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Paddles

Australian Financial Darwinism

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....it usually is.

Have you been bankrupt? Can't get a loan from the bank?

Pay a 1.6% "application fee" to a company listed in Bahrain and wait for the 5% loan funds to be credited to your account.

I'm not surprised the people who've been scammed don't want to come forward; they should be put on a list of those "too dumb to be allowed their own bank account or the unsupervised use of scissors".

There's another chuckle-worthy anecdote about Australians and banks in my blog today too. "free money"? Crikey!

Numpties.

Edited by Paddles

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Nice to see an old face popping back in here.

Hope things are going well for you, Paddles - Are you going to be visiting us more often...?

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Nice to see an old face popping back in here.

Hope things are going well for you, Paddles - Are you going to be visiting us more often...?

Cheers Lepista, back at ya.

Yes occasionally, mainly because I'm watching the sleeping dragon north of my current country of residence and wondering what will happen when the control government decides to punish the speculators to enable the majority to eat reasonably-priced food. I'm sure it won't affect Australia though because it's different here.

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....it usually is.

Have you been bankrupt? Can't get a loan from the bank?

Pay a 1.6% "application fee" to a company listed in Bahrain and wait for the 5% loan funds to be credited to your account.

I'm not surprised the people who've been scammed don't want to come forward; they should be put on a list of those "too dumb to be allowed their own bank account or the unsupervised use of scissors".

There's another chuckle-worthy anecdote about Australians and banks in my blog today too. "free money"? Crikey!

Numpties.

How can people that stupid have access to over $1,000,000?

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Most misguided appeal to authority I've seen.

If you dislike living amongst idiots so much, why do you stay in Australia? Seriously, you seem to have a real problem with the place. I'm not of the school of "like it or leave it" but you seem to be putting yourself through serious mental anguish living in Australia that could easily be avoided.

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Most misguided appeal to authority I've seen.

If you dislike living amongst idiots so much, why do you stay in Australia? Seriously, you seem to have a real problem with the place. I'm not of the school of "like it or leave it" but you seem to be putting yourself through serious mental anguish living in Australia that could easily be avoided.

Beautiful country. Unfortunate inhabitants.

One has to take the rough with the smooth :rolleyes:

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Beautiful country. Unfortunate inhabitants.

One has to take the rough with the smooth :rolleyes:

I bow to the man who has met all 21 million Australians.

"Rolls eyes"

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....it usually is.

Have you been bankrupt? Can't get a loan from the bank?

Pay a 1.6% "application fee" to a company listed in Bahrain and wait for the 5% loan funds to be credited to your account.

I'm not surprised the people who've been scammed don't want to come forward; they should be put on a list of those "too dumb to be allowed their own bank account or the unsupervised use of scissors".

There's another chuckle-worthy anecdote about Australians and banks in my blog today too. "free money"? Crikey!

Numpties.

hahahaha ripped off by a plump indian, now you know how we feel everytime we use a local shop or a taxi :D

If people we that desperate then where the hell were they getting the cash to pay up front for a loan? Who the hell pays up front for a loan? do you guys really drink that 4x crap?

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Most misguided appeal to authority I've seen.

If you dislike living amongst idiots so much, why do you stay in Australia? Seriously, you seem to have a real problem with the place. I'm not of the school of "like it or leave it" but you seem to be putting yourself through serious mental anguish living in Australia that could easily be avoided.

Your concern for my mental well-being is heart-warming.

Of course, it could be that I enjoy being here but also enjoy taking the piss. The "like it or leave it" response is a very typically Australian one to any level of criticism of the country. "Don't like the superfluous 3rd layer of government? Well go home then", etc. It's like the Australian version of Godwin's Law.

I enjoy living here but it's not paradise, not least because the mainstream media here makes the Times' Economic section and Bricks and Mortar section circa 2007 look well-balanced. And the population lap it up in a weird hybrid of greed plus socialism. That's why I take the piss.

You don't exactly kill my perception dead by referring to a link to 4 pages of well-researched economic data supporting an argument that Australia has re-inflated an already over-leveraged bubble as "Most misguided appeal to authority I've seen.".

Edited by Paddles

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Your concern for my mental well-being is heart-warming.

Of course, it could be that I enjoy being here but also enjoy taking the piss. The "like it or leave it" response is a very typically Australian one to any level of criticism of the country. "Don't like the superfluous 3rd layer of government? Well go home then", etc. It's like the Australian version of Godwin's Law.

I enjoy living here but it's not paradise, not least because the mainstream media here makes the Times' Economic section and Bricks and Mortar section circa 2007 look well-balanced. And the population lap it up in a weird hybrid of greed plus socialism. That's why I take the piss.

You don't exactly kill my perception dead by referring to a link to 4 pages of well-researched economic data supporting an argument that Australia has re-inflated an already over-leveraged bubble as "Most misguided appeal to authority I've seen.".

