The new realities are exemplifying economic disruptions with the USA as a prime example. Poverty is rising and joblessness and homelessness rising as worker remuneration has fallen below long term GDP growth rate.

It is no longer enough to have a college degree to land a good rewarding job. International competition is driving down remuneration to common denominator levels. Eventually workers anywhere will be able to perform work in any country where physical presence is not required for the performance of the work.

Eventually rates for work of equal technical and commercial quality will draw the same remuneration no matter which country the work is performed in.

It has already happened in manufacturing. Service industries will be next as well educated and more competitive foreigners work on the internet from their homes or overseas offices and provide services for Australian residents.

I believe the next phase should be outsourcing of politicians. The current intellectually depraved windbags are flotsam in the trade winds.

Unemployment is trending up strongly in NSW, Vic and SA. Is this the signal of the inception of the jobless phase of the mining boom?

If the housing bubble bursts on top of rising unemployment the negative economic effect will be amplified.

Laugh till you cry wrote on Dec 22^nd, 2013 at 9:36pm:


Add skilled migrants to the list as well. Many of them would be willing to work for much less

yet another chart whereby you can almost see when Labor took over the reigns...

it's not only the 6 worst years this country has ever seen of government...

its the locked in Labor spending that will see debt continue to rise as the Liberals struggle to make the cuts to stop the rising debt...

as you see....

a lot of people in australia do not want to see cuts to anything...

as soon as there's a hint of cutting back spending the Media are all over it like "stink on poo" and the polls for the Liberals start taking a fall...

we have become a country of welfare beggars even through we have jobs and are doing fine...

everyone has their hands out for more...

even the "school books buy" that the Liberals have tried to stop saving us Hundreds of Millions of dollars Labor have voted down forcing the Liberal government to spend that money..

Labor are still forcing Massive Debt on us... they are a bunch of C.... 

out of all the OECD countries Australia has one of the fastest rising debts with only Spain and Slovenia borrowing more... 

Australians have become too greedy, the collapse of our Manufacturing industry proves that with greedy workers and CEO unwilling to take the cuts that will see them employed for years to come... instead, they have their hands out for massive redundancies packages to then go sit on welfare...

if you are lucky enough to have a Job that earns you $60,000 you will pay $11,000 in tax...

out of that Tax $3800 will be spent on Welfare... the Lions share..

the more people that are on welfare the more governments will pander to them...

we're on the way down friends... the only things saving our bacon at the moment is the mining industry... and that is why you see Fat Clive Palmer get approval to open up a massive new mine with a massive new port on the Great Barrier Reef... 

this is why i don't write much on the Political forums...

a lot of them are just rusted on idiots with their hands out for more welfare instead of going out to get a job...

"Please True Blue, can you work harder and pay more welfare to me"...

f#cken sickening... 

True Blue... wrote on Dec 23^rd, 2013 at 6:37am:


Come on, blue - you know you are flying in the face of reality when you say 'go out and get a job' - some genuine people have been trying for years.  I'd manage to exist with five hours a week pulling piss at the RSL - chatting to a staff member I know last night and he said he's working 60 hours and tired.

Well - bugger me!

And you also know that welfare is not the major issue in the economy - what is the major issue is WHERE and HOW governments spend money - for which it is high time we received a full accounting, piece by piece - so the brighter souls among us can work out the problems for them - since they can't.

Clive's coal will generate no more than about 1200   claimed 2460 after construction limited time jobs -

http://www.theaustralian.com.au/business/mining-energy/clive-palmer-mine-rail-pr...

- will off-shore massive profits that will be untouched by tax, while paving the way for Clive to more billions on which he will not pay tax, while actually raising the cost of imported goods here in a zero-competition market.

Even noticed that the price of steel has gone way up?  Industry closes down here or 'rationalises' - sheds workers into poverty - then we buy back the same product at all elevated price - now stricken by the never-ending rise of wages and cost of living and social divides in the 'Lima Agreement' countries - until - as someone just wisely said - the price will be the same.

