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Location:
Sydney
Registered:
January 2003
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 The world is changing...
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Thu, 08 September 2005 10:53
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Location:
Bris-vague-us
Registered:
October 2002
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Re: The world is changing...
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Thu, 08 September 2005 11:05
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Eeek, that's why I've got a fuel card -- just close your eyes while filling up, swipe the thing and walk away...
The truth is just too horrible to face  
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Location:
Canberra
Registered:
May 2002
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Re: The world is changing...
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Thu, 08 September 2005 11:29
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I drink pepsi.
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Location:
Perth Western Australia
Registered:
April 2004
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Re: The world is changing...
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Thu, 08 September 2005 11:33
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Thats fuckin classic !
i will print a few of them out and put them up at my local shell 
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Location:
Perth
Registered:
August 2003
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Re: The world is changing...
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Thu, 08 September 2005 17:56
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pffttt i pay $1.99 for 2L of coke 
last i paid for unleaded was $1.16 for 1L 
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Location:
Sydney
Registered:
August 2004
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Re: The world is changing...
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Sat, 10 September 2005 17:09
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hey! Woolworth's got 1.25L Coke for 0.99c most of the time! Same thing doesn't happen with Shell though!
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Location:
NSW Engadine
Registered:
June 2003
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Re: The world is changing...
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Sun, 11 September 2005 01:16
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Meh, regardless of the cost... I NEED to drive... I can justify over $2 a litre for a life...
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Location:
Sydney
Registered:
August 2004
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Re: The world is changing...
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Sun, 11 September 2005 14:12
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haha.. that's why we're being tested by the government of where our limits are, to see how high they can raise the petrol price, and how high they can set the interest rate to, so everyone can work their butts off 5,6,7 days a week to pay their taxes, mortgages and petrol and give them all back to the government!  hmm... reminds me of slavery, except that we're in a free democratic country...
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Location:
Somewhere on a dirt bowl ...
Registered:
August 2004
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Re: The world is changing...
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Sun, 11 September 2005 15:38
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| 86tt wrote on Mon, 12 September 2005 00:12 |
haha.. that's why we're being tested by the government of where our limits are, to see how high they can raise the petrol price, and how high they can set the interest rate to, so everyone can work their butts off 5,6,7 days a week to pay their taxes, mortgages and petrol and give them all back to the government! hmm... reminds me of slavery, except that we're in a free democratic country...
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No, dude, its called payed slavery. We pay the government so we get the privalage of being treated like slaves.
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Location:
Campbelltown
Registered:
November 2003
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Re: The world is changing...
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Sun, 11 September 2005 23:46
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the government gets nothing out of high interest rates infact by setting a higher interest rate they are infact increasing the servicing cost of the loans (bills and bonds) which they issue to change the interest rates.
Second note the government does no control interest rates the RBA does, and there goal is to stop inflation.
Petrol prices is a different story though they could easily cut back some taxes, considering the economy is running continual surplus budgets it wouldn't be a bad idea either.
ROFL at the pic
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Location:
Sydney
Registered:
August 2004
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Re: The world is changing...
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Mon, 12 September 2005 07:49
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| Corona RT142 wrote on Mon, 12 September 2005 09:46 |
the government gets nothing out of high interest rates infact by setting a higher interest rate they are infact increasing the servicing cost of the loans (bills and bonds) which they issue to change the interest rates.
Second note the government does no control interest rates the RBA does, and there goal is to stop inflation.
Petrol prices is a different story though they could easily cut back some taxes, considering the economy is running continual surplus budgets it wouldn't be a bad idea either.
ROFL at the pic
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really? so the reserve bank raises the interest rate, but who gets the money earned from the interest from credit cards and home loans? Where does these money end up?
and they're not going to cut back the tax on the petrol either, why would they want to do that? People are still paying and affording the petrol, there's so much money to be made when the oil price surges up and down, who really cares? the rich or the poor? Does the government care? "Oh sorry, it's not our fault, we're running out of oil, and we have this war against terror going on, and the war in Iraq is causing the oil price surge", but the real fact is, sorry we fked up the economy so we need as much tax as possible from everywhere, oh yeah, speed kills, make sure those infringements get processed as smooth as possible...
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Location:
Campbelltown
Registered:
November 2003
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Re: The world is changing...
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Mon, 12 September 2005 09:55
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| 86tt wrote on Mon, 12 September 2005 17:49 |
really? so the reserve bank raises the interest rate, but who gets the money earned from the interest from credit cards and home loans? Where does these money end up?
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geez the banks how do you think they make their money sure they charge lots of fees but sheesh some ppl.
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Location:
Sydney
Registered:
August 2004
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Re: The world is changing...
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Mon, 12 September 2005 10:00
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| Corona RT142 wrote on Mon, 12 September 2005 19:55 |
| 86tt wrote on Mon, 12 September 2005 17:49 |
really? so the reserve bank raises the interest rate, but who gets the money earned from the interest from credit cards and home loans? Where does these money end up?
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geez the banks how do you think they make their money sure they charge lots of fees but sheesh some ppl.
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of coz I know, but someone was suggesting the government doesn't gain anything from an interest rate raise when the national debt is at its highest, that the government doesn't gain anything by squeezing every little drop out of every citizen...
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Location:
Campbelltown
Registered:
November 2003
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Re: The world is changing...
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Mon, 12 September 2005 10:14
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The government does not gain anything by interest rates being higher in fact it'll cost them money as they use the money that they raise from bills and bonds to fund projects etc. IE government bonds can be issued to finance a budget deficit (very rare these days but 20 years ago it was common practice) the higher the interest rates the more the government has to pay back to the banks/ppl who purchased the bonds/government securities.
Another fact the federal government debt is actually very small and once the sale of telstra goes thru they will have fuck all debt which poses another problem. The foreign debt you talk about is actually caused by the private sector ie business/us importing far more than we export overseas the government once again tries to reduce this with tariffs etc but as the world moves closer and closer to globalisation of markets they are reduced meaning we need to compete with world's best practice or get the fuck out of the industry.
See once the federal government debt is paid off they're will be no more need to issue government bonds to cover it which poses a problem for the RBA. How can they curb inflation by issuing bonds when they can't issue bonds for government borrowing. They still issue bonds but then invest in something that creates a greater return than the interest on the loan.
This would be blue chip stocks (Telstra, Qantas, CBA etc) government buys back the businesses it just privatised bwahhahahahaha classic.
I may have totally lost most ppl here but anyone with an understanding of economics may get this theory many still don't, i am yet to find a high school teacher that believes it but it has been raised by economists on talk back and i had a good debate with a n eco's teacher at uni who was impressed. My brother raised it too me last year when i was at school as his teacher could never answer it at school either.
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Registered:
August 2002
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Re: The world is changing...
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Mon, 12 September 2005 12:09
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haha, that pic made the rounds of the coke internal mail today.
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