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good post there. a few glossed over bits, ala kiyosaki, but the 401k / Superannuation is definitely a Ponzi scheme - and it's great to see it mentioned in regular media.

the only difference between what i said previously and what you just saw was a quote showing china's export market.....:rolleyes:

you may have missed this. i was halfway thru a conversation about China's products NOT RELYING on the US solely, and how it's a joke that people assume because the US may falter that China will because demand for their exports will drop. well, you just proved my point further by adding Korea...

then why post up doublespeak babble bullsh*t that contradicts both itself and your point? you say you can't handle tangible argument without numbers - the numbers you posted were all pointing 6 ways from Sunday - so, what....? ANY numbers will do? it just needs numbers to be a constructive...

see blue bold fundamentals don't always need numbers - sometimes just good logic is all that's needed to see the blaringly bluddy obvious. you seem to have missed to LOGIC in the first paragraph you quoted. China's imports have jumped - MAY be to 30% - which means DOMESTIC MANUFACTURING has...

i reckon they're about 50/50 at present. the US will spend money they don't have and play with one and zeros on their system to prop it all up. lets not forget private individuals are still illegally taxed over there as wll, so there's a huge income source.

i love this argument - it all rolls back to the US somehow...gotta love brain dead economists who can't do currency conversions. i'm going to set the record straight right here. the US buy Chinese goods. Japan buy Chinese goods. Taiwan IS Chinese goods. New Zealand buy Chinese goods. Australia...

i wish they'd just call it a contraction in the economy - "negative growth" is an oxymoron and blackwhite doublespeak. there isn't any GDP because if there is none, being less than zero, it's in deficit, so it SHOULD be Gross Domestic Deficit.

mate your post headlines/titles reek of nonrecourse - but you actually make sense. i agree with banks being caught on the back foot and have so much cash tied up that they missed the boat with the last rally. i too feel that the XAO will be sold down artificially so larger institutions can get...