I must have written and re-written this blog post at least a dozen times, but I will keep on writing it and posting it until it sinks in to the relevant people who can help me make it happen, let me explain.

Many years ago an ex British prime minister called John Major headed up his parties policy called “Back to Basics” which in itself was a great idea, and It meant that we could all go back to living life as it would have been after the 2^nd world war, A job, a family with great family values, people having respect for each other, courtesy to each other and a disposable income with which to pay bills and actually have a social life. etc etc. The idea was good, the name was great, but sadly, nothing happened, just like most political promises, everything stayed the same, except for commodity prices kept on going up and up. (Just like today)

The only way anything like this could be successfully implemented, would have been to throw lots and lots of money at it, and what do governments least like doing? Spending money, especially if it is on something that just may be good for the general public.

So if we are going to do all the things that we need to do to bring back a stable and happy population to our cities and country areas, how do we go about it? We need money, and I mean lots and lots of money.

I have recently read other blog/ news posts that say that countries like Finland have a large bundle of cash for the country and their people, this is called a “Sovereign future fund” Sweden apparently has this as well, but sadly according to a television broadcast I have recently watched by Lee Kwan Yew (the now sadly deceased leader of Singapore), Australia hasn’t! So if you sign up to Australian citizenship, you instantly sign up to a foreign debt, and this is because the successive governments all borrow so much money from overseas, just to run the country.

I find this incredibly ridiculous when we have all these natural resources right here. Iron Ore; Tin; Silver Gold; Lithium; Bauxite; Lead; Diamonds; the list is endless. Its madness. I could go on about how Kevin Rudd tried to impose a 40% tax on the mining industry and failed miserably, but if he had succeeded he would have only wasted it somewhere, it wouldn’t have made everyday living easier for all Australians.

He was the man who decided to give every Australian $900 cash (as long as they were eligible) but where did the vast majority of people spend this? On TV’s and various electronic junk, in addition to booze and cigarettes, so this money really boosted the economy for the likes of Harvey Norman, and JB HiFi etc, eventually finding its way to the economy of China, Korea, India, but did it make life any easier for the average Australian? For about 20 minutes perhaps, then it was all gone again.

If he was to supply a slightly more intelligent move, he should have done the same as the State Governments did post pandemic, and given everyone vouchers with which they could have either bought essentials (Food) or purchased goods in locally owned and run businesses like restaurants, to support those businesses in dire need of more custom, thus supporting local jobs.

Here in Australia we have a population of approximately 28 million people, and out of that 28 million 3.8 Million are deemed to be living below the poverty line, plus another 1.5 times this number are finding it difficult to pay everyday bills, mortgages being the largest bugbear.

For a country rich in natural minerals and resources this figure is incredibly unacceptable, and completely ridiculous.

So to implement this so called “Back to Basics” Modus Operandi, we have already admitted that tons of money has to be thrown at any plan like this, so where will that money come from?

We cannot rely on the government for money, that has already been stated that they will either keep it for their own future pension funds or squander it on massively expensive submarines to satisfy relations with the UK and the USA.

We cannot rely on the massive corporations who earn billions a day, because they have an inbuilt desire to keep as much money on the planet for themselves as is physically possible, and anything slightly philanthropical will go against their grain. (although I say that mainly in jest, I do realise people like Gina Rinehart and Andrew Forest do give a lot to charity)

I propose we build a so called “sovereign future fund” paid for by the general public!

So why would the general public show the slightest interest in this fund? What they will say instantly is “Whats in it for me”? Well lets have a look at that very problem.

I have written on many occasions about a great lottery system we have in the UK run by the government which is called “Premium Bonds”. You may or may not know that most governments issue bonds to raise money, well premium bonds are slightly different.

Lets say you buy 1 bond for a dollar. That bond is then entered into a draw on the 1^st of every month whereby you can win some pretty major prizes. In the case of Premium bonds that prize is £1 million pounds per month (in fact these have become so popular now they have introduced a second first prize of £1 million, so that’s 2 million pounds per month. There are literally 10’s of thousands of other prizes ranging from the 1 million pound prize down to a £25 prize.

In the case of this potential lottery here in Australia there would not only be cash prizes to help with everyday living expenses, but also voucher prizes from major sponsors Like the large supermarket chains who would donate vouchers to the value of $100 to be redeemed for everyday grocery goods. This is only the start of helping everyday people with everyday bills

The major difference between this lottery and any normal lottery is this. If the ticket doesn’t win, it’s still valid for the next draw, and will remain so forever. Its a perpetual ticket that lasts for every single monthly draw. That’s 12 chances of winning every year FOREVER.

Now here in Australia Compliance is very stringent, and this style of lottery as a stand alone lottery wouldn’t get licence if it was a straight forward lottery system.

So here is one potential answer. This would be promoted and billed as a trade lottery, whereby when you have purchased something online, lets say an audio book, or a training course, or an e-book, you would be awarded lottery bonds allocated to that purchase. But those lottery bonds would be owned by the purchaser forever.

The money for those lottery bond tickets would come from the vendor of the online product as a promotional gift to help raise sales of that product. But this would only be the start. If promoted properly and sensibly I can see many companies and vendors wanting to jump on board to get their products, or goods and services to the top of the sales ladder.

Once we start to build this fund, what would we do with it?

This fund would have the distinct aim to supply the prizes for the monthly draws, and would allocate a certain percentage of the interest earned to be returned to the customers as cash prizes. The bigger the fund, the larger the prize cash pool

The main fund would then be used to regenerate apprenticeships within the catering and many other industries, and support shops; bars; restaurants; small business who are struggling to stay afloat under the current disastrous financial conditions.

I would like to see the fund grow so big, that we could literally make a change to thousands of Australians country wide, in developing housing projects to be sold way below current market level to put these dwellings into the reach of anyone wishing to own their own home.

This is not about making massive profits for fat-cat developers/ builders/ politicians, but to make commodities affordable to anyone who has the inclination to get on in life. There would of course be caveats to stop investment purchasing and reselling, these dwellings would be to live in.