Is that "The peoples front of judiah"
Or
"The Judiah's People front"

It's very interesting actually. I haven't thought too much about it, but in a strange way, the people hold the balance of power....

Kind of like a massive World Wide Strike in the future....

kiteboy dave said...



We have none of those problems. So what the ****ety **** are people out there in our cities whinging about???

Maybe they are demonstrating their support so the same problem does not happen down here.

Also my retirement savings have taken a dive because those greedy people are manipulating the unregulated share markets.
So it does have some effect on us in this "GLOBAL ENVIRONMENT"
American Financial Institutions cough, we all get the flu....

We are exceptionally lucky to live in Australia, lucky to be able to enjoy the fruits of our labour [so to speak] and to be afforded free speech, but from a simple man's perspective we are connected to the global environment and just recently our economy was stimulated by an input of billions of dollars [ merits of which is another discussion] caused by a near/ potential collapse of a financial system the ramifications are still to be felt ie Europe' defaulting countries. its all entwined, as for the protest I agree is seems haphazard in its approach, but in historical terms when a mass of people have consensus of opinions things can change ie Australian's involvement in the Vietnam War [ not diminishing the high regard I have for the diggers]
I think its about the corporate responsibility, integrity and regulation of the Industry in question.

I know, tell me I'm dream'n

hey kiteboy, should we wait till we don't have all this before we say something is rotten with the plan? is there a plan? honest question
sure times are good now but I'm not sure any steps are being made to make it a better place for our kids (anyway I've got to get back to doing nothing about it )

kiteboy dave said...
Here if you work 12hr days you can pay off a beautiful house (compared to most of the world) on it's own block of land in a decent area, drive a reasonable car, sit on a new couch to watch your 50" tv at night. The government provides working healthcare and school systems so your partner can work as well and your kids are healthy, occupied and getting set for their futures. You feel safe walking around your neighborhood. What more could you really ask for?

Totally agree, but it is changing. I think the current Qantas debacle illustrates it nicely. CEO cuts 1,000 jobs, moves work offshore, gets 70% pay rise. And the stock price fell. That pay rise could probably have supported about 100 people's jobs. Social morals have become an issue.

There is a breaking point for any society when wealth disparity becomes too great.

However, yeah, We aren't even close in Australia.

pierrec45 said...

I thought I was watching the news, but I musta missed something somewhere...

Someone enlighten me please.
What is their plan again? What are the precise, unified objectives?

Just protesting is not an action plan, it is merely a particular action.
I too think corps and banks are greedy, but they work mostly within the guidelines and rules granted by (and sometimes for the benefits of) the governments we merrily elected.

How many people working 9-5 left their job to go sit around all day?

PS: whilst we're at it, I'd like to protest about the lack of wind lately...

Are you talking about Tony and the Libs?????

FlySurfer said...

The focus of the protest is about the normal Joe having to bail out the FAT cat.
Or the normal Joe paying more tax than the FAT cat.

This is how it works all over the world, and in Australia.

All the profits are privatised, and when ever there's trouble the trouble gets socialised.

Eg: Privatise the profits, socialise the loses.

Australia has enormous natural resources and a small population, and this contributes to our standard of living which is among the best in the world.

If the government bails out any bank, remember that's your money, and the bank is going to use it to pay the 6 figure salaries of it's executives... like Ralph Norris: $3,500,000 base.

Don't forget banks make money by lending, the more YOU borrow the more THEY make. So when the government boosts large scale purchases "First Home Buyer boost"... it creates MASSIVE demand for debt which is what the banks sell.

Right now things are good in Australia except the cost of living (www.numbeo.com/cost-of-living/rankings_by_country.jsp), among the highest in the world, but that doesn't mean they can't be even better.

Like I've said before, complacency is the atrophy of progress.

A progressive thinker once said: We shall have no better conditions in the future if we are satisfied with all those which we have at present.

Flysurfer is right.... Australia is a smacky addict and doesn't know it has a drug problem....

Australia is a country of oligopolies.....(forgive my spelling)... we have four main banks that pretend to be competitive.... and self regulated... RBA rates don't change a thing... Massive gouging on the working mans income in one of the most over taxed countries with a tax system that pours money into middle class welfare and provides tax cheats for well structured tax affairs.... a neg gearing poisen where basic necessity of a home has been turned into a trading commodity.... which increases home prices much to the jubilation of investors and some home owners who don't realize that if they only have one house and sell it for 750k the next one is equally inflated... the banks love it because they have MASSIVE loans = massive profits, state govs loves it because of MASSIVE stamp duty income (which they were supposed to abolish btw with the GST comming in), you then have a choice of Woolworths or Coles for shopping.... then you have music and videos being 50-100% more here than OS when the dollar is on par.... retailers having to recently face the music with ludercrus (spelling again) mark-ups....

