Sunday Supplement: 31 May, 2020

 

Albert Tucker, ‘Image of modern evil’, 1945, National Gallery of Victoria

 

 

Macro & Markets

 Americas

Asia

Europe

Terra Specufestorus

…and furthermore…

Comments

  1. Anyone else seen the latest video? 3 cops kneeling on him as he screeches ‘please sir I can’t breathe’. Truly shocking.

    Won’t post it here, I could vomit.

    Murder in the first degree x 3.
    Life sentences.
    No parole.

    • This is why a jury is more than 12 men – to stop emotional individuals handing out emotional verdicts.
      First degree murder requires intent.
      Two of the officers you reference were engaged in crowd control and not even touching the victim – or even being able to give him a great deal of visual attention engaged as they were in their duties with the crowd – don’t know how you get intent from that.

      The cop that was restraining the victim on the ground had also just endured the victim’s assault and resist of his arrest and was attempting to subdue and calm him. Excessively? Yes. Callously and with disregard for the victim’s well-being? Yes.
      Appropriate for charges and an investigation? Yes.
      Proof of intent to kill? No.
      Also note the autopsy of the victim did not show death by strangulation.
      It was a contributing factor, not the only factor.
      If those facts need to be questioned then let the investigation do so, but before jumping to conclusions let them run their course first.
      “Hyping up” these events just leads to more injustices, including additional (innocent) people murdered during the riots.

      • The autopsy shows heart disease as the cause of death, and inadvertently, the USA as a failed state. A 24 carat, solid-gold s-show. Collapsing at a historic pace.

        I watched a video (one of)

        Three (3) of them kneeling on him.

        He’s begging for his life as they squeeze the pi$$ out of him and it trickles into the gutter.

        Murder.
        Murder with absolute intent.
        Murder in the first.
        Guilty as F.

        And 20 years for those standing around doing nothing.

        There. Is. More. Than. One. Video.

      • Restraining cop had just endured assault by George Floyd. Fake news by you Luke Hulm.

      • GunnamattaMEMBER

        Watch the video here dude

        https://www.washingtonpost.com/nation/2020/05/30/video-timeline-george-floyd-death/?arc404=true

        The simple – and observable – fact of the matter is that a man initially suspected of being involved in a non violent crime has died as a result of a knee being applied to his neck for about 8 minutes.

        He had already been taken from his car and been sat with his hands cuffed on the path for a period of time, and was being taken to another car. While things may have been escalated near the other car (at remote range from the camera) into greater resistance of his arrest, whatever has unfolded there has unfolded with the guys hands cuffed behind his back,.and at least four police officers in direct contact with the guy.

        If that is due process anywhere – and I am aware it is not far off due process across much of contemporary United States, and that a like event involving violence and the potential death of the arrested person, particularly if black or hispanic, is a regular enough occurrence in many places in the United States, that it would barely attract much comment – then you have an insight into an America where:-

        1. A very large section of society in many locations (towns, cities, counties, even States) do not believe their interests are served by by the policing they are most in contact with, and that coming into contact with that policing poses a direct threat to their lives..

        If you are a member of a section of society where you believe the policing poses a direct direct threat to your life then your choice for redress of the legal basis for the threat to you, and the only legal avenue to try and change the culture and behaviours of the organisation which poses a threat to you, is though a political process which prioritises interests other than yours. At this point the question would logically, plausibly, run to ‘should we look at another way of advancing our representational interests?’

        Noting that in the US there is considerable scope to bear arms the thing which amazes me is that the black community (in particular) hasnt yet resorted to armed insurrection……I dont think they will get a reasonable outcome from the political process, and I dont think the policing discrimination they face will disappear without them doing something.

        From there lets move to a comparison between the events in the US and the response to pro democracy demonstrators in Hong Kong. If those political figures and police are observing the events in the US, then they will presumably arrive at some point at a line of thinking ‘We get slagged off for treating our protestors with a physical and violent response to protest, yet in the US we have people being head kneeled for 8 minutes for sitting in a car writing out dud cheques’ and then subsequently coming to the thought ‘Ignore that criticism, those guys criticising us are complete frauds’.

          • GunnamattaMEMBER

            Where does one begin? I agree with Trump the only reason CNN is touting Russia (to the extent it is, which I suspect not much) is to avoid comparison with China. Apart from being a similar line to Putin’s mantra for a generation of ‘Western Democracy is sometimes bullshit, and is more likely to be bullshit for those down the socio-economic food chain’ I dont think Russia has anything to do with what is happening (again) in the US right now.

            As we have seen with countless experiences of police violence and countless race riots in numerous locations around the US, it is a long standing organisational and cultural expression of US policing over a long period of time. In many respects the US has many socio-economic features to admire. It’s nexus between policing, social segregation and economic opportunity, and legislative approaches to changing the dynamics of the nexus over a long period of time are something they could do better.

    • drsmithyMEMBER

      Murder in the first degree x 3.

      First degree murder requires premeditation.

      Now if they find these guys have a bunch of emails or text messages or whatever about ‘going out today to kill a n1gg3r’, then first degree is on the table, otherwise it’ll be third, or maybe second.

      Unfortunately in reality the one bloke will probably get charged with manslaughter and *might* get convicted.

      That aside, carry on.

      • Derek Chauvin knew the victim 17 years. They previously worked together as bouncers.

        But sure, why not, maybe this was all just a misunderstanding.

        • Unfortunately, the other officers could try to use this as part of their defence – claim that it was one man, acting on a personal vendetta. They will probably bring a motion for severance so the two cases would be tried separately and they can tell two different stories to two different juries.

        • drsmithyMEMBER

          Derek Chauvin knew the victim 17 years. They previously worked together as bouncers.

          Didn’t know that, but unlikely to change the situation.

          But sure, why not, maybe this was all just a misunderstanding.

          Yeah… GFY.

    • I watched the videos.

      If you are ever put in the unfortunate situation of being prevented from breathing, you will understand that this man was putting on an act. When a human is genuinely being prevented from breathing they will struggle extremely violently and expend immense energy for dear life. You don’t care if there’s a threat of being shot if you can’t breathe.. you’ll do everything in your power to get out of the predicament.

      His cause of death was heart failure. Not choking. Not strangulation. He was resisting arrest and posing a threat and needed to be subdued.

      Its a scientific fact that chronic methamphetamine use does severe irreversible damage to the heart and cardiovascular system. Heart attacks and heart disease are common in 40s people with a history of chronic methamphetamine use

      Perhaps if this man made better choices in life such as avoiding drug use and not resisting arrest, he’d still be alive.

        • Blottridesagain

          Yep! Why wait for an ME report. Someone get a rope and we’ll hang the b…rd right now. Then we can get on with destroying more businesses and homes that belong to poor ba…rd trying to make a living.

        • Arrest Chinese Supremacists

          He did go into the store and try to steal using counterfeit money.

      • desmodromicMEMBER

        Les, and perhaps if they’d showed him some respect in spite of his failings or skin colour America wouldn’t be burning. It is not the role of police to prosecute their prejudices. All police forces do to some degree but there comes a point the police are the problem not the solution. America is far past that point as far as many black folk are concerned.

        Les, you have form this weekend.

        • ErmingtonPlumbingMEMBER

          The Plutocratic oligharchy that benefits most from Americas brutal police state like “Justice system” wants you to believe its all about Race Des but its not. We are witnessing a straingt up Class war starting to unfold in the US but the establishment media dare not speak of this fact, instead they will attempt tomake it ALL about Race.
          Sure a bunch of white working class cops, employed by the state, killing a working class black man is what triggered these riots,…but it is the injustice of the grinding poverty and inequality, within the wealthiest country the world has ever seen!, that is the fule that drives them.
          The thing is as long as the Narrative is solely about Race the establishment (and the inequality they prefer) is under no real threat and they can just, every now and then, throw a few working class coppers under the bus, heck why not even sack all the white cops and just employ only black ones (dont know if thatd be fair to latinos and Asians but their pretty white too I suppose) either way the Race of the coppers is pretty irrelevant really when their Job is to enforce a US version of “Mertiocracy” and the concentration of wealth that it will always produce.
          Going by the emotional focus of responsibility leveled by Ortaga I suspect the Plutocratic Oligharchy within the United states will prevale.
          But it would be nice to see some real working class Solidarity develope out of this Covid/race riots thing being played out and have it develope into something that actually is capable of challenging US plutocracy.
          Ive got my fingers crossed.