So where is the benefit from all this?  Australians first or the ROTW first?

I'm building a house on a pension - when I started I could buy roofing for $7 a metre - it is now $12 - we REALLY benefited from off-shoring all that industry, didn't we?  Because 'wages here are too high'???

Well - sorry to tell you - wages + cost of transport + cost to Australia of exporting raw materials to benefit the pockets of seven people = HIGHER COSTS and FEWER PEOPLE WITH MONEY TO BUY.

Now that's got to be the wackiest 'economic management' I've ever seen.

On the ideological side - same-same both sides.

Your 'progressives' want to develop a starry-eyed 'equality for humanity' across the board.. an unattainable objective since, s my dear old Economics professor said "economics is based on scarcity'  That mean that when you have limited resources - and pray consider for one moment what 'resources' actually are beyond raw materials.. try people, incomes, values and so forth - you simply cannot spread them around the whole world and come up trumps.

Your 'conservatives' want to develop a mega-profit through off-shoring everything to cheapies opportunity for their mates, and by limited flow-down to an inner circle but not the rest, to themselves.  How many cop a sweet deal from their mates when they retire from politics at a sweet age and ready to rumble?

Point is - no matter who is developing the One World Economy and so forth - WE who are now at the bottom, are the losers.

So buckle down - and get it right.  Blue.. baby!  Your enemy is over there in the big house - not those in front of you and you are trapped in a suburban nightmare of resentment and envy.

Yeee-uzzz.. BUT (there's that but again)...

http://www.debatingeurope.eu/focus/infobox-arguments-for-and-against-an-economic...

I can't say I know all about these things, but I do know that one thing you simply cannot do is suddenly go into negative genuine growth and replace that with furphies such as high unemployment, inflation, massive debt, limited real opportunities and a downgrading of social and work values to cater to the self-imposed declining economy.

These are the signs of the death of an economy - not its positive growth.

Now le' me read through that article.... at least I offer some substance to what could otherwise be viewed as the ravings of a genius.... using words and phrases that many often cannot follow.. oh, well....

After The Reading:-  Hmm - this is propaganda for Capitalism - the phrasing etc and general discussion points raised against are foppish to say the least.

I'll look again.

https://socialsciences.arts.unsw.edu.au/tsw/GROWTH.html

Try this'un - I ain't got time to read it...

Aaaarr---errrrm..... "The only way out (I believe) for developed nations is a return to traditional ways of life"...

.... sounds remarkably like a Pol Pot Year Zero to me......


"Right you lot!  You are officially uprooted and are to head on out to the bush and start planting wheat and stuff."

Trouble with that idea is.... (rolling thunder off-stage) .. there are too many people to fit into the countryside now.

It's like the Scottish Highlands out there after enclosure - all the lairds control huge swathes of it, and the crofters and clans people... well.. there's just no room for them on their ancestral land any more.

So where are they all going to go?  I'll tell you in one phrase -



It's the only place they can go, and fits neatly with my oft-stated prediction of war, pestilence, plagues on all the houses (e'en unto the seventh generation etc, etc), death and famine... and a massive de-population of Mother Earth.

I can only hope that me and mine are among the survivors - but in the meantime, I'll just dedicate my life's work, without reward from the Reich, to the betterment of my people and the early warnings that they NEED right now.

(I can feel a new book concept coming on - Cassandra Rising)......

.....erstwhile Cassandras wailing predictions of woe into the darkness of an empty temple while the feeble glow of a single candle dies down and smokes into ruin as the Trojan dawn rears its drunken head in the East.... when this silence of ears is upon all and they stop up their ears with wax so not to hear even that silence..... who is there to hear at all?  Behold.... the horsemen cometh..... and dark upon their brow is their wrath, fell and full...

(I should never have been allowed to read Ray Bradbury, Roger Zelazny, Harlan Ellison and such)....