Melissa Aussie admits bubble. Aussie Fed Keeps Ponzi Going

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   bgamallposted 13 years ago

   This should be an eye opener to anyone living in Australia: http://www.theaustralian.com.au/busines … 5958005881

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      WryLiltposted 13 years agoin reply to this

      Why are you so obsessed with the Australian real estate market?

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         bgamallposted 13 years agoin reply to this

         I wrote an article on it here because a Rothschild bank, ING, was going to try to keep the bubble going by means of an absurd perpetual loan: <link snipped, no self-promoting links>
         
         This ties in to the whole misbehavior by the very biggest banksters in their zeal to steal and pillage from mainstreet everywhere. They have their eye on Australia, where they are offering weird loans just like in the US before the crash. This is the problem, a hiccup in China will crash the Aussie market and it will be a deep and profound crash. It has overheated even beyond what happened in the USA. Here is a nation where land should not be an issue yet the government is forbidding the selling of land to alleviate the bubble. This is a criminal government working in conjunction with banksters who do not care about mainstreet Australia.

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            Marisa Wrightposted 13 years agoin reply to this

            BG, as the article states, the perpetual loan is a well-established loan in other parts of the world - but there's no sign of it being offered in Australia at this point, even if ING is muttering about it.
            
            
            
            The Australian banking system is quite tightly regulated and there has been no significant change in the types of loans offered for the last ten or fifteen years.  Give me some examples of "weird loans" and I'll be happy to research the real facts for you!

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      Marisa Wrightposted 13 years agoin reply to this

      The names Marisa not Melissa, bg, and I don't see anything in that article that I don't know already.

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         bgamallposted 13 years agoin reply to this

         I know that, and sorry Marisa. It was late when I posted that.
         
         But that article is pretty recent and shows that you have an empty continent with a manufactured shortage of land. Something to think about.

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            Marisa Wrightposted 13 years agoin reply to this

            BG, it's not as simple as that.
            
            Yes, we have an "empty continent", but people don't want to live anywhere but the coast.  Our inland cities and towns are under-populated because no one wants to live there - some councils are selling blocks of land for $1 to attract new residents! 
            
            On the coast, there's a constant demand for more land but it's not that simple.   Most of Australia's land is not very fertile and only suitable for cattle and sheep.  On the coast, where everyone wants to live, is also where our fertile farmlands are.  Developers have been steadily buying farmland and building homes on it - market gardens I remember from 20 years ago have disappeared.  The land on the outskirts of Sydney used to be the nation's food bowl and now it's housing developments! 
            
            If you want to talk about conspiracy theories and disaster scenarios, I'm much more worried about the risk that the government will hand over even more farmland to developers and the mining companies, and we'll end up in a situation where we have to import all our food - and how vulnerable would we be then?

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   Kangaroo_Jaseposted 13 years ago

   bgamall, your title makes no sense.
   
   Whats a 'Melissa Aussie' & what Ponzi scheme are you referring to thats being run by an independent Federal bank? I see neither having any reference to the news article in your OP.

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      bgamallposted 13 years agoin reply to this

      Melissa is an Aussie. We have discussed the issue before more than once. The ponzi is a land shortage in a nation that is virtually empty.

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         WryLiltposted 13 years agoin reply to this

         Do you mean Marisa?

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            bgamallposted 13 years agoin reply to this

            Lol, of course. Don't get old child.

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   psycheskinnerposted 13 years ago

   ..but also mostly uninhabitable.

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   psycheskinnerposted 13 years ago

   Indeed, as I mentioned above.  Australia is effectively uninhabitable in the middle.  Unless you consider the lack of urban development in the Sahara is also manufactured by the banks.... There actually is a relative lack of land which is inhabitable and could be provided with immenities (e.g. water) at a reasonable cost.

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      bgamallposted 13 years agoin reply to this

      Just remember, you have the population less than of California in a land as large as the entire United States.

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         WryLiltposted 13 years agoin reply to this

         ...And most of that is desert. 44% in fact.
         
         Maybe you should stop worrying about our country which narrowly avoided the recession and worry about your own which obviously hasn't.

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         psycheskinnerposted 13 years agoin reply to this

         It's. A. Desert. Continent.
         
         You. Can't. Make. Desert. Into. Residential. Suburbs.
         
         .

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            bgamallposted 13 years agoin reply to this

            Oh, you mean you can't have 2 million people living in Las Vegas? Are you kidding me?

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               WryLiltposted 13 years agoin reply to this

               They get 88% of their water from Lake Mead. That cost millions and millions of dollars to build - and since we have a lower population than California, as you so nicely informed us, we don't have enough taxes to build huge lakes where ever we wish.

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                  Marisa Wrightposted 13 years agoin reply to this

                  Plus the small fact that building a lake isn't enough - you need to have water to fill it.  We have enough trouble getting enough rainfall to fill our existing lakes and rivers, let alone artificial ones.
                  
