fork that Paul!! :o
employment is to be treasured not treated like somthing to do between fishing trips and lattes.
To me this is just normal financial constraints of life that I grew up in.Yes it will be tougher and the credit card 20 and thirty somthings will hurt ,but it couldnt keep going forever.
my point wasnt the price it may be worth, my point was people still have the money to spend if they want to
GMC: I'm to blame. I work for a newspaper. There - I've said it. Yes, doom and gloom sell newspapers, increase radio traffic and get more bums on loungechairs at the nightly news on the teev.In my house, we haven't watched the news for TEN years. (we rarely even turn the TV on at all, for months at a time). I'm also guilty of not purchasing a newspaper for a long, long while. Amazing how upbeat and happy everybody is when you ignore the 'Horror Movie' and look at the real world and real people around you.
The answer was simple all world contracts written in any country in the world are written in US dollars that is why if it goes down everything else drops with it.
GMC: I'm to blame. I work for a newspaper. There - I've said it. Yes, doom and gloom sell newspapers, increase radio traffic and get more bums on loungechairs at the nightly news on the teev.If you think OZ has the Pacific peso then NZ must have the Pacific ruble, try buying things when you doller equals 50 cents US , good time to sell all the bikes back to them ;D
And because we're exposed to it, we believe it and worse, become ingrained with it. So we - consciously or sub-consciously - go to bed at night with doom and gloom and "the world's gunna end" thinking. We have three people in our office with depression. We actually call it anxiety. It's all to do with the naysayers running things down.
If we just forgot about the US (pleeeze, can we ALL forget about the US) and got on with our lives and our families and eking out a sensible 15-VMX bike existence then we'll all be OK.
And while I'm here, what the hell did Australia do wrong as to have its currency reduced to a Pacific peso? We're economically as bad as the US? For heaven's sake. We live like kings compared with the average American (whatever colour).
Anyway, let's look on the bright side. My brother is working seven days a week at his stainless-steel fabrication shop. He hasn't got the time to get an offsider because that will take up too much of his time. I have renovations at home. I'm getting close to bribing tradesmen to get them to turn up. Car dealers may be moaning but they've just been through two record years and sales are back to pre-record years.
I know some people have been put out of work and I'm sorry about that. I'm merely saying that it's just not as bad as some ... er, me ... are saying.
Crisis? What crisis?
Smile people.......
Well, I got laid off last thursday - fork it!, who wants a 7 to 5 job with a 4 day weekend every second week close to home paying $120k + anyway? They (the whole world) can get forked! - but I'm not bitter!
I'm in Perth WA - that's the state they thought that China was going to keep going for the next 3000 years - gee, they dropped the ball on that one!yep the wave can only be ridden for a certain amount of time 8)
Oz would be similar.
Interesting stat, 97% of US vehicle purchases involve finance, take out the finance and you can imagine the rest.
In fact if you are not 'leveraging' your assets by one form or another (own your home, why not borrow against it to buy an investment property) you are considered a conservative fool and are going to be left behind.
What RECESSION (http://cgi.ebay.com.au/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MEWAX:IT&item=330322939518) ;DUnbelievable :o - literally :). He must have his mates bidding it up ;).
Gee Dave you musta had a bad day :P. Just be thankful you ain't a Yank :-[.
That's not what I was implying - if you become unemployed you will get some unemployment benefits, you won't be homeless in a tent.Gee Dave you musta had a bad day :P. Just be thankful you ain't a Yank :-[.
don't think for a second Australia has dodged the bullet, just needs time for the ripples to cross the pond.
Australia leads the world in household debt as a % of household income, with NZ a close second, What will stop both countries stone dead is any increase in borrowing costs...... hmmm maybe there is a reason interest rates have never been historically this low ;)..... what is happening is the Govt is buying an inflationary cycle.
(And I think the effects these days move faster than a ripple on water. If the ripple hasn't reached Oz it is more likely that it has been meet and countered by positives out of China.)
just imagine every Australian having shares in Rio and recieving dividends yearlyYou are close Trev, just substitute 'Chinese Government' for Australian ;D
Cheers Trev
Is there really a Global financial crisis ?$ 18000 , thats not bad
Just been offered a job at ............... as Electrical Superintendent for .................
