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Paul Keating on global financial crisis

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#1 Steve Netwriter

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Posted 15 February 2009 - 11:51 PM

Pt.1 Paul Keating on global financial crisis


Pt.2 Paul Keating on global financial crisis


Pt.3 Paul Keating on global financial crisis

From: http://www.youtube.com/watch?v=pN78CWRBiik

Pt.4 Paul Keating on global financial crisis

From: http://www.youtube.com/watch?v=liLzim1QnLg

Thanks to riggerbeautz for the original link:

QUOTE (riggerbeautz @ Feb 15 2009, 11:22 PM) <{POST_SNAPBACK}>
Thought i'd slot Paul Keating take on it in here, includes his views on America/China raltionship, the need to reform G7, countries in surplus to spend etc


and thanks to qwertyuiop for the youtube link:

QUOTE (qwertyuiop @ Feb 16 2009, 12:20 AM) <{POST_SNAPBACK}>

Fiat: What starts becoming worth less eventually becomes worthless.

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#2 BradleyWong



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Posted 16 February 2009 - 12:40 AM

"G-7 is made of Debtor countries. We need a new framework that includes surplus countries." (like China)

"Who is going to buy the bonds?" (And provide other credit, when major banks have wiped out 74% of their capital)

#3 DrBubb


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Posted 16 February 2009 - 01:01 AM

A Good idea?

THE BANKS have "bandaged themselves up, and gone home" says Keating.
"We need to get them back on the playing field."

He suggests that the governments should help "package up" infrastructure loans, to increase lending into that sector.

This could be a good idea. Since the banks are not doing the job well on their own.

The big Australian banks have now moved up into the top 15 globally, so maybe they will play a role.
The market is "bipolar", swinging back and forth from a focus on Inflation to Deflation. Bet on swings; and stay flexible. What are bipolar markets? See: http://tinyurl.com/GEI-Manix

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