I get my glasses for 1/3 of what retail sell them.... as Australia has parallel importing by only two major optical companies..... the guy I get em off buys direct from OS... but due to supplier pressure, he can't get one brand as they have a supply agreement with the two major companies and they won't sell outside of that.... fair competition... FORGET ABOUT IT!

I feel sorry for the poor youth of today considering buying a house.... to think back in the 60 - 70's you could actually own your house in ten years... it cost only 2 to 3 times your annual income and your wife could stay at home and spend valuable time with your kids.... forget about it.... we've progressed Now all they have to look forward to is a mortgage for life.... the prospect of a land tax on the family home... and being squeezed out by cashed up OS investors......

Then we have huge foriegn investment in our agricultural industry.... buying up the food basket.... our utilities.... mining... for the profits and control to go overseas....
As long as the cash lines our pockets, the greed continues and people are happy to sell the farm.....

Australia is happy to be ripped off as long as they get the crack hit (middle class welfare)....

/end-rant



DEBT OWNS YOU.

Mobydisc said...
To say this is not an issue in Australia is not true. In 2008 the federal government promised to guarantee all deposits held with banks up to a million dollars or something like that. So in other words the government backs up some of the biggest and most profitable companies in Australia.

What? That sounds much more like the government backing individual's ...individuals' (...where does the apostrophe go there?) money.

japie said...

evlPanda said...

Mobydisc said...
To say this is not an issue in Australia is not true. In 2008 the federal government promised to guarantee all deposits held with banks up to a million dollars or something like that. So in other words the government backs up some of the biggest and most profitable companies in Australia.

What? That sounds much more like the government backing individual's ...individuals' (...where does the apostrophe go there?) money.

Way I read it is they are backing the bank. Sure it looks as though they are protecting individual's loot, but who gains?

And off the guarantee they ran out and sought further OS funds based on their risk profile... so levered of the gov guarantee....... profit before people... always...

K Dog said...

japie said...

evlPanda said...

Mobydisc said...
To say this is not an issue in Australia is not true. In 2008 the federal government promised to guarantee all deposits held with banks up to a million dollars or something like that. So in other words the government backs up some of the biggest and most profitable companies in Australia.

What? That sounds much more like the government backing individual's ...individuals' (...where does the apostrophe go there?) money.

Way I read it is they are backing the bank. Sure it looks as though they are protecting individual's loot, but who gains?

And off the guarantee they ran out and sought further OS funds based on their risk profile... so levered of the gov guarantee....... profit before people... always...

Imagine a company out to make a profit. Just imagine.

By the way: Hand up those that have experienced a run on a bank, that has your money in it.

I believe in ending all poverty and eradicating all known diseases. My hobbies are horse riding and meeting people. In the future I believe we will all travel in underwater jet cars.

japie said...

evlPanda said...

Mobydisc said...
To say this is not an issue in Australia is not true. In 2008 the federal government promised to guarantee all deposits held with banks up to a million dollars or something like that. So in other words the government backs up some of the biggest and most profitable companies in Australia.

What? That sounds much more like the government backing individual's ...individuals' (...where does the apostrophe go there?) money.

Way I read it is they are backing the bank. Sure it looks as though they are protecting individual's loot, but who gains?

I do. Or at least, if I go to the bank to collect my pay and the bank can't give it to me then I definitely LOSE. Backing individual's funds was to save the bacon of the small guy.

evlPanda said...

K Dog said...

japie said...

evlPanda said...

Mobydisc said...
To say this is not an issue in Australia is not true. In 2008 the federal government promised to guarantee all deposits held with banks up to a million dollars or something like that. So in other words the government backs up some of the biggest and most profitable companies in Australia.

What? That sounds much more like the government backing individual's ...individuals' (...where does the apostrophe go there?) money.

Way I read it is they are backing the bank. Sure it looks as though they are protecting individual's loot, but who gains?

And off the guarantee they ran out and sought further OS funds based on their risk profile... so levered of the gov guarantee....... profit before people... always...

Imagine a company out to make a profit. Just imagine.

By the way: Hand up those that have experienced a run on a bank, that has your money in it.

Obviously I am not against profit, that would be absurd.... you can't really be an absolutist with these things. That's always the easy defense to greed.... what I am against is the way financial systems are architectually designed and who really profits from them... obviously with a lack of competition and protection from the government it puts you in good stead...... I am also against the efforts to prevent market forces by artificially inflating markets by creating more demand through more debt.... if you don't have money, you don't buy.... demand goes down, markets reinvent themselves, evolution... not feeding a crack wh-re with more crack.......

Sure businesses should focus on profit - but governments are supposed to be there for the "people" not business, and make sure business don't take advantage of the "people".... and that is something we have all grown used too.... that now the "corporates" are more of a concern........