$180,00 a year plus house and car.
No VMX up north ;D (suppose could start another club ;) )
cheers Alison
Allison - wouldn't happen to be a place that digs nice shiny things out of the ground that ladies love would it? If so think twice!!
cheers
Rossco
Dubai is having to find a rather large amount of money in a short period of time.... much the same as loosing your job when you owe 300 grand on your house.
no! its what ya shed beams are made out of. ;D and its not a tree ;) ;D
cheers
no! its what ya shed beams are made out of. ;D and its not a tree ;) ;D
cheers
Not with the three letters B H & P??? If so, be VERY afraid of taking any work there as a "Leccy" supervisor! :o
I'm no expert on Dubai's economy but the basis of their wealth is Oil, and that's pretty secure in the immediate feature.
Thanks for those youtube clips motomaniac---1/5 of the world cranes :o :o :oThose pics are surreal or unreal???
Like the oil rig that seem to have mysteriously caught fire off our West Oz coast which had been pissing oil into the ocean for months :( more ocean junk roosting (vmx in mind ;) ) sites for the Albertros and sea birds :(
Gee, that would explain all the Beemers left at the airport - you couldn't get outa the country fast enough. :P
Yeah i know a guy in that position, young expat kid who just lost his job, unless you find a new one pronto your residency gets revoked at which point you cannot leave until you settle with your creditors, AND if you can't you go to jail.
Thats great news VMX247 , I am planning to visit Perth Mint next week and do some shopping . Which airline was it ?
http://www.perthmint.com.au/metalprices.aspx
Just gone passed 46 per K and the fat lady has not even started to sing ;)
And brokers trying to make money by encouraging optimism and trading volume (profit to them) on the upswing and downswing :P.
I think it's a cyclic thing and will get better quicker than the 'glass half empty' cynics think.A bit more than cyclical methinks.....
hey Graeme,It's my motorcycling maxim not my financial maxim ;D. (A.K.A. Fear gives wisdom to the foolish). That is, a little fear stops me going too far (making a fool of myself financially or hurting myself physically :P)
Not sure I totally understand your 'Fear give intelligence to fools' tagline.
What is your reading of it?
VMX42
Good judgment has you treading a careful path between these two maxims/truisms ;)
Sorry, I can't give you a map or GPS references but I recommend one of these.Good judgment has you treading a careful path between these two maxims/truisms ;)
You wouldn't have a map of that path would you? Or a GPS file for the newbies? :D
Too right Graeme. All too true - but it is not what the average punter wants to hear. We are supposed to be the most educated humans ever to walk the face of the planet - but in reality we are as dumb as ever.Some good healthy skepticism there 42 :).
It is just like the industry built around 'weight loss scams'. The science of weight loss is just basic physiology, but it involves doing things that a vast number would really prefer not to do. So instead, to make themselves feel better, they read the womens magazine to hear about the latest miracle diet of the stars. And then a short time later the next miracle diet of the stars and so it goes on.
But if you try to tell them the truth… UGGGGGHHH - are you mad I can't do that!!!! Are you insane!!!! Well the financial markets are just the same, we do everything we can to get something for nothing and completely ignore reality. And you wonder why we get the governments we do - if they told us the truth they would be shot.
Gotta love human nature.And brokers trying to make money by encouraging optimism and trading volume (profit to them) on the upswing and downswing :P.
The Brokers story is so true. It is an industry based on participation and speculation with your money, nothing more. So long as the wheels are turning everything is just fine. Until you hit that bump in the road.
There is a simple BS tester that no broker that I have ever met could [or would] answer. "If you GENUINELY knew what was going to happen in any financial market, even just tomorrow… WOULD YOU TELL ME?"
The answer is 'OF COURSE NOT'. If they genuinely knew what was going to happen they would keep it to themselves.
Even if you knew to 80% certainty, you could make a fortune virtually overnight - and if you think they would tell you then you truly are delusional.
So the bottom line is that they peddle middle of the road, average products hoping to meet their budgets to get their bonuses. How it works out for the investor is never even considered.
By the way, that bump in the road up ahead looks like a whopper… better hold on tight!!
Some good healthy skepticism there 42 :).
If you've ever wonder what it's like to passenger a sidecar cross outfit, get into the stock market.
