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Financially Wise

Locality: Brisbane, Queensland, Australia

Phone: +61 419 726 161

Address: Nundah 4012 Brisbane, QLD, Australia

Website: http://www.financiallywise.com.au

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25.01.2022 What they don't say is that the economy actually needs to grow by another than 4+% again just to reach the starting point. And this is with JobKeeper, JobSeeker, mortgage holidays, non existent interest rates, banks not foreclosing, early super withdrawals and other stimulatory measures put in place for literally billions in debt that our children and grandchildren and other not currently voting, not even born yet generations will bear with tomorrow's income, that is not guar...anteed. All for today's consumption. We haven't even begun to feel the real impact of the downturn with all these artificial propping up measures in place. Just wait until they're removed... https://thenewdaily.com.au//12/02/economic-growth-austra/

25.01.2022 The entire Australian economy had, until very recently, been propped up with so much government intervention and stimulus through JobKeeper, JobSeeker, Home Builder etc., superannuation drawdowns, banks granting mortgage holidays and various other measures that the real effects of the economic slowdown have not just not been felt, some people were actually better off. Not to mention adding unsustainable and unnaturally low interest rates for far too long. Totally ridiculous. ...We're in a recession, it's supposed to be difficult! Let's see what happens when all these props are removed before making any predictions. And if the economy cannot survive without all these props in place, that tells you the state of the real economy so much better than any graphs and figures and statistics will. https://www.news.com.au///a66f6059f6fedc4d425ca77ac41a93cd

24.01.2022 The RBAs record for predictions is abysmally bad. They pretty much get everything wrong. Lets see how well they do with these. At least rates are on hold for the time being. Small comfort for those who rely on interest income. https://au.finance.yahoo.com//rba-makes-christmas-interest

24.01.2022 Nothing matters except ever rising house prices. The Hayne Royal Commission was merely a blip. Failing policies that try to minimise money laundering are but a small bump in the road. Dont let something as petty as highly suspect lending practices or possible money laundering get in the way of house prices continuing their unsustainable rise. https://www.michaelwest.com.au/fatf-caves-as-australia-ke/

23.01.2022 Theres lies, damned lies and statistics. Our federal governments on all sides are out of ideas and so resort to unsustainable, only good for the short term at the expense of the long term policies. From 2000 to 2018 our population increased by nearly 25%. Thats not good planning, thats desperation. "... Australia has been using a lazy economic model that relies on immigration to boost the economy rather than using business investment to increase productivity.... Our strategy over the last decade has been very short term, said Stephen Anthony, chief economist with Industry Super Australia. Weve got population growth twice the average of most OECD economies and then some. It has been a real estate-driven strategy, especially in the major cities. What Ive been saying all along. And now our gross over investment in non productive consumption items at the expense of real business is acting as an anchor to our economy and standard of living. The government is trying to hide this with massive immigration Ponzi scheme population growth. https://thenewdaily.com.au//what-is-hiding-the-true-posi/

22.01.2022 The "official" unemployment rate is a work of fiction. The "real" unemployment (and underemployment) rates are much higher than the ABS would have you believe. Refer to the Roy Morgan figures and youll get a far more accurate figure as they use the system of calculating unemployment that was used 30 years ago, before the figures were "seasonally adjusted" and so totally manipulated to be utterly meaningless. https://www.news.com.au///d0e04e61ad58d2b454e9ad0ee7fad080

22.01.2022 Hmmmmm. The government is puzzled when the return of our own money through tax cuts hasnt had the desired effect on lifting the economy. There are a number of reasons. Here are just a few. Firstly, the recent three rapid rate cuts in quick succession does not inspire confidence, rather it sends a signal to people that the economy is in trouble, so they dont spend. Secondly, many people are so indebted, they used the funds to pay back debt rather than get into further debt. ...The recent Qld government taxpayer funded one off bonuses to public servants for no productivity increase also mostly went to repaying debt and not into the general economy. Thirdly, wages are stagnant because we have massively over invested in housing, a non productive, consumption item that does not create jobs, instead of in businesses that create a real product or service and jobs. Fourthly, the real unemployment and underemployment rates are far higher than the official rate. Probably double. These people either didnt qualify for a tax rebate or are not likely to spend any additional money coming to them. Theyll save it because of the uncertainty of their jobs and the wider economy. And finally, despite our current record low interest rates, savings have increased in recent time. People are now more concerned with return OF investment rather than return ON investment. https://thenewdaily.com.au//household-spending-lowest-gfc/

