Forum Replies Created
hahah Today was the biggest jump in gold since 1999…. I'm wrong yet again… And I will continue to be wrong when gold is $2000 an once.
Wait.. I stand corrected…
http://www.bloomberg.com/apps/news?pid=20601087&sid=aZKOrbcOFw6w&refer=home
According to this article gold has had the biggest increase for 26 years
Hmmm, it seems people are finally loosing faith in debt (nothing) and turning to something real. The stock market couldn't suppress the price of real money forever.
Gold has stood the test of time, Paper pulled out of a magic hat will not.
Gold was $21 an ounce in 1930 now it is almost 40 times that value, while your paper money's value has continued to loose its worth.
Every time you rebuttal by insulting my character and throwing accusations you prove your limited grasp of world ecconomics and your maturity, yet you call me a kid.
Just answer a question, Does it make you feel big, empowered and respected by your fellow forum members when instead of presenting your thesis in a well formed factual representation of your ecconomic knowledge, you post slander and silly little school girl comments.
I have formed my arguments based upon years of Economical, Historical, Philosophical and Theological study along with first person accounts from people who have lived through the great depression, This is not something I have came to the conclusion on a whim, What prior knowledge or experience do you base your ecconomic predictions on ? Sandra Sullys finance segment ?
Wow, Today AIG went under and was bailed out from the federal reserve, Australian stock market down… It appears Im being proven wrong more every day.
Perhaps now is the perfect time to but a new SS and a $500 000 house… after all, it will double in the next year or two. lmao
rudo1ph wrote:hbbehrendorff wrote:I would appreciate if misinformed people do not start throwing insults because the truth is to unbelieve to believe, If you really think I'm that wrong support your argument with facts not character defamationI think that's what called the pot calling the kettle black.
can you explain why ? instead of doing exactly what I asked people not to do.
Bull ? like the property market crashing ? thats not bull thats reality…
"we are not going to be affected much by a recession" What planet are you currently on ? Do you not know that today lehman brothers went broke today ? the dow jones lost 500 points in one day… America has a 8 billion dollar world debt, Banks that survived the great depression are falling over like dominos, The American housing market is totally destroyed and there Interest rates are only 2%. You think Australia's reserve bank lowers interest rates .25% down to 7% and there will be a boom ? Australia's property boom was bigger then the US and you think everything is going to be alright ? Credit Card debt has toped 50 billion in Australia now, double compared to just a few years ago.
How much knowledge do you really have about ecconomics ? Do you even know how the system works ? or is everything you know based on Idiots who run seminars that tell you property doubles every 7-10 years ? Perhaps that news that tells you unrealistic BS about the ecconomy being fine and that the worst is over, I'll tell you right now, people havent seen nothing yet, At minimum Australia will have a very bad recession, Though probably a depression, This has been a long time comming, 30 years comming and within the next few years everything will crash around peoples feet and wonder why ? what happened ?
The world cannot continue to run on the same financial doctrine that we have been since the 20th century, Fractional banking just dosent work and now we all have to pay the price for what we have been putting off through compiling debt and false equity.
Our dollar peaked this year at around 98 U.S how it has crashed down to 78, Last year we seen the peak of our property market and this year we saw the peak of our dollar… Thats it folks, the boom is officially finished, The arrow has been shot up so far into the sky and now it is heading into freefall
Unemployment is rising, Sales have plummeted on both housing caused by insane prices and high interest rates along with retail spending, Now our dollar is going to crap which will continue to lower our profits from what is left of the resources boom. It wouldn't matter if interest rates where droped to 4 or 5% tommorow, the damage is already done, people are debbted out to the max while loosing jobs at the same time. It wouldn't supprise me if from this point on the national deficits start up and our national debt goes sky high.
The whole world runs off a consumption ecconomy, this has to stop very soon or the world will stop it for us. Think about it for a minute, You can buy a Toaster for less then $15. No sane person can say that $15 represents the value of the product and its manufacture. Iron is blasted out of the ground in one country, Plastic is made from oil in another country and then these materials are shipped to another to be turned into a product, then its shiped across the world again, then its trucked all the way through your country and brought to your shop, Then the shop pays people to stack the product on a shelf before you come and buy it for a few dollars… this is a linear system and linear systems cannot be run for infinite time, The worlds resources are almost run out and the debt we all take on to make this system continue is causing a burden so great, it can't be ignored any longer.