I don't think your kids will go far wrong with guidance like that :).Some good healthy skepticism there 42 :).
I really do try not to be a skeptic [my close friends will laugh at that statement ;D], but it is so difficult when you are constantly bombarded with biased, one eyed, misleading bulls$@t.
If it is not Gerry Harvey telling me I don't have to pay for 4 years, it is an economist telling me that now is a great time to invest, to a real estate agent telling me now is a great time to invest, to the financial adviser telling me now is a great time to invest… etc, etc…
I just feel that the harder they push their CRAP at me, the harder I have to RESIST. I almost feel it is my responsibility to show my ambivalence to their distorted, biased messages.
I know they don't really care about me or my welfare.
I am really happy [and somewhat proud] that both my kids have finely attuned BS meters and enthusiastically bag out the latest 'Current Affair' or Today Tonight' crap fest for what it is. I don't want them to allow that cycnacism to influence other parts of their lives, but a healthy level of distrust of the media/politicians/money makers will serve them well as they grow into adulthood.
It is sad that you have to, but if you couldn't laugh at them you would go mad and/or broke.
If you've ever wonder what it's like to passenger a sidecar cross outfit, get into the stock market.A great and topical comparison. But even for the monkey on an outfit knowing when and how to hang on, and when and how to 'bail' is the art of survival ;) :).
You are just the ballast, they can't go on without you and when they hit a bump it all goes up in the air and where you land is out of your control for the most part.
The best you can do is try to steer it from afar (no throttle, brakes or even handle bars) or jump ship-which by the way I've seen a few do.....
Sounds like life really.....
A great and topical comparison. But even for the monkey on an outfit knowing when and how to hang on, and when and how to 'bail' is the art of survival ;) :).
Ah Walter, ya bringing the anti-establishment rat bag out in me ;D. I couldn't agree more on ya observations or ya conclusions.
The stock exchanges provide two services to the community, one is to the economic benefit of society the other isn't. Stock exchanges are very important to the efficient assembling and allocation of capital in the economic process. The stock exchange is also a form a gambling which is not an economic benefit but rather an economic danger. Some stock exchange transaction simply concentrate wealth (when someone 'wins' someone also 'loses' the equivalent amount (less broker fees for buying and selling ::), of course :P)).
Graeme thats correct as long as there only many small players . But right now we have some funny mega players that can influence the prices by controlling media , to create flactuations and then buy or sell ahead of the average investor , ( takeover rumours etc) . So would not call it gambling anymore . Its more a rigged game .
Two years ago I could see whats coming and was labeled a half emty glas man. I would say your predictions are very accurate and the worst is yet to come . I got rid of many chrome shopping trolleys as I could and spent the proceeds on Aurum. Nil interest , but nobody can manipulate the value of that . With everybody trying to unload the sick US $ and the Euro going down everyday to kickstart the mega inflation to pay for the mounting debts , there is only one safe haven for most and that is gold or real estate. There could be some real classic bike bargains soon .
Greed is good. Gordon GeckoGreed is good - provided you don't get too greedy and don't get caught ;D.
culprits abusing antisemitic laws and think they are untouchable . The truth gets clearer by the day ;)
in reference to 090 cost of living.Yes but mx bikes are luxuries , cost of living goes up- bills ,food etc and other things go down because of supply and demand , theres more bikes being let go because folks need(or think they need) the $(maybe) ie more supply but demand is down because less people "think" they can afford an VMX bike for eg.
Just visited ebay and 4 nice pre85 bikes have been re-listed.Didn't reach reserve.
Many other items going cheap.
If your cashed up,its a nice time to buy. 8)
other notable's: Open event entries are down on events needing travel time etc.
Everyone's suck'n it up,till after election and tax time.
cheers
Yes but mx bikes are luxuries , cost of living goes up- bills ,food etc and other things go down because of supply and demand , theres more bikes being let go because folks need(or think they need) the $(maybe) ie more supply but demand is down because less people "think" they can afford an VMX bike for eg.
