tail of an airplane

By:
On:
In: economics, Government, latest post

Globally, we all went through a pandemic, which cost some their lives and most of us economically. Here in Australia we copped a big whack of inflation and a steeply rising cost of living on essentials. You and I paid the price and continue to pay the price. Corporate Australia is screwing us, however, big business in this country didn’t pay the price of the pandemic. If they did they have made sure they have recouped that money and then some. Qantas got a couple of billion dollars from the Australian government and have just declared a $2.6 billion record profit for the year. Are they paying that money back? No way, according to Alan Joyce the departing CEO.Continue Reading

silhouette of persons hand

By:
On:
In: economics, featured, latest post, morality, politics

Hands up who has heard of the term ‘downward envy’? Yes, this is the name for all those Aussies who think that everyone on welfare is a dole bludger. These people reckon that there are too many folk having a good time on less than $50 a day. You could not even pay your rent in Australia on that, let alone eat. Downward envy: What kind of Australian indulges in that? Bitter and twisted miserable bastards comes to mind. Unhappy people wanting to apportion blame onto others, also, springs to mind in this case.Continue Reading

banknotes with a portrait of a lady printed

By:
On:
In: economics, featured, latest post, morality

Australian banks do not even have enough staff employed in their scam crisis emergency departments to take your call in a timely manner. Calling the Commonwealth Bank you can be on hold waiting to talk with someone about your disappearing money until it is too late. Scamming and Australian banks: The real story. The Big 4 Banks, ANZ, CBA, NAB, and Westpac won’t take responsibility for securing your money from scammers, despite the fact that they are supposed to be banks, first and foremost. In the old days, banks locked up your money and that is why you deposited your hard earned money there in the first place. Not today, banks are all about convenience and not security. They don’t offer any interest on your savings so what is the point of them. They skim off the top of every transaction, so, when your hard earned money is scammed from you, they don’t care, as they make money on the transaction anyway.Continue Reading

love metal connection chrome

By:
On:
In: economics, featured, latest post

Imagine that your parent’s or grandparent’s house was invaded by bad men and their wealth and property was stolen. In addition, they were forced to work for these marauders, as were their children, without pay. Some time later on, you find yourself walking down the street and come across that house. It has been done up with lots of improvements and manicured gardens. Ask yourself how you would feel about the situation and the owners of the property now. These are the circumstances many Black people find themselves in. The progeny of gross injustices committed not so long ago in the bigger scheme of things. The profits of slavery and the recompense owed is something we need to talk about.Continue Reading

Badge - Vote Yes for Aborigines, Australia, 1967

By:
On:
In: economics, featured, history, identity, latest post

Americans are famous for their depiction of white trash in debates about class and racism. Australia was, however, also the new world home for what was considered as the human rubbish of the old country. Places like America and Australia were deemed as destinations for economic refugees and convicts from Britain by those in the upper echelons of power and influence of that colonising empire. White trash and the Voice in Australia are something old and new coming into agonistic contact in 2023. The friction between lower class white Australia and Indigenous Australians is, however, nothing new.Continue Reading

Scott Morrison at Press Club

By:
On:
In: economics, featured, latest post, morality, politics

It has cost us, the Australian tax payers, $1.8 billion so far. Robodebt disgrace: The legacy of the Coalition government. The Royal Commission into the Robodebt scheme is being handed down today. The findings are being made public post haste. Peter Dutton, the leader of the Opposition, is calling this a political decision. The debacle and disgrace of this Coalition government scheme is like an albatross to hang around the necks of all those involved in its instigation and execution. It was illegal and they all knew that it was both illegal and wrong. It cost innocent and vulnerable people their lives.Continue Reading

New Book By SpeakTruth on Money, Credit & Financial Freedom Money Matters: Navigating Credit, Debt & Financial Freedom

By:
On:
In: book review, economics, featured, latest post

Money Matters: Navigating Credit, Debt & Financial Freedom is the new bookby Robert Sudha Hamilton designed to help people everywhere. Understanding the consumer credit system and the laws that govern it is an essential prerequisite in the 21C if individuals are going to survive and thrive. Too many of us are fighting blind in an economy set up to favour some sections of society at the expense of others. There are comparisons between China’s social credit system and the West’s consumer credit reporting system. Money matters and determines the score in the game of life, as far as our financial institutions are concerned. In this new book by Speaktruth on money, credit and financial freedom the reader gets to investigate banking, credit, debt, and the rules of the financial game.Continue Reading

banknotes with a portrait of a lady printed

By:
On:
In: economics, featured, latest post

Recent research published by The Australia Institute confirms that the decade 2009-2019 was the most inequitable, in terms of wealth-growth-share, in Australia’s history. A decade overseen by the Coalition of Liberals and Nationals on the federal stage. A mining boom and surging  property market has rocketed 90% of new wealth growth into the hands of the top 10% of earners and owners in Australia during this period. Australia fast becoming one of the most inequitable nations on earth should not surprise many, as they have supported policies pushing the nation in this direction.Continue Reading

pexels-photo-3564390.jpeg

By:
On:
In: economics, featured, latest post

Understanding how banks work is an eye opener for most people. Did you know that up until 1844 in Britain banks in the UK printed their own paper cash money – these were called bank notes, of course. Banks still today make their own money. Every time someone borrows money from a bank the bank extends credit by creating money in that person’s account by pushing a button. No physical money is actually created. The debt creates that money and when the loan is paid back that money ceases to exist. The banks pockets the interest charged on the loan and erases the debt. That digitally created money disappears from the system. Understanding how banks operate: Money and debt.Continue Reading

Sticky
flag of australia

By:
On:
In: economics, latest post, media, morality, politics

If institutional injustice makes you mad this episode had it in spades. Robodebt: What the Royal Commission revealed to us. A government and a bunch of ministers who saw themselves as ‘welfare cops’, with a duty to shake down the most vulnerable among us. Without fear or favour these sheriffs took on pensioners, disabled Australians, and those down on their luck. They applied income averaging to make it look like these people on the bones of their arse were rorting the system. It played well to those who are always looking for someone to blame for their own financial frustrations. Continue Reading