Category Archives: Economics & Finance

Australia’s illegal immigration problem

The ABS consistently forecast wage growth, blissfully unaware of the effects of illegal immigration driving down wages an conditions. A more cynical mind might assume they were promising  paradise while mixing the cyanide into the cool aid. Not sure where this chart was from, but its based on ABS data.

1599139856682.jpg

So what happened after 2007 you might ask…

Net Migration AU 1970 2019 ABS

Immigration jumped to more than double, almost triple the previous 30 years average rate.OF course this was coupled with illegal work permits and other rorting of the Australian taxpayer.

20% of the workforce are migrant guest workers 

10% of the work force are migrant guest workers are in breach of their visa.

 

The following comment (with minor spelling corrections) was taken from:

Like Australia, immigration rorts run riot across New Zealand

Mike MB

19 Jan 2019

NZ is just a feeder intake.. a transit lounge for the third would migrant guest-workers.
NZ has an outlet – Australia is these trafficked migrant’s end destination.
86% of foreign migrant arrivals in NZ who are given the NZ passport stamp then enter Australia & it’s a 90% one way flow.
As Winston Peters said “NZ only sells 2 things, milk powder to the Chinese & passport entry stamps to Australia to the third world”. Peters even offered to apologize to Australia for the migrant trafficking trade.

Of course Peters is now in power, and as NZ foreign minister he has done nothing about it.
Because the NZ government want the trans Tasman trafficking & Australia as their outlet to continue.
So NZ can shed their migrant intake mistakes & social burden into Australia and its then Australia’s problem.
-/-
We have 687,000 NZ Special Category Visa holders in Australia.
Of these 259,000 or 37% are non NZ born, usually Asian or Indian and very low grade, most would not be able to directly enter Australia. (Why they go via NZ).
The rest of the non NZ born are typically African, Middle Eastern, South American or Eurotrash, often having been in Australia & exited or refused Australian visas so they go via the NZ back door.
NZ is notoriously easy to get into, as easily defrauded as Australia in fake doc, fake health checks, child bridges, fake family & partners, fake courses, fake pretext.

The actual number of genuine NZ born in Australia is declining as the wave or arrivals in the 1980’s go back.
When was the last time you met or even heard the dulcet tones & mangled vowels of a new genuine NZ born arrival? As rare as a kiwi in the bush.

The simple fix is that the NZ / Aust SCV should be restricted to only Australia or New Zealand Born.

All non NZ Born SCV (the trafficked Asians & Indians via the NZ back door) in Australia should be placed on a Non NZ born Sub class visa & have all work rights or benefits removed. They would have to return to NZ & the migrant trafficking trade into NZ would halt overnight.

These 259,000 non NZ born SCV in Australia are just 9% of the overall migrant trafficking problem we have.

We have 2.8 million migrant guest-workers in Australia.
Most are adult. Most are of third world origin.
China, India, Nepal, Bangladesh, Northern & South East Asia, Middle East & African.
Mostly are unskilled. Trafficked in by foreign agent procurers, invariably in loan debt, on some form of visa pretext as the article outlines.
Invariably defrauded, invariably criminal, each wave of migrant guest workers then criminally facilitating the next wave in chain migration.

Only here to work (the 690,000 NZ SCV are permanent stay full work rights) , or to work illegally, to snag a PR & be the anchor in further chain migration.

The 2.8 million migrant guest-workers are now 1 in 9 of the people in Australia.
We have more guest-workers than Gaddafi at his peak.
Collectively they form a sub economy of $140 billion, with $70 billion of that in underground illegal migrant guest-workers.

They are 1 in every 5 people working.
Of that, half or 1 in every 10 people working is a migrant guest-worker in some form of visa breach.

Australia’s largest industry is supported by widespread foreign run criminal syndicates organizing the fake ID, ABN, labour rings, cash in hand & other rackets, so little or no tax paid.

