To find solutions to problems we must first analzye the fundamental causes. Marquette Turner’s MASTERPLAN series is doing just that. In Australia the banks and other lenders have been allowed to lend 100% plus to home buyers and have forced home prices up simply by their lending practices. Housing has become less and less affordable at all levels right across the country.
Universal Health Care is an essential part of any long term economic recovery plan. The health of any nation has an enormous impact of what it can achieve. Michael Marquette, Marquette Turner Luxury Homes
Foreign aid is a contentious issue for many reasons. Many people believe that Government should assist domestically before assisting abroad. Others believe that nations most in need do not receive the aid they need. Others believe that monies end up with foreign political leaders, rather than assisting those who need it.
The UK Government budgeted around 33 billion UK Pounds for defense in the current financial year which equates to a little over 5.3% of total spending. In contrast the US Government has budgeted for a whopping $1.449 trillion USD for military operations (past and present) – 54% of total spending.
Climate change is the biggest problem facing the world right now. Whether you are convinced that greenhouse gases are causing the change or believe that the world is experiencing a natural shift in weather patterns the results are indisputable. Oceans are rising, the polar caps are shrinking and millions of the world’s poorest people will be displaced. Where will they escape to and how?
The car industry is a mess. It’s a problem that has been in the making for many years and ultimately you can only keep propping up a loss making industry for so long. There are too many car brands in the world. Ford and General Motors own so many brands and the marketing of each brand is extremely expensive but all the same, what is making the industry so uncompetitive?
The philosophical debate needs to be had in the US and when economic models of other countries are considered (especially the countries that end up getting through the crisis with the least downside). The US must look at what it has done, is doing and plans to do, and must be smart enough to shift to an economic model which is far more understanding. The true capitalist model is incapable of covering all of the needs of the population.
Even if those loans which are currently recognized as “toxic” are isolated and bought by the US Government or other institutions or States, there are still so many variables which could cause chaos – the banking system has so much to still be exposed.
…Summary Thoughts With only 25% of the worlds finance coming from banks and the three largest US Banks close to insolvent, the world has to deal with some enormous issues and this will require a united regulatory framework for the future and a limiting of the size of corporations as an international security measure.
It is a staggering amount of money, almost incomprehensible but currently the United States Government is running a General Fund debt of approximately $11 trillion. I find it too hard to fathom but they really are – what are they thinking? The US Debt is spiraling out of control. On October 18, 2005 the outstanding US Public Debt past $8 trillion and is increasing by approximately $1 trillion each year. Put another way the US Public Debt increases by approximately $3.6 billion US each day.
Australians owe approximately $45 billion AUD on credit cards and is ranked as the third most indebted nation in the world when comparing total household debt to Gross Domestic Product (GDP), behind the UK and the US. … Who hasn’t seen a television commercial offering credit cards with low introductory interest rates on balance transfers (except for cash withdrawals which instantly are charged at the top rate) to entice people to further increase their personal debts?
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