Australia Calling: banker predicts dollar collapse - DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate

**softy54534** · 10-30-2008, 06:56 PM

DOLLAR TO COLLAPSE UNDER THE WEIGHT OF DEBT
AUSTRALIA CALLING
(10/26/08) Australia is screwed. There is no other way to put it. A prominent European investment banker who has a record of forecasting accurately has predicted the collapse of the Australian economy and the Australian dollar under the weight of debt so great that just paying the interest will turn us into a second Weimar Republic. Plant your vegetable garden and make yourself a tin foil hat today.
www.nsm88radio.com

**softy54534** · 10-31-2008, 09:37 PM

Well now they are predicting the Australian Dollar to go bellow 40 cents. The lowest the dollar has ever been is 47 cents in 2001. Who said Rudd couldn't do "that" much damage in 3 years?

**9mm_fan** · 11-01-2008, 05:18 AM

Welcome to the land of the Australian peso. The only currency that will be more worthless will be Mugabe's 'dollar' where the banknotes come in $10 000, $20 000, and $50 000 denominations. The only way out is to stop immigration (there is no skills shortage just a shortage of scab coolie labour which is something that our ancestors fought against dating back to the 1840's), protect Australian industry via the reintroduction of tariff protection, the nationalisation of the banking system, the buy back of all previously owned public assets and massive public works in conjunction with conscription.

**softy54534** · 11-02-2008, 03:46 AM

Very enjoyable broadcast Derrick. Interesting to hear what Mr Redeker had to say about the Aussie dollar.

Not tooting my own horn but I have been expecting this for some time, years in fact. I used to watch programs like "Hot Property" and the like for the stupidity factor. It was incredible watching idiots clapping and cheering their own incredibly stupid financial decision making.

On the subject of stupidity did you see this article about the NAB?

http://news.brisbanetimes.com.au/bus...1021-55d0.html

You really have to wonder what utter TOOL thought it was a good idea to invest in synthetic CDOs. What a laugh! I bet penny to a pound some Jew trader at Goldman Sachs or JP Morgan is on the other side of that transaction laughing their arse off.

10-30-2008, 06:56 PM	#1
softy54534 Join Date Apr 2007 Posts 5,457 Senior Member	Australia Calling: banker predicts dollar collapse DOLLAR TO COLLAPSE UNDER THE WEIGHT OF DEBT AUSTRALIA CALLING (10/26/08) Australia is screwed. There is no other way to put it. A prominent European investment banker who has a record of forecasting accurately has predicted the collapse of the Australian economy and the Australian dollar under the weight of debt so great that just paying the interest will turn us into a second Weimar Republic. Plant your vegetable garden and make yourself a tin foil hat today. www.nsm88radio.com Share Share this post on Digg Del.icio.us Technorati Twitter
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10-31-2008, 09:37 PM	#2
softy54534 Join Date Apr 2007 Posts 5,457 Senior Member	Well now they are predicting the Australian Dollar to go bellow 40 cents. The lowest the dollar has ever been is 47 cents in 2001. Who said Rudd couldn't do "that" much damage in 3 years? Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

11-01-2008, 05:18 AM	#3
9mm_fan Join Date May 2007 Age 53 Posts 5,191 Senior Member	Welcome to the land of the Australian peso. The only currency that will be more worthless will be Mugabe's 'dollar' where the banknotes come in $10 000, $20 000, and $50 000 denominations. The only way out is to stop immigration (there is no skills shortage just a shortage of scab coolie labour which is something that our ancestors fought against dating back to the 1840's), protect Australian industry via the reintroduction of tariff protection, the nationalisation of the banking system, the buy back of all previously owned public assets and massive public works in conjunction with conscription. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

11-02-2008, 03:46 AM	#4
softy54534 Join Date Apr 2007 Posts 5,457 Senior Member	Very enjoyable broadcast Derrick. Interesting to hear what Mr Redeker had to say about the Aussie dollar. Not tooting my own horn but I have been expecting this for some time, years in fact. I used to watch programs like "Hot Property" and the like for the stupidity factor. It was incredible watching idiots clapping and cheering their own incredibly stupid financial decision making. On the subject of stupidity did you see this article about the NAB? http://news.brisbanetimes.com.au/bus...1021-55d0.html You really have to wonder what utter TOOL thought it was a good idea to invest in synthetic CDOs. What a laugh! I bet penny to a pound some Jew trader at Goldman Sachs or JP Morgan is on the other side of that transaction laughing their arse off. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

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