Comments on: You never know when rates will rise http://blogs.reuters.com/great-debate-uk/2009/10/08/you-never-know-when-rates-will-rise/ Wed, 16 Nov 2016 01:37:11 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Peter H http://blogs.reuters.com/great-debate-uk/2009/10/08/you-never-know-when-rates-will-rise/comment-page-1/#comment-7381 Mon, 12 Oct 2009 17:00:27 +0000 http://blogs.reuters.com/great-debate-uk/?p=3608#comment-7381 It’s even funnier how prior to joining the EU, in the wake of WW2, the colonial model was abandoned to make way for the current “globalization” model. Almost as funny as the way the Commonwealth countries received their marching orders to defend the “mother country” by decree following meaningless debate in parliament not even voted on to impale the enthusiastic youth in the war that was going to be over by Christmas brought about by the “leaders” of the “civilized” world.
My sincere hope is that democracies around the world remain strong and vigilant – yes even if it means decisions are slower coming – and don’t get steam-rollered into fake-democracies obeying the whims of invisible “lobby groups” and similar “power-brokers”, “consultants”, “focus groups”, and “think-tanks” etc., which for all we know have the same small group of people in them.

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By: Jamie http://blogs.reuters.com/great-debate-uk/2009/10/08/you-never-know-when-rates-will-rise/comment-page-1/#comment-7374 Mon, 12 Oct 2009 07:47:41 +0000 http://blogs.reuters.com/great-debate-uk/?p=3608#comment-7374 It’s funny how, when our masters wanted us to join the EU and give up those unfashionable ideas of Commonwealth, they sold us the idea that natural resources and space were unimportant in the modern age. What was needed, we were told, was more service industry. We would do this with our nearest neighbours who do not share our language or culture and indeed were at our throats a few generations ago. What a fallacy that was, to get closer to countries that face the same problems as us and turn our backs and put up tariffs against A, NZ, C, SA. Trade would be better between nations that complement the others’ strengths and weaknesses. Proximity was a red herring too – watch how all of our manufactured goods come around the world!

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By: Peter H http://blogs.reuters.com/great-debate-uk/2009/10/08/you-never-know-when-rates-will-rise/comment-page-1/#comment-7323 Sun, 11 Oct 2009 07:34:26 +0000 http://blogs.reuters.com/great-debate-uk/?p=3608#comment-7323 All this nonsense about debt, central banks, fiscal policy, inflation etc. etc., the solution it simple. It can all be solved if we take an age old method which made our ancestors great and recycle it… all we need to do is colonize Australia.

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By: widget http://blogs.reuters.com/great-debate-uk/2009/10/08/you-never-know-when-rates-will-rise/comment-page-1/#comment-7307 Fri, 09 Oct 2009 21:16:38 +0000 http://blogs.reuters.com/great-debate-uk/?p=3608#comment-7307 The banks in Australia have been ignoring the RBA anyway and setting their own interest rates, so perhaps the RBA thought they should try to stay relevant and raise rates so that it appears they have not lost control of setting interest rates in Australia

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By: Benny Acosta http://blogs.reuters.com/great-debate-uk/2009/10/08/you-never-know-when-rates-will-rise/comment-page-1/#comment-7300 Fri, 09 Oct 2009 16:36:36 +0000 http://blogs.reuters.com/great-debate-uk/?p=3608#comment-7300 Profit and interest are the very reasons things will take so long to correct. And in fact they will never actually correct at all.When profit and interest are eliminated from the equation, the debt problem is much more easily handled.

Unfortunately we still operate under immature, childish motivations. Like children that will only say please and thank you if they get praise or a treat of some kind, we “adult” human beings only do “good deeds” if there is profit to be made.

We need to let go of profit and interest as motivators in our economy. We need to adopt a more mature and refined motivator. We must grow up and begin doing our work simply for the purpose of solving real problems.

Money is a tool. That’s it. Nothing more. Its function is to facilitate the exchange of resources (work). And the reason a human being works, is to solve problems that need to be solved. A true human being works to refine their skill and to achieve excellence that can be passed on to the next generation.

This issue isn’t being dealt with by human beings as much as it’s being handled by reasoning animals. There is a difference.

The human being wants the solution that ends the suffering of the person. The “system” is a secondary consideration. The reasoning animal wants to preserve the system regardless of the consequence to the person. Because as long as the system holds precedence over the person, then the person can be controlled.

And in fact we are controlled by money. We need money in order to qualify to be treated as human beings. If you are poor you do not have equal justice under the law. You do not have access to education. Trade schools yes. Real education, not so much. You have little access if any, to medical care. You have limited access if any, to adequate housing.

This article points to the difficulties faced by world economies during this economic crisis. But the only reason we have a crisis at all is because profit and interest must be collected on all debt repayment. If not for the profit and interest there would be no crisis. The system could simply be “reset” in a manner of speaking.

But money lending is a business. And “business” is about “making money”. Never mind that our government already makes our money for us. Now we have to make our money “grow”. What rubbish. Money is not alive. It’s like a hammer or a screw driver. It helps you do stuff. There should be no interest payed on loaned money.

If you lend me a hammer, would you expect me to return two? Then if a bank lends you a dollar why would you pay back more than that?

It’s ridiculous. If life is sacred then that means that YOU ARE SACRED. You are life, given mind. You are worth far more than any amount of money. So why do you allow yourself to be controlled by it? You are of divine nature. Money is lifeless matter and utilitarian idea. Both are subject to the divine. So why do you make it your master?

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