WOKE Willy, I am still waiting to learn what your original crude post was all about.
Are you longing for a return to Bob Brown tree hugging Greeny stuff ?
Do you go the GetUp! Hillsong Revivalist Indoctrination Conversion to Communism Meetings ?
Bob Brown the Greeny Dreamer
It is good to see the highly esteemed BigP and Nommy have been roused from their somnolent Socialist slumber.
Government fuckup.
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- billy the kid
- Posts: 5814
- Joined: Fri Mar 29, 2019 4:54 pm
Re: Government fuckup.
https://business.gov.au/Risk-management ... businesses
Notice how the Government sugar coats this fantastic initiative by giving the example of the
chain of yoga studios.
Notice the last sentence....
"When economic conditions improve, the company can pay back the debt incurred."
Fantastic....
Unfortunately it doesnt work like that.....
Creditors dont get paid whilst the business is insolvent...
There is a domino effect....
"When economic conditions improve......"
What if they dont....
The company has continued to trade for six months whilst insolvent...wracking up
more and more debts....
No one gets paid....
The current debt recovery system in Australia is hugely biased towards debtors...
This is another reason why this country is slowly going broke...
Incompetent government legislation....
Watch a wave of bankruptcies hit Australia in September...
Plus evictions...
Plus numerous businesses closing down, never to open again..
Creditors will not be paid..
Landlords will not be paid...
Banks will not be paid..
Ooops....sorry...thats happening already......
Notice how the Government sugar coats this fantastic initiative by giving the example of the
chain of yoga studios.
Notice the last sentence....
"When economic conditions improve, the company can pay back the debt incurred."
Fantastic....
Unfortunately it doesnt work like that.....
Creditors dont get paid whilst the business is insolvent...
There is a domino effect....
"When economic conditions improve......"
What if they dont....
The company has continued to trade for six months whilst insolvent...wracking up
more and more debts....
No one gets paid....
The current debt recovery system in Australia is hugely biased towards debtors...
This is another reason why this country is slowly going broke...
Incompetent government legislation....
Watch a wave of bankruptcies hit Australia in September...
Plus evictions...
Plus numerous businesses closing down, never to open again..
Creditors will not be paid..
Landlords will not be paid...
Banks will not be paid..
Ooops....sorry...thats happening already......
To discover those who rule over you, first discover those who you cannot criticize...Voltaire
Its coming...the rest of the world versus islam....or is it here already...
Its coming...the rest of the world versus islam....or is it here already...
- billy the kid
- Posts: 5814
- Joined: Fri Mar 29, 2019 4:54 pm
Re: Government fuckup.
Addendum...
Of course, the real reason that the debt recovery system heavily favours debtors
is that the state and federal governments all realize that the peasants havent got enough money to
live on, therefore they make the availability of credit so overwhelming that the average debtor
cant help himself....he goes into debt because its virtually encouraged....
Creditors dont get paid....and the country goes broke....
Some may say so what...debt is good..
Not if its never paid.. ...
Of course, the real reason that the debt recovery system heavily favours debtors
is that the state and federal governments all realize that the peasants havent got enough money to
live on, therefore they make the availability of credit so overwhelming that the average debtor
cant help himself....he goes into debt because its virtually encouraged....
Creditors dont get paid....and the country goes broke....
Some may say so what...debt is good..
Not if its never paid.. ...
To discover those who rule over you, first discover those who you cannot criticize...Voltaire
Its coming...the rest of the world versus islam....or is it here already...
Its coming...the rest of the world versus islam....or is it here already...
-
- Posts: 1355
- Joined: Wed Dec 28, 2016 10:56 am
Re: Government stuffup.
Woke Willy, how much are you in debt ?
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