Highly concentrated in Sydney & Melbourne.
1 in 4, or 1.3 million migrant guest-workers are in Sydney.
1 in 5 or 1.1 million migrant guest-workers in Melbourne.
400k elsewhere in mini-me migrant ghettos in our other cities.
Occupying some 650,000 ex Australian dwellings now foreign owned & converted to migrant only cash in gags sub let bunk share. There’s your housing bubble.

Temporary Visa Migrants by
🔹Visa Category Dec-2018
🔻est in visa breach / illegal working.
———————————————————
🔹Overstayers: 69,000, all work illegally 🔻40,000
🔹Visitor: 395,000. 40% work illegally 🔻160,000
🔹Bridging 197,000 explosion Given work rights!
🔹Foreign Student (672,000) 575,000 on student visa & 97,000 on other visas. partial work rights & partners with full work rights. 75% work illegally 🔻504,000.
🔹Working Holiday, 148,000 many illegally🔻60,000
🔹Grad Temp 65,000 Partial rights / illegally 🔻20,000
🔹Skilled Regional Prov 20,000 – fraud visa 🔻10,000
🔹Other TR 70,000, wide abuse🔻40,000 work illegally
🔹Empl Sponsored 152,000 (457 + TSS) visa fraud, cash back & fake wages. Partners as well. 🔻70,000
🔹Temp ‘Partner’ 90,000 Work illegally 🔻45,000
🔹NZ SCV 687,000. Have full work rights, over 259,000 non NZ Born Indian & Chinese via back door
🔹Bus Prov 28,000 Widespread visa fraud 🔻10,000

TR / SCV migrant guest-workers 2,431,000
Third world unskilled 2,100,000
Fake visa pretext 1,600,000
🔻Visa breach working illegally 950,000
That’s 2.4 million TR, nearly 1 million in visa breach.

Then we have on top of that another 440,000 who come in to work illegally as Tourist Visitors.
Australia has 8.8 million Tourist arrivals a year.
Many are on short & medium repeat stay. 3 months, 6 months, repeat tourist visits. Most are from China, South Asia & India. The vast bulk are not ‘tourists staying in hotels spending money’. They are mostly poor third world lowlife who can’t get in on a TR visa. Spend some time at the airport immigration or flight arrivals. Or check the Tourism Australia stats.
The vast majority are not tourists but migrant ‘visitors’ spending zero in any business or tourist activity.

These ‘tourists’ are the core of the bridging, protection & asylum claims. They also come in to use Medicare (completely broken) with a huge onshore industry in medical tourism for Indians & Asians to come here to Australia on a tourist visa to ‘borrow’ a PR or defrauded Medicare card for free medical treatment & to get the PBS subsided drugs. PBS drugs they take back to China or India to sell – which then funds their criminal syndicates & the trip.

They stay in ‘private shared accommodation’ along with the 2.4 million TR / SCV already here.

With an average 3 month tourist visa/ “repeat & multiple stay” – the Asians & Indians get max stay, that’s about 2.2 million onshore at any one time.
Consuming at least another 200,000 plus Australian dwellings as occupants in ‘visiting’.

A large percentage here on a tourist visa work. Whether that’s as a nanny, cook, cleaner, farm work, labor rings, vice work – whatever. Third world poor people in a first world country, they are here to work.

Estimates vary – but the ABF submission in 2016 to the parliamentary inquiry stated that at least 5% or more worked illegally when in Australia.
The media has exposed some of the cash in hand, fake ID & foreign criminal syndicates trafficking these migrant tourists for labor rings & vice work etc.
The real estimate is closer to 20% but using that very conservative estimate of only 5% of 8.8 million tourist arrivals yearly = 440,000 third world migrant guest-workers working illegally at any one time over the year.

So the total number is:
2.4 million TR migrant guest-workers, with at least 1 million in visa breach working illegally.
Plus another 440,000 tourist visitors of 8.8 million a year also working illegally in visa breach.

That’s 2.8 million migrant guest-workers with 1.4 million working illegally in visa breach.

