Market Correction

[arroyo]

Ahh its nice to live in the lucky country isnt it guys . Should change that saying to the bukakke country , where the people are bukakkied daily by their leaders .

 

[Jacko]

Really a lot of good thoughts above. So, we're never surprised when everywhere we go travelling, 100% of those we talk to all have the same big concerns about this country and for our children and grandchildren such as the loss of industry, jobs and the sale of assets, eg Port of Darwin, Cubbie Station, VDL and Mr Morrison is probably going to stuff up on Kidman as well. And they keep calling it foreign investment. Have traded a bit for years but now the share market is a bit of a betting game, one company was to report earnings last Friday, their shares hiked up on Thursday?? and then dropped $1.92 on reporting a huge profit on Friday. Not rigged!

 

[GypsyGoldAu]

Help the individual to create a nest egg from their own worth. 10% is a perfect percentage and one I already subscribed to.

The reality two decades on is this system has been perverted and misdirected to the point it does not resemble anything like the stellar concept it could be or was.

Sadly, the reality was that many thought that they could survive on 10% of their current income (if that were the only contributions relied upon) in retirement, a quest i would say could not be achieved, even if they were still working & earning. (ie; the top 5% would be the only beneficiaries of such policy, viola, those who it was designed for lol).

That's 10% of income, then income tax, agent fee, (current) loooow % rate, and still falling, for return (lets face it, 2% on 1 tenth of your wage...really?), even with compounding returns this becomes marginal at best, without even going into the complexities and issues faced by companies/structures of the 'invested' funds and those whom are invested in the 'Administration' of such magnitude, we extol it to the status of 'machine' ....

A 'POLITIC' program in design and performance from the beginning. Just like our now 'association' with the UN, WHO & TPP's we have seen unravel into arenas of disastrous outcomes and loss of our Nationality and Independence. Not to mention Identity, Pride, and Democracy. Then there is the other side....the outright winners who now own us, of which, in this our 'Democratic' system/society, had absolutely no say in it's outcome, we were sold out. (See what becomes from 'legislating' out 'Referendums' has allowed to happen??)
https://en.wikipedia.org/wiki/Referendums_in_Australia#Other_aspects

*Note* 44 'referendums' since 2012 huh?... can't say i had knowledge of any more than a few....and certainly NONE regarding as to our unification and subservience to the UN. Please let me know if/when i missed this? (some parts of the 60's/70's are still a bit hazy )

ie; we are being raped from the womb to the grave, just as in times past, just in a different and 'modern' world.
Nothing really different from millenniums ago..... 8.(

The olde adage, from Alexander Pope 300 yrs ago, still rings true..."A little bit of learning is a dangerous thing..." as seen here; " http://www.thisdayinquotes.com/2010/05/little-learning-is-dangerous-thing.html "

Seems, to get things working 'correctly'.....we still got a LOOTTT of 'learning' to do yet...sadly, it will be well after my time above ground and spent in the 'dangerous' zone of our journey to 'understanding'.

GGA

 

[The geezer]

This is a the greatest country in the world!.We have the will and means to keep it so,unfortunately we now have so many self serving politicians who will do anything to remain in power or make any promise to achieve power. This is now the country of entitlement and the the our politicians prove that regularly .You should count on looking after yourself not the government because the are all circling now ,looking at your super for there next plans.When will we get a real a leader ? It's up to us to vote the crap out.

 

[Magilla]

Reality check, 95% of the worlds population survives on less than $5 a day. I think we are doing OK.

 

[Maltisau]

Before long it will be 99.99999% living on $5 a day. The self serving scum in Canberra don't give a hoot for the common person and the common person is a moron if they think ANY government is looking out for their citizens.

Breaking news. The government is now considering funding the Adani Carmichael coal mine WITH OUR MONEY after the banks decided to back away from a financially AND environmentally disastrous venture.

Now who do you think will be feeling the pain when it all goes belly up and who will be laughing all the way to the bank?

 

[thedigger]

Problem is we never get the truth on what is happening.
The press are pack of Sc--- they form public opinion,for those who run things.
Must watch this

http://www.zerohedge.com/news/2016-...instream-media-completely-fake-we-all-lie-cia

Regards Frank