Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 6
  • 13
Total global debt tops 325% of GDP as government debt jumps: IIF
Topic Started: 5 Jan 2017, 09:30 AM (4,583 Views)
Terry
Member Avatar


Rufus
5 Jan 2017, 06:00 PM
That's a very poor argument Terry.
Have another shot at it. We won't count this one.
It's not my argument. It's a pure reflection of your dogma, which has no meaning. It's exactly the same as saying:

Y = 0.425X + 0.785

is the same as

Y = 0.86525X + 0.398

Of course they're not.
Profile "REPLY WITH QUOTE" Go to top
 
Rufus
Member Avatar


b_b
5 Jan 2017, 06:12 PM
I wouldn’t bother with Terry, Rufus.

It’s pretty clear to me “Terry” is a bull sock. Probably Shadow / K.
No-one is that stupid. No-one can consistently lose every single debate every time. Such a person would not be capable of operating computer.

I put “Terry” on ignore about a year ago hoping this sock disappears. It’s a shame really, since there are some smart Bears on this forum. But Terry’s existence makes them all look stupid (brings down the average). Sometimes they even take his side – all the while the Bulls are just laughing at them

Don’t give him any oxygen. Let it die.
No he's not a sock, I've known him for years.
I know, hard to believe anyone can be that dumb, but it's a wide world.
Take risks - if you win you will become wealthy, if you lose you will become wise
Profile "REPLY WITH QUOTE" Go to top
 
b_b
Default APF Avatar


Tommy
5 Jan 2017, 06:06 PM
Ok makes sense in regards to the bank making the loan out of thin air then being backed up the central bank. Same thing I guess only created front to back instead. Your other point in regards to infinite debt doesn't make sense to me as the wages and all forms of currency in the system originated in the form of a loan? Yes? With interest yes? The only currency (money created without interest) that I know of is the Japanese yen and it's very experimental. I think the Japanese have created the highest debt to gdp ratio in the world?
Try not to confuse interest as different to any other type of loan.

Interest payable is simply another (mini) loan, with an equal credit on the other side (interest income, bank wages & profit).

As per my example, it is possible for transactions to occur while overall debt reduces. Not saying its common - but it is possible.
Edited by b_b, 5 Jan 2017, 06:21 PM.
(S – I) + (T - G) + (M - X) = 0
Profile "REPLY WITH QUOTE" Go to top
 
Simon_S
Member Avatar


Rufus
5 Jan 2017, 04:58 PM
A couple of points -

1. It's private banks who create most of the money in the system, not reserve banks.

2. Don't listen to anything Simon says, he has no idea.

EDIT - I shouldn't be so harsh on Simon - we would all love to hear him explain how money is created in the banking system - over to you Simon - strut your stuff.
LOL.......We have beeen through this too many times and Rufus suffers from amnesia

Lets cut straight to the Chase then:

Please tell me how magically all this money creation will prevent the Next GFC......

And How DEBT does not matter.......


Profile "REPLY WITH QUOTE" Go to top
 
Rastus2
Member Avatar


Rufus
5 Jan 2017, 09:44 AM
Your point is the world has a lot of debt. Well who does the world owe that money to?
Seems like a fair question. Why can't you answer it.
everyone knows that debt is a figment of bears imagination... it is not real, so we should ignore it... until someone wakes us bulls up and asks us to explain how we are going to pay for it.

Until then... PaRtY On !!
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
Profile "REPLY WITH QUOTE" Go to top
 
Rufus
Member Avatar


Simon_S
5 Jan 2017, 06:20 PM
LOL.......We have beeen through this too many times and Rufus suffers from amnesia

Lets cut straight to the Chase then:

Please tell me how magically all this money creation will prevent the Next GFC......

And How DEBT does not matter.......

You on the other hand could be a bull sock. You make Terry look like a Rhodes Scholar.
Take risks - if you win you will become wealthy, if you lose you will become wise
Profile "REPLY WITH QUOTE" Go to top
 
Simon_S
Member Avatar


Rufus
5 Jan 2017, 06:27 PM
You on the other hand could be a bull sock. You make Terry look like a Rhodes Scholar.
Great so it wont prevent the next GFC and Debt matters....

Thanks for that.

Did I rob you of the Chance to feel intelligent..........

