Australian (ASX) Stock Market Forum

A white perspective of Racism and White Privilege in the US

As agreed in 1975, the entire world economic order at that point was thrown on the scrapheap and replaced with a race to the bottom on price alone. A race that could only ever be won by those willing to cut more corners than anyone else whilst a few reaped the rewards.

That we don't manufacture cars in Adelaide, that we don't manufacture tools in Hobart or steel in Perth, that we haven't addressed climate change and that we've got unaffordable housing are all ultimately tied to that as is our "reliance" on exploiting cheap labour overseas and running up debt which can never be repaid.

Politically, the big barrier to progress is that all sides struggle to admit they stuffed up. Both major parties in any Western democracy were on board with it all and most of the minor parties weren't much better. It's all tied together but the problem is that neither the Left nor the Right is willing to admit it.

Looking at the investment implications of all this, well if there's one thing that everyone has hopefully learned over the past few months it's that the unthinkable can not only happen but it can happen rather quickly.

Anyone who thinks concepts such as free trade and the current taxation regime are a given, is taking a rather large gamble. We could well see 90% tax rates and tariffs on pretty much everything - indeed the US had a 91% top rate until 1963 and the top marginal tax rate didn't drop below 70% until 1981. Here in Australia businesses were constrained by the Prices Justification Tribunal, imports were mostly subject to tariffs and so on.

We could of course see a move in the opposite direction or some sort of hybrid. Anything's possible and we're living in a world where the "debate" may well be non-existent in practice. You wake up and it's in. Done.

All this stuff is temporary in nature, change occurs, and anyone who thinks the current state of affairs is permanent could well find themselves in for a very rude shock. Invest with this in mind noting that race riots do, if they escalate, have the potential to be a trigger for change which could be in any direction and at very short notice. :2twocents

The rise of globalisation, in tandem with government policy to just sit back and rely on selling our iron ore and coal abroad, has in effect decimated Australia's industrial capacity. We took the easy path in just letting our manufacturing industries collapse while we discovered the honey pots of resources across our vast geographical home.

Resource rich nations tend to become lazy, which often leads to great economic disaster somewhere done the track. This is known as the 'Dutch disease': "Dutch disease is a concept that describes an economic phenomenon where the rapid development of one sector of the economy (particularly natural resources) precipitates a decline in other sectors." (https://corporatefinanceinstitute.com/resources/knowledge/economics/dutch-disease/)

Australia now needs to correct this economic phenomenon through the establishment and support of new industries in multiple sectors like:
- energy development in nuclear, hydrogen, solar, biogas, biofuel
- agriculture technology business
- large scale freshwater transfer/network infrastructure

Once we have mastered these sectors we can then export our expertise abroad, just like we do with mining today.
 
The rise of globalisation, in tandem with government policy to just sit back and rely on selling our iron ore and coal abroad, has in effect decimated Australia's industrial capacity. We took the easy path in just letting our manufacturing industries collapse while we discovered the honey pots of resources across our vast geographical home.

Resource rich nations tend to become lazy, which often leads to great economic disaster somewhere done the track. This is known as the 'Dutch disease': "Dutch disease is a concept that describes an economic phenomenon where the rapid development of one sector of the economy (particularly natural resources) precipitates a decline in other sectors." (https://corporatefinanceinstitute.com/resources/knowledge/economics/dutch-disease/)

Australia now needs to correct this economic phenomenon through the establishment and support of new industries in multiple sectors like:
- energy development in nuclear, hydrogen, solar, biogas, biofuel
- agriculture technology business
- large scale freshwater transfer/network infrastructure

Once we have mastered these sectors we can then export our expertise abroad, just like we do with mining today.

The basis of most technology today are microprocessors and related LSI microchips.

I see no reason why we can't or should not develope the capacity to design and manufacture these chips in Australia. We are virtually totally dependent on other countries for the basics of modern technology.
 
The basis of most technology today are microprocessors and related LSI microchips.

I see no reason why we can't or should not develope the capacity to design and manufacture these chips in Australia. We are virtually totally dependent on other countries for the basics of modern technology.

Sure. I think we need to focus on perhaps 5 to 10 major industries and then we master it. I tend to prefer energy, water and agricultural based industries. I like:

- Waste-to-energy like incineration of municipal and commercial waste to produce electricity, and biogas production from green waste and sewage.
- Water network infrastructure like capturing the rainfall from FNQ and transferring the water to our food bowls in QLD, NSW and VIC. Even using the freshwater to recharge the GAB if possible.
- Large scale solar in NT and WA.
- Tidal Barrage in WA to produce hydrogen.
- Agricultural technology and business like better machinery to harvest and greenhouses.
 
These public servants should be banned from working for the Federal, State or Local government; or any political party. Damaging Australian heritage should be punished with hefty fines and a ban from all public service in any capacity.
Yes how someone who works for a political party, can damage taxpayers property that will have to repaired with taxpayers money, should hang their head in shame IMO.
 
Sow to the wind, reap a whirlwind.

https://www.newsweek.com/all-member...e-union-president-over-chief-kneeling-1510637



The entire special weapons and tactics (SWAT) Team of the Hallandale Beach Police Department resigned on Friday in response to Police Chief Sonia Quinones kneeling alongside protesters demonstrating against anti-black police brutality.


On Friday, City Manager Greg Chavarria received a memorandum dated June 9 from members of SWAT team. In the memo, the officers submitted their resignation. One of the officers was the newly elected president of the International Union of Police Associations (IUPA) Police Union......
I did mention earlier in the thread, this will probably end up with mass resignations and women being the only police officers.

On a lighter note, I heard on the weekend a huge department store was looted by protesters, the only thing left in the store was work boots. :roflmao:
 
Yes how someone who works for a political party, can damage taxpayers property that will have to repaired with taxpayers money, should hang their head in shame IMO.
Desecrating statues is what the Taliban do. If the Greens sanction this behaviour, perhaps their party needs to be stripped of their political status and designated as a terrorist organisation.
 
Sure. I think we need to focus on perhaps 5 to 10 major industries and then we master it

As I see it, regardless of what specific activity turns out to be the best way to fix it, the first step is that there needs to be broad acknowledgement of the problem.

Our present model is based on digging vast holes in the ground, selling the minerals to others, and exploiting overseas workers and the natural environment so that we live comfortably.

That has numerous consequences from pollution to racial tension to housing affordability to underemployment and it's no coincidence that the problems many lament date back to shortly after we started going down this track economically.

Or in simpler terms - it's all an interconnected web of cause and effect. It creates a society far more divided than the previous version both economically and in terms of respect for others and perceptions of fairness and so on.

In that context I think it's worth bearing in mind for those who invest from a long term perspective that there's a lot of pressure on the current economic approach on account of these problems and it would be unwise to assume that current circumstances continue. Even if you're a long term buy and hold investor, it would be wise to be alert to such things and ready to pull the pin if appropriate.

Don't assume that, for example, the company you own shares in and which has mines somewhere overseas won't suddenly find its mines have been nationalised or something like that. Likewise things like critical infrastructure being compulsorily acquired by government or at least having prices regulated. Etc. We're in an environment of tension where such things may well occur. Be alert. :2twocents
 
I did mention earlier in the thread, this will probably end up with mass resignations and women being the only police officers.

On a lighter note, I heard on the weekend a huge department store was looted by protesters, the only thing left in the store was work boots. :roflmao:

I just thought about this issue a bit more and I think the NSW Police should lay charges of terrorism against these two individuals that desecrated the statue in Hyde Park.

These acts that desecrate statues of Australian heritage are violent and intimidating, which are done so for political purposes; essentially that is terrorism by definition.
 
As I see it, regardless of what specific activity turns out to be the best way to fix it, the first step is that there needs to be broad acknowledgement of the problem.

Our present model is based on digging vast holes in the ground, selling the minerals to others, and exploiting overseas workers and the natural environment so that we live comfortably.

That has numerous consequences from pollution to racial tension to housing affordability to underemployment and it's no coincidence that the problems many lament date back to shortly after we started going down this track economically.

Or in simpler terms - it's all an interconnected web of cause and effect. It creates a society far more divided than the previous version both economically and in terms of respect for others and perceptions of fairness and so on.

In that context I think it's worth bearing in mind for those who invest from a long term perspective that there's a lot of pressure on the current economic approach on account of these problems and it would be unwise to assume that current circumstances continue. Even if you're a long term buy and hold investor, it would be wise to be alert to such things and ready to pull the pin if appropriate.

Don't assume that, for example, the company you own shares in and which has mines somewhere overseas won't suddenly find its mines have been nationalised or something like that. Likewise things like critical infrastructure being compulsorily acquired by government or at least having prices regulated. Etc. We're in an environment of tension where such things may well occur. Be alert. :2twocents

I still support the mining industry; what I am trying to highlight is that our mining industry is mature now after many decades of it being our primary industry at the expense of other industries.

We still need iron ore and coking coal to produce steel, which is a foundational material for construction. We also still need lithium, zinc, lead, gold, silver and so on; as materials for other industries.

I have never really been keen on thermal coal, however I am willing to compromise to attain an energy mix that encompasses nuclear, coal, natural gas, hydro, solar, marine, wind, biogas, and biofuel energy.

