The Forum > Article Comments > Holding babies won't cut it for Gillard > Comments
Holding babies won't cut it for Gillard : Comments
By Kellie Tranter, published 13/8/2010Julia Gillard’s gender should be her greatest strength, not a political weakness.
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It won't be any easier under the Coalition,it fact it may be harder but in the longer term,we will have less debt.
There is a way out of this mess.ie We make the Reserve Bank of Australia create the new currency that equals inflation and our Gross Domestic Product.It averages our at 6.5% of GDP or $78 billion pa.We could reduce taxes enormously and pay off the debt in a few years.Currently this new currency is created as debt both by foreign banks and our banking system here.Banks can legitimately loan out depositors money,but when they create new money in their computers through this scam called the Fractional Reserve Banking System,they are diluting the value of our currency,thus are stealing from every Australian.
Also consider this;our Govt used to create enormous amounts of cash ie bank notes and coins but now we elect to use credit cards which enables foreign companies like Visa & Master Card to create our money as debt.Our outstanding card debt is $45 billion.Our national personal debt is now bigger than our GDP of $1.2 trillion,which is over $50,000 for every person or $200,000 per family of 4.Add the Labor debt of $140 billion and this means total debt is over $300,000 per family of 4.
In reality we cannot trust either of the major parties.They do not serve the people.