🔴There’s your wages issue.
🔴There’s your GDP per Capita issue.
🔴There’s your housing affordability & Australian homelessness issue.
🔴There’s your city congestion & overcrowding issue.
🔴There’s your occupants of the vast migrant slums that now engulf Sydney & Melbourne.

The TR & TV are the core nutrient in why our cities are now vast squalid migrant guest-workers slums full of ‘Temporary Residents (TR) or ‘Tourist visitors’ (TV).

It’s not (just) the PR.
Yes the PR were mistake, overshoot & 78% unskilled & non assimilating but now they are only a fraction of the whole migrant intake. The PR averaged 190,000 a year or 1.9 million in the last decade.
The 2.8 million TR & TV are 150% of the PR, equivalent to 15 years of PR intake! Even if the PR intake was zero for the next 10 years, it does nothing to fix the core TR & TV issue.

Some action is needed.
➡️ It needs a Royal Commission.

Neither political party in Australia can be trusted to act in the public interest.
We saw in NZ that Winston Peters was elected on the promise to act on migrant trafficking including into Australia, and he has done nothing.

Here both major parties studiously avoid the issue and the mainstream media & migrant lobbyists immediately stifle & kill any discussion on it.

Only a Royal Commission will expose the full issue and have the authority to enable overriding immigration legislation.
We need:
🔸Public awareness on the true numbers.
🔸Public awareness of the job, wages & congestion & housing impacts. How the migrant trafficking affects them personally in cost of living, job loss, wages loss , loss of opportunity, degraded education & healthcare.
Restriction across the board on visas & work rights.
🔸Remove all foreign student & ‘partner’ work rights.
🔸TR visa funds checked – monthly on funds, activities, income & accommodation including rent paid & to who.
🔸Tier 1 city duration restrictions on working holidays.
🔸Remove or tighten up sponsor, spousal visas.
🔸Remove skilled work visas (with 1.3 million Australian unemployed & 1.1 million seeking work, no case for these visa categories)
🔸2 week decision on protection visas, no work rights.
No asylum in Australia if traveled thru other countries.
🔸No spousal or family sponsor visa grants to a non Australia born unless a citizen for 10 years. Only way stop the migrant cascade / chain migration rackets.
🔸Massive crackdown on tourist visitors working illegally – no long term & repeat stays. Jail for anyone found harboring & employing tourist visa holders.
🔸Removal of the NZ back door access. Aust/NZ SCV only for Aust/NZ born.

 

End of comment

Worst of all this problem has been well publicized and nothing has been done, because government officials are complicit in the scam. All of this feed corporate profits by reducing wages and driving up bank profits by creating demand for housing.

 

Another good artile about this and with specific reference to the IT 457 visa rorting:

IT firms in panicked push for local talent as visa scam impodes

AU stock market crashes: ASX down 7.9%

It’s over.

ASX down 7point9 pc

What we always feared , what we always warned you about, has now occurred: A second even worse version of 2008, possibly even worse than 1929. Never has being proven right felt so hollow.

We now have a global pandemic of a Corona virus (Covid 19), quarantines, hoarding, profiteering from panic buying, a breakdown of China (the worlds factory). For Australia this is following severe drought, Bush fires, dust storms, golf ball sized hail, and floods.

AU 40 days

Last week we saw panic buying of toilet paper to the point of empty shelves, fights in supermarkets over toilet paper. Why the shortage of toilet paper? Because China has stopped making enough toilet paper and is now using ‘Daigu’ to import it from other countries such as Australia, creating local shortages from bulk buying at supermarkets.

1583495192539

 

That is your entree to the main meal, ‘Lord of the flies’.

I now have to figure out how to incorporate a piece of sheep spine and a few shiny cultic trinkets into a workable boar speak. Gotta keep up with the Jones’s you know!

Australia announces new currency, the MilliCrime

 

Due to inflation the base unit will replace the old $10 note, because of the cash bans if you spend more than 1000 of the new MilliCrime notes  ($10,000 in the old AUD), you will have committed a crime and be sent to prison for 2 years.

