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Where on earth did I say you have a cash flow problem?
Please explain?
- Thread starter tech/a
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Where on earth did I say you have a cash flow problem?
tech/a
No Ordinary Duck
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Youve alluded to there being a problem??????
I bother with loans because they make me crap loads of money!
Longterm and short term loans.
Banks make $6 billion/year and according to them money they get is TOO expensive.
You dont have to be debt free to make good money nor do you need to be debt free to sleep at night.
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As Richard Branson said
"It sometimes seems to me that I have spent all my life trying to persuade bankers to extend their loans"
"It sometimes seems to me that I have spent all my life trying to persuade bankers to extend their loans"
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Calm down tiger. I asked why you bother with loans, and now you've answered. It's really that simple. I never alluded to you having a financial problem. I thought you were big, old and ugly enough to handle a direct question...apparently I was wrong?
tech/a
No Ordinary Duck
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Thanks Sinner what I was after.
No problems Gordon your still on my Xmas list.
No problems Gordon your still on my Xmas list.
This is an article an article from Terry McCrann in todays Daily Telegraph on the side of rate rises.
http://www.dailytelegraph.com.au/mo...e-rise-we-needed/story-fn300bzu-1225947016048
http://www.dailytelegraph.com.au/mo...e-rise-we-needed/story-fn300bzu-1225947016048
I think the whole issue highlights just how much of a scam is going down right in front of us.
Debt rollover. We pay the debt with fresh debt. This sort of thing, it works fine, until it doesn't.
That is to say, reality doesn't care about debt. Debt is a human construct, and therefore each dollar of debt has some nominal productive utility. Without proper management, the nominal utility of a dollar of debt becomes so low as to be in fact, unproductive. If this mismanagement is on a national or global scale, it doesn't matter if one person (or country) manages their debt well or not. The drunks have pissed in the sober peoples coffee pot, so to speak.
Eventually the fact that productive capacity is being stunted and stolen through this debt scheme becomes apparent in the economy, no matter what the numbers say (who wishes shadowstats had an Australian branch?). It isn't speculation, it's a simple mathematical certainty.
Boggo, I can just see our banksters begging in front of their creditors to extend the loans "Australian householders are good for it!"..."are they? Whats your workforce consist of?" ..."um, well after we dismantled our manufacturing sector and the rich tourists stopped coming because of the exchange rate, our GDP comes almost entirely from stuff we export and household demand for imported retail junk"..."I see. Miners, clerks and politicians. Extension denied!"
Debt rollover. We pay the debt with fresh debt. This sort of thing, it works fine, until it doesn't.
That is to say, reality doesn't care about debt. Debt is a human construct, and therefore each dollar of debt has some nominal productive utility. Without proper management, the nominal utility of a dollar of debt becomes so low as to be in fact, unproductive. If this mismanagement is on a national or global scale, it doesn't matter if one person (or country) manages their debt well or not. The drunks have pissed in the sober peoples coffee pot, so to speak.
Eventually the fact that productive capacity is being stunted and stolen through this debt scheme becomes apparent in the economy, no matter what the numbers say (who wishes shadowstats had an Australian branch?). It isn't speculation, it's a simple mathematical certainty.
Boggo, I can just see our banksters begging in front of their creditors to extend the loans "Australian householders are good for it!"..."are they? Whats your workforce consist of?" ..."um, well after we dismantled our manufacturing sector and the rich tourists stopped coming because of the exchange rate, our GDP comes almost entirely from stuff we export and household demand for imported retail junk"..."I see. Miners, clerks and politicians. Extension denied!"
