Chronicles of a stable genius - all the biggliest stuff

[erogenouszone]

Let me know when you think that might be.

Woodside looking alright. 10% dividend fully franked, down 10% today.

They reckon when the markets open tonight it's going to be another bloodbath.

I can see a certain twisted logic behind these tarrifs. It's essentially an unprecedented move to attempt to negate the offshoring of manufacturing and consumer good reversing an almost 60 year trend. All of those years ago in Seattle anti-globalisation protestors were going bananas about this sort of thing in regards to the offshoring of everything which essentially made capitalism the complete and totally unchallenged political and financial ideology on the planet. Nothing even comes close and it's because of the trend of past decades. Either this is another Trump bluff where everything folds and negotiates back to Trump's original bargaining position ( whatever that is in this case ) or those protestors all those years ago ( funny how they moved onto other causes ) who were going bananas finally get their wish and globalisation resets so to speak and contracts the world economy in a big way. Let's see who folds first, hence the panic.

Anything energy or defence related is good long term investment.

 

[Lupi]

Yeah renewables are a scam. Cheering because I've received my third zero electricity bill in a row. 12kw system, no battery. I'm +$150 in credit.

Bloody lefties and their climate change bullshit.

your electricity is subsidised

 

[Muz]

I can see a certain twisted logic behind these tarrifs. It's essentially an unprecedented move to attempt to negate the offshoring of manufacturing and consumer good reversing an almost 60 year trend. All of those years ago in Seattle anti-globalisation protestors were going bananas about this sort of thing in regards to the offshoring of everything which essentially made capitalism the complete and totally unchallenged political and financial ideology on the planet. Nothing even comes close and it's because of the trend of past decades. Either this is another Trump bluff where everything folds and negotiates back to Trump's original bargaining position ( whatever that is in this case ) or those protestors all those years ago ( funny how they moved onto other causes ) who were going bananas finally get their wish and globalisation resets so to speak and contracts the world economy in a big way. Let's see who folds first, hence the panic.

Anything energy or defence related is good long term investment.

All that's well and good but the facts are nobody wants to pay $4000 for an iphone or even $3000 for a bike that China can make for $300.

Most trade is bilateral and generally favours both parties.

Saw one idiot senator whinging that you don't see US cars in Europe? Pretty sure that flog has never been to Europe. 99.9% of people there wouldn't buy a big piece of shit American car/truck even if was half the price. That is if it met emission standards to start with, which they generally don't.

Even if they move factories back, pro-tip, they won't, so many materials and components come from overseas that the cost will be exorbitant due to these tariffs. Inflation will go up in the US and it's likely that will cause a recession.

It's always come down to this, do you want cheap stuff made elsewhere or expensive stuff made here?

 

[Muz]

your electricity is subsidised

So's your mental health care.

 

[Muz]

your electricity is subsidised

Yeah 'subsidised' big time. You really have no idea. I sell it back into the grid at 7c a kW/hr and the pricks sell it for 35-50c a kW/hr. I'm the one subsidising the electricity providers who are getting cheap renewables and not compensating me/us properly.

Enjoy paying bills do you?

 

[Lupi]

Yeah' subsidised' big time. You really have no idea. I sell it back into the grid at 7c a kW/hr and the pricks sell it for 35-50c a kW/hr. I'm the one subsidising the electricity providers who are getting cheap renewables and not compensating me/us properly.

Enjoy paying bills do you?

did you get your panels for free?

do you pay taxes?

 

[tsf]

I get how your typical maga dolts etc don’t know things like the difference between a GST, VAT and a tariff and need that explained to them but how the fuck apparently experts in finance did all these trade deficit calculations is wild.

There must be Giant scam behind all this. It’s hard to believe they’re just running with it

 

[Keeper66]

I get how your typical maga dolts etc don’t know things like the difference between a GST, VAT and a tariff and need that explained to them but how the fuck apparently experts in finance did all these trade deficit calculations is wild.

