Why Are We Not Spending? Are you an Idiot?

In spite of living in the one of the least indebted countries, Australians continue to mystify commentators as to why they are saving instead of spending.  It just might be because they are intelligent people.  Like:

• When gold price is over $1600 per ounce, they so know that things are not well in the international monetary world.
  
• When our leaders words are put to the sword courtesy of the internet, WikiLeaks,  Twitter etc.
• When Banks still hold trillions of dollars of mystical instruments (monopoly style debt) that will have to be paid, then things again are not right.
  
• When our Politicians win power on the strength of corporate donations, then get pestered by well resourced lobbyists, people have little confidence in dermocracy.
  

As I say, we are not idiots!  It is my view that the latter two bullets are the root causes.  The other problems such as the EU and US getting themselves into the crap are the result.