A Cassandra’s Lament 13 Aug 2013 | 02:00 am

IMF Economist Says Banks’ Key Function Is To CREATE Money 9 Aug 2013 | 06:48 am

Cross-posted from neweconomics.net.nz (my bold added) - Today I made the mistake of going to a Georgist website where there was a sentence which made me mad. It said that in New Zealand, banks like f...

Australian Banks Demand Protection From Derivatives Losses Under Bail-In Plan 7 Aug 2013 | 07:00 pm

It has been well-documented by others that the Cyprus-style bank “bail-in” scheme that is presently being prepared right across the G20, is really all about derivatives — those “financial weapons of m...

Who Owns 66% Of Australia’s Debt? Anonymous Fronts 7 Aug 2013 | 09:09 am

From the Australian Office of Financial Management (AOFM) Public Register: Click to enlarge

Australia’s Public Debt Now 61% Worse Than Ireland Before It Crashed 6 Aug 2013 | 07:00 pm

There are many who want you to believe that Australia’s public debt level is “low”, and nothing to be concerned about. The truth is, there are a lot of lies told about our public debt. Usually, they ...

À la folie … pas du tout (He Loves Me, He Loves Me Not) 6 Aug 2013 | 03:16 pm

Poor widdle Kevvy. That awful Rupert Murdoch, whose media empire backed him for PM in 2007 … Crikey, November 2007: The biggest surprise is the strong support for Labor in the Murdoch press — a mar...

Shameless, Disgraceful, Bombastic Liar 6 Aug 2013 | 09:24 am

This is what Australian politics has been reduced to. Shameless, disgraceful, bombastic lies. From shameless, disgraceful, bombastic liars. Assistant Treasurer David Bradbury was interviewed on DMG...

Business Leaders Urge Action On Problem They Do Not Want Solved, And Treasury Does Not Understand 6 Aug 2013 | 07:29 am

There must have been something in the air last night. While I was writing today’s blog on Treasury’s epic fail in its analysis of Australia’s structural budget deficit, it seems that our business eli...

Treasury Ignores Housing Sector In Structural Budget Comparison With Ireland 5 Aug 2013 | 07:00 pm

The Australian Treasury’s recent update to its working paper Estimating The Structural Budget Balance Of The Australian Government, makes for interesting reading. Interesting, in that it provides all...

Leading Social Democrat Answers Rudd’s Question On AAA Rating 5 Aug 2013 | 09:25 am

Kevin Rudd has made much of his being — according to him — a Social Democrat. He has also made much of Australia’s AAA credit rating. Interestingly, another leading light of the so-called “Left”, wh...