1) No, you clearly aren't happy here. Further, your attitude of Olympian superiority, which I'd suggest is the actual reason you take the piss, serves only to reinforce UK immigrant stereotypes making it harder for the other poms who are happy with their move to integrate.

2) Steve Keen's four pages of second order derivative onanism pales into insignificance compared to the fact that he now lives in rented accommodation having taken his own advice and STRed at a poor (self) advised juncture. Of course he'll be right one day, but in the mean time he'll have trouble getting back into the property market on a lecturer's salary from a third tier Aussie uni.

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1) No, you clearly aren't happy here. Further, your attitude of Olympian superiority, which I'd suggest is the actual reason you take the piss, serves only to reinforce UK immigrant stereotypes making it harder for the other poms who are happy with their move to integrate.

2) Steve Keen's four pages of second order derivative onanism pales into insignificance compared to the fact that he now lives in rented accommodation having taken his own advice and STRed at a poor (self) advised juncture. Of course he'll be right one day, but in the mean time he'll have trouble getting back into the property market on a lecturer's salary from a third tier Aussie uni.

He's on academic pay level D which is about 100k per year.

Nice to know that a salary 50% greater than the average household earnings is not enough to get on the housing ladder, especially with a healthy deposit. That's the sort of situation that is unsustainable in the long run.

Paddles' analysis of Australians and their culture is just about spot on, and I was born and bred here. I certainly had to get away from it for my own sanity 20 years ago. Now I return and discover it's got a whole new class of nouveau riche who are really ugly. Sometimes the truth hurts, but it is still the truth. A little less hubris would do wonders for Australia in the long run.

For crying out loud; what are you to think of an electorate that goes from a 25% approval rating for Anna Bligh to 60% over night because they saw her nearly blub on telly?

Edited by Tiger Woods?

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He's on academic pay level D which is about 100k per year.

Nice to know that a salary 50% greater than the average household earnings is not enough to get on the housing ladder, especially with a healthy deposit. That's the sort of situation that is unsustainable in the long run.

Paddles' analysis of Australians and their culture is just about spot on, and I was born and bred here. I certainly had to get away from it for my own sanity 20 years ago. Now I return and discover it's got a whole new class of nouveau riche who are really ugly. Sometimes the truth hurts, but it is still the truth. A little less hubris would do wonders for Australia in the long run.

For crying out loud; what are you to think of an electorate that goes from a 25% approval rating for Anna Bligh to 60% over night because they saw her nearly blub on telly?

1) Above the median for Australia overall, but certainly not for where he lives / wants to live (Surry Hills). I'm sure he could buy a easily enough in a place where a lower salary prevails. Just not as easily as if he hadn't been getting high on his own supply and sold into a rising market.

2) Your problems with the country of origin are as clear your problems with your adopted country, so you are hardly the most objective observer on here. The fact that Bligh showed her mettle over the QLF floods so her approval rating went up hardly gels with your characterisation of your countrymen as arrogant and venal.

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1) Above the median for Australia overall, but certainly not for where he lives / wants to live (Surry Hills). I'm sure he could buy a easily enough in a place where a lower salary prevails. Just not as easily as if he hadn't been getting high on his own supply and sold into a rising market.

...not a good idea ...better to wait for the boom to bust .... :rolleyes:

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2) Your problems with the country of origin are as clear your problems with your adopted country, so you are hardly the most objective observer on here. The fact that Bligh showed her mettle over the QLF floods so her approval rating went up hardly gels with your characterisation of your countrymen as arrogant and venal.

Mettle? We obviously watched different news reports, for what I saw was grotesque opportunism parasitising Australian sentimentality for the little Aussie battler. Even if one were to view her role in the floods positively, it hardly overrides her springing unpopular "hidden" policies weeks after being elected.

If having a memory of past actions counts one as "not objective", then turn me over and brand me on the****.

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Mettle? We obviously watched different news reports, for what I saw was grotesque opportunism parasitising Australian sentimentality for the little Aussie battler. Even if one were to view her role in the floods positively, it hardly overrides her springing unpopular "hidden" policies weeks after being elected.

If having a memory of past actions counts one as "not objective", then turn me over and brand me on the****.

The other way of looking at this is to brand you, on the bottom or elsewhere at your nomination, a cynic. I though AB was straight up, JG less so when she turned on the waterworks.

My comment on objectivity relates more generally to your outlook on the world. Everyone has memories of past actions, but not everyone loses the ability to put those memories into a temporal and / or specifically personal context rather than looking outside of their personal experience set to develop a more balanced outlook.

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...not a good idea ...better to wait for the boom to bust .... :rolleyes:

Anticipating that point is exactly the skill SK professes to possess but has demonstrated empirically that he lacks.

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Guest The Relaxation Suite

It would be nice if people from all countries could elevate themselves above petty and inaccurate jingoistic sniping at one another and simply accept the universal truth that people do not differ fundamentally wherever they live, at least not in the Western liberal democracies, and that each country within that arc has a plentiful supply of decent people and terrible arseholes. I get sick of reading criticisms of the people of one nation that obviously apply to people from every other country.