          • Chairman MeowMEMBER

            Not outright blaming African Americans for their situation this morning Ermo? I’ve seen your form before

          • Chairman MeowMEMBER

            Long time reader, rare commenter. I’ve seen your form over the years, thats what your talk about “making it all about race” is about, the footage is too graphic for you to outright come out and say it but in a few months when/if nothings happened you can blame the African/Americans for “making it all about race”.

          • reusachtigeMEMBER

            ^^ Yeah, the ones I hate the most are the Melbourne ones! They are scum. I read it here!!

          • ErmingtonPlumbingMEMBER

            Actually mr Meow the people I find most inclined to “Make it all about Race” are amoung the most privilaged white people I know who make no attempt to conceal their contempt for the Working Class which they never admitt to themselves includes most POC, women and the GLBTI.
            Your full of it and clearly one of “Them” Meow

          • ‘but it is the injustice of the grinding poverty and inequality, within the wealthiest country the world has ever seen!, that is the fule that drives them’.

            Spot on. This goes way beyond police brutality and there are plenty of white Americans getting involved too. How long can the world go on watching Governments and Reserve Banks pump money directly into the pockets of elites whilst people supposedly living in the first world can’t eat or get basic health care? Ray Dalio’s warnings last year are starting to play out.

          • working class hamMEMBER

            Had a similar conversation with the missus this morning.
            If only the working poor of the world realised that this style of rioting can’t be ignored. Even with all of the guns in the world, if the majority of the population wants change it will happen.
            Unfortunately Aust Govt has got enough of the population hooked on middle class welfare that this has no chance of inducing any change in our society.

          • drsmithyMEMBER

            Actually mr Meow the people I find most inclined to “Make it all about Race” are amoung the most privilaged white people I know who make no attempt to conceal their contempt for the Working Class which they never admitt to themselves includes most POC, women and the GLBTI.

            Almost inevitably, when someone rolls out the phrase “it’s all about race”, they’re trying to use a straw man, non-sequitur, or other fallacy, to deflect discussion away from the mere possibility of having to agree that it might be even just a little bit about race (or other forms of discrimination, the same thing happens on a multitude of topics).

          • Stewie GriffinMEMBER

            Almost inevitably, when someone rolls out the phrase “it’s all about race”, they’re trying to use a straw man, non-sequitur, or other fallacy, to deflect discussion away from the mere possibility of having to agree that it might be even just a little bit about race (or other forms of discrimination, the same thing happens on a multitude of topics

            The only !diots who are bigger than someone who rolls out the phrase “It’s all about race.” are the bigger !diots who are trying to build an even bigger straw man by denying that racial differences have absolutely nothing to do with it.

            Median IQ is the biggest determinate of an individuals success or failure in society, because IQ essentially means how easy you find it to solve problems.

            The median IQ of the average White American is 100. The median IQ of the average African American is 86 – this means that on a normally distributed bell curve the average White American is better at solving the problems life throws at them than 84% of all African Americans.

        • Blottridesagain

          Lucky these riots aren’t as bad as when a black Somali Muslim policeman shot Justine Diamond in 2017!!!!! And those riots went on for the 3.5 months that it took to issue a warrant. Then they burned the city for another 6 months till the trial.

      • Arthur Schopenhauer

        The ‘Royal Commission into Black Deaths in Custody’ had a slew of police officers that shared Les’s views. Most of them were from Queensland and Western Australia.
        They had similar views on the deaths of handcuffed people in their custody.
        God bless your soul Les.

        • Omg Arthur

          Your and your white male shame

          (Just kidding – share your POV )

      • Yes, I agree with you in the sense that this argument would be presented in court and would likely prevent a conviction on the hypothetical charge of 2nd Degree Murder.

        • BigDuke6MEMBER

          Well said. But he’s an expert on strangulation… must be all the 50 shades of gray

      • billygoatMEMBER

        @Les perhaps more F ache news.
        Every chance victim A grade cry $i$ actwhore peddling fear & race hate at any already con fused society.

    • All officers involved will be found not guilty and cleared of all charges.
      Likely wont get job back though.

      • happy valleyMEMBER

        +1 Could always become security guards or join the Secret Service? Pass the popcorn?

    • this is not first degree murder, this is much worse …
      first degree murder is a crime where a person commits it with full awareness of legal and moral consequences of that act
      this/these police officer(s) committed this crime while thinking they have full legal and moral right to do so

      in this sense, this is much closer to crime against humanity than first degree murder because it’s a part of a widespread and systematic attack directed against an identifiable part of a civilian population.

      • Holy schnikies

        I can’t figure you out !

        This post though is a zinger !

        Truth to power homie !

        Word

      • Stewie GriffinMEMBER

        Those cops weren’t racist – they cop who had is knee on the poor fella’s neck was white, but his partner was Asian, and some of the cops who turned up later to control the crowd were back.

        The cops weren’t racist, they were DUMB and poorly trained.

        Does anyone here care to speculate on why the majority of cops in these liberal cities are dumb?

        Because thanks to all the New Elite liberal politicians who have enacted laws like “Theft of anything less than $1000 = just a misdemeanor) the Smart Professional police officers have generally gotten sick of arresting criminals and then seeing them instantly released because of their lack of privilege, and have packed their families up and simply moved away…. which is EXACTLY what anyone with any brains will be doing in these cities…. but hey, without their racism I’m sure these places will only become more diverse and even better places to live.

          • Stewie GriffinMEMBER

            Straight from the horses mouth, so to speak:

            “J3ws are not white. People who try to argue otherwise are not only abrogating history and denying our people’s authentic identity, they are in fact (even if unintentionally) also practicing a form of Western imperialism, as nobody has the right to superimpose an artificial Western identity on a people with an ancient Middle Eastern-tribal identity.”

            https://blogs.timesofisrael.com/ashkenazi-j e ws-are-not-white-response-to-haaretz-article/
            (remove the spaces in the key word above for the link to work)

            The issue is they repeatedly claim to be white when they wish to throw stones and criticise white society, yet they are J3wish whenever they wish to claim solidarity with a minority or stand aside from criticism.

            There was a meme for a while on twitter before the scrubbed the internet clean of it, of thousands of J3ws tweeting their criticisms of “Fellow White people we are [insert, Evil, Rac!st, Colonisers, etc, etc, etc] but usually once you start searching their tweets, which lots of people who started to noticed and grew tired of their vitue signalling discovered, when confronted by a minority over some supposed ‘white transgression’ they would reply and go “But I’m not white, I’m J3wish”.

            The meme was so successful normies were starting to notice their extreme two facedness and they have quite literally been scrubbed from the internet.

            Google “Fellow White People” and you may find a couple remnants, but I no longer could.

            PS: Watch the black fellas video again – a sense of outraged entitlement and a willingness to use manufactured injustice as both a sword and shield, it is the modis operandi of this cultural group.

        • I’ve zero police training and I’m pretty sure if I had someone handcuffed and had 4 colleagues I wouldn’t need to kneel on someone’s neck for 8 minutes whilst they’re telling me they can’t breathe

          That’s not training

          It’s something else

          I’ll let other speculate on what that is

          • Stewie GriffinMEMBER

            Annoyingly Spambot settings have been set to 11 against my account and everything I post disappears or is identified as spam * 2 if there is a link in it.

            I will just re-point your to the above link and say fact is liberal revolving door justice system policies in these cities, combined with the same sort of blind woke belief that the sort of realities that I’ve spoken in the threads above don’t exist, have contributed just as much to this issue as any supposed ‘institutional ‘rac!sm’.

            To them all of these social issues are 100% a result of power dynamics instead of innate behavioral and cultural differences, (or most likely a combination of both), and the resulting disillusionment has driven most of the professional, more highly trained cops out of the force, leaving just poorly trained bozos doing a nine to five and not giving a F about anyone… which is why they were just as likely to cause the death of a white guy (which they did) as a black fella.