22.01.2022 A frightening trend, and one to try and circumvent. Once cash is no longer used, there will be no reason not to ban cash and suddenly we have lost control of our own money. https://thenewdaily.com.au//digital-divide-australia-covid/

21.01.2022 Three rate cuts to record, never before seen levels and the best that can be managed is a "gentle turning point"? Same reason those countries with zero or negative interest rates dont have booming economies. But then, even a dead cat bounces once.... https://www.news.com.au///0733d5f488ac54a5af3c60555fd9293c

20.01.2022 We seem to have reached a new level of stupid. Why the heck should taxpayers pay for people's rent? The government has no such responsibility to buy private debt. It's bad enough the RBA is buying government debt with QE. There are still people who lost their homes in bushfires a year ago who have nowhere to call home. They're the ones that need more help. Priorities people! https://www.smartpropertyinvestment.com.au//21992-should-l

20.01.2022 Well, well, well. How refreshing it is to see a far more accurate reference to the real unemployment figure. And from the Treasury boss no less. The figure from Roy Morgan for the combined unemployment and underemployment figures is closer to 25%, which is frightening enough. Im also doubtful about the peak happening in May or June. Its likely to be later this year and continue into 2021, if not later. Im also very doubtful about either a V or U shaped recovery. Its more ...likely to be an L shaped one, and lets be quite frank, the global economy hadnt even recovered from the GFC. Not even close. Not if it takes $5 of debt to create $1 of productivity, and the whole shebang threatens to fall over as soon as the Fed makes move to remove stimulus and when the RBA has to resort to unprecedented never before seen, ultra low interest rates and QE. Despite all this, the economy still looks shaky and growth is anaemic, at best. Inflation barely nudges 2%, but thats most likely because were in a massive deflationary period. Something that seems to have skipped most economists notice. https://thenewdaily.com.au//senate-committee-covid-19-tre/

20.01.2022 Heres a lesson on what not to do. This isnt investing. Its speculating. All that so called equity is unrealised. So what goes up can also go down. This so called "investor" doesnt really own any of these properties. The bank does. https://www.realestate.com.au//investor-with-200plus-pro/

20.01.2022 Oh well, thats all right then. Then again, given the RBAs abysmal record on forecasting, can we assume that if the RBA says theyre not looking at unconventional policies and negative interest rates, its more than likely theyll actually implement it? Even though it has done absolutely nothing for those economies that do have it? Heres an option that they probably have not even considered. Leave it alone and stop meddling!... https://www.news.com.au///ceeae471597adc5de3490d78a8f6e0e9

19.01.2022 Part four of the 7.30 Report into the state of the Australian economy. This one looks at our dependence on China (far too much, which leaves us very vulnerable and exposed to what happens to them) and finally, belatedly recognising that we need to become more innovative and invest more into business. Again, our extremely simplistic economy, based on pretty much just digging stuff up and building houses, leaves us extremely vulnerable and exposed to any downturn anywhere in the world or even just unfavourable world events. https://iview.abc.net.au//7-30/series/0/video/NC1901H184S00

19.01.2022 Rents are increasing faster than wages, higher than CPI and our pathetically low interest rates mean retirees and those dependent on interest income get increasingly lower returns and cant keep up with rent rises. https://thenewdaily.com.au//rental-poverty-older-australi/

