we literally have the worst PM in living memory right now. Albanese would be much better, but the two party system of representative democracy we have now is pissweak, agreed. Of course we've had what, a decade of LNP leadership and yet you still want to blame the ALP. Ok dude.
A myth that has been frequently debunked in this thread. And here we are, under a liberal government that's in its second term but it's all the left's fault. Somehow.
Is your share portfolio under threat? Such a boomer problem to have. But yes, it's the fault of the "lefty" institutions I guess.
And how is neo-liberal economics the fault of the left?
I mean, billionaires have historically got rich on the largesse of subsidies and regulation/deregulation of governments, in Australia particularly so - look at Clive Palmer for example. This is corrupt. It's not really socialism and the phrase "billionaire lefty pricks" makes me cackle insanely.
The global form of capitalism with its attendant exploitation of workers, the environment, its rampant corruption, its cosy deals between business/government and militaries sucks.
However blaming this on lefties is outrageously insane.
Where do i start with you?
Expenditure................
One thing that's hard to take away once implimented is public expenditure. The media will basically maul you. Tony Abbott tried to reel it in after Rudd but had a hostile Senate that wouldn't pass anything. Clive Palmer who had a deciding vote in a lot of these cases makes me laugh now, as he blocked bills that according to his apparent beliefs he should have been letting through. I can only guess he wanted his fat head in the papers and the best way to do that was to be a disrupter.
Quantative Easing was invented by Barak Obama, and has been continued by successive administrations. It's been basically copied by us and every other western nation. It's been like a great social experiment. Over the last 15 years, most of the western world has been run by the lest, bar here where Liberal is a shade off being left and a 4 year period under Trump who was reigning in the expenditure until Covid hit.
Have a lok at Albanese trying to not shake Morrison's hand. He couldn't even do that with any conviction, putting his hands up, then out to shake, then taking it away whilst starting a nervous giggle like a 14 year old school girl being asked for her first kiss. Does that look like a leader to you? Is Morrison a leader? No, not at all, but Albanese???? FMD!!
Is my share portfolio under threat??
I don't have one.
My main income stream is the stock market, the NYSE to be precise. I don't trade our stocks as they don't move enough. I hold no bitcoin or Gold, though that might change ove rthe next few months, but i will wait for gold to drop slightly which it will when rates start to go up. Then i will buy.
In relation to the NYSE, if it heads south which i expect it to, i will make a small fortune as it drops. When i put my head on the pillow after trading (usually no more than an hour or 2), i will have nothing left on the table. I do not hold stocks over night. I mainly short stocks, Chinese ones being a favorite at the moment, though i took them long in the days just before Christmas as i knew ohers in longer term short positions would be exiting their trade before the year ended. To exit a short position, it's a "buy" action. So i rode them up for a few days.
I'm not sure if i mentioned in my previous post, but stocks were being sold off at the end of the day last week. At a guess, that's larger institutions starting to cash out.
When Governments print money, where do you think the banks are putting it?
Have a look at the PE ratio of US stocks, or for that matter the SP500 itself. A normal PE ratio would be around 20. It's been as high as 37. Anything over 30 leads to a serious correction. If and when (in my opinion when) this next crash happens, there will not be a V shaped recovery because the Fed wont be able to print money, give it to the banks s othey can jump in and buy the dip. It is a massive con on the average punter. Not on me, because i don't hold stocks over night, but on the likes of you who are sitting on your little spuerannuation nest egg and then watching it get smashed in half.
I cdon't have much more time to type much more, but on your last point who do you think the left are?
Who is controlling most of the global policies these days ? Would it be Brussells with all their Global Warming crap? Would it be Wall St who are clearly in favor of the Biden administration? Would it be the likes of George Soros who is pushing the US jusctice system to the extreme left by funding the electino of extreme left DA's?
On that point, look at the economic health of all the Blue states in the USA. They are riddled with homeless bums, with law and order completely out of control. Murders, car jacking , rape, you name it. It is all through the roor under democratic leadership.
There is a massive exodus from Californians to red states as we speak.
Lastly, look at who in the Republican party is against Trump. It's the Bush's, the McCain's, the Cheney's - all generational politial families making millions from their positions of political influence. That's what Trump meant when he said he was coming in to drain the swamp. He was attempting to put the power back in the hands of the people and take it away from these generational families getting rich on the public purse. How wealthy was Barak Obama before being President? How wealthy is he now?
Trump was paid a salary of $1 per year as President as he had to take some salary legally. He had nothing to gain. He was popular amongst Americans and even the left media until he upset the establishment.
Now we have the Bidens in there. The same Joe Biden who when appointed point man to the Ukraine in 2014, took his son with him who suddenly is on the board of the most corrupt company in the Ukraine. Ironically Biden was there to root out corruption. There's his son collecting almost 70k a month, can't speak Ukraine, no expertise in energy, he's just a useless prostitute *smile* crack head.
THen Biden goes to China. Whose getting on the plane with him? Crack head Hunter who in days comes back with a payment of 1.5 billion into his private company by the bank of China. Imagine if that was Trump's son?
Joe Biden is even stupid enough to brag on live TV about extorting a foreign government again the Ukraine Govt) where he threatened to stop payments from the US to the Ukraine Govt if a Chief Justice charged with investigating the company his sone was a new director of, wasn't sacked. In Biden's own words as he bragged to the audience. "Well Son of a *smile*, the prossecutor got fired"!
That alone in a normal world would have a president impeached, but we aren't in a normal world.
With all the money received by Hunter Biden from Russia, why aren't we taking about Russian Collusion in relation to Biden. His policies are favouring Russia to the point where they are now able to wage war on the Ukraine. That's right, that mess is Biden's to own as well. Without the Norstar pipeline getting the go ahead by Biden, the same pipe line Trump stopped, Russia has no way of getting their natural resources to Europe except through a pipeline that passes through the Ukraine. Now they have another option, and now the troops are all milling on the border of the Ukraine who no longer have the ability to cut off Russias income stream. I wonder how much of the moeny paid to Hunter Biden, who incidentally shars the same bank accounts with his President Dad, was paid for that favour?
Funny also how quiet the media is on the Steele Dossier now that it's been found to be a Hillary Clinton funded fraud. The inditements are rolling out on those responsible for that con right now as we speak. Just wait til lafter the mid terms where if expected, the Dems lose more than 50 seats, just how many investigations start to take place into this stuff.
It takes the left to weaponise the institutions that are supposed to hold them to account. Look at the DOJ, the FBI, the CIA and their roles in the Steele Dossier and the charges they;ve been bringing down on conservatives whilst ignoring the Clintons who can bleach hard drives and smash them with hamemrs before an enquiry, or who see mto be dragging their feet so slowly over the Hunter Biden lap top but furiously looking for anything they can find on the Trumps.
Look at outr own police right here who allow a BLM march no problems during a pandemic, but bash people in freedom marches. Or look at Bogut's recent treatment.
With all of the evils of socialism through history, so many still want to go down that path and put their stupid heads right in the noose.
