The government will not admit it but Australia is in recession

@richardbrown9344

16 күн бұрын

No sh-t sherlock...

@ricknatric9398

16 күн бұрын

I think the word your looking for is f****d

@luzmilacareballi

16 күн бұрын

Why would the RBA want to admit they are collapsing the entire economy to take us into a Digital Gulag? Bank runs and people using cash etc is not what they want, they want you all in the system. Go get yourself some physical Gold and Silver.

@GrooberNedJardine

16 күн бұрын

You betcha it is . and a Million more migrants didn't help the Albozo regime one bit

@riyanalchea1672

16 күн бұрын

they cannot admit it because if they do, then the Labor and his best mate the RBA cannot raise interest rate. They are so itchy at the moment waiting for the slightest moment to increase the interest rate.

The government is not in your corner

@DavidNotSolomon

16 күн бұрын

They work for the globalists

@patrickhenry7721

16 күн бұрын

Indeed. Why do we need one again? someone please remind me.

@zeken4413

15 күн бұрын

Time to do something about that

@StuartRyan-yi5ok

15 күн бұрын

When will Australians f***** realise no party fights for the system. They all are controlled by wealth owners.They are corrupt. We need a new party who will fight for the system that is not a fraud like One Nation Party. A party that sais if you ruin our system then you pay for it.

Perhaps if Australians didn’t hand over 40% of their income in taxes for a bloated public sector and then give 40% of what remains to the bank for a mad mortgage debt, they could afford to actually live a quality life. But hey one day their home will be worth $2M, so no worries.

@zeken4413

15 күн бұрын

To blind to see.

@darrinelford1473

15 күн бұрын

Spot on. Owning you own home puts you in debt spiral only to be left to your ungrateful kids when you die

@cheekmeat

15 күн бұрын

CBA’s head of Australian economics, Gareth Aird, said on Tuesday that not only were further rate rises now a “near‑term risk”, but any cuts will also come slower than previously expected. Most of the expected cuts will likely be pushed back to 2025, he said. He explained that strong population growth, driven by net overseas immigration, has put pressure on the Consumer Price Index. “Most notably the housing‑related components,” Mr Aird wrote. “As a result, demand is stronger and so inflation is falling less quickly than otherwise.” Meaning immigration is the problem. We're inheriting THEIR problems!

@tonytropea8406

14 күн бұрын

100%. This taxation gouging by all levels of government at business, real estate and individuals fuels the cost of living explosion.

@basilio5150

13 күн бұрын

Spot on

It’s said your home is your most expensive purchase in your life. This is not true. The most expensive ‘essential’ you will pay for is your government.

Thé whole World is at a breaking point. And, when it breaks, thé conséquences will bé catastrophic and irréversible for years to come. We have gone down at all levels. It's curtains for us.

@vids4791

16 күн бұрын

The Bible calls it Tribulation.

@connorduke4619

16 күн бұрын

Indeed. None of the current left wing political parties in Western countries will still in existence in 10 years time. They will all have gone the way of those previous Far Left deceptions, the Communist and Nazi parties.

@aaronaaron3003

16 күн бұрын

​@@vids4791why don't you get your friends to hand some of their bible sales then 😂

@basilio5150

13 күн бұрын

But what do we do just turn the other cheek?

@connorduke4619

13 күн бұрын

@@basilio5150 Because too many of us are mentally enslaved to Communist propaganda.

I am a 71 year old pensioner who spends 80% of my pension goes on rent and power bills and I only eat one meal a day because I run out of money before my next pension payment comes around, I can't afford to do or go anywhere because I have no money to do anything 😢😢

@coopsnz1

14 күн бұрын

50% goes to taxes left retard

@myday2704

10 күн бұрын

Sorry to hear this. I hope you have some friends that you can do free or low cost activities with.

Australia is doomed everthing is so expensive here

Not just Australia, check out other countries with stifling inflation.

@davidball5002

16 күн бұрын

Yeah, all countries with sky high immigration. What a coincidence!

Australians need to take to the streets

@martinepstein3332

14 күн бұрын

Or rather elect a new government,

@basilio5150

13 күн бұрын

Australia is gone its a Rothschild Colonial Outpost simple as that...the Banksters have done a exceptional job

Aussie family’s should not have to be concerned about the cost of under 10s swimming lessons, soccer lesson, footy, martial arts kids activities fees etc etc

But they keep on sending billions O/S.

@clydesimpson1462

16 күн бұрын

I'd rather Australia sends aid than troops. We must never forget that over 60,000 Australian troops lost their lives in The First World War.