These are only a few factors playing a role in what the news downplays as a "Slowdown" which is really the whole finacial system comming to collapse.
Major changes are going to come within the next few years, its so imminent yet so many believe huge booms are comming or everything will be ok, Everything will not be ok, People should be preparing now for the future, Buying money that cannot loose value like gold or silver (though it may be conficated by the government in the future) Storing long life food and water, Storing fuel and buying Generators and water purifiers, And considering moving out of the city.
I would appreciate if misinformed people do not start throwing insults because the truth is to unbelieve to believe, If you really think I'm that wrong support your argument with facts not character defamation
Anyone who believes there will be any kind of boom within the next few years are delusional and don't understand ecconomics, or are full of BS
If you look at all the facts you will see we are probably heading towards another 1929
Perhaps one day government will be run the way it should, but i doubt it.
All they do is cause more and more problems, more regulations, more laws, take money here, spend it somewhere else, our whole sytem of government is retarted
What would be best for the Australian people ? less regulation, less laws, less probition
The federal law books should all be burnt and replaced by a few simple rules concerning personal rights and libertys, for that is the only thing government should be protecting
Apart from that all laws should be decided from a local level, this promotes freedom and competition between the states as one can move to the state with laws that best represent the indivituals ideals
The prosperity of a nation comes from the freedom of the people, prosperity is not a result of government controls, the more free the people are, the more prosperous the country becomes
Just imagine for a minute if federal income tax was abolished along with most of the usless leeching bureaucratic bodys that come with it along with the tax department, The only purpose of the federal government was to act as a rep for our country, uphold a few simple rules written in the constitution and provide only limited administrative and control functions to essential bodys of the Australian national goverment including intelligence, defense and relations.
Taxes would be collected through local levels of government and the federal government would recieve a minimal percentage of what is collected at a local level
A system like this would be so much more efficient reducing government leeching jobs and bureaucracies, while increasing production and prosparity because of the increased freedom and reduced entanglement
If your local government passes laws the local people dont like or has taxes to high, they get voted out at the next local ellection or they move to another place with better laws.
A system like this would certainly work but would never happen because everyone is brainwashed that they need millions of central government agency's, laws and politicians to be able to live but this is not true ! People can look after themselves !
How must wasted money would be saved if we didnt have all these thousands of federal servents, usless bodies like the tax department, how many billions of dollars would the people still have if we didn't have a war on drugs ? how much would fuel cost ? $1 a litre
There is a little bit more involved then meets the eye.
First of all you obviously need to get council permision and I have heard that neighbours can object to this (im not sure though) then there is multiple fee's and charges you will be slogged with, Sweage, power.. I also think u need to have the block surveyed..then if you do get it subdivided and you can't sell it your paying 2x rates
A family member was going to buy a house on a large block and subdivide but backed out after subdivision costs where going to come to over $40 000
If your interested in doing this, I would first go see the council and find out how much $$ they want out of it
Why ? the answer is simple, They do not want to be know, they hide there identity. History has show that when people knew what was going on they where thrown out of power.
The usa was founded on the principles of keeping the central bank out of power, they came to be and have been throw out of America more then once before, you can research these times yourself. When the Elite Bankers where exposed for what they where doing in the past they said they would cause a huge depression if the people tried to stop them, They didn't lie, Many depressions have been caused.
But if huge ecconomic unstability where caused every 10 or 20 years people would start looking for real answers, the 1929 crash that was caused by these bankers is long forgotten, but if it dosent come very often it is just publicly accepted as the "business cycle"
I suggest people research the great depression, the mainstream view is that everyone suffered equally, but this is totally false, the truth is that the Social Elite's wealth increased enormously, Like I said in the previous post, wealth is not destroyed, only transferred, The banks called in all there loans, they contracted the money supply by over 50% and what happened when the stock market crashed ? The rich bankers bought all those worthless stocks of everybody.. Morgan, Rockerfella, Rothwells….. theses are the familys who own your local bank, your country's central bank, the oil companys and are the same people who stop Alternitave energy sources and technology
I like to call the business cycle farming because thats what it is to a select few, what people need to do is research for themselves why markets rise and fall, booms and busts… Is it just part of life or is it all artifically created by the powers that be ? The professionals will all tell you that it all comes down to Supply and Demand, but is it really that simple ?