As for the environment; I have no issue with mining provided that it doesn't compromise our natural resources of freshwater, prime agricultural land and the marine reserves.
 
As for the environment; I have no issue with mining provided that it doesn't compromise our natural resources of freshwater, prime agricultural land and the marine reserves.

Except that it does ... Just to name a few
1) Effects of fracking on the vast underground water reserves which support thousands of sq miles of agricultur2
2) Effects of coal mining in Queensland on the Great Barrier reef ( not to mention water resources in teh mining process)
3) Acceleration of global warming with fugitive methane gas releases from NW development sites.

One of the biggest agricultural mining disaster in Australia occurred with the deeply flawed development of Underground Coal Gasification by LINC energy.

Sure mining is important. But make no mistake - the concerns raised about its impact on our other natural resources are very real and risk long term damage for very short term gains.
https://theconversation.com/expanding-gas-mining-threatens-our-climate-water-and-health-113047
https://www.queenslandcountrylife.c...-basin-coal-mines-greater-than-first-thought/
https://www.environment.gov.au/water/coal-and-coal-seam-gas/about
https://www.abc.net.au/news/2018-04...-serious-environmental-harm-ucg-plant/9632964
https://www.smh.com.au/national/the...oleum-industry-messaging-20191106-p5383n.html
 
Except that it does ... Just to name a few
1) Effects of fracking on the vast underground water reserves which support thousands of sq miles of agricultur2
2) Effects of coal mining in Queensland on the Great Barrier reef ( not to mention water resources in teh mining process)
3) Acceleration of global warming with fugitive methane gas releases from NW development sites.

One of the biggest agricultural mining disaster in Australia occurred with the deeply flawed development of Underground Coal Gasification by LINC energy.

Sure mining is important. But make no mistake - the concerns raised about its impact on our other natural resources are very real and risk long term damage for very short term gains.
https://theconversation.com/expanding-gas-mining-threatens-our-climate-water-and-health-113047
https://www.queenslandcountrylife.c...-basin-coal-mines-greater-than-first-thought/
https://www.environment.gov.au/water/coal-and-coal-seam-gas/about
https://www.abc.net.au/news/2018-04...-serious-environmental-harm-ucg-plant/9632964
https://www.smh.com.au/national/the...oleum-industry-messaging-20191106-p5383n.html

I have actually studied a semester of Environmental Management with a focus on Complex Adaptive Systems at university. So I am well aware of the somewhat fragile and intricate nature of ecosystems.

I know the importance of the Great Barrier Reef to our economy; the Queensland and Federal government do also. The Great Barrier Reef Marine Authority are well funded to manage this natural resource.

Water security, food security and energy security are national security objectives which are central to the maintenance and care of our environment. On this basis; mining shouldn't be allowed to comprise these national security objectives.

I think we are nowhere near each other on the topic of Climate Change.

As for Linc energy, they were punished and made an example of.
 
Here is another perspective.
White Nationalist Groups in the US

United States
https://en.wikipedia.org/wiki/List_of_white_nationalist_organizations
 
Here is an example from the police side of a violent incident, it is a shame protesters can't be bothered marching for police rights, it is after all just a job they shouldn't be treated like this. The police in the incident were attending a domestic violence incident, there is a video attached to the article.
https://au.news.yahoo.com/distressi...m-female-police-officers-scalp-002914077.html
From the article:
Two police officers on NSW’s Central Coast were responding to reports of a domestic incident about 10.30pm on Tuesday, when they were approached by a 35-year-old man who allegedly became violent as he resisted arrest.

A struggle then ensued as a male and female officer attempted to restrain him, with the terrifying ordeal caught on camera.

The offender allegedly spat at the male officer before assaulting the woman by grabbing her hair. She was allegedly dragged to the ground and a clump of hair was ripped from her scalp.

In the video she can be heard screaming as the man yells, “deal with it”. The male officer then demands the offender to “let go of her”.

In a statement released by police, the female officer became increasingly distressed when she was grabbed around the neck and choked.

The man then allegedly elbowed the male officer in the face and twisted his genitals before additional police came to the aid of their colleague.

The offender can be heard yelling in the video “I can’t breathe” as officers hold him down and wait for back-up.

"Last time I moved you said you couldn’t breathe... and then you grab my partner by the hair and you wouldn't let her go," the male officer can be heard saying
.

Maybe people should watch and listen to the video, and ask themselves, how they would deal with the situation.:xyxthumbs
 
Cops are quitting en masse in the US.

Mad Max was a prophecy; the left deserves praise for being near to achieving their goal of destroying the United States.
 
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