From Wikipedia, the free encyclopedia


In economics, austerity is when a government reduces its spending and/or increases user fees and taxes to pay back creditors. Austerity is usually required when a government's fiscal deficit spending is felt to be unsustainable.


if the government were to increase dramatically the taxes on the people,to also reduce the pensions and simultaneously to this happening the world stock markets were to crash, what would be the result.

according to Glen Beck this morning on Fox News [foxy news] these 3 things are about to happen.

these austerity measures coupled with a massive stock market crash according to Beck will lead to rioting in the streets,followed by and get this, Global Governance.[as if that is any different to Global Government]

i just hope Glen Beck is not right. it could not possibly be predictive programming by Foxy News could it.

While I'm well versed on the current Geopolitical scene, when I rationalize my risks, driving, riding, paragliding and other humans pose the highest.

Here enjoy some uplifting slide show about our economy

www.scribd.com/document/29520921/How-to-Profit-From-the-Coming-Aussie-Property-Crash-and-Banking-Crisis

maxm: No you still have to choose between KRudd and Budgie... except your voting for who you have to listen to most on TV... think of it like a reality TV show you get to vote on who says or goes... not whether the damn show should be on in the 1st place ;)