Barney wrote:
Growler wrote:
Barney wrote: "And we all have to ask - how the hell can you post a profit when soooooooooooooooo much money is still owed..."
Is this a serious question?
geeeeeeee maybe not??
I hope you can enlighten us all as to what noun or adjective you might place on my mass of letters forming words
Take us back to the 70's by all means .................... don't take too long though, I am giddy with anticipation.
I would call it a question most school kids would laugh at. Suggest you look up the difference between profit and debt, also might want to check how many businesses in Australia post big profits with large amounts of debt. Mining industry would a great place to start.
Oh goody Mr holier than thou
Wonderful summation of argument to initiate the financial sector as a reference to stand behind
Because they have all done such wonderful jobs looking after the minor sections of their business in the world of Profit over/V’s Debt
These lesser sectors being the actual employees and in some cases stockholders (god help us from publicly listed companies)
Whenever the $ loss hits the fan all I have seen is pain visited upon the lesser individuals, as I have mentioned above, and this will be the outcome for the non AFL players and then passionate supporters to these 2 clubs in particular, some it being shown to us now.
Now - let’s look at the
mining sector the bastion of moralizing virtues and trustworthiness to subordinates
1 x e.g. Fortescue, that is ludicrously overburdened with debt and now refinanced 'once again' with horrendous interest rates of debt payment to eventually make –
Over 600 jobs slashed in the last 3 months and that's not due to camps and sites moving from Construction to Production, these regions were already in production with the reduced manpower in place; another 100 JOBS ONLY WEEKS AGO - these in transport/trucking for Fortescue.
One other mining company, RIO, slashing 700 jobs with more to come, their debts do not match others but non-the less in their case the preserving of profits paramount in their rational. From the boardroom and those that travel least from Leather seat to Pilbara dust these decisions made with corporate validation...
more than several others running on debt rather than profit have collapsed causing more mayhem to employees/supporters
Let’s not even touch on the brink of financial ruin the American Housing market propped up by the banks and financial institutions almost bought to the entire world - living in false economies, manifesting DEPT as a GOOD thing, twisted and ripped to substantiate greed
And so while on this SOAP BOX I point to where this conversation began - maybe I should be accused of being a foolish idealistic - but better for my soul and my values that I am that , than a person who argues the merit of false Profit over actual existing/factual debt...
No matter the school that teaches it or the child taught to spout it!!
Buyer beware – the snake oil salesman abound