@hollysmith1347

16 күн бұрын

​@@clydesimpson1462 we don't need to send either.

we are on our own!

A lot of money could be saved and redistributed to the people if Canberra was closed down, it is a black hole of taxpayer money, extremely expensive to maintain and of no benefit . Australia has a Parliament House in every state and territory , federal government could use these buildings in a shared arrangement with state governments , it’d save a fortune for taxpayers.

@clydesimpson1462

16 күн бұрын

Save Billions and house all the homeless.

@connorduke4619

16 күн бұрын

Yes we need to hire Millei to slash our public service by 90% and Trump to sign us out of Net Zero mental insanity.

@vexile1239

15 күн бұрын

But the politicians need their 100's of millions each to be able to survive, why won't you think of all those poor politicians and the unelected bureaucrats leeching our taxes to fund an extravagant lifestyle?

People are leaving Australia

@connorduke4619

16 күн бұрын

Where to? Most of Europe and North America are run by the same Socialist Narcissist lunatics.

@kanelowrey5172

16 күн бұрын

Thinking of leaving Oz. Too damn expensive.

@Gumpmachine1

15 күн бұрын

To where lol, everyone is in the same predicament

@kdegraa

15 күн бұрын

Where do you go? Which nation can you live in peace without high taxes and high prices?

@user-mf9mp8xf7p

15 күн бұрын

Im going back to NZ

All by design by albosleezy disgraceful tratior

I left Aussie in 2014 as it was too expensive. I come back every 2 - 4 years for family. This March I came back. It is TOO expensive to do anything except survive

@scorpioM56

16 күн бұрын

i agree everything is a rip off here, literally everything.

16 күн бұрын

I'm leaving for good in September/October .....cant wait!!

@carllyons4903

16 күн бұрын

I’m leaving June one way ticket to Portugal to retire, been 20 years, was the lucky country now dead country walking 😢 sad to see, totally engineered by the government’s

@pommygeezer9309

16 күн бұрын

Just out of interest you don’t have to answer.. but where in the world is better than Australia 🇦🇺

@bobcatman3844

16 күн бұрын

5 oranges 36 dollars what a joke

that'why i need to work 14 hours a day, to pay my bills, thanks to albo government

@clydesimpson1462

16 күн бұрын

Albo doesn't care that you work 14 hours a day he's only concerned with the 10 hours you're not working.

@darthcrisk1232

13 күн бұрын

Damn stupid governments

@darylsimpsom9741

8 күн бұрын

according to a certain MP they work 18 hour days what I would like too know if this is true how did Barnaby Joyce get so drunk that he was laying in the street flat on his back

Not a whimper in protest...The Aussie way.

@marketdetective

16 күн бұрын

Except for Gaza 😂

@adiintel1

16 күн бұрын

​@@marketdetectivebeat me to it.

@rabidsminions2079

16 күн бұрын

​@@marketdetectivealso lockout laws and greyhound racing.

@yellowwasprakija2869

16 күн бұрын

Hey there were about 250,000 of us in Canberra against government overreach in mandates. We were (are) ridiculed as nutters and cookers. Maybe had the rest of you joined us the government would not have such a disdain for us

@zeken4413

15 күн бұрын

As soon as you try they will censor you. Time to get rid of this current political thing

Serves people right for shutting down all the small battlers trying to compete on their behalf. Coles and Wollies own you now, live with it.

@mrchuckington6260

15 күн бұрын

👍

@sharongoodsell9341

15 күн бұрын

8 dollars for a bag of little chocolate at the common expensive convenient garage , I'm not in the Bahamas, disgusting

Interest rates were never coming down by the end of the year If anything They will go up by another percent Banana communist republic is here

@connorduke4619

16 күн бұрын

Agreed, I laughed every time a financial advisor promised an imminent "rates cut". I told them - have you taken a lot at our dystopian energy polices? If so how can you possibly believe interest rates will come down?

@adiintel1

16 күн бұрын

​@connorduke4619 if they push rates up to high could that lead to unstable housing market residential? I think they would do the same to keep air in the bubble drops rates to 0% give people 100k 1st home buyers building package and allow another million people in the country.

@connorduke4619

16 күн бұрын

@@adiintel1 RBA remains somewhat independent of the ALP Narcissist Socialist and will likely not cooperate with 0% interest rates. We can get caught up in micro analysis, but the only wat out of this is to vote the ALP Narcissist Socialists out or better yet, demonstrate on the streets until they leave.

@deanhays6115

16 күн бұрын

@adiintel1 You think this is a stable housing market Yeah right

Lets hope it's affecting those who voted Labor

@adiintel1

16 күн бұрын

What about green supporters?

