spatial
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Post by spatial on Aug 16, 2022 18:59:54 GMT 10
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rastus
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Post by rastus on Aug 19, 2022 19:01:30 GMT 10
It is so wet on the clay up the back, that I swear I saw the goat sliding down the slope.
Even on foot on the flat it is hard to stay upright.
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spatial
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Post by spatial on Aug 24, 2022 13:15:13 GMT 10
The economic doomsayer are out in full force. This guy predicting all capital dries up and there is a banking holiday by the end of the year. You wake up one morning and all bank accounts are frozen or all overdraft facilities stopped as there is no money in the system. Australian indebtedness - it will be pain on a biblical scale. usawatchdog.com/world-in-the-process-of-bankrupting-bill-holter/Holter has long said when the overloaded debt system breaks, it will break “fast and ugly.” “Credit will dry up overnight,” and “The world runs on credit,” according to Holter. His math shows a dark time ahead even for the prepared. Holter explains, “All you have to do is wake up in the morning and read the news, and you know it has gotten worse than the day before. That’s day after day. I have talked about ‘Mad Max’ for several years. When I first started talking about it, I got all kinds of grief, and they called me a nut case. It is certainly looking more and more now as the likely scenario. It just goes back to the West and, including China, it is not in the West, but it too is extremely levered (or indebted). When you over-lever a financial system, you over-lever an economy. At some point, the only thing that can happen is something bad. It’s either default or hyperinflation of the currency to pay the debt back. As far as timing, I would be shocked if we make it through the end of this year and people would still consider the system normal.”
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frostbite
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Post by frostbite on Aug 24, 2022 14:32:44 GMT 10
Holter has no idea what he is talking about. He is either a liar or has no desire to research the topic he claims to know about.
Imo another moron, easily discredited, just trying to milk a few dollars by spreading fear.
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tactile
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Post by tactile on Aug 24, 2022 16:07:53 GMT 10
Precious Metal dealers generally have a vested interest when predicting financial doom. But generally he's right, there's too much debt in our system and it will become a problem eventually. When is difficult to predict.
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frostbite
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Post by frostbite on Aug 24, 2022 16:17:08 GMT 10
I hope he knows more about the financial situation than our gun situation, because he knows nothing about that.
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tactile
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Post by tactile on Aug 24, 2022 16:35:35 GMT 10
I hope he knows more about the financial situation than our gun situation, because he knows nothing about that. Everywhere he says "Australia" you should change to "Victoria".
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frostbite
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Post by frostbite on Aug 24, 2022 16:37:17 GMT 10
Even Victoria has easier gun laws than some parts of the USA.
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bug
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Post by bug on Aug 25, 2022 14:44:35 GMT 10
To state the obvious, Andrews is out of control. Despite his authoritarian government undertaking eye watering debt over dubious infrastructure projects (North East Link and Suburban Rail Loop), he still has an absolute horde of minions who get the good "feels" from him and have become rusted on supporters.
Normally a state government splurge attracts workers to the state, but this has not happened in Victoria. People are leaving, not arriving.
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tactile
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Post by tactile on Aug 25, 2022 16:00:15 GMT 10
To state the obvious, Andrews is out of control. Despite his authoritarian government undertaking eye watering debt over dubious infrastructure projects (North East Link and Suburban Rail Loop), he still has an absolute horde of minions who get the good "feels" from him and have become rusted on supporters. Normally a state government splurge attracts workers to the state, but this has not happened in Victoria. People are leaving, not arriving. The time to do big infrastructure is when interest rates are low. And a lot of Victorians (Melbournians mostly!) would argue that the upgrades he is doing should of been done 20 years ago! I'm not sure how he will go moving forward, I think enthusiasm might be waning...the next election will tell.
People have already left but a lot are trickling back due to poor regional services and lower wages. Better infrastructure (like better public transport) and higher wages will always lure people.
Brisbane gets it...also spending big on infrastructure before the Olympics was announced.