We stole this artwork form the Chaser because we were going to pay, but cash is now illegal so it was too hard to complain with impossible laws so we resorted to crimes we were more familiar with. Sorry about that guys.

 

John Adams vs the Cash ban

About 6 months ago some one noticed an obscure piece of Australian legislation that was quietly shuffled into parliament. Realizing the implications they called their Australian contacts, one of whom passed the message onto John Adams. John Adams was a former Canberra insider whom seems to have become very much at odds with current Liberal party dogma. So John took the ball and ran with it,  all the way to the senate economics committee.

The war on cash is a war on freedom and the idea that cash is significant in money laundering is laughable. There is no point banning cash to prevent criminals using it to launder money,  criminals don’t care what the law is. Banks are the majority of money laundering and the banks wrote this legislation to give them selves more power over the people of Australia.

A great comment youtube:

“So Treasury and the government think that Australians should be monitored on how and where they spend their cash (which is legal tender), while letting Chinese churn their money through Australia’s real estate without any oversight as to where it came from. Secondly, when the banks fail they will be able to make withdrawals from our savings, thus really short- changing depositors who save. What are these people thinking! I thought we had liberals at the helm. This is draconian and dictatorial.”

 

Links so you can follow the saga further:

https://twitter.com/adamseconomics?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

https://www.adamseconomics.com/

https://www.youtube.com/channel/UCzwmB2wn8Slp3hko2Gpj2iA

6 figure education debt NZ version

Each generation starts with less that the one before, this now means starting with negative wealth.

Each generation starts with less that the one before, this now means starting with negative wealth.

Recently we have had debates about education funding and regulation. So it would be a worth considering the woeful path New Zealand took with its education funding model about 23 years ago.

The New Zealand loan scheme, the rapacious debt monster that for the first 20 years of its life was unbankrupt-able. Starting out at 7% plus CPI interest rates being charged daily culminating in monthly 2% penalties for non payment, this political football generated billions of dollars of debt placed squarely on the shoulders of the youngest and least able to pay. How did people deal with this in a country with shallow employment markets, low wages and few opportunities. One option was emigration and a significant number who did so simply left the debt behind. Australia with its strict privacy laws vast landscape became an attractive hideout for those who sought to escape the debt slavery of the student loans scheme. Australia is home to approximately 7500 long term non payers owing about 450 million dollars of this debt.  Worst of all was the continuous tinkering with the terms and conditions of this debt making it difficult to understand what was actually required. This confusion was exacerbated by the IRD deliberately providing misinformation to confuse and deceive borrowers in paying more that they were legally required to. The IRD is a powerful government agency in New Zealand and has on occasion enacted legislation taking force retroactively, one of the more infamous cases was the first student loan bankruptcy in the mid 1990’s where the borrower had filed for bankruptcy and been discharged after several years only to then be told the loan could not be bankrupted and the debt still stood. For almost 20 years the loans could not be bankrupted. Recent developments with contacting historical borrower appear to be a form of gaming borrowers and simply waiting until they have enough assets to chase despite ignoring them for many years. The statue of limitations on debt  ( typically 7 years) does not apply to these loans either.

Recent changes to information sharing between the ATO and  IRD ( NZ ‘s tax office) announced by Tony Abbott means that the ATO will be giving information to New Zealand regarding borrowers that are sought for payments. The Australian based hold outs have been getting some very large bills lately.

http://www.scoop.co.nz/stories/PA1502/S00379/information-sharing-on-student-loans-welcomed.htm

Recently however the NZ government relented and accepted that a NZ student loan was in fact bankrupt-able, this of course leads to the inevitable new wave of bankruptcies where the largest  (and often only debt cited) was the NZ Student loan. So here we have Kristina Andersen, New Zealand based bankruptcy specialist explaining the situation in an interview with radio New Zealand.

http://www.radionz.co.nz/national/programmes/sunday/audio/20175273/kristina-andersen-student-loans

But the New Zealand government has changed it’s mind before (retrospectively) to re-shackle a bankrupt with their student loan debt all over again.  I’m sure many of the long term defaulters are watching this situation carefully so see if it a real remedy or whether it is just more ‘bait and switch’ policy in the student loan shell game. I guess that’s the reason why they called it the student loan scheme.

