Prosper Australia

photo credit: M J M Michael Hudson Free money creation to bail out America’s elite financial speculators, but not for Social Security or Medicare Only the “Crazies” Get the Bank Giveaway Right Kindly borrowed from Michael-Hudson.com Financial crashes were well understood for a hundred years after they became a normal financial phenomenon in the mid-19th [...]

photo credit: George Laoutaris Will Greece Let EU Central Bankers Run Riot Over Sovereignty? Michael Hudson When Greece exchanged its drachma for the euro in 2000, most voters were all for joining the Eurozone. Their hope was that it would ensure stability, and that this would promote rising wages and living standards. Few saw that [...]

photo credit: Jasmic Gavin R. Putland in today’s Crikey Enewsletter: Without the benefit of reading today’s balance-of-payments figures from the ABS, I’m expecting tomorrow’s GDP figure for the March quarter to be worse than the median forecast of mainstream economists. Probably much worse. As Bloomberg reports this morning, the median forecast is for a contraction. [...]

photo credit: flatworldsedge Economic Answers Way off the Mark by Karl Williams Another neoclassical excuse-maker has just hit the airwaves, claiming to identify the causes of the GFC and even hailing Alan Greenspan as the prophet who was ignored as the GFC loomed! Once again, the fact that our economic system allows land speculation – [...]

Housing auction clearance rates are being over stated to protect ‘the market’. Why has our financial data been distorted to suit those ‘in the know’?

Supporting the Have Not’s – Why the Home Buyer’s Strike must continue.

photo credit: Karsoe The new Victorian Liberal Government’s move to provide a 20% cut to Stamp Duty will have bankers wringing their hands. The market price for a house will vary little. There will be no saving for First Home Buyers. A 20% reduction for barely 15% of the market (FHO’s) will not be enough [...]

Featuring super funny woman Catherine Deveny, Cris Popp’s laughing yoga, David Collyer on the Home Buyers Strike and Renegade Economist Karl Fitzgerald. Let’s strategise ways towards a genuine level playing field in housing. Join our facebook group for all the chatter. Thanks to Leticia Kemp for the neat flyer design. RSVP pls to assist with [...]

photo credit: The-Lane-Team The rising number of ghost auctions (unreported auctions not called in by real estate agents) is distorting the housing market. The REIV’s weekend clearance rate was 57% on 480 auctions. However, 102 were ghost auctions and not included in this figure. Being fiscally conservative, one should automatically add these to the denominator. [...]

Tues May 10th, 7 -9pm Celebrating lower housing prices. Champagne and caviar for Home Buyers on Strike The bubble has popped so the champagne must be topped! Join us to celebrate falling house prices and the opportunity this offers generations of everyday people. A satirical seminar on the state of un-real estate featuring David Collyer, [...]