          • Stewie GriffinMEMBER

            BTW – the same dynamic is in other police forces throughout the West. Increasingly the only ones remaining coppers are DAF power tripping front line cops who see every encounter as a problem, and a bunch of ineffective virtue signalling coppers who have hitched their career to the new woke zeitgeist in order for their own personal advancement.

            Just look at the UK police force. Effective law and order policing have been driven out, leaving behind a force more intent on enforcing social media hurty word laws than investigating true crime, especially if they may be problematic for the MultiCult social policy that the Cathederal has so heavily invested in… like the r ape and grooming of thousands of white lower class girls by Pakistan gangs.

    • Paging kodiak

      Fake news

      (/sarc it’s so sad . Imagine his fear as his life drains away . Why can’t we just be nice . But then, I’m a strange cat evidently )

  2. On a more positive note, gardening. Installed some planter boxes today. Now to fill them with gravel and fertile dirt.
    https://imgur.com/a/gzgxSfP
    I’ll be growing herbs in no time, just like Uncle Haroldus. 🙂

    • darklydrawlMEMBER

      Whislt on gardening updates: Mushrooms are sprouting nicely. – Thanks Haroldus for the advice on setting this set up.

        • darklydrawlMEMBER

          I asked Haroldus about this and he sent me a link and some details. I ordered a box of button mushrooms from the site he suggested: https://www.petandgarden.com.au/192-mushroom-growing-kits.

          They were delivered quickly (within 48 hours, despite using the cheapest courier option). What you get is a box circa 300 mm x 400 mm. It doesn’t weight much as it it mostly contains the substrate (which looks like straw compost) that has the mushroom spoor in it and a sealed bag of peat ‘topsoil’.

          When you open the box – If the substrate looks white (almost like a frost at dawn) then you open the peat bag and layer it evenly on top and then use a spray water bottle to damp down the peat and keep it moist each day. You need to keep the box somewhere dark and chilly – often a wardrode in a unheated spare room or a cold dark garage will work fine. Make sure you keep it damp by spraying it each day or so and after a couple of weeks you will see little white bulbs appearing in the peat and the mushrooms grow bigger until you pluck them out.

          If the substrate is not white when it arrives, just pack up the box ‘as is’ and leave it in a cool and dark place for another week and check it again.

          I found this basic video helpful.
          https://www.youtube.com/watch?v=gfpaPkU34fg&feature=emb_logo

          You should give it a go. It is not difficult at all.

        • ErmingtonPlumbingMEMBER

          I would never let my kids eat mushrooms grown by Harry.
          Though I wouldnt mind getting some for my self.
          Maybe Harry should supply them for this years Macrobusiness.com.au Christmass Party

        • darklydrawlMEMBER

          Haha.. Now that would make things interesting. Not sure how productive working from home would become though!

          • darklydrawlMEMBER

            I would be a fan. I have looked into this before. Although making your mix from home grown mushies would be a dark art I reckon. Might take a few lost days before you got the dosage useful. Overall I can see the benefits of microdosing.

      • Im mushrooming today near Bowral… looking for pine mushrooms and slippery jacks. Been lots of rain so hopefully we will find plenty

        • boomengineeringMEMBER

          MUSHROOMS.
          I have a giant one growing below my rib cage.
          Bedugl, do you know John from The Fixed Wheel. We used to cycle together and the cessation of cycling is the compost feeding the said mushroom.

        • No, dont know them. I cycled when I lived in Japan about 10 years ago, but havent cycled at all since i’ve been back

          • boomengineeringMEMBER

            He owns The Fixed Wheel in Bowal. Three of us were riding when Jarrah and I got hit by a car. Two weeks later John got got hit by a 4 ton wood chipper. The only part left of his $25K Cervelo was one brake caliper..

    • Hey Gav, before you do that you might want to watch this
      https://www.youtube.com/watch?v=3O2qCQU7Cac
      It’s a really good channel. Putting wood, instead of gravel in the bottom of your raised beds may be an option to consider. He has a few other videos about this, including one recently where he dug down into a bed 4 years later to show how much the wood had decomposed.

      • We put a whole lot of fruit tree cuttings through the mulched, and dug them into an area that was mostly sand( an old sandpit actually, although our soil is really sandy).
        Twelve months later it is fabulous soil- being planted out with strawberries.

    • DominicMEMBER

      Just don’t buy any soil from Bunnings if ‘fertile’ is a must. Your plants would have a better chance in cement.

      • Banana ManMEMBER

        Searles premium potting mix is available at bunnings and would recommend its use

    • Yes, funny man is Carell. Netflix seems to have a bit more to keep me going on it lately…

      Similar vein, check out the replay of the spacex launch from about 30 mins ago – still some gems left in America – despite its failings.

    • [email protected] we watched 3 eps yesterday. That $1000 button cover was great. Especially when malkovich takes off cover to press when carells holds a press conference about it

    • Cannot. Stand. Malkovich.

      Was expecting more from this

      He was better in the morning show. That shizzle was fo rizzle

  3. It looks like the greatest achievement of science and technology in 2020 is to repeat something done 328 times over the last 6 decades

    • I’ve actually had enough of post-modern devolution for one weekend, thanks.

    • Don’t you get it? It’s just males reasserting their misogyny by forcefully penetrating the Atmosphere with their p3nis shaped rocket.

      To be fair, at least it’s getting done, and I imagine the technical elements have progressed immensly. And in the scale of human existence, 6 decades isn’t very long. At some point in history it probably took us 100 years to go from a square axe-head to a slightly pointier one. For all our supposed intellectual prowess, the path of innovation tends to be slow, iterative, often broken and subject to chance….kind of like you’d expect from hairless apes.

    • Blottridesagain

      Nah! We only need the ABC and the Guardian in here. No point in reading anything else.

  4. Banana ManMEMBER

    Wondering about international tourism. What are peoples thoughts? It seemed like ccp tourists were the lifeblood of the industry, even though they shopped in their own stores and used their own tour bus. From what I gather, traveling in Aus was a bit of a I’ve done it/I want to do it bucket list type thing. Seeing the Japanese disappear around mid 90’s was abrupt. I just wonder whether global austerity will be conducive to travel for many…?

    • darklydrawlMEMBER

      Taiwan seemed to have transitioned from relying mostly on (mainland) Chinese tourists to have a more diverse tourist base. Might be worth looking how they managed that.

      • A lot of industries in Australia are incapable of diversifying and adjusting, they’re too hooked on the instant hits of mass immigration or live human exports from other countries that we call tourism to rapidly adjust to changing circumstances. We’re so fvcken dumb.

      • Shhhh, not too loud, it’s winter and giving our pollie mates ideas like that could see them taking sudden study tours complete with travel allowances and all.

      • MMT is only a description of what a autonomous monetary sovereigns accounting is/offers Gav, contra to ideological offerings of the ex ante puppetry school of methodology E.g. MMT has been in use for decades, how its administered and why is a completely different topic.

        In my case I argue for a JG to replace NARIU as both a floor to a living wage and buffer stock rather than monetary IR whispers and then people can choose between the public and private sector.

        I would refer too an old conversation between Greenspan and Rep Pual Ryan.

        https://twitter.com/StephanieKelton/status/1264592992750448645

      • PaperRooDogMEMBER

        It’s probably our best chance, strangely. (I’m talking about increased money supply limited by eg employment level, as per actual MMT advocates not the corrupted definition ie “unlimited money printing” that most people believe MMT is about)

    • Arthur Schopenhauer

      Great link Skip.
      “In Germany, the unemployment rate has gone up by one percent. In the U.S., the unemployment rate has gone from 4 percent to 20 percent (correctly measured) in two months. We lost 30 million jobs. Germany lost 200,000. Why is that the case? You have different economic institutions. Workers sit on the boards of German companies. So you share the costs of the shock between the workers, the firms, and the government.”
      Interesting to read in the context of LNP IR reform. It looks like the LNP are proposing to do the exact opposite of Roubini’s reforms.

