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Well that explains everything: Bankers bullied Australia into Net Zero

Hands Up: It’s Net Zero now or a 1.5% interest rate hike?

So Australia is adopting Net Zero because the Global Financiers, who only want to save the world, would have refused to lend us money without jacking up our interest rates by 1.5%. The banker punishment would have meant a “17% investor exodus”.  Fancy a stock market collapse?

This remarkable admission comes in the modeling released today by the Morrison government. No one is even trying to hide it.

At least we can stop pretending this has anything to do with science or the voters. Just cut out the IPCC and go straight for the BlackRock Temperature Tax, eh?carbon credits, burning dollar note, fiat currency, carbon market.

Note the “penalties” are imposed by global financiers:

Modelling shows real cost of no net-zero carbon emissions

Greg Brown and Geoff Chambers, The Australian

Businesses and households would have faced interest rate hikes of up to 1.5 per cent under expected penalties imposed by global financiers if the government had failed to adopt net zero emissions by 2050, modelling for the Glasgow climate package shows.

The penalty regime would have sparked a 17 per cent investment collapse by the middle of the next decade, cutting 0.9 per cent from gross domestic product and making each Australian more than $650 poorer.

Households would have paid an extra $25bn a year to service home loans, and business and credit card debts.

If only Australia had its own sovereign currency? If only there were competitive money lending institutions out there, somewhere in the whole wide world who were happy to loan us money purely for profit? But no such luck.

Who knew bankers would turn down profits to protect the turtles?

The Elephant in the room. The vested interests rule.

Years ago, I said the corruption starts with the currency, and here it is unmasked. Australians voted for no carbon trading scheme, no carbon tax, and no more climate spending. But long before that we voted for Easy Money and that payday is here.

In theory the modeling was supposed to show how we will be $2,000 richer if we try to change the climate rather than if we leave that to the sun and just make things the customers want instead.

So much for capitalism, competition, and voting for policies.

Net Zero Australia Modeling

Offsets is code for “global emissions trading”.

 

The government revealed it ­received advice from Treasury that there would be a “capital risk premium” of between 100 and 150 basis points if Australia did not adopt a net-zero by 2050 ­target. This would increase borrowing costs on current levels by between $25bn and $38bn, according to economist Saul Eslake.

“It is almost certain that ­Australia would face some form of global response if it did not take on a credible 2050 emissions ­target,” says the government’s analysis of the modelling.

“This could take a variety of forms: increased capital costs for Australian governments, firms and households reflecting increased perceived financial risks; trade action against Australian exports intended to offset any competitive advantage derived from perceived weaker abatement policies; or lower demand for specific Australian products reflecting potential consumer concerns about a perceived lack of action on climate.”

Apparently all bankers really want to help the planet

A giant Spanish Bank once spent €100 b on Earth’s weather, cos they are nice people. Bank of America spent $50 billion to save the world. Citigroup commited $100 billion, Goldman Sachs pledged $750 billion. Banks are just falling all over themselves to help. Deutsche Bank built 70 foot high clock towers of doom, and produced their own climate science reports. Blackrock wanted Australia to shut coal plants faster.

They just worry about the poor and the polar bears, right?

And maybe because Climate change is potentially a $7 Trillion dollar money making venture (for bankers).

Who voted for the Bankers?

The real rulers are the ones who decide the rules and the penalties.

9.6 out of 10 based on 118 ratings

268 comments to Well that explains everything: Bankers bullied Australia into Net Zero

  • #
    John Hultquist

    Whatever is done, “the climate” won’t care.

    2030, 2050, 20XX !

    If the planet isn’t saved — what happens?

    440

    • #

      Yes, if the planet isn’t ‘saved’, the climate will do what it would do anyway, but more importantly, the developed world and freedom won’t be collateral casualties.

      490

    • #
      Brian the Engineer

      The real damage with the climate delusion is it diminishes the brand for real environmental issues. Things that really matter are no longer discussed and the loss in world GDP takes away the capital to fix real problems while handing control to the CCP.

      300

  • #
    Ted1

    When it’s all just words anyway.

    Tell us about 2025! 2023 even. When will the blackouts start?

    420

    • #
      Ted1

      :So much for… voting for policies.”

      When in 2013 the Australian electorate gave the Abbott government a landslide mandate in the House of Reps to abolish the AGW scam, a protest vote gave The Palmer United Party the balance of power in the Senate, our upper house in Oz. Clive Palmer also personally won a seat in the House of Reps, campaigning as an independant conservative.

      At that time the AGW scam wasn’t firmly established. Had Australia rejected it outright, it would have had great difficulty establishing itself in the rest of the world.

      Al Gore apparently observed all this from the far side of the world and formed an association of some sort with Clive Palmer. Then when the new senate opened in 2014 Clive Palmer stood in company of Al Gore on the steps of OUR Parliament House and announced that the Rudd/Gillard/Rudd government’s Renewable Energy Target, ( the carbon tax that wasn’t called a carbon tax) would be “protected”. In time the PUP also “protected” the R/G/R government’s mad spending program. Which thoroughly thwarted the Abbott government’s mandate. We voted for an Abbott government, but we got a Gore government.

      I would like to know how Al Gore persuaded Clive Palmer to switch from campaigning as to the right of the nominal conservatives to advancing the policies of the socialist left.

      110

      • #
        Mal

        Clive Palmer did a 180• backflip after last election
        Wouldn’t trust him again
        I think Craig Kelly will stand his ground
        In regard to ScoMo, he wants to stand up the CCP bullies but won’t stand upto the financiers of the world who threaten to put up interest rates
        We are being white anted from within by ignorant green activists and rent seeking financiers and compliant big government

        130

        • #
          Ted1

          I think Scott Morrrison is dancing on eggshells. He is promoting the big new policy, expecting that at any time the ground might be cut from under him.

          Did I read or did I dream that NOAA has a modern network of recording equipment in the US which was installed with the problems of the old system in mind, and therefore not subject to “adjustment” or “homogenisation”, and that network is saying that there is no warming in the US in recent times?

          We have no more than six months till our election is due, so it might be hard to get the word out in time to influence our election. But when COP27 and the US mid terms come along it might be a very different story.

          30

    • #
      Russ Wood

      When will the blackouts start? Well, last month in South Africa! We are being subjected to ‘load shedding’ and very short notice, because the ANC-run Eskom power system allowed its generators to run down with minimal maintenance. And the ‘new’ generation of generators was so badly specified and built that power stations are breaking down before they have become fully operational! Why? Because socialist politics override engineering reality!

      00

  • #
    Simon

    Banks apply risk premiums to all of their lending and climate change has an increasingly important weighting. Pension funds and insurers are also pushing their investment managers very hard to make commitments to net zero. There won’t be any money going toward investment in fossil fuel generation unless it results in lower CO2 emissions. My criticism is that this should have happened twenty years ago.

    2129

    • #
      a+happy+little+debunker

      has an increasingly important SOCIAL weighting

      Just because your mates would all jump off a bridge – is no good reason that you should as well…

      Or maybe your Mum never told you that?

      730

      • #
        clarence.t

        [SNIP]

        91

      • #

        Simon, and the Chinese can’t do maths and are stupid and that’s why they are still investing in coal and accumulating more coal plants and soon — more nuclear plants — than anywhere in the world. /sarc

        So there goes that theory that “smart” money doesn’t like coal.

        If Nations the size of Australia can’t stand against the bankers, who can? Pension funds and insurers need finance too.

        The voters keep saying no. Perhaps we shouldn’t ask them, just set up a committee of foreign bankers and let them decide our policies. Waddyareckon?

        570

        • #
          clarence.t

          For a world that “says” it doesn’t want coal..

          … someone is certainly prepared to pay a pretty high price to get hold of it. !

          https://capital.com/files/imgs/articles/750xx/-infographics-_Coal-market-analysis_2_MCT-672.png

          170

        • #
          Simon

          Investment in China is sourced internally from local banks but ultimately the CCP holds the purse strings. The CCP leaders are cognisant and concerned about climate change as it could be the catalyst for revolution. Their ultimate aim is for the western world to do as much as possible while doing just enough internally. A lot of new coal-fired stations will be built but there will be retirement of less efficient plants. China have been purchasing a lot of coal recently, ironically mostly from the US rather than Australia because of Scotty’s diplomatic blundering. The reason is that many of the Chinese coal mines have been flooded.

          The US and China did sign an agreement on reducing emissions this week, time will tell whether China will live up to their side of the bargain.

          036

          • #
            James Murphy

            You’re serious, Simon?
            Next you’ll be telling us how “per capita” emission values are relevant and important, or maybe some other fairytale.

            It’s a fact that China has told its coal miners to mine as much as they can, as fast as they can.
            This has been interpreted by people who appear to be in a much better position than you to understand the way the CCP thinks, to mean that they are more concerned about revolution from people losing electricity, not about CO2.

            I don’t see them quickly building solar plants, or wind farms to make up for coal shortages.

            290

            • #
              Kalm Keith

              There was a big blurb on the car radio yesterday about Australia being the highest per capita producer of CO2 on date planet. We are baaad.

              What is not mentioned is the massive uncounted contribution from developing countries where a significant portion of the population has no electricity and uses anything local that will burn; grass, scrub, branches, loose coal, when available. The most sophisticated outbackers use charcoal, wow.

              The real time pollution from cooking with dung fired stoves is also there.

              None of this CO2 and extreme pollution is counted by the IPCCCCC: would it be embarrassing to admit that Australia is actually the least polluting country in modern civilization?

              Twists and turns, and the elites get richer.

              170

              • #
                Mal

                CO2 is NOT a pollutant
                We should stop using the term of carbon pollution when we talk about co2 emissions from fossil fuels. Otherwise we just reinforce the alarmists hysterical agenda in brainwashing the inner city cafe latte sipping elites who have zero understanding of the role carbon and co2 play in the earths life cycle.

