Labor is running a Ponzi scheme covering up a per capita recession. It’s bringing in huge numbers of new arrivals to increase spending to hide the per capita recession. They are running Australia’s economy like a Ponzi scheme, relying on a flood of overseas arrivals to prop up GDP numbers with their spending. That increased spending adds to inflation and that contradicts the Reserve Bank’s (RBA) strategy of raising interest rates to cut spending in an attempt to stop inflation.
The government’s high level of new arrivals into Australia goes against the RBA strategy and forces the RBA to further increase interest rates. Albanese’s government is letting Australians suffer in a per capita recession and worst decline in per capita income of all the developed nations.
This is why life for everyday Australians is continuing to get worse. Excluding tourists and short stay visas, there are 2.3 million visa holders in the country competing with Australians for a roof over their head.
One Nation proposes net zero immigration where Australia only replaces the numbers who leave the country until the housing supply, essential services and infrastructure can catch up with the demand.
Transcript
I move:
That the Senate take note of the answers given by the Minister representing the Minister for Immigration, Citizenship and Multicultural Affairs (Senator Gallagher) to a question without notice I asked today relating to immigration and the economy.
Instead of cutting the record flood of overseas arrivals, the Albanese government is letting Australians suffer in a per capita recession and the worst decline in per capita income in all developed nations. According to Reserve Bank and Bureau of Statistics June quarter data, Australian residents’ spending fell, with the overall total spending driven positive due only to increased demand from tourists and international students. The government is running Australia’s economy like a ponzi scheme, relying on a flood of overseas arrivals to prop up GDP numbers. Meanwhile, for the typical Australian, life continues to get worse.
Excluding tourists and short-stay visas, there are 2.3 million visa holders in the country likely to need a home right now. In one year, the Albanese Labor government issued a record 687,000 student visas—687,000! We only have 100,000 dedicated student accommodation beds. Yet Treasurer Jim Chalmers went on national TV and deceitfully told the Australian people the level of net overseas migration is ‘not something the government determines’—blatant misinformation. It’s no wonder the government have exempted themselves from their proposed misinformation and disinformation bill.
The government claim their housing bill will fix everything. What they don’t tell Australia is that we are short hundreds of thousands of homes yet their bill will only build a maximum of 6,000 homes a year. Any Australian who can’t afford a house or who can’t afford rent—if they can find a rental—knows Treasurer Chalmers lied when he said the government doesn’t control how many people come into Australia. The Labor government is letting overseas arrivals—
The DEPUTY PRESIDENT: Senator Urquhart had a point of order. I think it was around the use of the word ‘lie’. Can we just—
Senator ROBERTS: I withdraw that word and substitute ‘misinformation’. The Labor government are letting overseas arrivals run out of control and don’t even know how many will arrive this year. The government are making a deliberate choice to let Australians suffer so that their big business mates and the banks can profit from a cheap workforce and high property prices. We need to stop this crushing flood of overseas arrivals that are here purely to hide a per capita recession. Our first duty is to take care of people who are here already.
Question agreed to.
Agreed! Common sense always so refreshing
We have Albo. govt bogged down in Virtue Seeking Ideology:
1. Any ability Oz had to manufacture and keep lights on- erased by limited emissions and part replacing reliable electricity gen by limited life, weather reliant, polluting (no recycle) and massive vegetation removal/ degredation Chinese (where are the Oz ones?) panels and turbines. and then there are unaffordable, range limiited electric cars!
2. Massive money printing- creating unpayable debt- that will soon collapse around us- just like other western countries- disaster waiting to happen!
3. Denial of reality – distractions relative to Covid: Creation/ Prevention/ All Cause Death Rates. Where is a proper Covid Royal Comm? we had one for Robodebt- No Deaths! How is that consistency?
4. Pending Freedom of Speech removal – Dis/ Mis Info Laws- MUST be scrapped!
5. Remove ALL Political Party Funding by lobbyists etc.
6. Costs blowout everywhere in our economy!- rampant inflation and interest rates (hallmark of all Labour Govts) after promises of lower cost of living under labour- obvious they cant understand numbers! and + or – signs!
Unaffordable homes- (buy or rent), fuel, groceries, services, etc etc…..
7. Failed divisive Voice etc. demonstrates how far out of touch with hard working tax payers!
Correct. A Ponzi scheme, where tax-payer’s money is squandered in the billions, while things fall down around us. Because, it projects are touted in the multi-billions, it becomes easier to steal tens, or hundreds of millions, each time
How much of our taxes go to the Rothschilds and we are left with the rest. Every country in the world is bankrupt.
The Sustainable Australia party has a similar position on this and a fair number of other issues as One Nation. Perhaps the two parties should discuss possibly merging.
The large increase in immigration that has created the housing crisis is by design.
1. It is an attempt to mitigate the disaster that is inflation. The reserve banks unprecedented, unconventional printing of money ,QE, and ‘forward guidence’ and lowering of interest rates to 01% during “Covid” created the inflation we see today. The reduced labour market coupled with the increased money supply saw (after lockdowns ended) a disconnect between money supply and available good. ie to much money chasing fewer goods. The increase in imigration is the “solution” to the manufactured crisis. Increasing Population (imigration) Participation (fiscal stimulation in roadworks etc) and Productivity (lower input costs from immigrants) has, as stated by Malcolm, is a Ponzy Scheme aimed in augmenting the globalist agenda of white-anting the nation states around the world. It, along with agenda 21 chapter 26’s failed VTP should be sufficient for all Australians to know that their government does not serve them. Thank god for ONE Nation for shining a light on these issues.