Australian Politics Forum - Hockey wins over the G20

bogarde73

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Hockey wins over the G20
Feb 23^rd, 2014 at 3:00pm

G20 finance ministers agree to lift global growth target

Updated 2 minutes ago

The G20 finance ministers meeting has agreed to target a lift in global growth that is 2 per cent higher than current forecasts over five years.

Federal Treasurer Joe Hockey says it would represent an increase in global GDP of more than $2 trillion.

Mr Hockey says meeting the target will require increasing investment but that it could create "tens of millions of new jobs".

"In a major step forward, the G20 finance ministers and Central Bank governors have decided to put a number on our aspiration," Mr Hockey said.

"We are committed to implementing policies that aim to lift our collective GDP by more than 2 per cent above the trajectory implied by current policies over the next five years.

"Put differently, our policies could deliver over $2 trillion more in real economic activity and tens of millions of new jobs."

Mr Hockey says the ministers will be laying down concrete policies in Brisbane at the end of the year.

He also spoke about the need to progress reforms on the IMF and expressed disappointment that the reforms agreed to in 2010 had not been secured.

The Treasurer urged the US to ratify those reforms.

Mr Hockey also spoke about tax reform, particularly the issues of base erosion and profit shifting.

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Know the enemies of a civil society by their public behaviour, by their fraudulent claim to be liberal-progressive, by their propensity to lie and, above all, by their attachment to authoritarianism.

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bogarde73 Gold Member Offline Anti-Global & Contra Mundum Posts: 18443 Gender:	Re: Hockey wins over the G20 Reply #1 - Feb 23^rd, 2014 at 3:01pm A great Treasurer in the making!
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Aussie Gold Member Offline OzPolitic Posts: 38838 Gender:	Re: Hockey wins over the G20 Reply #2 - Feb 23^rd, 2014 at 3:13pm bogarde73 wrote on Feb 23^rd, 2014 at 3:01pm: A great Treasurer in the making! How odd. That is the very Title of this Thread.....you commenced! Click here. More needless duplication! The Rules are fairly clear about that. Click here.
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perceptions_now

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Re: Hockey wins over the G20
Reply #3 - Feb 23^rd, 2014 at 4:24pm

bogarde73 wrote on Feb 23^rd, 2014 at 3:00pm:

G20 finance ministers agree to lift global growth target

Updated 2 minutes ago

The G20 finance ministers meeting has agreed to target a lift in global growth that is 2 per cent higher than current forecasts over five years.

Federal Treasurer Joe Hockey says it would represent an increase in global GDP of more than $2 trillion.

Mr Hockey says meeting the target will require increasing investment but that it could create "tens of millions of new jobs".

"In a major step forward, the G20 finance ministers and Central Bank governors have decided to put a number on our aspiration," Mr Hockey said.

"We are committed to implementing policies that aim to lift our collective GDP by more than 2 per cent above the trajectory implied by current policies over the next five years.

"Put differently, our policies could deliver over $2 trillion more in real economic activity and tens of millions of new jobs."

Mr Hockey says the ministers will be laying down concrete policies in Brisbane at the end of the year.

He also spoke about the need to progress reforms on the IMF and expressed disappointment that the reforms agreed to in 2010 had not been secured.

The Treasurer urged the US to ratify those reforms.

Mr Hockey also spoke about tax reform, particularly the issues of base erosion and profit shifting.

Just because Politicians say something, doesn't make it true.

In fact, usually the opposite is correct.

In this instance, it is the opposite that is true, as the Global basics will make the Growth "aim" impossible!

What Global Basics, you say, well -
1) Demographics have been the backstop of Economic Growth, for around 60-80 years, depending on which criteria is used and the Peaks & troughs of Demographics are usually reflected 50 years later.
So, 2014 is now set to reflect the fact that the Baby Boomer era ended in 1964, which means Demand will Decline, not increase, as the last Boomers now go into their final savings years & the bulk of Boomers actually enter their "spendthrift" Retirement years.
And, 2014 is also set for the Bust phase of the current & usual Economic Boom/Bust cycle.

2) Peak Energy has arrived, thus the cost of Energy & everything related to energy has been rising & will rise much more, thus eating greatly into the "Disposable income" of the vast majority of people, thus reducing Demand.

3) Global Debt is already at historic highs and moves must be made to start the long haul back!
Thus Taxes must increase, Tax loopholes must be closed & Expenditures must Decrease, in order to start down the Debt reduction path.
This also means that Demand will Decline, not increase!

4) Climate Change, irrespective of whether it is natural or man made, is causing many problems. It is driving up costs, it is set to deliver a Decline in Agricultural Production & in many areas a lack of rainfall will put restrictions on Population increases.
All of which will put a further Decline into Demand!

So, whilst our "friendly Pollies", of all shapes & sizes, from here & elsewhere & from all types of Political Party's may say they will "aim" for higher Growth, But the Reality is, based on Real Facts, they have as much chance of success in achieving their higher Growth "aim", as does a Pig in trying to Fly, the Pig may try, but all that's going to happen is he will make the leap "of faith", then die, as he crashes to the ground!

Sorry, to be so blunt, But facts are facts and nothing any Polly will say, is going to make these facts go away!

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adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Re: Hockey wins over the G20 Reply #4 - Feb 23^rd, 2014 at 4:27pm I bet the G20 were thrilled having the Arab son of a Palestinian deserter telling them how to run their economies
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adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Re: Hockey wins over the G20 Reply #5 - Feb 23^rd, 2014 at 4:57pm Hockey even congratulated a Communist dictatorship for stealing our jobs Does Hockey know that the Communist Chinese govt has control over every business and person in China? http://www.abc.net.au/news/2014-02-23/joe-hockey-cites-china-for-job-creation-g2...
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cods

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Re: Hockey wins over the G20
Reply #6 - Feb 23^rd, 2014 at 5:00pm

adelcrow wrote on Feb 23^rd, 2014 at 4:57pm:

Hockey even congratulated a Communist dictatorship for stealing our jobs Grin

Does Hockey know that the Communist Chinese govt has control over every business and person in China?

http://www.abc.net.au/news/2014-02-23/joe-hockey-cites-china-for-job-creation-g2...

you better ask krudd that one hes the expert on China..

isnt he going for his phd from Harvard. Wink

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cods Gold Member Offline Australian Politics Posts: 88048	Re: Hockey wins over the G20 Reply #7 - Feb 23^rd, 2014 at 5:01pm adelcrow wrote on Feb 23^rd, 2014 at 4:27pm: I bet the G20 were thrilled having the Arab son of a Palestinian deserter telling them how to run their economies your pretty disgraceful.. a real racist if ever I saw one.
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Aussie

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Re: Hockey wins over the G20
Reply #8 - Feb 23^rd, 2014 at 5:05pm

cods wrote on Feb 23^rd, 2014 at 5:01pm:

adelcrow wrote on Feb 23^rd, 2014 at 4:27pm:

I bet the G20 were thrilled having the Arab son of a Palestinian deserter telling them how to run their economies Grin

your pretty disgraceful.. a real racist if ever I saw one. Angry

Waddayareckon about Taipan here cods. Pretty damn cool, wot!

Click here.

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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: Hockey wins over the G20 Reply #9 - Feb 23^rd, 2014 at 5:06pm adelcrow wrote on Feb 23^rd, 2014 at 4:27pm: I bet the G20 were thrilled having the Arab son of a Palestinian deserter telling them how to run their economies You're a disgusting racist. There is no political point there.
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Aussie

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Re: Hockey wins over the G20
Reply #10 - Feb 23^rd, 2014 at 5:14pm

Andrei.Hicks wrote on Feb 23^rd, 2014 at 5:06pm:

adelcrow wrote on Feb 23^rd, 2014 at 4:27pm:

I bet the G20 were thrilled having the Arab son of a Palestinian deserter telling them how to run their economies Grin

You're a disgusting racist.
There is no political point there.

True, but it is entirely accurate.

You seem to be getting very partisan there Andrei.

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cods

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Re: Hockey wins over the G20
Reply #11 - Feb 23^rd, 2014 at 5:17pm

perceptions_now wrote on Feb 23^rd, 2014 at 4:24pm:

bogarde73 wrote on Feb 23^rd, 2014 at 3:00pm:

G20 finance ministers agree to lift global growth target

Updated 2 minutes ago

The G20 finance ministers meeting has agreed to target a lift in global growth that is 2 per cent higher than current forecasts over five years.

Federal Treasurer Joe Hockey says it would represent an increase in global GDP of more than $2 trillion.

Mr Hockey says meeting the target will require increasing investment but that it could create "tens of millions of new jobs".

"In a major step forward, the G20 finance ministers and Central Bank governors have decided to put a number on our aspiration," Mr Hockey said.

"We are committed to implementing policies that aim to lift our collective GDP by more than 2 per cent above the trajectory implied by current policies over the next five years.

"Put differently, our policies could deliver over $2 trillion more in real economic activity and tens of millions of new jobs."

Mr Hockey says the ministers will be laying down concrete policies in Brisbane at the end of the year.

He also spoke about the need to progress reforms on the IMF and expressed disappointment that the reforms agreed to in 2010 had not been secured.

The Treasurer urged the US to ratify those reforms.

Mr Hockey also spoke about tax reform, particularly the issues of base erosion and profit shifting.

Just because Politicians say something, doesn't make it true.