18.01.2022 Theres something very wrong with an economy that relies on gaming the system and economic numbers by boosting the population with with unnaturally high immigration rates. And for what? To keep the property bubble inflated and keep the welfare state going a bit longer? This is, at best, a short term and extremely short sighted policy and little more than a population Ponzi scheme where the population needs to double every generation. When the population has increased by 25% o...ver a 20 year period, thanks to immigration being higher four times higher than the 20th Century average (as our birth rate is 1.7 children per couple), but investment in water infrastructure on the driest vegetated continent on Earth has only increased by 2%, thats not planning. Thats just plain stupid. But then none of our governments are and were ever forward thinking enough to come up with a long term plan for the country. Just a short term plan that will create more problems in the long term than it solves in the short term. And if thats their only plan, what happens when a global pandemic hits and that plan gets tossed out the window? https://www.realestate.com.au//lower-migration-due-to-cl/

17.01.2022 This has been on a few peoples posts and shared a few times, but its worth reposting here. Very thoughtful and insightful article. Frightening too. And still our government thinks a "big Australia" is a good thing and keeps our immigration rate high. https://globalcomment.com/why-climate-change-is-an-irrele/

17.01.2022 The Christmas spending figures have not yet been released, but given current debt levels, people paying these down, uncertainty over job security and stagnant wages, theyre probably not going to be record breaking this year. Trading has probably been brisk leading up to Christmas, but dollar spends are likely to be lower. People are moving away from giving and accumulating more "stuff" to more meaningful things at this and more recent Christmases. Also, homes are getting sma...ller and therefore require less "stuff" or have sufficient room to store anything. The best advice I can give is dont get into debt or any more debt to buy more "stuff" for Christmas, especially if youre feeling the pinch. Lets see what the Boxing Day sales are like, but given that just about all retailers have had sales for the entire year, theyre not likely to break records this year. https://thenewdaily.com.au//20/12/18/christmas-spend-rba/

16.01.2022 The RBA doesnt need to DO anything. Its their actions that have brought us here. https://thenewdaily.com.au//wages-strike-capital-rba-sta/

16.01.2022 Interesting read about a couple of entrepreneurial Mums. https://www.news.com.au///bb9dc4e1bfe764af362b6e2d453257eb

16.01.2022 We need to stop pushing this fallacy of endless continuous growth. Its not natural. Prior to the rise of central banks, economies expanded and also contracted and it was in balance. Sound money was also in use. The media is partly complicit in this fallacy, with their scaremongering of the possibility of recession and continuously reminding us of Keatings "recession Australia had to have" while touting our amazing "luck" of a generation of (unnatural, manipulated and mostly... accidental) "growth". Of course a fiat currency (which all countries now have) cant operate without continuous growth. Politicians and central bankers have pushed various policies to try and "control" the economy. These provide a short term and initial boost, but the long term effects of these policies are now acting as anchors to the economy. And our politicians and central bankers, by not allowing the market to do what its supposed to do by desperately trying to stop downturns and keep growth continual, have virtually guaranteed a hard landing, when (not if) the market finally turns. As it inevitably will. https://www.news.com.au///4cfde08aa4b4c27f5fdcb9e75afa4680

15.01.2022 Well, he got this right for starters. " ...Dr Henry said the nations current economic weakness was potentially far more concerning because it appears to be driven by long-term "secular" problems, not a one-off shock." And hes spot on here.... "A key long-term problem, according to Dr Henry, is a slowdown, and now decline, in productivity." We are massively, over invested in non productive, consumption items such as housing. A property does not create long term ongoing jobs. And our tax system rewards those who make losses on their "investment" in this non productive, consumption item. He suggests as much here in one proposed tax reform "... changes to the taxation of investments, largely to reduce the bias towards residential real estate." The question then is, why did he not do anything or suggest this when he was in charge of Treasury? https://www.abc.net.au//ken-henry-australian-econ/11773832

