Hi readers
Economy's around the world thrive on marco economic reform.
We live in a new world where past tools no longer work.
In Australia we have seen interest rates cut how many times and yet growth is almost non existent.
What central banks around the world don't understand is that this premertive tool to boost the economy no longer works.
All you are doing is diluting pensioners from obtaining interest on there bank deposits and letting the wealthy become even more wealthy..
Perfect example look at the U.S. model.
It's a complete illusionary idea that the economy has restored growth.
Numbers are being manipulated to make the economy look rosy.
Fact is ask how many people have full time work in your street, (38 hour weeks not 18)
If housing is growing why is California or any other state in the US apart from New York, vacancies are over 50%.
Remember last year when we said that hedge funds bought homes and sat on them, well there just starting to let them slowly go, at same to lower prices.
I got told of this yesterday by a HSBC Fund which bought 1300 homes in the US.
Could end up loosing 100-240 million.
So where is this BULLSHIT growth.
In Australia people are in so much debt that a small cut is a life saver to many households.
But people aren't spending that to buy something else, there actually putting it on the mortgage.
Which is annoying government.
Figures which come out quarterly showed that 72% of mortgages have defaulted at least once.
It's these figures that the RBA is looking at and scared shitless that if they don't do anything it will all collapse.
Retail spend, and housing starts are irrelevant, as more and more people buy online now not through foot stores, but they can't measure that.
Facts are it will take you at least 23 years of your working life to pay off your home.
That's without dependants or a wife.
What happened to 10 year!!!
Banks will never say it but they now have a new breed of slaves working for them.
They are fully aware that the majority of loans they write up can't pay, that's why they make sure you have life insurance, loan insurance and your super is tied up also.
Government around the world need to spend on infustructure and modern up there cities and create work for people, but that too isn't in there interests as they tax fuel and want congestion, the more the better.
Solutions..
Any business under 5 million in taxable income should not be paying tax as long as they are employing 10 people minimum.
So in Australia there are 3.2 million registered small business.. You do the maths people.
That's how you build a strong economy, not cutting rates and then taxing from the other end.
In America 54.2 million registered small business.
It's the everyday people who are going to kick start economic growth, not the wealthy 2%.
There tight asses who are out to screw everyone for the dollar.
I know this as I am one too.
But what would I know I'm just a financial astrologer...
Economy's around the world thrive on marco economic reform.
We live in a new world where past tools no longer work.
In Australia we have seen interest rates cut how many times and yet growth is almost non existent.
What central banks around the world don't understand is that this premertive tool to boost the economy no longer works.
All you are doing is diluting pensioners from obtaining interest on there bank deposits and letting the wealthy become even more wealthy..
Perfect example look at the U.S. model.
It's a complete illusionary idea that the economy has restored growth.
Numbers are being manipulated to make the economy look rosy.
Fact is ask how many people have full time work in your street, (38 hour weeks not 18)
If housing is growing why is California or any other state in the US apart from New York, vacancies are over 50%.
Remember last year when we said that hedge funds bought homes and sat on them, well there just starting to let them slowly go, at same to lower prices.
I got told of this yesterday by a HSBC Fund which bought 1300 homes in the US.
Could end up loosing 100-240 million.
So where is this BULLSHIT growth.
In Australia people are in so much debt that a small cut is a life saver to many households.
But people aren't spending that to buy something else, there actually putting it on the mortgage.
Which is annoying government.
Figures which come out quarterly showed that 72% of mortgages have defaulted at least once.
It's these figures that the RBA is looking at and scared shitless that if they don't do anything it will all collapse.
Retail spend, and housing starts are irrelevant, as more and more people buy online now not through foot stores, but they can't measure that.
Facts are it will take you at least 23 years of your working life to pay off your home.
That's without dependants or a wife.
What happened to 10 year!!!
Banks will never say it but they now have a new breed of slaves working for them.
They are fully aware that the majority of loans they write up can't pay, that's why they make sure you have life insurance, loan insurance and your super is tied up also.
Government around the world need to spend on infustructure and modern up there cities and create work for people, but that too isn't in there interests as they tax fuel and want congestion, the more the better.
Solutions..
Any business under 5 million in taxable income should not be paying tax as long as they are employing 10 people minimum.
So in Australia there are 3.2 million registered small business.. You do the maths people.
That's how you build a strong economy, not cutting rates and then taxing from the other end.
In America 54.2 million registered small business.
It's the everyday people who are going to kick start economic growth, not the wealthy 2%.
There tight asses who are out to screw everyone for the dollar.
I know this as I am one too.
But what would I know I'm just a financial astrologer...
