Sir Mike's Comments: " What's yours is mine - What's mine is my own !! :

I am coming out loud and proud and declaring the following:

1. I am an Aussie white bloke of European descent!

2. I am heterosexual!

3. Although non religious I tend to believe in the so-called Christian values/belief!

Sir Mike's Comments 25/07/2015.

Also on my blog: www.beautkoot.blogspot.com.au

URL: http://beautkoot.blogspot.com.au

Subject: " What's yours is mine - What's mine is my own ! "

Greece - Wikipedia, the free encyclopedia

https://en.wikipedia.org/wiki/Greece

Greece

Country in Europe

Greece is a country in southeastern Europe consisting of 2 mainland peninsulas and thousands of islands throughout
the Aegean and Ionian seas. It's often called the birthplace of Western civilization, and Athens, its capital, retains
ancient landmarks including the 5th-century-B.C.E. Acropolis citadel and Parthenon temple. Greece is also known for
its beaches, from the black sands of Santorini to the party resorts of Mykonos.

Capital: Athens

Government debt: 175.1% of GDP (2013) Eurostat

Population: 11.03 million (2013) World Bank

Currency: Euro

Prime minister: Alexis Tsipras

People I am in no way ostracising Greece alone for their very poor national management and the lack of good governance and duty of care over of their countries funds and assets because lets face it countries - including Aussie under successive governments - all over the world one way or the other are guilty of this and considering the ' Wherewithal ' that the governments have at their disposal - in Aussies case at all (3) levels of this over governed Nation of ours - such as massive resources in the way of computer systems and so-called - and very expensive tax payer funded - financial & strategic experts covering the full spectrum of a countries assets and liabilities then I believe the outcome - result is very amateurish to say the least and I reckon a bunch of Mum's who regularly work out the house hold budget could leave them for dead!!!!!!

Now we have countries - governments local, state and federal, companies,organisations, individuals and the list goes on - where they borrow other peoples funds to keep them going financially so they can pay their bills etc:

However they pay little attention to their liabilities and their ability to manage them because they believe in all sincerity that it is their Gods - ? which God ? take your pick! given right to enjoy a decent standard of living today and let the future take care of it's self??

However as I am sure we are all aware that mess up in your life in any way shape or form and there is always a day of reckoning ain't there.

Now as far as repaying loans of any kind is concerned we can with the like's of Greece who find that they are unable to meet their financial liabilities and consider defaulting on their loan repayment unless the lending institutions ? banks etc: are prepared to reduce the borrowers already signed and sealed commitment/liability by some ? 30% as in the case of Greece? or in many cases write the loan off - or at least part of it? - with the hope that in many cases
the idea - as was with many International banks during the GFC - the loans are to large to fail and the ramifications of the failure would have such a great domino effect that the borrowers believe that the lenders have little choice??

When ofcourse the lending body stands firm and insists that the borrower repay the loan in accordance with the contract/agreement and should they fail to do so legal and/or other action will be considered there is an almighty ' Hue & Cry ' by the popular press/media - especially by the lefty media like the Aussie ABC – in regard to what a bunch of rotten bastards these banks and lending institutions are to insist the loan be repaid and how harsh this will reflect on the people involved on the borrowers side.

Mark Scott AO - MD - ABC.

Well people I look at it this way:

1. Banks and public lending institutions of any kind - and I should imagine this would even partly apply with privately own family businesses - do " NOT " I repeat do " NOT " own those funds lent out to the borrower those funds belong to the customers that have in good faith either invested their funds in these organisations in the way of shares, term deposits, some sought of bonds and other securities or even just parked their funds for safe keeping and at the same time enable them to deposit any pay and/or other receipts and then in return use
the facilities to pay bills one way or the other.

Now these lending bodies/organisations have a very serious duty of care to - in most cases enshrined in law - protect these customers funds that have been put in their care for safe keeping therefore it is not the lending bodies and/or institutions that stand to lose - apart from the lose of employment should they for some reason close - by borrowers defaulting on loans but the investors plus the Mum's & Dad's and families, small and large businesses or anyone that has some sought of equity within these organisations.

2. ? Do I have any sympathy for borrowers that default on loans?? Absolutely not!!! as far as I am concerned as a now retired business man of 75 plus I have over the decades - it is some what weird to get to the stage in life where you can actually talk in decades ? - taken out many both personal and business loansas well as having the use of credit cards available and I have " Never " defaulted on any of them no matter how tough things got financially even if I had to cut and juggle other areas because a good credit rating in my view is paramount to your overall health and wellbeing!! ? as the Greeks and others and ? maybe
Aussie down the not so distant track - have found out!!?
Oh yes I have heard many and various excuses - and that in my view is all they are - that things and circumstances are different now? I don't understand? that I am being too intolerant ? I should walk in their shoes and see what it's like? and the whinging goes on as if life started with them and their problems?

As far as I am concerned ? if you spend more than you earn ? or if you ate/consumed more than you produced ? then the inevitable and inescapable will occur - " Deficit !!!"

In my view if you make a commitment - financial or otherwise- you and only you are obligated to ensure that obligation is fulfilled!!

However I am of the old school where ' My word was my Bond ':

Where a hand shake was as good as a written agreement and a ' Point of Honour !'

These days " Oh bugger it! there is plenty more where that came from while we have mugs that are prepared to lend us finance ? why should we change our God given life style? we are entitled and what is more deserve to live the good life!! life is to short to concern our selves with such trivialities as spending other peoples hard earned funds and defaulting on loans!! bugger them they will get over it ? they have got plenty we are just helping to spread it around in a more and fair equitable manner!!!

Yes people I believe the attitude of " What's yours is mine - What's mine is my Own " is alive and flourishing across the worlds spectrum and at all levels of society where people " Use and Abuse " the system - especially our pollies where they are paid with tax payers funds a more than hansom salary and conditions yet the greedy bastards milk their entitlements to the fullest extent possible so is there any wonder the Aussie plebbs try to follow in their
foot steps??

I read some where that it is estimated that only about (2%) say 460,000 of Aussies out of say now some 23,000,000 that take the time to write to the pollies and let them know of their concerns therefore if you are one of the (98%) that don't give a shit enough to make the effort or even care where these amateur pollies are taking this great country of ours then don't whinge when we arrive at wherever that maybe and it is not to your liking???.

Sir Mike Howe - but you can call me Mike.

Sir Mike's Comments

Friday 24 July 2015

" What's yours is mine - What's mine is my own !! :

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