Bilking

[AnaTom]

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A BILKING ECONOMY

Is Australia’s economy actually a war financing economy, and we just don’t know it?
With .gov.au having recently pilfered over $160 billion (which I cant yet substantiate) for the upcoming war, are we being bilked on an unprecedented scale?

Since the 9/11 hiest, economies everywhere have been acting strange. Bankruptcies, quantitative easing, negative rates, socialisation of debt, hedging, margin gambling, and on and on it goes.

When Howard was in power, we were truly in a fine place as a nation. Since then we have been undermined by the idiocy from successive governments. Now Morrison tells us we are deep behind on the balance sheet. This after two mining booms. I’ve been in the mines and believe me, it is no small fete to squander what was being generated from the boom. Where has it all gone? Rudd/ALP knows some of it. So must Costello/Libs. But are they on top today, as far as knowing what is happening. Sure, they all invited the recent economic raid by the CCP, but where has all that investment gone? And Morrison/Libs new paradigm of raiding the economy from the bottom upwards to hoover up what the banks haven’t , is no assurance that something isn’t fundamentally wrong. Its also very nasty.

An example.

In a snippet in the Herald-Sun last week (Wed/Thu), they tell us that we pay more for gas than the people we ship to thousands of miles away. How is that? For me, the tap is in the kitchen, the processing plant is 30k away, and the well about 60k away. So why the exorbitant price?

If I want a box of matches sent from the city, I would have to pay ‘freight’ of $5. Or for a hair dryer tomorrow, $15 freight. Yet the ‘transport’ is already on the way, regardless of my ‘special’ order. A handful of orders could cover the ‘freight’ costs locally, the rest is gouging and profit. This once only applied to the deep north and west of the country, to cover the costs of freight over vast distances. It was understandable and necessary. Fuel is subsidised. Nowadays, it happens across the nation, even from the next town 10k away. Why, what has changed, except for the ‘improvement’ of transport infrastructure over time? We did better during the primary production heyday, with less, than what we do today.

Yet our resources sector can sell value added product cheaper, and send ship loads of product to Asia and beyond for next to no cost. And the end user is better off than we. In return China sells us dirt cheap inferior product, which ultimately is financially ‘unsustainable’. (After one weeks use, throw the package and its contents in the bin. Get another one). That alone should be a Labor issue of the highest order. Yet they over there have little possession of the infrastructure in some cases. In others, Asia owns the whole lot, and we get $00.1 a day for it.

So are we being bilked blind, or is our economy overheated in real terms, and they wont say?

Currently I pay about $55 a quarter for about 20hrs gas. That’s with concession. Imagine without it. The prices are set to soar. Where are the profits going? Why the rise?