Frolicking Mole: Mole’s modest proposal

Everyone is aware we have entered uncharted waters as far as government debt is concerned.

The missing piece is the incredible wave which is about to hit once companies are no longer allowed to trade insolvent, rents become due and full impacts of a cascade of debtors not paying moves its way along the food chain.

Unquantifiable will the be wreckage left of peoples businesses and personal finances as Australia’s insolvency laws grind away at possibly hundreds of thousands of people for 3 years and a day.

Also unknown is how many families will be wrecked, kids’ lives and futures deformed and the swamping of organisations which would normally assist.

How many blokes (because this is generally a bloke thing) will kill themselves because they see themselves as worthless and the insurance payout as a better provider for their kids than their continuing to live would be?

Super funds won’t have to be nationalised, the insolvency laws will see hundreds of thousands dependent on the government for pensions in their old age.

The government and usual Ponzi promoters are already signalling they will inflate the population with as many new “consumption units” as they can to obtain a skerrick of “growth”, bugger those already living here now condemned to at least 3 years of poverty by government caused bankruptcy.

 

So having set the stage whats the proposal?

It’s radical.

It’s simple.

It will be rorted, it will be abused, but I think the damage will be less than what I’ve laid out above.

The government caused the bankruptcies.

The government owns the bankruptcies.

The government therefore pays for the bankruptcies.

Every small business owner or person sent to the wall is offered the ability to walk away from all their government inflicted debt immediately. Their ordinary assets (including houses) remain their own.

The government then commits to paying every creditor owed money, in full, immediately.

It’s still awful for those who lose everything, but the difference between losing the lot (often years of building up) and still being in a huge financial hole, and at least retaining the ability to start again on an even playing field with others at least gives them a chance.

This must also be paid for by finally lancing a number of boils on the ass of Australia.

No more ABC.

No more “arts” funding

No more government funded “charities” which exist only to push government policies in a desired direction.

No more “charities” whose objectives are anything other than people.

No more sports funding.

And lastly, and the single biggest inflation retarding mechanism of them all, a 10 year freeze on all public serpent wages.

Because nothing will focus their minds on inflation busting more than seeing it eat their own pay.

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56 Responses to Frolicking Mole: Mole’s modest proposal

  1. H B Bear

    Interesting. $1,000 cap on public servant pay has already got them grumbling in W.A.

  2. Squirrel

    “And lastly, and the single biggest inflation retarding mechanism of them all, a 10 year freeze on all public serpent wages.”

    Even without radical options for dealing with bankruptcy, there will eventually need to be radical changes to the size and cost of public sector employment across the country.

    There’ll be years of denial and pretense that “now is not the time to cut” – and all the pollies will be on board with that because how can you slash bureaucrat numbers and squeeze their salaries without doing the same to pollies – but the time will come when there will be no choice.

    Interesting comment from H B Bear about WA – a flat dollar limit on pay rises is reviving one of the tactics of the 80s/90s Accord – let’s see if any other states or the feds follow suit.

  3. Rafe Champion

    Terminate as quickly as possible all spending on climate change mitigation and support for unreliable energy.

    Critically review all the research proposed on the technological highway, green hydrogen and steel etc.

    Abandon all attempts at industry planning.

    Cancel submarine contract. Stop work on the new Sydney airport and make full use of the existing facilities at Kingsford Smith.

    Disband all the agencies of the Grievance Industry – Human Rights, Anti-Discrim etc.

    Eliminate all penalty rates.

  4. Rafe Champion

    Stop employing consultants to do the work that public servants should be doing, nice rort, go as a consultant and earn more than you got for doing the job as an employee.

  5. Rex Anger

    Interesting. $1,000 cap on public servant pay has already got them grumbling in W.A.

    Yep. I remember my last pay rise under WA Health was about 2013-14. Or 14-15, outside of the usl increment increase under my Award.

    It wasn’t too bad, but I remember the HSUWA’s big push quickly shifted from pay rises (neither Barnett nor Sneakers was in a mood to suffer their bullshit, and let them know it), to pushing for permanency to as many contact employees as possible.

