I assume know what a Ponzi scheme is but if not, its a financial scheme where you take money from someone and promise them a high return, then you take money from the next guy making the same promise but using the second guys money to pay the first, then the third guys and so on. Taking money from one to pay the other without actually building capital. Its fraud and what sent Bernie Madoff to gaol for life.
Immigration is a ponzi scheme in which both side of parliament have relied on ever increasing number of new immigrants to boost population numbers and artificially stimulate population and economic growth. The fact that the rate of population growth outstrips GDP growth means that without this artificial stimuli,
we would be perpetually in a state of decline and a constant recession. The governments policies on their own are not enough to sustain the economy and promote growth. The biggest growing sector of industry in Australia is Construction which benefits directly from this.
Ultimately it will end in tears because the artificial stimulus (artifical population growth) will outstrip production and capital and ultimately our way of life. It has already started.
Amid warnings that global policies are risking the economy, minutes of the RBA’s most recent meeting show home buyers narrowly avoided another rate rise this month.
www.smh.com.au
Students make up almost half the intake now border controls have been removed, leading to a one-off net migration surge that will fall to 315,000 next year.
www.smh.com.au