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Technically the moronic debts you refer to are the result of...

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tigmeister

13,700 Posts.

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19/02/18

01:00

Post #: 31144807
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Originally posted by plough ↑

Given the federal govt debt is going up about $400M every day to the current $350 billion and foreign debt is around another $trillion , it seems Australia is on a Titanical course to Armageden if international interest rates go up .
Keeping employment up by having more Govt employees just makes the average wage earners paypacket smaller eventually as each day his share of govt debt goes up about $40.00 - one day it will have to be paid back .

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Technically the moronic debts you refer to are the result of secret deals where Australian monetary policy has been ceded to a group of international bankers, and public infrastructure has been and is in the process of being flogged off in a firesale. Grow up!
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