Scheme ( definition)

2; an underhand plot; intrigue.

3; a visionary or impractical project.

Yes the student loan scheme certainly turned out to be underhanded and completely impractical for borrowers.

 

The amusing fact is this, NZ student loan borrowers are actually advised to consider declaring bankruptcy right after graduation.

nz student loan IRD parody

http://www.studentloan.org.nz/planning.html

So that is the possible legacy of a completely deregulated education system with loans and debt as fuel for a massive debt and bankruptcy bomb the explode in the future.

Eventually one would hope the business model of putting students in to enormous debt with the intention of farming them over a lifetime will come to an end with the simple inability to pay converged with the fact that information is now almost completely free via the internet. The voucher of a university degree will simply lose its luster as a guarantee of a better middle class life. There is of course the real competition, open source, free market online style education.

It’s seems an anachronism that people would opt for 6 figure debt for information they could get for free. Perhaps the university degree will become a thing of the past, and future people will educate them selves in a lifelong process of continuous learning.

Flowchart of civilization destruction

red pill header1

Redpill body1

You really need to see this on a really big screen.

 The word “dysgenic” was first used, as an adjective, about 1915, by  David Starr Jordan, describing the dysgenic effect of World war I. Jordan believed that healthy men were as likely to die in modern warfare as anyone else, and that war killed only the physically healthy men of the populace whilst preserving the disabled at home. Stolen straight from Wikipedia.

In essence war weakens a society immediately and for generations to come.

 

So an entirely plausible chart showing causes and effects of various social institutions and political themes leading to a feedback loop between banks and those pushing progressive (politically correct) culture.  Was this actually planned this way of was it an accidental consequence of different groups lust for power at all costs?  Either way it is a very interesting analysis of some very big issues. There is the further prong to the assault of attacking logical reasoning also, to prevent people from comprehending what is actually going on.

 

One can almost image it as a power point presentation being displayed somewhere quite vile.

Billions wasted on job search fraud

ABC 4 corners investigation has uncovered the amoral gamification of government contracts purported to offer job seeker assistance.

http://iview.abc.net.au/programs/four-corners/NC1504H004S00

This video may not be available after march 9 2015 so get in fast.

Forging and falsifying documents seemed to be industry standard practice.

Specific rorts uncovered were:

Categorizing people into more at risk categories in order to get more funding.

Claiming payments for assisting job seekers into work even when the job seeker was not assisted.

Funneling job seekers into in-house training courses  order to claim a training payment, often the training was low quality, inappropriate or never actually provided.

 

What is more shocking was successive governments were aware of the widespread fraud and waste but did nothing to punish the fraudsters.

So a total of 18 billion dollars was spent on this program, conservative estimates are that about half was fraud by the contracted  agencies.

18 billion dollars spent over a 16 year period is a lot of money, what else could be done with such a sum.

In November  1960 President Kennedy was elected and quite quickly promised to have a man on the moon before 1970.

In the period of 1961 and 1969, 34 billion dollars was spend on getting man on the moon.

So effectively we could have had half a moon landing for the price of the wacky ideologically driven ‘be mean to the battlers’ program.

The original NASA moon landing from 1961 to 1969 cost 34 billion dollars. Australia waste about half this amount harassing unemployed people in the early 21 century and has not landed a man on the moon.

The original NASA moon landing from 1961 to 1969 cost 34 billion dollars. Australia wasted about half this amount harassing unemployed people in the early 21 century and has not landed a man on the moon.

So who is behind all of this, who else Tony Abbott,

Minister for employment when the program was announced,

under John Howard.

