Comments

1. 

   Paddy Finucane July 28, 2018 at 7:55 am

   Gunna, another fine set of weird and wonderful charts.

   A few questions. First that Australian loans chart has the average mortgage at about 270k, but I thought the average mortgage figure in Oz was maybe 100k more than that. Given Australian dwelling prices I wouldn’t have thought 270k would buy much.

   Second, the chart on the gun deaths and crack in the US. Is that telling me that the bulge in gun deaths was caused by the arrival of crack?

   The the Russia Norway external assets chart. Wasnt it you who told me Russia was unusual in having large volumes of offshore assets, or did I miss something there?

   And finally that last chart is very depressing. It is telling me (I know you have always said this) that Australia’s media is more concentrated and less diverse, than Russia’s. That is really depressing. How do Joe Sixpack Australians get their information about the rest of the world?

   and greetings again from StP. The track in mid summer is ultra quick

   • 

     nyleta July 28, 2018 at 8:41 am

     There a quite a few mortgages kept alive in Australia on paid off homes to save the application fees and process if they ever want to borrow out of their homes. This also makes average LVR’s look better than they really are…hard to get any figures on this.

     I consider this risky in the current environment as the bank still has title and your paid off home could get caught up in any bail out sheme

   • 

     GunnamattaMEMBER July 28, 2018 at 10:56 am

     Paddy my comments about offshore assets and Russia is that it is the Russian financial system which has (or had) a very significant volume of offshore assets. That was circa 2012-14, and for sure would have been reduced due to financial sanctions and the de dollarisation of the system. But as of recent times I would still say that unlike for example China (where the financial system has maybe 3-5% of its assets offshore) the Russian system would be down from a peak of maybe around 18-20% to maybe 10-12%.

     You have clearly got my idea about Russia and Australia’s media scenes. Russia’s is far more diverse and vibrant.

     Your take on the crack and gun deaths is the same as mine (I was a bit shocked), and I am not 100% sure on that mortgage chart but I have regularly seen other charts (and probably posted them) positing that the average mortgage in Australia is a tad under 400k.

   • 

     Super Phoenix July 28, 2018 at 11:59 am

     The Russia Norway external assets chart is measured in fractions of national income. So if Russia has a massive denominator the percentage will appear small.

2. 

   Super Phoenix July 28, 2018 at 11:52 am

   Thanks Gunna.

   I think the worst of SLX is behind it. SLX will receive USD$5m in IQE shares in 7 weeks, which together with the existing holding will generate dividend streams. The IQE royalty payments won’t be too far away either.

   I wish MG had offered Global X to buy their 13.5m shares at 19c each, but it didn’t materialize.

3. 

   mike mb July 28, 2018 at 1:33 pm

   Gunnamatta, Leith, MB readers.
   Firstly these charts are always interesting, particularly the USA, Asia & other global perspectives.

   Re Chart 2 – the explosion in foreign student graduates visas. This is just a small part of the explosive growth in in foreign migrant temporary visas onshore.

   The Turnbull Government & others go to great lengths to mask or downplay the number of Temporary Visa holders & illegally working Tourists, with disinformation, partial reporting or trying to shift the debate to fractional visa categories (457 etc) or now a small reduction in PR as ‘proof’ they are doing something.
   .
   But the facts are the overall foreign guestworkers numbers inshore are increasing rapidly – via Temporary Resident Visa (TR) & Tourist Working Illegaly (TWI) numbers.

   For example we often see that there is only 350,000 on ‘international student visas’ in Govt or media information.
   That is often a deliberate lie by omission, not revealing all the visa categories & partners in the foreign student intake.

   There are 624,000 foreign students / partners, incl work rights & visa category detail is below.
   We also see little factual Government or media reporting on the Tourist Working Illegally (TWI) yet they have exploded in these migrant guestworkers onshore in both numbers & impacts.

   624,000 foreign students onshore.

   1. International student visas
   Primary Holder 454,962
   Secondary Holder 56,830
   Total onshore in this visa 511,792
   22,941 or only 5% -of the 454,962 are doing university higher level studies.

   485 Visa (post grad full work rights)
   Primary 41,498
   Secondary 12,084
   Total 53,583
   Many changed their visa category from student visa to 485 to continue their study with full work rights including partners. This is often a 4 + 4 year stay.

   Then add on 58,266 foreign migrants as ‘international students’ who are on other visa categories (visitor, bridging, special purpose, DFAT & other visa).

