Prosper Australia

photo credit: Poppyseed Bandits When: 7pm, Thursday Dec 11th Where: Prosper Australia, Frank Halkyard Library, Level 1/ 27 Hardware Lane, Melbourne Why: Because the US style bailout is heading our way Who: Fred Foldvary is the Senior Editor of the highly regarded Progress Report. Fred Foldvary (USA) will provide an explanation of the real estate [...]

photo credit: Joel Bedford Mason Gaffney October 25, 2008 In a follow up to Professor Gaffney’s The Great Crash of 2008, he now delves into how credit can be freed from the current crisis. The Great Reckoning awaits… 1. Introduction Working capital is the bloodstream of economic life. It is physical capital, the fast turning [...]

photo credit: alexkon Karl Fitzgerald Project Coordinator and Web Editor the Saturday Age – Business section, p2, Oct 25th. FREE market principles are being put to the test like never before. With share prices collapsing, policymakers are scrambling to keep up with the loss of confidence in the market. Prime Minister Kevin Rudd has stepped [...]

Thurs Nov 6th, 6.45 pm featuring Dr Gavin Putland Download flyer Which politician will use the ‘recession we could have avoided’ line? Rest assured Paul Keating will be invited. Dr Putland will discuss why asset price bubbles always end in tears. What trends have made such busts more prominent? What can be done to avoid [...]

photo credit: trackrecord Jeffery Sachs was heard sniggering on local radio this morning at the extent to which Greenspan admitted fault. Greenspan has shocked the world by admitting his world-view was incorrect. Referring to his free-market ideology, Mr. Greenspan added: “I have found a flaw. I don’t know how significant or permanent it is. But [...]

Renegade Economist Press Conference

photo credit: amirjina Can someone please write in their diary June 2024? Because that’s when we are going to start warning about the next big bailout for bankers. If we do not learn from the horrors of this downturn and collect the economic rent that accrues to land, then the next 18 year cycle will [...]

photo credit: {dpade1337} The escalating US financial disaster is fast forwarding into a grapple for handouts, with the vested interests having the ear of the policy makers whilst the less privileged are left behind in a trail of bewilderment, attempting to grasp the unfolding situation one fragment of horrible data at a time. The call [...]

photo credit: mtbdeano Professor Mason Gaffney Get yourself comfortable – this is Must Read! This crash is The Big One; it has the signs of becoming a Category 5. How do we know? We’ve “been there and done that” so many times before, roughly every 18 years over the last 800 or more. Major wars [...]

photo credit: Mike Licht, NotionsCapital.com How can the world’s most right wing administration delve into the biggest act of socialism since the Great Depression? By allowing the economic fundamentals to be skewed towards speculation rather than production, the Bush administration has accelerated the push towards short term profiteering. The last 30 years of global economic [...]