Swan’s debt dive an act of financial vandalism

(The Telegraph) WHEN the scandal-ridden Whitlam Labor government hit the fiscal bricks in the mid-seventies it turned to Pakistani Tirath Khemlani to act as a conduit for a $4 billion petrodollar loan. […] Over the past four years, the Labor government has lifted the debt ceiling four times, from $75 billion, to $200 billion, to $250 […] […]

Cui Bono: Labor Fabians, Foreign Governments, or you?

(AustraliaMatters) Busy week for the Gillard international socialist fabian society. It must be tough work increasing our debt, exporting our jobs, giving away our taxes, and literally selling country Australia to foreign governments. Aren’t you glad your family fought and died in wars to help keep Australia safe for foreign investors? Yeah, Gillard could have […] […]

Lolly Maker: Wayne Swan

(AustraliaMatters) One has to wonder what’s going on in the heads of those that claim to be leading us. We hire politicians to tell us the truth so we can make informed financial decisions for our families future. Sugar coating is the job of lolly makers. Sure, if Rothschild is correct about the fate of […] […]

Swan-RBA “Upbeat” About Economy While Rothschilds Bets Millions On Collapse

(Australiamatters) Que the twilight zone music. Three Jewish billionaires Jacob Rothschild, John Paulson and George Soros are betting millions on a coming financial disaster. Meanwhile Australian Treasurer comrade Wayne Swan and the RBA are “upbeat” about the Australian economy that’s floating on a $300 billion Chicom credit card. If the Australian economy was “upbeat” another […] […]

Who Owns Australian Government Debt?

(Daily Reckoning) Did you see the bit in yesterday’s Australian Financial Review about who owns Australian government debt? […] If you’re a debt optimist, these figures show that there’s plenty of demand for Australian debt. If you’re a debt pessimist, these figures show that Australia owes foreigners a lot more money now than it did […] […]

Treasurer Wayne Swan raises government’s borrowing limit to $250bn

(TheAustralian) THE Government has blamed Australia’s summer of disasters for its move to raise the cap on government debt by $50 billion. As Treasurer Wayne Swan was congratulated by colleagues after Tuesday’s budget speech, Assistant Treasurer Bill Shorten introduced draft laws allowing the government to increase the amount it can borrow from $200 billion to $250 billion. The proposed legislation would also remove a requirement that the Treasurer explain why the extra money is needed. Read more

Yeah, why should the hired help “explain” too we the Australian bosses why we, our children and country have been taken down to the communist China pawn brokers to the tune of $250 billion, plus interest. Who needs Section 51 of the Australian Constitution anyway. All hail dear debt leader, Wayne Swan.

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