Australias Depression

[billy the kid]

Make no bones about it....
Australias recession will become a Depression...
This will be caused by Australias incompetent state and federal politicians...
Australias Trade War with China is the tip of the ice berg.....
I posted some time ago that September would see an economic cliff...
Australias glory days, irrespective of what category you want to talk about
ARE over...
We have been relying on chinese money for way too long....
Selling our rocks isnt going to save us this time....

[Black Orchid]

ASX is up though!

[billy the kid]

https://www.msn.com/en-au/news/australi ... hy-isn-t-h
ALL part of Australias depression.
BUT the media whores wont mention any of this.....shooosh....
Morrison is doing a great job....

[billy the kid]

Reverend Freaknberg announced in March, 2020 that Australia was in a technical recession.
That was two quarters of dud figures.
He has recently announced that Australian is NOW in a recession.
Is that a technical recession extended or is it a serious recession....
Laughable....
Perhaps one of our media whores should ask the Reverend to explain Okuns Law...
If you apply Okuns Law to Australia we are totally rooted for many years....
"In economics, Okun's law (named after Arthur Melvin Okun, who proposed the relationship in 1962) is an empirically observed relationship between unemployment and losses in a country's production. The "gap version" states that for every 1% increase in the unemployment rate, a country's GDP will be roughly an additional 2% lower than its potential GDP. The "difference version" describes the relationship between quarterly changes in unemployment and quarterly changes in real GDP."

[billy the kid]

https://www.msn.com/en-au/news/australi ... d=msedgntp
IS this the best that they can do.....
They are calling a "think tank" so as people can come forward with ideas as to how to kick start the
economy...
Thats like a car dealer getting his sales team together and asking them for ideas on how to sell
more cars....
"Ive got nothing guys....any ideas....."
Youre kidding....
I know lets have a gala day, where everyone gets a special discount if they buy a car...
Maybe give everyone a free cap and a balloon...
I know...lets have sausage sizzle...
Now whos going to peel the onions...
What about the ice and free coca cola..
Whos going to bring the bread rolls...'
What about the butter....whos bringing that....
Lets all attend the think tank and give our grubberment some ideas...
I know...
Lets play hop scotch..
Maybe play the limbo game...
Or Twister...
Maybe hide and seek...
Maybe a fkn skipathon....or a jigsaw building competition......
Is this what our politicians are paid to do...'
Theyve got nothing....fkn nothing......
Call a think tank to get ideas from anyone to kick start the economy...
In other words...how do we get everyone to spend money they havent got
over Xmas....
Fuck me....
Why dont they all fkn resign.....

[Black Orchid]

[cods]

I am not sure anyone predicted the Chaos of Victoria... the bullying of Premiers like Palasuezuk...who rolls out the red carpet for AFL players but holds a gun to the head of a women losing one of her twins...and has a big fat NO to a women whos just had a brain tumour removed who asked to iso at her own home... she was denied... perhaps they thought she would be drinking in a bar somewhere every night.......

no one predicted that did they?... we now have to learn to live with this thing....and thats up to US not the govt....we already have a mob of anti vaxxers....and law breakers who break the laws deliberately these people are not going away..

[billy the kid]

When a law is imposed on the people, irrespective of what that law is....the people will only
obey that law for a certain period of time.
Sure, there will be some lawbreakers right from the beginning, but overall, most people
will obey that law if its a reasonable law.
The example I'll use is mobile phones being used whilst driving.
This is dangerous...a heavy penalty has to be imposed...yet a percentage of the people
will still do it....you cant eradicate that percentage...
When it comes to the conjob19 plandemic, the governments can legislate til the cows come
home and the people will obey until they become fed up.
This is what is happening now.
The people are beginning to realize that our governments, state and federal, have sold us
one huge dump...
They have been wrong in many areas....
The people are beginning to realize this...
We can go one of two ways....
We can roll over and meow....
OR we can object to the political incompetence in our own ways...
My take...
I feel that unless something happens very soon, the governments in this country
will have a full blown revolution on their hands...
The people will only take so much.....

[billy the kid]

https://www.news.com.au/lifestyle/home/ ... overnment-
"Jim’s Mowing founder Jim Penman says there will be “widespread civil disobedience” if harsh stage 4 lockdown measures in Victoria are extended beyond September 13.
Top-secret documents leaked overnight revealed another two weeks of lockdown, but the mowing mandate said his contractors had vowed to work and fight fines if restrictions were pushed out.
Mr Penman previously said between 615-800 contractors across the state were losing about $3000 a week since the Premier’s controversial workplace restrictions prevented cleaners and gardeners from working."
IT only takes one to begin......

[billy the kid]

https://www.msn.com/en-au/money/realest ... as-economy
Treasurer Josh Frydenberg today urged Australians to think of the human side behind the ABS statistics.
"Our record run of 28 consecutive years has officially come to an end," Mr Frydenberg said.
"The cause? A once-in-a-century pandemic. The effect? A COVID-19 induced recession.
"Behind these numbers are heartbreaking stories of hardship felt by everyday Australians as they go about their daily lives."
Lies...lies...and more lies....
You announced a recession back in March boofhead.....
After two dud quarters going back into 2019....
Lies...lies...and more lies......