Politics Super Thread - keep it all in here

[TrueTiger]

Yes,

China isn't just pushing up house prices and buying our raw materials.

China is for China. As it should be.

But we need to be for ourselves..

I have always had the same stance in regards to our housing for Australians...
Over the years we have had Govts that seem to ignore or put aside the Aussies dream of owning their own house to raise a family in...
They have squandered money into failed infrastructures or given moneys to help other countries which I dont mind,but there has to be a limit to that...
We as a country should be able to house people where they can afford the mortgage without excessive increases in interest or have a noose around their neck for 25 years while working to feed the family,car expenses,gas,electricity bills,health and food bills..
It is fine if you earn big dollars in a stable job,but many are on the breadline just covering all other expenses while trying to cut out a living comfortably..
I really think that putting a roof over Australian people heads should come first before selling off to other foriegn investors with big cheque books...

 

[earl]

I really think that putting a roof over Australian people heads should come first before selling off to other foriegn investors with big cheque books...

The problem is that this isn't the issue with regard to our high house prices.

The issue is twofold:-

1. Low interest rates. Which means we borrow more and more and more to out compete the next person.
2. A lack of supply.

The problem is basically us or human nature whatever you want to call it.

Government policies haven't helped but I think negative gearing has been more detrimental than any foreign investment.

 

[Cultured_Bogan]

The problem is that this isn't the issue with regard to our high house prices.

If the interest rates keep going up, there'll be plenty of investors fire selling.

 

[InBenjiWeTrust]

If the interest rates keep going up, there'll be plenty of investors fire selling.

There will always be people that blindly follow "you must be fool not to invest into property, don't warry, their prices always go up"🤔
While this could be the case in the long run, in the short run people, especially if they overinvested and loose their jobs, could face a bankruptcy

 

[Magpie_Magic]

There will always be people that blindly follow "you must be fool not to invest into property, don't warry, their prices always go up"🤔
While this could be the case in the long run, in the short run people, especially if they overinvested and loose their jobs, could face a bankruptcy

Obviously they didn't live during the1890s to 1960s when property didn't do much.

Can only imagine with deglobalisation capital will have to flow from housing to industrial capacity.

We will hear different mantras.

 

[Tucker]

So Earl,if someone did think that DeSantis handled the pandemic well,especially that he had an overwhelming win in the last election,its your opinion that should be noted and others are extremists...
If some one suspects that there may have been fraud in Trumps election and voices that as a free person they are also by your opinion extremists...
If some one shares that Putin is cleaning out a corrupt country and freeing its country from Azov Nazis that are killing their own people then in your opinion they are extremists...
Once again Earl I respect your input,but once you post that someone elses opinion is delusional and extremist and there is no place in OUR society for them is a petty statement...
The society that I live in gladly listens to everyones opinion while voicing their own in a constuctive conversation where solutions could be found without belittling,judging or criticising the people having that conversation...
Im glad that Im in my society and can only feel sorry for the one you live in...God Bless ...

There is room in society for every view, whether the loony left accept it or not.

 

[earl]

There is room in society for every view, whether the loony left accept it or not.

It's not like that though mate. The left just aren't the crazies. The left don't say elections were false or that COVID policies in Florida were bad compared to Australia when it's clear these policies killed people or that the Ukraine war is an act.

It's all the crazy right.

The funny thing is people like myself who are middle right are now left wing and it's happening everywhere. Normal people don't like extremists.

I get called left wing on this forum and I'm a capitalist who believes that your the best way ahead in life is to go out and do it yourself. I've read and loved basically all Ayn Rand's books.

I'll add that the crazy right aren't right wing like me in that they aren't capitalists. They are much more aligned to the Nazi's or other right wing populist movements that end up with a bigger autocratic government. It's the polar opposite to for instance libertarian type policies.

 

[Tucker]

It's not like that though mate. The left just aren't the crazies. The left don't say elections were false or that COVID policies in Florida were bad compared to Australia when it's clear these policies killed people or that the Ukraine war is an act.

It's all the crazy right.

The funny thing is people like myself who are middle right are now left wing and it's happening everywhere. Normal people don't like extremists.

I get called left wing on this forum and I'm a capitalist who believes that your the best way ahead in life is to go out and do it yourself. I've read and loved basically all Ayn Rand's books.

I'll add that the crazy right aren't right wing like me in that they aren't capitalists. They are much more aligned to the Nazi's or other right wing populist movements that end up with a bigger autocratic government. It's the polar opposite to for instance libertarian type policies.

You are 100% right but are forgetting groups like ANTIFA, Black Lives Matter and the Radical Feminist Army.....they are the looney left that I refer to and are every bit as dangerous as the far right crackpots.

 

[Odessa]

If the interest rates keep going up, there'll be plenty of investors fire selling.

I expect rates to hit 6 to 8 percent easy... it has to go above inflation to bring it down that's the way it's worked in the past and I expect to continue to be true house prices are inflated the RBA has done a very bad job for the last 20 years they have pump over $25 billion in to the housing market over the last seven years to keep prices high and the banks have to pay back all the cheap money they lent from the RBA at a higher rate it's going to be a Sh,t show I expect a 40 percent drop back to normal growth by 2025

Tom dick and Harry can not get the crazy loans that they have gotten the last few years to Pump up the price the banks mite take the Spanish way and give 7 year loan extensions to help people out

Jerome Powell wants inflation under control in the US and Australia can not really do a thing we are just sitting on the bus and New Zealand are about 6 to 9 months in front of us and they are going harder on rates they will get the pain over more quickly and Australia will be a long slow slaughter

 

[InBenjiWeTrust]

It's not like that though mate. The left just aren't the crazies. The left don't say elections were false or that COVID policies in Florida were bad compared to Australia when it's clear these policies killed people or that the Ukraine war is an act.

