Talking Politics | PUNT ROAD END | Richmond Tigers Forum
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Talking Politics

frickenel said:
Now to answer others who doubt the economic record of Libs versus Labour. Let's look at Queensland and Victoria leading the country in record state debt after years under Labour Governments. Campbell Newman had a brief stint in QLD before they voted him out because he was going hard at tackling the debt he faced when he first came to office, but other than that it's been Labour for the best part of 20 years. Same with Victoria, with Andrews having us pretty much with an unserviceable debt over 80 billion dollars even before Covid or the bush fires. But hey, why run projects on budget, when a blow out means more money to unions, therefore more money for Labour election campaigns.

Let's go back further. Federal Hawke / Keating economic disaster and interest rates up around 18%. In comes Howard to clean up the mess and give us economic prosperity and a surplus until Rudd blew it almost instantly. As I said to one other poster here, you can go on about the Sub Prime Crisis but our interest rates increasing whilst Rudd rolled out a stimulus that threw us into debt shows how poorly he managed that situation.
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You're cherry picking here, look at debt levels under the current LNP government. As for Howard, the economic performance under him was underpinned by the reforms of the Hawke/Keating years. Worldwide interest rates at that time were extremely high coming at the end of an economic boom not just Australia.
 
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frickenel said:
I'll pick your post to tack my response to because you are the most blind person on this site.


Your problem is that you don't take a rounded view and look at both sides and extract the facts accordingly. To suggest Hunter Biden's laptop is conspiracy theory when it's all out there now. It's no conspiracy theory of his directorship in a Ukraine company, not the payment from a Chinese bank, nor other payments from Russian billionaires with links to Putin, nor the fact he's charging over 500k for his artwork, when he has no art experience and payments can be anonymous. Nice easy way to collect money for access to daddy!

Even CNN admits the laptop is fact. They did that days after the election!

I'm happy for you to but on your big boy pants and enter this debate, but my posts are going to metaphorically kick you right in your vagina!

I've see you take down another poster who admitted to not really taking in that much on politics and economics, you stating something down their lines of him being part of the problem by not being informed on these topics. Well let's have that debate! Not all this post is pointed at you, but also at some responses by others. I just don't have the time to get on here and post that much as I'm one of the guys paying taxes for you lot to live on the public titty!

Most of the issues we are experiencing right now are home goals kicked by Joe Biden who seems to have his puppet strings being pulled by Bernie Sanders. Joe Biden was never this lefty moron.

Home goal 1: Ukraine
Russia couldn't move on the Ukraine for the reasons I explained in the previous post. Ted Cruse put a bill to the Senate to again stop the Russian Norstar Pipeline. The DEms voted it down, and now we have a war brewing. We also have Biden calling the President of the Ukraine telling him an attack is imminent and soon. The Ukraine president tells Biden basically to pipe it down, and that he's making matters worse.

Maybe the Dems want a little conflict to lift popularity out of the sewers.

Home Goal 2: He had his spending bill voted down, which had it got through would have been an economic disaster, not that they aren't already in one!

Southern border leaking enough Fetanyl to kill every American 7 times over. As we speak, the USA is trying to figure out why the death rate has jumped 41% in Americans ages 18 to 64. This is after Covid. It might be partly because of the record homicides and record number of drug deaths, but it seems to go beyond that. Authorities are saying there isn't enough information to pin it on vaccines, not that that's how the data is supposed to be used. It's supposed to be an early warning so that things get looked at, not to raise a decisive argument.

Now to answer others who doubt the economic record of Libs versus Labour. Let's look at Queensland and Victoria leading the country in record state debt after years under Labour Governments. Campbell Newman had a brief stint in QLD before they voted him out because he was going hard at tackling the debt he faced when he first came to office, but other than that it's been Labour for the best part of 20 years. Same with Victoria, with Andrews having us pretty much with an unserviceable debt over 80 billion dollars even before Covid or the bush fires. But hey, why run projects on budget, when a blow out means more money to unions, therefore more money for Labour election campaigns.

Let's go back further. Federal Hawke / Keating economic disaster and interest rates up around 18%. In comes Howard to clean up the mess and give us economic prosperity and a surplus until Rudd blew it almost instantly. As I said to one other poster here, you can go on about the Sub Prime Crisis but our interest rates increasing whilst Rudd rolled out a stimulus that threw us into debt shows how poorly he managed that situation.

