topic Re: Australia's debt. in Community Spirit

Australia's debt.

rodn.pick — Mon, 09 Feb 2015 19:58:22 GMT

Solabor left a massive debt.Liberals say it costs 37million a day to pay interestSimple solution.PRINT MONEY and pay the debt.The money borrowed is just printed by another country.Most of the central banks are simply printing money.It is not backed by gold.

PRINT AND PAY OFF DEBT!

Re: Australia's debt.

joz*garage — Mon, 09 Feb 2015 20:28:26 GMT

*waits for curma's reply

Re: Australia's debt.

*mrgrizz* — Tue, 10 Feb 2015 01:27:50 GMT

your posting style gives you away.

yes pay a billion dollar debt in cash notes.

Re: Australia's debt.

lind9650 — Tue, 10 Feb 2015 04:30:43 GMT

0 ID?

No idea.

Re: Australia's debt.

siggie-reported-by-alarmists — Tue, 10 Feb 2015 04:38:02 GMT

@joz*garage wrote:
*waits for curma's reply

He's learnt not to post straight away....... or it's too obvious....

Re: Australia's debt.

the_great_she_elephant — Tue, 10 Feb 2015 04:55:36 GMT

@rodn.pick wrote:
Solabor left a massive debt.Liberals say it costs 37million a day to pay interestSimple solution.PRINT MONEY and pay the debt.The money borrowed is just printed by another country.Most of the central banks are simply printing money.It is not backed by gold.
PRINT AND PAY OFF DEBT!

They tried that in Germany between the wars the result was hyperinflation.

http://www.usagold.com/germannightmare.html

Re: Australia's debt.

cherry*135 — Tue, 10 Feb 2015 05:19:10 GMT

How do you think that will work?

Re: Australia's debt.

***super_nova*** — Tue, 10 Feb 2015 21:05:49 GMT

Why does the debt matter anyway; isn't end of the world coming soon?

Re: Australia's debt.

k0llectable5 — Tue, 10 Feb 2015 21:24:07 GMT

@rodn.pick wrote:
Most of the central banks are simply printing money.It is not backed by gold.

Now someone correct me if I'm wrong (I know little of economics) But as far as I know that statement is actually true of our current fiat currancy. So why do we pay an "independent organization" to do this? Shouldn't our government be in charge of printing the money?

Re: Australia's debt.

curmu-curmu — Wed, 11 Feb 2015 00:01:39 GMT

@secondhand-wonderland wrote:
@rodn.pick wrote:
Most of the central banks are simply printing money.It is not backed by gold.

Now someone correct me if I'm wrong (I know little of economics) But as far as I know that statement is actually true of our current fiat currancy. So why do we pay an "independent organization" to do this? Shouldn't our government be in charge of printing the money?

The Reserve Bank of Australia is in charge of ALL currency printed/manufactured in Australia...anything else is a forgery.

http://www.noteprinting.com/about-npa-history-and-management.shtml

http://www.ramint.gov.au/faq/

Whether or not they choose to print currency above and beyond the gold held as security...well, that's another matter. And not one I'm too knowledgeable about.