Re: Australia's debt.

rodn.pick · ‎10-02-2015

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!

joz*garage · ‎10-02-2015

*waits for curma's reply

Signatures suck.

*mrgrizz* · ‎10-02-2015

your posting style gives you away.

yes pay a billion dollar debt in cash notes.

lind9650 · ‎10-02-2015

0 ID?

No idea.

siggie-reported-by-alarmists · ‎10-02-2015

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

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

____________________________
"High and low pressure systems cause the day-to-day changes in our weather." ...Metoffice.......

siggie-reported-by-alarmists..............

the_great_she_elephant · ‎10-02-2015

@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

cherry*135 · ‎10-02-2015

How do you think that will work?

***super_nova*** · ‎11-02-2015

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

000000000000000000000000000000000000000000000000000000000000000000000000000000000

Voltaire: “Those Who Can Make You Believe Absurdities, Can Make You Commit Atrocities” .

k0llectable5 · ‎11-02-2015

@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?

curmu-curmu · ‎11-02-2015

@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.