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The Forum > General Discussion > The Failing Australian Economy

The Failing Australian Economy

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Dear individual,

My goodness mate. So this is what is is like de-indoctrinating people.

You asked; "Did the Labor Dud use the money to get through the GFC"

No. They did not.

The fund's assets actually grew during the GFC.

Why is this so hard for you? Have you held it as a truth for so long you just can't let it go?
Posted by SteeleRedux, Monday, 2 December 2019 10:21:47 AM
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INDIVIDUAL THANKS
Truly, you highlight the dribble that put this mob back in power
Bill Shorten helped but thanks
You know that check you Queenslanders are waiting for?
Sorry it is not coming, you have to own shares to get Franking Credits
Posted by Belly, Monday, 2 December 2019 12:16:02 PM
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The fund's assets actually grew during the GFC.
Steele Redux,
You're evading to disclose where that money is now or what it was used for as it obviously has evaporated !
Posted by individual, Tuesday, 3 December 2019 8:00:26 AM
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IT HAS NOT! live in a real world bloke
Posted by Belly, Tuesday, 3 December 2019 10:45:58 AM
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Dear individual,

Bloody hell mate do I really have to hold your hand?

Here is the annual report for 2018-19.

http://www.futurefund.gov.au/-/media/future-fund---documents/annual-reports/future-fund-2018-19-annual-report.pdf?la=en&hash=6911DF2DF2621ABB2D54C832EF59BD49FA7BF805

If you go to page 6 you will see a current figure of $162.6 billion as at 30th June 2019. You will also see a figure of $102.1 billion added since inception on the original $60 billion invested.

The $60 billion has gone nowhere mate. It is there in spades.

This is obviously shattering a long term erroneous belief you have held about the Labour party raiding the fund to combat the GFC but it never happened.

Come on, you can do it, jump the shark, accept the facts and shed the indoctrination.
Posted by SteeleRedux, Tuesday, 3 December 2019 11:12:02 AM
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SR,

The original $60bn has grown to $162bn under the guidance of the best treasurer Australia has ever had.
Posted by Shadow Minister, Tuesday, 3 December 2019 12:08:53 PM
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