Category Archives: Economics & Finance
From this article today, which you may have seen on television today if you watch ABC.
Now watch the video again considering these details which you may have missed:
1) Food was being delivered to people who would otherwise go hungry.
This means poverty is severe and welfare is clearly failing. This generally means there are very limited prospects for employment in this area because money is simply not flowing in this community.
2) Tons of food was being transported, in particularly vegetables and bread. Question is why aren’t these products being sold in supermarkets? Are supermarkets simply squeezing out local manufacturers?
3) The young woman (Stacey Binns) was working for no payment.
This means no amount of work she was doing would increase her disposable income, and would not start money flowing in her community. Therefore what she was really doing was being forced to perpetuate the poverty in her community.
4) The young woman (Stacey Binns) quite rightly pointed out that there are hundreds of application for every job advertised. Her chances are slim of getting out of the poverty trap deliberately created around her.
5) This is one of 18 high unemployment areas around Australia where this scheme has been rolled out this month and already the federal government wants to expand the scheme further making it nationwide by July 2015.
6) The government will spend 900 Million dollars rolling out this scheme, that’s almost enough to send a rover to the surface of Mars. It well known that these schemes are generally not successful and actually if anything reduce the chances of transition from welfare to work.
7) 900 Million dollars is enough money to give 18,000 people 50, 000 for one year, I think 18,000 people having a basics income would generate more jobs than a downward economic spiral. The almost 1 Billion dollars will be wasted on a variety of corporate scumbags lining up for a hand out while attacking people on benefits.
8) Work for the dole or ‘help and hassle’ welfare schemes only really function when the economy is super hot and unemployment is extremely low (2% or less), not when unemployment is well above 5%.
9) All of this has been tried before and even without the stipulation to engage in slave labor, when there are no jobs no amount of looking for them will be successful.
Proof? (Warning kiwi accents.)
I cant try any harder!
-A young man shows quite succinctly by canvassing numerous Auckland suburbs that the jobs were simply not there.
The clip is from a much larger series by Alistair Barry which you can find links to here:
Don’t be too impatient give it a few minutes, you are practically looking at a working crystal ball, everything you are seeing now in the Australian economy was tried in New Zealand 25 years ago. The result was a disaster, by the time the right wing neo-con government was voted out off office in 1999 , the economy was shrinking at 2% though strangely the government statistics department was claiming it was growing at 2%. Though that is a separate scandal in itself which strangely got very little media traction. Of course this all happened while most western economies were booming, showing how much of a complete failure it was to improve the economy.
This of course was simply a tactic to reduce the average wage and introduce a whole new strata of New Zealand society to a lower standard of living ,and quite a few to abject poverty. Interestingly this right wing government launched a radical slashing of welfare just after assuming office on a strong majority after a lack luster two term Labour government with leadership changes in the dying days, sounds too bloody familiar.
For reference in 1991 $50 NZD was worth about $86NZD in today’s money. The inflation problems experienced in Australia in the 90’s had already happened in NZ in the 80’s. Food prices are comparable with Australian prices though meat is about 20% less expensive due to exceptional livestock rearing climate (fertile soil, lack of drought and neither too hot or cold most years). Beer and other alcohol is 50% cheaper due to much lower excises, personally I think if it wasn’t the country would be empty and Bondi Beach would be full. New Zealand actually produces enough food to feed itself and all of Australia, a good reason to be in the good books with the bloody kiwis, or at least have a comprehensive invasion plan.
Submitted by Mike Krieger of Liberty Blitzkrieg blog:
This is a fascinating development and one that I had no idea was happening until today. It seems that rallies are spreading throughout Germany protesting the corrupt and dying global status quo. One of the key targets of these groups is the U.S. Federal Reserve system, which as I and many others have maintained, is the core cancer infecting the entire planet.
