Hey Morgue
Ever given any thought as to where you superanuation dollars are distributed so there will be a a nest egg for you when you retire.
They don't have these things in greece and Spain and that is why they have 20% unemployment and old people who can no longer work beg for food of us tourists outside macdonalds restaurants. If you drop a bumper on the ground half a dozen guys will dive on it. I used to see the same thing as a kid growing up in Manly as as a kid.
Go and buy a few shares in some of these big companies you mentioned and you will get fully franked dividends (not Taxed)
Just watch us smart old buggers pull our retirement cash out of the banks if the government puts controls on them.
Then when you want a new fourby or a loan for some BGF's there will be no cash avaliable.
The government is already up to hock to the eyeballs from china and the arab nations for hundreds of billions.
Our petroleum price is set on the Singapore market not on that number you see on tv on the news.
For most of us Aussies things are not to bad.
I know where my supa dollars are going, straight into the pockets of those mongrels in Pitt St. Now you are reallly talking about a rip off, by 2012, 1 Trillion dollars, that's right, 1 Trillion dollars will be held by supa companies, and not one cent has been really invested in infrustructure from these thugs..
We had a national bank called Commonwealth at one stage,where all of us tax payers were share holders in one way or another, then the government got conned by investment bankers, to sell the Commonwealth off for money.
Then it happened all over again when Telstra got sold off, Qantas,State electricity companies, State paid and owned freeways, State gas companies and now with QR rail.
Keep you eyes on the state desalination plants and the Snowy Hydro Scheme over the next 10 years, the merchant and investmant bankers are just inching to get their claws into them. We the tax payer has paid for the infrustructure, and those buggars conn the governments to sell it, then we get charged to use something we already own and have paid off.
So who is having who in the scheme of things...
The fees the supa funds charge you, have a look at your statement, some time, they charge you, not on your contributions, but on the balance of your supa account.
The thing with supa is, that it is not an asset until it is realised at a date of collection, so at the moment, you are paying your hard earned money into a scheme, that promises,(as Howard use to say "Not a Core Promise) promises mind you ( not guaranteed) a return of funds, based on a rate of returns that the market dictates.
Then the laws can be changed on how you are allocated those returns, either lump some or partical payments...they can be changed by the government or the institution and you have no say in the matter.
Talk about the Emperiors new clothes !
As for the debt, well, the public debt, that is debt of the Federal government, is well less than that debt held by the private sector, ie BHP and credit card holders...even with the expansion of government spending over the last 12 months, the amount of $46 billion is less then the debt of Rio Tinto & BHP, even the total government debt of $125 billion, is less then the public debt by over 50%.
BHP had blown over $900 million alone in the last 10 months in dud attempts to buy into some OS comapanies...now if I was a share holder in BHP, I would want some bloody answers...
I digress,
Back to the fuel prices, the wholesale price is dictated by the Singapore price, that is true, but what we have at the moment is that the retail price, the bowser price is being colluded and manipulated by the oil companies and the retailers...
The problem is, we are letting them get away with it.