      • DominicMEMBER

        I think you should also take into account cultural approaches — the Yanks have always favoured more dynamic, more fluid workplace arrangements. There, losing your job isn’t the shock that it might be in a place like Germany where there’s a greater expectation of job stability. In Japan it is almost unheard of to sack staff – it brings shame on a company. They just carry the dead wood and make do. The problem with environments like that is that good people who want to get ahead, get promoted quickly etc find it extremely difficult – they have to plod along and wait their turn. By the time you’ve served 40yrs you should find yourself in the executive suite – if you’re half competent. I’m sure there are exceptions, but cultural mores play a big role there.

        And don’t be deceived by Germany’s apparent economic success — they have ridden the Euro wave to the peak and are now staring over the precipice (I believe they are in recession – low unemployment notwithstanding). Prior to joining the Euro (where they benefitted from a grossly undervalued currency) their economy was moribund. China going ahead was another factor that boosted Germany, so the future is not looking too bright for them at this point. The real engine for Germany’s economy has always been the Mittelstand — the SMEs, mostly privately owned and run fairly efficiently, for the most part, also less affected by onerous labor regulations. It is telling that a massive company like VW tried to diddle the emissions rules — potentially speaks to cost/performance pressures within an organisation you would assume has a massive R&D budget.

        Anyway, as economic woes increase, each country will need to work out what the right balance is vis-à-vis workplace protections, because if they’re deemed too onerous to allow companies to thrive they will be amended accordingly. The laws of economics will see to that.

        • PaperRooDogMEMBER

          Yes, and why does Germany have such a strong SME sector? It’s their banking system, I think, as per Richard Werne, maybe if Australia dissolved our big banks into sevral hundred small ones the Aussie economy would be similarly strong. That said, Germany is 2nd worst mercantilest country after China on the planet.

          https://www.youtube.com/watch?v=IzE038REw2k

          • DominicMEMBER

            Not so sure about the banking system angle there – I mean, Deutsche Bank and Commerzbank are two of the weakest banks in all of Europe. They’re effectively insolvent and being propped up by the ECB. Obviously, the Italian banks are a disaster too — in fact, so are the French and Spanish (the whole damn lot, as it happens). The Germans may be mercantilists, but we are the operators are several ponzi schemes while relying on someone to buy our dirt, on the side.

          • PaperRooDogMEMBER

            Very true, DB is the sick elephant in the room that they should not have let grow … but very hard not to when other countries have their elephants how else can you compete in the international market? Tricky question.
            I wasn’t trying to imply they would get off lightly just that if we had a system that supported our SME better there would be less wasted investment in our Ponzi economy & we might be in a better position to resist China’s blackmailing etc

          • Dominic – the third biggest German bank by balance sheet is the government owned development bank. One of the biggest units in that bank focuses on financing and supporting small businesses. Here in Australia to go into business you need to own a house. In Germany you need a good idea and a well developed business plan.

    • Skippy. Stone Age viruses in the Siberian permafrost exposed by climate change. Interesting theory. I think the X Files episode Ice (season 1) had an alien virus in Alaskan research facility that had been buried for millennia.

      • Its not wild CT stuff or have you missed animal carcasses dating from the ice age, including gut bacteria, scattering huge regions. Best bit is there is more stuff below it.

        • Wasn’t there an ancient anthrax released from deer
          Carcasses or something

          Think Cristian might need to read more

    • DingwallMEMBER

      Thanks and this line was the money shot……

      If the Chinese can listen to you through your smartphone, they can listen to you through your toaster.

      • DominicMEMBER

        Hmmm, that might explain the humming noise from my toaster – and the faint sound of cackling Chinamen

    • PaperRooDogMEMBER

      “I was in Beijing in November of 2015, with a delegation that met with Xi Jinping in the Great Hall of the People. And he spent the first 15 minutes of his remarks speaking, unprompted, about why the U.S. and China will not get caught in a Thucydides trap, and why there will actually be a peaceful rise of China.”

      Not surprised Xi believed that back then hardly anyone had realised what his plans for the world were.

  5. imagine if white ppl rioted every one was killed by black ppl in america

    thered be a riot around the clock

    • Nothing makes a more forceful statement about racial injustice and abuse of state power like ransacking a pharmacy, knocking off some car accessories and purloining a flat screen.

      • its more like theyre trashing their own ghettoes

        “affordable housing” construction projects are being torched in the midst of this pandemic scale free-for-all

        • DominicMEMBER

          Although, interestingly, one young partially masked gentleman being recently interviewed during the riots by a reporter, threatened: If we don’t get what we want, we’ll come to the suburbs … now that would be a sea change.

    • ErmingtonPlumbingMEMBER

      Sure and more White people are killed by Cops in the US,
      https://www.statista.com/statistics/585152/people-shot-to-death-by-us-police-by-race/
      Though it should be noted that more Black people are killed per capita by cops.
      Is this soley due to Racism?
      I dont think so,…though I agree it is unfortunately partly responsible for the disproportinate per capita numbers, a greater cause (in my view) is the war that is waged apon the working class and Poor in the United states by their plutocratic police State.
      African Americians are more likley to be working class or poor because of history. Same for my family (on dads side) who have all been born poor and Working class since our ancestor was sent here in 1816 as an Irish convict slave.
      The whole focuse on Race, like all identity politics, is a divide and conqure strategy (when weilded by the establishment) to keep the plebs the fcuk away from embracing their democratic Power and demanding faired redistribution.

      • let’s not pretend that outright racism as well as structural racism don’t exist. there’s plenty of explicit racism on this site. let’s not pretend that the hundred years of laws and state oppression designed to reinforce and protect the legacy of slavery weren’t based on the idea of white superiority. did anyone see the video of the white Karen in central park threatening a black man that she’d call the cops – she knew what that threat meant, she knew where each of them stood in the hierachy of citizenship within US society…she knew the state would shoot him first before asking her a question.

        there’s truth in what you say – real change will only come from the disruption of the crony capitalist model and that identity politics provides a nice off-ramp where liberals can claim that changes are being made while never threatening the underlying power structures.

        it’s also clear that having identity move to the center of the discussion has had an alienating effect on not-racist white people – comments here display that pretty well.

        • Super Phoenix

          You mean, this? https://www.macrobusiness.com.au/2020/05/sunday-supplement-31-may-2020/#comment-3887555

          Yes, the point is that Amy Cooper *knew* that her call to 911 would “work”. I mean, no one would try such a call if they thought it had no chance of working!! And the odds of success has been rising under Trump’s leadership.

          Damn, if only that black man wasn’t filming – or I could have gotten away with it and can do the same to some other man!! With all the excitement happening in Minnesota and other places, there is a good chance that the black man will be shot dead by the police on the spot and no one will find out the truth….. It is worth a try, right….?

          Assuming you are a man, if this goes on, sooner or later you will have to keep watching your back and start filming each time you go out, because some woman might call the cop out of the blue and accuse you for attempting to rape her. Never mind you have no idea of what is going on – it will be your fault that you have not been careful enough!!

          • yeah, i didn’t take the event as a way of reinforcing my incel fears, but you do you dude.

      • Stewie GriffinMEMBER

        I suppose it would be racist if more black people were killed by cops without good reason, but then nearly 80% of the people firing at police are black (when they are only 14% of the population).

        What is described as “Discrimination” is mainly a result of people rationally adopting a cautious approach to an unknown situation based around passed experience.

        https://twitter.com/Dollar_Stearn/status/1266533931127578625

        • The Traveling Wilbur

          Yay! Correct thread Stewie!

          [In best Dog voice I can manage re your last post on the other thread] Well if you’d just lay off asking Lois to film all your 2 am feeds then maybe you could get enough sleep so you knew where you were posting on here. And then maybe we could finally get Stephen Spielberg back to LA where he belongs. [Insert cut-scene of Stephen chained up in basement with Meg taking him food on a tray with a film school application form in her other hand.]

          • Stewie GriffinMEMBER

            Lol – which thread have I missposted on? I’ve had a scatter gun of contra-outrage today and haven’t been paying attention.

        • The Traveling Wilbur

          LOL… How about it being the one where you used the words “wrong”, “thread” and “edit” all in the same comment. 😀. I think it was yesterday’s first weekend links post.

