Since when is the Economy in Deflation after 1 month's drop in the Inflation rate? Hello, hello, are there any Economists out there?
Currently, this is Disinflation. Stop the panic!
There is good news in this reversal. Because of the drop in Petrol prices, motorists have more money to spend on other consumer goods. Fruit prices are down, as are clothing prices. Since when has this been bad news. The drop in the exchange rate is good news for Exporters. Our exports are therefore cheaper for international buyers.
As usual, the downside the Media is promoting is purely negative speculation and is damaging of itself to the Economy, because to the majority of consumers, who have less training in Economics than the Media - this is an apparent tragedy. Bulldust!
Now the Media is standing in for the Reserve Bank and is promoting a rate decrease. Is this because many of those employees of the media, may have overblown mortgages? Dropping Interest Rates any further - will only encourage more consumers to buy more houses they will not be able to afford, when interest rates increase.
As far as I can determine, this reduction in Inflation, which is already low, has given the consumer more spending money. How bloody tragic. It's how they spend or don't spend, this non-wage increase, which will set the stage.
Wednesday, April 27, 2016
Saturday, April 23, 2016
WHO THINKS THEY ARE VOTING FOR A PRIME MINISTER THIS FEDERAL ELECTION?
More than likely you will NOT be voting for a prospective Prime Minister, unless you are an eligible voter resident in the electorate of Wentworth, NSW, (Malcolm Turnbull), or in Maribyrnong, Victoria (Bill Shorten).
On Federal election day, you should be voting for the Party of your choice. If it's the Libs. who win, then the Coalition Parliamentary Party chooses their leader and if Labour gets in, then it's the Caucas, which elects their leader. The Minor parties are similar.
The Pollies and the Polls and the ever interfering blathering Media will not correct this silly presumption. The majority of us do not elect a Prime Minister.
The process is simple really, on election day, vote for the person in your electorate, who represents the party of your choice. Then due process will take over. If you don't vote, don't whinge.
On Federal election day, you should be voting for the Party of your choice. If it's the Libs. who win, then the Coalition Parliamentary Party chooses their leader and if Labour gets in, then it's the Caucas, which elects their leader. The Minor parties are similar.
The Pollies and the Polls and the ever interfering blathering Media will not correct this silly presumption. The majority of us do not elect a Prime Minister.
The process is simple really, on election day, vote for the person in your electorate, who represents the party of your choice. Then due process will take over. If you don't vote, don't whinge.
Sunday, April 3, 2016
THE PM OUTFOXES THE PREMIERS AND THE MEDIA
TURNBULL OUTFOXES THE PREMIERS AND MEDIA
Many journalists blinded by their inbred distaste for the Liberals and the Prime Minister, have missed the point in the Taxation offer to the States.
The PM has blindsided the Premiers with his offer. They must now justify their requests for cash, instead of bringing their collective begging bowls with quibbling to the handout table. Unrealistically blaming the Federal Government for their own bad management.
The Premiers were smart enough however, to understand that earning enough Income to balance their Expenditure is bloody hard work and anyway, would need legislation under the Constitution to grant the States Income taxing powers.
Legislative changes notwithstanding, The reduction in duplication of bureaucracy alone would save the Commonwealth a great amount of unnecessary expenditure. Why we need a Commonwealth Dept. of Health and Dept. of Education etc. etc., when the States have the same - is horribly inefficient?
Which begs the question, why in the 21st Century, do we need State governments?
The Police have to arrange extradition papers to move a culprit from one State to another. Utter nonsense! This is the Federation of Australia, not individual European countries. How time consuming and wasteful and inefficient and unnecessary.
This style of thinking produced 3 different Railway gauges at the time of Federation, which was hopelessly ineffieient. Clearly no broad National thinking was allowed under States' Rights log jams, then or now.
When will Australia grow up?
Many journalists blinded by their inbred distaste for the Liberals and the Prime Minister, have missed the point in the Taxation offer to the States.
The PM has blindsided the Premiers with his offer. They must now justify their requests for cash, instead of bringing their collective begging bowls with quibbling to the handout table. Unrealistically blaming the Federal Government for their own bad management.