There must be Giant scam behind all this. It’s hard to believe they’re just running with it

Has to be a scam. How anyone with even a semblance of intelligence can think that Trump, who won’t even release what grades he received at university, is some sort of economic guru who says that tariffs will fix everything, is a long way beyond believable. Trump’s enablers (his cabinet and most GOP politicians), or at least most of them, cannot be that stupid that they believe that this is a sane strategy. So they must all be in there trying to profit, and saying “fuck you” to all American citizens and the rest of the world.

 

[Lupi]

Has to be a scam. How anyone with even a semblance of intelligence can think that Trump, who won’t even release what grades he received at university, is some sort of economic guru who says that tariffs will fix everything, is a long way beyond believable. Trump’s enablers (his cabinet and most GOP politicians), or at least most of them, cannot be that stupid that they believe that this is a sane strategy. So they must all be in there trying to profit, and saying “fuck you” to all American citizens and the rest of the world.

what you don't understand you assume to be stupid or insane

maybe time to reflect

 

[JS96]

Pretty much. Shouldn't the radical left be happy? They wanted the entire system to blow up and crumble. They're just jealous it's not on their terms.

Also, there was plenty of reporting on how the Biden economy has been artificially pumped. While an obvious cause, these tariff are also showing the shaky ground things were on and the natural reset has been forced rather than occurring a bit later.

 

[Lupi]

in 1975 the Lima Declaration was signed. It was the beginning of the end of manufacturing for much of the first world countries at the time including Australia which has been among the hardest hit. What does Australia manufacture now? Next to fuck all.

The Climate Accords (another scam) finished off what was left as a result of the Lima Declaration.

Now we have a housing crisis because if we didn't have mass immigration to keep property prices inflated (for politicians) we'd be in a full blown recession.

The Australian economy is now largely digging holes for multinationals where profits go overseas and real estate/ property development. Its pathetic and no wonder a significant percentage of the population don't even know what gender they are anymore. Its a hopeless and nihilistic culture.

 

[tsf]

Pretty much. Shouldn't the radical left be happy? They wanted the entire system to blow up and crumble. They're just jealous it's not on their terms.

Also, there was plenty of reporting on how the Biden economy has been artificially pumped. While an obvious cause, these tariff are also showing the shaky ground things were on and the natural reset has been forced rather than occurring a bit later.

Show me anyone who wants to bail out the rich and wall street? A complete utter fallacy.

People are complaining that it's the rich that are going to get richer AGAIN at the expense of everyone else.

 

[melbcityguy]

MMA coach from Australia thrown in U.S. jail over ‘missing detail in visa’

Renato Subotic was on his way to do some MMA training seminars when he claims immigration officers sent him to a federal prison for 24 hours over a minor visa issue.

www.mmamania.com

Yikes man

 

[Muz]

Nice bit of revionist history going on here.

Occupy Wall Street (OWS) was a left-wing populist movement against economic inequality, corporate greed, big finance, and the influence of money in politics that began in Zuccotti Park, located in New York City's Financial District, and lasted for fifty-nine days—from September 17 to November 15, 2011.[7]

"The Canadian anti-consumerist magazine Adbusters initiated the call for a protest.[8] The main issues raised by Occupy Wall Street were social and economic inequality, greed, corruption and the undue influence of corporations on government—particularly from the financial services sector."


https://en.wikipedia.org/wiki/Occupy_Wall_Street#:~:text=The Canadian anti-consumerist magazine,from the financial services sector.

Now watch loopy attack the source rather than the facts.

 

[Muz]

Show me anyone who wants to bail out the rich and wall street? A complete utter fallacy.

People are complaining that it's the rich that are going to get richer AGAIN at the expense of everyone else.

1000%. See above.

 

[Muz]

in 1975 the Lima Declaration was signed. It was the beginning of the end of manufacturing for much of the first world countries at the time including Australia which has been among the hardest hit. What does Australia manufacture now? Next to fuck all.

The Climate Accords (another scam) finished off what was left as a result of the Lima Declaration.

Now we have a housing crisis because if we didn't have mass immigration to keep property prices inflated (for politicians) we'd be in a full blown recession.

The Australian economy is now largely digging holes for multinationals where profits go overseas and real estate/ property development. Its pathetic and no wonder a significant percentage of the population don't even know what gender they are anymore. Its a hopeless and nihilistic culture.

