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Thread: Can anyone please explain this to me

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    Default Can anyone please explain this to me




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    Not an expert at things economic, but I expect that the answer lies in the distribution of wealth. Australia has some very rich people but we also have some very poor people, while our near neighbours have a more equitable distribution of wealth.

    The average wealth in Australia may be higher, but that does not help those at the bottom end of the scale.

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    Most of the poor KIWIS have already moved over here.
    I'm out of my mind, but feel free to leave a message...

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    When you consider how many Kiwis are FIFO workers taking home fat Aussie wages, its no wonder.
    If u want to go on an expedition get a Land Rover, if u want to come home from an expedition get a Landcruiser!

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    I have never seen a set of figures on any subject that cant be read to suit the readers needs and I dont doubt this applies here also.
    I stand unequivicably behind everything I say , I just dont ever remember saying it !!

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    When John Key became PM, he instituted many of the cuts that we wont accept. The difference is that politicians had wage and salary freezes the same as everyone else. As a result, the populace went along with it, and the NZ economy stabilised and recovered. The sky didn't fall in, and now the NZ dollar is stronger than ours.

    In fact, I seem to remember that Key publicly stated that anyone who didn't want to work could move to Australia. Great! We sure have a reputation as a soft touch, and not just in the third world.

    The old joke: Why are there so many kiwis in Bondi? Because its the closest dole office to Auckland. certainly has more than a ring of truth in it these days.
    The fact that there's a highway to hell and a stairway to heaven says a lot about the anticipated traffic flow.

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    Not that I am a great believer in believing everything I read but;

    Here’s the top ten.
    1
    . New Zealand
    2. Norway
    3. Finland
    4. Switzerland
    5. Canada
    6. Australia
    7. Netherlands
    8. Sweden
    9. Denmark
    10. United Kingdom
    And then;
    Meanwhile the report’s authors — a UK based charity tell Australia we are doing pretty terribly.
    “Australia is the only country in the global top 20 to have seen prosperity decline over the past decade, the result of weakening economic openness and the increasing terror threat affecting the country’s Safety & Security performance.”
    I still count three counties between us and the poms....

    Maybe they might want to overtake us before telling us how to suck eggs
    Cheers
    Ted (Al)

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    Quote Originally Posted by Al Bundy View Post
    Not that I am a great believer in believing everything I read but;


    And then;
    I still count three counties between us and the poms....

    Maybe they might want to overtake us before telling us how to suck eggs
    They had better find the cash to pay for brexit before they do anything.
    The fact that there's a highway to hell and a stairway to heaven says a lot about the anticipated traffic flow.

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    Quote Originally Posted by enf View Post
    They had better find the cash to pay for brexit before they do anything.
    No sympathy from me.

    And that should be countries not counties.
    Cheers
    Ted (Al)

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    The earthquakes in NZ are worrying. Might be one reason why real estate is more affordable than here.
    Cheaper home cost means families can spend more on other things.
    The more they spend the better the economy while here it is reversing and local retailers and producers are dying like insects on fly paper.
    Anticipated budget cuts to welfare will make things worse.

    I am astonished we are six on that list but the high amount of millionaires would attribute to that.
    One would think (multi)millionaires have the moolah to spend and stimulate our economy but that is wrong.
    Most invest legally off shore (see our PM). I think there is one address in the Caymans that has over 1000 'Residents'.

    Also a lot of wealth is locked up in overpriced real estate here. This is all missing to stimulate our economy.
    Unless some (tax)rules change that only make the rich richer, we are doomed.

    We are brainwashed that our budget is are only problem but we have much bigger problems that are ignored and brushed under the carpet by the current Government.
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    Quote Originally Posted by nomeat View Post
    We are brainwashed that our budget is are only problem but we have much bigger problems that are ignored and brushed under the carpet by the current Government.
    And I doubt the next one (most likely labour) will be any better, not to mention the vested media interests opinions driving the economy

    Also now that TurdBull has made us a laughing stock of the world with an unsalable NBN which will cost us tens of billions in the future to fix, our economic outlook is grim

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    The only thing that interests Turnbill is to become the President of the United States of Australia.
    Other than taking a few more pennies from the poor, evenly divided over the budgets of the next few years I expect absolutely nothing from him.

