Australia Is... Stuffed...!

[@jeffDwyer1]

As someone living in Sydney. These are the things i realise house prices and cost of living is insane and salary will never catch up, taxation system here are meant to never make you rich. more and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Australians find it tough to own a home too, leaving them without a place to retire.

[@Jakepattison42]

Things are a bit strange right now. Inflation is making the AUD weaker for buying things like basic needs, but it's getting stronger against other stuff. So, stuff like stocks, houses and precious metals aren't doing so great because folks are putting their money into banks for safety but I'm worried about my retirement savings losing value fast.

[@dandeother8621]

Exact reason I am leaving

[@wmwoods-l4f]

If you are in cross roads or need sincere advice on the best moves to take now its best you seek an independent advisor who knows about the financial markets. It's better to hire a skilled financial planner especially if you're not one yourself. I hired one after my retirement pension took a hit in April due to the crash.

[@Derekhoffman312]

Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?

[@wmwoods-l4f]

I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Annette Christine Conte" I've worked with her for some time and highly recommend her. Check if she meets your criteria.

[@peteseed5383]

No accidents here. This was a deliberate plan over decades from both major parties to enact an international agenda. No one could be this stupid for this long,even an idiot has a good idea every now and then.

[@jasonlind6363]

When they put out a coin celebrating the United Nations doing 75 yrs of peace keeping here, you know you’re a captured and occupied nation. Look at the acts going back to 1946&1948. Changing us from civilians to citizens. Slaves

[@cranegantry868]

100% correct, I've been aware of how both major parties have organized for their global masters, they make laws in turns towards the goal. We think we get a choice (vote Labs or Libs) but it is the Unaparty with leading politicians in both parties doing the bidding of the "Globalists".

[@cranegantry868]

100% correct, I've been aware of how both major parties have organized for their global masters, they make laws in turns towards the goal. We think we get a choice (vote Labs or Libs) but it is the Unaparty with leading politicians in both parties doing the bidding of the "Globalists".

[@cranegantry868]

'They' already deleted what I posted, within a few seconds. I posted again. 3rd post attempt. 100% correct, I've been aware of how both major parties have organized for their global masters, they make laws in turns towards the goal. We think we get a choice (vote Labs or Libs) but it is the Unaparty with leading politicians in both parties doing the bidding of the "Globalists".

[@cranegantry868]

100% correct, I've been aware of how both major parties have organized for their global masters, they make laws in turns towards the goal. We think we get a choice (vote Labs or Libs) but it is the Unaparty with leading politicians in both parties doing the bidding of the "Globalists".

[@MrtavLadanSutra]

Australia is no longer a country but economic zone.

[@paulfri1569]

Bingo 😢

[@fengels1004]

@@MrtavLadanSutra It was never a country, it could never defend itself. So, we sold our treasure for a half promise of protection and lived off the remainder. While our population was small, we lived well. But we are currently changing that leaving each a smaller piece of the dividend of being the only continental nation on Earth.

[@aum82]

A militarised resource extraction zone

[@carlosalves4444]

To a point, but that's only part of the storyt, the truth is we have been badly mismanaged by the Uni parties lab/lib who are following a globalist directive and consequently selling us out to the globalist NWO WEF agendas 2030. We need an Australia first PM who isn't scared of soaking up the status quo.

[@fengels1004]

@@aum82 No just a resource extraction zone masquerading as a country. We really have no military, a few fellas with guns, 73 M1A1 tanks though!

[@biggles5633]

Australia is more than stuffed, and in every way! It is not the wonderful country that I grew up in during the 50s, 60s, 70s and 80s. We lived in the best country in the world back then I'm ashamed to be an Australian now. Economic mismanagement on a staggering scale, Wokeism, political correctness, mass immigration and bureaucratic overreach; all amounting to a significant decrease in the quality of life and the standard of living. Lucky country? My foot!

[@Fishfingers-q5n]

I agree that Australian was a great place to grow up in during the 70s and 80s. Yes it’s changed but I would not say I’m ashamed to be an Australian. You lost me when you mentioned the word Wokeism. Honestly? Perhaps having an understanding of the meaning of the word before you decide to use it. So many people think that woke is something terrible. Being woke is about being aware of injustices and unfairness and doing something to correct it. I would much rather be awake and aware than asleep and ignorant.

[@Jamo2404]

I’m with you. Very much a case of the road to hell is paved with good intentions.

[@MASC440]

Yep - I'm 55yo - agree 100%

[@MASC440]

@@Fishfingers-q5n You've been fooled

[@tonyp2865]

Ashamed only because we have a lack of leadership.

[@deniserothwell6325]

All deliberate and planned.

[@tobybrown1179]

A rich man’s trick

[@garth19791]

Please explain how ?

[@pietro4772]

Everystein Singleberg Timeowitz.

[@realsydney7327]

100% correct, I've been aware of how both major parties have organized for their global masters, they make laws in turns towards the goal. We think we get a choice (vote Labs or Libs) but it is the Unaparty with leading politicians in both parties doing the bidding of the "Globalists".

[@66Dmarc]

All roads lead to Rome

[@SamLukie]

The rot began when houses became an investment rather than a family home. Aided by our governents.

[@38skippers]

We are the WEF test base.

[@dagoelius]

All 5 EYES nations are.

[@tobybrown1179]

Canada is right up there too

[@turnyourbacktoit]

​@@tobybrown1179 Britain has fallen. Protection of criminals Incarcerate the public for speaking out.

[@petemonster1]

Our Uniparty is constantly passing Bills that demonstrate this. We have compulsory voting with a disinterested electorate who just vote for something familiar ie the Uniparty. I can only hope more wake up and take responsibility and prevent Uniparty majority in 2025 with more voting for Libertarian, UAP, One Nation, etc but per this video, they employ more and more on the government purse and once you're addicted to the government for income, they pretty much win.

[@revalationrevaltion9291]

Since 60 s with Menzies who sold us out all pm wed had had too tow the line Henry Kissinger came here at midnight at Richmond air base to clinch the deal .they knew were layed. Back with NZ a test case we were elites couldn't do it too Europe South America aisa wild . We were perfect

[@meredithcampbell1675]

While people sleep their country is sliding away! So are their freedoms

[@Jo-ann257]

Lol

[@ClovisPoint]

yep

[@johnsergei]

NA! police & troops instructed to turn on the people, huge fines, house arrest, even physical arrest. She'll be alright mate???????????????

[@florinvoicufv]

BlackRock is the master Aussie will vote for their puppets It will take at least 20 years until the Aussie woke up but it will be too late. We will never recover.

[@JamieNelson-v4f]

You just copy people no individualism whatsoever

[@william6223]

What about, no, and Hell No?

[@1986tessie]

​@william6223 No? Hell NO? What can YOU do about it?

