

Diamond enrusted Mercs all round boss ?