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Knowledge is Power. Beat Sticky Inflation, Recession & High Interest Rates. Money Matters: Navigating Credit, Debt & Financial Freedom is the new book by Robert Sudha Hamilton. In this collection of his articles on the Australian economy readers can take an investigative journey into the local and global issues facing us all in the current clime. The twenty-first century Western economy is built on the foundation of credit and debt. Credit and debt are intertwined and play a critical role in the functioning of modern economies. Money matters more now than ever before and things happen at breakneck speed in our modern digitised economies.
Book Review Fresh
How can we have a situation where Australian banks are making record profits in the billions and we are getting scammed for billions at the same time? These scams utilise our bank accounts and banks to transfer their ill-gotten gains.
Economics Fresh
A phalanx of politicians announced the completion of the Robodebt Royal Commission and that the federal government would be accepting all its 50 something findings. This disgusting policy initiative by the previous Coalition government went after 500, 000 Australians accusing them of fraudulently taking social […]
Big congratulations to the Swans for their victory over the Giants at the SCG. It did not look like happening for much of the afternoon, as GWS were on top for three quarters. The Sydney Swans Qualifying Final win report card must pay the ultimate […]
Fresh Big congratulations to the Swans for their victory over the Giants at the SCG. It did not look like happening for much of the afternoon, as GWS were on top for three quarters. The Sydney Swans Qualifying Final win report card must pay the ultimate […]
Fresh
My heart feels for the forgotten Australians. For those who missed the advantages of well heeled parents and private schools. For those who never quite managed to save up enough for a deposit on a home. For those who rent their residence in an ever shrinking market but now pay through the nose. My heart goes out to the third of Australians forgotten by governments and swept under the rug of their lost concerns. Are we returning to an age where money and property determined your rights in the world? Perhaps, we never really left that unfair realm.
Government budgets are not like household budgets. They do not work in the same way. Nations like Australia with a sovereign currency, like the Australian dollar, cannot run out of money. Therefore, all this tut tutting about government deficits and spending is misdirection. If you print your own currency you can always print more. Yes, there are other economic constraints like inflation, but worrying about going bankrupt is not one of them. Governments are better off running deficits than being in surplus. In a national economy the role of government is to spend to further the wealth and wellbeing of its citizenry when required. Understanding money is not the same for the state and its citizens.
Bruce Lehrmann goes to a strip club in Toowoomba in 2021, where he hooks up with a woman who later claims he raped her. He is now charged with allegedly raping this woman and the matter is before the courts in Queensland. Mister Lehrmann has been on our TV screens via Channel 7’s Spotlight, where he is portrayed as a victim of political and judicial skullduggery. Bruce Lehrmann was able to walk free after the Brittany Higgin’s rape trial collapsed due to juror misbehaviour and the decision was made not to have a retrial on the basis of the dangers to the mental health of the alleged victim Brittany Higgins. He was not cleared of the alleged charge of rape, however.
Renters don’t matter in Australia if the current situation is anything to go by. The available rental stock nationally has fallen to 1.1%. This is the lowest figure on record in the history of the nation. So, let’s talk about the rental crisis in Australia. Rents in the capital cities have been going up 12% year on year on average. Of course, for some their rent has gone up way beyond that in the 20% to 30% stratosphere. At the same time in Australia wages have not gone up anywhere near this. Indeed, for most wages have not risen at all. This means that poorer Australians are going backwards economically at a serious rate of knots.
Conservative politicians and their backers are inviting Australians to embrace their worst selves. Peter Dutton in his successful campaign to defeat the Indigenous Voice referendum has galvanised the downward envy gripping this nation. Too cheap and nasty to do the right thing and redress the constitutional wrongs which have defined this country the Australian people have let themselves down. Expediency always costs much more in the long run. The limited vision expounded by the No campaign and Dutton will come back to bite us on the bum make no mistake. Denying recognition and a say about the things that impact their own lives is a serious slap in the face for First Nations people.
Thank Adele Ferguson for shining the spotlight on this alleged blatant exploitation by a Sydney podiatrist of vulnerable Australians. ABC reveals podiatrist ripping off veterans and the evidence is stacks up. This illustrates the malfeasance by medical professionals occurring within the Medicare system and other government schemes. We know that billions of dollars are being rorted by some within the medical fraternity in a betrayal of the trust put in them by the Australian public. The 7.30 Report shows the complete lack of oversight present in so many government-funded schemes in Australia. The idea that all doctors are good guys and worthy women is being shown to be a costly fallacy for tax payers down under. Thank goodness for investigative journalism.
If you want to see the cultural and institutional racism at work in Australia check out the number of missing and murdered First Nations women on our state record books. Literally hundreds of Indigenous women whose cases have barely been investigated let alone solved by our police forces around the nation. Dark skinned girls in regional areas hardly rate a mention by our media when they mysteriously go missing. They are not blue eyed and blonde haired. They are not from Caucasian homes. These daughters of desperate mothers are consigned to the rubbish bins of history by police and their masters who really don’t care much.
First up I want to say that I am a big fan of Anthony Albanese and support his having a go at getting the Voice referendum over the line. It was brave and hopefully not stupid. Australian political leaders have a pretty poor track record when it comes to doing anything about Aboriginal recognition, reconciliation, and treaty. Bob Hawke squibbed it. Peter Dutton’s decision to oppose the Voice and turn it into a political battle destroyed any hope we had to constitutionally recognise First Nations people in Australia. Non-partisan politics does not exist in this nation when it comes to Indigenous Affairs.
Since the global pandemic we have seen a trend toward a concern for individual freedoms. This is no surprise after the lockdowns, vaccine mandates, and heavier government controls. However, these social health policies were necessary and will be again if and when another virus emerges. I am reminded of times of war when governments are forced to curtail public freedoms and demand much more from their citizens. Do not fall for those promising some sovereign citizen nirvana because such things do not exist in reality. The world is not all about you or me, we are all a part of communities, whether we like it or not. Populations are rising and this by its very nature means more rules to govern the many.
Down in Tassie things are different to the rest of Australia. The upside down world in Tasmania has the Liberal state government supporting a Yes vote in the Voice referendum, whilst local Aboriginal groups want a No vote. The polls are predicting a rare win for Yes in the Apple Isle, whereas the mainland story is predicted to be all about No. Why is this so? Tasmania is infamous for massacring most of its Indigenous population back in the day. Perhaps this has something to do with the apparently anomalous situation happening there in relation to First Nations recognition in the Australian Constitution and an Indigenous Voice to Parliament.
