Double Dissolution 2016

[luutzu]

Ronald Reagan, pioneer of trickle down economics US President 1981-1989

Malcolm Turnbull/Scott Morrison, promoters of trickle down economics.

The graph below of US National debt is a horrifying portent of what could happen to us if Reagan's policies are implemented here.

View attachment 66643

It's been here a while SirR.

National debt is not a problem if it is put towards productive means. A country could get a lot more return if they borrow and invest properly.

Big problem when a country have to borrow just to give it away or spent it on things like corporate bailouts, tax cuts to the upper crust, wage wars overseas and having to beef up security at home in to prevent blowbacks.

An example I heard from Democracy Now news was how US banks got bailed out and given free money (in addition to US gov't guarantees etc.)... Then with the money and free cash, the banks then lend it back to the US Treasuries - at a profit.

It's like I borrow money to lend you money; with you being the bank that lends me the money with my borrowed money - and for the cherry on top of that, I lend you for nothing but you lend me at a higher rate.

And we wonder why the American public are sick of establishment politics.

 

[CanOz]

Ronald Reagan, pioneer of trickle down economics US President 1981-1989

Malcolm Turnbull/Scott Morrison, promoters of trickle down economics.

The graph below of US National debt is a horrifying portent of what could happen to us if Reagan's policies are implemented here.

View attachment 66643

More rubbish from you!

This is a total mis-representation of data....i get it now, you're not a Unionist, your a statitician!

Let me post a chart of China's debt, Russia's debt, France's debt, Canada's debt and all the other socialist countries and blame it on socialism...

You couldn't pay someone to write rubbish like this, seriously!:1zhelp:

 

[SirRumpole]

More rubbish from you!

This is a total mis-representation of data....i get it now, you're not a Unionist, your a statitician!

Let me post a chart of China's debt, Russia's debt, France's debt, Canada's debt and all the other socialist countries and blame it on socialism...

You couldn't pay someone to write rubbish like this, seriously!:1zhelp:

Mis representation of data ? Why ?

Are you saying the graph is wrong ?

So what do you blame for the sudden upsurge of debt under Reagan ?

 

[CanOz]

Mis representation of data ? Why ?

Are you saying the graph is wrong ?

So what do you blame for the sudden upsurge of debt under Reagan ?

No, YOU explain it. its your bloody chart. Explain what exactly the debt was comprised of! You can't just show a chart with 14 trillion in debt and blame it on a Presidency!

If this is the way you Labor lot operate, its no F'in wonder you can't manage a piss up in a brewery! You're a complete joke. A troll. A complete internet troll with nothing better to do than misrepresent data and drive people crazy with your wining BS.

 

[CanOz]

It's been here a while SirR.

National debt is not a problem if it is put towards productive means. A country could get a lot more return if they borrow and invest properly.

Big problem when a country have to borrow just to give it away or spent it on things like corporate bailouts, tax cuts to the upper crust, wage wars overseas and having to beef up security at home in to prevent blowbacks.

An example I heard from Democracy Now news was how US banks got bailed out and given free money (in addition to US gov't guarantees etc.)... Then with the money and free cash, the banks then lend it back to the US Treasuries - at a profit.

It's like I borrow money to lend you money; with you being the bank that lends me the money with my borrowed money - and for the cherry on top of that, I lend you for nothing but you lend me at a higher rate.

And we wonder why the American public are sick of establishment politics.

Not to mention a few destructive wars...oh, but that's trickle down too!

 

[SirRumpole]

No, YOU explain it. its your bloody chart. Explain what exactly the debt was comprised of! You can't just show a chart with 14 trillion in debt and blame it on a Presidency!

If this is the way you Labor lot operate, its no F'in wonder you can't manage a piss up in a brewery! You're a complete joke. A troll. A complete internet troll with nothing better to do than misrepresent data and drive people crazy with your wining BS.

Ha ha ha, thanks for that.

Another troll that just throws insults when presented with evidence.

Zero credibility pal. See ya.

 

[CanOz]

Ha ha ha, thanks for that.

Another troll that just throws insults when presented with evidence.

Zero credibility pal. See ya.

You call that evidence?

Calling you a troll is not an insult, you are clearly here on this forum as a troll, its the absolute truth! What do you contribute in terms of help or assistance to new people interested in the financial markets?

:bad:ZERO ---- PAL

 

[SirRumpole]

You call that evidence?

Calling you a troll is not an insult, you are clearly here on this forum as a troll, its the absolute truth! What do you contribute in terms of help or assistance to new people interested in the financial markets?