Living costs can shot up(inflation) and house prices go down(deflation) but the statistics for everything together will show that the inflation rate is stable at x%.
haha I knew that would get a bite! Essentials for some of us and expendable luxuries to others.So for the hardcore yes there is some good buys surfacing.US ebay is even better, heaps of trick stuff at reasonable prices at the mo. :)Yes but mx bikes are luxuries , cost of living goes up- bills ,food etc and other things go down because of supply and demand , theres more bikes being let go because folks need(or think they need) the $(maybe) ie more supply but demand is down because less people "think" they can afford an VMX bike for eg.
Living costs can shot up(inflation) and house prices go down(deflation) but the statistics for everything together will show that the inflation rate is stable at x%.
Luxuries :o I thought they were just run of the mill essential's,
you just wait till the Boss gets home >:( ;) :D
cheers A
yep motomaniac its all horses for courses ;D
I went looking for the oil price thread :( ,but seems to be deleted.The price of oil going up is not Libya it's the whole instability of the M.E. Libya is about 19th oil producer in the world and mainly supplies Europe. especially Italy.
So I'm posting up here.
On the news today with Libya and the cost of oil going up,it seems US is not too happy,as they where just getting on up the crest of the wave the price of fuel goes up. :(
Hope they get a change of economy or something to help em out..Didnt sound to good anyway !!
cheers A
It gave our useless, incompetent, lying, mindless, stupid, socialist, inept, misguided and completely hopeless current Federal Government an excuse to spend every red cent the country had plus most of the next 10 – 15yrs income as well, on the biggest raft of ill-conceived, mismanaged, wasteful and sometimes deadly programs ever imposed upon the Australian population who were expecting far better from their democratically elected Government. The Dudd and Dullard show OMG please let it end soon :'(I totally agree with Monty but the problem is will get the totally useless, incompetent, lying, mindless, stupid, get-rich-at-our-expense, inept, misguided and completely hopeless current Liberal opposition.(http://i323.photobucket.com/albums/nn458/mx250syd/icons/014.gif)
All in two sentences deliberately so you to can be breathless >:(
It gave our useless, incompetent, lying, mindless, stupid, socialist, inept, misguided and completely hopeless current Federal Government an excuse to spend every red cent the country had plus most of the next 10 – 15yrs income as well, on the biggest raft of ill-conceived, mismanaged, wasteful and sometimes deadly programs ever imposed upon the Australian population who were expecting far better from their democratically elected Government. The Dudd and Dullard show OMG please let it end soon :'(I totally agree with Monty but the problem is will get the totally useless, incompetent, lying, mindless, stupid, get-rich-at-our-expense, inept, misguided and completely hopeless current Liberal opposition.(http://i323.photobucket.com/albums/nn458/mx250syd/icons/014.gif)
All in two sentences deliberately so you to can be breathless >:(
;D
Name your poison - they are both poison ;) :-[It gave our useless, incompetent, lying, mindless, stupid, socialist, inept, misguided and completely hopeless current Federal Government an excuse to spend every red cent the country had plus most of the next 10 – 15yrs income as well, on the biggest raft of ill-conceived, mismanaged, wasteful and sometimes deadly programs ever imposed upon the Australian population who were expecting far better from their democratically elected Government. The Dudd and Dullard show OMG please let it end soon :'(I totally agree with Monty but the problem is will get the totally useless, incompetent, lying, mindless, stupid, get-rich-at-our-expense, inept, misguided and completely hopeless current Liberal opposition.(http://i323.photobucket.com/albums/nn458/mx250syd/icons/014.gif)
All in two sentences deliberately so you to can be breathless >:(
;D
I note you are comfortable with Socialist ::)
Monynut, you have a way with words...and I agree 100%.....they might have had some money left in the kitty to help pay for all the carnage thats happened in the last few months and help AUSTRALIAN's in stead of dishing it out to all this foreign shit...... >:(
[/quote
I think a few Australians could help themselves a little harder. Foreign aid is what we do for the same reason as fixing the carnage in Australia, you are extending a helping hand to your neighbors and doing things for the general good.
This pattern has happened before in 1976-80 where you have a couple of oil shocks triggering double dip recession, I think the real recession comes next. " the creation of wealth without a corresponding increase in economic output is done at a nations peril", Adam Smith.So it was 76-80 oil shocks that caused the double dip recession---here I was blaming foward slant Konis on a poorly set up MX250 that sent me over the bars :D :D :D
Well we didnt get sucked into a finaicial debt vortex....
but I'm seeing the non spending happening across all aspects of life here in the down under.!!
cheers
All they did , is made more room for the bubble and people with long shoes . :D :D :D
For a while now I've been watching the business I work for slowly go under .