  6. Chairman MeowMEMBER

    Those protests in USA? “Anonymous sources” now reveal that the Russians spent $100 000 on some Facebook ads and “inflamed tensions”. Its Russia’s fault.
    And probably China’s too somehow

    • Very few black faces in the National Guard units I have seen so far…….I wonder if they just don’t call them up or they don’t join ? Of course they will be units from out of town……people are reluctant to shoot their neighbours.

      This will die down……..it is not organised………a leader of the oppressed is badly needed in the US. It will be on again later this year when the Fed curtain is pulled aside and they realise the unemployment is permanent.

      • Chairman MeowMEMBER

        The following is speculative off course but these times make it sound more plausible,
        “The looting by the oligarchs is one reason why I have expected protests and riots in the U.S. as a consequence of the badly handled epidemic. But I expected them for later in the summer, after July 31 when the federal unemployment insurance runs out. By then some 20 million of the 40 million currently unemployed will have learned that their old jobs are forever gone and that there are no new ones to find. By then mortgage defaults and evictions will have risen sky high.

        Many of the affected people will not be from minorities but from the white lower classes. People who have lost their job and maybe even their home.

        The social tensions will be extreme and will seek relief one way or another. Cornel West explains well (vid) why party policies in the U.S. can not be the way to solve this conflict. Something will have to give and it will not be the people – at least not without resistance.

        Trump has asked the military to prepare to suppress unrest in Minnesota and elsewhere. 

        The shooting of unarmed blacks protesters would probably be welcome by Trump’s core voters. He could even use that as an advertisement in his re-election campaign.

        But how will this evolve when Trump sends in the troops and recognizes that the conflict is with mostly white working class people who probably voted for him in 2016 but are now inclined to shoot back?

        Fingers crossed

        • It surprises me that “Jamie Dimon’s” place hasn’t been torched yet ( place of employment; residence or both).
          Maybe that come atter 31st July as well?

        • Interested PartyMEMBER

          “The shooting of unarmed blacks protesters would probably be welcome by Trump’s core voters. He could even use that as an advertisement in his re-election campaign.”

          If you really think this….you need help.

        • ErmingtonPlumbingMEMBER

          The primacy of the Plutocratic establishment will be assured as long as the working class and Poor (the vast majority of the population) can be divided along racial lines of resentment.
          This is why the #Fakeleft plutocrat owned media and DNC give so much Oxygen to Identity Politics But NEVER talk about Class or a changing the economic system so that it will deliver a Fairer Distribution of wealth and resources.

        • Trump will focus on illegals.

          He will send them all home- force California to abide by it and then gerrymander the whole country.

          He will start a “jobs for Americans” program – real Americans only. Latino’s will be in serious trouble.

          • Bill, what’s your phone number? I need some help with a Windows error message I keep getting.

    • Interested PartyMEMBER

      Irregular warfare.
      Insurgency.
      Insurgency is the organized use of subversion and violence to seize, nullify or challenge political control of a region.
      https://2009-2017.state.gov/documents/organization/119629.pdf

      Win at all cost. Dem/Antifa vs humanity.

      Will Trump call Antifa a terrorist organisation?
      Will the Insurrection Act of 1807 be used?
      Did the authorities use the moment to collect info on the players and can this be used to prosecute the leaders-funders-shotcallers?
      https://en.wikipedia.org/wiki/Stingray_phone_tracker

      80% of rioters from interstate?
      Most of the large cities that suffered are Dem.
      Many of these released prisoners into the public sphere pre-covid.

      Ermo is correct.
      It’s not about race.
      It’s not about religion.
      They want you/us divided.

      Don’t forget about this …..Soros mentioned revolution at davos just recently. Ask and you will receive?

    • Riots, violence, extremist groups, economic stagnation … somehow this is all starting to remind me of the 1970’s. Trump has now called for his own supporters (MAGA) to take to the streets. Reminiscent of the punch-ups between the Communists and the SA in the Weimar Republic. I think he was specifically referring to the area around the White House in Washington DC. Elsewhere, the two groups would probably remain isolated from each other in Blue and Red states, respectively.

    • DominicMEMBER

      There are always other interest groups involved.

      Never let a crisis go to waste etc.

    • And armed men storming legislatures is ok? In any other part of the world that would be called a coup. In Trumpiverse, it’s fighting for their freedoms.

      • Interested PartyMEMBER

        So…..let’s get this straight.
        Armed militia “storm” a legislative building and demand the right to open and operate their businesses. *
        No one was shot.
        Nothing was burned.
        No one died.
        You call it a coup. Did the legacy media capture your emotions and thoughts…have they led you?. If so…what does that make you?

        Compared to the current events….hmm.
        People died.
        Stuff was looted.
        Businesses burnt.
        The legacy media call them protests….not riots.
        Good comparison.

        * July 4 1776

        “That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, –That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.”
        https://www.archives.gov/founding-docs/declaration-transcript

        That document is something that many here ( MB ) should look to hold dear.

        • It was an act of armed aggression backed by the US President to intimidate an office of Government. Pure and simple. The riots we’re seeing is just another manifestation of anger that doesn’t fit your narrative so there must be illegal.

          • Interested PartyMEMBER

            “It was an act of armed aggression backed by the US President to intimidate an office of Government.” that one could argue to be acting unconstitutionally, so that is why I inserted the text and link from the Declaration of Independence.
            Everything now gets coloured by the readers opinions on gun ownership, and the constellation of issues that gives rise to. Maybe the document doesn’t fit a modern world, but the USA lives by it, and will for some time yet.

            As I understand it, the people who stormed the capitol had that very document in mind when they took the action they did.
            Not saying it’s right or wrong. It’s very subjective. But to compare the two events is somewhat uneven.
            Lets file it under Americana.
            They should just live under a similar system we do here……. see mining bogans link below.

            as to the rest of your comment….lol.
            I have presented valid links that are counter to your narrative that trump is bad. Not my issue if they make you uncomfortable.

          • Interested PartyMEMBER

            “The riots we’re seeing is just another manifestation of anger…” yes, agree completely. Can you consider the possibility of that anger being hijacked and redirected by subversive operators? Antifa is very real. They do take part in these things, just as the hard right have done in the past. The take-away I suppose I am offering is that the protests have been hijacked and pushed into riot territory. Accepting that then allows for the question of “who” and “why”.

            edit to add..
            protests are perfectly legal.
            Riots are not.

          • Not uncomfortable at all, more than happy actually. Trump’s a patsy being played by another set of vested interests. If you find this uncomfortable, not my problem.

          • Interested PartyMEMBER

            Well, we can call it even then….neither of us is uncomfortable. That’s a good thing.

    • Fvkn LOLLLLLL
      This whole thing is a show put on for the likes of you.
      Get a psycho cop to kill a black man film it and start some riots. Red meat for the base. Funny that race riots have a habit of happening in presidential election years, right?

      • Banana ManMEMBER

        This^^. It was going to happen one way or another. You can’t lock people up in ghettos for months on end, they were already in cramped conditions; those places weren’t designed for social cohesion, they were designed as a feed for the privatised prisons. A la FU 1960’s black panthers.

      • drsmithyMEMBER

        https://en.wikipedia.org/wiki/Mass_racial_violence_in_the_United_States

        1991: Crown Heights riot – May – between West Indian immigrants and the area’s large Hasidic Jewish community, over the accidental killing of a Guyanese immigrant child by an Orthodox Jewish motorist. In its wake, several Jews were seriously injured; one Orthodox Jewish man, Yankel Rosenbaum, was killed; and a non-Jewish man, allegedly mistaken by rioters for a Jew, was killed by a group of African-American men.
        1991: Overtown, Miami – In the heavily Black section against Cuban Americans, like earlier riots there in 1982 and 1984.
        1992: 1992 Los Angeles riots – April 29 to May 5 – a series of riots, lootings, arsons and civil disturbance that occurred in Los Angeles County, California in 1992, following the acquittal of police officers on trial regarding the assault of Rodney King.
        1995: St. Petersburg, Florida riot of 1996, caused by protests against racial profiling and police brutality.
        2001: 2001 Cincinnati riots – April – in the African-American section of Over-the-Rhine.
        2009: Oakland, CA – Riots following the BART Police shooting of Oscar Grant.
        2012 Anaheim, California Riot—followed the shooting of two Hispanic males
        2014: Ferguson, MO riots – Riots following the Shooting of Michael Brown
        2015: 2015 Baltimore riots – Riots following the death of Freddie Gray
        2015: Ferguson unrest – Riots following the anniversary of the Shooting of Michael Brown
        2016: 2016 Milwaukee riots – Riots following the fatal shooting of 23 year old Sylville Smith.
        2016: Charlotte riot, September 20–21, Riots started in response to the shooting of Keith Lamont Scott by police
        2020: 2020 Twin Cities riots – Ongoing civil disorder sparked by the death of George Floyd by police, numerous disturbances broke out in other urban centers.