@hollysmith1347

16 күн бұрын

I voted for one nation and it's affecting my family. So sick of labour and liberals

@JohnHoyleisaBraindeadOldPoS

15 күн бұрын

It is. They're just not mature enough to admit it.

@martinepstein3332

14 күн бұрын

It affects everyone, no matter how they voted

But politicians and the elite are ok tho 🙄

when will Aussies wake up...your govt is too big.....plus you depend on the govt. way too much.

Variable mortgage rates were always going to be a recipe for disaster......Most countries have fixed rates for the duration of the loan,why is it different in Australia?

@ColonelSanders-xo9hp

16 күн бұрын

We are America, ahem sorry Australia**

@sharongoodsell9341

15 күн бұрын

My dad was a cop , the police credit union surports home loans , it took him 35 years approx to pay of a fibro home in Caringbah, watching him was torture

...how many times can struggling aussies...get up off the canvas?

@connorduke4619

16 күн бұрын

An infinite number. We are after all, immortal spirits.

@Gumpmachine1

15 күн бұрын

Second highest minimum wages in the world

@coasteyscoasteys4150

15 күн бұрын

Ian Ask rocky

The cost of living seems to be increasing every year, making it harder to keep up

You will own nothing and be happy does that ring a bell ageenda 21 30

But look how your house has gone up after borrowing to the moon and paying above and beyond

@evil17

16 күн бұрын

It doesn’t matter how much it has gone up unless you have two or more houses, if you still want to live in one yourself.

The lucky country - what a crock!

I received 2 PAYG notices in 2 months! They are desperately trying to drive me into poverty.

TRUSTING THE GOVERNMENT. OH HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA.!

HOW CAN PENSIONERS COPE .???

Prices never go down. ^ ONLY UP ^. My prediction about this shonky form of capitalism is coming true. EVERY economy is tending towards hyperinflation, just some economies are in a more advanced stage than others. Wages can never keep up with prices if the benefits of increased productivity and efficiencies never go back to employees, instead primarily into the pockets of greedy CEO's or shareholders who don't deserve it, especially if they only managed to increases profits at the expense of workers or consumers in the first place. A certain precedent of profiteering takes place that needs to be maintained or improved upon each year - without fail or excuse. It's all dandy if the economy is in a healthy state, however once that constant revenue stream begins to dry up, the average person will be the first to suffer from poorer working conditions and decreased purchasing power as these companies go panic-mode over their profit margins, addicted to keeping their bottom line at any cost. Even if it costs lives or the economy itself!

The government should be putting a price cap on real estates, so no more than a 5% annual increase on rents. That’ll help 3/4 of Australia’s population on rent, would be a good start. Families won’t have to only be eating 1 meal a day, if this changes. Grocery Stores are price gouging their items! Far too many people can’t afford medications due to rise in prices. It’s down right appalling when people have to decide whether they eat or have money to purchase medicines. Public housing needs to be addressed and the price of petrol needs to go down. The Australian government has a lot to answer for…. So many broken promises. We aren’t a lucky country anymore. No one wants to call Australia home, anymore. We aren’t happy.

@antontsau

16 күн бұрын

Classic socialism. Give! Provide! Set price! Government must care of us, silly and poor! So you got your government, spending on poor and promising everything to everybody. Enjoy the result.

@johncarmen9963

16 күн бұрын

Unfortunately this is not a practical solution as for the property owners the costs go up significantly more than 5% per year, what would happen then is all these rental properties would start being sold and renters would have much less stability as it wouldn't be worth it for people to hold onto an investment property if their expenses have increased by 20% or more due to increased interest rates, insurance costs, land and water rates costs, increased maintenance costs etc, but they're only allowed to increase rent by 5%

I’ve cut out breakfast and lunch, I just have a sandwich for dinner. I allow $50 for fuel each week, when I run out I don’t go to work. I don’t go out anywhere anymore

Thanks. Done. :) Just want to make sure that they know.

Why do people dripping with wealth tell us how poor we are?

It’s by design.

Thank God we have AnAl to guide us through these troubling times. Cost of living is nothing compared to nasty memes portraying AnAl as the clown that he is.

Became slaves- work for food and bed. GULAG camp aus version?

“Experts are predicting that rates will rise again and not go down, which is amazing as we were all talking about rates going down just last month”. You can talk about rates going down all you like, but they’re not going to. The RBA have not once mentioned a rate cut this year, just another media beat up by journalists.