According to the organizer of these rallies, they have now spread to up to 100 cities and have a combined attendee base of around 20,000. What is also interesting, is that the mainstream media in Germany is calling them Nazis. In Germany, if you don’t support Central Banking, this apparently means you are a Nazi. What a joke. Just more proof mainstream media everywhere is complete and total propaganda. It is also a good sign, since it shows the desperate lengths to which the power structure will go to keep their criminal ponzi alive.
Do these folks seem like Nazis to you?
I wish we could all ‘do the heavy lifting’ like Tony Abbott and his family are.
Dad bringing home 500,000 per year with a guaranteed superannuation of 200,000 per year plus perks, Daughter getting a full scholarship to university, Mum used to work for the Rothschild’s (masters of of the financial universe) bank. Gee they are doing it tough! Well they would be doing it tough if the average wage was 2 million per year, but its not. This greedy pig has his snout in every trough and is as corrupt as they come. He has the audacity to talk about doing things according to the constitution. Well Mr Abbott, the Australian constitution I have read clearly specifies the penalty for treason as being, death by hanging. What is does not specify is where the culprit is to be hanged from. Honestly, it’s looking more and more likely that Tony Abbott will be the first sitting Prime Minister of Australia to be hung for treason, and I suggest that if we can’t hang him by the scrotum we’ll hang him by his ankle…until dead.
Old money is behind politics, as the puppet masters.
If a typical individual could learn how to do your job in two weeks or less, you are at serious risk.
Guess what Australia, you are 30 years behind New Zealand!
A wave of shocked silence followed by jeers echos across the country…
Australians all angrily ask “What are we behind in?”
“Apart from Rugby Union and occasionally Netball we are not behind New Zealand!”
Only if it was so unimportant as sport, you might see whats really going on. You have been blinded by bread and circuses, or perhaps beer and footy.
Split Enz, from New Zealand in 1981, with a song written by Neil Finn, unfortunately history does repeat.
New Zealand, for decades, has been a social policy test tube for the western world. A small, largely isolated population that reeled from the Neo- con ‘shock doctrine’ of Chicago school economists.
Even more surprising was the fact that this hard core Neo-con agenda was run by the New Zealand’s Labour party, a political outfit more or less akin to the ALP in political ideology and electoral significance.
Well it would have been akin to the ALP, if it wasn’t for a few key individuals who drew inspiration from Thatcher and Regan who were in office at the time in UK and USA respectively.
Would you like to look into a somewhat tame version of what is happening now in Australian Politics with the Abbott/Hockey budget?
Have a glance at these somewhat surreal crystal balls, telling you a potential future for Australia from New Zealand’s troubled past.
If you do not watch these films, you only have yourself to blame when further nasty surprises happen!
Its worth pointing out that despite this film being made more than 12 years after the neo- con ravage and upheaval in NZ, it was effectively banned from NZ television until 2003, nearly 20 years after the events it portrayed. You might ask why, and that’s the exact question the New Zealand Government didn’t want its citizens asking. Citizens who were now being treated as units of economic production.
Another film by the same director (Alistair Barry) about the same events from a slightly different and more enlightened perspective, explores how the Reserve Bank of New Zealand was behind many of the initiatives. Curiously the director said his main inspiration for making the movies was he had so much footage that simply made him angry, and he had to understand why it make him angry, and what was actually driving the economic and social carnage witnessed.
Both of the films heavily feature television archives, which many New Zealanders would have seen as part of news broadcasts at the time of the events, some clips appear in both films because of the significant to both stories and the political history described.
Split Enz I walk away; 1984, from their last album.
Perhaps Split Enz saw the (economic) writing on the wall, splitting up in 1984 and temporarily moving to Los Angeles before morphing into ‘The Mullanes’ and finally ‘Crowded House’ and moving back ‘home’ to Australia.
The opening credits of this video sadly will not put to bed any lingering debate over whether Crowded House was Kiwi band or and Aussie band, as Hester had joined Split Enz before the remainder of Split Enz became ‘Crowded House’.
The best compromise to this sometimes confused friendly debate is best settled with this: Crowded House was a Melbourne band that formed in the USA from the remains of a New Zealand band.
