Australian Politics Forum - AAA credit rating could go.

Bobby.

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Re: AAA credit rating could go.
Reply #30 - Mar 1^st, 2013 at 6:31pm

longweekend58 wrote on Mar 1^st, 2013 at 6:10pm:

Sir lastnail wrote on Mar 1^st, 2013 at 5:28pm:

Bobby. wrote on Mar 1^st, 2013 at 5:19pm:

longweekend58 wrote on Mar 1^st, 2013 at 4:00pm:

Bobby. wrote on Mar 1^st, 2013 at 2:21pm:

Sir lastnail wrote on Mar 1^st, 2013 at 12:17pm:

Bobby. wrote on Feb 28^th, 2013 at 9:17pm:

Nail,
Quote:

and what about the ability to service the debt with only 20 million people ? How many are actually in jobs which create real wealth and not just in some parasitic service industry such as a lawyer or report writer etc ?

Hear hear Nail,
And what is stopping us eventually becoming a 200% debt to GDP country
like Japan with an aging population?

We must stop living beyond our means.

It's funny how we value everything like we have paid it all off and own it all outright Grin

Hi Nail,
I don't think we really own anything - we're in such debt - & to who knows who?

not everybody is a broke loser like you.

Nail has more money than you Longloser - at least he hasn't got a house in hock to the bank.
Why don't you ask Nail for a loan? Grin

bugger him. let him lose his one and only house Grin

do you actually think that borrowing against a house for a new business is rare?? You know what? i think you actually do!!!!

Hi Longy,
for people who have no education & have to open
a pizza shop to make a business it's the only way -
but you have a BSc Grin

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longweekend58

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Re: AAA credit rating could go.
Reply #31 - Mar 1^st, 2013 at 6:35pm

Bobby. wrote on Mar 1^st, 2013 at 6:31pm:

longweekend58 wrote on Mar 1^st, 2013 at 6:10pm:

Sir lastnail wrote on Mar 1^st, 2013 at 5:28pm:

Bobby. wrote on Mar 1^st, 2013 at 5:19pm:

longweekend58 wrote on Mar 1^st, 2013 at 4:00pm:

Bobby. wrote on Mar 1^st, 2013 at 2:21pm:

Sir lastnail wrote on Mar 1^st, 2013 at 12:17pm:

Bobby. wrote on Feb 28^th, 2013 at 9:17pm:

Nail,
Quote:

and what about the ability to service the debt with only 20 million people ? How many are actually in jobs which create real wealth and not just in some parasitic service industry such as a lawyer or report writer etc ?

Hear hear Nail,
And what is stopping us eventually becoming a 200% debt to GDP country
like Japan with an aging population?

We must stop living beyond our means.

It's funny how we value everything like we have paid it all off and own it all outright Grin

Hi Nail,
I don't think we really own anything - we're in such debt - & to who knows who?

not everybody is a broke loser like you.

Nail has more money than you Longloser - at least he hasn't got a house in hock to the bank.
Why don't you ask Nail for a loan? Grin

bugger him. let him lose his one and only house Grin

do you actually think that borrowing against a house for a new business is rare?? You know what? i think you actually do!!!!

Hi Longy,
for people who have no education & have to open
a pizza shop to make a business it's the only way -
but you have a BSc Grin

and you have $300K sitting in the bank to start a business? of course not. almost EVERYBODY borrows to start a business. and if you want to borrow u need security and then enters the world of home ownership that renter-nail knows nothing about.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Sir lastnail

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Re: AAA credit rating could go.
Reply #32 - Mar 1^st, 2013 at 6:43pm

longweekend58 wrote on Mar 1^st, 2013 at 6:35pm:

Bobby. wrote on Mar 1^st, 2013 at 6:31pm:

longweekend58 wrote on Mar 1^st, 2013 at 6:10pm:

Sir lastnail wrote on Mar 1^st, 2013 at 5:28pm:

Bobby. wrote on Mar 1^st, 2013 at 5:19pm:

longweekend58 wrote on Mar 1^st, 2013 at 4:00pm:

Bobby. wrote on Mar 1^st, 2013 at 2:21pm:

Sir lastnail wrote on Mar 1^st, 2013 at 12:17pm:

Bobby. wrote on Feb 28^th, 2013 at 9:17pm:

Nail,
Quote:

and what about the ability to service the debt with only 20 million people ? How many are actually in jobs which create real wealth and not just in some parasitic service industry such as a lawyer or report writer etc ?

Hear hear Nail,
And what is stopping us eventually becoming a 200% debt to GDP country
like Japan with an aging population?

We must stop living beyond our means.

