Heise Says
#auspol #economy #heisesays
Grim tiding for the Australian economy or our treasurer preparing us for a terrible budget?
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What, so equity maaate from housing isn't going to keep the economy afloat? Say it isn't so!
understand how money is created and do not forget this is a debt based system, this makes the creation of what you call money . the bank loanes you money that cant exsist but they lend you money as a debt the creation comes from your repayments . wake up you have been robbed
In the interview Dr Low had the day after the interest rate hold.. he in so many words said the government needs to raise tax or he needs to raise interest rates. This isn’t new or a surprise.
The smoke and mirrors could only last for so long. The pain is coming
You speak a lot of sense most of the time, but to label the coalition conservative or more responsible than labour, well the difference is miniscule. They spend like crazy to try and cling to power, sell public assets for pennies to their mates and waste taxpayer funds left right and centre to try and pork-barrel their way to power. They make up the numbers as they go along just like the labour government does and if that goes well into the red, well why would they care. Take an 8-12 year break as opposition and then do it again! Any semblance of sanity with regard to fiscal policy goes out the window, to think that labour or liberal makes any difference makes no sense to me.
At the end of the day the economy is always better when labor is in power, just look at history, we are ranked a higher economy under labor then when the liberals are in power, I hope labor brings in more tax’s for wealthy people so they can give it back to the bottom end
Back in school, I remembered the Hawke Keating years, increase taxes, teacher and wharfies strike, high interest rate and country into recession,seems history repeats itself in a different way!
Don’t fight the FED when the market went up but fight the FED when it crashes.
its funny how many of you think an economy just magically sinks overnight…. years of progressive failures
We don't have a "Fed" to fight, it is the Reserve Bank of Australia. You might be all Yank, plenty of us are not!
Taxes going up for sure , so they can fund crap like “The Voice” single mothers ( garden tools ) crap like that
I swear, If I hear one more person blame the economy / house prices / petrol prices / inflation on the war in Ukraine I'm going to loose it! We're in the poo because our leaders turned on the money printing presses – That's the only reason. If you want to believe their deflection about a war on the other side of the world – you do that, but I'm tired of hearing BS.
Both parties have the same insane housing policies, so the decision needs to be moved out of their hands.
Need to raise rates much higher from here, and wash all the greed out of the system – another 'recession we have to have' is required.
Qld. Government needs to build more public housing with extra taxes from coal mining and not waste that money by frittering it away in general revenue spending to achieve next to nothing. Would become a government owned asset that should be worth money. Lots of public housing still sitting vacant is there? If so it should be rented. Or is there a magic forcefield that prevents government from understanding that. Have a good day 😊.
labor is the worst of worsts.
There's a reason why everything is Labor in Australia. Because decades of Conservative Goverments delivered a shift in wealth to a smaller and smaller section of our society until even the " middle class " was becoming a " poor class" . So the majority / not just proud conservatives like you / but all the people / voted and the result was the Conservatives were kicked out. That's how democracy is supposed to work. Have another coffee because it's going to be Labor for some time to come !
Don't panic, we can always have more welfare
Wait for Carbon credits and extra carbon taxes for inhaling air.
Grim doesn't begin to surmise what's coming..
You voted for Labor
water, oxygen and sun tax??? WOS tax 🤔
I wouldn't mind paying taxes if the money was used wisely and for the benefit of our society overall, not just funding "special interest" groups and filling politicians pockets. OMG they are using the Ukraine excuse for everything.
"Glory Days" hey Chalmers .
Put that book in the fishing section
Maybe we can beat South Africa to rock bottom.
Government used to have businesses which generated an income…after selling everything and pissing the money up against the wall they now get there income from us.housing ! Goat herder’s are used to living in tents.
No point arguing over the details. It will be no different from the last 15 or so Budgets. Spending, taxes and debt will again all be up. Australia always taking another step towards bankruptcy.
Well it’s only sad because the government can’t stop spending my taxes on telling me how to raise my kids what I should put in my body who I should care about who I shouldn’t care about and how I’m a bad person because I’m White and I’m not an Australian even though I was born hear but they won’t make new taxes because everything is going up so they get more taxes anyway and if they are short they can just print some more to make everything go up so they can get more taxes weeeeeeeeee
Beware Labour. NZ PM Ardern promised a billion trees, 100,000 homes, to end child poverty etc. All we got was exploding debt, a crime wave and division.
Also seems to be determined to go the same way. Good luck!
Heisenberg you're wrong on the LNP/ALP "economic management" narrative you've been brainwashed to accept uncritically. Sell out the true stats and unbiased media coverage
Interesting conversation you and I had once where you told me about the importance of Independents. Your anti Labor rhetoric is giving you away. Remember the LNP fan base is diminishing at a rapid rate, you're now the minority and you will be for a long time to come.
The USA economy is on its way out, the petro dollar is finished.
The BRICS nation will become the new global powerhouse
Just dont mention nuke subs – billions now – possible delivery by 2030…you guys must be rich! Or co opted…
Printing will resume soon… inevitable.
I can always count on you to cheer me up! 🤨😒
So the only thing the RBA has to show for 10 consecutive interest rate rises is a 10% increase in house prices. Once inflation goes out of control, they're probably counting on the public's demand for a Central Bank Digital Currency to reign in spending by making sure what you can spend on and when you can spend by, through their designated use by date attached to your bank balance.
World depression 2025 according to Simon hunt. Also in stage 3 of 6 leading to hyperinflation and forced CBDCs.
Just buy another investment property. Help Australia bubble inflating forever!
Don't worry. More billions to property sector and rest all get the shit nothing
I think we hit a peak of everything. Felt it coming for years. We have dug up all the cheap oil, coal and gas. We're in a demographic collapse, China being the worst, Europe and Asia following and the only populations to increase in the future will be Africa. The end of globalisation is a foot and we aren't prepared for the changes. Australia will fare better than most but it definitely won't be the 1950's any time soon unless we develop very cheap energy sources.
And Albo promises more of Aussie tax payers money to a sum of two trillion dollars to climate effected countries.😂
Yeah its certainley looking rosie for us all.
The QE2 is running again….plus the us shoots a Chinese fighter jet down…what nxt….world going to crap…🤔😩😫
Ps…you get wat u vote 4 Cousin….it's a shithole…..1nation & shooters party Rulz
I plowed as much money as possible into things that replace ongoing costs. I didn't worry about the time to repay the investment but instead how much it reduced ongoing cost. A good example is water. I spent 5k on two rain tanks custom made for limited space. Now I don't need to spend $20 a week on water. Once the inflation makes that outlay worth less it will be a good deal.
When all your wealth is a pile of sticks on a postage stamp lot, what could go wrong?
Which other countries would have the means to stimulate their local economies? Very few left in the world that have any availability left for credit increase without triggering hyperinflation…
I like how you be
say it like it is mate
U are pretty Kewl
I agree with you mate I feel ya mate I feel ya