    Maybe get away from all of this before the big bang(property bubble) and it is too late:


    ... but the damn earthquakes
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    Quote Originally Posted by alpha0ne View Post
    And I doubt the next one (most likely labour) will be any better ..... our economic outlook is grim
    Labor did try to encourage the Turnbull regime to put a careful cap on negative gearing and limit capital gains taxbreaks for investment properties.
    This could have induced a soft landing for realestate with the right balancing of these measures.

    Unfortunately the coalition refused to consider anything of the kind and the propery prices are reaching again record highs in all capital cities.
    The big bang will happen and everybody here will have to pay a BIG PRICE, when it all SUDDENLY collapses as it has happened eleswhere in the world with far less extreme bubbles.
    We have the higest houshold debt worldwide and when the fictive value of our realestate collapes that debt will have no security. Not only the speculators dump or default but some banks will too. Bye, bye to your savings and super as well.

    ... no, not for everybody, Malcom has his nest eggs safely parked in the Caymans. He might be as stubborn as a brick wall but he is not dumb.
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    Quote Originally Posted by nomeat View Post
    The big bang will happen and everybody here will have to pay a BIG PRICE, when it all SUDDENLY collapses as it has happened eleswhere in the world with far less extreme bubbles.
    We have the higest houshold debt worldwide and when the fictive value of our realestate collapes that debt will have no security. Not only the speculators dump or default but some banks will too. Bye, bye to your savings and super as well.
    Won't happen, at least not anytime in the foreseeable future. The issue in the capital cities (specifically Sydney and Melbourne) is one of supply and demand. Simply, there will at no time in the foreseeable future be enough residences for the numbers of population who want to live there. Boom, nor bust, makes little difference - as long as people need (and want) to live and work in/near the capital cities those market will remain strong.

    The media love to run stories about 'housing affordability', saying properties are out of reach for most Australians. In general it's BS. Affordable properties are everywhere, just not in areas where demand is high. If properties in Wellington NZ were in high demand the prices would be as well - no different to Australian cities.

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    "Can anyone please explain this to me?"

    I can, and you're going to be surprised and learn something.

    This is of course "Fake News". That doesn't actually come as a surprise does it?
    You already suspected that but didn't notice and instead were sucked in to the story.
    Don't feel bad, you were supposed to. That's how this kind of "Advertising" works, you're not supposed to realise that it isn't news.

    So who's the culprit?
    The Legatum Institute. A charity.

    Why would a charity want to piss on your leg an tell you it's raining?
    Well that's pretty simple too. A good measure of prosperity might be.... How much citizens of a country give to charity.

    The message being planted in your head is, "Want to show up the kiwi's and show the world how good Australia is, give more to charity.
    The money flows from you to the charities who fund The Legatum Institute to work for them as an advertising agency to intern get you to give them more money.


    It’s an awful state of affairs

    Lets stop and have a look at the list.
    Australia is 6th ....... Abandon Ship people! Australia is going down and it's taking you all with it.
    No it's fvcking not!

    Does anybody know who Ken Mattingly was?
    He was the command module pilot on Apollo 16.

    He wasn't the first man on the moon, he wasn't even the second. Shit, he didn't even get to walk on the moon.
    As far as his ranking in the Apollo astronaut selections go, he's somewhere down near 20th position.

    But I would give my right testicle to have his job. Put into perspective ... Ken is 100 times the pilot I will ever be.
    To put that into even broader perspective, NASA sent a chimp into space rather than me.


    Back to the article, which even throws Nigeria and Nepal under the bus for being pretty pathetic examples.
    And then flips the coin with this little gem...
    "What’s the point of chasing wealth and growth? Is it even worth it? Do we sometimes chase wealth that actually leaves us worse off?"