15.01.2022 This is not a surprise to anyone with even a very basic understanding of economics. Our governments and central bankers only ever think short term. And their only concern is constant economic growth. Theyre obsessed with the so called wealth effect, as it supposedly gets people spending in the economy. They establish tax systems that reward so called "investors" who make a loss. They will do anything to keep the housing bubble inflated and the economy expanding by reducing i...nterest rates to record low levels to encourage ever more increasing debt. This model has ensured that Australians have massively over invested in property and housing, a completely non productive consumption item, at the expense of real productive businesses that create a good or service and provide real ongoing employment. This model has ensured that personal debt levels are now so high at approximately 200% of household incomes that a larger percentage of income goes towards loan repayments rather than discretionary spending. People are now so indebted, the recent interest rate reductions mean people are using their extended capacity to pay down debt, not spend it in the economy. This model has ensured that those who rely on interest income are no longer making sufficient returns and have to draw down on their capital just to survive, thus having less available money to spend in the economy. There are so many other unintended consequences of this short sighted policy, but still the politicians and central bankers are puzzled why the economy is doing so badly. Their knee jerk response is to keep doing what theyve always done, and kick the can down the road. They are more than likely to reduce rates yet again next month and raise the possibility of quantitative easing. But what happens when we can no longer kick the can down the road? Are we at that point now? Are the chickens finally coming home to roost? https://www.news.com.au///14c50866e94b06b94f2a392310a12056

15.01.2022 Absolutely spot on. Central banks and bankers around the world cannot save the economy now. Their policies set in place many years ago have resulted in the situation we are now. As Ray Dalio points out, the money created through various forms of quantitative easing to increase inflation and to spend in the economy is being invested instead.... So we now have asset bubbles where the underlying asset in no way reflects its real value. So why is the RBA intent on pursuing actions that have clearly not worked anywhere else in the world? Time to get rid of central bank interference and let the market decide the price of money. https://www.ccn.com/jerome-powell-knows-federal-reserve-de/

15.01.2022 If official interest rates had not been kept so low for so long, its entirely possible the economy would be in a much healthier position without the debt burden dragging and slowing economy down. They should at the very least remain static in the foreseeable future or start to rise slowly. If the last three recent cuts have not worked, then quite obviously any future cuts wont work either. Better still, let the market decide the price of money.... https://thenewdaily.com.au//rba-rates-increase-decrease-p/

13.01.2022 Let the boondoggles begin. With record, eye watering debt levels that won't be repaid until the end of this Century. Assuming no new debt is added of course. But that's OK, those too young to vote or who are not even born yet will pay with tomorrow's uncertain and by no means guaranteed income, for today's consumption.... https://thenewdaily.com.au//20/10/06/federal-budget-2020/

13.01.2022 Worrying but unsurprising. If consumers are not buying, why invest in capex? People are paying down their debts rather than going out spending. https://www.news.com.au///c7d34bf65ac394a6e10c69bfd6852c86

11.01.2022 Our governments are out of ideas and only ever think short term results instead of looking at the long term. So to counteract our aging population, keep the housing bubble inflated and the welfare state going their answer is to massively increase immigration into the worlds driest vegetated continent, where we sell off our food security and cannot even guarantee reliable electricity supply in some states. From 2000 to 2018 our population increased almost 25%. Thats why popu...lations targets are being met many years before they were originally thought theyd be reached. By contract our dams and water infrastructure has only increased 2%. Its why we have such massive traffic congestion and why were asked to accept infill development, more attached dwellings and much smaller homes. This is, of course, nothing more than a giant Ponzi scheme. Every generation we have to keep increasing the population to provide the welfare demanded for the last population. Typical government thinking. https://www.4bc.com.au/dick-smith-slams-idiots-setting-mi/

10.01.2022 Well gee, why would there be a downturn in demand for flats? Might the dodgy high rise buildings with cracks and risk of collapse, highly flammable cladding, people not getting what they paid for with their plan purchases (a word to the wise, never, ever, ever, EVER buy off the plan if you can avoid it) and huge drop in Chinese buyers have something to do with this? Perhaps its pressure on the federal government to reduce our unsustainably and unnaturally high immigration ra...te that is racing ahead of infrastructure building thus reducing demand? There arent any jobs for these people anyway. The real unemployment rate is closer to double the official rate. Or maybe its the fact that people dont want to saddle themselves with 40 years of huge debt any more? And many of them already have huge existing debts. Or maybe its just that when you over invest in unproductive consumption items, eventually demand pulls back. https://thenewdaily.com.au//12/06/property-construction-/