    WA Health Permanency is pretty good. And I would even go so far as to say itnwould havemade the overall budget figures for the Department more accurate, relative to the usual shell games played with the public purse though contract employment.

    The place could have done without half (as a barest minimum) the ‘administrators’ and bureaucratic bugmen sitting in Perth and drawing $120k + salaries for doing zog-all. But that almost goes without saying…

  6. Rafe Champion

    Decimate the public service using the method employed in the Roman army. Line them up, hand out clubs, group them in tens and they draw straws to decide which one gets beaten to death by the other nine.

  7. Vagabond

    How many blokes (because this is generally a bloke thing) will kill themselves because they see themselves as worthless and the insurance payout as a better provider for their kids than their continuing to live would be?

    Insurance companies don’t pay out on suicides.

    Otherwise your proposal makes good sense. Along with the ABC, arts and sport etc I would add a great number of regulatory bodies starting with Human Rights and anti-discrimination commissions, most foreign aid, anything to do with anti-racism, diversity & multiculturalism and proceeding through indigenous affairs and many many more.
    It’s a perfect justification for a thorough cleanout.

    Good sense, which is certainly why it will never see the light of day.

  8. Pickles

    The is one fatal flaw in your plan Mole. You spelt arse wrong.

  9. thefrollickingmole

    Vagabond

    They do, my brothers paid out, my understanding is most have a disqualifying period.
    I thought the same as you up till then.

  10. thefrollickingmole

    Pickles
    Would you believe I meant a small donkey?

  11. hzhousewife

    I’d like to see a simple rule that no citizen can spend more than 20 years as a public servant. And all public servants must be aged 30 years plus. Let real life intervene before the trough presents itself.

  12. win

    Take a look at the NDIS and reduce the pyramid of paper shufflers and concentrate on the hands of workers who interact with the disabled . i myself have cause to be grateful to my NDIS planners but there is the suspicion that Julia Gillards NDIS is that the disabled are just a peg to provide employment for public servants in a destroyed global economy.

  13. feelthebern

    Dear lord I could the hell out of this proposal.
    Bring it in by Dan Andrews Decree.
    All hail the Mole !

  14. Boxcar

    So the government prints lots more money, and makes many more socialists.
    And then print more for the construction led recovery, to build ghost cities, just like China.
    Instead of soul destroying handouts, maybe Canberra to could run some Zoom classes in entrepreneurship, and lend money to develop import replacement manufacturing..

  15. Vagabond

    Thanks Mole,

    I stand corrected and I’m pleased to know those tragic suicides might not be in vain. It’s a terrible and unimaginable situation to be in..

  16. mundi

    Instead of living in a fantasy world, hoping for actual conservative policies, wake up and realise that things are going the other way, and we are way beyond the tipping point.

    What the cat needs is more actual financial advice on how to approach what is coming and even… profit from it.

  17. H B Bear

    Public service pay and numbers are one of the main sources of ballooning public spending. The unions weren’t turning ambulances into Liar billboards in Victoriastan and manning the phones for the Pony Club for no reason.

  18. Rob MW

    Not that radical at all. it’s been done before:

    How Europe cancelled Germany’s debt in 1953

    The 1953 London Debt Accords show that European leaders know how to resolve a debt crisis in the interests of justice and recovery. Here are four key lessons for Greece’s debt crisis today.

    On 27 February 1953, an agreement was signed in London which resulted in the cancellation of half of Germany’s (then West Germany’s) debt: 15 billion out of a total of 30 billion Deutschmarks.*

    Those cancelling the debt included the United States, the UK and France, along with Greece, Spain and Pakistan – countries which are major debtors today. The agreement also included private individuals and companies. In the years following 1953 other countries signed up to cancel German debts, including Egypt, Argentina, Belgian Congo (today the Democratic Republic of Congo), Cambodia, Cameroon, New Guinea, and the Federation of Rhodesia and Nyasaland (today Malawi, Zambia and Zimbabwe).

  19. egg_

    Tim Wilson recently confirmed that current Govt monetary policy is about bailing out the Banks – whose investments are 65% residential – 75% including construction – a p1ssant Economy.

  20. MarcH

    Get everyone who was “saved” by the governments measures to foot the bill.