                130

          • #
            clarence.t

            LOL, Its not affecting Australia’s coal income though

            https://argus-public-assets.s3.amazonaws.com/2021/08/24/thermalcoalprices24082021065646.jpg

            And no, very little coal is being imported from the USA.

            https://cloudfront-us-east-2.images.arcpublishing.com/reuters/MRHQ7ZFZDFKXXIBP2QGKGMZWTI.png

            They are now releasing Australian coal because they need it.

            https://www.reuters.com/world/asia-pacific/china-turns-stranded-australian-coal-combat-power-crunch-trade-2021-10-05/

            China is releasing Australian coal from bonded storage, despite a nearly year-long unofficial import ban on the fuel, as it scrambles to ease a national power crunch stemming from a coal shortage,

            Please try to get something that at least resembles facts, before posting more of your rampant misinformation.

            160

          • #
            clarence.t

            The US and China did sign an agreement on reducing emissions this week…

            Of course they did.. 😉

            https://www.bnnbloomberg.ca/china-s-coal-miners-told-to-produce-even-if-they-re-over-quotas-1.1660215

            The really funny thing is that Lurch actually fell for it ! 🙂

            80

          • #

            Oh dear, Simon mentions this old crock again: (again conveniently without context)

            A lot of new coal-fired stations will be built but there will be retirement of less efficient plants.

            New plants being constructed are mostly 660MW to 2000MW PLUS, all USC or AUSC

            Nearly ALL of those old plants being retired are mostly 10MW to 20MW (with the occasional 50MW and 100MW Units also retired) all subcritical, three and four levels of technology below the new ones, and retired after fifty plus years of operation. China is now also actively retrofitting some of those mid range 200MW to 400MW twenty and thirty year old Units with the new technology, and in fact, China is the only Country who have actually perfected how to do that, and in the doing, it then extends the life of that Unit as well. Coal fired power in China will be in operation out to 2070 ….. and that’s if they stopped constructing new plants ….. right NOW, and they haven’t relaxed construction the smallest bit.

            You cannot compare new plants with retired plants on a one for one basis, like you lot always do. I can’t believe you people don’t know how to use the Internet. And you lot call us Luddites!

            Tony.

            200

            • #
              Simon

              You cannot compare new plants with retired plants on a one for one basis

              Exactly my point. Modern plants / units and scrubbers are significantly less polluting than older ones.

              12

              • #
                clarence.t

                And they will last a lot, lot longer, probably two or three replacement generations of wind and solar

                Coal and gas will continue to be the stalwart of world electricity supplies for many decades into the future.

                40

              • #
                ColA

                Anywhere else but Australia CT

                Our leading elite do not have the brains or the balls to build coal so we are heading to languish in energy mediocrity and then finally energy poverty but we will get to Net Zero that way hey?

                20

              • #
                Kalm Keith

                At last,
                the truth hits home and Simon Demands that Australia replace all old , obsolete coal fired electricity generation with the latest Ultra Ultra Ultra SuperCritical coal plants.

                Go coal!

                10

              • #
                clarence.t

                see post #3.3

                Seems for once you have said something correct ! 🙂

                00

        • #

          Agreed, Jo! I wish they’d stop trying to save us! Their efforts result only in rampant lunacy!

          80

    • #
      clarence.t

      Advocating on a myth… What could possibly go wrong.

      Reality always has a way of biting back.

      Even huge banks need reliable electricity…

      …. or will they use their own FF power generation.

      281

    • #
      clarence.t

      “There won’t be any money going toward investment in fossil fuel generation unless it results in lower CO2 emissions”

      If Australia invested in a new SOTA coal or gas powered station in each eastern state, they would achieve a larger drop in emissions than will ever occur using wind and solar.

      Wind and solar will always need reliable dispatchable supply to back it up.

      Nuclear is the only other option, but the AGW “tragics” also tend to be greenies, illogical, irrational, and not very bright, so that will not happen.

      621

    • #
      Kalm Keith

      Be a bit more proactive Simon;
      there’s a very simple contribution you could make personally to show your dedication to reducing CO2 emissions.

      410

    • #
      R.B.

      No, Simon. Banks are full of sociopaths. There has to be benefits for them, personally, in the near future.

      380

    • #
      William Astley

      Simon.

      The problem is the ‘Plan’, the green scams do not work. Every country except for China is promising to implement a ‘Plan’ that will not work and cannot work for basic engineering reasons. Regardless of the amount of money spent, it is impossible to get to zero emissions using ‘green’ energy. The plan is forcing all of the high energy production to move to Asia.

      Even if all of the countries could get to zero CO2 emissions, world CO2 emissions will continue to grow because of China. See BBC link. Our countries will go bankrupt and CO2 emissions will continue to rise because of China.

      Why would you support a plan that only favours China?

      https://www.theregister.co.uk/2014/11/21/renewable_energy_simply_wont_work_google_renewables_engineers/

      Even if one were to electrify all of transport, industry, heating and so on, so much renewable generation and balancing/storage equipment would be needed to power it that astronomical new requirements for steel, concrete, copper, glass, carbon fibre, neodymium, shipping and haulage etc etc would appear.

      All these things are made using mammoth amounts of energy: far from achieving massive energy savings, which most plans for a renewables future rely on implicitly, we would wind up needing far more energy,

      https://www.bbc.com/news/world-asia-china-57483492

      https://www.reuters.com/article/us-climate-change-china-coal/china-generated-over-half-worlds-coal-fired-power-in-2020-study-idUSKBN2BK0PZ

      China Built Three Times as Much Coal Power in 2020 as the Rest of the World Combined

      https://www.breitbart.com/national-security/2021/02/03/china-built-three-times-as-much-coal-power-in-2020-as-the-rest-of-the-world-combined/

      China Built Three Times as Much Coal Power in 2020 as the Rest of the World Combined

      560

      • #
        Ted1

        David Wojick summed it up. To get to their 2030 target in 8 years is impossible, so it just won’t happen.

        Meanwhile China stays in top gear.

        20

    • #
      el+gordo

      Its all about the value of assets, but nothing concrete on atmospheric science.

      ‘Climate change affects banks because of the impact it has on the value of assets used as collateral for loans and the incomes borrowers use to repay their loans. There is significant uncertainty about the magnitude of risks to banks from climate change. This is because of the uncertainty about how climate change will alter future weather patterns, how policies will change globally and how economies adapt.’ (RBA)

      52

      • #
        Mal

        The RBA policies have already completely distorted the economy through interest rates and printing money. Greatest impact on housing and the share market.
        There is a basic flaw in fundamentals of ever increasing debt on housing which is a non productive consumption item in economic terms. It’s giant ponzi/pyramid scheme which new “investors* entering the system to prop up the value for early adopters
        Rba have control by using interest rates as the tool or weapon.
        They have nothing on Bernie Madouff
        He was jailed for life, shouldn’t our rba governor have the same fate
        Eventually the whole scheme will collapse catastrophically

        50

    • #
      Raving

      The alturistic banker

      /snort

      180

    • #
      TedM

      Simon your comment is totally unrelated to the facts of the matter.

      60

    • #
      Bozotheclown

      My criticism is that this should have happened twenty years ago.

      Invested poorly did you? Sad.

      Funny thing about mammals is that they like to stay warm. Since a bunch of influential mammals live north and south of equatorial comfort, you Simon will likely always be disappointed.

      “This” won’t really happen in your lifetime. I’ll be happy knowing that I interfered in your vision of utopia and that I’m younger than you are.

      90

      • #
        John+R+Smith

        ’20 years ago’
        ?
        Isn’t that about when the correlation of atmospheric CO2 and warming collapsed.
        I mean, not that it was really ever there in the first place.

        130

    • #
      Ted1

      Banks do indeed apply risk premiums to all of their lending. And climate change does indeed have an increasingly important weighting .Which will all come crashing down around them when the word gets out that carbon dioxide is not harmful.

      Pension funds and insurers are indeed pushing their investment managers very hard to make commitments to net zero. The biggest pushers should be the biggest losers there, but, sadly, they won’t, because they will know its a scam and pull out before the word gets out.

      You say: There won’t be any money going toward investment in fossil fuel generation. You reckon? What about China and India. Can’t you count them?? And how will you get support for your views when the current rationing turns into general blackouts?

      Then your “banks” will suddenly discover that ALL their investments depend heavily on fossil fuelled energy.

      90

    • #
      skeptocynic

      Banks apply risk premiums …

      Banks are still lending for beachfront properties and Insurance companies are still insuring them.
      Obviously they don’t believe in muh catastrophically rising sea levels!

      150

    • #
      truth

      Simon:
      Simon…

      Twenty years ago …when you would have stopped the world and weakened the democracies to kill capitalism….a slight warming of earth’s climate was in a state of pause that was clearly and publicly admitted by IPCC and UKMET…a pause that followed decades of alternating warming and cooling cycles due to the completely natural oscillations and other natural events.

      At that time….the ‘consensus’ had been declared…the ‘science closed’…and soon Flannery who had been paid to inform Australians was desperately refusing to answer questions or tolerate doubts…and yet clouds had not even been researched…the temperature of 70% of earth ie oceans …could not be reliably measured…climate sensitivity to CO2 was unknown….still is…yet GW was declared catastrophic.

      Prior to that pause there had been a tiny blip of ~20 years that followed the screaming ‘Coming Ice Age’ headlines and alarm from the same ‘scientists’ who flipped on a dime to getting their heads on television with their CO2-induced CAGW hysteria .

      Those ‘scientists’ flipped because …fortuitously for them…two completely natural events that lifted global temperature to a new plateau…the Great Pacific Climate Shift of the late 70s and the uber-El Nino of 1998…which were followed by the ongoing pause….gave them the pretext…orchestrated and fraudulently-validated by the evil gnomes of the Club Of Rome who saw their chance to destroy the world so they could ‘build back better’ …whose master-slave agenda is nothing to do with climate but all to do with Global Communism…..them plus the growing cadre of Marxist journalists that pour out of the Marxist/Communist universities.