It's funny how we value everything like we have paid it all off and own it all outright Grin

Hi Nail,
I don't think we really own anything - we're in such debt - & to who knows who?

not everybody is a broke loser like you.

Nail has more money than you Longloser - at least he hasn't got a house in hock to the bank.
Why don't you ask Nail for a loan? Grin

bugger him. let him lose his one and only house Grin

do you actually think that borrowing against a house for a new business is rare?? You know what? i think you actually do!!!!

Hi Longy,
for people who have no education & have to open
a pizza shop to make a business it's the only way -
but you have a BSc Grin

and you have $300K sitting in the bank to start a business? of course not. almost EVERYBODY borrows to start a business. and if you want to borrow u need security and then enters the world of home ownership that renter-nail knows nothing about.

what only 300K !! Grin

that's only pocket money for me Grin

And you haven't heard of people running a business renting a premise ?? Of course you haven't because you have never run a business that made enough profit that exceeded the rent Grin

Anyway at least we know how much money you have sunk into your business. Looks like the bank will be looking over your shoulders all of a time having a bet each way Grin

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Bobby.

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Posts: 104680
Melbourne
Gender: male

Re: AAA credit rating could go.
Reply #33 - Mar 1^st, 2013 at 11:56pm

Sir lastnail wrote on Mar 1^st, 2013 at 6:43pm:

longweekend58 wrote on Mar 1^st, 2013 at 6:35pm:

Bobby. wrote on Mar 1^st, 2013 at 6:31pm:

longweekend58 wrote on Mar 1^st, 2013 at 6:10pm:

Sir lastnail wrote on Mar 1^st, 2013 at 5:28pm:

Bobby. wrote on Mar 1^st, 2013 at 5:19pm:

longweekend58 wrote on Mar 1^st, 2013 at 4:00pm:

Bobby. wrote on Mar 1^st, 2013 at 2:21pm:

Sir lastnail wrote on Mar 1^st, 2013 at 12:17pm:

Bobby. wrote on Feb 28^th, 2013 at 9:17pm:

Nail,
Quote:

and what about the ability to service the debt with only 20 million people ? How many are actually in jobs which create real wealth and not just in some parasitic service industry such as a lawyer or report writer etc ?

Hear hear Nail,
And what is stopping us eventually becoming a 200% debt to GDP country
like Japan with an aging population?

We must stop living beyond our means.

It's funny how we value everything like we have paid it all off and own it all outright Grin

Hi Nail,
I don't think we really own anything - we're in such debt - & to who knows who?

not everybody is a broke loser like you.

Nail has more money than you Longloser - at least he hasn't got a house in hock to the bank.
Why don't you ask Nail for a loan? Grin

bugger him. let him lose his one and only house Grin

do you actually think that borrowing against a house for a new business is rare?? You know what? i think you actually do!!!!

Hi Longy,
for people who have no education & have to open
a pizza shop to make a business it's the only way -
but you have a BSc Grin

and you have $300K sitting in the bank to start a business? of course not. almost EVERYBODY borrows to start a business. and if you want to borrow u need security and then enters the world of home ownership that renter-nail knows nothing about.

what only 300K !! Grin

that's only pocket money for me Grin

And you haven't heard of people running a business renting a premise ?? Of course you haven't because you have never run a business that made enough profit that exceeded the rent Grin

Anyway at least we know how much money you have sunk into your business. Looks like the bank will be looking over your shoulders all of a time having a bet each way Grin

Well said Nail,
Longweekend is not a businessman's bootlace.

He should be asking for your sound business advice but
instead he mocks you every step of the way.

he is forgiven

namaste

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longweekend58

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Re: AAA credit rating could go.
Reply #34 - Mar 2^nd, 2013 at 7:28am

Sir lastnail wrote on Mar 1^st, 2013 at 6:43pm:

longweekend58 wrote on Mar 1^st, 2013 at 6:35pm:

Bobby. wrote on Mar 1^st, 2013 at 6:31pm:

longweekend58 wrote on Mar 1^st, 2013 at 6:10pm:

Sir lastnail wrote on Mar 1^st, 2013 at 5:28pm:

Bobby. wrote on Mar 1^st, 2013 at 5:19pm:

longweekend58 wrote on Mar 1^st, 2013 at 4:00pm:

Bobby. wrote on Mar 1^st, 2013 at 2:21pm:

Sir lastnail wrote on Mar 1^st, 2013 at 12:17pm:

Bobby. wrote on Feb 28^th, 2013 at 9:17pm:

Nail,
Quote:

and what about the ability to service the debt with only 20 million people ? How many are actually in jobs which create real wealth and not just in some parasitic service industry such as a lawyer or report writer etc ?

