Immigration Forum / Australia and NZ / June 2007

Balance of trade time bomb is ticking for the
Howard/Costello gang. The continuous buoyancy of
the financial markets is again deluding many
people about the actual economic situation. Debt
repayments are now taking up a larger proportion
of household income than when interest rates were
at 17 per cent in 1989. Hard working Australian
families are burdened by a mountain of debt that
they are working very hard to manage. Australia is
now facing an economic dilemma because of the
Howard/Costello land-price speculation debt
bubble. -=[ Don't say bastard, say John Howard.
]=-

HOWARD'S "TRUST ME" HOUSING TRAVESTY: Record
numbers of bankruptcies and foreclosures for home
borrowers. Household debt has doubled in the past
five years. 85 per cent of household debt is for
housing. Howard's economic policy has been to
drive economic activity by a consumer boom funded
by debt, based on rising land prices, but rising
land prices come home to bite us because of
reduced housing affordability. Even after 16 years
of growth in the money supply (debt), voters are
entitled to ask when will the situation change.
They are also unlikely to be forgiving when things
turn. Peter Costello [1995]: "the high level of
foreign debt...makes Australia more vulnerable and
increasingly at the mercy of international
financial markets...and every Australian pays for
the consequences." -=[ Life tastes great with less
John Howard. ]=-

HOWARD'S IMMIGRATION IDIOCY: Howard/Costello
regime lays the foundation for next massive
recession. Household debt has doubled in the past
five years. 85 per cent of household debt is for
housing. Credit card debt, HECs debt, household
debt, and foreign debt have all more than doubled
in the years Peter Costello has been Treasurer.
The global liquidity bubble is limping towards the
reef and when it hits it'll send shock-waves
through Howard's house of cards. Australia is now
facing an economic dilemma because of the
Howard/Costello land-price speculation debt
bubble. -=[ Life tastes great with less John
Howard. ]=-

HOWARD'S IRAQ WAR ECONOMICS: Balance of trade time
bomb is ticking for the Howard/Costello gang. Debt
recovery specialists want a national registry of
mortgage defaults, claiming more homes are being
repossessed, particularly in Sydney. Debt
repayments are now taking up a larger proportion
of household income than when interest rates were
at 17 per cent in 1989. Even after 16 years of
growth in the money supply (debt), voters are
entitled to ask when will the situation change.
They are also unlikely to be forgiving when things
turn. The economic dilemma Australia is facing
could have been avoided if the expansion of the
property market had not been turned into a
land-price Ponzi-scheme by Howard and Costello.
-=[ Let your John Howard do the evicting. ]=-

HOWARD'S IMMIGRATION IDIOCY: Howard/Costello
regime lays the foundation for next massive
recession. Howard's destruction of manufacturing
jobs, mass immigration of cheap workers, GST, and
high inflation continues to reduce workers' buying
power. Debt repayments are now taking up a larger
proportion of household income than when interest
rates were at 17 per cent in 1989. If we have any
more of this type of "progress" Australia's goose
will be very cooked indeed. The economic dilemma
Australia is facing could have been avoided if the
expansion of the property market had not been
turned into a land-price Ponzi-scheme by Howard
and Costello. -=[ Don't say cr*p, say John Howard.
]=-

HOWARD'S IRAQ WAR ECONOMICS: Australia's Trillion
dollar household debt. No money for housing or
welfare but billions pour into Howard's military
adventures. Sydney is the seventh least affordable
city in the world in which to buy a home, and the
least affordable anywhere outside of the US. In
real terms, the economy is already in recession.
The growth numbers are regularly massaged by the
Government. Australia is now facing an economic
dilemma because of the Howard/Costello land-price
speculation debt bubble.

A decade long pile of idiotic lies from these
filthy scum. How valuable are dogturd reforms?

-=[ I'm cuckoo for Poor Old John Howard after
being evicted. ]=-

Links:

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http://mauriegee0.tripod.com/art.htm

http://www.101usesforajohnhoward.com

http://www.accesscardnoway.net

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The whole world will resemble a repressive
third world country governed by
the IMF, UN and World Bank.

Globalism is a conspiracy of the Western elite
to establish private tyrannies across the world.