Did Clinton cause the sub prime crisis? Look up the Glass Steagul act which controlled the lending habits of banks. Clinton repealed this act which led to banks acting like cowboys which led to the inevitable. Admittedly, my opinion on the Bush's isn't much better than Clinton. I could say the same of Malcolm Fraser, but Gough Whitlam was an economic disaster which is glossed over by the manner in which he lost office.

I should however qualify my comments on economic management by saying they aren't rally based as much on party lines as they are on philosophical lines. The more policy moves to the left, the more you will go broke straight and simple. Socialism around the world proves this. China gained economically by going more to a free market system, and now having gained wealth, Xi Jinping is moving back the other way, and they are beginning to implode quicker than they grew. The USSR was a failure and for a more direct comparison, look at say East and West Germany, or say the Northern and southern continents of America.


Now, to look at our economic situation right now i will go back to the USA as it magnifies what the whole western world is facing. I will try to explain this as simply as possible.

Have you heard of the "Great Reset" where nobody will own their home, nor a car, nor even the clothes on their back? We will all be under constant surveillance, own nothing, and be happy with our lot. I guess this is conspiracy theory as well, except it's on the World Economic Forum website being pumped by all the multi billionaires (except the odd one out in Elon Musk). But of course they have the most to lose, so why would they be pushing this? Well they will still own their assets, in fact they will own yours too. We will all be on the govt titty, and therefore under Govt control.

I can hear everyone say "Bollocks, how could they get everyone's house?"

Well the middle class is right now perfectly set up for the slaughter.

Governments all over the world, including here and yes conservative governments as well have been conning us. You see, they changed the measure for CPI to hide real inflation. We all know they lift interest rates if inflation is over 2%, but in reality by the old measure we've been over that for well over a decade now. The official inflation rate in the USA is 7% and accelerating right now. By the old (and true) measure , it's 15% and accelerating. Here we are officially at around 3.5% (probably more accurately over 5% and accelerating.

Why would they lie about inflation rates? Because that allows them to go to zero or virtually zero interest rates. The low inflation figure is their excuse. It means their debt relatively speaking is less. All all of us western countries are in massive debt, and this is where i mean i look at this more down philosophical lines. Because i see Morrison as being no different to a Labor leader of say 20 years ago.

So we have massive debt, a bollocks inflation rate fed to us while we continue to print money.

The USA in December ran a deficit of 1 trillion dollars. That's never been done before in one month. It's a record! This is a deficit on merchandise trade. Over the 12 months under Biden they ran at 10 trillion, also never achieved by any nation in history.

Now going back to the global reset. The Fed reserve which is supposed to work for the little person, really works for the 1% at the top, those lefties that want a one world Government. They lied saying inflation was transitory. This protects the markets that the top 1% are making their money on. During the sub prime crisis they told us the problem was contained and wouldn't affect the wider mortgage market. How did that turn out?

This is probably getting boring for most people so i will cut straight to the chase.

High inflation kills off the middle class. Hyper inflation totally wipes out middle class wealth. At the same time, it makes asset rich individuals even more wealthy. The more left a Government the more they want to lock down. All the large companies stay open and pig up the market share of the small operators who aren't allowed to open. 2021 saw a massive transfer of wealth to that top group. Step forward and take a bow George Soros!

So where to from now?

Inflation has to be brought under control. Bearing in mind the real weight of it on the middle class is around 15%. The US federal reserve is talking about lifting the official rate by 1/4 of one percent in 2022, then to 1% in 2023 and then 2% in 2024.......................... can anyone see the problem here?

If real inflation is 15% then an interest rate of say 1% is a massive economic stimulus, the opposite of what the economy needs. The idea of lifting interest rates is so that people put money in the bank and hold it there, so it's not circulating, but who would do that when they are effectively at a negative 14% i.e. 15% inflation less 1% interest on savings. On $100,000 you are losing $14,000 in spending power every year.

When inflation was at 13.5% in 1980, they pulled it up by taking interest rates to 20% in the USA. They got ahead of the inflation curve, and brought it under control.