It's all the crazy right.

The funny thing is people like myself who are middle right are now left wing and it's happening everywhere. Normal people don't like extremists.

I get called left wing on this forum and I'm a capitalist who believes that your the best way ahead in life is to go out and do it yourself. I've read and loved basically all Ayn Rand's books.

I'll add that the crazy right aren't right wing like me in that they aren't capitalists. They are much more aligned to the Nazi's or other right wing populist movements that end up with a bigger autocratic government. It's the polar opposite to for instance libertarian type policies.

you will love this, one of my fav people Yaron Brook

 

[earl]

You are 100% right but are forgetting groups like ANTIFA, Black Lives Matter and the Radical Feminist Army.....they are the looney left that I refer to and are every bit as dangerous as the far right crackpots.

I never see them. That is the thing. Go and look at this thread. I'm convinced ANTIFA doesn't exist.

 

[earl]

Jerome Powell wants inflation under control in the US and Australia can not really do a thing we are just sitting on the bus and New Zealand are about 6 to 9 months in front of us and they are going harder on rates they will get the pain over more quickly and Australia will be a long slow slaughter

I'm not convinced on this issue. I think a lot of the inflation we are currently having is supply side related. If so it's not going away until those supply side issues are resolved.

I sort of agree in raising rates because it takes the heat out of the economy but I'm not convinced we need to raise too high and too quickly.

 

[Tucker]

I never see them. That is the thing. Go and look at this thread. I'm convinced ANTIFA doesn't exist.

Well they are certainly about.

 

[Magpie_Magic]

I'm not convinced on this issue. I think a lot of the inflation we are currently having is supply side related. If so it's not going away until those supply side issues are resolved.

I sort of agree in raising rates because it takes the heat out of the economy but I'm not convinced we need to raise too high and too quickly.

Agree,

But supply side issues stem from U.S. and western embargoes on Russia and sanctions on China.

With the U.S. retreating from globalization to save it's ass the supply side issues will probably get worse.

The west gave all its industry to China there's not much left sadly.

Another factor re interest rates is Russia and China encouraging dedollarisation in trade and the BRICS working on an alternative reserve currency. The U.S. minted so much currency they diluted their dollar .

It's all good when there is no competition. But that's no longer the case so they will have to offer a higher interest rate in order to shore up their dollar in coming years.

As @Odessa said we are just on the bus and the RBA are message boys.

 

[Odessa]

.

I'm not convinced on this issue. I think a lot of the inflation we are currently having is supply side related. If so it's not going away until those supply side issues are resolved.

I sort of agree in raising rates because it takes the heat out of the economy but I'm not convinced we need to raise too high and too quickly.

They don't have a choice they are going up up up unless you want the AUS $$ to be worthless then try paying back foreign debt with banana's and pineapple's


You should read up on the RBA's term funding facility the banks took out loans on ultra low rates from the RBA then parked the money back at the RBA at higher interest rates so the banks are getting paid to have taken the loans out with money the tax payers have to pay back


Then the banks get record profits paid for by you and me ......when they have to start paying the loan back starting next year your interest rates are going up twice one because of the RBA and two because you have to pay for the loans the banks took out because it's not coming out of there profit

 

[Tucker]

LOL creeps are gonna creep

 

[Jedi_Tiger]

You are 100% right but are forgetting groups like ANTIFA, Black Lives Matter and the Radical Feminist Army.....they are the looney left that I refer to and are every bit as dangerous as the far right crackpots.

the same woke that have infiltrated Rugby Australia have got into Cricket Australia with the take a knee stance at the test match.

 

[Tucker]

the same woke that have infiltrated Rugby Australia have got into Cricket Australia with the take a knee stance at the test match.

I wish we could leave politicising to those trained/specialising in it.
I mean sportstars and entertainers...most barely made it through high school.
Dumbarse people lecturing sheep will not provide a good outcome for society no matter what side of the fence you rest.

 

[Cobarcats]

So true. Indigenous people are not getting the right schooling. White teachers go to remote areas thinking they are going to make a difference but the fact is a huge amount of Koori kids can't even soeak english and those school lack resources to teach those kids. It's a double edge sword because we don't have enough indigenous teachers. It's a serious problem because the reality is the bkack fella is slowly being bred out in genes and culture unless we do something positive and intense. Just some thoughts I have had after talking to rellies who are faced with this very problem.

 

[Merlot]

the education system as a whole is letting our future slip,Graig Bellamy needs to get our pollys to play in the dirt,grounded,it seems more and more it is becaming an us against them,the mouths in charge are weak.as a stir ,i started(threatened the elite thinkers.hhhhaaaa)with starting a faction for 40% vote of their toss poddle meetings,we split the Dole Bludgers United into the /Pensioner Party,after the floods demanding people who really need the money should be recieving it.Yet only us in on the laugh/war path got a hand out,months later,which made us even angrier after our stories matched,(2 day)rumour has it NO:1 WAS looking for reciepts to cover junkits,FM.we all need to stop the hipocracy in our own front yards 1st