Savers take a beating.

Discussion in 'Markets & Economies' started by TheEnd, Aug 6, 2013.

  1. Byron

    Byron Guest

    400-500k is cheap. Wish there were decent properties in that price range in Sydney.

    Property prices have picked up except for Adelaide and Hobart.
     
  2. TheEnd

    TheEnd Well-Known Member

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    Sydneys boom is over ....Melbourne is the next city to follow Sydney in 2014 they're saying.
     
  3. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    If the cost to the public health system of treating smoking related illnesses were reflected in the retail price of cigarettes they'd cost about AUD$90/pack of 25.

    Source: (UK) National Health Service/xe.com
     
  4. col0016

    col0016 Active Member

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    I find that very hard to believe..
    Is that trying to catch up as well or do they actually estimate that every packet will cause $80 worth of healthcare costs?
     
  5. Pirocco

    Pirocco Well-Known Member

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    Over the past decade alot learnt the hard way what those promises and advice from banks to go to stocks / bonds were worth. They won't let themselves trick another time in them, and thus they continued saving as bank deposits, as to not waste their money, once again, on by frontrunners bloated prices. And that's abit of a problem for the central planning parasites, this way they can't increase intrest rates because heaps amounts of bank deposits yields then heaps amounts of dollars, which is purchasing power they dont want. See, it's easer to give 1% on total deposits of $1000 than on $10000. The first case costs them $10, the second case costs them $100.
    That's also the reason that they try to scare bank deposit holders, along halve average amounts guarantees, confiscations, taxes, and so on.
    And making interest rate negative means that depositors have to pay instead of receive, guess what those depositors then do: they withdraw their deposits as cash. And plenty cash around is horror for central planning parasites: they have no control over it. It's circulating, sits hidden everywhere on as much places as owners, not taxable ownership. Unable to devaluate. Black markets. Usually also a stage at which either hyperinflation / currency replacement pops up.
     
  6. TheEnd

    TheEnd Well-Known Member

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    So i'm just about better of taking my money out of bank and keeping it at home in a safe instead of paying fees and tax on interest?
     
  7. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    As time goes on... I think...Yes!
     
  8. TheEnd

    TheEnd Well-Known Member

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    Bloody hell things are getting very desperate then.......Oh well I already have a safe just gotta glue it down hard somewhere so it cannot be stolen.
     
  9. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    I can recommend my house :p
     
  10. TheEnd

    TheEnd Well-Known Member

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    I'm broke at the moment anyways so got no cash in bank at all.....Going for new job interveiw today.....Yay I might be employed again....Money for pms!
     
  11. TheEnd

    TheEnd Well-Known Member

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    I got the job! Start Monday....$23 per hr as start possibly more further on......Yippee no more Centrelink!
     
  12. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    Congrats. :)
     
  13. boneyard

    boneyard Well-Known Member Silver Stacker

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    'VERY happy for you.

    Good for spirit.

    Hope you enjoy the position.

    Take your lunch with you and save some of$$$$$.
     
  14. hiho

    hiho Active Member Silver Stacker

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    mmm no
    nice av champ
     
  15. Byron

    Byron Guest

    Congrats on getting the job mate.

    It's much better than the dole, but $23 an hour (gross i assume) seems like slave labour wages to me. Is it a standard wage in your industry or are they gipping you?
     
  16. volrathy

    volrathy Active Member

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    $23 per hour isnt too bad its 40% over minimum wage

     
  17. doomsday surprise

    doomsday surprise Well-Known Member Silver Stacker

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    Slave wages in relation to what? Not everyone makes $50+ an hour. Australia's wages are some of the most ridiculously overpriced in the world. Look at the mining industry - one of the reasons it is crippling itself is because of the enormously overpriced wages. People making $150k or more for driving a truck for 8 hours a day! It's totally retarded.
    If our costs of living (especially housing and energy costs) weren't so out of control then this would be a fair wage for a number of industries.
    Australia is out pricing itself in relation to the rest of the world.

    BTW - good luck with your job mate. I hope it all works out. :)
     
  18. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Well done Lad!!!! :cool:
     
  19. TheEnd

    TheEnd Well-Known Member

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    Thanks fella's i'm really happy and looking forward to just having a job...NO ONE can survive on $450 a fortnight....
    The job is based on my trade as a diesel mechanic but this job is light to medium work....Mechanics generally are underpaid.....I think if I go to full time employment they mentioned they may pay me $26 hr....i'm really hoping that happens asap.
     
  20. volrathy

    volrathy Active Member

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    I know no one on $50 + per hr

    Everyone I know is on $20-30 per hour

    http://www.ato.gov.au/uploadedFiles...n_detail/Downloads/cor00345977_2011CH2IND.pdf

    In 2010/2011 9,932,611 people employed earned $499,336,000,000
     

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