                  I remember when I visited Las Vegas several years ago, the Bellagio fountains were still flowing but the ordinary population were suffering severe water restrictions.  Looks like it's still a problem too.
                  
                  http://www.bloomberg.com/apps/news?pid= … b86mnWn9.w

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                     bgamallposted 13 years agoin reply to this

                     Maybe so Marissa, but Aussie is a wealthy country. It should be very easy to desalinate. From this article I don't see Australia trying to limit population.
                     
                     http://www.abc.net.au/news/stories/2010 … 865692.htm
                     
                     So the plan is to let the population grow, limit land use, and not gain new water resources?
                     
                     Sounds like the plans of madmen.

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                        Marisa Wrightposted 13 years agoin reply to this

                        We have a couple of desalination plants but in case you haven't noticed, they only work near salt water - i.e. on the coast, where the large cities are already. Desal plants are no help inland!
                        
                        
                        
                        There's a LOT of controversy right now about how big Australia should be allowed to grow.  Sure, we have a lot of land but as I said before, the main problem is we have very little fertile land.  So there is a definite limit on the amount of food we can grow.

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                  bgamallposted 13 years agoin reply to this

                  Las Vegas is not in California.

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                     WryLiltposted 13 years agoin reply to this

                     And I never said it was. I was referring to the population.

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         darksideposted 13 years agoin reply to this

         Come on out here and discover for yourself just how much of this great southland is inhabitable.

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            Mark Knowlesposted 13 years agoin reply to this

            You should see how much of California is inhabitable. Same thing. Most of it is a desert.

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               Aficionadaposted 13 years agoin reply to this

               
               
               Most?  Mark, I believe you might want to check out a population density map.  "Some" or "much" would be more accurate.  "Most" is definitely an exaggeration.
               
               ETA:  Okay, in rereading your comment, I see that you are not saying that most of it is uninhabitable, but rather that most is a desert.  I'll check into that part too. 

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                  Mark Knowlesposted 13 years agoin reply to this

                  LOL My wife is from Colorado. Ask any Coloradan (not sure if that is the correct term) where their water gets diverted to.
                  
                  Glad you said something - if you are still looking for proofreading and/or editing work - drop me a line through my profile.

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                     Aficionadaposted 13 years agoin reply to this

                     
                     
                     
                     I realize my response sounded snippy, and I apologize for that.  The bristling came from the fact that many of my relatives live or have lived in California, both north and south.  Yes, diverted water is a big part of what makes some of the California desert regions habitable. 
                     
                     At the same time, when you look a map of world deserts, you can see that while there is a great deal of desert area in CA, it is still rather different from the deserts of North Africa, Asia, and Australia.  I don't know how to compare the pre-water-diversion desert to current conditions, unless I could find a historical map of deserts.  Maybe that's research for another day.
                     
                     Anyway, the point of the desert discussion was habitability, and that's where the population density map comes in - California is well-populated, even in the areas that are technically desert (thanks to Colorado ).
                     
                     Thanks for the note about proofreading work. I'm still trying to figure out how to communicate via my new HP-specific e-mail account that won't use my online pseudonym as I've asked it to. May I leave a comment on one of your Hubs and ask you to delete it? Or would you have an account from which you could send me an e-mail through my profile?  [The proofreading service is still getting off the ground, but I am definitely ready to start taking orders. Thanks!]

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                        Mark Knowlesposted 13 years agoin reply to this

                        Well, it is only different in that there is a ready supply of water available that can be shipped in. Dump millions of gallons of water into Australia or the Sahara every day and I am sure it could become inhabitable. Look at what Dubai has done:
                        
                        
                        
                        http://blog.luxuryproperty.com/tiger-wo … s-nursery/
                        Insane!!
                        
                        This, I feel, is our Next Big Problem. Canada will soon be forced into providing water to their cousins in the US - or else.
                        
                        Spain is already forced to buy water from France and as far away as Scotland.

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                           Aficionadaposted 13 years agoin reply to this

                           Maybe "Next Big Problem" = Current? Personally, I think a lot of our world problems stem from the desire to convert barely habitable lands into paradise.  Florida did a pretty good job, and I'm not sure about the consequences there.  But look at New Orleans.  And, good heavens, the whole Dubai thing is nauseating at best! IMO
                           
                           bgamall, sorry to have hijacked this thread. There are some interesting issues involved, but maybe I should take my USA and total-world discussions to another thread.  (I'm saying that theoretically, though, because I need to take a break for a bit this morning and attend to some other matters.)

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                              bgamallposted 13 years agoin reply to this

                              No problem. Apparently the most serious deficiencies are in the west of the continent from this official report: http://www.bom.gov.au/climate/drought/drought.shtml
                              
                              As far as the rest of the continent, there is no drought although reserves have dried up and there is massive water conservation: http://latimesblogs.latimes.com/greensp … y-usa.html
                              
                              As far as desalination is concerned, the water retrieved is expensive:  http://en.wikipedia.org/wiki/Water_crisis
                              
                              My issue with Australia however is that Melbourne is supposed to almost double in population, so obviously the issue is water, not land. The fact that the land is not being put into use just shows me that the house prices in Australia are controlled by the government's land cartel.
                              