   The total is 624,000 – reconciling with the Australian Dept Education numbers.

   https://internationaleducation.gov.au/research/International-Student-Data/Documents/MONTHLY%20SUMMARIES/2017/Dec%202017%20MonthlyInfographic.pdf

   Country of origin & skills.
   93% are of third world origin and unskilled. The intake is primarily Chinese, Indian, North & East Asian, Nepalese, Pakistani, Middle East, Brazilian.

   The majority as international students are are doing very low level English (ELT) or (VET) as diplomas & certificates. Or else non specialist entry level & segregated university courses.
   Much of which is available in their home country, or online for free.

   OECD benchmark compare.
   Only 5% or 32,000 of the 624,000 onshore would be considered as ‘international students’ in most other OECD countries.

   Skills & economic contribution.
   The pass rate for an ‘international student’ into a high income professional vocation in their home country or Australia was 3.6%. (Migrant Pathways A Decade On : 2016).

   ➡️Fact : 96% of foreign international students fail to add a unique or highly qualified skill or a high income productivity value to our economy in contribution.
   The ABS 2016 data also confirms this. (Migrant pathways & employment 2016 report)

   The PR migrant intake, a very large proportion being TR foreign students’ continue to have higher unemployment, lower incomes & a lower professional status than the Australian born average a decade on.

   The entire foreign student program is riddled top to bottom with foreign criminals & the education industry in migrant fraud, organised crime and racketeering.

   “Oh – but it’s a $28 billion ‘export industry”..you will say.
   Far from it.
   The entire TR Visa intake, including foreign students only bring in $4.5 billion of mostly self declared funds (ABF) and that’s often faked.
   The foreign students form a collective $30 billion underground illegally working sub economy of unskilled migrant guestworkers.
   They only pay $7.8 billion in fees FROM MONEY EARNED HERE, and consume & occupy some 150,000 ex Australian dwellings in migrant sub let slum share in MONEY EARNED HERE.
   They then xfer or send back some $8 billion in Agent Procurer debt repayments of money back to their third world families. FROM MONEY EARNED HERE.
   Negative GDP contribution, plus billions then being spent on Australian unemployed and homeless impacts.
   The foreign students are almost all third world poor migrants / using a student visa alibi to work illegally, secure the PR and to then bring in the rest of their third world burden.
   Most are doing nonsense courses with no international recognition or professional vocation employment outcome. 96% fail to ever get a high income professional vocation in either Australia or their home country exposing what a farce it is.

   After a good cleanup / that leaves about 33,000 genuine fully funded post grad OECD level foreign international students.
   That’s the correction needed.

   🔹Another headline correction on the migrant topic if I may.

   It is the TR & Tourist Visa illegals that are by far the largest impact to Australian society.

   We now have 2.7 million third world unskilled migrants now onshore in Australia on Temporary Visas (TR) or illegally working tourist visas (TWI).

   ➡️That is now onshore and equal to 16 years worth of the current Australian migrant PR intake..

   That 2.7 million TR & TWI number far exceeds the entire last decade of PR intake which was 1.9 million.

   It’s a massive double up plus some, (140% in fact) of additional third world unskilled.

   The grand total combined being some 4.6 million migrants now here onshore & mostly third world unskilled.
   Of which 58% are Temporary Visa or Tourist Visa working illegally !
   86% or more concentration in Sydney or Melbourne.
   Long stay, repeat stay, visa churn & extension & overstay.

   County of origin TR & TVWI.

   • 2.2 million Temporary Visas (DHA July 2018), mostly Chinese then Indian, South & north Asian, Middle East.
   • 440k illegally working Tourist Visas (5% of the 8.8 million tourist visitors – (ABF / DHA parliamentary committee report) mostly Chinese, North & South Asian, Indian, Nepalese, Middle East etc.
   55k overstayers.
   =>2.7 million – 80% are unskilled & third world origin.
   On a wide range of visa pretexts & alibis – as ‘students’’ visitors’, ‘Non NZ born Chinese & Indians coming in via the NZ SCV backdoor (quarter of a million alone), ‘visitors’, illegally working Tourists’ & other visa alibis.

   City Concentration.

   2.2 million Temporary Visa holders (July 2018) with the majority being third world & unskilled.
   1.2 TR million now reside in Sydney.
   0.8 million TR are in Melbourne.
   0.2 million TR elsewhere.