It's not a dramatic thing just a slow slow death.
The US Federal Government took on the debts of the private sector which sunk it, ...........
The performance of the Australian Banking Service Indusries probably had more to do with keeping Australia out fo the shit during the GFC than the resource industry.
But with GFC II just round the corner I think the Australian households are in for a rough ride.
Like I said before I think the US$ is based on bulls*hit and its a problem that most international trade is based on it. Maybe we all should go back on the gold standard. Look at the worth of the US$ vs the gold price, halved in how many months?
cheers
If i was running the planet I would allow for devaluation of the US, increase interest rates in the US to 4-5%, make clear renegotiation of the US sovereign debt position.... kick 4 countries out of the EU and allow their people a chance of default and restructure under the IMF auspice and the comparitive value of their own currency to the Euro. .... see job done.Got my vote ;D
Marc at last some sence there has been none since Rob Muldoon come home and run gods little shang ra la of the South pacific.
Yes next year I am coming home to lead my people,You stopping off in AUS marc ? cause I might have a small job for you. ;D
You stopping off in AUS marc ? cause I might have a small job for you. ;D
I would have thought that with the dollar the way it is we would be pouring enough back over there just in VMX purchases. :D
For a while now I've been watching the business I work for slowly go under .
It's not a dramatic thing just a slow slow death.
The US Federal Government took on the debts of the private sector which sunk it, the Australian Government is yet and probably unlikely to be forced into this position due to Australian Banks low risk exposure and relatively responsible governance. The performance of the Australian Banking Service Indusries probably had more to do with keeping Australia out fo the shit during the GFC than the resource industry.
But with GFC II just round the corner I think the Australian households are in for a rough ride.
make clear renegotiation of the US sovereign debt positionthats the plan ,they will loose their sovereignty to the IMF like Greece and the rest..
Interesting day yesterday on Wall St .....
yes indeed with the closing today another 45 billion lost in the back pocket...dollars down,oils down-fuels to go down (fingers crossed)and as Nathan says "the sky hasnt fallen"
cheers A
frightening , very frightening :o
No,its failing.Yes they dont need the IMF they can easy loose their sovereingty to China or do the Hitler thing and tell them to go jump with the owed money and then try and gain control and power over other countries - oh their done that already which brings us to the middle east.Japan wont be buying up treasuries with their problems , they are looking to unload the ones that they already have to get cash after Fukushima .make clear renegotiation of the US sovereign debt positionthats the plan ,they will loose their sovereignty to the IMF like Greece and the rest..
The US is the ultimate too big to fail economy, they don't need the IMF to renegotiate their debt for them, they can demand and likely recieve a chunk of debt forgiveness from Japan, China and the Middle East..... its only paper after all.
So the price of bikes will drop as the market flattens and people have to sell off their surplus toys. So if you're cashed up you can buy up.
and yellow metal as much as possible .( so far it went up by 15 % already ) I realy think this is the beginning of a new era . Well tomorrow morning should tell us a far bit more .
Im too stupid to buy gold and I'm to busy and lazy to sell my bikes.
What could possibly go wrong - the sun shining, the birds are singing; an absolutely perfect winters day.
Have a great day guys :).
You barsta#d , not snowflake. :oWhat could possibly go wrong - the sun shining, the birds are singing; an absolutely perfect winters day.
Have a great day guys :).
Here here...lambs are being born and Spring is near...Meat in our freezer ..yippie ..Sorry poor little snowflake :-X
Have a great Day !!
You could also invest in old rare bikes or cars , but I think it will be much easier in 3 years to sell some bars than a immaculate CCM .
Let me explain the little knowledge I have ( or how I see it )
Last year gold was AU $1294 per ounce , right now today before opening it is $1589 , but already on the rise in Wall street . So if you bought 12 months ago and sold right now , you would be $300 better off . BUT ... the big but is , Inflation . Inflation we will have lots over the next five years , thats how America and Europe will pay for their debts . This inflation has been created again , so the big mass will pay for the debt und not the ones responsible for the mess they created ( wallstreet and politicians )
Gold yields no interest and its possible positive return is only based on speculation and fear for safety . Its a safe parking spot when everything else fails ( like at the moment )
The bottom line with gold ( or most metals) is , you may not make money , but you will retain its value in real buying power .