  21. H B Bear

    win – I too have benefited from the NDIS after my stroke (and 30 years of taxes with no more than a couple of Medicare claims a year). You hear some horror stories from the therapists who deal with them on a day to day basis.

  22. Maman

    Ah, Frolicking Mole, 🙂 Gosh!

    Is this “The Great Australian Economic Reset”? Our very own Challenge to the World Economic Forum’s “Economic Reset” – as laid out for all to see by Rowan Dean on Skynews?
    Frolicking Mole, this is brilliant! Love it!

  23. Slim Cognito

    You had me at “No more ABC”.

  24. Rabbi Putin

    I also like the idea of confiscation of wealth and assets of overpaid treacherous public servants and politicians to ensure they never abuse their privileges again and remind them of who they serve. How much of the debt do we pay back by seizing the Rudd estate?

  25. Dave of Reedy Creek, Qld

    The latter part of the article sounds like a plan. Plus we need to stop handouts to the ungrateful countries and Pacific Island States for a start. Cut the bureaucracy immediately in both Federal and State arenas they seem to be increasing faster than rabbits.

  26. Mullumhillbilly

    I’ll go with second half. Cancelling debts, even if debt to government, creates moral hazard. It also unfairly penalizes those who were savers before the Covid collapse, and have been riding it out without government support.

  27. Howard Hill

    Fuck that.
    Sack them all.
    Mound of skulls.
    Salt the earth.
    Nuke from orbit.
    Destroy/burn all the rule books and start again.
    We’ll take care of the rest on our own like it should’ve been all along!

    But it will never happen while every cuckservative in Australia has an excuse why it shouldn’t be HOP time!

  28. flyingduk

    The government caused the bankruptcies.

    The government owns the bankruptcies.

    The government therefore pays for the bankruptcies.

    Thats going to happen anyway, as it always does, and as usual the people will be left on the hook, they will pay via taxes and inflation. I like the bit about defunding the ABC tho

  29. Craig

    Fuck me Rafe, I laughed my ass off with the roman draw lot thing. You weren’t watching Spartacus in Netflix recently by any chance?

  30. Craig

    Mullumhillbilly, would that include cancelling the debt of those living in Mullumbimby with an unemployment rate of 7.2%?

    You hippies!

  31. Seza

    Love the first two of Rafe’s posts, but the third may be problematic. It would tend to leave the bigger and thicker still in the service. An independent review of their job’s usefulness may be better and result in a more than 10% cut.

  32. Mak Siccar

    The government therefore pays for the bankruptcies.

    That must include the state and territory governments, along with the federal government, because they are equally culpable. It is, of course, the taxpayers who are really footing the Bill.

  33. Bad Samaritan

    mundi (10.25pm). Let me know you read this.. Then the details will follow.

    Nothing irks me more than giving the solution to problems…for free….but getting no feedback. Just write ‘i saw you Sammy” and all will be revealed.

    BTW; My financial / economic maxim: “better to be prepared a year too early than a minute too late”

  34. Shy Ted

    Little reminder, ScoMo still PM. He’ll pick the worst option so people don’t dislike him.

  35. Gerry

    We are seeing the OUTPUT of Victoria’s ‘Inclusion and Diversity’ policies over the last 20 odd years. That’s been long enough for Dan to implement a father/son rule as a nod to his greatest socialist fan, AFL boss Lachlan McLachlan.
    All great ‘Inclusion and Diversity’ plans are based on physical attributes or ideological homogeneity. That is you must not be a white man (except when cross dressing) and you must agree with the ideology of Dear Leader.
    Thus our current position, Dull Dan, in surpassing Martin Bryant as Australia’s best, was an OUTCOME of someone being asked ‘What about hiring night club bouncers?’. The answer is ‘What does Dear Leader say?’ No one is capable of offering an alternative.
    Failing the removal of all ‘Inclusion and Diversity’ programs, they must pursue a diversity of thinking.
    All Dan’s fellow parliamentarian’s abrogated their responsibilities to their electorates by voting themselves out of the decision making process. They must be required to answer for their dereliction of their duties to their electorates. As it stands most Labor members have been branch stacked into safe seats.
    Our words and actions need to focus on the OUTCOMES of the lockup right up to election day 2022

  36. Spurgeon Monkfish III

    The perpetrators of this entirely avoidable economic and social disaster get to spend the rest of their pointless existences breaking rocks in the hot sun (at the very least – although I’d prefer more suitable and proportionate “measures” such as the long overdue implementation of HOP Time).