Hear hear Nail,
And what is stopping us eventually becoming a 200% debt to GDP country
like Japan with an aging population?

We must stop living beyond our means.

It's funny how we value everything like we have paid it all off and own it all outright Grin

Hi Nail,
I don't think we really own anything - we're in such debt - & to who knows who?

not everybody is a broke loser like you.

Nail has more money than you Longloser - at least he hasn't got a house in hock to the bank.
Why don't you ask Nail for a loan? Grin

bugger him. let him lose his one and only house Grin

do you actually think that borrowing against a house for a new business is rare?? You know what? i think you actually do!!!!

Hi Longy,
for people who have no education & have to open
a pizza shop to make a business it's the only way -
but you have a BSc Grin

and you have $300K sitting in the bank to start a business? of course not. almost EVERYBODY borrows to start a business. and if you want to borrow u need security and then enters the world of home ownership that renter-nail knows nothing about.

what only 300K !! Grin

that's only pocket money for me Grin

And you haven't heard of people running a business renting a premise ?? Of course you haven't because you have never run a business that made enough profit that exceeded the rent Grin

Anyway at least we know how much money you have sunk into your business. Looks like the bank will be looking over your shoulders all of a time having a bet each way Grin

yeah sure liarnail. someone who complains about the price of fuel every other day as lives in a single rented room in shared accommodation has that much money??? not likely at all

you are just a loser who hates everyone and complains about everything.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Sir lastnail

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Posts: 30088
Gender: male

Re: AAA credit rating could go.
Reply #35 - Mar 2^nd, 2013 at 10:40am

longweekend58 wrote on Mar 2^nd, 2013 at 7:28am:

Sir lastnail wrote on Mar 1^st, 2013 at 6:43pm:

longweekend58 wrote on Mar 1^st, 2013 at 6:35pm:

Bobby. wrote on Mar 1^st, 2013 at 6:31pm:

longweekend58 wrote on Mar 1^st, 2013 at 6:10pm:

Sir lastnail wrote on Mar 1^st, 2013 at 5:28pm:

Bobby. wrote on Mar 1^st, 2013 at 5:19pm:

longweekend58 wrote on Mar 1^st, 2013 at 4:00pm:

Bobby. wrote on Mar 1^st, 2013 at 2:21pm:

Sir lastnail wrote on Mar 1^st, 2013 at 12:17pm:

Bobby. wrote on Feb 28^th, 2013 at 9:17pm:

Nail,
Quote:

and what about the ability to service the debt with only 20 million people ? How many are actually in jobs which create real wealth and not just in some parasitic service industry such as a lawyer or report writer etc ?

Hear hear Nail,
And what is stopping us eventually becoming a 200% debt to GDP country
like Japan with an aging population?

We must stop living beyond our means.

It's funny how we value everything like we have paid it all off and own it all outright Grin

Hi Nail,
I don't think we really own anything - we're in such debt - & to who knows who?

not everybody is a broke loser like you.

Nail has more money than you Longloser - at least he hasn't got a house in hock to the bank.
Why don't you ask Nail for a loan? Grin

bugger him. let him lose his one and only house Grin

do you actually think that borrowing against a house for a new business is rare?? You know what? i think you actually do!!!!

Hi Longy,
for people who have no education & have to open
a pizza shop to make a business it's the only way -
but you have a BSc Grin

and you have $300K sitting in the bank to start a business? of course not. almost EVERYBODY borrows to start a business. and if you want to borrow u need security and then enters the world of home ownership that renter-nail knows nothing about.

what only 300K !! Grin

that's only pocket money for me Grin

And you haven't heard of people running a business renting a premise ?? Of course you haven't because you have never run a business that made enough profit that exceeded the rent Grin

Anyway at least we know how much money you have sunk into your business. Looks like the bank will be looking over your shoulders all of a time having a bet each way Grin

yeah sure liarnail. someone who complains about the price of fuel every other day as lives in a single rented room in shared accommodation has that much money??? not likely at all

you are just a loser who hates everyone and complains about everything.

