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Australia Faces Its Demons


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HOLA441
1 hour ago, prozac said:

51AwzHby-wL._SX327_BO1,204,203,200_.jpg

 

I Dont like a lot of things Germaine Greer says as i have always thought she hates men, BUT she has got it spot on with this book

Is their reluctance to embrace the interior because it is so hostile even the white man with all his technology cannot truly conquer the terrain and climate in the interior.....that in itself has protected it from being turned into malls like the interior of the US ?

The Aboriginals for thousands of years did something as primitive people.....they survived and embraced the land.....but  most of the terrain ....well  it does not lend itself to being bent to the transformation of the will of the white man with his large urban centres....

I recall the story of a scorned woman who parked her boyfriends porsche in the outback by the time they found it the sun had destroyed it

 

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HOLA442
4 hours ago, Spindler said:

Is their reluctance to embrace the interior because it is so hostile even the white man with all his technology cannot truly conquer the terrain and climate in the interior.....

The problem with Australia's interior is it's so geologically ancient that it's eroded away to being almost perfectly flat. No mountains no precipitation, no precipitation no life. Maybe in thousands of years humanity will be advanced enough to do some serious geological engineering and plonk a proper mountain range across the interior of Australia so it can support more life.

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HOLA443
4 minutes ago, Dorkins said:

The problem with Australia's interior is it's so geologically ancient that it's eroded away to being almost perfectly flat. No mountains no precipitation, no precipitation no life. Maybe in thousands of years humanity will be advanced enough to do some serious geological engineering and plonk a proper mountain range across the interior of Australia so it can support more life.

I remember reading at least 20yrs ago about a proposal to create a thermal mountain range there. A 1500m long 20m wide strip of land covered in a black heat adsorbing material (tarmac) that would have a similar affect on airflow to a mountain range, creating rainfall over 200,000sq miles of the interior.  Never heard of the idea again, so presume either it wouldn't work of was just too hard.  

 

 

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HOLA444
5 minutes ago, Confusion of VIs said:

I remember reading at least 20yrs ago about a proposal to create a thermal mountain range there. A 1500m long 20m wide strip of land covered in a black heat adsorbing material (tarmac) that would have a similar affect on airflow to a mountain range, creating rainfall over 200,000sq miles of the interior.  Never heard of the idea again, so presume either it wouldn't work of was just too hard.  

These big engineering projects are sometimes more about politics than technical feasibility. The Channel Tunnel was technically feasible in the 19th century but the politicians didn't want it.

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HOLA445
On 19/05/2019 at 16:33, Spindler said:

Is their reluctance to embrace the interior because it is so hostile even the white man with all his technology cannot truly conquer the terrain and climate in the interior.....that in itself has protected it from being turned into malls like the interior of the US ?

The Aboriginals for thousands of years did something as primitive people.....they survived and embraced the land.....but  most of the terrain ....well  it does not lend itself to being bent to the transformation of the will of the white man with his large urban centres....

I recall the story of a scorned woman who parked her boyfriends porsche in the outback by the time they found it the sun had destroyed it

 

Ecologically the environment did not evolve to cater to 26 million cattle and 75 million sheep. 

When they were first introduced there was no natural mechanism for breaking down their excrement, hence billions of flies, hence cork hats. Hence 1965 dung beetle introduction: https://www.bobinoz.com/blog/17027/the-dung-beetle-and-the-control-of-flies-in-australia/

It's a giant desert that humans have no business cultivating. Cane toads, feral foxes, feral rabbits, feral goats, feral camels, feral pigs, feral donkeys - a long litany of stupid human interventions. 

And they've just voted to continue pumping in more people.

image.png.b24709f47d7514f1575a5246516d415f.png

 

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HOLA446
On 19/05/2019 at 09:33, Spindler said:

The Aboriginals for thousands of years did something as primitive people.....they survived and embraced the land.....

By burning down most of the forests?

They're certainly experts at living in a parched wasteland, but that parched wasteland exists in no small part because of the actions of their ancestors, who dramatically changed the Australian climate.

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HOLA448
On 6/13/2019 at 6:44 PM, Captain Kirk said:

Worth a watch (under 8 minutes). Some Sydney speculator is down $7.6m according to Mike Martins. Owes thousands to family too.

 

Those comments, lol. Harsh. 

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HOLA4414
Quote

Taking into account all the available information, the Board decided that it was appropriate to lower the cash rate by 25 basis points at this meeting. A lower level of the cash rate would assist in reducing spare capacity in the labour market, providing more Australians with jobs and greater confidence that inflation will return to be comfortably within the medium-term target range in the period ahead. Given the amount of spare capacity in the labour market and the economy more broadly, members agreed that it was more likely than not that a further easing in monetary policy would be appropriate in the period ahead.

the last throw of the dice 

 

https://www.rba.gov.au/monetary-policy/rba-board-minutes/2019/2019-06-04.html

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HOLA4415

Friends were over from New Zealand last month - Auckland. They're addicted to property and obtaining as many units as possible and are massively anti Mauri or Asian. Both early twenties working normal jobs as a teacher and policeman. They have a 100% mortgage on their own property and mix of rentals of £1.4million NZ dollars!

They're now considering investing in property in Australia to spread their exposure! It's like an obsession for them and say everyone wants a piece of the property action. As friends we're really worried for them, but they can't understand why, and don't get why we haven't bought yet in the UK.

