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Australia - The Lucky Country - On borrowed money.

KhunHeineken
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KhunHeineken Platinum Member

KhunHeineken

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11 minutes ago, Adumbration said:

@KhunHeineken you are year late to my party:

 

Australian dollar is going to hit 40c to the USD in the next two years.  Lower if there is conflict in the south china sea.  Those surviving here on the OAP need to start right now putting a plan in to place on how to survive when the exchange rate is 10-15baht to the dallar.

 

Not late at all.  I have agreed with you in the past on this.  Then, there's also the proposed changes to non resident tax enforcement, but that's in another thread.  

 

I have suggested that moving to a more affordable country may be the only option for many, that would be Cambodia for most, or, to the village in Thailand, to live out one's days in a pitiful manner. 

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KhunHeineken
KhunHeineken

Aussies might find this article interesting, and disturbing.     Some eye watering figures.     https://www.smh.com.au/politics/federal/australia-drives-up-debt-to-menzian-levels-w

simple1
simple1

Current annual cost of welfare / social services in Oz is AUD$191.8 billion. Personally I would not define welfare payments as 'generous', it is extremely difficult to live on welfare in Oz. e.g. Age

gearbox
gearbox

I don't think the government intends to pay back this debt as is, it will try to inflate it. One consequence could be the AUD goes way down, imagine AUD buying only 10 bahts. There seem to be no

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still kicking Ruby Member

still kicking

Posted
Posted
4 hours ago, KhunHeineken said:

Just checking in on Australia's Debt Clock.

 

That's a lot of debt for a country with only 28 million population.  

 

https://australiandebtclock.com.au

Absolute nonsense, I lived in Thailand and got bankrupt I don't get all the benefits in Thailand as I get in Australia. Do I get free health care in Thailand or Cambodia? Absolutely not. It would consume most of my pension. And those statistics only apply for stupid people who max up their credit cards which I don't have I lived many years in Thailand but moved back to OZ so did my Thai wife of 20 years 

KhunHeineken Platinum Member

KhunHeineken

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3 minutes ago, still kicking said:

Absolute nonsense, I lived in Thailand and got bankrupt I don't get all the benefits in Thailand as I get in Australia. Do I get free health care in Thailand or Cambodia? Absolutely not. It would consume most of my pension. And those statistics only apply for stupid people who max up their credit cards which I don't have I lived many years in Thailand but moved back to OZ so did my Thai wife of 20 years 

Errrr, we are talking about a country, not YOU. 

 

Oh, and the debt clock is real.  If you don't believe it is, post a link refuting it. 

still kicking Ruby Member

still kicking

Posted
Posted
2 minutes ago, KhunHeineken said:

Errrr, we are talking about a country, not YOU. 

 

Oh, and the debt clock is real.  If you don't believe it is, post a link refuting it. 

You don't get it do you? Never mind 

KhunHeineken Platinum Member

KhunHeineken

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16 hours ago, still kicking said:

You don't get it do you? Never mind 

It's you that doesn't get it.  You have to look at the big picture.  The money to service such debt has to come from somewhere, either in tax revenue, or cost cutting, which means all Australians either pay more, or lose an amount of services. 

  • 3 months later...
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Olmate Platinum Member

Olmate

Posted
Posted
2 hours ago, TroubleandGrumpy said:

Still lucky - got things that others need - food, coal, iron ore, aluminum, uranium, etc. 

KH does,nt like to factcheck, or even understand debt to ratios, let him go, its hometime soon! 

Olmate Platinum Member

Olmate

Posted
Posted
On 5/5/2024 at 8:58 AM, KhunHeineken said:

Checking in on Australia's debt clock. 

 

https://australiandebtclock.com.au

 

"She'll be right, mate."  :smile:

Cobber me,its KH playing spin the bottle, Your outa your field of expertise  here, best call that Ozzie Austin Healey driver! 

KhunHeineken Platinum Member

KhunHeineken

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On 6/3/2024 at 5:13 AM, Olmate said:

Cobber me,its KH playing spin the bottle, Your outa your field of expertise  here, best call that Ozzie Austin Healey driver! 

