You need to be a member of 1Eyed Eel to add comments!
This reply was deleted.
More stuff to read
"Funny how a lot of BA fan boys on here are now jumping of the bus but blaming everybody else. A lot on here have known and been saying for years that the coach was not the only one responsible for this situation. "
"I agree higher ups need rearranging. But tell me Coryn, would we have a better chance winning a comp with BA or Bennett?
Coaching is not the no.1 issue, but is a big issue."
Coaching is not the no.1 issue, but is a big issue."
"All lives matter ALM even those that live and play in Darwin!"
"Chief, you have been warned off their site, are you being dishonest or disingenous?"
Replies
You really are dumb as dog shit aren't you Robert.
LOL - up here in QueeRZland one council was runing a business that mysteriously lost $78 million and the government has allowed ex directors (councillors) to run for re-election in current elections without doing anything about finding the money.
What really makes you think any government is concerned about alleged corruption when they get their cut?
Scumboy wil pass around the collectrion plate and bail theTurdBurglar out.
The question we should all be asking is where is Scumboy getting all the money he is throwing around?
October 2019 we were almost broke and could not afford social welfare, NDIS and so many other things - now he has almost $2 BILLION (and climbing) at his disposal.
Has he done a KRudd and borrowed from the Chinese?
When KRudd could not make repayments China simply did a deal to get control of every stategic port and a couple of airports and our National IT.
Which devil has Scumboy sold his soul to?
Col you're becoming almost as senile as Robert.
The government had actually got our budget under control and was on target to get us into surplus for the first time since the John Howard years until this disaster. The funds needed for the stimulus packages are coming from what would have been the aforementioned surplus, the government has acknowledged this, and the Opposition also unanimously supported the bill in the House yesterday. In fact, the ALP wanted to spend even more and send us further into the red.
So where has the funds come from ? Almost certainly China, who has become the world's lender of choice. That being said, they are to do so because they don't care about their own population. The Chinese government see their own people as expendable resources.
ScoMo has done a terrific job under very trying circumstances, but its far easier to sit back in your armchair and criticise, isn't it Col ?
LOL - you lads need to do a bit of economics study.
Firstly, the government was hell bent on delivering a surplus because it was a key election promise - the financial gain in delivering said surplus was tantamount to zero. It was like paying 5 bucks off a ten grand loan. There are people out there who actually believe that being "in surplus" means we are out of debt and making money. The surplus was a gimmick.
Secondly, the government aren't borrowing money from China. So far the bill for all of this is north of 200 Billion - the bulk of which has been injected into the financial markets. The money is coming from, essentially, quantative easing. Australian Govt. debt will soar past a trillion bucks in no time. Eventually, this will have to all be reversed - the US engaged in massive QE after GFC 1 and were actually starting to reverse it but have obviously aborted that altogether.
Bottom line is the World economy is, for want of a better word - fucked. The government are doing the right thing at the moment - they really have no other choice - but it will take decades and multiple generations for economies to truly recover from this. Hang on everyone.
Oh - one other thing - Corona virus or not the world was already at the end of a multi decade credit cycle and central banks were already doing bizaar stuff to keep the debt bubble from bursting (the US started pumping billions into their repo market back in September and are now over a trillion in repo injections). A crash was ineveitable and unavoidable - the virus has simply sped it all up a bit.
Spot on, Kram.
Everyone is talking about Recession but soon they might very well end up talking Depression.
Bretty babee one second you are saying I have NFI and the next you are agreeing with me.
Here's the deal - China is busy buying up all the world debt - and for what reason hmmmmmm?
Unlike the Western World, the Chinese will plan ahead for the next 100 - 150 years unlike our lot of losers (regardless of political pursuasion) who only plan ahead to the next election and how to remain in office.
Budget Deficits are great, however, whether or not the buget is under control while important is not the main issue. What is of more importance is the level of national debt. That is what Australia owes to overseas creditors. Both need to be viewed together and taken in context. Countries lose control of their own economy when the level of national debt becomes too large, this is happening now with many pacific nations borrowing too much from the Chinese.
Mostly, all you need to get the buget into surplus is a low Aussie$ and high prices for our minerals (most importantly iron ore). The liberal government has had this for a number of years. Contrast that with the last term of labor where the Aussie$ went well over $1US and commodity prices slumped.
When the Gillard government was turfed the level of our national debt was around $170billion. As of the last election under 3 terms of liberals the national debt had risen to around $540billion. The main stream media did not say much about this.
Now the government has increased the amount the government can borrow to over $860billion. I think given the economic effects of this virus induced recession the government had to do that but it is very scary. This is debt the next generation will have to repay.
In the relative good times since Abbott the government should have been putting away money as the Howard government did but instead the libs used it on tax cuts and propping up upper class tax perks.
Some fair points Elvis, but money is also v cheap at the moment and lots of infrastructre has been needed from yrs ago. I could go on but won't. Both sides have been guilty of looking only at the next election.
Great post mate - we could start a 300 page blog on this - maybe in a couple of weeks when everyones completely stir crazy :)
I'd love to hear your thoughts on what lays ahead etc but here and now's probably not the time - yet :)
Nothing else happening Kram
-
1
-
2
-
3
of 3 Next