      At the time you would have chosen to end Capitalism, that had been the driver of the massive strides in research and reduction of poverty in the 20th century world…and the driver of growth of an aspirational and well-educated middle class …at that time of growing prosperity ….you would have licensed the uber-Socialist behemoths of big money and coercion of governments ….to ‘mould the world’ as they’ve always colluded to do.. ..to hold all the strings …so they could turn their hundreds of billions into hundreds of trillions while the people who make the world work …the individuals who invent and innovate…who run the hospitals…fix things…keep absolutely everything on deck….they ’will have nothing’…and will be happy about it…or else…condemned by the likes of you to obey the diktat of your apparent ideological masters.

      110

  • #
  • #
    Erasmus

    Ordinary citizens can’t fight corruption at the levels we now see it.

    400

  • #
    Kalm Keith

    Highly pertinent post.

    Remember the crashes of 1987 and 2008 and the intermediate shocks?

    Someone profited; Billy the Banker.

    Mums and dads lost tens of thousands $$$$$$$¢$.

    440

  • #
    Yonniestone.

    I’d like to know how much of the money is fiat currency compared to non-fiat that’s pegged to a commodity?

    If these concerned saviors of the world are true believers in the net zero target they wouldn’t dream of using commodities mined from the planet they’re so desperate to save, would they?

    220

    • #
      RickWill

      I’d like to know how much of the money is fiat currency

      No money is pegged to a commodity. USD is the basis for most global trade but China and the UN are working on changing that. Iron ore in now being priced directly in CNY. I also noticed recently that lithium is priced in CNY – that is a change in the last few years.

      China is such a large player in commodities market that the CNY is growing in importance internationally.

      Biden could very well doom the USD to lose its status as the global money. That will put the USA in a position it has not been in for almost 80 years where it cannot live off the rest of the world. It will have to pay its way with tangible wealth not promises to pay. Inflation of the USD is a serious threat to the USA’s privilege position as the world banker. Right now Kerry can promise all the climate ambition he likes in terms of USD but down the track, other countries will begin to question the value of holding USD as its value is eroded.

      USA is the only country that does not need to bother itself with debt held offshore because it is inevitably denominated in USD. Few net debtor countries enjoy that status.

      92

  • #
    R.B.

    I’m only surprised that it became public.

    200

  • #
    Gerry

    …so the bankers are withdrawing investment in China and India are they?

    400

    • #
      Raving

      The bankers are leaving the fossil fuel investment to private venture capital. Wonderful opportunity for the rich to get richer.

      /irony

      00

  • #
  • #
    Old Moss

    Do see Polly St George: https://rumble.com/voprn7-woke-credit-uh-oh.-the-global-extortion-racket-just-got-more-dangerous.html

    Join the dots: it was never about the climate, it was never about a virus, no, the objective was always the imposition of new orders of control.

    340

    • #
      PeterS

      Obviously. Only dumb people still believe the so called fight to save the world from CAGW is really going to alter the climate, and that the efforts to “fight” the COVID-19 virus through draconian measures and a push to vaccinate literally everyone is only about helping people. These two events have provided such a good opportunity for our governments to impose full and total control over the population. Why they would do that in the first place comes down to two factors. One, politicians don’t trust the people so they desire to take over our lives as much as possible. Two, people are increasingly more happy to let someone else do the thinking and acting for them. It’s a clash of two worlds that is the stuff of the downfall of major civilisations throughout history as leaders become drunk with power and the people become more aloof about the situation. There are exceptions of course where people do protest in the streets, as we have witnessed recently over the vaccination issue but they are either ignored or treated as the enemy by the MSM, governments and so many in the population. That’s puts a clamp on such activities and eventually such protests whittle down. There is still a chance for the people to turn things around, and that’s a silent protest at the ballot box. That would rely on enough people to think for themselves but as per point two above, there is unlikely enough of that going around these days.

      331

      • #
        Kalm Keith

        It’s not that people are “dumb”, the real problem is that our leaders are totally dedicated to misleading the peasants and draining their pockets.

        Additionally, they seem intent on destroying society and have done very well in that area.

        260

        • #
          Geoff Sherrington

          ScoMo was on TV 10 days or so ago saying the bankers were forcing him to subscribe to net zero or else. Josh said similar about a month ago. I sent both a letter saying RESIST! Get legal advice about whether the banks were doing criminal acts.
          I read this as meaning Josh and ScoMo, plus many Nationals, did not want net zero. Anybody here saying otherwise? Geoff S

          190

        • #
          PeterS

          You are right to a certain extent for a limited time after which you can’t keep using that excuse indefinitely. There comes a time when the same old failed policies that the politicians keep getting away with can’t be just their fault. Initially yes but not indefinitely. Voters do have a say in all that but sadly they don’t bother to use their right to exercise their say. That’s why they are dumb.

          61

      • #

        Along with most regular people I know, I am broke, but some highly-accredited financial numpties assure us that it’s for the good of the planet! Therefore, we, the deprived, should just shut up and enjoy the rest of our miserable futures. Thanks, numpties!

        60

        • #
          PeterS

          Unfortunately, what you say is not sarcasm but the reality. Too bad so many people haven’t woken up to that reality; not yet anyway.

          40

        • #
          Geoff Sherrington

          TWC,

          I have often thought deeply why the average person in society looks up to rich people whose main skill if often being good at taking money from your wallet and mine and putting it into theirs.
          Apart from the spectacular individuals like heads of Apple, Amazon, Facebook etc, there are long time institutions like banks and insurance companies who are great examples of money shufflers. At least the money that my past work created from finding new mines was new original wealth creation, not wealth recycled over and over less the commission each time.
          Geoff S

          31

  • #
    PeterS

    Did anyone really expect things to change? One would have to be totally dumb to do so. For example, what reason would make PM Morrison suddenly change his mind and realise he is allowing our nation to go over the cliff thanks to strong push to reduce emissions? It’s certainly couldn’t be pressure from any major source, such as the masses or the MSM. If anything, they are at least soft on the emissions reduction push, with much of them in favour of it. It’s “business” as usual on the part of the most people. How much more proof does one need to know that our state and federal leaders are are just puppets who are coerced by evil groups all around the world, some of whom are in control of the central banks? The reason why it’s not yet common knowledge that we are being steered like cattle to the slaughter is because most people are clueless and actually trust whatever our governments tell us to do. If that were not true then people would not vote for them en mass, but they still do. The next round of state and federal elections will be an interesting revelation of how dumb most people still are, not whether they are dumb at all in the first place. Most people are clearly too dumb to understand the catastrophic financial disaster the West in creating for itself on a number of fronts, not just the climate change issue (scam). Of course as per history such people will have to learn their lessons the hard way.

    221

    • #
      Ted1

      Yes, Peter. 2+2 can’t be right when the answer is 5. There is something here that we haven’t been told yet.

      10

  • #
    Asp

    Despite recent bad experience with modeling, let alone economic modeling, we seem to be unable to stop this unfruitful love affair.
    The Doherty Institute is now the compass by which we steer our path through the supposed pandemic, for better or worse, and now we rely on economic modeling, with an even less credible track record, to railroad our leaders into major changes in policy direction.
    How can anyone with their hand on their heart categorically state that a “maybe” 1.5% increase in lending rates will lead to a 17% investor exodus in 14 years time? Even if one can believe such nonsense, why would any leader subscribe to something that far into the future, where the here and now economic challenges of fixing up the outcomes of our over-reaction to the WuFlu have yet to be addressed.

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      ghl

      Asp
      The uncertainty you describe is real. However, when faced with an 800 lb banker saying “I’m going to rip off your left arm 120mm below the shoulder.” You might consider his size and intent, and decide that programmatic specificity is unimportant.
      Twiggy’s lurch to the clammy green embrace of the nearest Malcolm occurred coincident with a 50% fall in stock price. After all, the green hydrogen joint venture will be largely publically funded. Think “Tithe”.

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      • #
        ghl

        It should be headlines around the world that a western democratic government has stated that they are being extorted by the Green Blob. Reporters should start publically wondering whether Greta could hector world leaders because she was introduced by a local banker.
        At least Scomo did state what was happening. Thank you Scomo. Over to you electorate, because the press will skate over it all.

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  • #
    Penguinite

    So The Bankers Cartel would have made each of us $650 poorer by application of a 1.5% interest rate penalty. Allowing the Government to ignore our desires and succumb to this anarchy will make us a whole lot poorer!

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    • #
      ghl

      Penguinite
      Are you absolutely positively certain sure that Australia cannot be Venezuala-ed?

      30

      • #
        KP

        I am! We should publicity say ‘to hell with climate change’ and join forces with China, Russia, Iran and those BRICS who are not America’s bumboys. Then you would see what the marines stationed in Darwin are for, and the public would finally realise what a waste of time democracy really is!

        The sooner it all happens the better! If a couple of “allies” do it, the rest will suddenly follow. All it will cost us is a few politician’s lives, and I figure they’re completely expendable!

        Meanwhile, more and more people get used to living as slaves and think that is normal.

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    • #
      Tel

      Interest rates do not make each of us poorer.

      Higher interest rates make the indebted borrowers poorer but make the savers richer … and on the whole savings are a good thing. Higher interest rates also discourage excessive government spending, and that’s also a good thing.

      Trouble is that Australia has had low interest rates for so long that trying to save money in a bank account is largely a waste of time, and getting huge mortgages is cheap … governments have become dangerously spendthrift.

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  • #
    YallaYPoora Kid

    Politicians
    Donors to politicians
    Big business subsidy / financial settings harvesters
    Money lenders

    A circle of wink wink, let’s keep our scheme running!

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    Serge Wright

    I must have missed the memo on China, India and Russia all being punished and now facing higher rates and lower investment.

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    • #
      RickWill

      Exactly. Make-believe energy sources do not make people warm.

      Australia is one of the few countries in a win-win position. Making all the make-believe junk is underpinning huge demand for Australian resources.

      Once a few people in the northern latitudes freeze to death for want of reliable energy, Australia will still be in a good place re-supplying the stuff that works.

      It is important to keep a sense of perspective and not get caught up in the fantasy world of connecting intermittent power generators to an otherwise reliable electricity network.

