Tuesday At the turn of the 20th century, governments turned their backs on Gold. It is no wonder the ‘working class’ became revolutionaries. Lacking an understanding of how they had been shafted, they turned to Marx. A classic case of ‘out of the frying pan and into the fire’. The below is extracted from Dawn of Gold. 19th … [Read more...]
Australian Employment
Thursday I pulled this graph out of an article that expressed concerns about the downtrend in Australian jobs. The graph shows job ads and, understandably, it has proven a reliable indicator for future employment trends.The article didn’t mention the cause of the drop. The Liberal Party dropped a vote-winning Prime Minister in a palace coup and elevated a left-wing … [Read more...]
Australia’s economy is likely to have slowed, the question is by how much?
Wednesday https://www.abc.net.au/news/2018-12-02/australian-economy-likely-to-have-slowed/10570146 The above article is from the ABC and, as usual, they best represent the out-of-touch with reality nonchalance of our ruling elite. Gross Domestic Product (GDP) is used as the measure of economic health. Essentially, GDP is composed of every penny spent; no matter how it … [Read more...]