100 mil to fund the war

Pensioners are suffering more than others I think 😮

Increasing interest rates are only going to hurt the people that are hurting already. If its to sliow housing they need to significantly reduce immigration. Unfortunately people coming in are more than likely paying cash for housing which will only drive up house prices making it harder for the youth trying to make a start on life

@coasteyscoasteys4150

15 күн бұрын

Harry Never understood this. Why would a very Chinese or Indian come to Australia? If you're well off already then you'd be living superbly at home

@harryh9391

15 күн бұрын

@@coasteyscoasteys4150 we live in an amazing county, who wouldn't want to live here?.. I don't oppose immigration, I just think they need to focus on having houses available for the people wanting to live here to stop this craziness.

@coasteyscoasteys4150

14 күн бұрын

​@harryh9391 landscape wise it's nice but that alone doesn't determine a good country. Need good national pride and harmony, good friendly communities, good infrastructure meaning you can get from A to B easily, good health system,

Maybe tax more of our resources and give back to Australians

Well the economy should have crashed back in 2008-2009 but instead they manipulated the markets and kicked the can down the road, well guess what….. not much more road to go and that cliff is right in front of us. Going to be a lot harder of a fall now compared to what it was going to be 15 years ago.

what cost of living crisis? the RBA and the Labor are living in luxurous life style right now, and they are so itchy to increase the interest rate because their spending fund is abit low.

How do we start protests against the rates? We are now broke and just working to pay tax and mortgage.RBA didn't do its homework before raising rates.should have checked price gouging and increase in insurance costs every year. We need mass protests on rate hike as every Australian (leaving gas, banks,power,coal and insurance companies)are in severe stress.RBA's decision emptied our rainy day and emergency savings.And still no sign of reduction in rates. If you are looking at USA, then give us 3% rates for 30 year term .they are not feeling it but RBA followed it the wrong way. Mass protests for rate hike is our only way to let them hear us.

@azamatbogatov1600

16 күн бұрын

Problem is.. we have this culture in Australia where we just cop it in the chin and keep going, basically get fkd by the government daily. Go look at France and how they react to something the government changes… rightly or wrongly they don’t take shit.

@coasteyscoasteys4150

15 күн бұрын

Sammo Usa has longer fixed terms but I think they have rules as to how much you can pay back So still stuck

They are talking about raising rates again because of inflation… even though they are causing the inflation with record migration and industry price gouging

🇺🇸Sending money overseas is it humanitarian aide for Ukraine.Usa sent $60 Billion dollars.35 Trillion dollars government deficit .

10k less? I survive on 15k a year

Not driving on your roads which are a legitimate scam now days with the cameras pinging off and sending fines for going 6 over the limit - $300 fine. This is what a legitimate scam is so no more driving.

Sell the mercedes and buy a Honda start living in your means. Too many people had it too good for too long.

@azamatbogatov1600

16 күн бұрын

Hondas, kias, Mazda’s - you think these cars are any cheaper… medium family suv which most people buy because they need it costs around 50/60k (new or dealer used). Once Australia shut down car manufacturers in Australia… good bye decently priced cars!

@ashleybennett4418

15 күн бұрын

Dont buy an SUV when u have 2 kids you dont need one​@@azamatbogatov1600

When you kill the golden goose what do you expect?remember AUKUS?Cancel the Subs!Used the cash from AUKUS subs $600 billion to pay every citizen in Australia $1 million dollars and build houses for them🤣

I just paid $360 to a plumber for a 10 minutes job in the shower. In a city with 5.5. million population you cannot find it cheaper because there are shortage of plumbers. And so everywhere - bus drivers, truck drivers, medical personnel, electricians etc... Because half of the population lives on social payments and do not want to work, and anorther half have to pay higher taxes to suppost those on social welfare. Youg people cannot afford tuition fees at unis and TAFEs because they prefer foreign students with money.

18mths ago it was YOLO Christmas, now we’re at breaking point?? How about a bit of personal responsibility.

ALPs Fault

@DavidNotSolomon

16 күн бұрын

There is only one party controlled by the WEF

@adiintel1

16 күн бұрын

So liberals have done a stellar job? 👌 😂

Same going on in Britain.

@martinepstein3332

14 күн бұрын

Yes,thank you Brexit

I had a conversations about this with a client of mine just the other day, I hardly know anyone doing it tough, same with him. Most are going on holidays, buying new cars...it really only must be a fairly small percentage that really at 'breaking point'.

Albo collects rent.

Why Sydney get $500 one off payment for energy relief And vic $ 250 ????for this 2024 budget

Spoiler ..... Inflation in Australia on a world scale is NOT high Higher wages are good for all Australians

I keep hearing this but it seems like I’m the only one actually feeling it.

