The East Coast gas cartel is draining Australia's economy. Skyrocketing energy prices have pushed interest rates to unsustainable levels for Aussie mortgage holders.
This foreign-owned, China-aligned, undertaxed, job-sparse parasite is destroying industries and making Australia poorer, not richer—while strengthening China and leaving us vulnerable to its supply chains.
#gasprices #australiaeconomy #eastcoastgas #energycrisis #mortgagestress #economicjustice #industry #australianpolitics #china
https://www.macrobusiness.com.au/2024/11/the-gas-cartel-is-bleeding-australia-out/
MacroBusiness · The gas cartel is bleeding Australia outThe gas cartel is bleeding out the Aussie economy. The price of energy has shifted interest rates to a level that the underlying Australian mortgage structure cannot cope with. As such, since the Ukraine War, the Australian private sector economy has been in a permanent recession. This might be OK if we were substituting unproductive