So how exactly could the US possibly do this now? The country is fiscally broke. Their 30 trillion dollar debt is being serviced at 1% interest. Imagine them trying to service it at 20% interest. They literally can't. How can those with mortgages hold onto their homes?

I heard an economic expert on 3AW today talking about interest rates reaching 5% in 2023. A layman off the street called in and said he can't see that happening because nobody could afford to pay say 8% on the much larger mortgages that exist today. The economic expert hadn't explained the "getting ahead of the inflation curve" as I just did above, so this punter and John Elliott, the host didn't touch on this. They missed the whole point of why rates rise, i.e. to create a positive on investment over inflation to take the air out of the economy.

I can see people reading this post saying "but surely, they can't lift rates that high. it will crush people"!!!

They won't' want to lift rates that high, because we are talking about an economic Armageddon. But as I have explained, the other option is hyper inflation brought on because it's no use saving money as it loses its value, thus all this printed money stays out there circulating and driving up inflation.

We can't print more money to get out of the mess, because that's what they have done for over a decade and that is whets caused inflation. That's why we are at this point now, and inflation is what will cause the economic collapse.

Let's get away from Labour / Liberal Democrat / Republican and look again at philosophical stand points. The filthy rich are pushing left policy, large debt because they are getting rich on it. The rest of us get reamed. Then you have the useful idiots like Angry Ant who cheer the left, thinking they are rallying against the establishment. The left are the establishment. To call my comments conspiracy theory re the CIA FBI and DOJ is just naive. Imagine if it was Dona Trump Junior's laptop, where things would be right now. The deep state is deeper than anyone could imagine.

The Clintons were in millions of debt in 2000, and are worth around 120 million now! I guess when you're appointed secretary of state and 181 companies who donated to the Hillary Clinton Foundation are also in the process of lobbying the state dept, it can be rather profitable. I guess we'd know if she didn't bleach and smash hard drives before the investigation. Imagine if the DOJ, FBI and CIA investigated her with the same vigour as they are trying to find a crime, any crime on Donald Trump. Now that she's been caught out funding the Steele Dossier to create the Russian Collusion hoax and spy on Trumps 2016 election campaign, we can wonder again at the vigour of the investigation.

What about Nancy Palosi's insider trading ? Selling stocks just before the Covid dramas are made public. What about her son Paul Polosi who has been linked with numerous fraudulent companies. The other directors kept going down, but he kept avoiding the noose!

What about Senate Majority Leader Chuck Schumer and his family links to big tech companies. Is it any wonder an anti trust bill can't cross the senate floor? Daugher Jessica involved with Amazon, other daughter Allison with Facebook, and son at Google. Yes that's all at arms length.

I've already gone over the Bidens, but there's also te little matter or Chris Heinz, John Carey's step son being tied into these deals with Chinese money, but nothing to see there i guess, not in a swanp that runs so deep!
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Flattered by the attention but as per my previous message, I no longer wish to receive this newsletter. Please unsubscribe me.
 
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frickenel said:
I'll pick your post to tack my response to because you are the most blind person on this site.


Your problem is that you don't take a rounded view and look at both sides and extract the facts accordingly. To suggest Hunter Biden's laptop is conspiracy theory when it's all out there now. It's no conspiracy theory of his directorship in a Ukraine company, not the payment from a Chinese bank, nor other payments from Russian billionaires with links to Putin, nor the fact he's charging over 500k for his artwork, when he has no art experience and payments can be anonymous. Nice easy way to collect money for access to daddy!

Even CNN admits the laptop is fact. They did that days after the election!

I'm happy for you to but on your big boy pants and enter this debate, but my posts are going to metaphorically kick you right in your vagina!

I've see you take down another poster who admitted to not really taking in that much on politics and economics, you stating something down their lines of him being part of the problem by not being informed on these topics. Well let's have that debate! Not all this post is pointed at you, but also at some responses by others. I just don't have the time to get on here and post that much as I'm one of the guys paying taxes for you lot to live on the public titty!

Most of the issues we are experiencing right now are home goals kicked by Joe Biden who seems to have his puppet strings being pulled by Bernie Sanders. Joe Biden was never this lefty moron.

