If we could stall The Debt Clock now (see post above) and
then reverse its current rate of debt accrual into a similar
rate of paying down the debt, then it would take 50 years
to do so from my calcs.
Given the Government's forward estimates in May, there
is little hope of stalling the rate of debt accrual this side of 2030
let alone embarking on paying it down
So inevitably, Aus Post, the NBN & the ABC and anything else of value
will be sold later in a desperate attempt to stall the rot, IMO,
So what s the answer?
IMO we have downstream process our raw export materials
(both hard & soft commodities) add Aussie value whether
we like or not and use the profits to pay down this mountain of debt.
Otherwise Wall St, The World Bank, The IMF & others will
step in and rob us of our luxurious lifestyles and with it our sovereignty.
We have picked a row with China and rather than china bailing us out of recessin
as it did during the GFC, it will do everything now in its power to sing
MSS Australia , IMO, and grab a firesafe bargain while the Yanks
are trying to look over their own mountain of debt.
All IMO only
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If we could stall The Debt Clock now (see post above) andthen...
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