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It would be nice if people from all countries could elevate themselves above petty and inaccurate jingoistic sniping at one another and simply accept the universal truth that people do not differ fundamentally wherever they live, at least not in the Western liberal democracies, and that each country within that arc has a plentiful supply of decent people and terrible arseholes. I get sick of reading criticisms of the people of one nation that obviously apply to people from every other country.

Quite - the more you travel the more things look the same.

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The other way of looking at this is to brand you, on the bottom or elsewhere at your nomination, a cynic. I though AB was straight up, JG less so when she turned on the waterworks.

Yes, I am a cynic. The awful thing is that empirical evidence suggests I've rarely been cynical enough. :( If we want to talk about objectivity, it has been shown that depressed cynics actually have a more accurate perception of reality than happy optimists. Now there's a though to make one a depressed cynic.

As to AB/JG well, the main point is that the electorate could swing from 25% to 60% approval over a few television appearances. (To be honest I agree with your genuineness ranking w.r.t. these two...but is AB truly the best leader one can find in a state of 3 million people?) This volatility indicates, to me, that a a large subset of the populaiton have very shallow and ephemeral political beliefs. That is the basis for a demagoguery rather than a sound democracy.

My comment on objectivity relates more generally to your outlook on the world. Everyone has memories of past actions, but not everyone loses the ability to put those memories into a temporal and / or specifically personal context rather than looking outside of their personal experience set to develop a more balanced outlook.

You mean: hold an opinion similar to yours. ;) Seriously, when I start hearing people talking about objectivity it generally means that they want to ignore the cost of actions to people, or a subset of the population. I don't believe in simple utilitarianism, and I'm very sceptical of those claiming a superior objective position. It is usually self serving bullsh!t.

I do write here from my perspective, but it is not just about me, rather those I know around me. I believe that there has been long term damage done to the well being of people in this country as a whole. Some people have done very well for themselves out of the past 2 decades. The late depression children, the baby boomers, and the older gen-Xers have done very well on average, but this is at a cost to their children/gen-Yers. The unearned wealth accumulated by my family over the past couple of decades is truly obscene. If one looks at just my parents, uncles/aunts and cousins, well over 50% of them are multimillionaires (in cash and not even considering less liquid assets), the bulk of which has been accumulated through property. The windfalls have vastly outweighed their inflation adjusted lifetime incomes. The same picture is true when the view is extended to my slightly more distant relatives, and parent's friends.

That money did not come from a leprechaun's pot, but from huge amounts of debt foisted onto others. This is not healthy society.

So, if you want a truly personal TigerWoods? perspective then it would be "I'm alright Jack!" I have the security that means I can now chose the work that I want when I want. If I work for someone I don't have to take any sh!t. I can just walk, and have done so on a couple of occasions. What a feeling of freedom. I can sit here and develop my own product over a period of years and not have to worry about where the rent is coming from. When I do decide to buy a house, I will not have to go to a bank for a mortgage. This is not true for many now who are burdened by massive debt obligations, some of them my friends and colleagues. I don't like seeing it, and I empathise because I found myself having to make decisions from positions similar to their's earlier in my life before the windfalls landed in my back yard.

A case in point is my 25 year old cousin and his younger fiance who just visited us for lunch today. They are absolutely financially screwed and have no chance of having the life that his half brothers and sisters (circa 15 years older) or his parents have. I doubt they will ever buy a house if current wage/house price conditions continue. I wonder what stresses that will bring into their marriage?

Edited by Tiger Woods?

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It would be nice if people from all countries could elevate themselves above petty and inaccurate jingoistic sniping at one another and simply accept the universal truth that people do not differ fundamentally wherever they live, at least not in the Western liberal democracies, and that each country within that arc has a plentiful supply of decent people and terrible arseholes. I get sick of reading criticisms of the people of one nation that obviously apply to people from every other country.

Whilst it is true that people are people, nations do have cultures and these affect social interactions and wealth distribution. Some of these cultures are therefore healthier than others.

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It would seem that the estimate of the amount ripped-off has been adjusted upwards to $100m, although the SMH doesn't state whether that is all domestic or includes the other countries on Mr. Ali's world tour.

Alleged "marks" include a former Queensland State Treasury and a former NAB Senior Exec. I've not been here long enough to know the back-story as to why both of them now are described by the adjective "former" but I'd like to think it was for reasons of incompetence. If not, I may consider setting up a web server to flick out 419 emails to everyone in the finance departments of the larger states and anyone within 2 levels of the board of all of the major banks.

Oh, and the "boss" on the New Zealand version of the Apprentice TV show. There's a rich seam of comedy just waiting for someone funnier than me (yes, I know Aussieboy; that's everyone, right?) to mine.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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