10.01.2022 Well, were not "officially" in a recession yet. Not until the data for the April-June quarter comes out. However, based on the the US National Bureau of Economic Research, I would say that the Australian economy never really recovered from the GFC in 2008 (and neither did the rest of the global economies). In that time: Our real growth PER CAPITA has been going backwards since then. Wages stagnated.... Chinas buying of our resources during the GFC was what really saved us. This wont happen this time. Our debt levels for governments but especially private debt went to eye watering levels, at the second highest level in the world. Our economy is incredibly simple. Watch as our governments now desperately throws everything possible at keeping the property bubble inflated, try and bring forward consumption and spend billions of dollars (read debt) to try and minimise the impact. Never mind that bringing forward this consumption means at some future stage demand will drop off again and the burden of debt will be passed onto us, our children and grandchildren. But of course they dont vote yet, and many are not even born yet. Never mind that currently about one million households are in mortgage stress. Never mind that it now costs $7 of debt to create $1 of production. And most of all, never mind that recessions are actually a necessary part of an economic cycle. And no, I dont think we are already on the way out of it. Its been distorted with JobKeeper and JobSeeker and various other stimulus measures. When all that stops, it will all come crashing down again. https://www.abc.net.au//recession-we-knew-we-were/12319554

10.01.2022 The numbers have dropped slightly from 10% (thats one in ten borrowers), but 9% of borrowers have deferred loan repayments. If you have not just a mortgage, but any other debt at all, use the record low interest rates we currently have to drive down your debt as much as possible. Use these low interest rates to your advantage, not to the banks advantage. Your aim is always to reduce debt as much as possible with the ultimate goal to be debt free.... Remember, your wealth is measured in what you OWN, now what you OWE. https://thenewdaily.com.au///loan-deferral-end-repayment/

08.01.2022 I think this author is putting far too much stock on education and a university education in particular. There are some degrees that will be completely useless for a lot of people, and many more people who wont be able to find jobs in their chosen disciplines. Many would have been better off learning a trade. And while most Millennials are tech savvy, only a very small number of them will be able to leverage on the knowledge and start a business. The ones quoted are but the ...few that became successful. The changing job landscape will not help them when a recession hits. Low interest rates will not help then when a recession hits. Not with their debt loads. https://www.news.com.au///299578b70e76d0abdd76c00f36325eab

08.01.2022 Thank goodness for small mercies! https://thenewdaily.com.au//rba-interest-rates-budget-20/

08.01.2022 Its seriously difficult to take these predictions seriously. This is the same bank that a few months ago was forecasting property prices falls of 40%. The truth is, we dont know what will happen in the future. Prices could fall, prices could rise, or prices could remain steady. But what is significant right now is that the economy is being massively supported with so much stimulus that some people are actually better off income wise than pre COVID-19, with wages higher beca...use of government supplements than this time last year. And bear in mind that wages have been stagnating for years, in fact, real wages after inflation have been going backwards. Many people are sensibly using this extra income to pay down debts, especially credit card debt. Good on them. This massive boost to peoples incomes, plus banks offering mortgage holidays (note, this is not being waived, merely deferred and added to the amount and term of the loan. Banks are NOT your friend), is grossly distorting the true value of the market. Lets revisit this when ALL government and bank support has been withdrawn, and see if the economy can survive without all this stimulus. My guess is that the government wont have the stomach to let the market do what its supposed to do and throw everything it can to keep property prices from falling. One thing to remember is that eventually, the market ALWAYS wins. https://thenewdaily.com.au//house-prices-australia-coron/

