Catholicism and the Liberal Party

4212aa8c867d0571664e9818717f04f9So Cory Bernardi has finally made his move and put his career where his mouth is. A brave move whatever one might think of his politics, but one where at least his job won’t be at risk for another five and a half years.

He leaves the Liberal Party no worse off really. He’ll still support them. But it’s not a good look, electorally. At the moment it’s easy to watch the Liberal Party imploding. But it shouldn’t come as a surprise to those of us who have witnessed the party’s evolution over the past 50-60 years.

Read more at: The Australian Independent Media Network

A Race to the Bottom

trump-turnbull-960x540Firstly, Donald Trump and the future of the world……

Here’s my take…….Donald is possibly the most narcissistic person I have encountered in public life. From history I have concluded that John Paul II, Nixon, Hitler, Bismarck, Lincoln, Napoleon, Henry VIII, Pope Innocent III, all the way back to Augustine and Alexander were narcissists. They all caused, to some degree greater or lesser, serious upheaval within their sphere of influence. Trump will do the same. How serious this upheaval will be is hard to say, but I do not rule out some military conflict and certainly some global economic consequences. He might pal up with Putin but if China is the target, make no mistake, Russia will side with China when the spaghetti hits the fan.

Read more at: The Australian Independent Media Network

Unlike Turnbull, Trump Holds No Fear of Debt

_87740375_ad745816-231a-4270-beb6-afc0463d5656Whatever one thinks of Donald Trump, there was something he said in his inaugural address today, that Malcolm Turnbull should note well.

Trump said, “We will build new roads and highways and bridges and airports and tunnels and railways all across our wonderful nation. We will get our people off welfare and back to work, rebuilding our country with American hands and American labour.”

This could be a blueprint for Australia as well. Does anyone think The Donald would be concerned about where the money comes from? Not likely. One suspects he is already ahead of the game.

Read more at: The Australian Independent Media Network

The Economy an Impending Train Wreck

If you were on a fast moving train and someone came through the carriage and told you that the train had no brakes and only a brick wall would stop it, how would you feel? What would you do?

Right now, Australians are heading at full speed into an economic brick wall and the government won’t do what’s needed to stop it.0309_dmlo_train_wreck01_5337454_ver1-0_640_480

Read more at: The Australian Independent Media Network

Our Government’s Misguided Ignorance About Debt

1475654779986Government debt comes about because Treasury runs our economy as if it were a household. If the incoming flow of tax receipts does not cover the outflow of government spending, it directs the AOFM to tender for the sale of government bonds to cover the expected shortfall.

But this is no more than an academic exercise. The government is not a household. It is the currency issuer of Australian dollars and can never run out of money. It never needs to borrow any more than it needs to collect taxes.

Read more at: The Australian Independent media Network

The world is changing…and not in a good way

greed_1It seems unnecessary even to say it, but that’s the truth of the matter. The world is changing and not in a good way. It’s the story of the frog in the saucepan.

The water heats up but it’s so comfortable that the poor frog doesn’t realise, until it’s too late, that the ever increasing temperature of the water is slowly boiling him alive. We are like the poor frogs and the changes in our lives have been, and are, so subtle we don’t catch on until it’s too late. What we have failed to notice is that our so-called democracy has been ripped out from underneath us and replaced with an obscene form of plutocracy.

Read the full article here: The Australian Independent Media Network

MYEFO, a tale of incompetence

da9aa5c89393e149e30ff3c04d9e2991What a tale the 2016/17 December MYEFO tells. And it’s not what the Treasurer is saying. Firstly, Scott Morrison is projecting a return to surplus in 2020/21 which is unchanged from the pre-election update.

What he isn’t saying though, is that the likelihood of this actually happening is next to zero. Thankfully, that’s not an issue because a surplus budget is the last thing the Australian economy needs right now, or indeed in four years’ time.

Read the full article here: The Australian Independent Media Network.

The Mugwump Post

Australian Politics

Unions. Politics. And stuff.

Tracking Abbott's Wreckage

The AIM Network

The Australian Independent Media Network

The Extinction Protocol

Geologic and Earthchange News events

The Obama Diary

President Barack Obama ... photos, videos & a word or two

Spinthedoctor

Turning the tables on spin

%d bloggers like this: