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Divest asset and pay off the debt is the key factor of the credit crunch and it is the worst and scary outcome because that will cause deflation and destruction of money. Because of Fractional lending every time you make a loan banks create money, every time you pay off the debt you destroy...

That is a good point, what is the action after all this talking and winging? Personally I have very few holding in Australia as most of my holding is in the Euro (government bond) I have no intention for the foreseeble future to invest or hold any savings in Australia. I would like the...

Thats fair enough, it is perfectly ok for normal investor to not know about bubbles, for example who could guess that commodity price would drop 40% in 3 months? what is not ok and not acceptable is that those people in charge of the country monetary system and economy are not aware of it or for...

yes, but I didn't mean that, I wasn't very clear (as usual lately :o) I did mean that not many investor from other countrys had much money invested in Japan as all their bubble was involving the Japanese.

I am not that keen to compare Japan trouble with what is happening now. The main difference I can see is that the Japanese one was more simple and was involving Japan and Japanese with their assets (houses and shares), no other countries could be much effected as not many investor had that much...

the nearly 0% interest is one of the possible scenario, in my opinion not the most likely for Australia, even for US is quite unluckily and I believe the central banks and government will manage to inflate everything very soon. By the way, base money in Us went up 20% or 150 bil in the last...