Profile "REPLY WITH QUOTE" Go to top
 
Trollie
Member Avatar


Simon_S
5 Jan 2017, 04:12 PM
Thank you for confirming that.......
Yes I confirmed you're an idiot.
Simon_S
5 Jan 2017, 06:31 PM
Did I rob you of the Chance to feel intelligent..........
You could probably roll a potato, but a piece of broccoli would be too much for you to handle.
Rastus2
5 Jan 2017, 06:25 PM
everyone knows that debt is a figment of bears imagination... it is not real, so we should ignore it... until someone wakes us bulls up and asks us to explain how we are going to pay for it.

Until then... PaRtY On !!
And yet here you are, with house prices still rising and no crash in sight.

Doesn't this trigger the slightest bit of doubt in you that maybe you haven't got it right?
Edited by Trollie, 5 Jan 2017, 06:36 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Tommy
Default APF Avatar


b_b
5 Jan 2017, 06:15 PM
Try not to confuse interest with any other type of loan.

Interest payable is simply another (mini) loan, with an equal credit on the other side (interest income, bank wages & profit).

As per my example, it is possible for transactions to occur while overall debt reduces. Not saying its common - but it is possible.
All money in existence was created with interest attached. Wages. Profit. what ever way you want to play it. When gdp grows that's only possible with more money in the system- so more loans and more debt and more debt with interest attached and the only way to pay this back is if the economy grows so you need to create more money and on we go. So what happens when people stop borrowing or even just slightly decline the system crumbles. This happened in 08 and the only way to stop it was to create more debt made possible with practically no interest. So people have taken on unimaginable amounts of debt. What do you think when people lose their appetite for more debt.
b_b
5 Jan 2017, 06:15 PM
Try not to confuse interest with any other type of loan.

Interest payable is simply another (mini) loan, with an equal credit on the other side (interest income, bank wages & profit).

As per my example, it is possible for transactions to occur while overall debt reduces. Not saying its common - but it is possible.
All money in existence was created with interest attached. Wages. Profit. what ever way you want to play it. When gdp grows that's only possible with more money in the system- so more loans and more debt and more debt with interest attached and the only way to pay this back is if the economy grows so you need to create more money and on we go. So what happens when people stop borrowing or even just slightly decline the system crumbles. This happened in 08 and the only way to stop it was to create more debt made possible with practically no interest. So people have taken on unimaginable amounts of debt. What do you think when people lose their appetite for more debt.
Edited by Tommy, 5 Jan 2017, 06:39 PM.
Profile "REPLY WITH QUOTE" Go to top
 
b_b
Default APF Avatar


Tommy
5 Jan 2017, 06:38 PM
All money in existence was created with interest attached. Wages. Profit. what ever way you want to play it. When gdp grows that's only possible with more money in the system- so more loans and more debt and more debt with interest attached and the only way to pay this back is if the economy grows so you need to create more money and on we go. So what happens when people stop borrowing or even just slightly decline the system crumbles. This happened in 08 and the only way to stop it was to create more debt made possible with practically no interest. So people have taken on unimaginable amounts of debt. What do you think when people lose their appetite for more debt.

All money in existence was created with interest attached. Wages. Profit. what ever way you want to play it. When gdp grows that's only possible with more money in the system- so more loans and more debt and more debt with interest attached and the only way to pay this back is if the economy grows so you need to create more money and on we go. So what happens when people stop borrowing or even just slightly decline the system crumbles. This happened in 08 and the only way to stop it was to create more debt made possible with practically no interest. So people have taken on unimaginable amounts of debt. What do you think when people lose their appetite for more debt.
As discussed above, it is possible for GDP to grow without ever increasing debt. It can also happen if a country runs a current account surplus.

However, for practice purposes that rarely happens in a country like Australia - foreigners like to save in $A forcing us to run a CAD.

Fortunately it is possible for the nom government sector to de-gear while still growing GDP. It simply requires the government to run a deficit (see my chart on Japan earlier in this thread as an example). And for a country with its its own non convertible currency (is Australia / Japan etc) the government is never financially constrained. US households have de-geared significantly since 2008, all the while GDP grew.
Rastus2
5 Jan 2017, 06:25 PM
everyone knows that debt is a figment of bears imagination... it is not real, so we should ignore it... until someone wakes us bulls up and asks us to explain how we are going to pay for it.

Until then... PaRtY On !!
The debt is real. So are the deposits on the other side. Yet no one ever seem to post that deposit to GDP ratio is at an all time high. I wonder why?
Edited by b_b, 5 Jan 2017, 07:21 PM.
(S – I) + (T - G) + (M - X) = 0
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Free Forums. Reliable service with over 8 years of experience.
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 6
  • 13



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy