Adventure Ausrama Blog

The United States debt has reached massive proportion. Something has to be done soon. ◘1 united up states we massive at am paid it aged massive it united news massive an nursing ◘1 How much longer can the U.S. keep accumulating debt? There has to be a day of reckoning.  What happened to Greece surely is a warning. When it does eventually take place there will be a world recession, even a depression.         ◙2 massive ok united in states to Using or paid massive ◙2 Two-third of the debt of $20 trillion is held by foreign governments, companies and the American public. They hold bonds, notes and bills. A third is owed to government departments and trust fund such as Social Security. Unfortunately,  this "surplus" is payable to baby boomers in just a few years.   ⦿3 paid up states united debt ⦿3 The US owes more than the EU. Indeed, it is the highest in the world. Moreover, it equates to a year's GDP. This has doubled since 1988 when it was only half of what w

The invention of the polymer banknote was a disaster for Australia. Costs involved in continually replacing them are enormous. Let's face it paper and cloth are quite substantial materials. They can stand up to a lot of wear and tear. The main problem with polymer is that once folded it cannot be straightened out - a permanent crease prevents stacking of notes by banks and neat storage in consumers' wallets. All ATMs give brand new notes. It is impossible to do otherwise because they need to be tightly stacked. You would be wasting your time just trying to put used fifty dollar bills into an ATM.  Replenishing ATMs is a major cost in the modern age.  Government should be looking to save costs here. Considering the saving from fewer forgeries is a pitiful A$50 million, the extra cost is not worth it. Anyway, if people get a forgery they always pass it on, as giving it to a bank results in nothing in return.  Government should take the loss for forgeries.  Then