It's hard fo know where to start.

Just for shits and giggles explain to me how, for example, we could still have a car industry given we couldn't make them as cheaply as overseas manufacturers despite massive government (some would say 'socialist') subsidies and bailouts.

Include in your answer how any sort of tariff or artificial barrier could have been put in place without affecting our exports being hit reciprocally. (For example two thirds of Australian produce is exported. That's two thirds of every single thing grown here. Happy to shut down our farmers are you to protect inefficient and outdated manufacturering in one niche area to the detriment of everyone else?)

Snapshot of Australian Agriculture 2025 - DAFF

Snapshot of Australian Agriculture 2025This Insights report describes the current state of Australian agriculture, with the aim of providing key information and statistics in one place.

www.agriculture.gov.au

You do know trade is bilateral don't you?

You blokes that think it's possible to go back to the 60s are deluded.

 

[Muz]

Pretty much. Shouldn't the radical left be happy? They wanted the entire system to blow up and crumble. They're just jealous it's not on their terms.

Also, there was plenty of reporting on how the Biden economy has been artificially pumped. While an obvious cause, these tariff are also showing the shaky ground things were on and the natural reset has been forced rather than occurring a bit later.

Complete, some would say 'deliberate, misrepresentation.

 

[tsf]

Nice bit of revionist history going on here.

Occupy Wall Street (OWS) was a left-wing populist movement against economic inequality, corporate greed, big finance, and the influence of money in politics that began in Zuccotti Park, located in New York City's Financial District, and lasted for fifty-nine days—from September 17 to November 15, 2011.[7]

"The Canadian anti-consumerist magazine Adbusters initiated the call for a protest.[8] The main issues raised by Occupy Wall Street were social and economic inequality, greed, corruption and the undue influence of corporations on government—particularly from the financial services sector."


https://en.wikipedia.org/wiki/Occupy_Wall_Street#:~:text=The Canadian anti-consumerist magazine,from the financial services sector.

Now watch loopy attack the source rather than the facts.

The same guy who had to have the difference between a tariff and gst explained to him, is obviously an expert on all things international trade and finance.

 

[Lupi]

It's hard fo know where to start.

Just for shits and giggles explain to me how, for example, we could still have a car industry given we couldn't make them as cheaply as overseas manufacturers despite massive government (some would say 'socialist') subsidies and bailouts.

Include in your answer how any sort of tariff or artificial barrier could have been put in place without affecting our exports being hit reciprocally. (For example two thirds of Australian produce is exported. That's two thirds of every single thing grown here. Happy to shut down our farmers are you to protect inefficient and outdated manufacturering in one niche area to the detriment of everyone else?)

Snapshot of Australian Agriculture 2025 - DAFF

Snapshot of Australian Agriculture 2025This Insights report describes the current state of Australian agriculture, with the aim of providing key information and statistics in one place.

www.agriculture.gov.au

You do know trade is bilateral don't you?

You blokes that think it's possible to go back to the 60s are deluded.

I told you where to start and you're still putting the cart before the horse as it were.

 

[Lupi]

Nice bit of revionist history going on here.

Occupy Wall Street (OWS) was a left-wing populist movement against economic inequality, corporate greed, big finance, and the influence of money in politics that began in Zuccotti Park, located in New York City's Financial District, and lasted for fifty-nine days—from September 17 to November 15, 2011.[7]

"The Canadian anti-consumerist magazine Adbusters initiated the call for a protest.[8] The main issues raised by Occupy Wall Street were social and economic inequality, greed, corruption and the undue influence of corporations on government—particularly from the financial services sector."


https://en.wikipedia.org/wiki/Occupy_Wall_Street#:~:text=The Canadian anti-consumerist magazine,from the financial services sector.

Now watch loopy attack the source rather than the facts.

More cognitive dissonance on your part. America is a finance economy because manufacturing jobs were shipped overseas.

Who benefitted from this? Only Wall Street did, not the American worker.

Now the current president is doing something to benefit the American worker and your people are crying about it? Why? Because you cannot figure anything out for yourselves and let media hysteria (financed by Wall Street) do your thinking for you.