Australia has just announced changes to superannuation in the upcoming May budget that point to a partial nationalisation of the scheme. This is being done to prop up a $1bn a week shortfall in the budget. In plain English – Super funds will be forced to ‘lend’ the Government money at little or no interest to […]
From the newspaper today : FEDERAL parliament has been petitioned to ban Islam and crack down on halal certification. A PETITION before the House of Representatives wants parliament to take action on “banning Islam from Australia through legislation or referendum”. It argues Islam contradicts and divides the constitution and should be considered a sect. So far […]
As everybody else wades in, I guess I’d better ad my tuppence worth too. Top Gear was great – every man’s secret wish was to be paid to do what they did on Top Gear – AND get paid for it! Rock star lifestyle and fun all day long! (well, until the cameras stopped rolling). […]
There’s a number of reasons : It costs more than people are (currently) willing to invest because the return on investment is seen as too risky or too far into the future (10 years from now would need a return of 1000% on investment – Cost of venture capital, compounded and with a profit margin […]
Yet another country joins the stampede to join the Chinese International Payment System (CIPS) system. Australia has now joined Britain, Brazil, Russia and some dozen plus more. Talk about a blunt message to your ‘Best friend’. Britain is now a Founding member of the group in a move guaranteed to set Capitol Hill on edge. Suddenly the playground […]
I received an interesting email the other day that got me thinking. The email wanted me to atone for past alleged sins and mend fences with someone. Why now, after 5 years have elapsed, much water passed and the requester and beneficiary both past 60 summers on Earth? I took off the tinfoil hat and replaced […]
Historically, when a nation’s debt exceeds its ability to repay even the interest, it can be assumed that the currency will collapse. Typically, governments exacerbate the situation by printing large amounts of currency notes in an effort to inflate the problem away, or at least postpone it. The greater the level of debt, the more […]