Home goal 1: Ukraine
Russia couldn't move on the Ukraine for the reasons I explained in the previous post. Ted Cruse put a bill to the Senate to again stop the Russian Norstar Pipeline. The DEms voted it down, and now we have a war brewing. We also have Biden calling the President of the Ukraine telling him an attack is imminent and soon. The Ukraine president tells Biden basically to pipe it down, and that he's making matters worse.

Maybe the Dems want a little conflict to lift popularity out of the sewers.

Home Goal 2: He had his spending bill voted down, which had it got through would have been an economic disaster, not that they aren't already in one!

Southern border leaking enough Fetanyl to kill every American 7 times over. As we speak, the USA is trying to figure out why the death rate has jumped 41% in Americans ages 18 to 64. This is after Covid. It might be partly because of the record homicides and record number of drug deaths, but it seems to go beyond that. Authorities are saying there isn't enough information to pin it on vaccines, not that that's how the data is supposed to be used. It's supposed to be an early warning so that things get looked at, not to raise a decisive argument.

Now to answer others who doubt the economic record of Libs versus Labour. Let's look at Queensland and Victoria leading the country in record state debt after years under Labour Governments. Campbell Newman had a brief stint in QLD before they voted him out because he was going hard at tackling the debt he faced when he first came to office, but other than that it's been Labour for the best part of 20 years. Same with Victoria, with Andrews having us pretty much with an unserviceable debt over 80 billion dollars even before Covid or the bush fires. But hey, why run projects on budget, when a blow out means more money to unions, therefore more money for Labour election campaigns.

Let's go back further. Federal Hawke / Keating economic disaster and interest rates up around 18%. In comes Howard to clean up the mess and give us economic prosperity and a surplus until Rudd blew it almost instantly. As I said to one other poster here, you can go on about the Sub Prime Crisis but our interest rates increasing whilst Rudd rolled out a stimulus that threw us into debt shows how poorly he managed that situation.

Did Clinton cause the sub prime crisis? Look up the Glass Steagul act which controlled the lending habits of banks. Clinton repealed this act which led to banks acting like cowboys which led to the inevitable. Admittedly, my opinion on the Bush's isn't much better than Clinton. I could say the same of Malcolm Fraser, but Gough Whitlam was an economic disaster which is glossed over by the manner in which he lost office.

I should however qualify my comments on economic management by saying they aren't rally based as much on party lines as they are on philosophical lines. The more policy moves to the left, the more you will go broke straight and simple. Socialism around the world proves this. China gained economically by going more to a free market system, and now having gained wealth, Xi Jinping is moving back the other way, and they are beginning to implode quicker than they grew. The USSR was a failure and for a more direct comparison, look at say East and West Germany, or say the Northern and southern continents of America.


Now, to look at our economic situation right now i will go back to the USA as it magnifies what the whole western world is facing. I will try to explain this as simply as possible.

Have you heard of the "Great Reset" where nobody will own their home, nor a car, nor even the clothes on their back? We will all be under constant surveillance, own nothing, and be happy with our lot. I guess this is conspiracy theory as well, except it's on the World Economic Forum website being pumped by all the multi billionaires (except the odd one out in Elon Musk). But of course they have the most to lose, so why would they be pushing this? Well they will still own their assets, in fact they will own yours too. We will all be on the govt titty, and therefore under Govt control.

I can hear everyone say "Bollocks, how could they get everyone's house?"

Well the middle class is right now perfectly set up for the slaughter.

Governments all over the world, including here and yes conservative governments as well have been conning us. You see, they changed the measure for CPI to hide real inflation. We all know they lift interest rates if inflation is over 2%, but in reality by the old measure we've been over that for well over a decade now. The official inflation rate in the USA is 7% and accelerating right now. By the old (and true) measure , it's 15% and accelerating. Here we are officially at around 3.5% (probably more accurately over 5% and accelerating.

Why would they lie about inflation rates? Because that allows them to go to zero or virtually zero interest rates. The low inflation figure is their excuse. It means their debt relatively speaking is less. All all of us western countries are in massive debt, and this is where i mean i look at this more down philosophical lines. Because i see Morrison as being no different to a Labor leader of say 20 years ago.

So we have massive debt, a bollocks inflation rate fed to us while we continue to print money.

The USA in December ran a deficit of 1 trillion dollars. That's never been done before in one month. It's a record! This is a deficit on merchandise trade. Over the 12 months under Biden they ran at 10 trillion, also never achieved by any nation in history.