        I’ve bolded the ones in (Presidential) election years. Five of thirteen listed.

  7. bzunicaMEMBER

    No one in the government could bring themselves to apologise for the monumental stuff up that is robodebt. They will get away with it. Why? The media and labor will not pursue them relentlessly. Labor got hung out to dry for pink batts, which was bad but not in the same ballpark as this.

  8. Re the article on “human capital” https://slate.com/business/2020/05/human-capital-stock-kevin-hassett-coronavirus.html

    I don’t have an issue with the term ‘human capital’. In the construct of their being ‘human capital’ and ‘capital’, my problem is with how we seem to perceive capital (the latter) as some kind of insentient yet virtuous entity, when in fact it’s entirely at the behest of its owners.

    A better framing of the discussion would consider things in the context of ‘human capital’ and ‘human-owned capital’.

    • GunnamattaMEMBER

      I think the issue with the term ‘Human Capital’ is that it is a little close to the legal definition of ‘chattel’

      • There is always going to be the owners and the owned (in an economic sense). No point being offended by a fact of existence.

        What we (the owned) don’t do is hold the ownwership class (or complicit governments) to account for how they manage their physical capital, to maxmise benefits for non-owners…whether that be the Koch bros or Mick from Mick’s Carpet Cleaning and his 2 cash-in-hand Punjabi subbies. (Which is probs obvious to many, but seemed to be an absent part of the article).

        • drsmithyMEMBER

          There is always going to be the owners and the owned (in an economic sense). No point being offended by a fact of existence.

          No, it’s a conscious decision of policy and social structure.

          That’s why it’s offensive.

      • Really? For me the phrase “Human Capital” relates more to what the individual has done to differentiate themselves So in this sense Human Capital is value add of Education, Experience, Connections, Social Status, Trust ….it is everything that makes that person valuable and thereby everything that elevates them above the status of a Slave.
        You can consider this in the sense of being Valuable to their “owners” but I see that as a very narrow understanding of the value of said Skill-set.
        I like to think of it this way. If the Individual cannot see value in themselves then it is rare for others to find value that the individual person doesn’t know exists, or more to the point it is unusual to discover value which the Individual didn’t strive / work to develop.
        Human Capital stock is therefore a measure of this aggregate accumulated economic value of people, which is something very different from the concept of the combined value of an owners slaves.

  9. Markus Paddey

    Global Talent Independent Visa: Permanent residence in a week or two – Pearls and Irritations, Rizvi…but how many businesses actually need employee skills they can’t get in Australia at the moment?…

    It’s not that businesses can’t get the employees skills – they can’t get the employee skills for $52,900 a year.

    • bzunicaMEMBER

      It is not the flu, I think people were saying it’s as deadly as the flu, which could be true if what the guy in the article is claiming is true because it means that we have been treating this disease improperly. If it is more a blood, cardiovascular disease then adjustments to treatments could significantly reduce the numbers of patients who die or get seriously ill. I think it shows that little is known still about the disease and that the internet is a place where unproven theories can be published and believed.

      • Agree it explains why patients on ventilators do so badly, because it’s not actually addressing the issue.

    • Very interesting…….makes sense of a lot of my experience in the last 3 months…….now to get a cardiologist to listen !

      • I’m sorry to hear you are dealing with this. I am especially sorry to hear you are dependent on specialists. My experience has been that I have not been able to get a specialist to listen to me until I have got myself in the position of knowing more than they do about my specific problems (prostatitis in this case, not one you will probably have to worry about). Then I have had to bludgeon them about rudely with reams and reams of facts, cross-referenced and with attributed sources. Then, finally, I started to get traction. However, by this time I had learned so much that all I needed was a co-operative GP who would write the prescriptions I needed. Good luck. Educate yourself about your condition, you care about the outcome much more than your specialist does

    • PaperRooDogMEMBER

      Good read.
      Would seem to confirm part of the problem is our modern diets which are too high in omega 6s, carbs which cause us to eat too often due to insulin spikes/falls, & overly processed and ultimately mean so many people actually have chronic inflammation (without knowing) and the virus is showing it up by dislodging plaques etc.

      • It just highlights the benefit of being healthy and eating properly. Long term benefits as you get older.

        • Not all carbs are equal. Basically, complex is good, simple sugars bad (unless minimal for immediate use).

          • Well aware of that

            42 yo
            Elite triglycerides , protein, testosterone , etc
            HCLF mainly WFPB

        • Good for you, not that I’m interested in your body ego. My point is that your comment is wrong, simple carbs are one of the enemy and I know that you know this too and you were understandably keeping it simple.

    • Blottridesagain

      I watched a youtube video of about 5 or 6 young doctors from all over the world who were working in ER discuss treatment. I remember one saying “We don’t know what this is!” Certainly the intubation was a death sentence and their bug conclusion was to delay for as long as possible and do anything to keep the patient breathing on his/her own.

  10. The Traveling Wilbur

    Hey Ermo, technical question, if you have a minute?
    Any reason you can think of why Massage mode won’t engage on a Royalet RM-1000? Works just fine other than that. Just fine.

    Edit: asking for a friend.
    Edit: who’s on holiday.

      • The Traveling Wilbur

        And maybe also in your google search history?

        Anyway, don’t worry. I figured it out. Just kept hitting the on/off button, really, really fast. 😊

    • GunnamattaMEMBER

      Pop me down as a Robert Hughes man

      Start with

      ‘The shock of the new’ – the whole series is on youtube. The book I have had in my collection – for most of the last 35 or so years alongside my bed with ‘The Story of English’ (McCrum, Cran and MacNeil) and ‘The story of wine’ (Hugh Johnson). Once the story or art, wine and the english language is bedded down you may progress to almost anything and have a sense of how it all fits in.

      • Bill Bryson’s a short history of nearly everything- a history of science. That’s pretty good.
        Consolations of Philosophy- an easy reader for the totally unenlightened( me). I learnt a lot in a relatively painless fashion.

        Robert Hughes wrote a very authoritative sounding book on the history of Australian art. He was21-22, when he wrote it- never any uncertainty in his definite and detailed analysis. Unbounded confidence in his own judgement. Fun read if that’s your thing.

        Incidentally Gunna, I was at the Geelong Botannical Gardens yesterday- lovely spot.
        But, the mosquitoes- middle of the day, coolish weather, light breeze, and under constant attack from large mosquitoes, even getting bitten through clothing.
        Can’t imagine what they’d be like on summer evenings.
        Nothing like that in Melbourne currently.
        If something decently infectious gets into that particular mosquito population, Geelong and the west coast area could be stuffed.

      • His Goya documentary is also a good watch.
        https://youtu.be/dkYqwjmCLWw

        Writing on art is a funny thing. I’ve been tangential to it for a while, just through friends who are artists and also some who do writing, and do it well. I don’t. Yet, I am better than my artist friends so I am responsible for their [email protected] We make a game but of it. Simple, a tad pretentious, and just a little bit abstract. Tongue mostly in cheek. It’s funny picking up an exhibition brochure for the NGV and seeing your own stuff copy-pasta’d in. I’ve also seen my scribbles in AFR and Vogue. The funniest thing about it is that I’m the least artistic person they know. I just happen to be a university educated middle class WASP. I can play the part and they take my BS more seriously than the tradie roofer and the Asian lady I do it for. Their stuff is good, if I could make it I’d be living another life completely. Unfortunately they have to be accepted to get attention paid to them. It’s a damn shame, but no different to many other fields.

