So we were just named the happiest OECD nation. We have a strong dollar, gold-plated Credit Rating, low unemployment, Resources Boom.....
We are very lucky to be in this part of the world. China helped us get through the GFC without any trouble. We are the best positioned Western Nation
heading into the future. China is predicted to overtake the US as the worlds largest economy in just a few years and we are their second best friend.
We have been strengthening ties ever since Paul Keating was Prime Minister in the 80's. Even before that but Keating was the guy that really put a
focus on Asia.
I think Paul Keating was a great Prime Minister. Nobody has a good word to say about him other than parroting "the recession we had to have". We did
need that recession. It allowed the nation to right itself. Keating knew that. I bet he feels like punching a hole in peoples faces when he hears "the
recession we had to have" parroted by parrots. He would know he was right.
Interest rates are the big thing. They must go up right now, not down. We need to deflate the balloon before it bursts in our faces. Instead,they are
kept as low as possible. They want us all in. Then, bam
Our Property Market is the biggest ponzi scheme on the planet. Our houses are ludicrously overpriced. They use things like 'first home buyers grants'
to keep the scheme going but you may have noticed the scam is drawing to a close. Do not buy a house anytime soon unless you want to live in it for a
very long time. They have been increasing since about 1990 and its come to an end. Prices will drop.
The main thing that I think could trigger a massive collapse of our awesome economy is 'covered bond legislation'. The Labor government pushed this
through last year while all the clever Australians argued about Boat People. The media was basically silent on the issue despite the fact that this
legislation is very very risky. The Greens mentioned it but who listens to them? The labor/liberal duopoly was silent. They wanted us arguing about
Boat people as usual.
'Covered Bond Legislation' is taxpayer backed bonds. Australia is seen as a rare safehaven is a shaky global economy. The bonds would be selling well.
Now what will happen is, if the next GFC does hurt us and our Banks should fail, now we must add this untold growing mystery number to our 'national
debt'. This is the exact same way the US Banks destroyed Greece and Spain.
At the start of this year, 36% of Greece’s debt was held by taxpayer-backed institutions (ECB, IMF, EFSF). By 2015, following the voluntary
restructuring and the second bailout, the share could increase to as much as 85%, meaning that Greece’s debt will be overwhelmingly owned by
This could now happen to Australia. Who knows what our potential debt will amass to? Gillard and the duoploy has sold us out. Now when the GFC comes
around again we will be even further connected to the mess that is Western economies. They will drag us under.
The other massive problem we face is our alliance with the United States. If they were really our friends they would not be risking our friendship
with China by being so aggressive with thier military in the pacific. Obama says the focus of the future for the US military will shift from the
Middle East to the Pacific. WTF? Why? There is no problem here. Why cant they shift focus to Mexico or something? Why do they have to annoy everybody?
The US Marines being sent to NT has angered China. I can understand that. America has already damaged the relationship that we have with China. They
risk drawing us into War on our own shores. They risk our economic future. The US are terrible friends to have. There is no need for them to be
sending marines here and talking crap. If they were really our friend they would not have put us in such a difficult situation.
anyway, because of the United States our future is not as secure as it should be. Everything might seem great right now and it is,but in reality,we
could be in for big trouble.
We need to stop selling Taxpayer Backed Bonds. We must ask the United States to use the Phillipines if they want to annoy the Pacific and make sure
China knows that we are their friend. We must address the issue of the Property Market and try to ease it back in an orderly fashion.
Those are our biggest threats-
1 - Taxpayer Backed Bonds
2 - United States Military destroying our friendship with China and in turn,our economy.
3 - Property Market.
Bob Katter from the new Australian Party will not sell us out like the duopoly. I would rather Paul Keating but Katter has some great ideas and I know
he will address our big three issues. Gillard will be long gone by the time the Covered Bond Legislation thing blows up. The only person that will
protect Australia instead of selling it out by pandering to Americans for no good reason is Katter. Katter is for Australia. Katter is for the people.
He will also take on our big two corporations, Wesfarmers and Woolworths. Katter has some great ideas. We really need to elect katter if we want to
protect ourselves and find genuine solutions to our potential future problems or things will be worse than 'the recession we had to have". We need a
mini-recession right now to right ourselves. Things could blow up in our faces soon and we are not doing anything about it.
edit on 28-5-2012 by Germanicus because: (no reason given)