Should Canada discuss debt strategy at UN?

[Machjo]

Seeing how fiscal irresponsibility on the part of one country can have a ripple effect across the world, just as fiscal responsibility in one country can help sustain its neighbours, should Canada propose that the international community develop a world-wide debt-fighting plan, whereby the international community could put pressure on irresponsible countries to clean up their economic act before problems get out of control?

By the way, reduced government spending would likely help the environment too by reducing excess economic consumption.

Your thoughts on this?

 

[AnnaG]

I think if people are stupid enough to allow big business, market speculators, governments, etc. to make a mess of the world economies, then people should suck it up.

 

[Said1]

Maybe we should form a panel to discuss discussing it?

 

[AnnaG]

Maybe we should form a panel to discuss discussing it?

.... and then a committee to discuss and research the ramifications of the discussion.

 

[Avro]

Seeing how fiscal irresponsibility on the part of one country can have a ripple effect across the world, just as fiscal responsibility in one country can help sustain its neighbours, should Canada propose that the international community develop a world-wide debt-fighting plan, whereby the international community could put pressure on irresponsible countries to clean up their economic act before problems get out of control?

By the way, reduced government spending would likely help the environment too by reducing excess economic consumption.

Your thoughts on this?

Perhaps the real problem is globalization.

 

[Said1]

.... and then a committee to discuss and research the ramifications of the discussion.

Then release a report 7-16 months after their findings have been complied into a 'paper'. Then wait for public option, then form another panel to discuss possible future discussions on policy recommendations on the matter of future discussions. However, sadly, they will be caught pilfering money to pay for sex and oxycontins with tax payer money, although not prosecuted - because everyone knows they do not mix!

 

[MHz]

Seeing how fiscal irresponsibility on the part of one country can have a ripple effect across the world, just as fiscal responsibility in one country can help sustain its neighbours, should Canada propose that the international community develop a world-wide debt-fighting plan, whereby the international community could put pressure on irresponsible countries to clean up their economic act before problems get out of control?

By the way, reduced government spending would likely help the environment too by reducing excess economic consumption.

Your thoughts on this?

How about the UN ask all the countries in the world if they want to stop paying interest to on a debt that is optional in the first place (as in each Nation can print no interest money) If Canada pays $30 B/ year in interest alone what is the amount collected on the world dept (all Nations ).
If nobody can see having that money remain in circulation would be helpful on a global scale then a solution isn't really being looked for.

 

[Slim Chance]

How about the UN ask all the countries in the world if they want to stop paying interest to on a debt that is optional in the first place

Agreeing to lend money to a nation is also optional... There have been more than one example of a nation getting behind the 8-ball after borrowing huge sums; threatening not to pay unless they can renegotiate and later getting their way.

The fallout is that no one is willing to lend to them in the future.

 

[MHz]

Agreeing to lend money to a nation is also optional... There have been more than one example of a nation getting behind the 8-ball after borrowing huge sums; threatening not to pay unless they can renegotiate and later getting their way.

The fallout is that no one is willing to lend to them in the future.

I didn't say the debt had to be dishonored, I am saying the interest being charged is a burden that does not have to be there. For Canada alone and her $600B debt a very large part of that is interest and compounded interest. The money that went to actual goods and services might be 25% of that, that amount could be repaid quite easily.

All Nations are manipulated so they have no choice but to borrow @ interest, doomed as soon as the gates were opened, the banks manipulated thing to work that way, taxpayers did not vote on it, a few lackies in public office were bribed to support it, it's called treason when you betray your employers the taxpayers. They have the legal right to draw and quarter those people, the bribers and the bribed are equally guilty and nobody is doing squat to stop it. That actually has little to do with religion so why should the Church take the heat for not getting their house in order when the Atheist world refuses to straighten out the banking problems?

 

[darkbeaver]

What is the international community? Does it exist or are we talking about the bankers cabal?

 

[lone wolf]

Screw interest. Starve parasites!

 

[Slim Chance]

I didn't say the debt had to be dishonored, I am saying the interest being charged is a burden that does not have to be there.

Interest payments are the biggest factor that encourages the financing in the first place. Eliminate the upside for the lender and you'll soon discover that there is no appetite for lending money on a good-will basis. Add-in the reality that the lenders can employ that money in their own back yard for a benefit to them and community, no one would lend outside their sphere.

