If your comment was a 'one off' Yabby I would not be annoyed; however you appear to deliberately pop this line into your comments regularly in threads whereby it is irrelevant to the Catholic Church. Why? Is it to bait Catholics or air your hurts via generalisations? I am hurt for my parents friends and other Australians who just happen to attend Mass on a Sunday, and have voluntarily participated in high profile charitable causes and programs, to benefit thousands of Australians across the nation.

Sit back and receive; yet generalise and condemn appears to be the situation of 'catholic haters'. Australians of all denominations give give give of their time and money to assist every day Australians; many of these Christian people have never been acknowledged for their work over 20 or 30 years.

I give up with people who generalise. You are yet another Yabby and its disappointing when you are quite clearly a lateral thinker and intelligent.

Arjay “Who pannickewd Rudd and Gillard into unnecessary bailouts?”

Well I can guarantee the same folk who would not have panicked a Liberal government, had they been in power.

After a decade of liberal conservancy and sensible stewardship, Rudd and Gillard and their union cronies were behaving like vampires in a blood bank, consuming scarce taxpayers funds in an orgy of pointless profligacy and spend – like there is no tomorrow or reckoning.

As for the RBA – they are a mere central bank, not the arbiters of the whole economy.

Where, under a capitalist / pluralist system is no one in absolute control... especially not a government of supposed law makers.

“Big business love socialists Govts because they feed of our taxes eg so called free medicine.We over use drugs and medical services because we perceive them to be free.Big business cleans up again.”

Well vote Liberal, the way I have always voted, Arjay and do your “individual thing” for democracy and against big business,

And see if you can find some Prozac among those free drugs you are twittering on about

I don't really think that "facts" are at issue here, Arjay.

>>How about confronting some of the facts I've presented...<<

In order to be able to use facts, you need to understand, just a little, of the subject itself. Instead, you have consistently demonstrated that you understand nothing at all about finance, not even the very basics.

>>the yearly average inflation since 1913 was 3.5%.Inflation compounds like interest,so every 10 yrs we lose 41% of the value of our currency<<

The "value of our currency" is reflected in the goods and services we can buy with it. If, for example, you were to take today's average weekly wage and spend it in 1913, you would be able to buy a substantial house in one of Sydney's leafier suburbs.

http://www.abs.gov.au/ausstats/abs@.nsf/mf/6302.0/

In fact, today's weekly average of around $1,200 is equivalent to five and a half years' wages, back then.

So your mathematical formulae demonstrate exactly the opposite to that which you are suggesting.

>>Since 1913 at the inception of the US Federal Reserve our currency has lost 96% of its value<<

Except, of course, that your weekly wage buys 285 times more.

Until you understand the mechanics behind that simple statistic, everything you say about the financial systems will be nonsense

Stop writing slogans, and start understanding a little about your subject matter.

In the meantime, have a great day.

Pericles,while wages have increased with inflation,over the last 30 yrs they have progressively lagged behind.This,you cannot deny.It now takes 2 incomes to survive.When we went off the gold standard in the 70's and the money supply increased expodentially. My father in the 60's raised 5 children on a single wage, earned as a factory floor worker.

We have all sorts of efficiencies such as robotics which have made cars cheaper,computers which do the work of many office workers,yet we work harder and longer for a lower living standard.The big issue is housing.Since we sent our manufacturing off shore,jobs have been concentrated in the large cities where the bubble of international finanace happens.So Govts beseiged by debt have progressively sold off their income earning assets.They then tax land and housing to make up the short falls.38% of a house /land package is made up of Govt taxes and charges. How can a large country such as ours,with so much resources and energy,and small population,have the most expensive realestate on the planet?

The answer is lack of sovereignity whereby our policical elites have sold us out to the global corporates.The corporate elites love socialist govts since they are collect lots of tax which can be siphoned off to their service scams.The classic example is the schools debacle.$ billions wasted on non productive buildings.This money was borrowed from China.Leightons is a pommy based co.Very little of this money stayed in the local economies.The really big scam is socialised health.

So Pericles,log onto Ron Paul and learn about freedom.

We may be getting somewhere. Slowly.

>>Pericles,while wages have increased with inflation...<<

That's a start, at least. The next step is to relate this to purchasing power, and we're half way there.

But...

>>...over the last 30 yrs they have progressively lagged behind.This,you cannot deny<<

Well, yes I can, Arjay. So, show me.

Provide the figures that show that wages have lagged behind inflation.

I presume you have them at your fingertips?

Or did it just seem a clever thing to say?

*while wages have increased with inflation,over the last 30 yrs they have progressively lagged behind*

Not so Arjay. The ABS has published enough stats to show that real
wages run well ahead of inflation.

What has changed in 40 years, is expectations.

40 years ago, the standard was a 3 by 1 fibro home of 12-13 squares.
Today it is double that.

40 years ago your average man drove a 186 Holden. Air conditioning
could only be dreamed of. Today it is standard. The list goes on.

40 years ago, if you had a colour tv, you were thriving. Now kids
who don't have a mobile phone, claim to to be suffering.

Yes, more women work today then ever before. They have aspirations,
like an even larger house, in an even better suburb, with all mod
cons. Their extra wage can make it happen and they might even enjoy
having a career, as distinct from 40 years ago, when careers for
women were frowned upon.

What has changed is that the doting wife might not be ready and
waiting with the proveribal slippers, as she was 40 years ago.

That does not mean that standard of living has dropped, it means
that womens expectations have changed. You remain confused Arjay.