Sorry folks, I seem to
have run out of steam. Mornings I concoct what I will write then type it into
the computer. The last three mornings the beginnings of a letter on the depths
of the culpability of China in our present predicament wouldn’t gel when it came
to keying it in.
I simply could not
make my view that China released the virus deliberately to decimate the rest of
the world credible. How successful has the strategy worked? Australia will lose
something like half of what is left of our industry and a large slice of our commercial
enterprise.
Paying off the debt that is looming
will take many generations - that is if that action is ever completed as the
interest on billions of dollars continues to stack up. Obviously unemployment
will be higher resulting in two parallel impacts on the Budget. Firstly, the
income tax paid by workers will shrink because there are fewer of them.
Therefore the cash flow of retail businesses will also shrink further lowering
tax revenues. Secondly the welfare budget will be higher due to the higher
level of unemployment where a few hundred thousand will morph from taxpayers to
welfare dependents.
Communists are a wily lot who do not
believe in absolute truth. Their view is that whatever advances the Communist
Party is the truth. No credence should ever have been placed on anything they
said.
It has taken me three days to put
these few words together. As the late Kenny Rogers sang in his popular song The
Gambler “You gotta know when to hold ’em, know when to fold ’em ---” The realisation
has dawned that it’s time to fold ’em – the keyboard that is and my knitting
needles – and ride off into the sunset.
It is my earnest hope that at least
one of you will take up the issues I have been pounding for more than seventy
years. I will continue monitoring this medium to see if there are any
rumblings.
Fare thee well
Ron
