AUSTRALIA’S ECONOMIC HORROR SHOW IS JUST GETTING STARTED …
The new inflation numbers came out yesterday and they are the worst this country has seen in 20 years.
CPI annual inflation is up an unprecedented 5.7 percent.
Even worse, inflation for non-discretionary goods and services – the stuff you HAVE to buy – jumped 6.6 percent.
That’s higher than the CPI and twice the rate of discretionary inflation.
The new figures show big rises across all the food groups reflecting high transport, fertilisers, packaging and ingredient costs, as well as lockdowns and mandates.
The cost of vegetables up 6.6 percent, water, juices and soft drinks up 5.6 percent and beef, 7.6 percent.
And it’s not just food.
The cost of electricity is rising, education fees are increasing and building costs are through the roof.
The cost of new dwellings for the year rose 13.7 percent, while automotive fuel skyrocketed 35.1 percent.
Of course, the REAL numbers are much, much higher.
True inflation rates have been cleverly hidden using a complex set of formulas, all formulated to deceive you.
But people are now waking up to exactly what’s going on here.
For most of us, the truth has become impossible to ignore.
If there is one core economic fact that everybody in the country understands, no matter how poor their maths skills are, it’s that we are all getting poorer – much poorer.
And it’s not just the people who buy things – consumers – but also the people who sell them.
The soaring inflation rate will be an absolute disaster for small business.
Soaring inflation stops spending in its tracks and small business is going to be at the frontlines of all that.
All these price hike may be bearable if you earn $250,000 a year, but if you make $50,000 a year, they are a catastrophe.
This will radically change the way you live.
Your standard of living will plummet.
This is what millions of Australians are facing right now.
It’s not a talking point, it’s real.
By every statistical measure available, this country has been in decline for more than forty years, although it was hard to see with all the gaslighting and propaganda smearing anyone who tried to point it out – like One Nation!
Who’s going to pay for all this. You are.
It will be the biggest tax increase of your life.
All brought to you courtesy of decades of mismanagement and reckless fiscal policies by our two major parties and their globalist mates.
Don’t forget to thank them for it come election day!