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

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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

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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

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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

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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

adult surprised executive man using computer beside ethnic colleague in open space office

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Stuart Robert’s robust defence of Robodebt, has gone missing in the Royal Commission. He was the responsible minister, and told the enquiry that they made him do it. Apparently, he had to robustly defend an illegal scheme because, as a cabinet minister in the government he had to toe the government line. Lying was his duty in this instance, even though, personally he had great reservations about the legality of the scheme. Pull the other one Stu! Oh how I love to see these fine Australians standing up and taking responsibility for their actions, which caused untold damage to people’s lives and cost the nation billions in the end.Continue Reading

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The rise of cybercrime: The widening gap between rich and poor is in direct correlation. We have been warned that the continuing divide and expanding inequality within our societies will spawn a violent breakdown of law and order. The proliferation of scams and identity theft is the forerunner of this societal upheaval. Scammers and hackers depend upon there being plenty of dissatisfied folk ready to cross the line to better their lot. If we continue to allow the wealthy to feather their nests, at the expense of the majority, via manipulation of our democratic governments things are only going to get worse.Continue Reading

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Australia has been locked into a cycle of inaction around the major issues facing the nation. Manipulation of the political system by vested interests on climate change and inequality has seen little progress achieved on these important matters affecting the nation. Conflicts of interest in Australia are entrenched within media and government. A lack of transparency around political influence within the two party preferred system remains the elephant in the room. On top of this, the loudest voice in the room via media interest is the Murdoch news organisation with its monopoly of newspapers across the land. Murdoch is a rabid right wing media mogul, as seen by the content on his Fox News and Sky News Australia TV networks. Objective coverage of the news is so far from what viewers get via the Murdoch press it would be laughable if it wasn’t such a serious concern for the country.Continue Reading

paper map of australia placed on wall Stuart Roberts robust defence of Robodebt

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We are living at a time of rapidly rising costs of living driven by spiking inflation and its consequent interest rate increases. The economy is like a dog chasing its own tail right now. Those many Australians who live on the wrong side of the poverty line are sinking further into dire financial trouble. It is in light of these circumstances that it is important to have an understanding of the Wellbeing Budget. Conservatives have derided the concept as branded by hippy yippy fringe concerns and un-Budget like. The Budget, in their eyes, should be about cold, hard economic facts with no room for sentiment. The woman that the hard right despises most, Jacinta Ardern the NZ prime minister, has had a wellbeing Budget and that is proof of its unsuitability for them. Continue Reading

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I have been approached by someone working for a digital marketing company to write an article about a sport of my choice. Yes, they will pay me reasonably generously according to the marketing representative. Further investigation revealed that it is part of a campaign funded by a gambling entity. What a surprise! Gambling and all things sport have become as close as close can be. Indeed, gambling companies are heavily invested in this symbiotic relationship. Gambling feasting on sports mad Australia. Sporting events have always been gambled upon by those who think they can afford to do so. In Ancient Roman times, the circus and gladiatorial arenas were fiercely bet on by punters seeking to back the winning chariot or fighter. Continue Reading

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We have record low wage growth in Australia because governments have been enacting this outcome via policies specifically designed to achieve this. The Fraser and Howard governments in the 1970s and 1990s ramped up the pressure by banning industrial action by unions and attacking their membership through non-union agreements. Unions were made out to be the bad guys in continuous attacks on their character in the public eye. The Abbott and Turnbull governments created anti-union organisations like the Australian Building and Construction Commission and the Registered Organisations Commission. Coalition governments have over several decades broken the effective power and influence of the union movement. Why do we have record low wage growth in Australia? Conservatively minded government policies have designed it this way.Continue Reading