You could also invest in old rare bikes or cars , but I think it will be much easier in 3 years to sell some bars than a immaculate CCM . Having said that , if you have heaps of spare cash and use a small percentage of your wealth to pic up the up coming bargains , why not .
Seems that the Chinese aren' the forgiving type's. They called for replacing the US$ as te international currency today .They also are talking about "International Supervision" the US debt crisis. :oThey were always going to do this given the chance.
You barsta#d , not snowflake. :oWhat could possibly go wrong - the sun shining, the birds are singing; an absolutely perfect winters day.Here here...lambs are being born and Spring is near...Meat in our freezer ..yippie ..Sorry poor little snowflake :-X
Have a great day guys :).
Have a great Day !!
Ps I used to have sheep but couldn't come at eating the cute little innocent trusting lambs.
Seems that the Chinese aren' the forgiving type's. They called for replacing the US$ as te international currency today .They also are talking about "International Supervision" the US debt crisis. :o
Thank God for Real Estate. Even if it stagnant at least it ain't going backwards (yet ::)).
But Australians have been paying down debt and saving better in the last 4 years. Still exposed but not quite as badly as before. Still a worry ::).Thank God for Real Estate. Even if it stagnant at least it ain't going backwards (yet ::)).
Yet, Australians have increased their household debt 4 fold in the last 18 years to have the highest level in the developed world, with NZ and Canada in the 140-160% range. Makes us uber sensitive to changes in interest rates.... at the moment Italian sovereign bonds are yielding 7%, so why would you loan money to an Aussie bank trying to offer finance or a German bank writing off Greek debt at much less than that, apart from risk aversion. Our position is not unlike the UKs was in 2008.
Talking of Sydney, the other saving grace of Real Estate is the shortage of homes. By 200,000 in Sydney if what I've heard is correct or believable. I believe the other brake on Real Estate is land release - thank God
Seems ironic to me that at a time when we must work hardest to try to stop destroying our planet, we must sell sell sell the very stuff that's doing the most damage to just keep our heads up.
To have led a resonable and simple life just doing what I needed to to get by with what I wanted from it and not get greedy with my demands of life only to now be pushed arse over by bastards that live their very lives by the opposite doctrine-I'm getting very angry about it all.
Seems ironic to me that at a time when we must work hardest to try to stop destroying our planet, we must sell sell sell the very stuff that's doing the most damage to just keep our heads up.
To have led a resonable and simple life just doing what I needed to to get by with what I wanted from it and not get greedy with my demands of life only to now be pushed arse over by bastards that live their very lives by the opposite doctrine-I'm getting very angry about it all.
Mark acording to real estate agents i print for in Auckland only half the houses for those looking and silly money being asked and houses on rise for first ime in 3 years.Well done with car,i cant get any dealer to move on a XR6 ute,feckers
So you have apprentices with brand new cars and 500K homes
Trades are popular. Good money in most trades now days (mechanics being the most notable exception).
Yeah? The wheel has or is turning then.
I reckon that they're more valued/higher paid and consequently more popular than they were 20 years ago.
Don't get me started on management graduates...As Marc has said management degrees are a great addition to an engineering degree (my opinion here) bloody useless without that engineering degree.
when you look at what sparky's and plumbers get and the minimun amount of tools you need
my lad served his 4 year apprenticship as a panel beater, he got a huge wage jump from £5.75 an hour to £6.05 ..he now works at a recycling plant for £10 an hour ...go figure
my lad served his 4 year apprenticship as a panel beater, he got a huge wage jump from £5.75 an hour to £6.05 ..he now works at a recycling plant for £10 an hour ...go figureThat's madness.
as a sideline the building industries get the help from the gov ie 1st home buyers ,build a new house even if you are an investor we will give you money-propping up the builders,farmers get the same handouts when times are tough drought etc.but if you are in others industries you get nothing apart from rent increases,epa increases etc
Yeah farming gets supported in ways that no other small business benefits from, there has always been farm subsidies,I was a farmer Marc and I never saw any of these subsidies.