Sadly, that's human nature.

taxpayers did not vote on it, a few lackies in public office were bribed to support it, it's called treason when you betray your employers the taxpayers.

Oh, but the taxpayers did vote on it... They voted for the party/candidate that promised them all kinds of freebies.

That actually has little to do with religion so why should the Church take the heat for not getting their house in order when the Atheist world refuses to straighten out the banking problems?

I'm kinda lost on the religion angle... Explain?

 

[El Barto]

I don't think we should be teaching anything to anyone .....I don't think we have things that well

 

[MHz]

What is the international community? Does it exist or are we talking about the bankers cabal?

What interest payment would you like on that bill? Canada's figures should make it possible to determine how much the banks really rake in per year. I'm trying to find a total of how much money there is in the world, the last time I found it it was about 30T more than the debt.

Debt - external:
country comparison for the world $56.9 trillion (31 December 2009 est.)
$60.83 trillion (31 December 2008 est.)
note: this figure is the sum total of all countries' external debt, both public and private

 

[MHz]

I don't think we should be teaching anything to anyone .....I don't think we have things that well

No fear here, everything I say is rejected out of hand lol

 

[MHz]

Interest payments are the biggest factor that encourages the financing in the first place. Eliminate the upside for the lender and you'll soon discover that there is no appetite for lending money on a good-will basis. Add-in the reality that the lenders can employ that money in their own back yard for a benefit to them and community, no one would lend outside their sphere.

Sadly, that's human nature.

That is the way it works when the banks are made into a 'for profit' organization when nobody has an option to use another system. Banks are supposed to be the middleman who does not take a penny more than expenses demand. Banks manipulate things to maximize how much they can take from the ones who use money. $100 lent out should net the bank $3 not $103, The one who 'earned the money (has collateral) owns the $97 until he spends it by giving it to another person for whatever. Even at 3% that is a good profit in that it only costs $0.07 to 'create' $100. As it is that is a more than any business can rake from their customers. lol

Oh, but the taxpayers did vote on it... They voted for the party/candidate that promised them all kinds of freebies.

The Federal Reserve was created moments before a Xmas break when most of the ones who would have voted "N0" were not there as nothing had been scheduled for voting on. Bad puppy right from birth.

I'm kinda lost on the religion angle... Explain?

The world debt is not a creation of religion, it is an Atheist entity, they should clean that up if they insist on the Church getting it's act together in terms of actually being a benefit to the weakest of mankind. As it is neither is going to do anything along that line.

 

[AnnaG]

Perhaps the real problem is globalization.

I see nothing wrong with globalisation as long as all the currencies of the world are standardised, wages are globally standardised, work hours are globally standardised, etc.

 

[AnnaG]

Then release a report 7-16 months after their findings have been complied into a 'paper'. Then wait for public option, then form another panel to discuss possible future discussions on policy recommendations on the matter of future discussions. However, sadly, they will be caught pilfering money to pay for sex and oxycontins with tax payer money, although not prosecuted - because everyone knows they do not mix!

Then we need a committee of accountants and economists to research and study the ramifications of the fraud and another to research and study who to blame and another committee to study what charges are to be laid.

 

[AnnaG]

That is the way it works when the banks are made into a 'for profit' organization when nobody has an option to use another system. Banks are supposed to be the middleman who does not take a penny more than expenses demand.

Who the hell ever said that?

Banks manipulate things to maximize how much they can take from the ones who use money. $100 lent out should net the bank $3 not $103, The one who 'earned the money (has collateral) owns the $97 until he spends it by giving it to another person for whatever. Even at 3% that is a good profit in that it only costs $0.07 to 'create' $100. As it is that is a more than any business can rake from their customers. lol

Yeah, banks are in business. Business motive is to profit. It's kinda a little part of capitalism.

The world debt is not a creation of religion, it is an Atheist entity, they should clean that up if they insist on the Church getting it's act together in terms of actually being a benefit to the weakest of mankind. As it is neither is going to do anything along that line.

Get a grip. It's secular, not atheist. :roll:

 

[Machjo]

Perhaps the real problem is globalization.

And how exactly do we avoid globalization when we are witnessing ever more international exchanges not only commercially but culturally too. We're seeing more international travel, marriages, immigration and emigration, information exchanges via the internet, international students (and this includes Canadians studying abroad), medical tourism, etc. etc. etc. How do you propose we maintain these benefits while closing our borders. We're not living in the pre-telegraph era anymore.