Cont;
I said:In Greece the barter trade with officially approved local
currencies are being used.

I might have that wrong, it might be that the currencies are approved
with a wink & a nod.

Bazz There is nothing wrong with our GDP. Instead of creating employment they are cutting costs to suite the unemployment, and creating more unemployment.

You have been talking to witch doctors again. Grease is a basket case that is their problem. It has nothing to do with here.

Morrison made statements like he learned from Abbott, but he could not explain what he said. To much of that and Turnbull will give him the arce.

Abbott is behaving himself ,he doesn’t want to rock the boat.
They are still getting their thoughts together, so you have to be weary of making statements that you can not back up. Or else you will get cut to ribbons by the media, and so they should.

Doog,

There is a comparison between Australia and Singapore - In Australia you can get money for doing nothing; in Singapore you have to work for it.
The "big stick" is: Here's a job that you able to do. You will take this job. If you do not take this job, you will not have any money live on because your dole money has been/stopped/will be stopped on (date).

Just because a person thinks that a job is below his or her dignity or educational standards should not mean that the taxpayers need to pay him or her for doing nothing while the "right" job comes along.

doog, as I said Australia is on the better side of the problem but
all countries are going the same way, just that we are starting later
than others. There has been a credit/debt crunch coming and I had
a talk recently with an economist I know and he understands very well
what is happening but he had no idea that there was a parallel risk
with fuel costs running alongside the risk he was aware of.

When I explained the problems that the oil majors were having in
getting a return on their exploration and development expenditure,
he understood immediately. He could see the implications and understood
why Shell sold its interest in Woodside.
Note that Shell has abandoned its Alaska drilling program due to
poor results. That cost $billions.
Over the last couple of years the majors have spent $trillions with
negligible return.

I suggest you expand your reading into the areas the politicians
are trying to avoid.

Not onlybthat doog but our government is also committing additional funding for the likes of domestic violence, additional refugees and that's on top of the other spending. They are committing money we simply dont have.

The only thing that saved us from Labors wastefest was the mining boom. Thevtrouble was that they were wastingnit as fast as it came in.

Those days are over and just one person on the dole deliberately is one we can't afford.

The time for talk, like we need to encourage people off the dole, is over. Time to act Mr Morrison, not talk softly.

Yes, you are right Rehctub, there is a real case of the cupboard being empty.
We are running on credit as is everyone else and we are all trying to borrow more money to pay the interest.
My economist friend believes that the next crash will occur in the next
year or two. He believes the big banks will collapse and this time
no government will be able to bail them out.

His worse case is we will wake up one morning and find the biggest US
banks and Deutscher Bank and possibly the Bank of England have suspended trading.

Now, I agree that is a way out scenario, but he believes that they
have put themselves into this situation having learnt nothing from the GFC.