Just sold our farm in Switzerland the other day . For the 25 Hectares , the government used to pay 75 k/ pa just in subsidies. Dont know how much longer they can sustain those amounts . It did hurt to see it go for all the memories but on the other hand I feel it was best to move it , before the market fully drops . Because without the subsidies you can just about deduct the last Zero on the value .I didn't know the Swiss were up to these tricks and distortions. My sister is married to an Italian living in Umbria Italy.
I didn't know the Swiss were up to these tricks and distortions.Almost every major country does this or similar. It is probably insane in the longer term to forego your heritage and your ability to feed your own people, in the name of profits. Russia drops $10+ billion per year minimum, Europe drops a massive €57 billion on subsidies to farmers and fishermen. The USA, that great centre of capitalism, subsidises primary industry directly to the tune of some $20 billion per year, however the total in grants and subsidies is supposedly an amazing $180 billion per year. Anybody who has to deal with China knows that everything is wrapped in protectionism of some form and they are pouring in funding for infrastructure and tax rebates to the tune of $20+ billion per year. Korea? $21 billion. Turkey punts 8% of GDP to its farmers.
Just sold our farm in Switzerland the other day . For the 25 Hectares , the government used to pay 75 k/ pa just in subsidies.
Interesting figures Luke. You seem particularly well informed 8).I didn't know the Swiss were up to these tricks and distortions.Almost every major country does this or similar. It is probably insane in the longer term to forego your heritage and your ability to feed your own people, in the name of profits. Russia drops $10+ billion per year minimum, Europe drops a massive €57 billion on subsidies to farmers and fishermen. The USA, that great centre of capitalism, subsidises primary industry directly to the tune of some $20 billion per year, however the total in grants and subsidies is supposedly an amazing $180 billion per year. Anybody who has to deal with China knows that everything is wrapped in protectionism of some form and they are pouring in funding for infrastructure and tax rebates to the tune of $20+ billion per year. Korea? $21 billion. Turkey punts 8% of GDP to its farmers.
What of Australia? Second from the bottom.
Who is indeed wide-open and truly on the 'level' playing field? - urm.. guess - New Zealand!
Luke
like france big hurd is 20 cows in a barn-bloody riping the tax payer money
Another downward indicator..............and the pollies are still at each others throats..........and The Market still votes with it's feet ::) :P :-\.
You cannot have monetary union without political union............It was my impression and assumption that 'they', the shadowy grey suited euro technocrats in the back ground, intended greater political unity and were working their way towards that aim step by step. In fact I thought the Euro was stage one designed to highlight the benefits and, to some degree, to 'get them comfortable' and to 'lock in' the likely partners.
Where to now Magoo? :-\.
There are many signs of an upcoming brew ;)But I dont think its the Germans this time , that will make the first move .
In 1941 the Germany Invasion of Greece was an ill-advised time wasting distraction away from the Main Game. Germany had no interest in the Mediterranean pint size excuse for a country. The only reason Germany did it was to save their ally Italy.
OR Germany could just go old skool and invade Greece ;D
And Iran are looking to get the 'BOMB' Good-oh!
Maybe the Mayans were right-2012--dodododo.......
I know exactly how tolerant Israel will be; zero tolerance. They have said so multiple times and have carried out their threat in the past (http://en.wikipedia.org/wiki/Operation_Opera).And Iran are looking to get the 'BOMB' Good-oh!
Maybe the Mayans were right-2012--dodododo.......
How tolerant the US and Israel will be of an Iranian nuclear capability remains to be seen.
Yeah, for all of us :-[ - the Israelis have threatened to use tactical nukes :o to ensure destruction of the well hidden well protected (dug deep into sides of mountain with entrances in steep valleys to prohibit cruise missile or glide bomb approaches). I wouldn't doubt them. There is some very high level, high risk brinksmanship happening between Israel and Iran, and their sponsor states/allies America and Russia.I know exactly how tolerant Israel will be; zero tolerance. They have said so multiple times and have carried out their threat in the past (http://en.wikipedia.org/wiki/Operation_Opera).And Iran are looking to get the 'BOMB' Good-oh!