      • The thing is with art, many can get it, few can do it

        See Albert Tucker painting, above

        Actually, same as most elite human endeavours. Ask Boom. Many can see a beautifully designed and fabricated component, few can design and make one…

  11. And here it is. Cvunts.

    https://www.skynews.com.au/details/_6160577449001

    The Federal Government will unveil a new homeowner grant in a bid to avoid a 50 per cent drop in residential construction due to the COVID-19 pandemic, according to Sky News Political Editor Andrew Clennell.

    “New homeowner grants are to be the next cab off the rank when it comes to federal government stimulus, with Treasurer Josh Frydenberg and Assistant Treasurer Michael Sukkar set to introduce them in a residential construction package to be announced as early as this week,” Mr Clennell said.

    “The states have introduced these measures before, usually $5,000 or $10,000 grants but traditionally they’ve only been for first home buyers.

    “This will be across the board, not just for first home buyers as the government looks to prevent a 30 to 50 per cent drop in residential construction which would damage supply and housing affordability down the track.”

    • So a multi-millionaire corrupt government offical having moved to Australia, money launderer or drug lord could presumably knock down some existing homes, build a new mansion and cop a nice $50k of our taxpayer funds for their trouble?

    • The developers will pocket most of it anyway. Would be an easier scheme to make developers margins GST free for a couple of years.

    • PaperRooDogMEMBER

      The worlds most expensive bandaid.

      Question: if median house price is expected to fall say 5%, 10% or 20% due to downward pressure of Covid then how big must this grant be to counteract each?

    • adelaide_economistMEMBER

      Well, there’s the answer to where at least some of the $60bn is going.

    • So, our leaders, in whom we entrust our fates, they believe that it is good to encourage young people to enter into a binding agreement for the entirety of their working lives that says they will pay every month a large, barely sustainable proportion of their income or they will forfeit all payments previously made and the very roof over their heads if something unforeseen happens and they cannot continue to make payments, or want to change their life-plan, or any-fvcking thing. It’s a wonderful world we live in

  12. Goldstandard1MEMBER

    HERE IT COMES! Pending housing kitchen sink!
    It must be looking really bad….
    https://www.news.com.au/finance/real-estate/buying/government-set-to-unveil-new-homebuyer-grants-across-the-board-to-prop-up-flailing-construction-sector/news-story/fca8a0d81dbef389399e1bbdb35b74b6

    This one is looking so bad that the gov may not be able to stop it this time…….god willing.
    No immigration due to virus still nuts overseas
    20% ish real unemployment
    Bank only lending to solid employment households
    No FOMO

    If the housing market crashes in the forest but there is no corelogic hedonic index to hear it, does it make a sound? LOL

    • bzunicaMEMBER

      I take the view that this is possibly a good thing. It shows the amount of fear there is out there about the state of the housing market. Yes if things got bad they were going to kitchen sink this and this looks a lot like a kitchen sink to me…therefore things are going south quickly. Will it be enough…time will tell.

      • when LiarLogic suspended the daily index, one has to accept things are getting really ugly.

    • As long as it is targeted at creating jobs, then it is many times better than KRudd gifting sellers with a tax-payer funded price boost via FHOG.

    • If they introduced this for new property, would it not reduce demand for rental properties and existing houses?

      Do you only get the assistance on a new property? If so I don’t see how this does anything to fix demand and supply imbalances… It just changes the winners and losers a little.

  13. So a multi-millionaire corrupt government offical having moved to Australia, money launderer or drug lord could presumably knock down some existing homes, build a new mansion and cop a nice $50k of our taxpayer funds for their trouble?

  14. migtronixMEMBER

    ASX will hit 6 handle tomorrow on all the good news from the US? Saw lots of people out and about enjoying some pent up demand…

    • Goldstandard1MEMBER

      Considering that markets see bad news as “unrealised future good news” it should boom this week.
      Social unrest
      Unemployment at depression levels
      USA and China trade war
      Unrestrained virus so no travel or social mass gatherings

      Boom Boom shake the smoke plume!

      • Stands to reason!!

        Social unrest equals reconstruction boom.

        Unemployment at depression levels equals labourers required for said reconstruction boom.

        USA and China trade war equals more domestic manufacturing resolving issues one and two above

        Unrestrained virus so no travel or social mass gatherings equals more online shopping resolving issues one to three above

        Good news all round !!

        • Banana ManMEMBER

          Ho Lee Fuk. This is why I no longer live in the USA. Australia will be like this soon.

        • Interested PartyMEMBER

          Looks like they were dressed for a TV dinner.
          Black garb, masks, hats, running shoes…….. don’t blame the Nat Guard for taking the shots.
          They were warned.

          • Interested PartyMEMBER

            From your link, with the curfew order image.
            I read that as in section 6 of the curfew order, any public space “could” be the front porch, as it is accessible to the public.
            I would also add that the clothes these kids were wearing looked like something a “protester/riot goer would be dressed in, and that would raise the level of intensity a little. I’d have done the same as what went down, given the situation. Just glad no real harm was done to the kids.
            The Nat Giuardsmen don’t have the time or inclination to have a friendly chat with all and sundry. It’s time to call it done.

          • Tad bit judgmental on the clothing. Look like any US street fashion while doing their bit for CoVid protection.

          • Interested PartyMEMBER

            Yeah, maybe. But that style…..it’s in vogue ATM. And, they are just kids, and easily manipulated. Best place is inside out of harms way. Surely ( shirley? ) we can agree on that……huh….can’t we?

            Covid? That’s so yesterday.

          • drsmithyMEMBER

            LOL.

            It’s OK for a bunch of armed hicks to occupy a Government building demanding change because oh noes Government overreach, but a bunch of soldiers shooting at citizens on their own private property is also OK because Government’s got this.

            That’s some weapons-grade cognitive dissonance you’re carrying around there.

          • Interested PartyMEMBER

            Maybe you would prefer to let the place burn.
            Context matters…fool.

    • GunnamattaMEMBER

      all the good news from the US

      …and the AUD could hit a 7 handle (or parity if the algo’s twig) on the same.

      • The Traveling Wilbur

        Around this time last year I was posting the AUD going into the 70s by Christmas. Possibly as high as 71. I was ridiculed from pillar to post. And yet here we are.

        Fair call though, considering I was taking the number ones on a massive scale (to annoy some of the pessimist bears who like punting against the widow-maker and fail to remember this country is a virtual proxy for failure).

      • The Traveling Wilbur

        I can definitely see BTC @22000, Tellstra @40.00 and CBA @110.00 by this Christmas though.

    • Mining BoganMEMBER

      Probably get a $50k incentive from Scummo now to build his IP. Chuck in $20k from super and he’ll be laughing. Make poor decisions and get bailed out

      Straya. Winning.

    • Loved this comment – ‘Equity doesn’t make loan repayments, cash does.’.

      Don’t tell the MMTers that though.

      • Please show where people make all payments in cash, not that government is a house hold or individual for any matter.

        Its as bad as transferring metaphors from maths and physics and subscribing them to humans – then calling it economics.

      • drsmithyMEMBER

        Jimbo helping to illustrate why so many people talk about what MMT isn’t.

    • GunnamattaMEMBER

      I was chatting with a mate earlier this year who is late 40s, single income (wife doesnt work) two kids and is a low level public servant in Geelong (APS5 – so that would make him circa 75-80k gross plus super per annum). He is permanent as opposed to non permanent, he isnt a conspicuous spender and tells me he has never missed a bill in years. His bank told him his borrowing capacity was circa $250k. Does that sound about right? I thought banks would lend more than 3 times salary these days.

      • Arthur Schopenhauer

        Part of it is late 40s. They have probably calculated the amount over 15 years. If his wife had a job, just about any job, the amount would be almost double.