Terrible, Ill add, try being an injured worker in iCare system currently. They are cost cutting at every opportunity as well, denying access to travel costs etc., Usual dirty tactics at play- bleeding cash and injured workers suffer. Collapse imminent?

If it makes Australians feel better, the cost of living on the wh9le is even more expensive here in NZ. I was in Queensland last month and went to a supermarket in an upmarket suburb to get groceries to make dinner for my friends who we were staying with. OMG the cost of pretty much everything was signed ifics tly lower than what we pay in nz. I couldn't believe it. Meat was maybe only slightly cheaper, but everything else was easily half the price to what we pay in NZ; we are talking bottled items, bread, fruits, yogurt, cereals, pasta, frozen items, EVERYTHING. I was shocked. I can now understand why so many kiwis move across- life is still expensive in Australia for sure, but the basics look significantly less. My husband and I calculated that in grocery shopping alone we would probably be about $7k better off a year.

A big part of the cost of living is high interest rates which is exactly whats taking away from budgets. Higher interest rates, higher prices for everything because small business cant absorb higher minimum wages and interest rates on their borrowings. Just check out the stats, some 5k to 10k small businesses are now closing per month. The more businesses close, the less competition, the higher prices in the future...

Cost and living crisis not for the ones on the list. Why is that?

I’ve still got plenty of money??

Were doomed here in oz land down under rates too high petrol too high too many bills n food n clothing too expensive....were digging into everything we got....gloomy future down here ....not much work out here also 😢😢😢

What can you say ..

Borrow more money!!!!

@adiintel1

16 күн бұрын

Throw more stimulus at it 😂

Where do they get the consumer index ay 7 %.. I have seen 30/40 % what about fuel. last week $1:85. this week $2:25 ... 7 % ? . they need a new calculator .

Sustainable development with an emphasis on self-reliance.

Self use property should get deductions on interest expenses instead of investment. Further raise on interest rate will only cost renters more in this imbalance market.

Australian dream is dead. Young adults and future generations will forever struggle to make ends meet. The greed of corporations and billionaires and the political agenda so satisfy those same entities has cemented the future of Australia.

This issue does NOT affect ALL Australians. At lease try to be somewhat factual. It falls predominately on people with large mortgages. People on government handouts are largely immune as their handout is indexed to the inflation rate. Self funded retires are largely immune as investment returns are running well ahead of inflation. Those still working with just a small mortgage or fully owned home are getting along ok. It all comes back to insane government policy regarding artificially low interest rates that created the housing bubble. Those caught by the bubble are the only real casualties.

Why is there still record number of new car sales 🤔

A great problem for so many

^^ I am busy laughing while I cry inside - I have forgo eating much and forgo so much basic necessities I don’t even buy cookies or ice cream anymore

Remember, always remember, your government loves you!

Banks and supermarkets fuel energy taking it all. Same major shareholder in all of them.

I see a Woolworths in this video. All our Woolworths went out of business ages ago.

Nothing to do with the Interest Rates as the things are Independent away from the Spending Patterns of Aussie Population where the Household Cash hasn't been caughtup with the Growth situation as the Businesses couldn't get with Financial Leverages for Investments in New Avenues or could be more of into improving BalanceSheet with reductions in Debts and Payoff on Equities.

This is sad.

This thumbnail title applies to Canada as well!

We may be at breaking point but at least we have the benefit of knowing that we are - somehow or other, although no one can rationally explain it - "saving the planet!?!"

albo is done

My current balance about $30 in my daily bank account.

Read the Six Lessons of Mises if you want to understand why we're here.

I can only afford meat once per week for 1 meal. Going to the local swimming pool ONCE is equivalent to a 4 week holiday in terms of affordability 😢

When the Medicare dental scheme benefits going to start ?? And how much we get it

Interest rates should be low and inflation should be controlled by GST. It should be pay as you spend not pay more the more debt you have.

poltican in labor government buying more investment properties for themselves , Nick kin green senator owns 6 homes , albonese 9 homes ! are high taxes or more taxes needed in australia no

So where is the news then? At least dropping some stats

I don't want to give up smokes, drinks and bets.

They say we are kicking goals spending to much money around that's why they are putting up the intrest rate's again .

@clydesimpson1462

16 күн бұрын

Someone is spending my share.

Australia is broken

Meanwhile... new car sales at all time high hmmm 😅

@coopsnz1

16 күн бұрын

net profit are down tho a new car dealer , transporting a car cost more

Tell your 🇦🇺defense minister to give $100,000,000 to Ukraine

I still assume it is better than canada