stockmarkets are a joke

i said it before and i will say it again- when markets can move hundreds of points because someone is considering talking to someone else or unconfirmed rumours circulate proving to be nothing more than rumours then the system is broken. markets are totally manipulated and regulators are totally unwilling or unable to act. when someone drives their car in an unappropriate manner their license is revoked. likewise many of the financial tools available need to be removed or heavily regulated as many of the financial institutions have proven themselves to be unworthy of the trust accredited to them. this should have happened after the GFC1 and now we are staring at GFC2 you can equally blame the regulators and the governments in this complicite behaviour.
all have proven themselves unfit to lead. the people of the world look for real change but instead are explotied by greedy individuals who maintain the status quo at the expense of the citizens of the world.

labour party problems

was just watching gillards talk about how the party was not equipped for the changing individualistic needs of the people and that the labour principle of one fits all is off the past. i wonder what would happen to a labour mp if he expressed his individualism and voted against the carbon tax- i would suggest career over. party politics may offer some stability in government but clearly surpresses free thinking. a lower house held by independants like in australia does cause uncertainty for sure but obviously improves that freedom of thought. the true independant thought comes from the people- my local mp- although democratically elected by the people, truly needs the right to freely express views of his represented people. crossing the floor in parliament should be a normal occurrence, not a career defining event.

greece

it looks like greece will be allowed to default as the plans are put in place for the aftermath. also greece will be allowed to remain in the euro. why would they? the best thing great britian ever did was not join. ever been on a picnic and when you unpack your euro basket the cake had been squashed- well the cake is greece, italy, spain, portugal and ireland. yes it is true that some of these countries are fiscally irresponsible but these countries are unevenly yoked. they need to determine their own monetary policy and sink or swim accordingly. the single european currency is totally dominated by france and germany but to be truly fair all member countries should have an equal say in policy. this wont happen- so it will fail. just like the idea of a world monetary standard. if it cant work in europe how is it going to work worldwide. i think this is why they are so desperate to make people believe that the euro is a success

gdp figure

well i was quite surprised. +1.2 and with a last quarter revision gives a total of +1.1 for the running year. so no recession as yet. no cut in interest rates as long as spending continues and huge amounts of mining investment which i am sure will continue forever- i am a big fan of resource tax?-we all need to profit from this.
on another topic stock markets are a joke. down one day because of european debt concerns. up the next because bernanke thoughtfully stroked his beard. standing back and looking at the big picture; huge debt burdens will suppress growth for many years to come. stock markets will struggle for many years to come.

retail penalty rates

with retail sales struggling the australian retail association has identified the problem- workers weekend penalty rates. i can assure these people that this is not the problem. the problem is no-one has money to spend. the government has their hands in both our pockets scrambling for any loose change and the RBA has their foot firmly planted on our necks.

real gold price

what is the real price of gold/silver? if you take away the elaborate schemes designed to suppress these prices to prop up a failing fiat system which is a debt system- any addition to the money supply is debt. gold has increased 200% in five years despite the shackles holding it back. the latest trick is to increase the margin requirements to buy a contract. All this will do is remove speculators and turn the market into a physical delivery market- which is what it should be anyway. some commentators refer to a gold bubble which will burst when growth resumes.
the truth is fiat currency is in a bubble- and the only political will is to create stimulus to boost growth- ie print more money(debt). the currency debases and gold must rise. the major banks that suppress the price will eventually get burned and the old taxpayer will pay to bail out the banks. the time must come for a new commodity based monetary standard- but who could you trust to ensure that legitimate reserves are held against the issued currency. whoever holds the commodities(or a basket of countries) must be totally transparent. any member country should have the right to independantly inspect the commodities and audits done regularly by a panel of member representatives.

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