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      • #
        Geoff Sherrington

        Rick,
        Yes, in a basic nuts and bolts way Australia stands happy with future income from the products of mining.
        On another plane, Australia will have been shown unable to make its own decisions, forced into letting persons unknown to dictate our progress. If it works one, they will do it again and again until we have no national identity and near zero ways to voice and vote cow out future chosen paths to progress and happiness.
        We are being forced from plantation owners to being slaves.
        We have the value of past mineral discoveries in our national pockets. That did not happen because we were a lucky country. It came from the application of top class science and management of those in the minerals industries. From that history of global success by home made explorers and miners, we must ask how well Australia is placed to continue discovery and development.
        We find, with some random examples, that Victoria bans gas exploration and fracking, that large ares of the nation are locked up in national parks and United Nations world heritage and aboriginal control, that nuclear electricity is forbidden, that new coal mines face years of approval processes.
        We are in a very perilous position because of the slow, corrosive cancer caused by coercive utopians who know little about how the world works.
        We need more than an election between Labor and Lib. We need a far reaching, fundamental review of the future for our national income sources, placing priorities on development of what pays our bills the best. If AUCUS was a start, let us not stop now. Geoff S

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          RickWill

          I am betting on people freezing to death in the northern latitudes before Australia stops doing what it does well – finding valuable dirt; digging it up and putting on ships. What Australia does is the base of the real economy.

          Biden cannot even get his climate ambition through his own party. Russia is positioning itself to literally freeze Europe.

          Real climate change is causing a downward trend in boreal winter temperature. Europe will freeze with unreliable energy sources. Germany is a joke and it is already suffering a backlash among its population. Germans are no longer the little soldiers falling into line like the previous generations.

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          • #
            RickWill

            The hip pocket nerve in Germany is becoming a source of constant pain as the government tries to do the impossible – maintain a sustainable economy from and unsustainable energy source:

            Next year, electricity prices in Germany are expected to increase by more than 10 percent. Much of this increase is driven by a surcharge to cover the costs of using more renewable energy. The renewable surcharge is the difference between guaranteed prices mandated to be paid for renewable energy and market prices for conventional energy. The renewable surcharge will increase by 47 percent—from 3.6 Euro cents (4.7 U.S. cents) per kilowatt hour in 2012 to 5.3 Euro cents (6.9 U.S. cents) per kilowatt hour in 2013.[ii] To put this in perspective, in the United States, the average residential retail price of electricity is 11.80 cents per kilowatt hour, so Germany’s renewable surcharge in 2013 alone will be 58 percent of the total cost of residential electricity in the United States. This helps explain why residential electricity rates in Germany are almost triple those in the United States, at over 33 U.S. cents per kilowatt hour.

            https://www.instituteforenergyresearch.org/renewable/wind/germanys-energy-policy-man-made-crisis-now-costing-billions/

            In Australian terms the German retail price of electricity is 44c/kWh. And Some Germans actually need electricity to avoid death. Most Australians can just get under a blanket or chop more wood.

            Attempting to do the impossible will hollow out the German economy. Daimler, BMW and Volkswagen all have joint venture manufacturing plants in China producing high volumes and all expanding output. China is gaining the expertise and is a huge market. China will increasingly benefit from these arrangements as grass roots expertise in Germany fades. Few people in Germany will be able to afford to operate a vehicle. The large German BEVs cost EUR40 to recharge at present prices. That is just energy cost without any taxes for road maintenance. Taxes in Australia almost double the cost of unleaded fuel. Think of how electricity demand will surge in Germany as they attempt to convert ICE fleet to BEVs. There will be no point in owning a car because there will be no electricity to charge it.

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    • #
      Tel

      They tried to punish Russia in 2015, you can see the interest rates spiked up to 15% briefly but then came down again. Russia’s inflation rate jumped up into double digits at the same time, mostly caused by trade sanctions.

      https://tradingeconomics.com/russia/interest-rate

      Recently both Russian inflation and interest rates have been on the rise again, no doubt as a consequence of economic shocks triggered by COVID. If you bother to check these things you can see they are facing much worse conditions than Australians right now.

      Russia’s central bank is reasonably independent from both the Russian government and the international banking system … but you can’t expect them to be perfectly independent. They are probably a fraction more honest in their inflation rate calculations than most countries. In the USA I have no doubt that real cost of living is rising much faster than their official CPI.

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  • #
    david

    Mid last century “Aussie battlers” would have told these banks to go to hell and then work a bit harder to maintain their standard of living.
    Blackmail and threats by banks or anyone else for that matter, should be dismissed by government. Unfortunately our present crop of politicians have no intestinal fortitude to stand up to this nonsense.

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    • #
      Ted1

      50 years ago there were a substantial number of foreign corporations whose cash flow would have equalled or surpassed Australia’s federal government .How many would there be today? And by how much would they exceed it?

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  • #
    David Maddison

    This once again demonstrates that the anthropogenic global warming fraud is about making the Elites richer and the rest of us poorer.

    It is very profitable for banks to lend money for the billions and trillions of dollars worth of “green” projects underway and because these projects are so profitable for the Elites who own them, they are relatively insensitive to interest rates.

    What an ideal business model where the cheap, efficient producers of electricity such as coal and gas power stations, a product of free enterprise, are penalised by government and government policy forces people to buy from an inefficient “green” producer with a fundamentally defective, expensive and randomly produced product who can charge as they please

    As usual with “climate chabge” issues, follow the money trail.

    Interestingly, the same slave army of useful idiots that work tirelessly propzgandising for Big Green, also do similar work for Big Pharma such as promoting the expensive and possibly defective, poorly tested covid products on offer to the exclusion of the inexpensive and safe products such as certain antivirals.

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    • #
      David Maddison

      The following document is from the Reserve Bank of Australia.

      https://www.rba.gov.au/publications/bulletin/2021/sep/climate-change-risks-to-australian-banks.html

      Climate Change Risks to Australian Banks

      16 September 2021

      Abstract

      Climate change affects banks because of the impact it has on the value of assets used as collateral for loans and the incomes borrowers use to repay their loans. There is significant uncertainty about the magnitude of risks to banks from climate change. This is because of the uncertainty about how climate change will alter future weather patterns, how policies will change globally and how economies adapt. This article uses one approach to provide preliminary estimates of the possible scale of risks climate change poses to banks’ housing and business exposures. This approach suggests that a small share of housing in regions most exposed to extreme weather could experience price falls that might subsequently result in credit losses, but the overall losses for the financial system are likely manageable. Banks are also exposed to transition risks from their lending to emissions-intensive industries, but their portfolios appear to be less emissions-intensive than the economy as a whole. Further estimates of the impact of climate change on banks will be provided by the Climate Vulnerability Assessment currently being undertaken by the Australian Prudential Regulation Authority and the five largest banks.

      SEE LINK FOR REST

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    RickWill

    All of the proposed treasury risks are baseless. They are no better than all the climate prognostications – baseless cow chist. The risks are simply speculative from a bureaucracy that has drunk the cool-aid in the fantasy world of Canberra.

    China tried to punish Australia by not unloading coal it had already paid for from ships that were each costing China $25,000 a day to leave sitting offshore. How well has that worked out for Australia and China.

    I came across an interesting observation two days ago:
    https://tradingeconomics.com/commodity/lithium
    Look closely at the chart. I knew lithium price was rocketing but the number staggered me. Then I looked a bit closer and saw the CNY. China has control of a lot of new tech commodities. They are already trading iron ore priced in CNY. The USD is losing its gloss. USA will lose its privilege of creating the global money as the USD inflates out of sight. Bitcoin has set a new record in terms of USD.

    Russia has energy that is in dire need through Europe. China has manufacturing that no other country can match. India wants to develop its way out of poverty. One thing for certain – no country relying on intermittent power generators will be an economic powerhouse unless the real economy panders to their nonsense.

    People freezing to death in the northern latitudes as energy supply systems fail will be a powerful political force demanding a dose of reality. Widespread power outages in the UK will make the Covid pandemic appear good times.

    Australia is literally the powerhouse of global resources. All the global climate ambition will delivery incredible wealth to Australia. Building useless resource hungry junk is underpinning huge demand for Australian commodities and potential real renewable resources. The world is literally making mountains of junk that can never recover the energy that went into creating it but Australia is winning from all this nonsense. It simply makes sense for Australia to make-believe as well. Play along for as long as it can be milked. Hope that real fossil fuel replacements are found before there are more wars over them.

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    • #
      el+gordo

      ‘It simply makes sense for Australia to make-believe as well. Play along for as long as it can be milked.’

      Fair enough, less than a decade by my reckoning.

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    • #
      Ronin

      ‘We’ve got it, they need it,’

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    • #

      One of the reasons lithium is rocketing in price is it takes 500,000 gals of water to produce one tonne of lithium and in parts of China and the high parts of Bolivia and Chile it is very dry so that water has to be pumped a long way

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  • #
    Neville

    This has to be the most easily understood corruption and fra-d in world history.
    Here’s the WIKI graph AGAIN showing us that the wealthiest OECD countries like USA + EU + Japan etc haven’t increased their combined co2 emissions since 1970 or 1990.
    Then look at China, India + other DEVELOPING countries’ SOARING co2 emissions over the last 20 years or 30 years.

    https://en.wikipedia.org/wiki/List_of_countries_by_carbon_dioxide_emissions#/media/File:World_fossil_carbon_dioxide_emissions_six_top_countries_and_confederations.png

    Co2 levels have increased by about 90 ppm since 1970 , about 62 ppm since 1990 and about 13 ppm since COP 21 Paris in 2015. See link below.

    https://www.sealevel.info/co2.html

    And here’s NOAA mean Mauna Loa growth rate since 1960.

    https://gml.noaa.gov/ccgg/trends/gr.html

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  • #
    RickWill

    This price trend for LGCs in Australia is interesting. Two years ago the forward price for 2021 was under $20/MWh. Here we are in 2021 and the LGC price is stuck around $40/MWh.
    http://lgc.mercari.com.au

    There are interesting dynamics going on in the wholesale market. The dispatchable generators bid significant blocks of energy at large negative price to remain scheduled throughout the day so the plant keeps producing at least on minimum load. Rooftops kick in about 8am and run through trip 6pm (at least in SA). During the sunny period, the grid scale intermittent voluntarily curtail. That means that they are now regularly operating under their potential capacity factor.