    And no more frigging schlockdowns or inexcusable fascist idiocy such as curfews and face nappie mandates. Ever.

    Immediate irreversible withdrawal from UN membership and immediate irreversible revocation of all UN multilateral agreements we’ve been chained to by our Quisling politicians.

    Immediate commencement of the construction of at least eight new HELE coal fired power stations and immediate disconnection of all ruinables from the grid, as well as wholesale removal of any subsidies for construction or operation of ruinables.

    Cancel Waffles Turnbuckle’s water flowing up a hill project and immediate cancellation of the Poodle Pyne Class Frog Undersea Coffins (with zero compensation paid to those vile imbeciles).

    That’s just for starters.

    P.S. Sound stuff, mole, but I have a feeling that life insurance policies will quickly and quietly have payouts for suicides abolished, given the epidemic of them we’re going to see shortly.

  37. Eyrie

    Decimate the public service using the method employed in the Roman army. Line them up, hand out clubs, group them in tens and they draw straws to decide which one gets beaten to death by the other nine.

    Nice except the numbers are wrong. Fortnight. Only one remains standing out of the ten.

  38. DogsBoEllix

    The idea in this post might have some legs.

    – Treat the situation like a consumer bankruptcy but even more leniently with accelerated discharge from bankruptcy

    – have a longer list of assets that the bankrupt can retain, including the family home.

    – Have the Commonwealth pay secured and unsecured creditors the full amount of the provable debt, or say what the creditors would have got in a normal insolvency given the assets available plus a significant premium. (You’d have to be careful in the way this handled secured creditors or else they might hit the Commonwealth with an acquisition of property claim under the constitution, but I am sure that could be got around.)

    – Commonwealth gets ownership of the assets that are not in the list of assets that the bankrupt can retain.

    – If they exceed the value of the amount paid by the Commonwealth to creditors then the surplus goes to the bankrupt (who will hopefull be discharged from bankruptcy by now).

    OR, try to achieve something like the above under the voluntary administration provisions in the Corporations Act.

  39. Eyrie

    What is the meaning of HOP Time? Can’t find it on Goolag or urban dictionary

  40. Roger

    The government caused the bankruptcies.

    The government owns the bankruptcies.

    The government therefore pays for the bankruptcies.

    By taxing, borrowing or printing?

  41. thefrollickingmole

    By taxing, borrowing or printing?

    Cutting, retrenching and saving.
    Ruthless as in a star chamber, head of department brought in and made to justify on strict economic grounds why they exist.

  42. FelixKruell

    Rafe:

    Stop employing consultants to do the work that public servants should be doing, nice rort, go as a consultant and earn more than you got for doing the job as an employee.

    No no no, do the opposite. Consultants are the best way of performing public services – you can pick the talented ones, get what you need done, then you stop paying them. No permanent swelling of public service numbers. No dead wood.

  43. OldOzzie

    Rafe Champion
    #3627796, posted on October 21, 2020 at 9:23 pm
    Stop employing consultants to do the work that public servants should be doing, nice rort, go as a consultant and earn more than you got for doing the job as an employee.

    The Consultants are employed so the Public Servants don’t have to make a decision and they have someone to blame if it goes wrong

    However I do like your Solution

    Decimate the public service using the method employed in the Roman army. Line them up, hand out clubs, group them in tens and they draw straws to decide which one gets beaten to death by the other nine.

  44. Roger

    Cutting, retrenching and saving.
    Ruthless as in a star chamber, head of department brought in and made to justify on strict economic grounds why they exist.

    The long entrenched spending habits of Australian governments, underwritten by “25 years of unprecedented prosperity”, can only be fundamentally challenged by two things:

    A war or the prospect of fiscal collapse bringing in the IMF.

    That leaves, taxing, borrowing or printing.

