As if I needed another reason to not buy C.U.B. products.

[Ducatiboy stu]

So the TV serries V was based on real beliefs ????

What makes you think that ?

 

[Dave70]

So the TV serries V was based on real beliefs ????

Pretty much. Its like scientology, just less lizards.

 

[goomboogo]

If the government expects to raise money, it comes from taxes, can you show me where you think a budget forecast has come from anywhere else other than the usual suspects of various taxes and interest rates.

When the federal government incorrectly labels it's fiscal statements as budget papers, it is easy to see why confusion reigns regarding matters of monetary systems and macroeconomics. The reality is counter-intuitive. The federal government does not tax then spend. It spends then taxes. The budget forecast you refer to is nothing of the sort. It is a fiscal outlook within a stock-flow consistent macroeconomic accounting structure.

There is a mountain of literature on macroeconomics and the monetary system under which we operate in this country. The fact our politicians and most economists have little understanding of the system is a major problem. During a conversation, Wayne Swan was a asked a few basic questions about these matters. He demonstrated an almost complete misunderstanding of the system and he was the federal treasurer at the time. All federal treasurers since have displayed the same lack of understanding. Some will argue that it doesn't serve their purposes to understand the system.

I will PM a copy of a brief book that outlines seven of the most prevalent misconceptions in the area of macroeconomics and monetary systems. It is by no means comprehensive but is a lucid account of why the misunderstanding prevails.

 

[Ducatiboy stu]

If the government expects to raise money, it comes from taxes, can you show me where you think a budget forecast has come from anywhere else other than the usual suspects of various taxes and interest rates.

Governments also charge "fee for service"...rego fees, public transport fares, etc..

Not all the money the Government spends comes from tax's in the classic sense

 

[manticle]

So the TV serries V was based on real beliefs ????

V, the matrix and the dark crystal were all documentaries.

 

[arctic78]

That's what I thought :lol: :lol:

 

[Ducatiboy stu]

V, the matrix and the dark crystal were all documentaries.

You forgot Home & Away... Although thats probably more a documentry

 

[niftinev]

I luv CUB for helping to guide me into the realm of home brewing and not buy their products

 

[Zorco]

Thanks XXXX

 

[Vini2ton]

You don't have to flush because replicas can't smell.

 

[spog]

Governments also charge "fee for service"...rego fees, public transport fares, etc..

Not all the money the Government spends comes from tax's in the classic sense

Come to South Australia,our gov calls them levees...it gives us all a nice warm fuzzy feeling ,pigs arse!

 

[Bridges]

 

[Dave70]

You forgot Home & Away... Although thats probably more a documentry

Sea Patrol.
Also a documentary. Apparently.

https://www.youtube.com/watch?v=moJ7j86MyWw

 

[spog]

Sarah Hanson Young is she Boris Johnsons sister ?

 

[wide eyed and legless]

When the federal government incorrectly labels it's fiscal statements as budget papers, it is easy to see why confusion reigns regarding matters of monetary systems and macroeconomics. The reality is counter-intuitive. The federal government does not tax then spend. It spends then taxes. The budget forecast you refer to is nothing of the sort. It is a fiscal outlook within a stock-flow consistent macroeconomic accounting structure.

There is a mountain of literature on macroeconomics and the monetary system under which we operate in this country. The fact our politicians and most economists have little understanding of the system is a major problem. During a conversation, Wayne Swan was a asked a few basic questions about these matters. He demonstrated an almost complete misunderstanding of the system and he was the federal treasurer at the time. All federal treasurers since have displayed the same lack of understanding. Some will argue that it doesn't serve their purposes to understand the system.

I will PM a copy of a brief book that outlines seven of the most prevalent misconceptions in the area of macroeconomics and monetary systems. It is by no means comprehensive but is a lucid account of why the misunderstanding prevails.

There are lots of fancy names for fixing economies, no matter what method is used to appear that money has been obtained with fancy footwork from the RBA the banks, at the end of the day the time will always come to pay the piper, as is happening in Venezuela at the moment, 17 years of a socialist government and inflation running away at 750%, 1 weeks worth of food to last 1 month.
On our doorstep we have the Asian nations just waiting for the opportunity to show how cheap their labor is compared to Australia, all the manufacturing that we have lost recently, all gone off shore to one of our surrounding neighbors.
I took a trip to Moorabbin which a few short years ago was a hub of both small and large factories all there is there now is importers for the $2 Shops (and we all know how fastidious the Chinese are with their book work and keeping their taxes up to date ) and the take away food shops most of all the manufacturing has gone.

