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Australian Economy shrinks 0.5 percent September Qtr

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posted on Dec, 6 2016 @ 07:31 PM
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The full story is available at this link

http;

Annual growth comes in at an aneamic 1.8 per cent
trade is down,construction and business investment are very weak.

Why doesn't this surprise me with an ex Goldman Sachs employee as Prime Minister all his treasurer Morrison and finance
minister Mattias Goering can think of is raiding peoples retirement plans and picking the pockets of the sick,disabled and
elderly to pay the national debt.

Thankfully entrepeneur Dick Smith has joined up with Pauline Hansen and her One Nation party...this might be my countries last hope
both major parties now have the same policies masters and are effectively to busy at the trough to have a plan for the future.




posted on Dec, 6 2016 @ 07:49 PM
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a reply to: khnum

But they said on the news the other night the economy was going well right now, surely we can trust the MSM, they would never propagate "fake news" to the people... anyone can tell the AU economy is stagnating right now and no party will even acknowledge it. Taxes are going through the roof and living costs are becoming ridiculous. Everything is fine though, nothing to worry about. We just need a tax on sugary drinks like the government says and everything will be alright.



posted on Dec, 6 2016 @ 08:06 PM
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a reply to: ChaoticOrder

Parliamentary pay rises- 2012 31.3 percent,2012 3.0 per cent,2013 2.4 percent 2016 2 percent a backbenchers wage on average has gone from $150427 to 199040 in 2014 dollars the áverage' wage for us peons is $78832 before tax up from $74724 in the same period about a 5 percent increase in 2014 dollars.

Not all of us are struggling politicians are doing quite well.
edit on 6-12-2016 by khnum because: boo boo



posted on Dec, 6 2016 @ 08:12 PM
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a reply to: khnum

Wow, a 31% increase in 2012? I knew they regularly increased their own wages but that's a bit ridiculous. This is why it's very rare for a government to ever escape debt, they are always growing their power and size, increasing the size of the military, enacting more social programs, paying themselves more, they have absolutely no idea how to manage a balanced budget and I truly doubt they have any intention to balance anything because in today's age it's all about living on money you don't have as if there were absolutely no consequences to it.



posted on Dec, 6 2016 @ 08:18 PM
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a reply to: ChaoticOrder

Yep 50 billion on manned submarines due 2050,the German U boats are only a fraction of this cost,agencies like Darpa are now making unmanned subs and sub hunters,that wasn't about meeting the navys needs it was a South Australian corporate welfare program designed to keep Liberal ministers in their job what the Americans call pork barrelling,they tell us to tighten our belts when they partake in this sort of nonsense.
edit on 6-12-2016 by khnum because: spelling



posted on Dec, 6 2016 @ 10:18 PM
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The treasurer was just on buzzwords' jobs and growth' used many times nice neuro linguistic programming but no details of any plan and blames the opposition who haven't been in power for 3 years...usual performance




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