ID

Title

Date

69

its almost tax time Its too early in the year to balance the economic books in Australia as we only have a few months to go, but be aware of the blow out in foreign gross debt and the total economy ,and cross our fingers that they, the government, achieved a miracle. As the people borrow just to pay the bills, and once this problem affects the government to tighten lending policies, then bankruptcies will explode. Another million credit cards where given to Australians in the last quarter, its not there money, nothing saved just paper debt to keep the game going that’s causing inflation that’s raising rates that’s buying time for governments to pray something works. In reality rates will rise due to borrowed money being spent in the economy which will raise cpi and raise rates, it’s a catch 22 scenario, add oil prices that have the making of over $100.00 dollars a barrel then flow the cost of fuel and indirect increases that flow through and you have cpi that needs to be placed under control by adding rates up again and again, Something drastic needs to be implemented by the government, but their hands are tied as outside influences globally are impacting us. In the months from now if correct we should see an affect of worsening trends, like dominos one toppling over the other, financial pressure of unprecedented standards in Australia, not to mention the other side of the coin, madness! Lucky the government has allowed billions in the 2006 budget to aid in this area, let’s hope it’s not because of the foreseeable future As parents hide the truth from there kids as they see fit whilst they grow up under the presumptions of need to know bases, so to does our government treat us like kids on a need to know bases, So whats the truth, look around with an open mind, see the stress in people, see that they have no time to smell the roses, look at the anger on there faces, and then you will see the truth slowly, money money money, it’s a disease that’s eating its self globally.

5/10/2006