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Keeping a lid on it - by Joe Toscano

On every available indicator and every batch of statistics the gap between the powerless and the powerful has grown in Australia.
Despite the wealth being generated by a once in a lifetime mining boom, 22 million people living on a continent still have trouble
tackling issues that should have been sorted out decades ago. The lid has been kept on dissent through the availability of relatively easy
credit for people with investments and jobs.

From Scarcity to Abundance: Re-imagining Money, Finance Capital vs. Public Banking - Ellen Brown

In her talk to the New Wall Street meeting of 16 March, Ellen Brown Chairman and President of the Public Banking Institute and author of Web of Debt shows that financial crisis faced by much of the industrialised economies has been caused by their governments having surrendered to private banking corporations the right to create money.

Includes two broadcasts from YouTube also broadcast from Global Research TV as From Scarcity to Abundance: Re-imagining Money on 25 April 2025 and Finance Capital vs. Public Banking of on 22 October 2011. See also: articles by Ellen Brown on Global Research and The Corbett Report.

There Ain't No Cure For The Recession Blues

One day it will dawn on us that this is no ordinary recession. This is not a fiscal or credit crisis. Another trough in the usual boom and bust cycle. This time Keynesian prime-pumping won't work (if in fact it ever did, contrary to legend). We cannot spend or inflate our way out of this one. And if we do the reverse, if we cut back spending and implement austerity and conservation measures, we will only be taking our foot off the gas pedal-----not braking our motion toward the cliff. And the poor and the unemployed will suffer a disporportionate amount of the pain. Traditional left wing or right wing strategies are obsolete. The problem they would attempt to solve is much deeper than they imagine, and beyond their comprehension.

The new refugees in the first world

The growth model produces extensive areas that are riddled with debt and have no genuinely productive function or options by which to repay that debt. The extremity of circumstance shown in these videos also presents a new, terribly real, but currently unreported wave of refugees - the repossessed homeless.

Voter beware! Rudd solution to mortgage debt compounds debt

Rudd and the banks' 'solution' to poverty, debt and homelessness is no solution at all. It drives up the mortgage burden in the long-run and relies on business as usual returning in an increasingly uncertain future. Forget debt, let's dump the banks.

"Jump!" Paul Burnett's New Internationale for Post-Industrial times

Feeling really angry about the way governments all around the world are giving all our taxes to the Churches of Global-trading, Growth Economics and their ministers of government and friends? Got something to say to them?

Well, check out this song on you-tube. http://www.youtube.com/watch?v=9TYezSrzUUs

Politically addicted to immigration - ALP rejects push for migration rate cut

"Can someone get Gillard to specify where the skills shortage is now that the resources industry and construction industry are beginning to majorly shed jobs?"

Update: Immigration Minister Chris Evans 'expects' skilled immigration numbers to drop 'next year' due to the global economic crisis. See "Australia to cut skilled immigration" in the Age of 23 Feb 09

mike's picture

A crisis is a terrible thing to waste

For over twenty five years, I could not understand why as a civilisation we have this fascination with Economic Growth. Everyone tells us that growth is good for us, even though most of us don't like it, and consternation abounds when it goes away, as is happening right now. Well dear reader, it's all clear as a bell now. Capitalism, and its cousins the Free Markets, are fundamentally flawed. Capitalism is doomed to fail, no matter what we do, and here is why.

See also: "How the growth lobby threatens Australia's future" of 24 Jan 09 (also published on Online Opinion with forum discussion).

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