    Hint - give a charity your money, it makes you unhappy. (Not me, it makes me pretty fvcking happy and I'd like more of it which will bring me even more happiness)

    And it makes The Legatum Institute pretty fvcking happy too by the looks of it.



    Basically, they want to eliminate poverty by making themselves rich by taking your money, dividing it up, keeping most of it and giving some of it to other people.
    Not too different from the way a Casino works.


    -----

    So there you have it Humax, the real answer and not the one you were expecting was it?

    The real news is that about 90% of what you think is news is now advertising.
    Most it is not even written by journalists themselves. It's mass produced in a news clearing house and the journos who are pressured into churning out articles, regardless of substance will just pick up these hollow news stories because they are free. The price of that is that they are basically just advertising dressed up as news.
    Yes I am an agent of Satan, but my duties are largely ceremonial.

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    well written trash, & did anyone even notice the almighty USA isn't even in the top 10.

    It's just sensationalist/bullshit journalism. AKA
    Cheers, Tiny
    "You can lead a person to knowledge, but you can't make them think? If you're not part of the solution, you're part of the problem.
    The information is out there; you just have to let it in."

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    thanks trash,I'm now embarrassed(sucked in)

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    Don't be embarrassed humax, the news clearing houses have worked very hard to set up this business model. We're all sucked in by it.
    The problem is, once you're shown how this happens you cannot stop seeing it.
    Worse still when you look into who commissions it you could be forgiven if you started developing a healthy sense of paranoia.

    The deeper you dig, the worse it gets. One of the types of "news" that has been pointed out to me is anything that has some kind of survey.
    You've seen these kinds of things before. It often looks like some stupid Uni Arts student has got a grant to study women's opinions of bum fluff. etc.

    But reality it is a news clearing house that generates the "research". The questions are abstract and the answers limited the participants are not random they're selected and influenced into behaving in ways which reward the survey.

    Picture this. I use "spin the bottle" to pick the answers. I write the possible answers and I get you to spin the bottle. I then claim whatever the bottle lands on is your opinion.
    If you think this example is an exaggeration, you might want to take a very deep breath and hold onto your hat.

    Basically whatever the results from the survey are, they will be twisted and manipulated to generate something which amounts to clickbait.
    Then just to make the survey look valid, they will find an undergrad student and pay them a few bucks to either rubber stamp their name to it or get them to do a couple of extra questionaires on their friends to put their fingerprints on it.
    It's really not hard to find people who need the money, but there are also no shortage of experts who'll rubber stamp something for a bit of cash.

    There are some excellent lectures online about how this bad news system works.
    What it boils down to is that journalists used to write quality articles. Now their employers don't care about content, they just want three articles by the end of the day and they don't care what the content is. So a journo who is trying to work on one good story finds himself needing to fill some white space. It's easy for him to go to the clearing house and they will give him a story. This is one of the reasons you'll find the same story in several different papers word for word with different journo's names on them.

    And .... we can go a LOT deeper.
    If they're doing this for just vague advertising, you imagine where this rabbit hole might take us if we consider adding in the slimy world of politics.
    People with real goals and a lot more money to spend.
    Yes I am an agent of Satan, but my duties are largely ceremonial.

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    Quote Originally Posted by Tiny View Post
    well written trash, & did anyone even notice the almighty USA isn't even in the top 10.

    It's just sensationalist/bullshit journalism. AKA
    But...but...Donald will fix it....won't he?
    The fact that there's a highway to hell and a stairway to heaven says a lot about the anticipated traffic flow.

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    Quote Originally Posted by enf View Post
    When John Key became PM, he instituted many of the cuts that we wont accept..
    Thats it in a nutshell.

    People have short memories. Here is a reminder.

    Under the Howard Government, we paid off all Labors previous debt (96 billion) under Hawke/Keating and we actually ended up with about 60 billion in money in the bank and future funds.

    But being the intelligent race that we are, we voted Howard out and Rudd/Gillard in. They promptly borrowed and spent 300 billion dollars for no apparent reason or gain. yay !

    Now we need to make serious changes (just like Howard did) but we have a senate that just blocks everything.

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