As this is a site dedicated to Investment and Money in general I'm going to try and explain some simple facts about our monetary system, the facts that are distorted to make you think otherwise
First of all where does money come from, who owns it and who decides at what charge this money is lent out at ?
Originally the monopoly started in 1911 when the Australian government passed legislation allowing the central bank to come in and start there plan, at this point there powers where not as substantial, though thoughout the 19th century they have subsequently increased, there role has been to facilitate "central banking functions" So what are these functions that they have ?
The functions that the Federal Reserve bank carry out are the complete control of monetary and banking policy, They control the intrest rates of Australia and the expansion of the money supply, Unknowingly to most Australian's, although the purposeful deceit in it's very name the Federal Reserve Bank of Australia is neither Federal or has any Reserves, The Federal Reserve is a private entity controled by the Elite Banksters of the world, further more the Australian Government has no control over this organisation or any policy's they may pursue.
So where does this Central get its money from and what do they do with it ?
They don't get it from anywhere, they magically create wealth out of this air, If you or I where to create money we would be jailed, they and they only have the sole right of the issue of Australian money, you could almost say the Central bank owns all Australian money, Not the Government. The RBA issues money and then lends it to the Australian Government as a loan to build roads and bridges, which the Australian people pay for through there Income Tax. Thats right, have you ever wondered how the government gets into debt and where the money comes from ? The privately owned business who owns all those plastic peices in your wallet you work so hard for. I challenge one clinically sane person to tell me how a Central bank is in the Interests of the Australian people ?
Would you play a game of monoply where the Banker gets to make all the rules and prints as much money as he wants ? who would win ? Why are we playing this game every day of our lifes ?
Now if you want to understand the business cycle and how the market works imagine this theoretical game of monopoly.
The banker decides interest rates shall be 3%, debt is easily obtained and people start the mass purchase of property, there wealth vastly increases and they loan again to purchase even more property, the artifically caused cycle manifests and causes more investors and other speculators to enter the property market, this causes a spiralling effect causing more demand, increased prices and in general an increase of wealth for the common person.
The banker has observed his plan is working wonderfully, he starts increasing intrest rates slowly, he is making increased profits, he offers "Flexible" soultions where more money can be borrowed against "Equity"
Once everyone is taped into the debt machine the banker raises interest rates more and more untill they are unbearable, People work all week for there paycheck, 30% straight to the government, A certain percentage of this money will go straight back to the RBA. Then you spend the majority of what you have left on loan repayments, you are practically working for the bank, or the Elite Bankers whom own these huge monopoly corporations
So why would these Banksters put interest rates so high that people can't pay there repayments ?
All you have to do is look at the housing market in America today, There is a major depression in the property market, More houses are sold as bank reposessions then private sales. Remember, Wealth is not destroyed, only transfered. So basically you could say the cycle works like this,
1: Middle class work, purchase property, cars ect ect Slowly increasing there wealth, or the inflation of the bubble
2: Banksters reap in massive profits as bubble inflates, bubble bursts, mass repossesions, destruction of middle class wealth, Increase in Elites total wealth.
3: The business cycle starts again.Basically we are all living in a corrupt society and the majority are none the wiser, This post may even be deleted for reasons of special interest, Naturally I expect to get criticism from the more apparently "Educated" who will try and put bullet holes into my argument, Or I will just get the whole your a Conspiracy Theory Idiot, The fact is I probably already know what the main points of rebuttle will be put I simply did not address these points, Not because I can't but because these post could have become a book long, Its hard to put years of research into one post, I have simply tried to put the basic facts into a nutshell for the people who may wonder how and why things are how they are.
Not one person has anything to comment about this ?
Hi, I'm a plasterer by trade,
First of all, if the Iron is directly fitted to the Rafters then you will need to Install Ceiling battens before the gyprock sheets can go on. which is probably the case.
Also you will need to have cornice installed after the ceiling has been fixed and set.
A plasterer will do all of the above work (Except remove the Iron) you would probably find some builders that would do it but I would highly reccomend you not to do that (Even if they say they know what they are doing) Plastering is not one of those jobs that you can just do yourself. It takes a high level of skill that can only be attained by years of practice and learning from a master tradesman to produce a high quality job.
Do a little bit of research first before you pick a tradesman to do your work, as there is a vast amout of bad tradesmen out there, remember if you don't have to wait for them to do your job and they are cheap, then that is probably a bad indication.