[@homeandhosed8839]

I can see everyone awake except the left in Australia.same worlwide. Seems ur still programmed to believe WEF holds power over u. Sad ur so weak. I’m an Aussie but I’m free. I work for myself, grow my food, live coastal. U just whinge. So who’s awake? Me living independently or u? 😂

[@Someb0dy1Day]

And what puppets would they be? Crazy conspiracist much?

[@khoavu1341]

Australia is cooked

[@JamieNelson-v4f]

Yes because all the adults want to play video games not actually participate

[@VictorDucco]

We can still uncook it if we stop thinking "she'll be right" in the hands of the obviously sleazy party leaders!

[@matton36]

@@VictorDucco The time to start uncooking was in the 1980s, we are well done at this stage.

[@VictorDucco]

@@matton36 True for some. Not me! I have seen it all before and believe me those cooks are all cowards and will run once you come in with a fire extinguisher!

[@JamieNelson-v4f]

@VictorDucco everybody hates the politicians but no one's willing to become politicians themselves because they're too busy playing

[@GuyMorris-oq2zp]

It has always amazed me that people honestly think Politicians know how to run anything, especially when they have never run a business. Many decades ago we may have had people that entered politics because they honestly wanted to make improvements or make things better for the country. Those days are long gone and what we have had for some time is politicians that are there for themselves and what ever personal gain they can get. Take a look at our current crop of polies, have you ever seen a more self centered, self absorbed bunch of Wankers in your life. They don't care what they do to us or the country, they are solely there for themselves.

[@charleyhorse6346]

Obviously removing ancient history and the classics from education worked a charm.

[@smiffyLevel6]

Bravo, it’s the same the world over so it’s not just Australia that is screwed and unfortunately the bureaucrats have taken over look at all the stupid cycle ways, road humps, roundabouts and reduced speed limits all imposed without consultation or regard.

[@Frank-v2j3i]

Exactly what happens when you outsource responsibility. Today's pollies you mentioned are just a reflection of wider society.

[@NeoStart20]

ultimately people cast the vote, if whenever that worked. It’s a systemic structural issue. When there was no real competition, AU being at the top of the food chain, it’s fine, good life, let’s share altogether (50s - late 90s). When the world is rebalancing, the global south is catching up, pressure is on, western countries’ real management skills are on the display, it turns out they have no management skills…… when they can’t complete, they lie, and they divide.

[@elsol1176]

Well we are a first world country and we are probably top 5........ It hasn't been all bad hahaha

[@lornacarlos]

This is the first time that Australia has become an embarrassment. The lucky country is no more.

[@JotvlaYeusk]

Nonsense. People still living it good.

[@Oznz-m5c]

It never was lucky.... people believed that fallacy since the convicts.

[@FraktalPriest]

Hardly the first time... *EDIT* I'm still privledged tho.

[@UteChewb]

You know the full quote? It is not a compliment: "Australia is a lucky country run mainly by second rate people who share its luck. It lives on other people's ideas, and, although its ordinary people are adaptable, most of its leaders (in all fields) so lack curiosity about the events that surround them that they are often taken by surprise." -- Donald Horne. Typically, people quote just the nice sounding few words and ignore the rest.

[@petecommanche9344]

If you think this is the first time you know nothing of Australian history mate.

[@kevinburke9255]

Yep. summed up perfectly... we are stuffed, and the clowns in Parliament on both sides of politics have ignored the alarm bells & sirens, they have all been to busy playing politics at our expense.

[@puppets.and.muppets]

the west has been communist ever since banks cancelled the free market in 2008 - DURH !!!

[@fengels1004]

Mate, election after election we voted for those clowns. We got the government we deserve.

[@turnyourbacktoit]

​@@fengels1004 ALP received 32 % of primary votes. We need to vote Greens out of parliament, sending a huge message to both parties.

[@stephenw2992]

Every time the Libs try and fix debt the Labor Greens and unions do nothing but complain about it. Now we have inflation thanks to both parties behaving like the Labor party on economics.

[@cranegantry868]

100% correct, I've been aware of how both major parties have organized for their global masters, they make laws in turns towards the goal. We think we get a choice (vote Labs or Libs) but it is the Unaparty with leading politicians in both parties doing the bidding of the "Globalists".

[@Deano00777]

All we do is build and sell overpriced houses. Can’t buy a pair of socks made in Australia.

[@Eesha582]

Our politicians are corrupt.

[@501pj]

He is right. We have no manufacturing industry, the defence force is non functional, the education system has been failing for twenty five years, the health system is not coping, our currency is collapsing, our national character is being sabotaged from within.

[@goyindi]

the defence force is not non functional. you have no ide4a what you are talking about smfh

[@501pj]

@goyindi I'm a former Naval officer. I know exactly what I'm talking about.

[@davidkennedy4845]

Australia (an island) and it's economy, is like a boat without a rudder and an engine that won't start. Just bobbing around in the ocean, vulnerable to any greater power who might decide they want to pillage it. The economy is of no value, but the resources are a very different story. Negligence at the helm for decades has brought us to this. It seems the average voter doesn't understand the consequences of rusted on voting, ("because we have always voted this way and always will... just because"). To borrow something from the USA: "Ask not what your country can do for you , but what you can do for your country". Don't go looking to any government, federal, state, local council to solve problems; they are likely the cause of them.

[@Lifeisshort-wealthylovewell]

Stuffed more like Faarked

[@catey62]

Agree 100%

[@matmac888]

@@catey62 and sideways

[@trevorinthailand]

😮😮😮😮😮😮

[@Shyguy71588]

As an Australian, I've never wanted to move overseas so bad. Our country doesn't even stand for anything anymore. Corruption everywhere, but of course, there's no solution.

[@PaulDickson7]

Things were fairer before 2019 imo, greed has well and truely taken over. Nothing has value in Australia anymore.

[@puppets.and.muppets]

the west has been communist ever since banks cancelled the free market in 2008

[@Billy_BrownCow]

I don't understand debt. I'm not greedy or needy so 🤷... I understand the monetary fiscal policy is based on debt - I just don't need anything other than money for a house. Since I worked this out since 2012 (mind you I'm 31) I've been protesting Occupy Wall Street. 2016 is when I got sick and began to wait for surgery went from an ambivert to full 18 hours a day introvert and got trump into presidency. Cause a flood of people in the streets 2020-21-22.

[@patkennedy1]

You must have slept between 2013 and 2019. 🙂

[@ibika9457]

Except ones investment property!!.

[@fengels1004]

@@PaulDickson7 No, things weren’t fairer, they were just veiled by accelerating asset prices. Remember this growth regime has been ticking away for two decades.

[@GetAngryy]

Unpopular opinion: Australia could NEVER afford the NDIS.

[@sylviam6535]

People sad that it would become runaway spending when it was proposed. They were correct.

[@mariemiller8740]

I know and a lot of people have work through that scheme, I did some work through them to,for disabled.