Maybe the Mayans were right-2012--dodododo.......
How tolerant the US and Israel will be of an Iranian nuclear capability remains to be seen.
this time , maybe the last time ;)
How tolerant the US and Israel will be of an Iranian nuclear capability remains to be seen. I am not sure they will get quite the same encouragement as the Pakistani's in developing a nuke. I am always intrigued that the Manhattan Project took the entire technical and almost the entire financial wealth of the USA, on a total war footing to build a nuke, now it seems like anyone with a Kaftan and sandles can whip one up for chump change.The basic research (metallurgy, separation) cost a heap because they persued every type simultaneously, to get something done FAST. The enriched (high %) uranium 235 'gun type' bomb is NOT a technical marvel, once the basic physics was sorted. Even back then, they didn't bother testing it (well, apart from Hiroshima), because they knew it would work. The deep tech was the plutonium implosion bomb, the initiators, and the efficiency (ie use less, get a big bang). The ONLY reason everybody has the type of reactors in use around the world is for the production of plutonium 239. The isotope seperation of U235 is tedious, but technically within reach of any modern scientific group and the centrifuge method is readily available. There is a truck-driver (John Coster-Mullen) in the USA who has published every single tid-bit ever made available on the U235 bomb.. available from Amazon!
I wonder .. could it be that the USA wants to invade IRAN because they are now selling their Crude Oil in EURO currency.....nah must be another conspiracy theory !!!???Or is it that trading in Euro's is part of a 40 year old diplomatic antagonism between the two? And of course all other countries are now kicking themselves that their international reserves are not held in Euro's at the moment. ::)
Nathan I could be wrong, but with the so called "super raid", wont the squillionaires just put there money/equities somewhere else?, I mean they didnt get all that money being dickheads so I'm sure if it was going to hurt them in any way there financial advisers will just tell them to stick there money "here" so to speak......and so goes another "gee, we didnt think that they would do that?" senario like the mining tax....and the coffers will still be empty. Swan is hell bent on making Australia a communist country where everyone has the same....but it will never happen.....the muslims will own us before then. The sooner the election is over the better, then business will pick up for everyone.
As long as we have a voting system based on money (that is financial backing) it will never be a govt "of the people for the people"
That's correct Nathan, the problem with deductions applicable to your before tax income is that it favours the people who don't need it the most. Also low income earners (below 20K) have to pay more tax to put money into super than if they put it in their pockets ??? Both these things had to be fixed.
Do not believe the shit that is spewed out by the Murdoch media outlets.
Cheers, Grahame
Most wealthy people have self managed super funds and are probably ahead of the game anyway.
When super first came out, the accountant I had at the time told me to put the absolute minimum possible into it as I would never see it.
Maybe so but I dont think many of the wealthiest people do that , they dont lock up capital like that.Most wealthy people have self managed super funds and are probably ahead of the game anyway.
When super first came out, the accountant I had at the time told me to put the absolute minimum possible into it as I would never see it.
Good advice , although the idea of super is that more people can support themselves in retirement , with our system you give your money to sharks that speculate it and make fat profits for themselves until a market crash wereby they then walk on leaving you the investor with a big fat lose.
and the wealtheist people dont even have super funds ,they might have shares,property or whatever but not as a super fund.
Maniac , under section 23 F you can run shares , property , metalls you name it . All in the name of super . It acumulates free but you cant touch till retirement ( 55 being the earliest )
I agree with what you say Nathan, but the rich will find another way to dodge it, what did Kerry Packer say.....it's called tax minimalisation (I know I farked that word up ;D)
Been stockpiling cans of baked beans just in case.Your arse will sound worse than the Honda 4 hahahaha
Compulsory superannuation is a good thing (brought to you by Labor...). However, during the Howard years, it became an income tax dodge that massively favors the wealthy at the direct expense of government revenue.
Maybe so but I dont think many of the wealthiest people do that , they dont lock up capital like that.
Saturdays Australian had an interesting article.If that is the case, and God forbid it is, it's another step towards revolution and heads will roll...........
I haven't read it in full so don't take it as gospel but the judges and possibly state politicians will most likely be exempted. Smack's of different laws for them type stuff - those pieces of shit get away with too much !!!