      • In early Feb I decided to ask my bank about what they would loan me. I told them I was in early stages of starting to research buying a 2 br unit and was looking to buy late this year or early next. I wasn’t sure if I’d rentvest or buy to live in. [I was not going to buy cos I knew Covid would be a big issue but I thought I’d ask as I was getting closer to buying]. Told them my income was 35K tops this year and I was single, mid 40s. I had a decent cash deposit (more than 20%), a nice little chunk of USD (though of course that is less great atm, but I expect that will change within the next 12 months) and a decent amt in gold at the Perth Mint, with a little advance on my inheritance from the olds that should mean if 300K was the max I would spend I would have about 40%. They were willing to lend 95K to buy to live but 244K for rentvesting. I was a bit shocked. I wouldn’t lend me nearly 250K. He was a bit surprised I had such a diversity of assets and that my deposit was so high.

        Now of course given that I seem to have developed FOGO and I have no idea how I want to earn an income long-term there is no way I even want to think about going into debt atm.

      • adelaide_economistMEMBER

        It sounded surprising to me as well but since I’m potentially looking at buying later this year myself I ran some plausible numbers through a few borrowing power calculators online with your friend’s likely numbers and got about the same across several banks. I know the calculators aren’t necessarily the same as what they will do an individual basis (I would think a permanent Fed govt job, even a modest one, has some cachet right now) but ~$260k or thereabouts seems to be the mark.

      • The Traveling Wilbur

        It’s like a box of bungy-jumps. Dunny ken if you can handle the drop man.

    • adelaide_economistMEMBER

      Lots to like about that. I particularly like that they bought land which has some caveat around it on having to develop it within a year and being unable to sell it (they posted earlier saying that “the land contract has a clause “Not subject to finance approval” and “cannot be sold to anyone else, except blood relative”).

      I guess as almost all the MB commentariat have said at some point (other than reusa), risk actually might be a thing that needs to be considered when committing to things that cost hundreds of thousands of dollars. But let me guess, it’s land, you can’t lose and the odd restriction on selling to a “blood relative” didn’t ring any bells for them? They literally prefer to try and lock in another quarter mill of debt instead of forgoing their $25k deposit and accepting it as a lesson learnt.

      • You obviously don’t know much about the U.S. health or insurance industry, lots of gotchas and the price alone should be a huge tell. All of this in retrospect to how the PE mentality is administrating health care E.g. high costs and high fail rates in delivering a service.

      • Lose your yob and you lose your insurance, right to work states have even more diabolical outcomes.

    • The Traveling Wilbur

      Maybe she put it on hold so she can get the 50k grant out of ScoMo when building ‘re’starts?

      If there’s two of them, is that 100k?!

  15. woohoo! after slavery, colonialism, frontier wars and the murder squads of the cold war I’m a white dude feeling like i’m hard done by! woooooot! i got the IQ scores to prove my superiority! and i’m gonna spend my time whining on MB coz somehow my superior genes have left me unable to compete in the free market with third world immigrants!

    • What’s your position on cucumbers? Would you germinate now under perspex or glass before transfer (and risk wipe out due to frost) or just hold off for a couple of months?

      • way too early for cucumbers. still a good time for kale and broad beans if you are in a colder climate.

        • The Traveling Wilbur

          I can’t go past a little Greenfinger myself. Or a little Huddersfield Tom if I’m feeling in the mood. No matter what time of year it is.

          Always checking the label for country of origin though.

          • agreed. reducing food miles is a responsible way to reduce our carbon footprint and support local producers. keep it real ttw.

    • Once again posting what I wanted to say lol, I just didn’t have it in me today to be so creative. I was feeling really down on some of the commentary here this weekend and your rational post further up and this quality sarcasm here have cheered me right up. Genuine thanks.

      • The Traveling Wilbur

        This is the right place to come if you want quality sarcasm. Indeed. But I’m not sure you two are singing from the same hymn sheet on the rest of that.

        PS careful, s/he is waaay smarter than s/he looks. 😉

          • The Traveling Wilbur

            Its as bad as transferring metaphors from maths and physics and subscribing them to humans – then calling it economics.

            Full disclosure: I just copied and pasted one of the marsupial’s responses.

        • Either way, to avoid confusion, I have read some absolute bollocks on here this weekend and people like Les and Stewie can go and get fecked. I thought Maun was being much more creative and subtle and saying exactly the same while avoiding the direct naming. If I interpreted this wrong, well feck everyone.

          • hehe. if ttw is suggesting i’m playing some kind of 4d chess he’s way off the mark.

            it is truly a strange world at the moment. there’s a clear intersection between the way I see the world and the way that people on the complete other side of politics see the world (ie failure of liberal/neoliberal politics and a corrupt system that benefits a few). it’s strange to come here and see how we can agree on many things but disagree on fundamental causes (ie racial superiority v a history of repression and violence).

            it doesn’t give me much hope. people are diving into supremely [email protected] conspiracy theories and retreading racial superiority theories that should have died a century ago. i felt there was a small window of hope to change the system with covid but people prefer the comforting warmth of victimization that comes from qanon/alt-right/red-pill/incelleray.

            good luck to all.

          • Stewie GriffinMEMBER

            Mean IQ population group differences, which have been measured, verified and confirmed by countless Professional bodies, Govt orgs and common exist – you can argue about the cause of them, being whether their a result of nature, ie genetic or environment, eg institutional racism and bigotry, but saying they don’t exist is completely wrong.

            To believe it requires active disbelief of one of the most repeatedly and independently verifiable observations in psychology, and you can quite simply forget any other theory including ‘unconscious bias’ that has ever been used to explain observed human behavior.

            The differences don’t make an individual superior or inferior to any other individual – but we are not talking about individuals, we are talking about population groups, and while it may hurt your feelings to know that these differences between population groups exist, they are facts and facts don’t care about your feelings.

            Ignoring a potential factor contributing to these social issues, especially one that has been so consistently verified as existing, simply because it makes you feel uncomfortable, means you most likely will never be able to adequately address, resolve or alleviate the problem.

            Sadly good people are much more willing to difficult social approach issues with goodwill, when they believe the cause of the problem is the result of intractable population group differences, that people have no control over, as opposed to their own groups supposed immorality, which is all you have left to explain the differences in group outcome if insist that group population IQ differences don’t exist.

      • haroldusMEMBER

        Mate I’m a p!sshead, but 3L seems a bit much for a night.

        I’m not being judgemental, and would quite like having a night on it with you.

        Feel free to tell me to get fvcked. But I’m not talking from any moral position.

        Just from a position of similarity.

        • I wrote a massive response detailing my battle with alcoholism but with a positive spin that I’m at the tail end and no longer a poly-user but then lost the post by pushing wrong button. Pissed off I lost that post (spent a heartfelt 20 min on it) but yeah, I drink a lot, but less than I used to, getting better every month and I no longer do drugs as well and the physical medical problems that cause my drinking disappearing, that’ll just leave me to defeat the psych stuff

          • Stewie GriffinMEMBER

            Same – everyone has demons to battle and it isn’t IQ that helps you get through it, but strength of character. There are many factors that shape our lives as individuals and I’m glad you are getting on top of one of them that has caused you grief. Good luck.

  16. Arrest Chinese Supremacists

    Sad to see all this race hate violence being committed against white people across the USA. Some of the brutality committed against white people and their businesses is truly shocking.

    • reusachtigeMEMBER

      Ummm, and all the footage showing wh1te people actually trashing the joint with black people trying to stop them. Something really farkt up going on there. Antifa scum.

    • Go for it!

      I shallow fried some homegrown spuds for lunch today. So yum (we don’t have a deep frier, I might get one if I ever get my own place again)

      • I’m super keen to do my own spuds, finally have my own garden so will be doing some spuds in a stack of old tires and will be frying my own chips/wedges.

        I have this bad boy for frying and it’s pretty good – https://www.sunbeam.com.au/Cooking/Deep-Fryers/DF4500-MultiCooker-Deep-Fryer.aspx

        I finally have enough bench space to leave it permanently deployed and will be using it a lot more. Really enjoying the bench space in the new pad, area I have the fryer is also right next to stove top so have good coverage of fryer with exhaust hood. At last place I didn’t have the bench space to have the fryer out so fried in a wok but it got tedious trying to manage the oil between uses.