Welcome to the confusion and dislocation of the shock doctrine and globalization.
And finally Crowded House ‘Weather with you’ from 1992. When the rapacious globalist corporations come, they bring the weather (and its not good weather).
If you don’t think it can happen here, this week should have been a wake up call, Chile was taken by surprise in 1973, as was New Zealand in 1984, will Australia wake up and get wise in 2014?
History does repeat.
What was once a purely New Zealand phenomenon can easily become completely ingrained in Australia, be it music or political ideology.
RIP Paul Hester
So one of the biggest stories in technology in the last year or so has just happened. A small company called Oculus wanted to make an attempt at a Virtual Reality (VR) headset, nothing new here various IT companies have been trying to make VR a commercial success for more than 20 years. What was new was the mode of funding and the ultimate purchaser. Kickstarter,( which was normally used by small player to get some money to record a CD, write a book, or produce a small gadget) was used to acquire 1.2 million USD for Oculus development version VR headset (AKA goggles). One of the biggest kickstarter projects ever. From all the hype generated the dying dinosaur Facebook smells the blood in the water and buys Oculus for 2 billion dollars. Depite the Kickstarted backers getting the prototype VR headset as promised, a lot of backers were really angry, they felt that they were supporting an independent company not making a R&D donation to the oh so creepy Facebook.
What does this mean?
Kickstarter has had its day, people will no longer want to donate to companies unless it really a forward purchase. Other companies like Kickstarter are emerging and now and will offer a shareholding in new companies.
Crowd funding will become crowd micro investing.
Oculus will be associated with the creepy surveillance of Facebook.
Facebook will probably ruin the potential Oculus like some many previous failed attempts to make people use VR. Farmville in 3D really has very little extra appeal.
It’s no surprise that this happened when corporations got their hands on free money
Sony have similar VR project , but have none of this baggage and may just be more successful because of the negative publicity gathered by the aforementioned rogues.
A friend called me just over a month ago telling me about Maxcoin, the new Max Keiser endorsed crypto currency. I said I do some research and let him know if it was wort thinking about or investing in.
Yes it really was the new Max Keiser endoresed cytpto currency, he previously endorsed the copper lark, which you probably haven’t heard of because it was a pump and dump scheme, and few people still take it seriously.
This fact alone was warning enough, there were some rumors that the SHA-3 algorithm has NSA back doors in it, but I was out at pump and dump.
Then came the famously botched launch, a huge pump and dump and then, living in denial for the next month, thinking eventually the price will spike like it did in the early days (not realizing that was pure market manipulation). And then a flood of articles pronouncing it dead and buried, told ya so.
Currently a max is worth 1/1500th of a bit coin and the value is steadily dropping, completely defeating the entire point of a crypto currency.
Originally a site for trading Magic the Gathering (MTG) cards, Karpeles purchased the exchange shortly after it was converted to a Bitcoin trading site. MtGox under the ownership of Karpeles became the largest Bitcoin Exchange in the world handling 70% of Bitcoin trades.
For more than six months there have been complaints of extraordinary delays in cash payment for bitcoin on the exchange. This fueled rumors leading many to believe there were no actual funds available, and that the site was manipulating the price of Bitcoin and taking large speculative positions rather than simply being a exchange fee collector.
On 24 February 2014 MtGox announced it had lost 744 thousand Bitcoins due to previously undetected frauds. This would be worth 372 million dollars, 16 times the value of the company, its unlikely that such a large fraud would go undetected for such a long time in a highly computerized business with only 10 employees. MtGox’s problems have been known internally for some time and exacerbated to damage to the Bitcoin community by trading while insolvent for some time. It seems highly likely this was a deliberate fraud by one or more insiders.
More than 100,000 people have been left with a loss by dealing with MtGox 90% of them outside Japan.
So MtGox is gone and has left a massive dollar hole in the Bitcoin market, which all goes to show centralized control of a currency is the real problem.
Dogecoins value and trade volume have been unaffected by the controversy reported a Shiba Inu spokesman.