If there is a speciality plaster shop in Ipswich eg: Boral, Lafarge (The place where tradesmen plasterers get there materials) you could probably go there and ask them who has a good reputation for qualty work in the area
Preferably I would wait untill the ceiling and cornice is completed before doing any painting, then follow by the timber floors.
You didn't indicate the size of the job and how many ceilings need to be done but a very rough estimate would be $2500+
Normal plaster rates are $8.00+ sq metre pluss extras on new homes, which would work out as $57.60 per 6m sheet of gyprock pluss GST (this covers setting compounds and labour but not the gyprock) About another $5 sq would need to be added for the price of supplying gyprock which would come to $13+ sq
Renovation type jobs usually attract higher and more random prices because of the fact the jobs are not straight foward compared to new house construction.
I hope this has helped.
While we are on the band wagon, Is it just me or is life like a hill with an ever increasing gradient ? The harder you try to clime it the steeper it gets.
I'm 21 now and have been working since I was 15 in the construction industry, I used to tell everyone when I was younger I would be successful and buy my own house before I was 20, but then I discovered the magnet of life.
Can someone explain how you are ever ment to pull yourself out of the system that most of us are put in ?
I'm a tradesman plasterer and Instead of wages going up each year they somehow seem to do the opposite, three years ago I could earn $1000 after tax which was quite good, now I earn $650 after tax. Not only that it seems every time you work so hard and long to save that $6-7k up in the bank BANG some kind of disaster hits, like your car blows up or you get sick and have to take a month off work or the fridges stops working…. Everytime you seem to be achieving something, something comes along and sweeps you right off your feet ! and your back at square one again. Now after working flat out for the past seven years in one trade it looks like I have to leave the construction industry all together as I lost my job because of the utter lack of housing being built.
Now im sure I will get the same response as everyone I talk to… "Now look, instead of paying $300 a week rent, buy your own house and it will make you RICH !"
How the hell are you able to buy a house and pay off $600 a week ? I don't care what anyone says, its just impossible.
Are there other people here who feel that we are born into a society of slavery ? a slavery to money ? All people do is work there ass off all there life to maybe one day own a few bricks on 600sq of dirt…
How are you ment to get out of this trap so many people get stuck in ?
And when the ecconomy is suffering from high interest rates, you can't just magically change the % number and fix everything, Thats not how things work, you have to print more money to lower interest rates and weaken the dollar which makes everything worse. Just look at U.S of A
Every Generation makes the same mistakes as the last, This is human nature.
Everything was fine and dandy back in 1928, nothing could go wrong, but in the following years the middle class was wiped out, along with everyones savings.
Though the difference today is the Ratio of debt is many times higher and loans are not for businesses (Good Debt, Self Paying) but for new HSV's Jet Ski's and High Definition TV's (Consumer Debt)
Along with all the the 107% Mortage loans, Honey Moon rates and other housing Trinkets there is another unforeseen undercurrent, Not only have houses doubled in the past few years but so has Credit Card debt and still people see a optimistic outlook.
:Interest Rates won't just rise a few more times this year and then be 4% again.
:Housing prices won't take a small dent and then continue to see 20% rises
:Growth will not continue to be unprecedented
:No matter how far you sweep debt under the carpet, It will not go away, the longer and greater it is allowed to grow the more dramatic the final consequenceYou can see the effects of debt build up over a long period of time in the US, They borrow 3 Billion Dollars a day to sustain there ecconomy. It won't be long before people realise they are not in a resession but a Depression, and will mark the end of the Dollar as the world currency and the collapse of the American Empire.
Hi, I have read quite a few book over the past year or two on investing/self help/inner power ect.
I have also been following the forums for over 6 months but have not made many posts as of yet, Im 20 years old and I have been working in the trade as a Plasterer for over four years now and currently earning 50k+Personally I think the trade is a good area to work in for a few reasons.
1: Demands for tradies are high so there is little unemployment and high wages
2: Because your not working in a shop/office hours are usually more flexible and there is generally more freedom (Many tradies don't work past 2-3pm and weekends are optional)
3: Your actually producing something and get to see the finished product.
4: Once you have learnt enough you can go out on your own Contracting where you have the potential to earn 150k+ a year, or you can choose (like a few people I know) to work only a few days a week and still pull in 50k.If any other young guys want to contact me they can talk to me through msn: [email protected]
There are companys now that are producing oil out of sand, yes that's right, Mining sand and turning it into oil.
There is a lot of sand on the planet..