[@Jamo2404]

I remarked at the time it should be called the NDWS…National disability welfare scheme. Because that’s what it is, and as sure as night follows day it was always going to metastasise like cancer

[@OzBloke]

It’s like most similar schemes. In principle a good social idea, but soon exploited and ripped off by those who don’t really need it and supported by money grubbing shysters. Add in a bureaucracy that feeds and grows off it all at taxpayer expense plus a Government that couldn’t run a Pub Raffle and it becomes a very expensive beast. 😏

[@michaellloyd8594]

@@mariemiller8740 Thank you for contributing...to the problem! And, I'm glad you benefited from it, I think?

[@jessekoch3480]

One of the best grassroots update you have reported about the flailing economy in a while.

[@SJ-ds8lp]

Australia economy: providing coffee to each other, with leisures activity floating by housing bubble kept afloat and pumped up by immigration.

[@barseico]

The LNP Economy = I mow your lawn, you mow mine. I make you a cup of coffee you make me one - it all adds to the GDP this way 😂

[@friendlyghostkinda]

@@barseicodon’t buy the binary 😊

[@glennoc8585]

Look at the new migrant vids here on youtube.... 'Australia has great coffee' I kid you not this was on the top 5 list of one English vlogger.

[@matmac888]

don't forget the AVO toast !!! and instagramers telling everyone to move to the Gold Coast.

[@user-uh6lm5wv6n]

​@@glennoc8585Yep. When you see those articles that say Australia voted the most desired country to live in, 98% of people that contributed to that survey result are either Indian or Sri Lanka's who visited Sydney for a weekend and stood in front of the Opera house

[@woodliceworm4565]

Australia has become India - well done

[@Jacobs-pillow]

What about china.. come on get it straight..

[@pontiacssholden2032]

@@Jacobs-pillow China want our land and water,Indians want taxpayer$$

[@bah667]

Trump wont be kind to Australia. We are so woke now and we are seen as weak and irrelevant. Peace

[@amraceway]

He sure wasn't kind the last time. He sank the boot in whenever he could and that had nothing to do with the myth of woke.

[@feral4mr2]

So he shouldn't, we need to be taught a lesson for our stupidity.

[@amraceway]

@@feral4mr2 For following extreme right wing capitalist ideology?

[@patkennedy1]

"Woke"? Oh please. No place for your MAGA talking points in this country! Trump is just a self-obsessed fool, and convicted criminal, and cannot be counted on for anything, for anyone. He won't last long, and will possibly do unrepairable damage to the US economy. The fall-out from that will be more of a problem here than any of Trump's other bizarre anti-democratic nonsense. The whole world will be negatively affected by the Trump presidency.

[@kyus1974]

Trump wont be kind to the US either.

[@GoldenShekle]

1974 LIMA AGREEMENT

[@petercocks7209]

We saw wool mill shut and most of the industrial production of everything being sold off and shipped their machines overseas 1975-6 and we had major unemployment Not many industries stayed as cheaper overseas Our government at that time destroyed our prosperity

[@jasonlind6363]

Don’t forget they destroyed the great seal of the commonwealth in 1973, closed the prime minister’s office and merged it with federal cabinet. Then created “Australia “ with a fake queen. Bye bye commonwealth all the way back then. Zero shits given about that. No pitch forks or torches. Que de tah

[@brenohighland3259]

your onto it

[@jasonlind6363]

@@GoldenShekle 1973 treaty of Rome, 1973 destroyed the Great seal of the commonwealth, replaced by the great seal of Australia, made up a fictional queen of Australia, this led to the Lima Declaration. Oh and I forgot, 1973, closed the prime ministers office and merged it with the federal cabinet. Bye bye commonwealth. Just a corporation after that date

[@richardburian2516]

Yup Lima n Hitman Whitlam

[@miniskyweb]

Deindustrialized country cannot have a high living standard by definition. Making oat lattes all day cannot compete with manufacturing a car or a plane in terms of productivity. When the complexity of the economy index is on par with Angola, don't expect to have much different living standards. The Resources sector has to be state controlled (joint ventures private and public) just like in Russia to create a favourable manufacturing environment, so energy has to be dirt cheap and Australia can have plenty of it. The problem is private energy companies profiteering on the energy crisis in Europe that has nothing to do with Australia at all. Energy companies are parasites feasting on a host with little regard if a host dies.

[@woodliceworm4565]

Just like Russia - not a good model to quote - how about how Au and NZ were in the 40-60s that worked.

[@miniskyweb]

@woodliceworm4565 the past can not be relived. This is why MAGA is doomed. Ultimately it's a colossal government failure and lack of policies that led to deindustrialization of the country and turning it into a resource colony and agrarian economy. Why is Russia a bad example? Do you know a lot about it? Like the facts and not what the Murdoch press is feeding everyone here. Take Belarus for example. Largely agriculture based economy but manufacturing all necessary heavy farming equipment, tractors, even busses. This is a tiny country with a population of Sydney and Melbourne I remember Australia was laughing when the Belarusian president "presented" Putin with a modern tractor for his birthday. Of course it's symbolic. Who is having a last laugh now.

[@dudemanismadcool]

Exactly. So we will have all the problems of over-populated cities but we will be worse off because we have gone so far to relegate so much of our food supply (and services at large) to the monopolies. At least in other poor nations you will find an abundance of markets and street food. You will be poor but you will be only able to eat what's at coles. Factory farmed Aussies.

[@brenohighland3259]

120% correct

[@MariahKatrinaCantone]

LABOR HAVE TO GO, WE'RE IN A BIG SHIT HOLE AND DANIEL ANDREWS NEEDS TO GO TO JAIL

[@Alig3388]

😂😂😂 you cooker. Who TF still cares about Dan bloody Andrews.

[@bunyip5841]

Not just Australia is it Martin? Neoliberal economics, the obsession with the private sector as the solution to all problems, obscene levels of wealth inequality have rotted out western countries that embraced the model.

[@2bNot]

Well many of us know exactly who is behind all of this. The ones we cannot criticise or hardly mention, despite the huge death toll of defenceless, trapped people.

[@stephman02]

Unlikely story … bigger inefficient government and wealth redistribution rewarding poor choices over merit has never worked, but hey keep on digging that hole, I’m sure you’ll get to eat the rich real soon… and your ilk always have those same handy scapegoats to blame 😅 “Socialism is the creed of ignorance, the politics of envy and the equal sharing of misery”

[@Alig3388]

The rich?

[@DarrelAndrews-m2y]

A houses and holes based economy, stimulated by government cash splash debt and big immigration, and falling resources revenue, what can go wrong?

[@mickmccluand4677]

At the same time reducing energy production.

[@jamesgizasson]

​@@mickmccluand4677That seems to be happening Europe, and I know personally it's happening in the US. We're breaking down dams and decomissioning nuclear and fossil power, at the same time calling for more energy for EVs and all electric appliances. The cost will be outrageous, and we can't support the demand as it is. Can anyone else weigh in from across the globe?