    AEMO provide an estimate of the curtailed power from intermittents. It is shown as an orange dotted line in the linked chart:
    http://nemlog.com.au/gen/region/sa/
    Yesterday not particularly sunny in SA but still significant curtailment.

    Queensland not very sunny yesterday but curtailment already significant at 9am Saturday:
    http://nemlog.com.au/gen/region/qld/

    To me, this is suggesting that wind generators need a $40/MWh to remain viable in the present circumstances. Rooftops are really damaging the economics of grid scale intermittent in SA and Qld. Not so much in Victoria or NSW.

    At 0835 on Saturday wholesale price in SA, Qld and Vic all negative.

    I expect there will be lobbying to up the RET so the price of LGCs again soar to the $90/MWh hour mark.

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    • #
      Analitik

      This ties in very well with the figures from a shareholder report by Infigen a few years ago that RenewEconomy tried to use to justify subsidies for their wind farms. The maintenance costs for renewables is far higher than the greentards would want to admit.

      For wind turbines, the gearboxes and bearings for the nacelle and blades require continual lubricant replacement and these mechanical parts often fail anyway and require overhaul or replacement all with attendant labour costs working close to a hundred meters off the ground.

      I’m not sure why the maintenance costs for PV farms are so high but the economics are certainly no better than those of wind farms. I’d love to see the analysis of operational costs and profits for a PV farm.

      The renewables are far more efficient at farming subsidies than energy.

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      • #
        David Maddison

        I think PV solar subsidy farms have high maintenance costs due to continual panel cleaning to remove dust and in cold countries, maybe snow removal. Also, replacement due to hail damage.

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      • #
        RickWill

        One issue with grid scale solar is that it competes almost directly with rooftop. Tracking arrays can benefit a little in the early morning and late afternoons as their potential output is near constant at rating from 9am till 3pm and then they still produce well either side of that. Inevitably they are curtailed when the rooftops kick in between 10am and 2pm.

        I doubt any solar farm in Australia has achieved the forecast project returns. As far as I can tell all solar farms in Australia are open to offers. It is hard to find financials but it appears bleak given the level of curtailment. Since August, electricity prices in SA and Qld have been negative at lunchtime almost every day. Still waiting on it being warm enough to get air-conditioners really cranking.

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  • #
    another ian

    One might be tempted to use the “Richard Cranium” term here.

    However it was recently pointed out to me that that piece of anatomy actually has some useful function.

    The more appropriate term for something of no known use to a human was an “APPENDIX”

    20

  • #
    Ursus Augustus

    But, but bankers and merchant bankers are completely altruistic… they aren’t in it for the money… well there may be commissions on certain transactions involving carbon credits and advice on how to structure businesses to take advantage of same but that’s just like tax advice regarding offshore accounts etc… all purrrfectly legal…

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  • #
    MP

    The video contained in this link is a good example of the banksters plans to save us from ourselves.
    James Corbett, does the Corbett Report, everything discussed is linked below the vid so you can go right to the source.

    https://www.corbettreport.com/nwnw20211111/

    Have no doubt, its on.

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  • #
    Chrism

    Alinsky’s rules can of course be used against the powerful :
    shame for banker profligacy, personalising the message to the elites who support this claptrap etc

    sceptics by nature are considered people & largely considerate, especially of differing views

    the cut through will only come when they are pushed back using the tools of Alinsky, they use, against them

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    David Maddison

    In the following article are two graphs showing which international banks increased their fossil fuel funding and which ones decreased it.

    No surprise that the country most beloved by the Left and also the world’s largest CO2 producer who are allowed to produce CO2 without limit (not that there’s anything wrong with that) had the two banks who most increased their funding of fossil fuel projects.

    https://www.cnbc.com/2021/04/22/which-banks-are-increasing-decreasing-fossil-fuel-financing-.html

    These are the world’s largest banks that are increasing and decreasing their fossil fuel financing

    Published Thu, Apr 22 2021 9:57 AM EDTUpdated Thu, Apr 22 2021 10:41 AM EDT

    The two banks that increased fossil fuel financing the most are in China

    From 2016 to 2020, Postal Savings Bank of China had the largest percent change in fossil fuel financing — it increased over 1,200% from $168 million in 2016 to $2.2 billion in 2020, according to CNBC Make It’s analysis using data from the Banking on Climate Chaos 2021 report.

    China Minsheng Bank had the second highest percentage change in fossil fuel financing from 2016 to 2020 with a 550% increase, as its financing went from $1.7 billion to $10.8 billion, according to CNBC’s analysis.

    SEE LINK FOR REST

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  • #
    TdeF

    It’s about owning the language. The admirable environment protests of the 1970s have become something else when you can call carbon dioxide ‘pollution’. From the Telegraph “Major polluters pose ‘monumental challenge’ to summit’s success after bid to remove target to reduce greenhouse gases”

    That would make the 7 billion people on the planet and all the animals, insects, birds and fish major polluters. At what point was science stolen? We are a water planet and all life is made from Carbon dioxide. What sort of nutty scientists decided carbon dioxide threatened the existence of all life on the planet? It is all life on the planet. And more is good. And 98% of it is dissolved in the gigantic oceans which release CO2 if they are heated even slightly.

    And the banning of the recycling of old rotted planet matter is self harm on a grand scale. We do not make carbon. The planet is already carbon neutral.

    It’s all about the 7 million million dollars in free money. Taken from us.

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  • #
    Raving

    Not to worry. Bankers will make their money from interest rate spread when inflation kicks in

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  • #
    Geoff Sherrington

    After you have done your main life’s work, you tend to ask what you really took from those around you, or what you gave. Most folk take more than they give, meaning that a small set of people contribute way, way more than average.
    Some types of work allow this multiplier. I was in mineral exploration. My little group found more than ten new mines that so far have produced about $80,000 million of product into the Australian economy.
    Some people work in banking. How do they measure their lifetime benefit to society? Some might claim that they kept their bank in good shape by taking more money than most from their customers, others might claim that they invented new ways to transfer wealth from one group to another, But, fundamentally, banking has no scope to create new wealth. It is rich in ways to prevent it.
    Now, you are an international big banker and this mechanism based on net zero carbon has appeared, to allow you to help control the world. Not creatively, mind you, but by near-criminal threat. Do you see it for the sham you know it to be, or do you sniff big dollars and jump on the bandwagon?
    You might infer that I dislike what these bankers are doing to us. How do you feel? Geoff S

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    • #
      Geoffrey+Williams

      Same as yourself Geoff that’s how we all feel.
      Utterly lost . .
      GeoffW

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      Analitik

      A small financial sector is necessary for discovery and development of resources and development of manufacturing and transportation by allowing investors to allocate funding indirectly. In this scheme, banking operates as what the military would call a “force multiplier” by speeding up the discovery and development process. The money needed siphoned off to fund the allocation process is much smaller than the benefits derived from the greater efficiency in getting resources to market and items produced.

      Our modern problem is that financial operations have become grossly overvalued so that the allocation process itself increasingly draws off investor funds from the would be end users that actually extract, grow, make things of real value.

      It’s similar to the legal segment where the fees for creating certainty for business arrangements have become grossly over valued relative to the benefits of increased efficiency.

      In both cases, regulatory capture has been the enabler for the increasing charges, administrative layers and hence overhead to the original services that allowed for development of the “real” economy. The drag is significant and has given undue influence to the service providers who are now being manipulated to suit the agenda of globalists.

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      • #
        David Maddison

        Well said, Analitik.

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      • #
        Geoff Sherrington

        Analitic,
        An important reason why my mineral company employer was able to finance ever more exploration and ever more discoveries was because a successful exploration group is its own force multiplier.
        In a theoretical sense, it has no need for banks to lend it money as it generates its own. In a practical sense, banks are used because they can hold funds from the commonly several parties involved in a new mine and give some protection against one party getting greedy. There are other uses like that.
        But, in theory, banks should never get enough say to be able to threaten to withhold advances unless the borrower agrees to some outlandish new condition.
        I’ve recommended to the PM and Treasurer that they get police to investigate the bankers said to have pressured Australia to go along with net zero. Maybe more people should express themselves similarly.
        There is fun venting on a blog, but it leads nowhere without action to back up the words. Geoff S.

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  • #
    Serge Wright

    All of this action by banks is ignoring the elephant in the room, which is the rapid demise of the west and the rapid rise of China. The demise of the west is primarily caused by the progressive policies of Wokeism and climate change, which is a harsh irony in itself as the banks have played a role to progress both of these destructive forces of demise. If you look at the current global scene where China is about to strike Taiwan and seemingly in coordination with Russia invading the Ukraine, it is obvious that the opposing forces to the west can see a clear opportunity with a USA being lead by crazed Woke Marxist puppet masters that are controlling their dementia suffering President and a VP that is completely clueless. These Woke puppet masters would not be unhappy to see a Chinese takeover and will therefore take no action. Over in Europe it is a similar story with Britain and the EU in a race to shut down their economies to save the world from their ~0.05 degrees C contribution of warming and now reliant on Russia for their energy, so they will also not take actions against Russia.

    The outlook ahead is therefore not good and the military lead expansions of China and Russia will probably commence during this Biden term of office to take advantage of the gifted situation. If you look at the current actions, policies and commentary from the US Democrat Woke machine, you could also conclude that both China and Russia are being invited to strike, so as to hasten the global meltdown, which will create poverty and dependency, the two factors needed to establish and maintain socialism and end democracy. My guess is that the Woke leaders in Europe and the USA will try and negotiate with China as to who will control which country or region. Most likely Australia will be handed to China as the USA and Europe will focus on themselves as they establish the harsh rule of socialism to a population that is not 100% willing to lose freedom and democracy. The USA also have an armed population that will be difficult to control.

    We are now almost certainly living in the last few years of our freedom and democracy and we should therefore make sure to enjoy this time as best as we can. Once China’s military starts up against Taiwan it will all happen very fast. If you didn’t see this change coming then you’ve not being paying attention and if you supported climate change and woke policy, then you have been complicit in the cause of our demise.