 

 

Sub prime mortgage crisis explained

I’m sure there are a few people other there really not sure what the sub prime crisis was, or what caused it to occur.

How did so many supposedly smart financiers and bankers get sucked into it, or where they knowing and willing participants, feeling that they were not going to be held liable.

I must admit if you use the language of the accountants, lawyers, banker and government its really hard to decipher what actually happened and who was at fault.

What you do know is you got shafted but you aren’t exactly sure how this happened.

Help is at hand.

Here is a really good common sense explanation of what happened using a small pub as an example. This analogy is approved my our economics adviser as ‘more or less what happened’.

===

Mary is the proprietor of a bar in Dublin. She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronise her bar.

To solve this problem, she comes up with a new marketing plan that allows her customers to drink now, but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).

Word gets around about Mary’s “drink now, pay later” marketing strategy and, as a result, increasing numbers of customers flood into Mary’s bar. Soon she has the largest sales volume for any bar in Dublin.

By providing her customers freedom from immediate payment demands, Mary gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer, the most consumed beverages. Consequently, Mary’s gross sales volume increases massively. A young and dynamic vice-president at the local bank recognizes that these customer debts constitute valuable future assets and increases Mary’s borrowing limit. He sees no reason for any undue concern, since he has the debts of the unemployed alcoholics as collateral.

At the bank’s corporate headquarters, expert traders figure a way to make huge commissions, and transform these customer loans into DRINKBONDS, ALKIBONDS and PUKEBONDS. These securities are then bundled and traded on international security markets. Naive investors don’t really understand that the securities being sold to them as AAA secured bonds are really the debts of unemployed alcoholics. Nevertheless, the bond prices continuously climb, and the securities soon become the hottest-selling items for some of the nation’s leading brokerage houses.

One day, even though the bond prices are still climbing, a risk manager at the original local bank decides that the time has come to demand payment on the debts incurred by the drinkers at Mary’s bar. He so informs Mary.

Mary then demands payment from her alcoholic patrons, but being unemployed alcoholics they cannot pay back their drinking debts. Since Mary cannot fulfill her loan obligations she is forced into bankruptcy. The bar closes and the eleven employees lose their jobs.

Overnight, DRINKBONDS, ALKIBONDS and PUKEBONDS drop in price by 90%. The collapsed bond asset value destroys the banks’ liquidity and prevents it from issuing new loans, thus freezing credit and economic activity in the community.

The suppliers of Mary’s bar had granted her generous payment extensions and had invested their firms’ pension funds in the various BOND securities. They find they are now faced with having to write off her bad debt and with losing over 90% of the presumed value of the bonds. Her wine supplier also claims bankruptcy, closing the doors on a family business that had endured for three generations, her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 150 workers.

Fortunately though, the bank, the brokerage houses and their respective executives are saved and bailed out by a multi-billion euro no-strings attached cash infusion from their cronies in Government. The funds required for this bailout are obtained by new taxes levied on employed, middle-class, non-drinkers who have never been in Mary’s bar.

Now, do you understand economics in 2015?

Share this with your friends by clicking below!
===

<Original source with sharing buttons on page.>

http://comicchill.com/?p=72

Worst of all this could still happen to other parts of the economy, including the monetary system, your cash in hand could suddenly become as worthless as a 2006 sub prime CDO.

Shout out to M V.

Syria,Kurdistan, ISIS, Oil, Pipelines, BRICS and geopolititcs

 

 

 

Some very interesting geopolitical analysis ( treating the world as a chess board) relating to OIL, the middle east and the interested parties.

It hardly looks all that significant , but your quality of life literally flows through this steel pipe. Who controls these pipes ane where they are built or destroyed are what most wars in the last 100 years have been about.

It hardly looks all that significant, but your quality of life literally flows through this steel pipe. Who controls these pipes and where they are built or destroyed, is what most wars in the last 100 years have been about.

