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The Forum > General Discussion > Australia and the Great New Depression

Australia and the Great New Depression

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The only depression that Paul understands is the disappointment of having to wait in the centrelink queue.
Posted by shadowminister, Friday, 4 September 2020 2:54:46 PM
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At times like these mirrors would come in handy.
As would a good long hard look into them.
Posted by Foxy, Friday, 4 September 2020 3:01:33 PM
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Dear Ttbn,

«Those who who lead a simple life, lived what they earned and were generally thrifty, sailed through it.»

Looking back to March, apart from the effects of the virus itself that were still largely unknown, the very realistic fear was of economic collapse including bank-failures. This would devastate even the most thrifty who would see their savings go down the gurgler.

The economic steps taken were therefore very reasonable and not motivated by socialism at all, but by common sense and cold calculation. As COVID is still here, conditions are not yet ripe to lift those steps.
Posted by Yuyutsu, Friday, 4 September 2020 3:12:54 PM
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Thanks Yuyutsu, common sense at last :)

Joe
Posted by loudmouth2, Friday, 4 September 2020 4:10:24 PM
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Indy, how old are you? I'm 67 you must be 147! The question is; Is the most valuable public servant the one who pays out your welfare payment each fortnight. Me thinks ttbn has his snout in that same trough as well.

What's your angle fellas, how do you do it? My accountant tells me fixing up assets so us oldies can cash in on the aged pension is one of his most profitable past times.
Posted by Paul1405, Saturday, 5 September 2020 10:53:40 AM
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Paul1405,
BS. No-one is that silly at 67, not even the average village idiot !
Posted by individual, Saturday, 5 September 2020 3:49:55 PM
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