:bad:ZERO ---- PAL

Life is all about financial markets is it ?

A lot of people do just fine without taking any interest in it.

 

[CanOz]

Life is all about financial markets is it ?

A lot of people do just fine without taking any interest in it.

Time for a reminder......How did you and Tisme end up here anyway? Were you banned from Hot Crapper or something?

 

[SirRumpole]

Other views on trickle down economics.

We're being sold the trickle-down economics con

http://www.abc.net.au/news/2016-05-...g-sold-the-trickle-down-economics-con/7406844

 

[SirRumpole]

Time for a reminder......How did you and Tisme end up here anyway? Were you banned from Hot Crapper or something?

Forum: General Chat

For the discussion of all non-market related topics

But as has been pointed out before, a lot of threads actually have relevance to financial markets.

Terribly sorry if you don't like seeing views different to your own, but hey, that's life.

 

[CanOz]

Forum: General Chat

For the discussion of all non-market related topics

But as has been pointed out before, a lot of threads actually have relevance to financial markets.

Terribly sorry if you don't like seeing views different to your own, but hey, that's life.

ITS NOT YOUR VIEW I DISAGREE WITH, ITS THE WAY YOU DELIBERATELY MISREPRESENT THE FACTS.

Your are a politician aren't you? I'm convinced only a politician could show a 7 trillion dollar chart and actually say "this is what could happen here" if Australia adopts a trickle down economics approach.

That debt was not the result of what trickle down economics was designed to do. That debt was a direct result of a corrupt government, a corrupt banking system with a derivatives system bent on leverage and greed.

Is that what you call trickle down economics?

President Reagan's economic policies, commonly referred to as "Reaganomics" or supply-side economics, were based on trickle-down theory. The idea is that with a lower tax burden and increased investment, business can produce (or supply) more, increasing employment and worker pay.

Thats not what caused that mountain of debt...to say that is simply not factual.

End of rant. End of discussion with you. Ignore activated.

 

[SirRumpole]

That debt was not the result of what trickle down economics was designed to do. That debt was a direct result of a corrupt government, a corrupt banking system with a derivatives system bent on leverage and greed.

You mean Reagan was corrupt as well as stupid ?

The mountain of debt increased at it's maximum rate during his term of government.

The point (for anyone else willing to debate) is that cuts to the "big end of town" was supposed to produce more revenue over the years that the cuts cost. The is the justification presented for that policy by Morrison and Turnbull.

In the case of the US, that opinion was demonstrably false, as it's almost ever increasing debt shows.

End of reasonable response to a rant.

 

[Tisme]

I'm sure all of you will take the same care evaluating your voting intentions as you would when trading shares.

There is no choice, it has to be Clive and his brave band of pups:

https://palmerunited.com/our-achievements:

 

[Tisme]

Tony's ex dumping on Mal:



http://www.smh.com.au/federal-polit...mansion-malcolm-turnbull-20160512-gotu72.html

 

[Tisme]

Screenshot of my political compass via ABC site"

https://votecompass.abc.net.au/

 

[Tisme]

Time for a reminder......How did you and Tisme end up here anyway? Were you banned from Hot Crapper or something?

I take it you suffered from hypogonadism in your youth? You aren't armed well enough to take on old internet war horses like Rumpole and it shows.

That should get your fishwife mates PMing you madly.

 

[SirRumpole]

Screenshot of my political compass via ABC site"

https://votecompass.abc.net.au/

View attachment 66660

Where can I vote for you ?

 

[Tisme]

Where can I vote for you ?

You're not on facebook, but one i'm particularly drawn to is TIDGAFP... they seem to fit the bill.


I'd like to take the opportunity to express how humble I feel at getting the rush of PMs from the voiceless little people of the forum agreeing with my assessment of a particular gelding and his abrasive attitude to caring and thoughtful people like Rumpole and myself. One thing you would never get from vocal antagonists like Noco is him taking home his bat and ball when he gets cleaned bowled ..... no he has too much strength of character.

 

[SirRumpole]

You're not on facebook, but one i'm particularly drawn to is TIDGAFP... they seem to fit the bill.

I am on Facebook and I'll check them out.

I'd like to take the opportunity to express how humble I feel at getting the rush of PMs from the voiceless little people of the forum agreeing with my assessment of a particular gelding and his abrasive attitude to caring and thoughtful people like Rumpole and myself. One thing you would never get from vocal antagonists like Noco is him taking home his bat and ball when he gets cleaned bowled ..... no he has too much strength of character.

Yep, I have to give it to noco he keeps coming back for more, God bless him.