[@williamcrossan9333]

Unfortunately nothing. I need the whole thing to break, but it stubbornly holds strong.

[@DarrelAndrews-m2y]

@@williamcrossan9333 it will break and soon .beware a long and protracted depressio.A 1929 to 2939 depression but on steroids !

[@MrGaZZaDaG]

Norway makes more from selling gas than Australia, yet we export like 10x the amount... How are we this stupid

[@briannewman6216]

While the city of Canberra has been growing at a record pace the rest of Australia has been going backwards.

[@fengels1004]

The ACT, basically Canberra, has by a substantial margin, _the highest per capita income in Australia._

[@Billy_BrownCow]

It would be funny if people stood around act. Till the cow comes😂 home.

[@gore1089]

Because they're had a Labor government for 20 years. Even the libs prefer living under a Labor gov. Electricity prices are the cheapest in the country thanks to renewables

[@gore1089]

Because they're had a Labor government for 20 years. Even the libs prefer living under a Labor gov. Electricity prices are the cheapest in the country thanks to renewables

[@clivesutcliffe487]

@@fengels1004 I thought that was the point he was making, all those worker bees feeding the queen bee.

[@jimibarberman399]

Australians are struggling to afford rent and groceries, whilst they're buying 14 million dollar sculptures. what's wrong with that picture?

[@pontiacssholden2032]

Albo got nice new home though with a 100 mill driveway,no bumpy roads for magoo

[@powertrip1050]

yep, the slide started under weasel John Howard...both major parties are completely subject to the corporate lobbyists - and used the stupid short-sighted greed of the average Aussie to make sure miners, banks and media got richer and richer. Stop immigration for a few years; actually impose a cost for removing resources; impose taxes on large businesses; remove negative gearing. This will bring a significant increase in government revenue, provide housing for Australians and provide money for investment, healthcare and education. Who'd have thought....?!?!..but we know what is gonna happen - the wheels are gonna come off.

[@2bNot]

Yes your suggestions are very good ones that we all wished for but very badly disappointed to be so betrayed on every single one of them.

[@trevorinthailand]

The wheels have been off since 1788!!😅😅😅😅

[@powertrip1050]

@@trevorinthailand certainly true from one people's perspective....and probably just bloody true in any event. 😀

[@hollandp9606]

Thank Morinson for their incompetence. It will take years to fix their ridiculous policies. Dutton is no help. He’s a millstone around Australia’s neck.

[@Unbearable.Unbearable]

True. Along with the procession of grubs before and after Morrison.

[@markboman7258]

Both parties are terrible this is the problem people like yourself who believe one party is better than the other

[@BozoMcGinty]

Try living in Victoria after yeeears of mismanagement, corruption and incompetence by Labour. There is a mass exodus from this state making it 10 x worse. We’re out

[@Endelite]

@@markboman7258 It's OK to think both are really terrible but still offer the personal opinion that one has been even more shit and they above may well agree Labor (and the rest) are also shit..

[@markboman7258]

@Endelite can you speak english

[@d-munn]

Australia's growing reliance on an expanding non-productive labor force plus, a desire to import a cheaper productive labor force is unsustainable. Symptoms of the economic decline of the West.

[@cranegantry868]

100% correct, I've been aware of how both major parties have organized for their global masters, they make laws in turns towards the goal. We think we get a choice (vote Labs or Libs) but it is the Unaparty with leading politicians in both parties doing the bidding of the "Globalists".

[@Bristolcentaurus]

manufacturing uneconomic goods is unsustainable as it creates Zimbabwe economic conditions with 150% plus inflation

[@robertmartin8436]

Deliberate global policy, global agenda to screw this once amazing country. I will vote One Nation.

[@matmac888]

You can't get anyone to do a proper job anymore !!!

[@markbeale7390]

Not according to Garry McDougall ¿

[@Jsmithyy]

One of the biggest reasons we are faaarked is allowing dirty washed money from offshore to buy real estate, allowing manufacturing to dissapear, I think more than 30 percent of workers work for the government another 30 percent propped up by government rent assistance etc this leaves 30 percent paying the taxes that pay these wages and we're sick of it.

[@beewest5704]

I knew it was bad when S.Africans who immigrated in the 90's are now talking about returning.

[@jonathanparle8429]

I lost what faith I still had left in the Liberal Party after living under the worst Liberal Government of my lifetime. That of course was the Morrison / Frydenburg Government who succeeded in destroying the economic credibility of the Liberal Party and effectively rendered them just as bad as Labor when it comes to economic management.

[@cranegantry868]

100% correct, I've been aware of how both major parties have organized for their global masters, they make laws in turns towards the goal. We think we get a choice (vote Labs or Libs) but it is the Unaparty with leading politicians in both parties doing the bidding of the "Globalists".

[@patkennedy1]

"The economic credibility of the Liberal Party"? "Just as bad as Labor"? Biased, much? What you mean is, the so-called 'conservatives' lied to you all along, but you only just worked it out. "Faith in the Liberal Party" was only ever an expression used by the hoodwinked. Totally agree that Labor aren't perfect, but they always get to clean up the mess created by the dishonest 'conservatives', who are now a radical right-wing joke under Dutton.

[@robertmartin8436]

No difference between them, neither serve nor have the slightest interest in Australians. The betrayal in favour of the Globalist interest is total and absolute..

[@step1drag1dwnunda]

Ah yes, the all powerful SECRET minister for everything, now ex Communist dictator Morrison. He gave us Robodebt, sold Port Darwin to the Chinese, more debt than Labor ever did, impressive. Exercised his communist secret powers as well. What a leader.

[@jackabubba]

Lets not forget how Eybows Howard was voted in quoting "no GST", then akllk of a sudden, GST and a 50% reduction in capital gains tax....

[@zanart21]

If we could just get countries to pay fair prices for our resources and stop giving our gas away to Japan who actually on sell it to other countries. Then we’d have enough money to support Australians. Oh and you mentioned how we give money to Ukraine that’s money thrown away because they will never win against Russia. Zelensky should just sue for peace.

[@JJRM8]

Probably Zelensky will be forced to compromise. The more Ukrainian's hold on to their territory the better deal. Then there's the wild card Trump.

[@AsurmenHandOfAsur]

Spot on! Martin interviewed Leith van Onlsen a while ago and he said Australia should be richer than Norway but we squandered our National Wealth. Norway taxes their fossil wealth at something like 80% I think that's what Leith said. We should have a Future Fund MUCH larger than Norway's by now if we had taxed it properly. Australia would be the richest country in the World but our politicians sold us down the river so they could get high paid Corporate jobs after Politics!

[@JJRM8]

@AsurmenHandOfAsur Don't forget it was both ALP and LNP who sold us out.

[@Skullhunter30]

The amount we get for our resources has increased by many fold in the last 20 years. It doesn’t really trickle down, and if our economy is still in the toilet, we have way bigger issues than just being short changed for resources.

