Comments on: Fund Managers Seek More Control of Your Superannuation

By: michael francis

michael francis — Sat, 19 Dec 2009 05:24:55 +0000

There is an interesting story in Saturdays Age about how compulsory super is being used to prop up failing businesses including the banks. Each week the banks or their fund managers receive a billion dollars plus from Aussie workers and then use this money to buy shares that they print and then pay themselves hefty fees whilst at the same time using this artificial stimulas to drive up the share price. Super must be the biggest ponzi scheme in history.

By: cb

cb — Tue, 15 Dec 2009 23:39:51 +0000

A taste of things to come?
PF, if you have the time to follow this up, I would be interested to know whether you are still of the view that Rudd and Wong should be allowed to implement their program.

“THE amended emissions trading scheme put forward by the Government threatens to wipe off about 3 per cent of the value of Australia’s top 200 companies, according to research to be released today…

An analysis of the revised plan by carbon risk firm RepuTex and Arbor Partners, consultants to institutional investors, shows that indirect factors such as electricity and supply chain costs, will make up 60 per cent of the total carbon liability of S&P/ASX 200 companies.

That would add $3.1 billion to the $2.1 billion in direct costs companies face through trading permits.

And then there are the fines the United Nations will impose on us – fines some countries already face under the Kyoto Protocol:

Because of breaches of its emissions target under the Kyoto Protocol, Canada owes about $1 billion… ”

http://blogs.news.com.au/heraldsun/andrewbolt/

By: cb

cb — Tue, 15 Dec 2009 22:38:36 +0000

PF – you might be reading that wrong. Saying that it would be good if someone could create the same illustration to give us the real picture of where we are at is not the same thing as wishing that we were in the same place as the illustration being referred to illustrates. Sorry, that came out as a mouthful, but if you see the difference, Nick meant to say the former, whereas you interpreted him to be saying the latter.

Incidentally, on climate change, there are signs of sanity returning to the mainstreet media. Finally. This is where things are at:
http://www.dailyexpress.co.uk/posts/view/146138

By: Peter Fraser

Peter Fraser — Tue, 15 Dec 2009 12:39:42 +0000

Nick – in your previous post you said you wanted something similar for Australia and then you posted a map of the growing unemployment in the USA which is now officially around 11%

Do you read your own posts?

Medical game – what are you a phrenologist.

By: Nick

Nick — Tue, 15 Dec 2009 11:58:12 +0000

11% out of work? Where did I claim that Peter?
I’m in the medical game Peter. I know what I am talking about. Just like the global warming “thing”, there are many very qualified people who have seen the evidence but no one wants to listed to their research. So once again, lets just go with the “populist” theory and dismiss these guys as nut cases. I’m glad it gives you a laugh. I guess the hole in the ozone layer hasn’t been plugged up yet.

By: Peter Fraser

Peter Fraser — Tue, 15 Dec 2009 06:11:08 +0000

Nick – you would like to put 11% of the workforce out of work?

Why? What purpose would that serve?

Why do you want to punish people?

Is that the same logic you used when you stated that sun cancer is not caused by the sun?

I thought that was your best yet.

By: Nick

Nick — Tue, 15 Dec 2009 02:52:27 +0000

I would like to see something similar for Australia…if there is any honest institution out there with some guts!

http://www.youtube.com/watch?v=RrP9qJmjIsA&feature=player_embedded

By: etch

etch — Mon, 14 Dec 2009 23:32:23 +0000

why they left it so late to fix things ????,,problems should have been addressed 10 -15 years ago

By: etch

etch — Mon, 14 Dec 2009 23:30:36 +0000

“”"”To my mind, these graps say it all. Our politicians and their masters and minions are selling us the biggest pup in human history. “”"”"

WOLF WOOF

By: cb

cb — Mon, 14 Dec 2009 23:26:32 +0000

This set of charts, based on historical ice core data puts in proper perspective the Earth’s climate history and the current, extended warm period we are experiencing.
http://www.youtube.com/watch?v=DFbUVBYIPlI&feature=player_embedded

To my mind, these graps say it all. Our politicians and their masters and minions are selling us the biggest pup in human history.