The Stock Market … better it never existed

Are we witnessing the end of the surge on Wall St? Or is, what we witnessed this week, no more than a minor correction? The current roller coaster ride on the NYSE and other world markets including Australia, demonstrates just how much of a casino these places are.os-bz-wall-street-plunge-20180205

Read more at: The Australian Independent Media Network

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Time is running out, Malcolm

turnbullMalcolm Turnbull just doesn’t get it. Or, perhaps he does, and he is hoping against the odds that the situation will improve by the time he finds himself forced to call an early election.
The problem is wages growth, or more particularly, the lack of it. He has been trumpeting the success of his government’s ‘jobs and growth’ platform now for months, citing the creation of 377,000 jobs in 2017 as evidence of that success.

Read more at: The Australian Independent Media Network

A Politician’s Guide to telling the truth about taxation

Following an interview with an unusually frank and forthright politician, a journalist was struggling to absorb the reality that taxes don’t fund government spending. He was, however, still conscious enough to ask the next obvious question: if taxes don’t fund spending, why do governments tax?
The next day, while still trying to grasp how sovereign monetary governments pay for things, he returned to continue the interview. While it was questionable as to whether he was mentally ready to learn the truth about why governments tax people, he did have a deadline to meet.maxresdefault

read more at: The Australian Independent Media Network

A Politician’s guide to the question, “How are you going to pay for it?”

If there’s one question a politician fears being asked, it is this one. After announcing a decision to undertake a bold new and expensive development project, the question always arises, “How are you going to pay for it?”
It shouldn’t be a horror moment for politicians, but it is, and the reason is simple. They are afraid to be caught out. Such is the millstone they have tied themselves to, over the years, trying to discredit their opposition, or portray themselves as fiscally responsible. In the process, they have shot themselves in the foot because they don’t understand how sovereign money works.1446420860697

Read more at: The Australian Independent media Network

House of Cards

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A quite lengthy article published back in November last year by Matt Barrie and Craig Tindale on Medium.com entitled, “Australia’s economy is a House of Cards”, gives us a comprehensive view of where the Australian economy is at present.
What is revealed should shake Malcolm Turnbull and Scott Morrison out of their overly optimistic complacency, but as unlikely as that is, the report warns of what is to come. It is a long and highly detailed read, so for those who are time-poor, here is an overview…

Read more at: The Australian Independent Media Network

Why an Election in 2018 is more than likely

Notwithstanding the issue of foreign citizenship facing both the Liberal and Labor parties, which could trigger an election in 2018, there is another more pressing issue looming for Malcolm Turnbull, one that he created all on his own.
It concerns the senate, the Constitution and the double dissolution Turnbull called in 2016. It may well be that 2018 turns out to be a federal election year, by necessity.turnbull_shorten

Read more at: The Australian Independent Media Network

How MYEFO masks Deception and Ignorance

A terrible deception has been perpetrated on the Australian people. We have been led to believe that we borrow our own currency from foreign nations, that the money gathered from borrowing and collected from taxing, funds spending.

It’s simply not true. And why is it important for us to know this? Because, empowered with this knowledge we can change the way our country is run. We can call out our politicians for their deception, their ignorance and force them to address the issues that are most important to us.1446420860697

Read more at: The Australian Independent Media Network

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