In fact, usually the opposite is correct.

In this instance, it is the opposite that is true, as the Global basics will make the Growth "aim" impossible!

What Global Basics, you say, well -
1) Demographics have been the backstop of Economic Growth, for around 60-80 years, depending on which criteria is used and the Peaks & troughs of Demographics are usually reflected 50 years later.
So, 2014 is now set to reflect the fact that the Baby Boomer era ended in 1964, which means Demand will Decline, not increase, as the last Boomers now go into their final savings years & the bulk of Boomers actually enter their "spendthrift" Retirement years.
And, 2014 is also set for the Bust phase of the current & usual Economic Boom/Bust cycle.

2) Peak Energy has arrived, thus the cost of Energy & everything related to energy has been rising & will rise much more, thus eating greatly into the "Disposable income" of the vast majority of people, thus reducing Demand.

3) Global Debt is already at historic highs and moves must be made to start the long haul back!
Thus Taxes must increase, Tax loopholes must be closed & Expenditures must Decrease, in order to start down the Debt reduction path.
This also means that Demand will Decline, not increase!

4) Climate Change, irrespective of whether it is natural or man made, is causing many problems. It is driving up costs, it is set to deliver a Decline in Agricultural Production & in many areas a lack of rainfall will put restrictions on Population increases.
All of which will put a further Decline into Demand!

So, whilst our "friendly Pollies", of all shapes & sizes, from here & elsewhere & from all types of Political Party's may say they will "aim" for higher Growth, But the Reality is, based on Real Facts, they have as much chance of success in achieving their higher Growth "aim", as does a Pig in trying to Fly, the Pig may try, but all that's going to happen is he will make the leap "of faith", then die, as he crashes to the ground!

Sorry, to be so blunt, But facts are facts and nothing any Polly will say, is going to make these facts go away!

true but what we have to take into account perc... is dealing with other economies and govts..

its not just about US is it??...

if we dont bend to others we cannot expect them to bend towards us..

we have to fit in perc...its that simple.. we are not an island unto ourselves...

its no good going back years ago.. its a different world

today we want more for doing less... we want power electricity..but want it for free...... what the??..

we want houses but expect the govt to pay for some of it.... what the????

we expect to have free medical treatment... but only the BEST will do mind you.....what the?

our attitude is appalling... if we dont pull our weight we will sink thats for sure.....look at what people did during the war..not on ly did they go without they paid for everything didnt expect bugger all for nothing... and did jobs..women built planes for gods sake...

ask some of them what an iron is used for and they wouldnt know.

we all need to pull our heads in and s top blaming govts for all our ills...we have got so selfish in this country it isnt anything like it was when I first came here...

everyone worked then they didnt care what it was they did it..now they whinge for more money for the dole. so they can keep their lifestyle..

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cods

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Re: Hockey wins over the G20
Reply #12 - Feb 23^rd, 2014 at 5:21pm

Aussie wrote on Feb 23^rd, 2014 at 5:05pm:

cods wrote on Feb 23^rd, 2014 at 5:01pm:

adelcrow wrote on Feb 23^rd, 2014 at 4:27pm:

I bet the G20 were thrilled having the Arab son of a Palestinian deserter telling them how to run their economies Grin

your pretty disgraceful.. a real racist if ever I saw one. Angry

Waddayareckon about Taipan here cods. Pretty damn cool, wot!

Click here.

I dont read that thread the fact it was started by the most miserable person on here.. cracked me up...

it wasnt nice not nice at all.. but what do you think about adelcrow and his constant belittling remarks about Joe..I take it you are ok with that as taipan seems to stir you up more..... or is that the sort of talk you like to see.. Angry

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Aussie

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OzPolitic

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Re: Hockey wins over the G20
Reply #13 - Feb 23^rd, 2014 at 5:38pm

cods wrote on Feb 23^rd, 2014 at 5:21pm:

Aussie wrote on Feb 23^rd, 2014 at 5:05pm:

cods wrote on Feb 23^rd, 2014 at 5:01pm:

adelcrow wrote on Feb 23^rd, 2014 at 4:27pm:

I bet the G20 were thrilled having the Arab son of a Palestinian deserter telling them how to run their economies Grin

your pretty disgraceful.. a real racist if ever I saw one. Angry

Waddayareckon about Taipan here cods. Pretty damn cool, wot!

Click here.

I dont read that thread the fact it was started by the most miserable person on here.. cracked me up...

it wasnt nice not nice at all.. but what do you think about adelcrow and his constant belittling remarks about Joe..I take it you are ok with that as taipan seems to stir you up more..... or is that the sort of talk you like to see.. Angry

cods, you can call me the off-spring of Scottish, English, German 'deserters' as often as you please, because it is true. Joe is an Arab, and that is also equally true. Wot's the bloody problem? I'm sure Arab Joe is quite proud of his DNA.