[@MrtavLadanSutra]

Other countries look after themselves why should others look after us.

[@cranegantry868]

15 people in a one bedroom unit. 10 people per room in dorm rooms in houses (30 to 40 in a house), 3 families in a one bedroom unit, families living on balconies too, yes, on a balcony. That's Sydney today.

[@pietro4772]

I know of a nurse renting out an enclosed balcony of a terrace house in the inner west of Sydney. Turd world stuff.

[@cranegantry868]

@@pietro4772 What country is she from and how long has she been doing that?

[@pietro4772]

@@cranegantry868 She looked Australian. This is in Sydney. The terrace house is owned by an old Spanish man who spends most of his time in Spain. The terrace had been sectioned into 5 independent residences. The balcony even had a cooktop. Every time it rains the electricals short circuit. This is the state of rentals in Sydney.

[@matmac888]

are you talking about India????

[@tranquilvortex]

Living it. But the Govt just gave $32.5 million to the people we cannot name. Many Australians are living in tents and motorhomes, and the number is growing weekly. Everything is so expensive. Our wages have not increased. There are no houses to live in but immigration is high. Fascism is here Down Under. Don't bother coming it is not the Lucky Country any more.

[@Ryancole0]

Not to mention the 35 billion on subs 😂

[@tranquilvortex]

@@Ryancole0 True dat! F'ers! $35M on subs that will probably leak. And the tax on wages is now going up. They lost revenue from the ciggies and vapes. NOT the Lucky Country.

[@no-body-22]

What people ?

[@dfor50]

I am surprised immigration levels did not get a mention.

[@MishMacky]

They were

[@dfor50]

@@MishMacky My bad.

[@BizRon-dm8ye]

Dassrayciss mate!

[@peterstock6241]

Welcome to little Aus India 😮

[@captainsleeman9787]

Born in the 60s, glad to have been so fortunate, but sorry for my kids.

[@BizRon-dm8ye]

As a gen X I admire you mate, the first boomer who admits it, and doesn't put it down to your incredible hard work and genius, instead of the reality of buying your home with the money you found in your lounge. As an xer I can admit I have it easier than those who came after. We had to scrape the lounge 3 times.

[@chrisburnett4742]

Chalmers wasn’t the luckiest of all treasurers. That mantle goes to Peter Costello. The myth of the wonderful Howard/ Costello years that have been much lauded was based on a mining boom that fed them revenue and their subsequent political choice to use that revenue to hand out tax cuts to the rich, thus creating a deficit in times of milk and honey. Other countries, like Norway, used the resources boom to create sovereign wealth funds to see them through tougher times. We have nothing to back us up for tougher times and we refuse to tax our resources fairly because our multinationals sponsor our political parties. You can bet your life that if the LNP are restored to government, they will manage the tough times by smashing those who have the least wealth in our communities. It is the social fabric of our society that will be sacrificed.

[@brenohighland3259]

100%

[@GayleMillican]

We, the Australian people, need to take our country back. The worst thing we ever did was allow the government to privatised the countries assets. There are political parties, other than the Libs or Labour. It’s time to break the monopoly..

[@davidkennedy4845]

Lets not forget the 600million plus dollars that Peter Costello, as treasurer, gambled in a future fund and lost. Seems like most have forgotten that one.

[@TheEarlVix]

Good morning Martin. Listening in from South Australia. Damn hot here.

[@WalkTheWorldDFA]

Hi, wet and windy here...

[@turnyourbacktoit]

And there's your climate change again. 😉

[@JasonISF]

Just had an A/C installed in the bedroom, yep SA has been cooking.

[@jasonlind6363]

I missed it cause I was working on the road crew Thursday. Man that was hot!!

[@robertbusuttil7848]

South Australia is to hot and getting hotter. Move to the beautiful Central Coast of new south wales,,beautiful mountains and forests,,,great beaches and great climate and only 1 and half hours from Sydney. Young Robert.

[@unknownisbest]

Australia is most obedient country for WEF and Blackrock. Why? Aussie leaders are university debating champions happy as Larry to blindly obey any instructions from WEF and Blackrock even if it means wrecking Australia financially.

[@danieltynan5301]

Cut the immigration rate. It can not be more than the house building rate..... The NDIS can not cost the billions of dollars it is costing... Cut gas export

[@LumenAddict]

never betray your country, betray your government

[@jhopsi]

I was born in 88.. grew up in the 90s.. i think the 90s were the last great decade for this country. I loved my country as a kid and had so many dreams.. all have dashed, and now like many 30 somethings, I'm just trying to survive week to week. I'm trying to find ways to save money so when we have tried our best, and I see the final nail being driven into the coffin of our once beautiful natuon, i can leave the country altogether.

[@LTLT900]

I think it was great up till 2012.

[@dumdumbrown4225]

“Australia is a lucky country, run by half rate people who share its luck”, Donald Horne’s words ring truer than ever 60 years after he first wrote them and first coined the oft-misused phrase ‘lucky country’

[@cranegantry868]

100% correct, I've been aware of how both major parties have organized for their global masters, they make laws in turns towards the goal. We think we get a choice (vote Labs or Libs) but it is the Unaparty with leading politicians in both parties doing the bidding of the "Globalists".

[@ArtVentriss]

I would rephrase Donald Horne's famous quote as "Australia is a lucky country run by dopes for the dopes"

[@cranegantry868]

@@ArtVentriss But we have a higher standard of living and more freedoms than you. You sound like you couldn't make it in Australia.

[@GregoryHocking]

The basic problem is lazy rent seeking corporations which have been gouging the public and looking for profit without investing for the future to improve productivity in the economy. Government has been forced to support the jobs of the people and help with cost of living to offset the rampant greed and laziness of large corporations and their hedge fund owners.

[@Skullhunter30]

Maybe we need to find a way to improve the economy rather than just relying on holes, houses and government spending?

[@carlosalves4444]

Yes but the globalist overlords won't allow it. Lab/ lib / greens work for the same boss. Have you noticed that all English speaking and most western nations are all in lockstep with these crazy policies that work against theire own interests. Tell me that's not by design.. .

[@nelsonc3984]

And stop taking orders from the USA.

[@sammaimas155]

Negative gearing needs a complete overhaul, but that won't happen because the elites are the ones with the most to lose. Housing should be for living in.....not for investment... where's the productivity in rising house prices.

[@eat_ze_bugs]

Australia needs more entrepreneurs. We've stopped innovating in almost every sector like we used to. We don't even have a proper migration program for entrepreneurs or business people, that's how much our government discourages entrepreneurship. They only care about bringing in cheap labour to fill the cafes, mines, and farms.

[@brenohighland3259]

we are not allowed

[@smithynoir9980]

The biggest of bad economic policy, imo, was from John Howard when he was Treasurer in the 80's. It was him and the Liberal government of the day that decided Australians and domestic companies should pay import prices on all resources produced domestically. That's right, they and every government (Liberal and Labor) since, decided that you and I, and any business we may operate, will have to pay for our resources at import prices. It's why we pay so much for power and fuel. That which is extracted and processed here is first exported and then we buy it back at a massive mark-up.