And look who is now sharing his house with a bank manager breathing down his neck Grin

Unlike you I'm in business to maximise profits and that means getting a good deal on everything whereas you are very generous in wanting everyone to give money away to scam artists. I can't see how you could ever run a profitable business Sad

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« Last Edit: Mar 2^nd, 2013 at 10:47am by Sir lastnail »

In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Bobby. Gold Member Offline Australian Politics Posts: 104680 Melbourne Gender:	Re: AAA credit rating could go. Reply #36 - Mar 2^nd, 2013 at 10:58am Hi Nail, I think it's people who were willing to borrow as much as the bank would lend them that has placed the whole country in a bad situation. I went for a more modest loan & a more modest residence & I'm glad now. I paid off my place 5 years ago & it feels good. Greed is not always good. cheers Bobby
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Sir lastnail

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Re: AAA credit rating could go.
Reply #37 - Mar 2^nd, 2013 at 11:06am

Bobby. wrote on Mar 2^nd, 2013 at 10:58am:

Hi Nail,
I think it's people who were willing to borrow as much as the bank would lend them
that has placed the whole country in a bad situation.

I went for a more modest loan & a more modest residence & I'm glad now.
I paid off my place 5 years ago & it feels good.

Greed is not always good.

cheers
Bobby

what's even worse is that labor egged them on with the tripled first home buyers grant which essentially inflated the bubble and added an extra 100-150K on to their bank loan. They were blinded by the 20K handout but forgot about the loan which they were going to have to pay off for the next 30-40 years Sad

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Bobby.

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Posts: 104680
Melbourne
Gender: male

Re: AAA credit rating could go.
Reply #38 - Mar 2^nd, 2013 at 12:02pm

Sir lastnail wrote on Mar 2^nd, 2013 at 11:06am:

Bobby. wrote on Mar 2^nd, 2013 at 10:58am:

Hi Nail,
I think it's people who were willing to borrow as much as the bank would lend them
that has placed the whole country in a bad situation.

I went for a more modest loan & a more modest residence & I'm glad now.
I paid off my place 5 years ago & it feels good.

Greed is not always good.

cheers
Bobby

what's even worse is that labor egged them on with the tripled first home buyers grant which essentially inflated the bubble and added an extra 100-150K on to their bank loan. They were blinded by the 20K handout but forgot about the loan which they were going to have to pay off for the next 30-40 years Sad

Hear hear Nail,
Yes - the Govts. inflated a property bubble & now we see the results -
850,000 people under mortgage stress.

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cods

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Australian Politics

Posts: 88048

Re: AAA credit rating could go.
Reply #39 - Mar 2^nd, 2013 at 1:36pm

Bobby. wrote on Feb 27^th, 2013 at 8:07pm:

Perceptions,
read it properly:

Quote:

there are similarities between Australia's relatively indebted banking system
and Spain's position before it began its rapid descent into its debt crisis.

funny hoe we read thing as we want them to read isnt it??..

the thing about our country and the likes of America and UK.. is we didnt have a huge debt to pay off 5 years ago.. the mining industry which everyone credits Costellos surplus on.. didnt suddenly disappear in fact it increased at least 3 fold.. probably more...

and yet here we are knee deep in debt which doesnt worry perc at all. in fact hes rather proud of it...we were promised not once but over and over again we would have a surplus.. instead we have more debt.. I just know that if everyone that is in debt.. balanced their budgets like the govt appears to do.... then yes we would be worse than Spain or Italy.. because its only taken us 5 bloody years to get to this stage.. these other countries including America have been up to their eyebrows in debt for donkeys years.

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cods

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Re: AAA credit rating could go.
Reply #40 - Mar 2^nd, 2013 at 1:41pm

Bobby. wrote on Mar 2^nd, 2013 at 12:02pm:

Sir lastnail wrote on Mar 2^nd, 2013 at 11:06am:

Bobby. wrote on Mar 2^nd, 2013 at 10:58am:

Hi Nail,
I think it's people who were willing to borrow as much as the bank would lend them
that has placed the whole country in a bad situation.

I went for a more modest loan & a more modest residence & I'm glad now.
I paid off my place 5 years ago & it feels good.

Greed is not always good.

cheers
Bobby

what's even worse is that labor egged them on with the tripled first home buyers grant which essentially inflated the bubble and added an extra 100-150K on to their bank loan. They were blinded by the 20K handout but forgot about the loan which they were going to have to pay off for the next 30-40 years Sad

Hear hear Nail,
Yes - the Govts. inflated a property bubble & now we see the results -
850,000 people under mortgage stress.

it was the keep the construction industry going another stimulus...and they were tricked if you like into buying brand new homes..something swanky that looks all well and good when you are shopping around.. but once you move in... and see the shonky work

and then realize its not only the mortgage you have to pay to live there.. there is insurance home and contents.. theres rates..theres water rates...all of which increase each year...

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Bobby.

