Behold O Glorious Brethren! This here your Chosen One the recalcitrant Wacky Wabbott, has a monkey see monkey do contribution to austerity not even our dear departed Father & Son could match...aah...I'm, I'm, I'm gonna mothball all themsa bludging Commonwealth Car Fleets and replace `em wiff a squadron of Fast Enclosed Golf Buggies...hip hip Troppo Bloggoists...ya gonna luv it...Raaaah!

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Yes Saul.That sovereign fund was the Govt owned Commonwealth Bank,The State Bank,West Bank but we sold them off.They used to create money from nothing to equal the increases in GDP.Now the increases in GDP are created as debt by private banks.The more growth we have,the more debt we incur.

See http://secretofoz.com/ L Fank Baum in the Wizard of OZ had a deep mometary meaning for us but now we live in an economic abyss.

Not one of those glorious leaders - and surprisingly mostly lawyers, could ever get it through their heads that first of all, we needed a high top tax to restrain excessive incomes. Second, those excessive exports of our non-renewable, non-value-added resources invited an equally excessive amount of imports which happen to be the same that our workers relied on for employment. So we are doomed to the situation where a lot of our workers can only get work for two or three days a week, can't pay their mortgage, and the family gets evicted. Yet the unemployment rate is quoted as 5.4%, because the other two or three days they cannot get work, is not counted as them being unemployed. This is the intelligence of lawyers. These either don't know or don't care that that 30% of the GDP they strive for, can be achieved by other means, such as having that top tax of 66.6%, with no tax on the first $30,000 or something similar. They have to have integrity and intelligence, which is missing in people who join almost any political party. Every person or party, to be part of parliament, has to have a constitution. Unfortunately there is no rule to say it has to conform to any specific obligation nor any rule to say that the members of the parties have to sign that they will honour and obey that constitution, so we get groups of people with no restraint by either their party or the constitution of their party or the commonwealth. There is no reason - except for their personal ideology, for there not to be a type of reserve fund expressly for maintenance and repair after disasters, not to be touched by politicians for their own use, which does seem to be an inheritited fault with many.

I have to admit, that too much of our posessions were sold by various members of political parties, things that many regret now. The Menzies government sold COR, our oil and petrol company which was controlling the price of petrol. Paul Keating sold QANTAS, and was possibly responsible for the sale of the Comonwealth bank. Unfortunately the intelligence and integrity of people who join the political parties is questionable, because all they have to do to join the party seems to be to sign "to promise to agree with the decisions of the majority of the party". I consider that is a good indication of lack of integrity and intelligence, and I consider that many if not most of the decisions made by both parties, and loudly praised by the fanatics, are of low infantile content.

Wakatak, Individual, Arjay,and Merv 09,

You forget that we live in a clever country.

Eslake has been with the winners all along.

He is clever

Skeptic,Saul nor the members of the New World Order will win nothing if they continue to let this self destructive system to perpetuate.

The greed and power lust of a few elites are taking us to the brink of extinction.

What do you call the 60 odd billion that costello managers.