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bug
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Post by bug on Aug 26, 2022 10:29:10 GMT 10
The issue isn't the building of infrastructure, it's the lack of planning resulting in incredibly high costs due to not having freeway/rail reservations, clashes with other projects etc. North East Link is the most expensive road per km in the world. They chose the route based on what Victorian electorates it goes through rather than putting it where the original easement is. Financial carnage ensued. Suburban Rail Loop is even worse. No planning authorities even knew about it. It was an election announcement. The latest estimate is $130bn. It's nuts. Both Infrastructure Victoria and PTV have a list of priority projects that they have assessed, planned and are worth funding. Suburban rail loop isn't on it.
On the interest rates thing, that's often a good time to build, however at the present it is more than offset by the lack of labour available to build this stuff. The government's 'answer' is to bring in more people from overseas. They are tallking over 200,000 per year now. All that's going to do is put us right back where we started in terms of congestion, and with a ballooning debt to boot.
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rastus
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Post by rastus on Aug 27, 2022 9:02:39 GMT 10
Big projects means big kickbacks at every level. That is why so many governments around the world fight tooth and nail for the Olympics when their people don't want them.
As for Dan, well... the Fed Gov had to setup a winch system to pull his snout out of the Chinese Belt and Road initiative, which provide the biggest kickbacks of all. Corrupt pollies all over the 3rd world line up to sell their countries out via BRI, and here was Dan shoulder to shoulder with them, fighting for space at the trough.
Classy.
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bug
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Post by bug on Aug 27, 2022 10:18:18 GMT 10
We're seeing in the Solomon Islands what signing up to the Belt and Road really means. It's all about infrastructure projects with awful loan conditions, that are later used for political leverage when the victim goes broke. Already happened in Sri Lanka. Happening in Pakistan right now. Solomons won't take long.
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frostbite
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Post by frostbite on Aug 27, 2022 11:02:05 GMT 10
Didn't the NT basically sign up to the BRI, leasing Darwin port to the CCP. All because it was in disrepair and the idiot PM of the time wouldn't commit Commonwealth funds to it's repair.
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rastus
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Post by rastus on Oct 21, 2022 16:44:26 GMT 10
news.yahoo.com/empty-shelves-german-supermarkets-resist-131856996.htmlGermany is getting a lesson in ECON101: inflation is caused when the amount of money outstrips the supply of goods. Their supermarkets are trying to resist passing on inflation price rises, but this puts manufacturers in a position where producing goods causes them loss as all their inputs have gone up. So they slow or stop producing goods and this further reduces supply of goods and inflation gets worse. This is the same doom loop that screws over socialist regimes that try to fix everything with price controls... they end up killing productivity and everything gets worse.
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bug
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Post by bug on Oct 22, 2022 8:35:51 GMT 10
Germany is run by a slightly different brand of authoritarian socialist idiots than it used to be, but their core hasn't changed.
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rastus
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Post by rastus on Oct 23, 2022 16:36:17 GMT 10
Is there anyone here who still thinks the Great Reset is a conspiracy theory?
[a href="https://web.archive.org/web/20221021234735/"]Oops[/a]
(Brit conservative MP accidently says the quiet part out loud before deleting it)
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frostbite
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Post by frostbite on Oct 23, 2022 17:33:10 GMT 10
Aus Labor politicians have taken a massive swallow of the Global Reset Kool-aid. Latest decision of theirs is sign up to the 30% reduction in methane emissions, which despite their denials will mean further attacks on our beef producers. Your children will have 2 options in the future: bugs or fake meat.
I'm bringing forward plans to put another cabin on my retreat, because it's looking more likely that my family will end up there and not in micro managed smart cities.
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malewithatail
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Post by malewithatail on Oct 24, 2022 8:06:29 GMT 10
"I'm bringing forward plans to put another cabin on my retreat, because it's looking more likely that my family will end up there and not in micro managed smart cities. "
Already have my sister, her kids, 4 our of our 5 kids, and my mother in law here. 9 of us. All with their own dwellings, water and power systems. My mum says shes too old to move and they will die in their house down south. Their choice.
I don't get out of bed for less than $10,000 a day.
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rastus
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Post by rastus on Oct 25, 2022 16:43:16 GMT 10
The NSW Varroa mite emergency response is kicking up gears. I wonder what the knock-on effect to pollination is going to be with the obliteration of bees in large areas? Always think 3 steps ahead, because the DPI won't. crop bee dependency
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