Australia's fake services economy is actually costing all of us $5 million an hour or 120 million a day !!

Remember how the economic brains trust kept telling us that all manufacturing economies must transition to a fake services economy :D LOL

Sir lastnail wrote on Apr 19^th, 2018 at 7:02pm:

Australia's fake services economy is actually costing all of us $5 million an hour or 120 million a day !! Remember how the economic brains trust kept telling us that all manufacturing economies must transition to a fake services economy :D LOL

It didn't matter if it was:

Rudd, Gillard, Abbott or Turnbull -

none of them had any plan other than to borrow money
to keep the economy ticking over.
It's a funny money economy -
going more into debt every second.

Government debt can be totally paid off with a few keystrokes, it is not a problem. It IS a symptom of Lib economic incompetence but that has always been the case—back to the idiot Menzies and his credit squeezes and buggering up the CSIRO.

Hey Booby—what are Arctic temperatures recovering from? Winter?  ;)

Bobby. wrote on Apr 20^th, 2018 at 4:21pm:

Sir lastnail wrote on Apr 19th, 2018 at 7:02pm: Australia's fake services economy is actually costing all of us $5 million an hour or 120 million a day !! Remember how the economic brains trust kept telling us that all manufacturing economies must transition to a fake services economy :D LOL It didn't matter if it was: Rudd, Gillard, Abbott or Turnbull - none of them had any plan other than to borrow money to keep the economy ticking over. It's a funny money economy - going more into debt every second.

and pump up the property as they transitioned from mining to housing and then to services :D LOL

Coffee shops everywhere now. It's got to be a joke right ?? :D LOL

Sir lastnail wrote on Apr 20^th, 2018 at 5:22pm:

Bobby. wrote on Apr 20th, 2018 at 4:21pm: Sir lastnail wrote on Apr 19th, 2018 at 7:02pm: Australia's fake services economy is actually costing all of us $5 million an hour or 120 million a day !! Remember how the economic brains trust kept telling us that all manufacturing economies must transition to a fake services economy :D LOL It didn't matter if it was: Rudd, Gillard, Abbott or Turnbull - none of them had any plan other than to borrow money to keep the economy ticking over. It's a funny money economy - going more into debt every second. and pump up the property as they transitioned from mining to housing and then to services :D LOL Coffee shops everywhere now. It's got to be a joke right ?? :D LOL

Yes property is in a huge bubble -

you need a $1 million to buy a house now
that's within 30km of the city centers.

http://www.australiandebtclock.com.au/

Bobby. wrote on Apr 21^st, 2018 at 9:20am:

Sir lastnail wrote on Apr 20th, 2018 at 5:22pm: Bobby. wrote on Apr 20th, 2018 at 4:21pm: Sir lastnail wrote on Apr 19th, 2018 at 7:02pm: Australia's fake services economy is actually costing all of us $5 million an hour or 120 million a day !! Remember how the economic brains trust kept telling us that all manufacturing economies must transition to a fake services economy :D LOL It didn't matter if it was: Rudd, Gillard, Abbott or Turnbull - none of them had any plan other than to borrow money to keep the economy ticking over. It's a funny money economy - going more into debt every second. and pump up the property as they transitioned from mining to housing and then to services :D LOL Coffee shops everywhere now. It's got to be a joke right ?? :D LOL Yes property is in a huge bubble - you need a $1 million to buy a house now that's within 30km of the city centers.

Usually 1 million of borrowed money too. What happens when the money tap is turned off ?

Jovial Monk wrote on Apr 20^th, 2018 at 5:05pm:

Government debt can be totally paid off with a few keystrokes, it is not a problem. It IS a symptom of Lib economic incompetence but that has always been the case—back to the idiot Menzies and his credit squeezes and buggering up the CSIRO. Hey Booby—what are Arctic temperatures recovering from? Winter?  ;)

How do you think the government debt can be paid off with a keystroke, when we get dividend imputation, negative gearing, tax-free super for the over-sixties,etc.?
Australia is on the Greek path; nobody wants to pay any tax, and everyone wants to  make a fortune with real-estate.

hawil wrote on Apr 21^st, 2018 at 8:24pm:

Jovial Monk wrote on Apr 20th, 2018 at 5:05pm: Government debt can be totally paid off with a few keystrokes, it is not a problem. It IS a symptom of Lib economic incompetence but that has always been the case—back to the idiot Menzies and his credit squeezes and buggering up the CSIRO. Hey Booby—what are Arctic temperatures recovering from? Winter?  ;) How do you think the government debt can be paid off with a keystroke, when we get dividend imputation, negative gearing, tax-free super for the over-sixties,etc.? Australia is on the Greek path; nobody wants to pay any tax, and everyone wants to  make a fortune with real-estate.

Easy. Stop paying money out to countries that dont need it like israel

Spot

hawil wrote on Apr 21^st, 2018 at 8:24pm:

Jovial Monk wrote on Apr 20th, 2018 at 5:05pm: Government debt can be totally paid off with a few keystrokes, it is not a problem. It IS a symptom of Lib economic incompetence but that has always been the case—back to the idiot Menzies and his credit squeezes and buggering up the CSIRO. Hey Booby—what are Arctic temperatures recovering from? Winter?  ;) How do you think the government debt can be paid off with a keystroke, when we get dividend imputation, negative gearing, tax-free super for the over-sixties,etc.? Australia is on the Greek path; nobody wants to pay any tax, and everyone wants to  make a fortune with real-estate.

and no manufacturing base left to export anything. We are fast becoming another Greece. They will have to sell off all of our assets to foreign pirates who will then charge us a  fortune for their services to run them :(

A services based economy is a loser economy !!