[@yvonnedyer8370]

Madness and ripping us workers off

[@chippyjohn1]

Because our resources are mined by US companies.

[@jedg4746]

Same with UK oil, gas and fuel. Yet no sovereign wealth fund.

[@wernerziemerink]

Australia went woke...guess what happened.

[@ReddRubble]

You clearly didn't watch what, 2 minutes of the video?

[@philliplarkin3453]

I’m thinking New Zealand pretty much is to.

[@dougcane4059]

How bout addressing the embezzlement of Australian resources - especially gas?

[@mon1aro]

Just what we need, more government employees and less productive useful people. And while I am having a small Rant, why is the Government giving taxpayers money to business to do things, like batteries etc that should be funded by loans from banks? if it is a good profitable business then i am sure the banks and investors would be on board. just saying......

[@NeilC1963]

Governments at all levels giving money to undeserving areas, for sure.

[@SiNKiLLeR_]

Thank you

[@WalkTheWorldDFA]

You're welcome

[@psidot]

Prof Greene from UNSW and one of his Post-doctoral students tried to get funding back in the early 2000s for the highly efficient solar cells they had developed. No one in Australia was interested, so his post-doc student, who was originally from China, took the idea back to China, and as they say, the rest is history. Australians would rather invest in property, not emerging technologies. How good is Australia!!

[@charleyhorse6346]

This is a debate that goes back to the 60’s.

[@brenohighland3259]

Australia Is... Stuffed. has been since the late 70s

[@grouchoglobe]

Productivity really stopped in the last term of Howard We have lived off the dividend since and hidden inflation in things such as housing

[@bern4679]

Also living by Selling public assets.

[@Skullhunter30]

Would you stop it with this political agenda. Like the video host commented, both governments have coasted on immigration driven growth and the mining boom. Both governments have been equally inept at driving private sector productivity and growth.

[@tobybrown1179]

Imports have hidden the true inflation rate and loss of purchasing power. Toilet paper isn’t even made in Australia anymore for starters

[@pinkenbajedi2119]

My dad said it years ago, we’re all just cheap labour in a big Chinese casino!

[@donavonlarney]

both tyres have blown with sparks flying around the rims economy

[@AsurmenHandOfAsur]

The burnout economy as Tarric Brooker calls it !

[@donavonlarney]

@@AsurmenHandOfAsur i know Tarric called it but it is past burn out now.. there is no rubber left.

[@AsurmenHandOfAsur]

@@donavonlarney Yes the fuel tank has caught on fire (inflation) and is ready to blow (major recession if not a depression) !

[@wmichaelshiberrassw8604]

Don’t worry blackrock will save Australia

[@puppets.and.muppets]

only if they can get their money back out of ukraine,....

[@Billy_BrownCow]

​@@puppets.and.muppets how their populations will never recover. All the hookers and rats ran when the war began. They can easily count their chickens.

[@SausaFarrell-ww5el]

😂wow ,all that power, can't stop wars

[@mayort6548]

@@puppets.and.muppets Nice call. That went South for them, all that 'investment' to steal the most productive farming land in the world is on track to be lost. Their next move is to flood western Ukraine with 100,000 EU troops to force a ceasefire under Trump to stem the bleeding and salvage something.

[@turnyourbacktoit]

​@@SausaFarrell-ww5el It's not a war as such, more a massive money laundering program.

[@LukeJohnson-tw5bo]

We certainly are! Far to many places in rural nsw that wont accept cash. When you have to cancel your card because of fraud, 2 weeks to get a new one is a joke. You can't do anything. Time to sell up and leave this country.

[@JasonISF]

Why won't they accept LEGAL tender??

[@LukeJohnson-tw5bo]

Tried to go to dubbo tip and wouldn't accept cash. Told about the card situation, bureaucracy expects you to jump through all these hoops. No wonder people dump where ever when doing to right thing isn't accepted.

[@pietro4772]

You're not the only one thinking of selling and moving out. Large cities are dying because young couples can't afford a home. Meanwhile there are places in Europe where I can buy a palace for $50,000. Many Australians are buying homes in Italy, for example. I will be leaving on principles alone. I refuse to be part of the $40 billion per year handed over to the aboriginal industrial complex.

[@LukeJohnson-tw5bo]

@pietro4772 I hear portugal is a nice spot where you can pick up those prices.

[@LukeJohnson-tw5bo]

Not to mention how many food places don't accept cash. Mudgee in alot of places doesn't accept cash.

[@fcsanyi]

The entire system is broken and has been broken since conception. Remove State governance, major tax reforms are needed, starting with removal personal income tax, increase of GST to 24%, locking in federal company tax at 10%, conscription to fulfil unpaid, military, law enforcement or social services duty for ages 17-19 no exceptions. Let's make Australia fantastic finally.

[@davidkennedy4845]

She'll be right mate! Someone else can sort it out! When we relinquish our power to solve problems ourselves, we have only ourselves to blame when someone else screws us over. Bad things happen when good people do nothing.

[@jameswillis8969]

Higher taxes and interest rates have depressed the market economy

[@littlefurrow2437]

That's the pissiest take I've ever heard. Minus 1 star.

[@niveknworb]

One could argue that tax cuts for the big end of town is just as inflationary as any other form of spending. If there are no strings attached, then the extra money goes to wealthy shareholders to fund their overseas holidays. As for interest rates? Is there any country in the Western(American ) sphere that hasn't rsised interest rates? Maybe Japan, and look at their financial crisis. Australia is a prisoner of US finance, politics and culture.

[@Bristolcentaurus]

the Scandinavian countries seem to manage with there high taxes and better social services - the lowest homeless rates globally

[@niveknworb]

@Bristolcentaurus really? I am sure l saw ridiculous Scandinavian real estate prices listed on world comparison charts.

[@Bristolcentaurus]

@@niveknworb who's job is it to provide homes for the homeless? Many of the scandinavian models include local government provided housing.

[@crisgong2909]

The rent in all capital cities of Australia is completely an accomplice to robbing the poor and helping the rich

[@petersmith8765]

Can someone tell me why we are paying $368 billion for 3 or 4 nuclear submarines....when America builds them for 3 billion. ..each..

[@bolge7777]

Boomerang money for the corrupt !!!

[@brenohighland3259]

pure greed

[@cloud_n1n3]

Please also explain why "The Australian Government’s August 2020 Australia’s COVID-19 vaccine and treatment strategy committed the government to building a ‘diverse global portfolio of investments to seek to secure early access to promising vaccines and treatments’, using local manufacturing wherever possible.1 Between September 2020 and May 2021, the Australian Government entered into agreements with five vaccine manufacturers to purchase a total of 315.3 million vaccines of different types, with some vaccines being manufactured overseas and some produced locally." 315M COVID vaccines for 25M population = approx. 12 vaccines each.