Now going back to the global reset. The Fed reserve which is supposed to work for the little person, really works for the 1% at the top, those lefties that want a one world Government. They lied saying inflation was transitory. This protects the markets that the top 1% are making their money on. During the sub prime crisis they told us the problem was contained and wouldn't affect the wider mortgage market. How did that turn out?

This is probably getting boring for most people so i will cut straight to the chase.

High inflation kills off the middle class. Hyper inflation totally wipes out middle class wealth. At the same time, it makes asset rich individuals even more wealthy. The more left a Government the more they want to lock down. All the large companies stay open and pig up the market share of the small operators who aren't allowed to open. 2021 saw a massive transfer of wealth to that top group. Step forward and take a bow George Soros!

So where to from now?

Inflation has to be brought under control. Bearing in mind the real weight of it on the middle class is around 15%. The US federal reserve is talking about lifting the official rate by 1/4 of one percent in 2022, then to 1% in 2023 and then 2% in 2024.......................... can anyone see the problem here?

If real inflation is 15% then an interest rate of say 1% is a massive economic stimulus, the opposite of what the economy needs. The idea of lifting interest rates is so that people put money in the bank and hold it there, so it's not circulating, but who would do that when they are effectively at a negative 14% i.e. 15% inflation less 1% interest on savings. On $100,000 you are losing $14,000 in spending power every year.

When inflation was at 13.5% in 1980, they pulled it up by taking interest rates to 20% in the USA. They got ahead of the inflation curve, and brought it under control.

So how exactly could the US possibly do this now? The country is fiscally broke. Their 30 trillion dollar debt is being serviced at 1% interest. Imagine them trying to service it at 20% interest. They literally can't. How can those with mortgages hold onto their homes?

I heard an economic expert on 3AW today talking about interest rates reaching 5% in 2023. A layman off the street called in and said he can't see that happening because nobody could afford to pay say 8% on the much larger mortgages that exist today. The economic expert hadn't explained the "getting ahead of the inflation curve" as I just did above, so this punter and John Elliott, the host didn't touch on this. They missed the whole point of why rates rise, i.e. to create a positive on investment over inflation to take the air out of the economy.

I can see people reading this post saying "but surely, they can't lift rates that high. it will crush people"!!!

They won't' want to lift rates that high, because we are talking about an economic Armageddon. But as I have explained, the other option is hyper inflation brought on because it's no use saving money as it loses its value, thus all this printed money stays out there circulating and driving up inflation.

We can't print more money to get out of the mess, because that's what they have done for over a decade and that is whets caused inflation. That's why we are at this point now, and inflation is what will cause the economic collapse.

Let's get away from Labour / Liberal Democrat / Republican and look again at philosophical stand points. The filthy rich are pushing left policy, large debt because they are getting rich on it. The rest of us get reamed. Then you have the useful idiots like Angry Ant who cheer the left, thinking they are rallying against the establishment. The left are the establishment. To call my comments conspiracy theory re the CIA FBI and DOJ is just naive. Imagine if it was Dona Trump Junior's laptop, where things would be right now. The deep state is deeper than anyone could imagine.

The Clintons were in millions of debt in 2000, and are worth around 120 million now! I guess when you're appointed secretary of state and 181 companies who donated to the Hillary Clinton Foundation are also in the process of lobbying the state dept, it can be rather profitable. I guess we'd know if she didn't bleach and smash hard drives before the investigation. Imagine if the DOJ, FBI and CIA investigated her with the same vigour as they are trying to find a crime, any crime on Donald Trump. Now that she's been caught out funding the Steele Dossier to create the Russian Collusion hoax and spy on Trumps 2016 election campaign, we can wonder again at the vigour of the investigation.

What about Nancy Palosi's insider trading ? Selling stocks just before the Covid dramas are made public. What about her son Paul Polosi who has been linked with numerous fraudulent companies. The other directors kept going down, but he kept avoiding the noose!

What about Senate Majority Leader Chuck Schumer and his family links to big tech companies. Is it any wonder an anti trust bill can't cross the senate floor? Daugher Jessica involved with Amazon, other daughter Allison with Facebook, and son at Google. Yes that's all at arms length.