I can see you have been in the bar at 9am on Leo again. 

 

That said, driving Austin Healey's is what sent Holden packing in Oz.  So, you prove my point.  :cheesy:

KhunHeineken Platinum Member

KhunHeineken

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On 6/3/2024 at 3:02 AM, TroubleandGrumpy said:

Still lucky - got things that others need - food, coal, iron ore, aluminum, uranium, etc. 

Are you Twiggy or Gina?  Do you own a mine? 

 

Australians are / were paying more for electricity / gas than people overseas, and they are burning Australian coal / gas to get cheaper energy than Aussie are, and it's in Australia's own back yard.  Wonderful, isn't it? 

 

Tell the pensioner this winter who has to chose between heating and eating how "lucky" they are. 

Olmate Platinum Member

Olmate

Posted
Posted
8 hours ago, KhunHeineken said:

Give us some facts, OM? 

 

Here's one for you.

 

https://australiandebtclock.com.au

 

Notice how it keeps going up, and never down.  Now why would that be?  :cheesy:

Your always heading down doomsday mountain.... howabout try climbing the ladder to suk ces! Go on, you know you would really enjoy it🤪

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KhunHeineken Platinum Member

KhunHeineken

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15 hours ago, Olmate said:

Your always heading down doomsday mountain.... howabout try climbing the ladder to suk ces! Go on, you know you would really enjoy it🤪

What advice do you have for the pensioners in Australia?  They are feeling the "doomsday" while you are kicking it up in Thailand.  

 

Give those pensioners some advice.  They need it.  What is it? 

 

Would your advice be to start eating canned dog food, like they did in the 80's?  Yeah, remember that? 

 

Tell them how lucky they are to live in the Lucky Country while you are living in Thailand.  :cheesy:

Olmate Platinum Member

Olmate

Posted
Posted
On 6/5/2024 at 11:52 PM, KhunHeineken said:

What advice do you have for the pensioners in Australia?  They are feeling the "doomsday" while you are kicking it up in Thailand.  

 

Give those pensioners some advice.  They need it.  What is it? 

 

Would your advice be to start eating canned dog food, like they did in the 80's?  Yeah, remember that? 

 

Tell them how lucky they are to live in the Lucky Country while you are living in Thailand.  :cheesy:

Not you again, Shirley Knot! Its the emoji on her back vomitting kHuns old news stories from the old days in 'strayla', You were still a tadpole then KH! 

KhunHeineken Platinum Member

KhunHeineken

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3 hours ago, Olmate said:

Not you again, Shirley Knot! Its the emoji on her back vomitting kHuns old news stories from the old days in 'strayla', You were still a tadpole then KH! 

Certainly wasn't a tadpole.  I remember when Australia really was the Lucky Country.  A decent day's work for a decent day's pay, and families got ahead.  Hubby's wage would cover everything, with some left over for a domestic holiday each year.  Mum could stay home and look after the kid, so they weren't raised by strangers in a day care facility. 

 

Now, kids and grand kids can't even afford to buy a modest house in the suburbs, and it's all by design.  

 

The sad thing is, the cost of the money successive governments have borrowed, over decades, through the interest, means we are still borrowing. 

 

Check it out.

 

https://australiandebtclock.com.au

 

I suppose you are going to say they eat too much "smashed av."  :cheesy:

  • 3 weeks later...
KhunHeineken Platinum Member

KhunHeineken

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On 7/1/2024 at 2:06 AM, Olmate said:

U havent got a link to   ausearningclock.com.au bychance, mite help u understand it? 

Depend who "earns" and where those "earnings" go?  :smile:

 

The population of Australia is 26,966,789.

 

https://www.abs.gov.au/statistics/people/population/national-state-and-territory-population/latest-release

 

The amount of employed people out of the 26 million is 14,316,400.

 

https://www.abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/latest-release

 

To be classified as "employed" you only have to work 1 hour a week.

 

https://www.rba.gov.au/education/resources/explainers/unemployment-its-measurement-and-types.html#:~:text=Employed – includes people who are,or more in a week.

