In Part 1, we covered the Double Standard Fuel Excise Scandal, where resource-based multinational corporations receive tax-free fuel.
Today we examine the links between;
Rising inflation —> RBA raises interest rates = Goods & Service price rises.
Increases to the Public Service —> drains NDIS & vital Infrastructure funding.
No resolution to Strait of Hormuz —> imminent Fuel price increases.
Scott Kuru explains how Canberra has increased the Public Service, rather than mitigate the financial burden upon taxpayers.
Video transcript - starts at 00:00 minutes;
Scott Kuru:
« Right now, you’re staring at your grocery receipt, wondering when everything got so expensive. You’re checking your mortgage repayment, praying the RBA finally cuts, and every single time you ask why the government can’t just give you a [music] break, you get the same answer.
There’s no money.
I just found something that completely destroys that lie.
In the middle of a cost of living crisis, while you were being told to tighten your belt, the federal government’s own internal running costs blew out by $19.6 billion.Not spent on hospitals, not spent on schools, just the cost of running itself.
And here’s the part that should really make your blood boil.
That blowout happened in the exact same year they were standing up at press conferences announcing redundancies to [music] prove how responsible they are.The entire 11+ minute video is an eye-opener!
Notice the effect that Diesel pricing has on the Australian CPI?
This RBA data reports from 2023-24 Finnacial year.
Diesel crack spreads just hit a record $102 per barrel.
That isn’t the price of diesel—it’s the difference between the cost of crude oil and the wholesale value of the diesel refined from it.
In plain English: diesel is becoming extremely scarce and expensive relative to oil.
That matters because diesel moves almost everything: food, building materials, farm equipment and freight.
Driving a Hybrid or Electric Vehicle will NOT protect you from freight price hikes!
The US is in Deep Trouble
If the US Administration conducted their Venezuelan Operation — kidnapping President Maduro & family earlier. Perhaps they used this template for «decapitation strikes against Iran.»
This «strategy» clearly did nothing but enrage the Iranian Society — resulting in extreme damage to both the US economy, military prowess, global trust & diplomatic standings.
The US military operations in the Middle East conflict do not simply affect the US, it also has a detrimental boomerang effect upon every ally, including Australia.
Here is veteran US Colonel Douglas Macgregor’s analysis about the Middle East War.
COL Macgregor sees the United States facing pressure on two fronts.
First, he argues that rising debt, higher bond yields, and financial intervention are weakening America’s economic base.
Second, he believes U.S. military power is tied down in a regional conflict it cannot decisively resolve.
His question is straightforward: which problem causes the greater damage first?
In his view, the answer may be both.
The bond market may seem distant from foreign policy, yet it sits near the center of Macgregor’s warning.
The U.S. government borrows by issuing Treasury securities. Investors who buy them receive interest, and the yield is the return investors demand.
The Treasury’s overview of Treasury bonds explains the basic structure of these government securities. When investors sell bonds, prices tend to fall and yields rise. Higher yields can make new government borrowing more expensive.
Macgregor says Washington should put domestic economic and social fragility ahead of continued military commitments in the Middle East. He proposed disengaging U.S. forces and returning to talks with Iran after that withdrawal.
This is a policy position, not a forecast. His argument rests on the belief that the United States has spent beyond its strategic means and should avoid expanding a conflict that could increase both military and financial pressure.
Hormuz Chokepoint ~ Devastating Global Economies
In an earlier report, the late Singaporean Prime Minister made a fateful prediction about the potential devastating outcome if the Iranian Nuclear Program was mishandled.
Look at those Southeast Asian Nations where serious economic effects to GDP levels are directly linked to their national Hydrocarbon reliance.
In this radio 4BC Brisbane broadcast on 21 August 2026, Gary Hardgrave examines an alarming observation raised by former Prime Minister Paul Keating;
Could the government look toward Australia's $4.4 trillion private superannuation pool to bail out public spending deficits?
Video Transcript - starts at 03:40 minutes;
Gary Hardgrave;
«…Former Prime Minister Paul Keating, he recently suggested the Australian government could in fact take private superannuation and merge it with Centrelink - with public social security.
You know, our superannuation is a national asset, but it’s held in private hands, all of our hands. I think we should be worried about this observation by Paul Keating.Taking our money to fix government problems. It’s not the answer.
Governments need to cut expenditure just like we are. And of course, Paul Keating famously, it’s over 40 years ago, he once talked about Australia heading towards being a banana republic.
Seizing super. It is the stuff of banana republic.
Look at Argentina.
Argentina’s government nationalized private superannuation back in 2008.»
Press conference — 70 leading Australian scientists call for a 25% Tax on Gas exports.
Synopsis: At the press conference, The Australia Institute principal adviser Mark Ogge said Australia once “punched above its weight” in science. The country built a strong record by supporting researchers whose work reached far beyond its borders.
Australian science has contributed to:
Wi-Fi technology
The cochlear implant
Cervical cancer vaccines
Solar energy research that helped change global energy systems
That gap matters because science supports productivity, public health, industry, and long-term economic growth. When a country loses research capacity, it can lose skilled workers, future discoveries, and the ability to solve its own problems.
Below is what the Scientists Know ~ but our government is owned by Big Oil & Gas.
Australia followed in the footsteps of the UK Thatcher government ~ giving Aussie Resources away with Both Hands ~ instead of following the Viking Path to Riches!
Australians ~ recall the famous quote by Field Marshal Ludendorff during World War I, about the poor leadership of the British soldiers!
Today ~ the donkeys are still in charge!
Take Home Messages
Economic hardships are guaranteed ~ without Hormuz resolution.
Our government clearly chooses not to charge Royalties for our Resources.
Global unrest will only grow and poorer economies my massively suffer.
Support the calls for Resource Royalties by petitioning your MPs.
If nothing changes, we will all end up….. suffering in our jocks!