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      Geoffrey+Williams

      Absolutely correct Serge . .
      GeoffW

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      • #

        Read monetary history. Those large financial houses make money from wars. It is not necessarily an accidental side effect that the squeeze is coinciding with a major military power shift.

        Having one superpower in the world may have been “too stable” for those interests that profit from chaos and turbulence.

        Plus there are Chinese State owned banks. They play a role, and they won’t mind heavying the West to use stupid-power on their grids, but how powerful are they?

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    • #
      KP

      “We are now almost certainly living in the last few years of our freedom and democracy ”

      Too late! Long gone, especially since Covid! Actually, the moment your Govt registered firearms you had lost your freedom, it goes that far back.

      Let China win, you have nothing to lose but your chains!

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    Old Goat

    When you want to find out what is going on (for now)follow the money. At this point the world is awash with money and that cannot end well . When inflation gets “hyper” the bankers will lose their power . Who benefits from the economy crashing and burning ? Climate change won’t matter then….

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  • #

    I guarantee you that if nations like Britain face harsh winters, their governments will absolutely backtrack on their 2050 goals. In fact they are probably planning to use harsh winters in the future as an excuse to do so.

    “It is regrettable that we must restart our coal power plants, and pause our 2050 goals, but the wellbeing of British citizens must come first. Voters did not elect us to let them freeze to death.”

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    • #
      Geoffrey+Williams

      I hope you are right . .
      GeoffW

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    • #
      Analitik

      It’s this sort of reality check that will wake up the masses to the lie that has been sold to them on the reliability (& cost effectiveness) of renewables rather than measured, rational, quantitative arguments.

      Sadly, it means that the price for the lesson will be in lives lost as well as monetary and the recovery will be unnecessarily costly and protracted.

      20

    • #
      John+R+Smith

      In my insignificant existence, I have seen no evidence that Do Gooders do any good.
      The road of history of littered with the burning, stinking wreckage of what seemed like a good idea at the time.
      This alleged ‘public health crisis’ is in your face proof that public health ‘officials’ don’t give a wit about public health.

      The ridiculous criminalization of Ivermectin alone proves this point.

      BJ is not going to give a rodent’s you know what about poor Brits freezing to death.
      Such would we be seen as taking pressure off the NHS.
      The Private Jet CO2 Conference Social club, doesn’t give a rodent’s you know what about freezing poor folk either.

      I live in a city where at least 25% of the work force is employed by non-profit orgs.
      And I don’t even think that incudes the employees of the major Unis sitting on Midas sized endowments.
      And the burning stinking wreckage is proliferating.

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    Geoffrey+Williams

    I’m afraid that it is all a lost cause for people like us here on this site. Climate change is the clarion of the day for the western world and at this time they are unstoppable.
    All we can do is just sit back and watch as the lunatics burn and destroy our civilization.
    What is occurring right now is a generational thing and will continue 10 or 20 years at least.
    By that time it will be too late and our western economies wll Iie in ruins, a thing of the past.
    GeoffW

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    • #
      MP

      All we can do is just sit back and watch as the lunatics burn and destroy our civilization.

      Pretty sure that’s how we got here in the first place.

      Your defeatist attitude sucks.

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      • #
        PeterS

        It’s not being defeatist; it’s being a realist. You are just clueless.

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        • #
          MP

          Sit back and watch, yeah I get that from your writings. That would make GW one of your “jelly backs” as well.
          Clueless, dumb, jelly backs we are, while you wait for someone else to save you, Trump, Trump Trump.

          I stand up every weekend, attend every rally, I will stand while you will kneel.

          Yep I’m clueless, your useless.

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          • #

            I understand those who find this depressing, but I’m with MP.

            The fact that this is now so out in the open is useful. No more pretending.

            The banking elite may seem unstoppable, but ultimately we are the many, they are the few. Spread the word, and suddenly a lot of people on all sides of the political spectrum will have a common enemy. Amazing things can happen.

            Those who advocate waiting, kneeling, and giving up are helping the bankers. Though they may not want to.

            Imagine what someone from Soviet Russia in 1952 would say when they look at how much freedom we still have?

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            • #
              Damon

              “Imagine what someone from Soviet Russia in 1952 would say when they look at how much freedom we still have?”
              …and how readily we gave it up.

              110

              • #
                PeterS

                That’s right. We never learn from history. So many even here are so deluded, including Jo for ignoring the elephant in the room. The evil forces are very powerful and as shown throughout history they win but eventually the system collapses as its broken beyond repair, and the cycle repeats.

                40

            • #
              Old Goat

              Jo – they should make “The gulag archipelago” required reading at schools again….

              20

            • #
              Serge Wright

              The only thing that can save the west is the USA moving back to GOP control with a President that has balls, but that is 3 years away and China will not wait 3+ years for the USA to change government and get its military de-woked before it strikes. It is possible that the energy crisis and COVID might create internal pressures for China that delay them from commencing military actions, but those are long odds. China will do a deal with Russia and Iran before conflict starts to guarantee their own oil and gas supplies and the fact we see Russia targeting Ukraine is a sign that has already happened. Once the conflict starts, all gas to Europe will cease and oil supplies will be hit very hard as China locks down the shipping routes to Singapore. Australia will need to survive on 100% local oil which is almost non existent and we have very limited refinery capacity, so we will face enormous food shortages as farming and transport grinds to a halt.

              One thing that becomes very obvious from all of this new global positioning and that is the fact that fossil fuels remain king when it comes to global dominance. If you control FF, then you control the world and whilst China and Russia are working to form a partnership to control world energy, the USA under the woke Biden admin are in a rush to remove their own production. This is not by coincidence.

              70

      • #
        Geoffrey+Williams

        ‘my defeatist attitude sucks’ well too bad son cause you suck too !!
        And all those rallies you’ve attenting have worked a treat; was Glasgow cop 26 a victory for you?
        You’re just being agressive and childish a bit like Greta . .
        GeoffW

        41

        • #
          MP

          Well pops, I am doing very little which is an infinite amount more then you.

          Cop26 is working out exactly the same for me as it is for you. Maybe increasing your complaining would of worked aye.

          You gave up without an ounce of resistance, I am doing what I can for now.
          Our rallies have doubled in size, crowds attract crowds. My Sundays in the park has a dozen people turn up for a chat and its growing.

          Like Greta, I will not sit down and I will not shut up.

          I am no hero, I am also no coward.

          52

          • #
            PeterS

            You are just pi…. in the wind. Face reality, the evil forces have already won and they are already at the next stage of mopping things up. Eventually though the system they have distorted so badly will collapse, and the cycle repeats.

            43

            • #
              RobB

              Optimism may be delusory, but there is no alternative to it, as pessimism leads only to defeat.

              22

              • #
                PeterS

                There is another alternative but so many refuse to take it. He is called Jesus. When He returns He will fix everything. We can’t. We have no choice but to allow things to play out.

                00

              • #
                Ian1946

                Look on the bright side, pessimist’s are never disappointed. 🙂

                00

            • #
              MP

              Pissing into the wind is still doing far more than you. Unless constantly calling people jelly backs counts as proactive, while wobbling away over your computer.

              You appear to also not of learnt from history, complying to tyrants has always worked out so well. Can always do what has always been done, send the kids and grand kids off to fight your battles for you.
              Evil always wins when good people do nothing, history.

              You are one person, join the rallies and be one more

              42

              • #
                PeterS

                I have joined a far more powerful “rally call” that will easily defeat the evil forces in play. In fact it’s the only way to defeat them. He is called Jesus. Come and join us.

                00

          • #
            Kalm Keith

            MP,

            Geoff has gone out of his way to “resist”.

            Some years ago we came long distances to a meeting in Singleton to publicise the effect that the global warming s£am was having on coal mining and jobs.

            I drove an hour each way and Geoff would have done a lot more: commitment. Every little bit helps.

            Strange thing was that there weren’t many miners there.

            20

          • #
            Mal

            Just an idiot

            10

    • #
      PeterS

      I’m afraid you are right. I came to that conclusion a long time ago. It’s unstoppable due to the massive support the scam has from Western governments, rich powerful individuals and big businesses. We can only keep trying but it’s really just pi…. in the wind, and anyone who says otherwise is clueless for missing two real and obvious problems; the one I just described plus voter apathy. Our fete is sealed. Lessons will be learnt but by the hard way. That’s how the cookie crumbles.

      92

    • #
      RickWill

      Climate change is happening. Winters in the northern hemisphere are getting colder. People will die in some places when the energy supply runs out. That will be the motivation for some serious questions about the Global Warming nonsense.

      Australia is in a really good place as far as the new make-believe world goes. Climate ambition from woke nations will fill Australian coffers.

      53

      • #
        clarence.t

        So true!

        The amount of coal, iron-ore bauxite etc needed to constantly renew the renewables will play right into Australia’s hands.

        And if people go to nuclear.. we have plenty of that we could offer as well 🙂

        80

    • #
      Serge Wright

      Yep, this is depressing, but it’s all too obvious that the woke brigade have all but succeeded to bring down the most advanced and caring civilisation that has ever existed and replace it with a primal regime that relies on tyranny. After the big collapse occurs then people who supported this crap will realise the error of their ways, but that will be of little value. Whilst we are watching this ship sink, we don’t have to enjoy it and we can still fight to the death, as we all should. Hopefully western civilisation can rise up again.

      20

      • #
        el+gordo

        There won’t be a collapse, only a lot of red faces as the weather goes off-script.

        The banks have covered their backs, by referring to ‘climate change’ and not global warming. They cannot lose.

        01

        • #
          PeterS

          Talk about being a defeatist. No, the evil bankers and the rest will lose eventually. God Almighty will make sure of that.

          00

  • #
    TdeF

    The world is cooling rapidly as predicted. Satellites have shown no temperature change since 1980 (the 2021 temperature was the same as 1983 according to UAH, despite the noise in between and the fact that CO2 is 20% higher). And both China and Russia are hoarding energy for what is expected to be the coldest winter in history. And the West is trying to change the CO2 level and so the temperature with windmills and taxes? It’s not about the weather.

