Treasure Paul Keating's famous statement, “This is a recession that Australia had to have”.

Afternoon of January 1, 2016. ABC24 television news showed a montage of selective (I assume) archived ABC video footage beginning in 1990.

An ABC reporter walking between what looks to be shelves of boxes, said “the next batch of cabinet documents released by the national archives, covers Paul Keating's first two years as prime minister... a chance for him to give his version of history... Tom Nicholson, ABC news, Canberra”.

As the montage of archived video clips rolled over in order clip-by-clip:
Bob Hawke's labour party wins the 1990 federal election after saying “there is no need to fear a recession in any sense”. “Soon a deep recession took hold”.
“it was the recession that dominate headlines”. “Paul Keating promised a soft landing, but the doll cues lengthened”.
An Iraqi war starts, lasting two weeks. After the war ended Paul Keating's battle with Bob Hawke over when Bob Hawke will stand down from being prime minister.

The ABC archived montage didn't verbally mention 1990-91-92 high interest rates imposed on Australians.

My addition to the above:
Beginning after October 1987 share market crash, resulting in two years of very low 4% mortgage interest rates: property speculative boom; investment products boom; share market steady rise boom, ending suddenly in October 1989 high 17% interest rates to home mortgage holders. High interest rates lasting more then two years.

My argument here is that embarrassing history is selective. My belief in what's important information is the easily arguable two years of low interest rates that lead people to invest in Allan Bond and Christopher Skase investment products. Skase was brought before court proceedings and allowed to leave without handing in his passport. Skase managers to leave the country without authorities stopping him. Skase accused of transferring large sums of money overseas, leaving excuses to why very little money was recovered for investors.

https://en.wikipedia.org/wiki/Qintex

….............

Where or what are these archived Cabernet secrets. All I heard are what 1990s generation were told to believe after late 1989.

Allan Bond was said to have purchased channel 9 for one billion dollars. The then media frequently criticised the transaction. Several transactions similarly criticised as bad transactions, allows Bond Corporation's eventual bankruptcy to be believed. Was it a set-up?

A lesson learnt, could be to avoid any financial investments with people named Allan, Al and Chris. Added history lesson on not wanting to know Alexander the Great; and 2008 U.S. Allan Stanford's four billion dollar losses.

SBS one television evening news montage stated “by 1991 unemployment had jumped to 11% almost double what it is now, and mortgage rates were edging 10%. That prompted one of the most famous quotes in Australian politics”. Paul Keating's “This is a recession that Australia had to have”. Everything else mentioned was no more than a list of rolled over concerns media listeners have been hearing for the past twenty plus years.
I state, the statement “mortgage rates were edging 10%” was intentionally misleading.

ABC News: early morning and afternoon edition montage had no verbally mentioning interest rates, yet did have a very quick flash of a billboard sign stating: Citibank; Mortgage Loans Here; Term Deposit 17%.

Channel 9's afternoon news stated “it was a time when interest rates were nearly 20%”.

Another nine network coverage montage stated “interest rates at 17%”, with no other new news heard.

Ten Eyewitness News mentioned 10.8% unemployment with no interest rate figures mentioned.

My vague memories of 1990-91 interest rates being mentioned to me at the time were, variable mortgage rates peeked at 22%. Rate peeks most probably depending on which Australian bank, numbers were drawn from.

RBA website had columns of monthly mortgage rate percentage figures, going back to early 1950s, spread sheet that could be downloaded. Such an important statistical graph or spread sheet no longer can be found on the RBA website.
http://www.rba.gov.au/statistics/historical-data.html

http://www.loansense.com.au/historical-rates.html

Several years ago, I downloaded an RBA website history of Australian Mortgage rates, I did so because the history was extremely incorrect. No mention of any low rate periods were shown.

My memory suggests, Westpack bank was $10 a share before October 1989. After Interest rates went up, West Pack bank was $2 a share.

Share price speculators would have lost money on margin borrowing on shares.

Generations at the time were well versed by the media to where lost money went. Market forces and federal treasure Paul Keating's sudden imposed increased interest rates, leading to Paul Keating's “lack of hindsight” excuse statement.
Paul Keating's “hindsight” statement I believe would of been believed as a joke by anyone with a sense of what would happen after 12% plus interest rate “spread” increases were suddenly applied.

Twenty five years later, today's generations, are seeming to be informed of the political embarrassing recession and leadership battle history, yet, would be ignorant of the more detailed important speculative investment losses that took place during the entire 1980s. What happened to variable interest rate fluctuations between 1977 to 1995 was far worse then what's happened in the last twenty years.

Occasional news that United States had also raised interest rates in October 1989 creating a US recession.
The Accent of Money series mentioned how during 1990, Brazil suffered from 10% inflation per month.
Japan during 1990, had a Nikki share market crash 40,000 index to 20,000 index. Japanese banks complaining about being on the edge of bankruptcy, propped up by Japanese government stimulation.
I am sure more information could have found that many countries suffered problems around 1990. This being partly my argument to the world being controlled by a limited number of people, world government. That world leaders, including the US president, are merely actresses and actors.
Paul Keating was taking the blame for the 1990 to 1994 recession.