07.01.2022 Beware unintended consequences. Newtons third law of physics state that for every action there is an equal and opposite reaction. According to the economic theory books and models used by the RBA (& fully supported by our politicians btw), lowering interest rates should supposedly give those with loans more discretionary money to spend in the economy. But this also means those relying on interest for income now have less discretionary money to spend in the economy. Its a ze...ro sum game. But its actually not. Its much worse than that. Keeping interest rates too low for too long usually results in people taking on more and more debt. Often more than can be safely repaid. So more income is used to repay debt, leaving less discretionary money to spend in the economy. And lowering interest rates sends a message to the general populace that the economy is in trouble, even if its just subconsciously. So lower interest rates results in people paying down their debts, again not spending it in the economy. And all the while also depriving those relying on interest for income with less money to spend. Sounds like lose-lose to me. https://www.abc.net.au//interest-rate-cuts-put-pr/11829548

06.01.2022 Harris Scarfe is the latest in a long line of closures. And our RBA governor in a speech yesterday was puzzled why consumers are not behaving the way his text books and models say we should. He said he couldnt understand why people werent going out and spending the extra money from their tax cuts and extra money from the savings on their mortgages thanks to ultra low interest rates.... He seems, like central bankers the world over, to think that the economy is a single entity that he can control with monetary policy or the government can control with fiscal policy. He would be wrong on both counts despite what modern economic text books say. An economy is made up of the sum of all the parts and unless he asks 25 million Australians what they intend to do, he wont and clearly doesnt have a clue, because he seemed quite confident that people will go out and spend again in due course. They wont of course and its too late for Harris Scarfe and all the other businesses that have closed to date. People are saving more and paying down their debts as fast as they can. Cutting interest rates three times in quick succession to well beyond emergency levels signals to people that the economy is in trouble. Keeping interest rates too low for too long also didnt help as people loaded up on debt and we now have a 200% debt to income ratio. Its not rocket surgery, just plain common sense, but thats a scarce commodity in the hallowed halls of Martin Place where people who have been zombie parasite public sector workers their entire life are far, far removed from reality. https://www.news.com.au///e0dd950cec0215563f3b9ca8d89a5b4e

06.01.2022 Oh my goodness, so much just plain rubbish here its hard to know where to begin. What on Earth is being taught in modern economics classes? Whatever it is needs to stop straight away, and some plain common sense brought into play. For example, NONE of the countries listed in the article as having policy instruments used by their central banks that have thankfully (for the moment anyway) been ruled out for use by the RBA, have booming economies. Not one. They have lukewarm to... cold economies at best. If I didnt know any better, Id say this article was written by as a joke. Frighteningly, its serious, and this is the way most modern economists think. That an economy is a model that can be controlled by various things central banks and politicians do. Its not and it cant. Thats WHY were in the mess we are today. The proposed "solutions" to our economic problems CAUSED the problems in the first place. Modern economic theory cannot connect the dots or differential between casual link and causal link. https://au.finance.yahoo.com//rba-tools-reluctant-04274290

06.01.2022 There has long been many voices who have argued that there is at least one and possibly two too many layers of government in Australia. Heres an argument to perhaps get rid of local government. I agree that many local governments seem to forget what their remit actually is. One former Brisbane City Council mayor described it succinctly as rates, roads and rubbish. Many Councils and Councillors seem to have forgotten this. For an organisation that is not formally recognised i...n the Australian Constitution, some of them behave with breathtaking arrogance. Heres what this article author thinks Councils can do. " ...To examine the three bloated layers of government in this country. To tally up the billions of dollars it costs us because of all the duplication and bureaucratic waste. To understand that a great nation is the sum of its people, not those who govern them." Sounds like a good start to me. As he rightly notes in the article "No one disputes the sad fact that Australia is surely the most over-governed country in the world." https://thenewdaily.com.au//garry-linnell-local-governme/

06.01.2022 Its always good to have financial goals. Add them to your 2020 resolutions. https://thenewdaily.com.au//2019/12/29/financial-goals-ro/

06.01.2022 You need to look at more than just taxes paid to the federal government (eg. GST, income and company tax). What about state and local government taxes? We all have to pay those too, including stamp duty, which was supposed to be phased out with the introduction of the GST, and payroll tax, which was introduced during the war and supposed to be abolished after that. If an increase to GST is proposed, then at least these state government taxes have to go. And then theres Coun...cil rates. Australia a low tax country? Not likely with THREE levels of government and associated politicians, bureaucrats, public servants and other freeloaders to support. https://thenewdaily.com.au//12/06/australias-tax-feels-h/

