29 July, 2022

Australia records fastest rise in inflation since introduction of GST

 https://www.9news.com.au/national/australia-inflation-consumer-price-index-june-quarter-rises-6-1-per-cent/bfd65b3e-ebe3-4180-a309-53d91b240df5

Here we are, just as I have pointed out for quite a while now. I am so worried in case we hit hyper inflation like the Great Depression. This has already happened in Turkey unfortunately, but how safe are all of us really? 

Looking through my posts over the years my warnings have been sadly correct. But remember when I mentioned everything on this earth goes in cycles no matter what it is, positive and negative polarities.  This reality is geared to upheaval and war, poverty and suffering. It is impossible to avoid these things, but then the cycles go the other way and there is abundance. At present we’re in a downward cycle and this will take a few decades to come through. But it is a gradual buildup, then we hit the middle of the road and then we start coming out the other end. 

So right now please be careful and don’t take risks with your finances or taking out a mortgage that is huge because then you will end up in trouble. Keep your spending under control, you don’t need the big holidays you need to put food on the table and pay your bills until things get better. Priorities not luxuries are the order of the day now. 

Just look back to the early 20th century, there was a recession before World War One, then mass unemployment after that war. Homeless soldiers that had returned from the war, into poverty that continued in the 1920’s and 1930’s then straight into World War Two. It took years to recover from that and then the 1960’s and 1970’s with more high unemployment and moving industry off shore from western countries to China and other places that cheap labour could be found. 

Here we are in the early 2020’s now and we have been having issues for a while and of course the wars playing out around the world sporadically. 

So we are currently repeating that cycle, yes things are different nowadays because we have modern technology, a welfare system that didn’t exist back in the early 20th century. We are lucky in some ways but there is still real pain and suffering for many people. 

Oops, this has been in draft for two days, I thought I had posted it. 

I am utterly disgusted and highly offended

 Do you go to a doctor and ask him if he is properly qualified or a solicitor or a trades person? No, of course you don't it is rude and...