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No - Just one country should be held responsible for this global melt down, I have presented in previous article about how my country Australia introduced a tax called GST, the Australian Constitution suggested that the government could not add a tax for the general purpose of governance, whilst the Australian Government have since the year 2000 paid of a 96 billion dollar debt and has a surplus around 20 billion annually.

The problem is the Australian and American Economies are calculated in exactly the same manner, we divide the average by our population whilst the only difference is America has a greater population, the economy in Australia was showing at 100% a total of $1422.75 in November 2006, whilst on a percentage basis the minimum wage in Australia is established at 36% percent of this 100% or $512.19, whilst remebering pensions and support wage provisions are then calculated through a percentage of the minimum standard.

In the year 2000 when GST was introduced the Australian Government where meant to adjust the minimum wage percentage up to 50% of the 100% total taking the minimum wage to $711.37, whilst the reasoning for was simple because all departments of Government are directly connected to the standard, States collected taxes based on what we all earn whilst all Government departments including hospitals, eductaion and so forth pay GST, then their is the Compulsory Workers Compensation Scheme which collects premiums and fees to cover injured workers, this scheme now has over 1 Billion Unfunded Liabilities.

As a result of the government failing to adjust the minimum wage in the year 2000 an (Anomoly / Mistake) occured in the economy, with 6 million minimum wage earners recieving up to $200.00 dollars a week less than are entitled, the States could not possible be recieving correct taxes to provide for the ordinary annual service, then the States get hit twice as the Federal government provides a proportion based on the percentage in which states can afford to provide, whilst dont forget the Workers Compensation Scheme collect premiums and fees based on what we all earn, and this expalins the 1 Billion Unfunded Liabilty.

Here is some basic evidence for you, the Reserve Bank of Australia uses the Economy to formulate interest rates, guess what percentage marker they use and its not 36%, the Reserve Bank uses the 50% benchmark which is divided by 10 taking the basic rate to 7.25% which is consistent with the current rates. Question? if the Reserve

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