[@MattBertuleit]

Foul

[@BizRon-dm8ye]

Gotta pay for the seal colony (army of folks sitting in a circle dressed in black and grey going 'urk, urk, urk' to each other and achieving nothing) mate! Nowadays they urk urk at home in their pyjamas doing even less!

[@unknownisbest]

Aussies refuse to believe they live in a third-world country.

[@toni4729]

The government are in China's pocket.

[@TKsolotravel]

The waste of the Albo govt in spending is horrendous. The yes campaign and billions in spending to indigenous and ndis and areas without any concerns of driving this country into the toilet. We have so much natural wealth however one would think we have nothing !

[@user-my8zo8uh3n]

Australia is what it always was from the very start the worlds biggest penal colony prison.

[@nicolelouis8968]

Spot on. I'll never return.

[@ayara8157]

The people are to blame. They keep voting for the same slimy politicians and take no action with their "Aw she'll be right" attitude.

[@juanmomento]

Dead right. As the saying goes: People always have the government they deserve.

[@scottprice1943]

The most overtaxed country in the world, with too big and multi level government. Problem is to fix a politician will need to sack lots of public servants, reduce government at all levels and reduce tax (massive tax reform needed). Cant see any politician doing that 😢

[@Jakez408]

Back in 1950 when this was the lucky country we were all of British descent with some Chinese market gardeners. Then governments started taking immigrants from war torn Europe which jumped at the chance. So why do this if in 1974 all Australian factories were moved to China and all these immigrants became unemployed? This made it very difficult for the Old Australians and their descendants.

[@kevinlinton3582]

Amen. Thank you DFA.

[@TonyStewart-q6e]

Don't despair, with the correct policies and ideas we can do much better with the right policies. It takes guts. The materials market is causing high prices by gouging five times the real value . This is collaboration of the guilds. Same with food. A policy of keeping farmers silent and poor is part of the guilds agender. The outback is very severely gouged. Those million dollars old homes in Sydney Melbourne and Brisbane were built with 50. Hundred dollars worth of materials. The list goes on . Systematic gouging. Corporate engines from all over the world have no conscious. Greed . There are ways to deal with every problem , it would have to be in place relatively quickly so a generation can go by and and a better economy can be in place. One that it's citizens have little to grouch about. T

[@dilligaf2818]

we used to be the lucky country but because of too much immigration, too much foreign ownership, too many refugees and social handouts being paid ,too little for resourses ie LPG especially... too many foreign handouts to countries that couldnt care less about us, trying to be heroes about the climate when the rest of the east & west couldnt give a monkeys about climate

[@davidkennedy4845]

If Australia, and everything on it, sank into the ocean never to be seen again, it would barely if at all even register within the IPCC's margin for error on a global scale. If Australia were to sink into the ocean never to be seen again, we wouldn't be missed. Bring on the catastrophic meteor strike I say! The only true reset! As for being climate heroes: if one turns off the news and ignores mainstream media, the problem goes away. What we have left is weather... and weather fluctuates!

[@davannaleah]

'we have your back'..... And broken it!

[@justinkennedy5812]

I bet,we can still afford an imaginary nuke sub!Am I right?

[@AsurmenHandOfAsur]

Yeah the new US President will probably not sell us any. Blame Malcolm Turnbull for cancelling the cheap yet VERY advanced Japanese subs that Abbott signed up to buy. He changed horses mid race to the French design. We would have some of those new Japanese subs by now, they would be operating! Now new subs are on the nevr never with dodgy ScoMo sighing us up to the most expensive Defense purchase in Australia's history ! Estimates are currently at 268 Billion to 368 Billion when the Japanese subs were only going to cost 30-50Bn ! How will we pay for them if our terms of trade (commodity prices and mainly iron ore) collapse?

[@nelsonc3984]

Yeah, in case our best customer visit us.

[@clivesutcliffe487]

@@nelsonc3984 Our 'best customer' is intent on a takeover one way or another and it's doubtful that a sub would be much of a defence but it does confirm our strategic alliance.

[@robertmartin8436]

This is merely a cover for our political foreign owners to tax us to support their fading hegemony. No-one thinks any submarine , nuclear or otherwise will ever emerge.for our money.

[@jemma_19988]

All the english speaking western pcountries decided to go multicultural and have been in decline ever since

[@toni4729]

OH SO TRUE!!!! Now Australia is in it up to it's neck.

[@zoran1735]

Australia's stuffed like a Christmas Turkey😂 its soooo good to be a witness how primitive empire is collapsing and people are so ignorant to it because of everyone's greed

[@cheryl1909]

A Xmas Turkey 😅

[@gregmelrose9282]

The taxation system favours negatively geared property investment (speculation) rather than investment in productive endeavour including high level research. All the successful western economies and the command economies in the communist world pursue basic research and development ruthlessly and consistently.

[@FinanceStoryTime]

Moved to the United States. Far better country for the white collar aspirational cohort. It's over for Australia and many top earners are living. We don't want to pay high taxes for everyone else’s freebies and the feminist socialist state. Sorry.

[@transhusbando4233]

Which state in the USA?

[@patkennedy1]

"White collar aspirational cohort"? Good luck with that. My nephew has been there for decades, in that same cohort, and he is moving back! I suspect you might have chosen the wrong time to move to the US, with so many unknowns to accompany the latest election outcome. If you are actually a 'Trumper' you might be in for a series of disappointments. Even if you aren't, the once-mighty US is in for a period of profound uncertainty.

[@transhusbando4233]

​@@patkennedy1You think texas is still alright for opportunities?

[@FinanceStoryTime]

@@patkennedy1 far far better. Total compensation is at 700k USD - equal to 1.1M AUD. I’m an America first conservative. Not a betatized Aussie. Moved to Seattle. Far lower taxes and far greater options for tax reduction. Expecting a far right shift in Australia and the rest of the west. It’s time to get back. Australia is a nation for mediocre entitled losers. The United States is not for everyone. Lefty, socialist types need not apply. Trump, Elon and Swamy are going to lead the renaissance of the west.

[@FinanceStoryTime]

@@patkennedy1 yeah nah. Was making the 1%. Out the gate, I’m taxed at 45%, then GST of 10%, then luxury car tax, then stamp duty, then alcohol tax, then Div-293, capital gains, land tax, then interest payments (no fixed mortgages) and inflation. White collar aspirational is paying close to 90% in taxes in this country. Bye. It will take close to 40 immigrants to replace my income if you can find them.