03.01.2022 Indeed. If politicians and central bankers keep meddling to avoid a small recession now, they pretty much guarantee a much larger recession or even depression later on. Its called kicking the can down the road. The question then is, have we reached the can? "... For OECD Chief Economist Laurence Boone, the worry is that the world could continue to suffer in the decades to come if authorities offer short-term fiscal and monetary fixes as the only response.... "The biggest concern is that the deterioration of the outlook continues unabated, reflecting unaddressed structural changes more than any cyclical shock," Boone said. "It would be a policy mistake to consider these shifts as temporary factors that can be addressed with monetary and fiscal policy: they are structural." https://www.smh.com.au//the-world-may-have-a-bigger-proble

03.01.2022 "Will the government eventually allow a major housing correction to take place in our largest capital cities? Or will they throw the kitchen sink to stop that from happening?" The RBA and our government will pull out all the stops to ensure that property prices remain high. Don't underestimate the lengths they will go to in order to get people to keep borrowing more money and keep the property bubble inflated. And it will probably work for a while. Until it doesn't...... https://thenewdaily.com.au//home-loans-record-property-p/

02.01.2022 Interesting. It's true that self funded retirees and savers are usually hard done by. So no surprise that this continues. But please, spare me those bleating about the delays to their "big Australia" plans. It was just a few years ago that we hit the target of 25 million people years earlier than expected, or have they forgotten that? Australia is the driest vegetated continent in the world and some areas are still experiencing years of drought. Brisbane dam levels are fallin...g and restrictions will be in place soon. During the years of the 21st Century our population has increased by 20%, but investment in water infrastructure has been 2% over the same period. But no, let's keep cramming in more and more people! That's not a plan. That's just lunacy and extreme short sightedness. https://www.news.com.au///99373efb04f6276be2a84622eefe1f85

02.01.2022 Divorced older women are over represented in these statistics, as many of them are unable to start again when a divorce happens to them later in life. But homelessness is on the rise in general among older people. Part of the reason is that housing has become a commodity with some vague wealth building possibilities, pushed by spruikers and our politicians instead of just being shelter. https://thenewdaily.com.au//11/27/ahuri-older-homelessness/

02.01.2022 Part three of the 7.30 Report into the state of the Australian economy. This episode discusses our aging population and our massive immigration rate. Doesnt really reflect on the fact that this is not a solution, as these new immigrants will also age and more and more new immigrants are required to prop up the welfare state. Its nothing more than a Ponzi scheme, but nobody wants to mention that. Thats a problem for another government and our children and grandchildren to deal with. https://iview.abc.net.au//7-30/series/0/video/NC1901H183S00

02.01.2022 Reality has not hit yet. Not even close. The official figures are being artificially propped up by government stimulus. This hides the real effect and will make whats to come ahead, so much worse. It was artificial stimulus during the GFC that ensured that the ensuing years from 2008 until now have been insipid and far from impressive with an average of 2-3% growth and when adjusted for our even extremely low inflation figures, is actually zero or negative growth. The bulk o...f the growth is debt funded and this is the crux of the problem. Despite literally trillions of dollars thrown at the global economies to try and stop the slide into recessions and goose up some growth, any growth, this will be ultimately doomed to fail. Why? Because real growth and real wealth comes from real productivity. From creating a real good or service from real businesses. Not from governments and central banks printing truckloads of fiat currencies to try and "stimulate" the economy. It wont work. It has never worked. Despite what the MMT proponents say, if they ever lifted their heads out of their theoretical text books to actually look into the real world, theyd see that its not working. https://www.news.com.au///71c7753919ae8edb43123d70ce9ad764

02.01.2022 Further to the previous post about cash becoming a scarce commodity, it also becomes more difficult to teach financial literacy to children should cash disappear. Another reason, as if one was needed, to keep cash. And to encourage financial literacy in our younger generations. https://thenewdaily.com.au//financial-literacy-teach-kids/