                              And this control does not make the prices insulated to a bubble bursting. If that were so, the most densely populated city in the world, Tokyo, would not have been subject to a massive crash in real estate prices.

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                                 darksideposted 13 years agoin reply to this

                                 Did your source give a time frame as to when Melbourne is going to double in population?
                                 
                                 And have you heard of the Great Dividing Range?

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                                    bgamallposted 13 years agoin reply to this

                                    Hey Darkside, I thought that it was here: http://www.bom.gov.au/climate/drought/drought.shtml
                                    
                                    But I think I clicked on a link that brought me to the estimate for Melbourne growing. Of course that would be years in the making and I forgot what they said about the time frame. Sorry.
                                    
                                    All I know is that the range is a fairly long one with mountains that are not terribly high. It looks like Melbourne has a little area nearby where the range peters out. It is an important watershed.

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   Toby Hansenposted 13 years ago

   Just what we need... another American commenting on something that he has no idea about.
   
   Oh well... at least this one knows that Australia is not tucked away between France, Switzerland and Germany!

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      bgamallposted 13 years agoin reply to this

      Hey, I have friends who are from Australia. Give me a break. Again, it seems the nation is intent on population growth, limits on land use and lack of new water resources.
      
      They may as well be shaking a giant champaign bottle!

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      bgamallposted 13 years agoin reply to this

      And Toby I am proud of this. <link snipped, no self-promoting links>
      
      I like Australia, but know that their housing bubble will hurt a lot of people. I live where a housing bubble has really hurt the economy. I know how people have suffered!

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         Toby Hansenposted 13 years agoin reply to this

         1. Koalas are NOT @#%^*&$ bears!!!!
         2. Do not post self promotional links.

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            WryLiltposted 13 years agoin reply to this

            The hub also appears to be:
            
            => Written shamelessly in an attempt to rank for two keywords.
            =>Have little sound, factual knowledge of the country.
            =>Assume that Outback Steakhouse is a national icon. Mate, there are only six of them in the whole country.
            =>Think that Crocodile Dundee is reflective of our nation.
            
            Don't think you'd like what I'd write if you put that hub in the extreme hub makeover forum!

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               Toby Hansenposted 13 years agoin reply to this

               In almost four decades, I have travelled and lived in every State & Territory of Australia. I cannot say that I have ever heard of Outback Steakhouse. Certainly not a Victorian thing.

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                  WryLiltposted 13 years agoin reply to this

                  Yep, checked their site, appears they are only in NSW.

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                     Toby Hansenposted 13 years agoin reply to this

                     Aha! That explains it. Thanks WryLit

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               bgamallposted 13 years agoin reply to this

               Wrylilt, I am not interested in stuffing keywords. The hub was written in humor and is not a travel hub, which you  evidently missed, as I said that Outback was not an Aussie institution.
               
               Thanks for the analysis though. You missed the intent, then you based your analysis on missing the intent! Great.

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               logic,commonsenseposted 13 years agoin reply to this

               WL, you mean to say that Crocodile Dundee is not a national icon?  Dang, I thought all the cool Aussies were just like him!   Well, except for you, BP, earnest, salt and the rest of your countrymen that are on Hubpages!  Course I'm not so sure about earnest.  I think he may have an inner Dundee!

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                  bgamallposted 13 years agoin reply to this

                  I don't know who BP is, but evidently you mean me. I am not an Aussie, but actually I was trying to be quite clever, over the head of most.

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            bgamallposted 13 years agoin reply to this

            Toby, I have posted hubs on the forum before within the context of the discussion. They were not removed. I posted the link because you accused me of not knowing about Australia. I actually put together a flattering hub of Australia, and it was a humor hub, not a travel hub.
            
            I understand that Hubpages no longer allows links in context. That is unfortunate and I think a mistake. After all, you were the one who accused me of not knowing anything about Australia. One thing I have learned from your comments and others on this board is that some Aussies are very provincial. 
            
            BTW, Outback Steakhouse was started in the USA.

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               Toby Hansenposted 13 years agoin reply to this

               Very provincial?
               
               Hmm.
               
               What part of "'In almost four decades I have travelled and lived in every State and Territory" do you have trouble understanding?

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                  bgamallposted 13 years agoin reply to this

                  Then you should have understood my hub when I said that the Outback guys thought themselves experts on Australia having seen Crocodile Dundee! It was a joke!!!!!

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   Evan G Rogersposted 13 years ago

   All reserve banks reflect tyranny.
   
   Why is it that they can create money out of thin air, but if I do I go to jail?
   
   It's clearly nothing more than tyranny.

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