We might not have the so called sub prime loan infestation that is creating havoc in the USA, but we have the opposite. It is called super-primed loans, these loans are made in the time of booms when asset values are being pumped up by the greedy opportunists wanting to make a short term gains at the expense of others and the economy. It is the survival of the fittest mentality, our politicians then step in with stimulus packages that cushion the super primed crash. So when the pissed up funds run dry they turn to the “working family” and ask to be re-elected because they have borrowed on the bar tap. The Aussie mateship angle is sickening and reveals a society that has severe mental issues.  Borrowed money has to be paid back one day, even China is now shitting their pants with the USA financial situation.

The great recession is going to drive the Australian unemployment figures sky high, people holding onto super prime loans will be no longer to meet their financial commitments. To make things worse we have an L plater leading us, Comrade Kevin Rudd.

Kevin Rudd is the “Bernard Madoff ” of  Australian politics.  He might win the next election but  he will confess he is one big fraud to the ” working families” by the end of his government’s second term. On a personal note,  I made a the biggest mistake in supporting this fraud, I should not feel to bad because I am not the only one.