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perceptions_now

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Perth WA
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Re: Hockey wins over the G20
Reply #14 - Feb 23^rd, 2014 at 5:56pm

cods wrote on Feb 23^rd, 2014 at 5:17pm:

perceptions_now wrote on Feb 23^rd, 2014 at 4:24pm:

bogarde73 wrote on Feb 23^rd, 2014 at 3:00pm:

G20 finance ministers agree to lift global growth target

Updated 2 minutes ago

The G20 finance ministers meeting has agreed to target a lift in global growth that is 2 per cent higher than current forecasts over five years.

Federal Treasurer Joe Hockey says it would represent an increase in global GDP of more than $2 trillion.

Mr Hockey says meeting the target will require increasing investment but that it could create "tens of millions of new jobs".

"In a major step forward, the G20 finance ministers and Central Bank governors have decided to put a number on our aspiration," Mr Hockey said.

"We are committed to implementing policies that aim to lift our collective GDP by more than 2 per cent above the trajectory implied by current policies over the next five years.

"Put differently, our policies could deliver over $2 trillion more in real economic activity and tens of millions of new jobs."

Mr Hockey says the ministers will be laying down concrete policies in Brisbane at the end of the year.

He also spoke about the need to progress reforms on the IMF and expressed disappointment that the reforms agreed to in 2010 had not been secured.

The Treasurer urged the US to ratify those reforms.

Mr Hockey also spoke about tax reform, particularly the issues of base erosion and profit shifting.

Just because Politicians say something, doesn't make it true.

In fact, usually the opposite is correct.

In this instance, it is the opposite that is true, as the Global basics will make the Growth "aim" impossible!

What Global Basics, you say, well -
1) Demographics have been the backstop of Economic Growth, for around 60-80 years, depending on which criteria is used and the Peaks & troughs of Demographics are usually reflected 50 years later.
So, 2014 is now set to reflect the fact that the Baby Boomer era ended in 1964, which means Demand will Decline, not increase, as the last Boomers now go into their final savings years & the bulk of Boomers actually enter their "spendthrift" Retirement years.
And, 2014 is also set for the Bust phase of the current & usual Economic Boom/Bust cycle.

2) Peak Energy has arrived, thus the cost of Energy & everything related to energy has been rising & will rise much more, thus eating greatly into the "Disposable income" of the vast majority of people, thus reducing Demand.

3) Global Debt is already at historic highs and moves must be made to start the long haul back!
Thus Taxes must increase, Tax loopholes must be closed & Expenditures must Decrease, in order to start down the Debt reduction path.
This also means that Demand will Decline, not increase!

4) Climate Change, irrespective of whether it is natural or man made, is causing many problems. It is driving up costs, it is set to deliver a Decline in Agricultural Production & in many areas a lack of rainfall will put restrictions on Population increases.
All of which will put a further Decline into Demand!

So, whilst our "friendly Pollies", of all shapes & sizes, from here & elsewhere & from all types of Political Party's may say they will "aim" for higher Growth, But the Reality is, based on Real Facts, they have as much chance of success in achieving their higher Growth "aim", as does a Pig in trying to Fly, the Pig may try, but all that's going to happen is he will make the leap "of faith", then die, as he crashes to the ground!

Sorry, to be so blunt, But facts are facts and nothing any Polly will say, is going to make these facts go away!

true but what we have to take into account perc... is dealing with other economies and govts..

its not just about US is it??...

if we dont bend to others we cannot expect them to bend towards us..

we have to fit in perc...its that simple.. we are not an island unto ourselves...

its no good going back years ago.. its a different world

today we want more for doing less... we want power electricity..but want it for free...... what the??..

we want houses but expect the govt to pay for some of it.... what the????

we expect to have free medical treatment... but only the BEST will do mind you.....what the?

our attitude is appalling... if we dont pull our weight we will sink thats for sure.....look at what people did during the war..not on ly did they go without they paid for everything didnt expect bugger all for nothing... and did jobs..women built planes for gods sake...

ask some of them what an iron is used for and they wouldnt know.

we all need to pull our heads in and s top blaming govts for all our ills...we have got so selfish in this country it isnt anything like it was when I first came here...

everyone worked then they didnt care what it was they did it..now they whinge for more money for the dole. so they can keep their lifestyle..

I'm not sure if you picked it up Cods, But I did refer to GLOBAL BASICS.

So, you're right, it's not just about US, it's about the GLOBAL BASICS and no matter what any Politician may say, Local or elsewhere & Left, Right or Centre, those GLOBAL BASICS are clearly saying we are heading for problems, so what has been said at the G20 is simply PR CRAP!

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