  45. Botswana O'Hooligan

    Nice try, but only a small cigar for governments get their money from we taxpayers using various methods of basic robbery without violence (at the moment) so if they do a Venezuela and start printing money we will suffer from inflation just as bad. In Russia when I lived there inflation was so bad that the exchange rate was 5000 roubles to the USD so the govt. chopped two of the zeros off and made it 50 roubles to the USD and then reduced the worth of the rouble for domestic use accordingly so suddenly everyone who had roubles saved had their worth reduced by 100 fold. If people think that the Australian govt. won’t do that then they had better think again and take a look at what the nice Mr. Andrews is doing in Victoria.

  46. John Bayley

    You’re all dreaming.

    There may be perhaps one or two politicians in this country that would support such a program.

    In fact, now that they have the fig leaf of a ‘scientific theory’, named MMT, to hide behind, it will be mostly the ‘printing’ part that will be resorted to.
    With the inevitable consequences.

    What the cat needs is more actual financial advice on how to approach what is coming and even… profit from it.

    I don’t think any financial guru who also happens to be honest will claim to have such advice.

    There have been historical examples of what’s coming – the Depression, Weimar hyperinflation etc.

    But history, while it may rhyme, does not repeat. So what worked then will not necessarily work now.

    Even so, some measures one may take are just plain common sense. Here are a few, in no particular order:

    – You can only influence your own, and your immediate family’s circumstances
    – Be on good terms with your neighbours & local community (probably only possible in small towns)
    – Avoid debt
    – Own your own place, preferably away from large cities and, ideally, with a veggie garden & maybe a few chooks
    – Invest in some ‘insurance’ in the form of physical gold and Bitcoin
    – Have a cash reserve on hand. At least $5-10K should be aimed for.

  47. duncanm

    Add eSafety Commission to the list.

  48. mizaris

    “And lastly, and the single biggest inflation retarding mechanism of them all, a 10 year freeze on all public serpent wages.”

    And a 10 year freeze on all public serpent employment.

    FFS – let the public “service” amortise to a reasonable level through this 10 year freeze. These fvckers have nothing to do except create little fiefdoms for themselves, ensuring that their employers get caught up and hampered by increasingly complex and complicated “compliance”.

    A pox on them all.

  49. Professor Fred Lenin

    Mole , how about foregn aid ? Borrowing monet to give it away is t sound economics is it ?
    We are left to borrow more money to pay the interest on the money we borrowed to give .
    A lot of the aid ends up in the Cayman accounts of the corrupt recipients in the same bank as turnbulls money is in .
    Another thing is bringing in thousands of “refugees ” to spnge on the taxpayers for housing health etc . Thats mot sound economics .
    There is a chance to save llions and reduce the influence of governments . Many departments duplicate State department functions ,and a lot of it could be privatised ,saving a lot .
    Limiting politicians coukd be in parliament to one term in 20 years would save a lot in pensions and perks and get rid of time servers .

  50. thefrollickingmole

    Professor Fred Lenin

    All added to the list.
    Anything that stunts government, makes it a career option for the dull and robotic mediocrities and reduces pollies OPM addiction is great.

  51. John A

    mizaris #3628615, posted on October 22, 2020 at 2:22 pm

    “And lastly, and the single biggest inflation retarding mechanism of them all, a 10 year freeze on all public serpent wages.”

    And a 10 year freeze on all public serpent employment.

    FFS – let the public “service” amortise to a reasonable level through this 10 year freeze. These fvckers have nothing to do except create little fiefdoms for themselves, ensuring that their employers get caught up and hampered by increasingly complex and complicated “compliance”.

    A pox on them all.

    What we also need is a ruling to eliminate two “agencies” for every one that the finks want to create. And not just “restructured” or “merged” with another – I mean up against the wall and shot, right between the eyes!

  52. Crossie

    I agree with this proposal and would like to add something: we need to prosecute the politicians who made the decision to destroy the economy. At the beginning it was obvious that even a four weeks lockdown would cause economic damage but the push to keep extending it as the only approach was criminal. Within a few weeks you could see that most premiers and their chief medical officers were enjoying the power trip. They cannot get off scot-free.

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