    Where is there a problem? Apart from runaway profiteering.

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  • #
    bobby b

    Something out of Ayn Rand.

    Proper response would be to find lenders who would handle AUS for maybe 1% higher instead of the threatened 1.7% – lots of lenders would jump at that, AUS isn’t exactly a beggar and lenders aren’t giving AUS charity when they lend – and then tell those “global leader” banks that they get their way, that AUS will never again send a lick of business their way.

    Then watch them cry.

    Until this happens somewhere, the blackmail will always work.

    90

  • #
    robert rosicka

    If banks were serious about CO2 their interest rates would match each countries CO2 emissions, so here in Oz we would be punished by an interest rate 1.3% of 0.0016% and that would be fair .

    60

    • #
      Ronin

      I like that, the CCCCCCCCCCP would rightfully be paying 30 %.

      40

    • #
      PeterS

      If banks, and everyone else for that matter were serious about CO2 they would be handing out donations (no repayments required) to build nuclear power plants. Given they are not it is clear then the whole CAGW issue is a hoax and a scam. No science required. Just common sense and logic.

      30

  • #
    markx

    Jo’s article hits the nail on the head.
    We all remember when carbon credits were first proposed, all the big banks put in ‘carbon desks’; dedicated teams ready to skim their share of the tidal waves of carbon credit cash going past.
    It took a lot longer than they expected, but they are in position to profit now.

    40

  • #
    TdeF

    As for Carbon taxes, it shows that even Morrison does not understand that forcing retailers to act as carbon tax agents hides the massive $6 Billion a year in carbon taxes from the public.

    The mandatory carbon certificates they have to purchase for cash are just theft.

    As for the idea that renewables are cheaper, why is the price of electricity going up?

    Consider that mostly we have the old debt free power stations built by our parents, the same power lines and coal is free. And still no one asks why electricity prices are soaring? Theft, robbery, skulduggery by Federal law no less.

    We are already paying a massive carbon tax and no one understands it. And the law was copied in the UK. Mandating billions in payments for nothing to a Windmill and solar owners is against the very principles of Magna Carta. I wish someone woudl challenge the Renewable Energy Act (2001) in the High Court.

    140

    • #
      TdeF

      It is likely time to crowd fund a class action appeal to the High Court against the legality of the RET. Just about everyone in Australia would sign up, if they understood how much they were paying.

      100

      • #
        Kalm Keith

        Well to start with a few years ago every Australian household was paying an extra $438 a year on their electricity bills so that the Clean Energy concept could be floated.

        Just what the additional load due to recent “innovations might be quietly added to our national debt for someone to sort out later.

        On top of that, the higher electricity costs have got to the point where large commercial offices are unable to cope and are shifting offshore. Besides the fact that it’s devastating to lose your job it means a higher tax burden to support them with social security payments.

        The problem is that the average punter might not want to absorb this info and act on it.

        60

        • #
          TdeF

          People punted $1million for Peter Ridd. But there is no opposition here. The Act is illegal. The government has the right to tax. It has no right to order electricity retailers to cough up billions if they buy coal electrons. To be handed gratis to owners of windmills and solar panels.

          90

          • #
            TdeF

            Taxation has to go into general revenue. By this fraud the government administers and fines but does not touch the money. The Mafia would love this illegal power.

            60

  • #
    Philip

    Countries suffer all sorts of sanctions and they don’t relent. Why are we such cowards ?

    20

  • #
    David Maddison

    Terraforming is rightly the topic of science fiction or speculative science.

    It is not feasible to do on earth now, and likely not ever.

    The futile attempt to terraform the planet is wasting vast amounts of resources.

    40

  • #

    Where is the proof that CO2, being a harmless gas is responsible for any Climate Change? No where to be seen except in flawed Climate Models with flawed assumptions. Garbage and garbage out. In any event, Australia already takes in more CO2 than human activity in Australia emits. In which case, the UN should be paying us cool hard coin for doing such a Great Job. With that money along with our Current Account surpluses and the money in Australian Superannuation (around $3 Trillion Dollars), this means that Australia will not now need to rely on so much International Capital. Further, my computer modelling and gut feeling indicates that the World will keep on paying good money for our Food, Energy and Materials Exports for many, many years to come……..Stand up for Australia you inept Australian Pollies and start to serve the Australian Public for a change.

    50

  • #
    Hanrahan

    I’ll have to stop reading Jo’s blog, it’s too depressing.

    41

    • #

      There are still paths out of this. Today I am thinking this is good news. The power and influence were always there, but hidden. Now it’s naked. Something has been revealed that we can work with.

      How many Australians would be happy about paying more for power because a Big Banker said we needed to? Think about how toxic this message is.

      So stick around. There’s a lot we can do, and many avenues just opened…

      201

      • #
        robert rosicka

        Change banks comes to mind but finding a bank that hasn’t been drinking coolaide may be a challenge .

        30

        • #
          Hanrahan

          I don’t carry water for any bank but Qld. Country doesn’t have the Big Four feel.

          Major problem: I don’t have a walkey-talky phone so simply logging in with password on the net doesn’t allow me to pay bills. What’s the point of having an online banker if you can’t pay your bills online???? I truly hate my Big4 bank of 40 years, they treat me like sheet, but I don’t need that damned phone to do my banking.

          Am I in an abusive relationship?

          10

    • #
      David-of-Cooyal-in-Oz

      Nah H,
      Without Jo and you, and all the others who come here I’d have gone crazy years ago. She’s provided us with a continuing source of reliable information and discussion topics as well as her platform of free speech which I value highly.
      I clearly remember the sense of relief I had when I found that I was not the only person who thought AGW was crap and we could explore reasons here in our own words.
      Stick with us H. We need to stick together to fight these arhls.
      Cheers
      Dave B

      110

    • #
      Old Goat

      Hanrahan,
      Do not despair . The pushback has started and reality is biting . The big question is how bad it will get before it gets better . We have failed to learn the lessons of the past but the future is still unformed and we are many and they are few . Fear and lies are their tools and already they are losing their utility as more people become aware of the truth .

      60

  • #
    Zigmaster

    I think a lot of the blame should be targeted at the major resource companies in particular the largest Oil and Gas companies and petroleum majors BP and Shell . Part of it has been the appointment of left leaning CEOs who like to show their green credentials but have also allowed activist shareholders to dominate the agenda. They have also been in lockstep with the big banks refusing to fund coal projects. When you look at the concerted action by these huge companies it’s staggering that the global reliance on coal still remains.
    These resource companies have created an artificial shortage in fossil fuels as exploration has plunged which together with bans on fracking is creating serious issues with energy reliability and security. With Europe relying on Russia to keep their lights on it is a pretty precarious arrangement.
    The more dramatic issues that we have with supply and cost the sooner we can start replacing these Socialist leaning governments with those that will stand up to the climate fanatics.

    30

  • #

    Atlas Shrugged has come to life.

    40

  • #
    Ross+Holding

    World is going to get colder- years ago I decided to invest in shares favouring wool and coal.

    50

  • #
  • #
    Bill+In+Oz

    Jo I suggest a simple quick solution for Sco-Mo !
    Change our superannuation law so all Australian superannuation funds are compelled to invest only in Australia !
    That sort’s out any foreign banker attempts to restrict investment in Australia.
    And gives these bankers a smack over the ear for their foreign interference in Australian domestic affairs
    Bugger the bastards !

    31

  • #
    James Murphy

    It still amazes me that so many people who once would have, and probably did literally get on the streets to protest about the power of large banking institutions, are now supporting them with almost as much zeal.

    How many Occupy Wall Street protestors, how many of those who protested at G7 summits, at WEF and IMF meetings, etc, are now saying the IMF, the World Bank, and World Economic Forum, and other massive banking institutions are credible authorities on “climate change” (and disease control).

    Talk about sell-outs and useful idiots…

    50

    • #
      PeterS

      Unions too. They used to be anti-business and anti-banks, now they are siding with them ever since the pandemic started. It’s not a coincidence.

      20

    • #
      William Astley

      People go the side that has the money and the power. China runs the scam and now controls the internet companies as well as the media companies. China has taken over the Democratic party and the other parties. The US is not on our side.

      The US climate change ‘special’ interest groups are just, paid, sabotagers. Forced installation of wind turbines and solar panels and shutdown of the hydrocarbon industry is not going to fix climate change or improve the envirnoment.

      Zero CO2 emissions is a scam.

      The general population is clueless about the big picture. i.e. China is burning coal and will continue to burn coal until we are bankrupt. The 24/7 fake media is part of the problem.

      60

  • #
    sophocles

    2026 is the scheduled year for the next big financial crash. That’s not far away now.

    10

  • #
    Jeremy C

    Hmmm, wasn’t Matt Canavan calling for an interest rate hike so that Australian households could subsidise the coal industry?

    13

  • #

    Aloha! As a bloody yank I have to go back in time and scan my memory for the last time corrupt politicians and bankers got together with corrupt credit rating agencies to pull off a $1tril scam! Hmmm … let me think!

    Ah … 2007 SUBPRIME!!!!!

    The credit rating agencies will be key to force this scam! Do not leave them out of this equation!

    80

    • #
      David Maddison

      Ultimately the subprime loan scam can be traced to Clinton who forced the banks to lend to people who were poor credit risks.

      https://www.cnbc.com/2016/05/28/are-the-clintons-the-real-housing-crash-villains.html

      The seeds of the mortgage meltdown were planted during Bill Clinton’s presidency.

      Under Clinton’s Housing and Urban Development (HUD) secretary, Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in “credit-deprived” areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting. If banks didn’t comply with these rules, regulators reined in their ability to expand lending and deposits.

      These new HUD rules lowered down payments from the traditional 20 percent to 3 percent by 1995 and zero down-payments by 2000. What’s more, in the Clinton push to issue home loans to lower income borrowers, Fannie Mae and Freddie Mac made a common practice to virtually end credit documentation, low credit scores were disregarded, and income and job history was also thrown aside. The phrase “subprime” became commonplace. What an understatement.