Share market boom, starting in October 1994 (Australian bond rate yields had climbed from 6% in March 1994 to 10% in October 1994, declining, ending in 1998, bonds rate yields at 4%, DOW Jones index peeking at around 11,400 index. Share market increases were said to be due to bond market decreasing yields.

I could assume that the Keating/Hawke behind closed doors, often presented leadership stories are invented to allow political news listeners to formulate ideas that there exists no other behind closed doors unknown real political controlling group committee that decides who gets to play the role of prime minister.

My argument is that when the media so often day after day bring up stories that keep formulated ideas of a single strong man leadership prime minister that suffers from zero anxiety over supposedly Cabernet ministers embarrassing: stupid comments; bad judgements; travel expenses scandals; Parliament Speaker scandals; number of women in parliament Cabernet posts.

Exampling: in one of the last few The Bolt Report programs for 2015, Malcolm Turnbull was seen in an interview suffering from poor presentation, arring and grappling to make poignant statements. Political commentator “The Bolt Report” host exposing Malcolm Turnbull for arring and grappling to make poignant statements in sentences. The Bolt Report host showed edited out Malcolm Turnbull's grappling interview, shortening the interview to show how Malcolm Turnbull should have better expressed the interview. The edited interview created an embarrassing media exposing opportunity, reinforcing propaganda “journalists no fear of repercussions by politicians in power”, to reinforce propaganda ideas that “Australian government is a media exposing transparency democracy”.

Egyptian president blamed for arresting journalists for criticising himself and or Egyptian government, created base line dictatorship comparison to freedom to speak democracy propaganda. Rolled over media news reminding listeners and readers how journalists were held in an Egyptian jail, rolled over media reports of protests against Egyptian government to release journalists from jail, reminders propaganda. Released journalists coming home have reasons to tell their story.
I tend to accuse journalists, If journalists were held in Egyptian jails as an intentional orchestrated propaganda story for reasons mentioned above.

https://en.wikipedia.org/wiki/Peter_Greste

My idea here is that what's important is “why” events happen, not what “as it happened” archived video clips.

What I find interesting about Paul Keating was that Keating is reported to have left school in sixth class, now referred to as year six.
During a 2015 ABC late night television Keating interview, Keating said as a child he letterbox delivered political pamphlets. I somewhat remember his father had something to do with the Labor party.
Paul Keating said, after leaving school, he studied (something in the line of) politics and economics. He was somewhat entrench in politics from the beginning. Keating was elected into federal parliament aged 25.

https://en.wikipedia.org/wiki/Paul_Keating

John Howard was also a very young parliamentarian, soon becoming treasurer for Malcolm Fraser's liberal government.

https://en.wikipedia.org/wiki/John_Howard

You have to remember or to have seen 1980s Rubbery Figures. In many video interviews: Bob Hawke; Paul Keating; Andrew Peacock and John Howard made many arring sounds. Rubbery Figures extreme facial character entertainments were visually funny, using arring sounds in Rubbery Figures sentences to increase embarrassing humour.

https://en.wikipedia.org/wiki/Rubbery_Figures
There are several Youtube examples.

Often seen on ABC television comedian Max Gillies dressed himself up in various made up faces. Bob Hawke's arring and then current political news allowed Max Gillies to be a very popular entertainer during the 1980s and maybe early 1990s.

https://en.wikipedia.org/wiki/Max_Gillies

My point being that politicians faces extreme character: long pointy noses; bushy eyebrows; weak chins; narrow placed eyes; unusual differences, seen are about embarrassing entertainmenhttps://en.wikipedia.org/wiki/Max_Gilliests that for most people, prove democracy is real.

It is like a working class that believe democracy is real, don't have the thinking capacity to realise that politicians are chosen for their facial character and voices that can be easily recognised in humorous entertainment and news print cartoons.

I assume, using myself as a single example. I have no need to seek out unintelligent humour in order to Laugh Out Load. I can't believe politicians can be that unintelligent unless unintelligent behaviour is intentional entertainment and mentioned about propaganda.
Merely because politicians allow people to feel intelligent because people feel they understand events, allows democracy to feel truthful.

Classroom students feeling other students embarrassing: student and teacher addressing other student dramas, knowing, as in feeling other students arring and grappling to make poignant statements responses are real. I believe because such dramas at school happened often, such emotionally felt by witnessing students as themselves feeling intelligent for understanding classroom dramas, feeling positive stimulation towards similar embarrassing events, “reporters interviewing politicians” are felt as: students and teachers questioning grappling to respond students, grown adults feel media political dramas are felt as real events.

Children brought up in a society of daily rolled over political news stories' many embarrassing events, compare similarities between school dramas and political embarrassing events, reinforcing hurried responding shallow judgements.
To think, means to rethink positively stimulated felt as intelligent judgements. School education represses students' experiencing individual thought using limited rolled over curriculum and long hours of mental stress student self-induced avoidance tactics.

Any media well spoken speaker, as I say happened in 1999 on Radio National, stating politicians are little more than mere actresses and actors used to entertain common working class people, such speakers' ideas are easily believed by myself.