Everything they tell us just sounds like 2007/08 all over again, but when you mention it to them they don't remember it. Apparently news coverage in NZ and Oz hardly covered the fall of banks and never mentions it now. They hardly see any news about Europe and are almost completely naïve of Brexit and Trump stories which we are bombarded with...lucky them!

 

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HOLA4417
2 hours ago, shavedchimp said:

Hmm, sound like nice folks

 

They're fun, I'll give them that, in a roguish charm kind of way.

But striking how non PC they were and open about they're opinions, especially given the roles they have back in NZ! 

And far more in to owning everything outright (bar a mortgage...cos that's OK!) and don't accept renting as an option if you're white and in permanent employment! Funny and gobsmacking all at the same time to listen to. 

They couldn't believe how many new "luxury" brand cars were on our roads and thought PCP was "f8ckin nuts mate" when I explained! They also couldn't help pointing out how many fat people they kept seeing!

Not sure what to expect if we visit them. Bankruptcy?

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HOLA4418
3 hours ago, MinistryMan said:

Friends were over from New Zealand last month - Auckland. They're addicted to property and obtaining as many units as possible and are massively anti Mauri or Asian. Both early twenties working normal jobs as a teacher and policeman. They have a 100% mortgage on their own property and mix of rentals of £1.4million NZ dollars!

They're now considering investing in property in Australia to spread their exposure! It's like an obsession for them and say everyone wants a piece of the property action. As friends we're really worried for them, but they can't understand why, and don't get why we haven't bought yet in the UK.

Everything they tell us just sounds like 2007/08 all over again, but when you mention it to them they don't remember it. Apparently news coverage in NZ and Oz hardly covered the fall of banks and never mentions it now. They hardly see any news about Europe and are almost completely naïve of Brexit and Trump stories which we are bombarded with...lucky them!

 

I was wondering how property prices in NZ were faring after the ban on some foreign ownership started. Auckland had around 22% Chinese buyers previously in one report I read.

https://www.stuff.co.nz/business/112229257/central-auckland-house-prices-plummet-real-estate-institute-data-shows

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HOLA4420
7 hours ago, MinistryMan said:

They also couldn't help pointing out how many fat people they kept seeing!

 

Apologies for digression, but it has to be said, in my news feed, there's a local bit, and the one story 'recommended for me' was a new garage open on the edge of town that had a Subway, Krispy Kreme, and 2 other fast food outlets I can't remember. 

You only need 4 Krispy Kreme doughnuts and you've exceeded your daily recommendation of calories. 

I do laugh as people get a lot larger, and newbuilds get a lot smaller. Something has to give!

Anyway, back on topic. 

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HOLA4422
On 18/06/2019 at 13:46, MinistryMan said:

Friends were over from New Zealand last month - Auckland. They're addicted to property and obtaining as many units as possible and are massively anti Mauri or Asian. Both early twenties working normal jobs as a teacher and policeman. They have a 100% mortgage on their own property and mix of rentals of £1.4million NZ dollars!

They're now considering investing in property in Australia to spread their exposure! It's like an obsession for them and say everyone wants a piece of the property action. As friends we're really worried for them, but they can't understand why, and don't get why we haven't bought yet in the UK.

Everything they tell us just sounds like 2007/08 all over again, but when you mention it to them they don't remember it. Apparently news coverage in NZ and Oz hardly covered the fall of banks and never mentions it now. They hardly see any news about Europe and are almost completely naïve of Brexit and Trump stories which we are bombarded with...lucky them!

 

Strange you should mention that.

My cousin is over this summer. She emigrated in 88.

And an OZ mate (ocker) is over. With his Mum, sister, brother.

Both are over for 6+ weeks.

Both have pretty modest jobs, ones youd struggle to get by with in UK.

Both sets are spending like sailors. Really going for it,

I know the ocker Oz has 3+ houses - or rather mortgages on 3+ houses.

A bit is the weak pound. But both sets are off to Europe for a most of the break.

 

 

 

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HOLA4424

Emergency measures for Australia and its property market?....

https://www.theguardian.com/business/2019/jun/21/australian-interest-rates-head-for-1-as-emergency-measures-loom-for-economy

"..........An independent economist, Lindsay David, of LD Economics, said he would favour a move to QE before any rate cuts because it would have more impact on the economy, which was suffering under the strain of falling property prices.

He said the RBA governor’s remarks betrayed serious concerns. “Something severe must be happening for the RBA to be firing the few bullets they have left. Australia is facing recessional headwinds...........

............At what level of rates do we start saying that housing is a great investment? With very low rates, owning a home could be lower than renting. The dynamic could shift in favour of housing.”

 

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HOLA4425

State’s $35 billion construction industry on brink of collapse

 

Andrew Wallace The Courier-Mail Tuesday, 25 June 2019 12:00PM

 

WITHIN days Queensland’s $35 billion construction industry could grind to a halt and, outside a small but critical group of private building certifiers, no-one is even talking about it.

Unless the State Government acts before June 30, builders will stop getting paid, buildings will stop being built, and already vulnerable subcontractors will go to the wall. Here’s why.

Every construction project built in Queensland must, by law, be signed off by a building certifier, often as they meet certain milestones.

 

Without certification, owners cannot occupy their buildings, and builders, their subcontractors and suppliers cannot be paid. https://thewest.com.au/news/qld/states-35-billion-construction-industry-on-brink-of-collapse-ng-87952b92157082b0672dc28c2b6fe241

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