The Money Tree
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1
June 3, 2010 at 16:25 -
The Aussies seem to be doing alright………….hmmm, I wonder if that had anything to do with the fact that the Howard administration had the good sense to raise interest rates 2004 to 2009 from about 4% to nearly 10%.
That took the sting out of the property bubble and dissuaded people from borrowing.
Howard and his finance minister were very prudent too, they handed over a A$227bn surplus as his party left office.
Australia also has a lot of gold.
They’ll need it though – because the socialist government is on a massive tax-and-waste spending spree.
Probably accounts for the massive 80% profit tax they have just imposed on the miners………the people who are helping to keep their currency strong.
Socialists know F.A. about money – except how to waste it. Useless cunts.
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2
June 3, 2010 at 16:49 -
This is one of those circular type jokes that go around ,unfortunately it is spot on !
Makes you think doesn’t it?
It’s a slow day in a little English town. The sun is beating down, and the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit. On this particular day a rich tourist from down south is driving through town. He stops at the motel and lays a £50 note on the desk saying he wants to inspect the rooms upstairs in order to pick one to spend the night.
As soon as the man walks upstairs, the owner grabs the note and runs next door to pay his debt to the butcher.
The butcher takes the £50 and runs down the street to repay his debt to the pig farmer.
The pig farmer takes the £50 and heads off to pay his bill at the supplier of feed and fuel.
The guy at the Farmer’s Co-op takes the £50 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her “services” on credit.
The prozza rushes to the hotel and pays off her room bill with the hotel owner.
The hotel proprietor then places the £50 back on the counter so the rich traveller will not suspect anything.
At that moment the traveller comes down the stairs, picks up the £50 note, states that the rooms are not satisfactory, pockets the money, and leaves town.
No one produced anything. No one earned anything.
However, the whole town is now out of debt and now looks to the future with a lot more optimism.
And that, ladies and gentlemen, is how the British Government was conducting business.
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3
June 3, 2010 at 16:52
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4
June 3, 2010 at 17:04 -
Oh I did laugh, until I got to the supermarket checkout.
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5
June 3, 2010 at 20:05 -
Excellent Specky !
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6
June 3, 2010 at 20:07 -
We wouldn’t have a public spending deficit if David Laws had been able to pay back the government borrowing out of his Parliamentary expenses. Now the Treasury have to think up Plan B.
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