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Margin call?
The ScoMo Government
- Thread starter sptrawler
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- government scott morrison
Read the Lima agreement/ declaration, the Labor Party signed us up for in the 1970s sunshine.
Isnt finger pointing wonderfull, only limited by your memory.
When it's the greens/one nation making the stand, we are in serious trouble. I don't have much faith in labor actually standing with the people either. But the libs have gone well past the line.
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Imagine if silly billy had got in and cancelled them, after this crash, it would have cost them more in pension payments than they had saved, still its good to see you still want to screw the pensioners.
Wont be long before your the recipient.
Then I will vote for it.lol
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When they signed up to the Lima agreement in the 70s, there wasnt a greens or one nation party, things always change, the way things are going in 20 years a couple of the parties we have now wont be here.IMO
Dont fear history Humid, it actually helps you understand the present.
The one good thing about blind unthinking believers is, you never run out of cannon fodder, so it warms my heart when I read your posts.
On a Scummo thread where the conversation is about people leaving the Libs you come out with a comment about blind unthinking believers in the defence
How long before the finger hits the button before the the brain engaged
Nor you if Tinhat gets his ways
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You would be better qualified to answer that, than I, we are yet to see an intelligent post from yourself, or even a post of any financial relevance.
One liners, with no substance, seems to be your limit.
But this is a friendly forum, so enjoy yourself trolling.
I see you joined the forum in 2018, were you banned from facebook and twitter, for trolling?
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IFocus
You are arguing with a Galah
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Going to prison because you spent more than $10k is just unbelievable who makes this stuff up?
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That’s the direct reason we’re the coal king today and why Labor won’t be putting the brakes on mining.
Rest assured the Liberals are equally bad though - neither major party effectively represents the ordinary person.
Basel, Lima.... all selling out the ordinary people and the planet too.
Its absolutely crazy that legal tender is no longer legal.
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Down $100k but still self funded off it, how's yours?
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Are casinos exempt I wonder ?
To scared to look....
Bought more BHP though
Still self funded....... through employer
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Something I'll add is that things like the Lima Agreement were perhaps well intentioned at the time but a classic case of those negotiating and agreeing to it failing to understand what was needed with the detail.
That's a very common situation where governments are concerned and gives rise to "the law of unintended consequences". What happens when a not unreasonable idea turns to disaster because those implementing it can't think far enough ahead.
Same thing happens with everything from building regulations to mental health sadly. Nice intentions but a bad outcome due to failing to think ahead. Failing to grasp that changing "x" can't be done in isolation and will prompt other things to also change.
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The intention was obviously wealth redistrubution but probably not to the extent that has occurred.
The really sad part is that although labour in the poorer countries at least have some sort of job, they are being heavily exploited and are basically slaves, meanwhile the labour in other countries like ours that would buy their products have been dragged down to the point where they are struggling to meet mortgage payments, rent and bills , and can't get any or enough hours to earn the income to buy the products that the Third World produces.
It is a crap deal for everyone. One solution as I see it is to (gradually) impose tariffs based on the difference between our median wage and conditions and those of other countries. This will increase the wages of the poorer countries and equalise the world economy so that we are all operating on a level playing field again.
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The original intention was basically to give others a hand to lift themselves up and to do this by investing, buying some of what they produce and so on.
The actual outcome is that we've basically set someone else up to literally put us out of business indeed in many areas they've done exactly that.
We were going to import 30% of manufactured goods, that was the specific intention, but reality today is that from bed sheets to cars we've not simply let others in but we've put ourselves out of business completely. Everything from Patons to Pye is gone, kaput, closed completely.
That then gives rise to a brain drain in Australia since, no offence to anyone intended, but those with a mind toward science, engineering, technology etc tend to have precisely zero interest or use in the low value service industries which have replaced manufacturing. It also leads to a broader social and economic decline since these alternatives tend to not pay overly well.
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That's recession proof, never underestimate the value of a job.
Labor's franking credit proposal, on top of this happening, would have been earth shattering for those blue collar workers who struggled to save and be self funded.
In one year their effort, dignity, endeavour would have been for nothing, that is just taking the pizz it is about as un Australian as it gets.
But I guess that is the new Australian way, luckily you will be over the log before me, is my call.
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The really sad part is, there are sections of Parliament that still believe we haven't gone far enough, for some reason they obviously feel we are impervious to living standard drop.The original intention was basically to give others a hand to lift themselves up and to do this by investing, buying some of what they produce and so on.
The actual outcome is that we've basically set someone else up to literally put us out of business indeed in many areas they've done exactly that.
We were going to import 30% of manufactured goods, that was the specific intention, but reality today is that from bed sheets to cars we've not simply let others in but we've put ourselves out of business completely. Everything from Patons to Pye is gone, kaput, closed completely.
That then gives rise to a brain drain in Australia since, no offence to anyone intended, but those with a mind toward science, engineering, technology etc tend to have precisely zero interest or use in the low value service industries which have replaced manufacturing. It also leads to a broader social and economic decline since these alternatives tend to not pay overly well.
What I would say is, within 50-100 years we will be an Asian Country with an Asian living standard.
There is a reason they are allowing our educational standards to fall, allowing mass Asian/Indian immigration and encouraging multiculturalism.
just my opinion.