   1.9 million PR & citizen grants in the last decade – also mostly third world unskilled migrants.
   0.9 million PR are in Sydney.
   0.7 million PR are in Melbourne.
   0.3 million are elsewhere. (ABS / DHA 2018)

   440,000 illegally working third world Tourist visitors (ABF est to parliamentary committee 2016 – 5% of the 8.8 million ‘tourist arrivals enter to work illegally) mostly unskilled Chinese, Indian or South East Asian.
   220,00 of these tourist illegals reside in Sydney.
   190,000 in Melbourne.
   50,000 elsewhere.

   55,000 overstayers, also highly concentrated in the third world migrant slum enclaves of
   Sydney (20,000)
   Melbourne (15,000)
   the rest elsewhere. (DHA 2017).

   ➡️The Sydney number of third world unskilled migrant intake is 2.34 million.
   That is 45% of Sydney’s pop of 5.2 million (ABS estimates July 2018) and nearly every 2nd person.
   ➡️A global record.

   The 1.2 million TR migrants alone in Sydney are 23% or nearly 1 in every 4 people in Sydney.

   0.9 mil PR in Sydney are is 17% of the Sydney Population, or 1 in every 6 people.

   And 0.22 million TV working illegally & 20k overstayers are 1 in every 22 people.

   Slightly lower figures & similar ratios for Melbourne.

   All the 2.7 million third world unskilled migrant guestworkers (TR & TVWI) are long stay, very long stay, or repeat & multiple visit.

   They work illegally, paying little or no tax.
   They are the epicentre of foreign criminal run illicit & blackmarket activity.
   They steal Australian jobs (the only reason they are here), and they occupy housing – some 440,000 dwellings nationally. (2.7 million / 6 average migrant guestworker occupants = 450,000 ex Australian dwellings now converted to TR & TVWI migrant guestworkers occupancy.
   Over a quarter of a million dwellings in Sydney alone in migrant sublet cash in hand bunk & mattess share.
   They use public transport, have cars, create congestion and contention. They have debased education, services, living standards, employment, wages, ownership & just about every other facet of our society and living standards.
   The 2.7 million TR & TVWI migrant guestworkers are a massive financial & social impact.

   The ‘migration debate’ needs to shift to the facts and in deal with what needs to be exited.

   ➡️At least 1.5 million TR & TVWI should & can be rapidly exited either on visa breach or not suitable.

   🔻440,000 illegally working tourists exited.
   🔻580,000 of 624,000 fake students & partners to go. It’s corrupted top to bottom, normalise to OECD levels.
   🔻230,000 non NZ born SCV of the 650,000 NZ SCV
   (Aust / NZ SCV being only for NZ or Aust Born).
   🔻250,000 ‘skilled, sponsor, bridging, protection’ fakes

   And a Royal Commission into our entire border control & visa enforcement & then repair.

   • 

     Mining BoganMEMBER July 28, 2018 at 1:46 pm

     You know, you’d think at least one of the many ‘journos’ who obviously come in here for a squizz would grab this stuff and make a name for themselves.

     But alas it’s like the ABC guy said yesterday, they’re not there to report facts, they’re there to report what they think is newsworthy. Obviously Ping Pong the Panda Bear not being able to get it on with his new missus Bailin is far more newsworthy than the complete and utter destruction of society.

     Arsehats.

     • 

       fitzroyMEMBER July 28, 2018 at 2:19 pm

       thanks Mike

     • 

       jimbo July 28, 2018 at 7:01 pm

       Bolt likes to call out the lies.
       https://www.heraldsun.com.au/blogs/andrew-bolt/turnbull-exposed-on-immigration-262000-come/news-story/336564bf56ccca83d17c7f41f069be07

     • 

       haroldusMEMBER July 30, 2018 at 8:29 am

       Panda you say?

4. 

   fitzroyMEMBER July 28, 2018 at 2:19 pm

   Thanks Gunna

5. 

   TailorTrashMEMBER July 28, 2018 at 8:22 pm

   As usual great stuff Gunna …….that Norwegian Sovereign fund return is pretty impressive ….need to get it next to strayas for a Squiz comparison
   …….love the number of years it took took 50 million users to get on to porn hub……….what % of the world are friends of Reusa ?

6. 

   Researchtime July 30, 2018 at 1:00 am

   Great collection as always – the coal generation diagram looks wrong, and contradicts actual consumption number. A reference would have been good…

   • 

     GunnamattaMEMBER July 30, 2018 at 5:46 am

     Sorry chief, normally I try and make sure there is some sort of reference. That one came via ‘Natural Gas World’ but my only access to the site is through a citrix system which is not currently working due to some sort of system upgrade (people I do work for in the UK).

     Thanks for your supportive comments vis the charts. They will be out for a couple of weeks at least. I need to be in Canberra late next week and late the week after.