 

So, Australia has near half the population working to support the other half. 

 

If only every Australian citizen could own a mine.  :cheesy:

Olmate Platinum Member

Olmate

Posted
Posted
20 hours ago, KhunHeineken said:

Depend who "earns" and where those "earnings" go?  :smile:

 

The population of Australia is 26,966,789.

 

https://www.abs.gov.au/statistics/people/population/national-state-and-territory-population/latest-release

 

The amount of employed people out of the 26 million is 14,316,400.

 

https://www.abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/latest-release

 

To be classified as "employed" you only have to work 1 hour a week.

 

https://www.rba.gov.au/education/resources/explainers/unemployment-its-measurement-and-types.html#:~:text=Employed – includes people who are,or more in a week.

 

So, Australia has near half the population working to support the other half. 

 

If only every Australian citizen could own a mine.  :cheesy:

So sad,too bad.   Ive got mine mine... I m OK Jack!!  To my questionto you, "No I dont have an earnings clock," would have sufficed! I would have forgiven you😭! 

KhunHeineken Platinum Member

KhunHeineken

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On 7/2/2024 at 11:31 PM, Olmate said:

So sad,too bad.   Ive got mine mine... I m OK Jack!!  To my questionto you, "No I dont have an earnings clock," would have sufficed! I would have forgiven you😭! 

 

$60 million a day in interest alone, and that was a year ago. 

 

https://www.news.com.au/finance/economy/federal-budget/australia-spends-60m-per-day-on-interest-repayments/news-story/3c9579a7209ad0bb5069e08a5526a3a6

 

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still kicking Ruby Member

still kicking

Posted
Posted
On 6/6/2024 at 12:52 AM, KhunHeineken said:

What advice do you have for the pensioners in Australia?  They are feeling the "doomsday" while you are kicking it up in Thailand.  

 

Give those pensioners some advice.  They need it.  What is it? 

 

Would your advice be to start eating canned dog food, like they did in the 80's?  Yeah, remember that? 

 

Tell them how lucky they are to live in the Lucky Country while you are living in Thailand.  :cheesy:

I am 77 and a  pensioner I lived in LOS for years I moved back to OZ because I couldn't afford health insurance in LOS and don't tell me it is expansive to live in OZ. My rent is just 480 AUD per fortnight that's not more than a unit in BKK but my pension is is 2600 AUD and have not had an increase in 8 years have free healthcare and free hospital and get discount on my pensioner card in many shops. Not everybody lives in the east and shops at Woolworth.   

KhunHeineken Platinum Member

KhunHeineken

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11 minutes ago, still kicking said:

I am 77 and a  pensioner I lived in LOS for years I moved back to OZ because I couldn't afford health insurance in LOS and don't tell me it is expansive to live in OZ. My rent is just 480 AUD per fortnight that's not more than a unit in BKK but my pension is is 2600 AUD and have not had an increase in 8 years have free healthcare and free hospital and get discount on my pensioner card in many shops. Not everybody lives in the east and shops at Woolworth.   

Just to clarify, free medical care is the ONLY reason you are living in Australia.  Is that correct?  If so, others may like to live out their twilight years in a place they are happy, on a daily basis, and deal with any possible medical issue that may arise if / when it comes. 

 

Any one of us could drop dead of a heart attack tomorrow.  If that were to be the case, I would be glad I had been living in Thailand when it happened, and not in Australia, but each to their own. 

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still kicking Ruby Member

still kicking

Posted
Posted
2 minutes ago, KhunHeineken said:

Just to clarify, free medical care is the ONLY reason you are living in Australia.  Is that correct?  If so, others may like to live out their twilight years in a place they are happy, on a daily basis, and deal with any possible medical issue that may arise if / when it comes. 

 

Any one of us could drop dead of a heart attack tomorrow.  If that were to be the case, I would be glad I had been living in Thailand when it happened, and not in Australia, but each to their own. 

No, free medical is just one reason I live in OZ I have many reasons to live here to many to mention. As I mentioned before in another tread I still have holidays twice a year in LOS free accommodation since I still have my own place there  

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