DON'T LET THE SOFT ECONOMY RHETORIC GET TO YOU

I have a favour to ask.
Enjoy life a bit, go out and spend some money on something created in Australia.
For example, walk to a local restaurant and enjoy the fruits of some Chef’s labours swished down by a local red whilst chatting to your partner, the waiter and indeed other people enjoying life. How hard can it be?
I am told by the media who feed on malcontent that the USA is currently and technically bankrupt, chunks of Europe are in similar doo doo and the world will end next year on the 21st of December. Even if Mr and Mrs Mayan are wrong about the world ending, the pundits tell us we are destroying it at an ever increasing rate and we will all be under water when the polar caps melt trying to get away from ozone depleted atmospheres which singe our diseased and pot-marked noses. One so called economist even said the other night on radio that it is a good thing that we are not spending any money but saving instead because we will need it when everything goes belly up. Probably the same bloke who said Australia was going to sink with the GFC. [Pun intended!]
Platitudes like ‘soft economy’ and ‘we need to ...’ and ‘it’s time’ and ‘we will need it’ are all designed to convince us that the writer/speaker is in control and dynamic and understanding but actually unable to achieve anything themselves because of those evil ‘others’ holding them down.
I am an economic idiot but even given my challenged understanding I am aware that an economy is based on money being circulated through trade. If for some reason the money stops going around then the repercussions are immediate; just like the falling dominos. Using the restaurant analogy, if not enough people go out to eat then the restaurant closes down which means a bunch of people lose their jobs and possibly a gaggle of suppliers lose the money owing to them and the landlord loses the value of his/her investment. The ex-employees don’t spend any discretionary money and worse, because those suppliers have sustained bad debts through no fault of their own they also delay paying their bills to their primary producers who in turn run out of money to be able to go to one of the few restaurants left. Then the utility companies suffer bad debts through people being unable to pay for their electricity and jack the prices to the remaining few so they can survive. Those remaining few now come under increased pressure and also stop spending which means all the clothing shops fall over as do all the luggage shops, airlines and all discretionary spending type shops.
Now, because everyone has run out of money there is no tax income for the government to run our country and we can’t pay social welfare to the ex restaurateurs, suppliers, primary producers and ex luggage shop owners and we as a country start to default on loans, lose our credit rating and suffer ever increasing interest on those loans because of the drop in credit rating with associated risks for the lenders. Anarchy develops, the streets turn to battlefields and fresh water is sold on the black market to people reduced to peering through dirty and diseased dreadlocks using monosyllable utterances like ‘me’ and ‘food’ and ‘want’.
And to think, all this could have been avoided by going out to dinner, enjoying life and feeling good about paying taxes. How hard can it be?
Australia is in great shape and leading the world in many aspects yet the doom and gloom merchants [everyone with a mouth and a microphone] continue to create fear. Why? Because it’s easier to be gloomy rather than positive and you can blame others for doom but must take responsibility for being upbeat. With apologies to Shakespeare’s Hamlet, ignore the ‘O, woe is me’ and the ‘it’s time’ people and go out to dinner.
Spend a bit of money and watch the smiles develop.