[@dpitt1516]

When MP's collab with multi-national mining companies granting them licenses so they don't pay their due royalties or taxes what do you expect? The Australian people are being ripped off by both Parties who grant licenses - The minerals and gases which are being sold off cheaply are the property of EVERY Australian!!!! SO much so that Japan is on-selling gas which it buys from Australia to other countries. Why aren't there covenants with the granting of these licenses that they must keep a certain amount available for domestic use and so much for export ??? Why isn't there covenants saying they can't on sell these products to other countries?? We are being totally ripped off !!!!!!!!!!!!!!!!!!!!!!!! Write to your local MP and complain ........................ Until we take action nothing will get better and we will remain lap dogs of the rest of the world while our MP's get golden handshakes from top jobs they "acquire" in the mining industry. This should be made illegal too !!!!!!!!!!!!!!!!!!!!!!

[@dilligaf2818]

no priorities given to the people that have built this country its a joke ...

[@therig1339]

Time for Pauline as PM

[@Rick-Jangle]

Too late!

[@deniz6476]

Aud dropped to $0.62 on track to 50 cents. Government must take immediate action

[@trevorinthailand]

On track for 1cent😊 !!!

[@itsgottobesaid4269]

NDIS has been a huge fiscal mistake/drag which will never be able to be withdrawn.There were other ways which were not “open slather” for any and every applicant. There is no incentive to business,small,medium or large. There is not a crane on any building in Melbourne city now where before it was commonly the case.we don’t have a market economy anymore. Ah,to be woke and socialist directed.

[@Larry-Livermore]

This whole thing can be turned around if the Government bans foreign ownership of Australian land and Australian houses. This is why countries in Asia can provide property at reasonable prices to their citizens while countries like Australia, Canada, Britian, USA and Australia cannot. No Foreign ownership of residential property

[@anitacohen8753]

This was happening for years, but people chose to look the other way. It was always someone else's fault. Well, the Coles/Woolworths politics that has dominated this country since inception, has delivered its reward!

[@ThirukumarAtputharajan]

All govt employees are working staying home ( little house or pub ) nothing has done while homelessness increases

[@addictiveaussie]

Tick....tick....tick.... The highest personal debt levels in the world........tick.....tick.....tick.......

[@addictiveaussie]

And I've been saying it here since 2017. The Aussie gold price setting up for the next run to AUD5000 commencing as early as the coming week.

[@AshleyGraetz]

welcome to Blackrockistan

[@leonie563]

Be more scared of Brookfield who have bought hospitals, pathology, diagnostic imaging, energy, data centres etc during Turnbull/Morrison era

[@MelbHusTLA]

Fantastic summary of how we got to the point we are today. Every school kid should be made to watch this and write an essay on it.

[@goyindi]

bahahahaha

[@RodPowermartialarts]

In 1975, with no public consultation, the ALP government of Gough Whitlam signed Australia up to the United Nations inspired Lima Declaration which required Australia to reduce its manufacturing capabilities by around 30% and to commit to import that amount from other preferred countries. What has transpired in the years since the ALP signed the Lima Declaration is that the 30% target has in fact exploded, with current estimates putting it at more than 90%. And Citizens still vote for these two criminal parties Labor & Liberal so who is to blame? ... Silly uneducated Citizens

[@IQuickscopeCA]

why isnt it illegal for a career politician to own 18 properties without being rich prior? this is blatant corruption. id have the ATO busting down my fucking door.

[@KrunchyJD]

Completely disagree. I agree with the premise, that Australia is going down hill economically, but not the reasons. Yes we need to boost productivity. However it is economic stimulus that is the only thing holding Australia up at the moment. Every western country has a deficit. Every country that is a net importer of goods also has a deficit. Governments like Australia's create money whenever they spend it and destroy money when they tax. Sure if there is to much spending then inflation can occur, but that is not the cause of the current inflation. Moreover as a sovereign issuer of the Australian dollar the government cannot become insolvent. So what is the real problem in Australia. Two words, Real Estate. Overpriced housing is the root cause of our economic woes. Whether it be overpriced rent eating into the take home pay of workers or overpriced rent causing business to jack up their prices or go broke. Its ridiculous prices of houses meaning we have to much PRIVATE debt, or people are stretched just paying back the ridiculous mortgage. To buy a house now in Sydney you need to save for 40 years just for the deposit. Its total madness. We can't manufacture anything because our productivity has not increased, but also because our wages are so high. However they need to be high because of the obscene price of real estate. We have a whole economy largely based on speculative investment in real estate which produces virtually nothing. If real estate collapsed or became more affordable it would fix almost all of Australia's economic problems, not immediately as it would have negative effect at first, but as there would be less financial stress, people would not need large increases in wages and they would spend their money on services and goods produced locally, as their disposable income would rise. It would diversify our economy away from just stupid overpriced housing, and mining, meaning if there was a downturn our more diverse economy could weather the storm. Most importantly it would not put upward pressure on wages.

[@johncorboy2163]

Exactly what has happened in New Zealand

[@markgray2962]

Largely I agree , however there are powerful vested interests in maintaining the status quo, even though any nong can see it will lead to disaster for the population and the nation. .. So look to the real estate industry, land bankers, Banks, Local governments all making a motza by taking a massive slice out of the consumer dollar.

[@krugmeup2162]

Manufacturing will never happen here due to wages and electricity costs

[@liamwright281]

40 years to save? 5 years of hard grinding would be sufficient from anyone

[@KrunchyJD]

@liamwright281 Rubbish. It will take 40 years to save for deposit..

[@nolap67]

I laugh at those that say that the Libs are better economic managers. Australia has voted in conservative govt more times than Labor..(for those arguing this point, I beg you to do the research), and as a result Australia is screwed. Couple this fact with Labor's penchant for Immigration, and both parties allowing overseas investors to gobble up our realestate, it's no wonder there is nothing left for Australia's citizens. Shortsighted policy making from both major parties.

[@georgepoulos5316]

I don’t see the problem, I make 25 p/h on a casual job and I owe $1 million on a house, with no spare cash in savings…

[@jonathanparle8429]

It's probably academic. The economy is so bad that even those of us who fully own their homes will eventually be forced to mortgage them back to a third party during their retirement if not beforehand.

[@Unbearable.Unbearable]

@@jonathanparle8429 That's probably part of the plan to see us "own nothing and be happy". Attack the savings of people who own their own homes are are self funded retirees. Cash rate as low as 0.01% helped that along for a few years. Pressure the retirees into reverse mortgages to erode their equity and minimise any inheritance they wanted to leave.

[@Alliwantedwasapepsi]

How do you finance that much on so little?

[@georgepoulos5316]

@ Krispy, I am not sure what surprises me most ? Do you actually believe what I said, that is scary…

[@peterkirgan2921]

It's your business mate ! Hopefully you can pay your home off !

[@pcoppleman]

Agree! In the simplist form, you only have to ask are our kids better off today than previous 20 years ago or before the mining boom or even the 2000 Olympics? No! Are families able to afford to have children or easily afford a house? Are we able to have enough births to not have to have the huge immigration we see? No No No. The huge resources we have are virtually being given away for a pitance in royalties. The acceptance of mediocre over a correct character to do a job is being pushed by qualification over character and experience.