Yes, It was all Sarcastic,  and no, I wasn't attacking you… just in case you thought so
hahahah,  Didn't you know that I have a good sense of Humor    Im sick of people calling me Mr Doom of Gloom.

If anything my post was more of a funny then a serious attempt at Converting the Sheep

And yes, I do realize that the Rio Tinto Article was for raising equity,  Not a new bank loan,  as such… I thought you would just read the headline and not the whole article, lol,  Im impressed.

But I don't need a news article to tell me that the increased Business borrowing is to sustain business operations,  If businesses profits are plundering into the abyss and 50% of businesses are firing staff to cut costs so they can tread water,  Its obvious business are accessing credit to continue operation,  Its a no brainer really,  Sure..  Not EVERY business is going bankrupt and contracting,  But im positive that a large portion of businesses are suffering pain and are making up the shortfall with credit….  I know many many close examples in my own city… So why wouldn't it be the same everywhere else ?

Besides…  When is the expansion of debt a factor of good business fundamentals ???? im really confused…  People continue to link prosparity with credit and debt…. This couldnt be any further from the truth…

Who do you think Credits the world ?  China,  It is with China's MASSIVE production base and HUGEMUNGOUS Trade Surplus's that they can afford to lend us money so we can spend it on Plasma TV's and VE SS's

Government is the same as Pro Wrestling… WWF, WWE  or even Jerry Springer,  Its just show business and the puppets pretend to throw sticks at each other while continually pushing through the same adgenda through the generations…

I wouldn't vote for Pauline Hanson,  She isnt smart enough…. If there was a guy like Ron Paul in Australia, I would Register and vote for him…  But while I see puppets throwing mud at the opposing puppet I will stay Annomous

Yes, your right,  I doubt any Australian banks will falter,  Especially now that they are Government Guaranteed,  After all, If the government is involved its reliability is second to none.

Ohh… well except for the collapse of the State Bank of South Australia in 1992

http://en.wikipedia.org/wiki/State_Bank_of_South_Australia

Yes, Our economy is much that way,  The strength of our economy is based in the perception of its strength,  Not on its actual strength… But they are very good fundamentals none the less.

Our banks are paramount,  With strong institutions in Australia like Suncorp and other strong banks cutting there dividends by 25% like Westpack,  Its no wonder why everyone is fleeing to our money markets and making our dollar rally so much

Dam… Im going to loose all my money on the shorts I placed on Australian banks…. Oh wait, thats impossible… Shorting Banks In Australia is Banned atm 

Our Subprime was not as bad as it has been in the US, that's correct It was much much better our boom is nothing compared to theres,  We are so beating them its not funny

http://www.whocrashedtheeconomy.com/ausrealhomeprices.gif

Recession ? are you a economic terrorist ? There is no recession,  There never will be… not in Australia anyway..

http://www.abc.net.au/news/stories/2009/03/19/2520741.htm?section=business

"My point is, compared to many other economies, it is not as bad.  So why wouldn't weaker economies lend Australia money? "

How and why would a country with a weaker/worse economy then ours lend us money ?  huh ? Can two broke country's lend each other money to spend our way into prosparity ? I didn't know we could do that !! someone ring Krudd right now ! Its time to ring the zimbabwe central bank !

Not that us saving Australians need a loan anyway   http://www.debtdeflation.com/blogs/wp-content/uploads/2008/03/IMG0010_739046.PNG

"but did you know that business lending is also up?  What does that suggest?"

It suggests that our economy is heading into another boom as business struggle to keep afloat with sinking profits and thus have to borrow more money to survive
http://www.news.com.au/perthnow/story/0,,24975203-951,00.html

Government….ohh… I don't like either candidate,  None of them know anything about running the state or anything about the economy,  They are all working for the same people anyway.. Im not even registered to vote…

 I'll take the easy way out and explain that with a documentary. 
http://www.youtube.com/watch?v=eAaQNACwaLw

What will happen when Interest rates rise ?  The economy will implode and the bank's will own basically everything in the country

Maybe it would be better to know when they will rise…  Why don't you ring up the RBA and ask for a list of Shareholders so you can ring them up and ask them when they plan on raising interest rates in Australia ?

I hope that helps   hehehe

I have lived in hervey bay for ummmmm…. 19 years now…

Basically its a old age retirement city,  Hervey bay has huge unemployment problems and there is basically no jobs…

The few jobs that are available are the $300 a week jobs at Big W and Mc Donnalds. Basically the economy runs off a little bit of Tourism and the Building Industry which is going to S^%% right now,  I work in the Trade…

Struggling to find work all the time now,  It never used to be like this… Everyone else is basically in the same vote,  Prices are not increasing and in a lot of cases decreasing…

I remember working on Peppers Pier Resort,  They where trying to sell units from 500k up to over 1.2M or something like that…. Ive seen prices of them being discounted many hundreds of thousands in order to sell them… Considering it was the biggest and "best" resort ever in the Bay… Shows where things are headed…

Many builders are building half the houses they used to… in some cases less… There has been more then one builder go bankrupt here in the past year or so… and I know of many more in very tight positions… Even long established Quality builders who have worked here for over 20 years are feeling the pain and being forced to fire very high quality staff like Building Supervisors and Office workers.. ect…

There is still dozens of houses at all stages of completion at Toogoom where RPC went bust… no one wants to take over the houses to complete them…

Prices can't stay at there current levels for much longer when a good dose of reality and oversupply kicks in.

If you don't insult them on your first offer,  Then you offered to much.

In years to come,  People will be crying how they didn't take offers they got for -20% asking price….. When the bank is selling them up for 50% discount

I think he is talking about multiple bank failure or total failure of our current decimal banking system all together

I don't think the banks will forget peoples debts, lol

Only in a Mad Max scenario

Listen from 2:20 seconds

http://www.youtube.com/watch?v=INAGMSARPYw&feature=channel_page

Yes worldwide bank collapse is very possible,  Look at Iceland,  There whole country has collapsed.

Why do you think I always tell people to not have very much paper money ?

Silver has not being increasing in price because the market has been manipulated by the US Government, They have been dumping all there silver reserves on the market for decades (Billions of ounces)  You can check for yourself,  Compare silver deposits from 1945 and today,  Soon that shortfall will only result in one thing…. ^

I would not worry about the Global Warming Scam when considering if your farm land will be covered in sea one day, lol And carbon… The more the better ! More c02 = better plant growth,  Why do you think people with some hydroponic setups buy c02 canisters for there crops ?

Same with heat,  The hotter environments cause better crops !…..  Why do you think farmers plant in summer and not winter ??? rofl

It really is amazing how so many people even start to believe all this made up global warming, climate change crap… I still have not had 1 person give me a link to a scientific report that proves any of the made up theories…

And YES !,  Agriculture will have to boom in the future, Prices for agriculture are at -80% of there all time highs,  We already have food shortages NOW,  But we just have not seen the effects of it yet….  Wait until Asia starts consuming much more food with there shifting economy,  Wait until people from western country's are spending 50%+ of there wage on food

Our family has thousands of acres of farm land,  I think it would be a good investment to purchase agricultural productive land…and sliver too of course !  I think coins are better then the bars…. unless you have LOTS of money to put into silver… like hundreds of thousands…But I think for smaller investors 1 ounce coins are better,  They are small, nice looking,  are legal tender and can be easily traded unlike a 100 ounce bar, lol.  But if you where to buy the coins, Don't pay anymore then a few dollars extra an ounce then the trading price..  I have seen 1 ounce silver coins at the perth mint selling for $80+ that is just stupid.