Latest News & Commentary
Land Sales Volumes Fall – Good!
14 July 2011 MELBOURNE:- “Falling land sales further signal the ending of The Great Australian Land Bubble,” Prosper Australia Campaign Manager David Collyer said today. Australian land sales volumes have fallen for the last six quarters, according to Housing Industry...
Australia’s Wile E. Coyote Moment
Poor Wile E. Coyote’s cunning plans never produced a meal. He invested everything, but always went over a cliff or was holding the exploding bomb. Warner Brothers mercilessly milked the moment he realizes his plot has failed – his defeated dreams had us children...
Mining Sovereignty Sold
photo credit: AveLardo Letter to the Editor - The Age Bryan Kavanagh, Glen Waverley It’s sickening to see the two major parties compete to sell Australians out as they kow-tow to foreign interests in connection with our natural resources. As Julia Gillard accedes to...
Miners Gouge Australia Twice
photo credit: yewenyi “The mismanagement of both the federal tax powers and Australia’s natural assets by the Gillard government is sickening,” Prosper Australia Campaign Manager David Collyer said today. “They are allowing the miners to gouge our country twice.”...
Premier Baillieu – Victoria’s Tax Architect
photo credit: mugleyThe Baillieu government has just received a major report into Victoria’s economic efficiency that offers a clear path to redesign state taxes, advance living standards and make Victoria an absolute magnet for employment and investment. “Ted...
Lessons from Manhattan
photo credit: atomicshark“The devil is in the details.” German Proverb A fascinating paper on Manhattan real estate in the 1920-39 era shows why property went down, stayed down and didn’t recover in real terms until 1960. ‘Real Estate Prices During the Roaring...
Property Market in Disorder
MELBOURNE:- The worst fears of real estate agents and property vendors has arrived: the orderly sale of property has broken down. A twenty year uptrend made Australian real estate ‘most severely unaffordable’ and a Ponzi scheme propelled by consumer debt. Prosper says...
Wall Street’s $13 Trillion Cover Story
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...
Take your positions, please
A debate is a chance to crunch opposing views. Strong ideas advance and poor ones are discarded. Good. But when participants and audience have already made up their minds, fresh argument goes nowhere. The Money Institute’s big debate in Sydney on Tuesday asked – Will...
How Financial Oligarchy Supplants Sovereignty
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...
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