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It is easy to blame the financial sector — and the governments that were supposed to oversee the financial system but instead just washed their hands of it — for creating this global debt debauch. They certainly bear much of the responsibility. But in many ways the financial misbehaviour is as much symptom as cause.
One of the ironies of the intensifying tariff war between America and China is that that neither of the two giants seems to have a viable economic model. Both countries' systems are based on dodgy financial engineering and printing money, or just inventing new types of money out of thin air.
They vastly outnumber journalists, their industry is far bigger than the shrinking media organisations, and the concentration of media ownership means that they can do deals with proprietors. Understanding that the trail with fake news leads to the spin doctors can be a useful way to detect what is, and is not, propaganda.
While money can be transacted for things that are bad — air pollution, road deaths, cigarette ads — as long as more transactions occur, it creates the illusion the economy is growing, which, ipso facto, is good. Thus, Japan's GDP rose sharply after the tsunami disaster. New Zealand's initiative will track better what is really happening in the country.
Demands for the protection of fundamental rights are, of course, a good thing. But the media coverage of the AFP raids took a scattergun approach and, in some cases, contained oversight and inaccuracy. Here are some important details that were lost in the furore.
The globe is being split into two, with Australia nervously sitting between the two sides: America and China. At least we have a trade deficit with America so are not an immediate target. But we might want to consider becoming more self-sufficient and broadening our industrial base.
The Australian economy rests on a decades-long property gamble that has disenfranchised younger generations. It is why the differing policies of the two major parties at the federal election take on an unusual significance. The voters' choice will go a long way towards determining if that generational split will get better or worse.
Two recent stories in the Australian attack Murdoch University academics who supposedly described Anzacs as 'killers' and detainees on Manus Island as 'prisoners'. The stories display a poor understanding of the academic role, and the nature of 'critique', which is not to merely to present all arguments as if they had equal merit.
It has been postulated that there are three types of war: kinetic, informational and economic. America has been losing its kinetic conflicts in the Middle East and recently has escalated its informational war. The favoured weapon with economic warfare is sanctions, and Trump has started to use them to an extreme degree.
If you wish to peer into the heart of darkness, the nexus between big oil and big money is a good place to start. Those who control the energy market and the financial markets control the world. The latest victim of this brutal intersection is Venezuela, a country that has made the mistake of having the biggest oil reserves in the world.
One of the most basic distinctions in finance, with which any stockbroker or fund manager is familiar, is that between equity and debt. As the global economy teeters on the edge of a debt and banking crisis, with global debt more than 300 per cent of global GDP, the merits of equity is something that needs to be better understood.
That Trump is a narcissistic braggart was never in doubt. The more intriguing question was always how a businessman would behave once he became president. His administration sees business-style standover tactics as a thoroughly good option. The system-wide shifts that are resulting may have a lasting impact.
61-72 out of 200 results.