Australia to ‘abolish phony debt ceiling’, continue spending-spree

11 12 2013

Published time: December 04, 2013 13:10

Australia will dive further ‘Down Under’ into debt, as lawmakers reached a deal to do away with a limit. The government can now borrow as much as it wants, and will avoid a shutdown when it reaches the AU$300 billion debt limit on December 12.

Federal Treasurer Joe Hockey won over the Greens who had previously supported the Labor Party cap of AU$400 billion (about $373 billion). Earlier, the upper house blocked a motion to raise the debt ceiling to AU$500 billion.

The government must justify any increase in debt up to AU$50 billion Greens leader Christina Milne told reporters in Canberra.

“This, I think, will return some maturity to the debate around debt and get rid of what has become a phony debate every time the government has wanted to raise the debt ceiling,” Milne said Wednesday.

Original Article: http://on.rt.com/52akri

 

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How Australia Can Be Saved From The Government

21 06 2013

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Budget grab for inactive bank accounts – Financial Review

28 02 2013

http://www.afr.com/p/national/budget_grab_for_inactive_bank_accounts_L7FcFwa3pvczK6mmq7PvDP

You can’t help but be suspicious as to what the real reason is if they’re in such a hurry to do that,” he said. “The urgency is presumably because it impacts on the government’s fiscal position. We don’t dispute that there’s a lot of accounts out there that people have simply forgotten about, but this sort of sweeping rule that everything over three years has to go to the government can override customer preferences.”

Interesting to see that this piece of nonsensical legislation was hurried through parliament in December.  Why the rush, one may ask?

The rush is because the government is BROKE!  And without our money, they don’t have anything.  Remembering the government produces NOTHING! Everything the governments of this world produce is from our income taxes, council taxes, land rates, parking tickets, speeding tickets, road tolls and so on.

In my opinion, apparently having access to our Superannuation funds is not enough, that the government needs to take our “inactive bank funds” too.

Ironically, the government call this a “new legislation” – but from where I stand, looks more like ‘THIEF”…legislated THIEF!

If you’re a Kiwi reading this, don’t think that this won’t happen across the ditch…because, as the saying goes:

This proverb has been in use since at least the mid 16th century. 

“Byrdes of on kynde and color flok and flye allwayes together.”

The first known citation in print of the currently used English version of the phrase appeared in 1599

Birdes of a feather will flocke togither.

All these sudden governmental changes in legislation are being put in place for a REASON.  What is the REASON?

That is the “million dollar question”??

Nothing is, as it seems. 2013 is proving to be a pivotal year in the upcoming economic downturn.

Let’s position ourselves to be on the right side of the ledger when the SHTF!





The Australian Government Is Really A Corporation, Scott Bartle, What The FUQ? 19 Nov2012

21 11 2012

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What the FUQ? Frequently Unanswered Questions of the “Australian Government” Documentary

9 11 2012

A MUST SEE video for all Australians!

Published on 23 Oct 2012 by 

Learn more at http://www.truth-now.net
Join us on the Facebook page: http://www.facebook.com/FUQAG
Frequently Unanswered Questions of the “Australian Government” – a Documentary questioning those claiming Government status as to whether they really are Government. Follow the process of importing a 1959 Chevrolet Corvette as the Department of Transport blocks import, to the Department of Environment getting in the way. Finally, see what happens when “Customs” demands GST and Luxury Car Tax.

A must see for anyone dealing with “Government.”





Gerald Celente ABC Australia – Ian Henschke June 5 2012

14 06 2012

The reasons why Australia will NOT escape the global financial crisis

http://geraldcelentechannel.blogspot.com

http://www.trendsresearch.com





Coal Seam Gas in Northern Rivers NSW/QLD

9 02 2012

If you don’t know what Coal Seam Gas is, I recommend you watch a movie set in the US by Josh Fox. http://www.gaslandthemovie.com.

I guarantee you won’t want this carry on happening in your backyard.

Food for thought….if “fracking” requires millions and millions of gallons of water each year to drill, how long is Australia’s water supply going to last for?

“Fracking” poisons the water, the air, the soil and everything in it, on it and around it!  Unless you live on the moon – this means, it poisons you, me our grandchildren, our great grandchildren and so on.

There comes a time when one must take a position that is neither safe, nor politic, nor popular; but one must take it because it is right” Dr Martin Luther King Jr