Gold Member

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Australian Politics

Posts: 104680
Melbourne
Gender: male

Re: AAA credit rating could go.
Reply #41 - Mar 2^nd, 2013 at 2:04pm

cods wrote on Mar 2^nd, 2013 at 1:36pm:

Bobby. wrote on Feb 27^th, 2013 at 8:07pm:

Perceptions,
read it properly:

Quote:

there are similarities between Australia's relatively indebted banking system
and Spain's position before it began its rapid descent into its debt crisis.

funny hoe we read thing as we want them to read isnt it??..

the thing about our country and the likes of America and UK.. is we didnt have a huge debt to pay off 5 years ago.. the mining industry which everyone credits Costellos surplus on.. didnt suddenly disappear in fact it increased at least 3 fold.. probably more...

and yet here we are knee deep in debt which doesnt worry perc at all. in fact hes rather proud of it...we were promised not once but over and over again we would have a surplus.. instead we have more debt.. I just know that if everyone that is in debt.. balanced their budgets like the govt appears to do.... then yes we would be worse than Spain or Italy.. because its only taken us 5 bloody years to get to this stage.. these other countries including America have been up to their eyebrows in debt for donkeys years.

5 years to get to this stage & what about in 10 years time?

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Sir lastnail

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Posts: 30088
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Re: AAA credit rating could go.
Reply #42 - Mar 2^nd, 2013 at 2:19pm

cods wrote on Mar 2^nd, 2013 at 1:36pm:

Bobby. wrote on Feb 27^th, 2013 at 8:07pm:

Perceptions,
read it properly:

Quote:

there are similarities between Australia's relatively indebted banking system
and Spain's position before it began its rapid descent into its debt crisis.

funny hoe we read thing as we want them to read isnt it??..

the thing about our country and the likes of America and UK.. is we didnt have a huge debt to pay off 5 years ago.. the mining industry which everyone credits Costellos surplus on.. didnt suddenly disappear in fact it increased at least 3 fold.. probably more...

and yet here we are knee deep in debt which doesnt worry perc at all. in fact hes rather proud of it...we were promised not once but over and over again we would have a surplus.. instead we have more debt.. I just know that if everyone that is in debt.. balanced their budgets like the govt appears to do.... then yes we would be worse than Spain or Italy.. because its only taken us 5 bloody years to get to this stage.. these other countries including America have been up to their eyebrows in debt for donkeys years.

This financial stress will cost labor dearly at the next election Sad

It is no use comparing ourselves with other countries and telling us how we are the envy of the world when you are knee deep in debt and can't sleep at night because you are worried that you could lose your job at any moment and one day the sheriffs will come around and toss you out on the street. At least in the US if you couldn't meet the payments you would just pack your tools and go and leave the keys in the letter box !!

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Sir lastnail

Gold Member

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Posts: 30088
Gender: male

Re: AAA credit rating could go.
Reply #43 - Mar 2^nd, 2013 at 2:21pm

cods wrote on Mar 2^nd, 2013 at 1:41pm:

Bobby. wrote on Mar 2^nd, 2013 at 12:02pm:

Sir lastnail wrote on Mar 2^nd, 2013 at 11:06am:

Bobby. wrote on Mar 2^nd, 2013 at 10:58am:

Hi Nail,
I think it's people who were willing to borrow as much as the bank would lend them
that has placed the whole country in a bad situation.

I went for a more modest loan & a more modest residence & I'm glad now.
I paid off my place 5 years ago & it feels good.

Greed is not always good.

cheers
Bobby

what's even worse is that labor egged them on with the tripled first home buyers grant which essentially inflated the bubble and added an extra 100-150K on to their bank loan. They were blinded by the 20K handout but forgot about the loan which they were going to have to pay off for the next 30-40 years Sad

Hear hear Nail,
Yes - the Govts. inflated a property bubble & now we see the results -
850,000 people under mortgage stress.

it was the keep the construction industry going another stimulus...and they were tricked if you like into buying brand new homes..something swanky that looks all well and good when you are shopping around.. but once you move in... and see the shonky work

and then realize its not only the mortgage you have to pay to live there.. there is insurance home and contents.. theres rates..theres water rates...all of which increase each year...

and even now they are still trying to pump up the housing bubble in the media in an effort to stop it from collapsing. It's a classic ponzi scheme fueled by debt !!

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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red baron Gold Member Offline Australian Politics Posts: 10204 Blue Mountains Gender:	Re: AAA credit rating could go. Reply #44 - Mar 2^nd, 2013 at 5:33pm Our National Debt as of 30 seconds ago 174 billion and rushing towards the next billion. Your share, even if you are 1 day old? Almost 21 thousand dollars. Triple AAA? If we keep going the way we are under LABOR, forever borrowing from China we will all be sitting on a corner with a tin cup out.
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