 

Here is a useful map to help you understand current and potential future political borders in the middle east.

photo1

900 Million dollar poverty enforcement scheme (work for the dole)

UnicornFishingTagged

 

http://www.abc.net.au/news/2014-07-28/will-work-for-the-dole-increase-your-chances-of/5630302

From this article today, which you may have seen on television today if you watch ABC.

http://www.abc.net.au/news/2014-07-28/government-reveals-details-of-dole-overhaul/5627660

 

Now watch the video again considering these details which you may have missed:

1) Food was being delivered to people who would otherwise go hungry.

This means poverty is severe and welfare is clearly failing. This generally means there are very limited prospects for employment in this area because money is simply not flowing in this community.

2) Tons of food was being transported,  in particularly vegetables and bread. Question is why aren’t these products being sold in supermarkets? Are supermarkets simply squeezing out  local manufacturers?

3) The young woman (Stacey Binns) was working for no payment.

This means no amount of work she was doing would increase her disposable income, and would not start money flowing in her community. Therefore what she was really doing was being forced to perpetuate the poverty in her community.

4) The young woman (Stacey Binns) quite rightly pointed out that there are hundreds of application for every job advertised. Her chances are slim of getting out of the poverty trap deliberately created around her.

5) This is one of 18 high unemployment areas around Australia where this scheme has been rolled out this month and already the federal government wants to expand the scheme further making it nationwide by July 2015.

6) The government will spend 900 Million dollars rolling out this scheme, that’s almost  enough to send a rover to the surface of Mars. It well known that these schemes are generally not successful and actually if anything reduce the chances of transition from welfare to work.

7) 900 Million dollars is enough money to give 18,000 people 50, 000 for one year, I think 18,000 people having a basics income would generate more jobs than a downward economic spiral. The almost 1 Billion dollars will be wasted on a variety of corporate scumbags lining up for a hand out while attacking people on benefits.

8) Work for the dole or ‘help and hassle’ welfare schemes only really function when the economy is super hot and unemployment is extremely low (2% or less), not when unemployment is well above 5%.

9) All of this has been tried before and even without the stipulation to engage in slave labor, when there are no jobs no amount of looking for them will be successful.

 

Proof? (Warning kiwi accents.)

I cant try any harder!

-A young man shows quite succinctly by canvassing numerous Auckland suburbs that the jobs were simply not there.

The clip is from a much larger series by Alistair Barry which you can find links to here:

https://occupymelbourne.net/2014/05/21/australia-2014-copies-new-zealand-1984/

 

Don’t be too impatient give it a few minutes, you are practically looking at a working crystal ball, everything you are seeing now in the Australian economy was tried in New Zealand 25 years ago. The result was a disaster, by the time the right wing neo-con government was voted out off office in 1999 , the economy was shrinking at 2% though strangely the government  statistics department was claiming it was growing at 2%. Though that is a separate scandal in itself which strangely got very little media traction. Of course this all happened while most western economies were booming, showing how much of a complete failure it was to improve the economy.

This of course was simply a tactic to reduce the average wage and introduce a whole new strata of New Zealand society to a lower standard of living ,and quite a  few to abject poverty. Interestingly this right wing government launched a radical slashing of welfare just after assuming office on a strong majority after a lack luster two term Labour government with leadership changes in the dying days, sounds too bloody familiar.

 

Inflation note:

For reference in 1991 $50 NZD was worth about $86NZD in today’s money. The inflation problems experienced in Australia in the 90’s had already happened in NZ in the 80’s. Food prices are comparable with Australian prices though meat is about 20% less expensive due to exceptional livestock rearing climate (fertile soil, lack of drought and neither too hot or cold most years). Beer and other alcohol is 50% cheaper due to much lower excises, personally I think if it wasn’t the country would be empty and Bondi  Beach would be full. New Zealand actually produces enough food to feed itself and all of Australia, a good reason to be in the good books with the bloody kiwis, or at least have a comprehensive invasion plan.

 

 

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