 

[Ducatiboy stu]

Come to South Australia,our gov calls them levees...it gives us all a nice warm fuzzy feeling ,pigs arse!

Yes, but they can get away from calling it a tax..

Tax is election suicide

Politics is as bad as Capitalism...or maybe they are the same....

 

[Ducatiboy stu]

There are lots of fancy names for fixing economies Really...I never..., no matter what method is used to appear that money has been obtained with fancy footwork from the RBA the banks that would be accounting, at the end of the day the time will always come to pay the piper, as is happening in Venezuela at the moment, 17 years of a socialist dont forget the corruption ..etc...happens f 1st world governments as well government and inflation running away at 750%, 1 weeks worth of food to last 1 month.
On our doorstep we have the Asian nations just waiting for the opportunity to show how cheap their labor is compared to Australia, all the manufacturing that we have lost recently, all gone off shore to one of our surrounding neighbors.Which is interesting as that was a result of the big manufacturing companies looking for cheap, almost government subsidiesed work force. Asia is getting expensive now, they are looking at Africa as the next step, there willing. The US has pulled out of Mexico for the same reason. The worked wanted a fair deal
I took a trip to Moorabbin which a few short years ago was a hub of both small and large factories all there is there now is importers for the $2 Shops Pretty cause a lot of them where old in old building with old infrastructure. Was cheaper to relocate and build something 10x better (and we all know how fastidious the Chinese are with their book work and keeping their taxes up to date ) and the take away food shops most of all the manufacturing has gone. True. but a lot pf that is because of mechanisation, robotics, CNC machinery. Stuff is still being made, but by machine, not man

 

[Zorco]

There are lots of fancy names for fixing economies Really...I never..., no matter what method is used to appear that money has been obtained with fancy footwork from the RBA the banks that would be accounting, at the end of the day the time will always come to pay the piper, as is happening in Venezuela at the moment, 17 years of a socialist dont forget the corruption ..etc...happens f 1st world governments as well government and inflation running away at 750%, 1 weeks worth of food to last 1 month.
On our doorstep we have the Asian nations just waiting for the opportunity to show how cheap their labor is compared to Australia, all the manufacturing that we have lost recently, all gone off shore to one of our surrounding neighbors.Which is interesting as that was a result of the big manufacturing companies looking for cheap, almost government subsidiesed work force. Asia is getting expensive now, they are looking at Africa as the next step, there willing. The US has pulled out of Mexico for the same reason. The worked wanted a fair deal
I took a trip to Moorabbin which a few short years ago was a hub of both small and large factories all there is there now is importers for the $2 Shops Pretty cause a lot of them where old in old building with old infrastructure. Was cheaper to relocate and build something 10x better (and we all know how fastidious the Chinese are with their book work and keeping their taxes up to date ) and the take away food shops most of all the manufacturing has gone. True. but a lot pf that is because of mechanisation, robotics, CNC machinery. Stuff is still being made, but by machine, not man

What, now you're sharing the same post too.....

You blokes should share a pub for 6 hours - you'd walk away as brothers!

 

[Ducatiboy stu]

What, now you're sharing the same post too.....

You blokes should share a pub for 6 hours - you'd walk away as brothers!

But he would still be WEAL in my eyes

 

[goomboogo]

There are lots of fancy names for fixing economies, no matter what method is used to appear that money has been obtained with fancy footwork from the RBA the banks, at the end of the day the time will always come to pay the piper, as is happening in Venezuela at the moment, 17 years of a socialist government and inflation running away at 750%, 1 weeks worth of food to last 1 month

It has nothing to do with fancy names or imaginary methods. The existing accounting process is in place whether you like it or not. It is in place whether you understand it or not.

Venezuela is a poor example to use when talking about Australia. Enlighten us on the factors that contributed to economic circumstances that confront Venezuela. What's your view on the role of real resource constraint in the Venezuelan economy? How do you think Australia compares to Venezuela in terms of the allocation and use of real resources? Do you believe Venezuela's foreign denominated debt is somehow comparable to the Australian situation? In your view, did the currency peg and the manner in which the Venezuelan government managed the currency play a role in the slide of the nation's economy?