The Premiers were smart enough however, to understand that earning enough Income to balance their Expenditure is bloody hard work and anyway, would need legislation under the Constitution to grant the States Income taxing powers.
Legislative changes notwithstanding, The reduction in duplication of bureaucracy alone would save the Commonwealth a great amount of unnecessary expenditure. Why we need a Commonwealth Dept. of Health and Dept. of Education etc. etc., when the States have the same - is horribly inefficient?
Which begs the question, why in the 21st Century, do we need State governments?
The Police have to arrange extradition papers to move a culprit from one State to another. Utter nonsense! This is the Federation of Australia, not individual European countries. How time consuming and wasteful and inefficient and unnecessary.
This style of thinking produced 3 different Railway gauges at the time of Federation, which was hopelessly ineffieient. Clearly no broad National thinking was allowed under States' Rights log jams, then or now.
When will Australia grow up?
Saturday, November 28, 2015
BAN SCHOOL CHILDREN'S BACKPACK
Have you noticed the tiny pair of legs scuttling along under the huge school backpacks?
Some tiny primary school kids are often smothered by these ridiculously oversized bags. Even older kids, even teenagers, are overburdened.
In an age of Digitation, being led by the iPad and other products, why is it still necessary for kids to daily carry such a packhorse load?
Why doesn't the Teaching profession show some social conscience by being in the forefront to minimise this absurd modern load? Who knows what potential back and hip injuries await these kids as they mature?
If you are an urban train traveller, you are then faced with a obstacle course to gain access to an electric train. The kids are only too happy and uncomfortable to get rid of their burden, by dumping these gross bags at the entrance to the train - causing access and egress problems and possible injury for the adult travelling public.
It isn't just in Australia but also in the USA see this article in TIME magazine: http://time.com/4017521/your-kids-enormous-backpack/
Enough! Parents, Grandparents, School Teachers, Education Departments get off your collective backsides and reform this hideous and potentially disfiguring practice.
Some tiny primary school kids are often smothered by these ridiculously oversized bags. Even older kids, even teenagers, are overburdened.
In an age of Digitation, being led by the iPad and other products, why is it still necessary for kids to daily carry such a packhorse load?
Why doesn't the Teaching profession show some social conscience by being in the forefront to minimise this absurd modern load? Who knows what potential back and hip injuries await these kids as they mature?
If you are an urban train traveller, you are then faced with a obstacle course to gain access to an electric train. The kids are only too happy and uncomfortable to get rid of their burden, by dumping these gross bags at the entrance to the train - causing access and egress problems and possible injury for the adult travelling public.
It isn't just in Australia but also in the USA see this article in TIME magazine: http://time.com/4017521/your-kids-enormous-backpack/
Enough! Parents, Grandparents, School Teachers, Education Departments get off your collective backsides and reform this hideous and potentially disfiguring practice.
Friday, November 13, 2015
TV NEWS NEEDS A HISTORY LESSON
The TV has a new anti-government hobby. Bashing the proposed GST increase. Blathering on about how the possible 15% is going to affect we poor simplistic consumers. Of course completely ignoring the reality that the Nation has a debt problem caused by excess prior governmental expenditure.
Who gives a stuff about the Nation? certainly not the infants writing the TV broadcasters' news scripts.
Hello, hello. Fifteen years ago the GST was introduced with accompanying tales of woe from the mainstream media. Well it has been a success and here is where a lesson in reality and history kicks in.
Prior to 1 July 2000, we were paying Sales Tax. Do you recall that Jewellery, TV's, Hi Fi Systems and Cameras paid 33% Sales Tax. How does that compare with a possible 15%? How's your maths? There were 2 other rates. 20% and 10%. If you are interested, do your own research. As far as the MS Media is concerned, history commences tonight at 6.00PM on TV. Most is forgotten soonest after!
Do you know how to reduce the impact of a GST increase? Spend on essentials and stuff you really need and reduce or stop spending on stuff you only want. There is a difference.
Also what is forgotten is that the Federal Government distributes the whole of the GST Revenue to the States. In 2000 the deal was to be - that in consideration for the States to receive the whole of the GST in proportion, the States had to discontinue taxes like, Stamp Duty, Payroll Tax etc. Guess what? The Feds kept their side of the bargain, but the States did not!