I've already gone over the Bidens, but there's also te little matter or Chris Heinz, John Carey's step son being tied into these deals with Chinese money, but nothing to see there i guess, not in a swanp that runs so deep!
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Learn to spell.
 
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Baloo said:
Twitter is saying the texts are to a female cabinet minister who is very close to a NSW Senate member. I'm not sure who that is.
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On ABC News Channel just now confirmation from Patricia Karvelas that it was a Federal minister and it was just after the NSW bushfires.
 
I wonder if Gladys can recollect what she had for breaky?
 
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Brodders17 said:
unless the media just arent reporting it, it is pretty telling Berejiklian is not denying the essence of the text, just claiming she cant remember writing it.
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Yes.

If you asked a politician

'Do you want money, sex, power and free plane travel for life and an ambassadors gig in a stable democracy?'

They'de go

'I dont recollect'
 
I wonder whether Morrison will still think Gladys was treated badly by the ICAC enquiry?
 
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Sintiger said:
Nah, give me the Tiger Flag

SCOMO will get his anyway
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He'll get voted out and somewhere over 50% of people will realise he's a piece of sh!t, but he'll take home hundreds of thousands of taxpayer dollars per year for life, with free travel and probably a security detail, live in his nasty little Hillsong grifter bubble and never go to prison or get his head kicked in, so while I agree with the first part of your statement, sadly I don't think the second will come true unless one of his curries gives him ferocious diarrhea, there's no room at any hospital and he literally sh!ts himself to death.
 
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Frickenel, your diatribes are getting longer and crazier.

Just a couple of things as I really can't be bothered with most of it.

The Great Reset is going to take away all our homes etc and is being pushed by the World Economic Forum? Yeah right, the World Economic Forum are a bunch of multi-millionaire right wingers who already run the world, why would they want to undermine property? It is the whole edifice of private property which serves their interests very well. In any case middle class wealth is being eroded by things like unaffordable house prices and we are returning to the usual situation under capitalism where only a very small percentage of the population own any substantial amount of wealth. The post-war compromise was the exception, the gilded age is the norm (read Pikkety).

I don't know where you get this idea that inflation is a bad thing for debtors, inflation erodes debt, this is well known and obvious. If you have inflation the value of the debts you owe reduces in real terms.

You also fail to tell us how the measure of inflation has changed (CPI has been around for a long time, based on a regimen of goods and their prices, it ain't perfect but it does mean we have a measure which can be compared over decades) and what the supposed "old" measure of inflation was.

On the Glass-Stegal act I would agree. It was brought in under Roosevelt to prevent things like the 1929 crash and people losing their bank deposits happening again. It was the free market right who wanted this repealed, neo-liberalism in action. Not a direct cause of the 2008 crash but not a coincidence either. Should never have been repealed.

DS
 
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spook said:
He'll get voted out and somewhere over 50% of people will realise he's a piece of sh!t, but he'll take home hundreds of thousands of taxpayer dollars per year for life, with free travel and probably a security detail, live in his nasty little Hillsong grifter bubble and never go to prison or get his head kicked in, so while I agree with the first part of your statement, sadly I don't think the second will come true unless one of his curries gives him ferocious diarrhea, there's no room at any hospital and he literally sh!ts himself to death.
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Quality rant
 
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spook said:
He'll get voted out and somewhere over 50% of people will realise he's a piece of sh!t, but he'll take home hundreds of thousands of taxpayer dollars per year for life, with free travel and probably a security detail, live in his nasty little Hillsong grifter bubble and never go to prison or get his head kicked in, so while I agree with the first part of your statement, sadly I don't think the second will come true unless one of his curries gives him ferocious diarrhea, there's no room at any hospital and he literally sh!ts himself to death.
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When Morrison is kicked to the kerb at the election, I think as a means of letting bygones be bygones, Albo should offer him the gig as Australia's Ambassador to China.
 
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Morrison is saying that he still considers Gladys a dear friend......................yeah right, and Turnbull still thinks the world of Morrison too.
 
Apparently Koch says to Morrison today:

Koch: For the record, I'm Rye bread at $5 a loaf, Burgen. What about you? Are you a sourdough, or a multigrain?

Morrison: Is that to me?

Koch: Yeah.

Morrison: I'm just normal white bread, white bread toast. That's me.

FMD..... little scotty got that right !
 
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