Who gives a stuff about the Nation? certainly not the infants writing the TV broadcasters' news scripts.
Hello, hello. Fifteen years ago the GST was introduced with accompanying tales of woe from the mainstream media. Well it has been a success and here is where a lesson in reality and history kicks in.
Prior to 1 July 2000, we were paying Sales Tax. Do you recall that Jewellery, TV's, Hi Fi Systems and Cameras paid 33% Sales Tax. How does that compare with a possible 15%? How's your maths? There were 2 other rates. 20% and 10%. If you are interested, do your own research. As far as the MS Media is concerned, history commences tonight at 6.00PM on TV. Most is forgotten soonest after!
Do you know how to reduce the impact of a GST increase? Spend on essentials and stuff you really need and reduce or stop spending on stuff you only want. There is a difference.
Also what is forgotten is that the Federal Government distributes the whole of the GST Revenue to the States. In 2000 the deal was to be - that in consideration for the States to receive the whole of the GST in proportion, the States had to discontinue taxes like, Stamp Duty, Payroll Tax etc. Guess what? The Feds kept their side of the bargain, but the States did not!
Monday, October 26, 2015
AUSTRALIAN ANTHEM WALKOUT
Is this Australia or downtown Mecca?
When was it when a Hindu, or a Buddhist or a Jew or an aethiest walked out on the Australian Anthem?
This was in a primary school. It appears that this is a religious issue of an Islamic sect. The Victorian school teachers supported the walkout. The parents and teachers of this minority group should have planned for this element and excluded the kids from the segment in advance - if it so offends the alleged sensibilities of this sect. However, the majority of Australians are also offended.
Now the apologists are clamouring to provide excuses.
Is this the thin edge of the wedge by stealth? Is the tail wagging the dog? Are we now a minocracy, rather than a democracy. Be careful Australia, tolerance does not mean turning your back on important issues which diminish our hard won culture.
Tolerance is a two way street - as is respect. No one is simply entitled to respect. It must be earned by the recipient.
When was it when a Hindu, or a Buddhist or a Jew or an aethiest walked out on the Australian Anthem?
This was in a primary school. It appears that this is a religious issue of an Islamic sect. The Victorian school teachers supported the walkout. The parents and teachers of this minority group should have planned for this element and excluded the kids from the segment in advance - if it so offends the alleged sensibilities of this sect. However, the majority of Australians are also offended.
Now the apologists are clamouring to provide excuses.
Is this the thin edge of the wedge by stealth? Is the tail wagging the dog? Are we now a minocracy, rather than a democracy. Be careful Australia, tolerance does not mean turning your back on important issues which diminish our hard won culture.
Tolerance is a two way street - as is respect. No one is simply entitled to respect. It must be earned by the recipient.
Monday, September 21, 2015
TIME FOR THE TALL POPPY SYNDROME TO WILT
ENOUGH! An Australian newspaper has called Malcom Turnbull a "rich dude".
How bloody infantile! "It's Time" for this jealousy to disappear from our national psyche.
Australians get over this envy of success! Who do you want to run the country? A hermit? A beach bum?
The media goes on about any PM catching the allotted RAAF jet to get around our large and ancient landmass. They must want him to catch a bus. Sit down the back PM.
Give the bloke a go. Envy is for the short sighted and those who haven't got what it takes to achieve. Australians are supposed to be a positive people. Give the flick to the petty critics.
The current polls show that the electorate approves at this early stage, so the critics have missed the bus.
How bloody infantile! "It's Time" for this jealousy to disappear from our national psyche.
Australians get over this envy of success! Who do you want to run the country? A hermit? A beach bum?
The media goes on about any PM catching the allotted RAAF jet to get around our large and ancient landmass. They must want him to catch a bus. Sit down the back PM.
Give the bloke a go. Envy is for the short sighted and those who haven't got what it takes to achieve. Australians are supposed to be a positive people. Give the flick to the petty critics.
The current polls show that the electorate approves at this early stage, so the critics have missed the bus.
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