      Next, the Clinton administration’s rules ordered the taxpayer-backed Fannie and Freddie to expand their quotas of risky loans from 30 percent of portfolio to 50 percent as part of a big push to expand home ownership.

      Fannie and Freddie were securitizing these home loans and offering 100 percent taxpayer guarantees of repayment. So now taxpayers were on the hook for these risky, low down-payment loans.

      Tragically, when prices fell, lower-income folks who really could not afford these mortgages under normal credit standards, suffered massive foreclosures and personal bankruptcies. So many will never get credit again. It’s a perfect example of liberals using government allegedly to help the poor, but the ultimate consequences were disastrous for them.

      Additionally, ultra-easy money from the Fed also played a key role. Rates were held too low for too long in 2002-2005, which created asset price bubbles in housing, commodities, gold, oil, and elsewhere. When the Fed finally tightened, prices collapsed. So did mortgage collateral (homes) and mortgage bonds that depended on the collateral.

      Many bond packages were written to please Fannie and Freddie, based on the fantastical idea that home prices would never fall. Fannie and Freddie, by the way, cost the taxpayers $187 billion.

      Just to make this story worse, Senator Hillary Clinton and Senator Barack Obama voted to filibuster a Republican effort to roll back Fannie and Freddie. But on top of all this, while Hillary was propping up Fannie and Freddie, she was taking contributions from their foundations.

      111

  • #
    Lucky

    Just from my present knowledge, I would call the bluff.

    If they go ahead by:
    -restricting lending by the int. banks
    -higher interest rates
    -trade barriers

    Then Australia should self-fund important new projects by cutting other spending. On a consumer level (I think) there is little international debt.
    The important projects are primarily coal and nuclear power stations, there would be coal mining and other minerals.

    Areas to be cut are:
    -submarines, cut to zero may almost be enough, these are of little use without an effective alliance
    -wind power, fake hydro power and battery storage, solar power.
    -abolish the ABC
    -withdraw from the UN and the other immoral international agencies
    -substantial reductions in university spending. At least two universities to be abolished namely Sydney U and James Cook.
    -abolish the GST, the payments from GST to the States to be abolished, give the States power to raise tax, if this becomes a State responsibility we may see some spending cuts.
    -no government spending at all on the arts, religion, culture and sport (yes this one would never get support)

    Concurrent
    -legal and operating restraints on banks, as mentioned here, to force then to operate as commercial entities not for religious charitable (pseudo) environmental objectives.
    -similar special restrictions on overseas owned or controlled agencies operating in Australia
    -no secret funding from China, Vatican, Soros, Gates type sources.
    -imposing the same fiduciary and ethical rules on all large organization boards, especially including unions, as apply to commercial corporations

    60

    • #
      Kalm Keith

      🙂 🙂 🙂

      “Charities”, as an example, are uncontrolled.

      Money going everywhere without tax accountability:
      some of the spondooley even gets to the nominal beneficiaries after the 80% soaked up in operational “costs”.

      61

  • #
  • #
    PeterS

    Wake up peoples. It’s not about CO2 emissions. It’s not even about the science. If banks and governments were really serious about CO2 and climate change, they would be giving money away to the business world to build nuclear power plants. Given they are not it is clear then the whole CAGW issue is a hoax and a scam. No science required. Just common sense and logic. Simples.

    90

  • #
    TdeF

    It’s about the money. Consider this comment on the closing intervention by India in COP26.

    “The Glasgow get-out clause means that leaders failed to phase out fossil fuels and the richest countries won’t pay historic climate debt

    They finally said it. Historic Climate Debt. We must owe China a fortune. Culpa Mea. Culpa Mea. Who would have thought that dragging the world out of abject poverty would wreak the disaster of 1.5C? And leave Australia as the villain of the world.

    It’s all about Historic Climate Debt, Colonialism reparations and someone needs to tell India and China about systemic racism. But everyone knows easily the worst racism is in America. Even if black America on its own is the 16th richest country in the world and the world’s poor cannot wait to cross the open borders. Of course it’s about the money and cheap labour.

    Will there be a COP27? How many tens of thousands of globe tripping government observers will now go home, a job well done?

    60

  • #
    David Maddison

    Banks love “green” projects because they are backed by government legislatio, taxpayer subsidies, forced purchase of a fundamentally defective product, rapid approval processes without regard to environmental damage and other support.

    In what other area of endeavour would a business and bank get a high guaranteed income for a defective product?

    Take away government subsidies and other support and no one would want to go anywhere near green projects.

    A coal power station will produce reliable, cheap power for 50 years or more. There is no problem selling the product. There is almost no business risk for owners and the bank investing in a proper power station operating in a free market.

    110

    • #
      Dave in the States

      Coercion and freedom cannot exist in the same space. Market coercion is evil pure and simple. The antidote is freedom:
      Free markets.
      Free Speech.
      A free press.
      The freedom to work.
      Freedom of competition.
      The freedom to make choices on what to buy or what not to buy.

      50

      • #
        David Maddison

        Fundamentally what’s happening is that the Left is out to destroy all Enlightenment values.

        In the Enlightenment, power was transferred from the Elites to the people.

        Now the Left are destroying that and returning power back to the Elites.

        90

  • #
    David Maddison

    Warren Buffett said: “We get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.”

    In other words, the only point in building “green” power “generators” is to harvest the subsidy.

    Warren Buffett is a Democrat supporting green and even he admits this subsidy harvesting.

    110

  • #
    Ronin

    Is there a net benefit to Australia to be in the UN and what is it.

    30

    • #
      David-of-Cooyal-in-Oz

      G’day R,
      The way they’re using words at the moment, I guess they’d say we get “benefits” from WHO and IPCC, especially for the word changes they make in regulations: like “CO2 is a pollutant”, and “trials show ivermectin is ineffective against Covid”. Or best of all: “The vaccines are safe”.
      Truly priceless. Or is it valueless?
      Cheers
      Dave B

      70

    • #
      Mal

      Nett zero benefit to be in the U.N.

      50

  • #

    I am sure that by 2030 it will be realized that the climate change hoax has placed its dead hand on world economies which will need to be totally cleansed of it in order to restore decent standards of living. The poorer nations will be the ost hard hit of course, but all willineviably suffer until common sense prevails again

    80

  • #
    john robertson

    Our Parasitic overload,has become drenched in delusions of adequacy.
    They seem to believe their own propaganda.
    And assume that they are necessary to their host.
    As the host dies under their relentless greed.

    The Guillotine.
    Because it is our heritage.

    All our progressive comrades,will applaud these deranged financiers and insist that there really is a “free Lunch”

    60

  • #
    CHRIS

    This is the NEW CAPITALISM. When people like the multi-billionaires (Gates, Bezos, Musk, Soros, Zuckerberg, Twiggy etc etc) and ex-politicians like Gore, Kerry and Turnbull talk up investment in “green energy” , and the banks and investment/hedge funds dive into it, then you know there is a BIG problem looming. And, like the “OLD” capitalism, profit will be the key, with the “haves” taking about 98% of the wealth created, leaving everyone else to suffer. Anyone want to guess just when we’ll have our first Trillionaire?

    30

  • #
    Simon

    Don’t worry, the Glasgow Climate Pact has agreed merely to “phase down” coal. The original text was “phase out”, you can thank India for that intervention.

    06

    • #
      Ronin

      Bless their hearts.

      30

    • #
      clarence.t

      Which won’t happen for another 50-100 years.

      Every country needs reliable dispatchable electricity.

      Only the most foolish and gullible will continue with this anti-CO2 idiocy once their electricity grids start collapsing.

      20

    • #
      clarence.t

      Don’t worry Simon,

      India and China will “phase down” coal by burning every bit they can get there hands on…from Australia, Indonesia, Mongolia, Africa etc…

      Eventually (in a few hundred years) they may run out, then start “phasing down” their usage.

      20

    • #
      David-of-Cooyal-in-Oz

      Ahhh, those poor Greens. Outmanoeuvred by India.
      Well played, India!
      Got them middle stump with the last ball.
      Cheers
      Dave B

      20

  • #
    Don A

    Jo, whatever has happened to the explanation that CO2’s effect on Global Temperature is minimal. Where is your David on this? Is this explanation worth following? https://www.scribd.com/document/529064626/The-Impact-of-Atmospheric-CO2-on-Earth-s-Spectral-Radiance?fbclid=IwAR0d4zt43XSSAHHDpGIoPNkQnnKCXDnUWVh65DAJcuPQh1kJ7seMIleHYZQ Will no one push this, even legally

    10

  • #
    Liberator

    I can’t wait until 2030, 2035, 2050 to see just what technologies will be in place to give the world the energy it needs for us humans to continue when we have to turn off our fossil fuel powered energy systems to save the Earth. I might make it to 2050, but I might not, honestly the way things are looking, I don’t care about making it to 2050 because of the coming chaos.

    Except for the greenies and those brainwashed by them and the MSM, we all know renewables just won’t cut it. So when they have installed the millions of acres of solar panels, millions of wind turbines. tonnes of batteries, dammed more rivers to make pumped hydro to store the cheap renewables we’ll be right, right? They’ll all have to be interconnected across the Earth as that’s the only we can be sure when the suns not shining and the winds not blowing here then it will be somewhere else, but will there be enough?

    When we ban ICE vehicles and progressively replace them with EVs, I sit back and think of the coming chaos, the trillions of dollars to get there, to get what, unreliable, intermittent power to run the world? The coming chaos scares me if we continue down this path. Until we can find a reliable source or sources of energy that’s available 365 24/7, not just for power generation but for everything that needed fossil fuels to create energy, there will be upcoming chaos.

    When they start shutting down our power stations and replace then completely with renewables and pumped hydro and batteries, then when we can’t drive our ICE vehicles, heat and cool our homes, keep our food cold, if we can even get it. This is the chaos that coming.

    This is my fear, I don’t fear climate change, I fear the madness of the people trying to “fix” it, with so called “solutions”. They really think we have the power and ability to control the weather and climate? I dread their so called solutions and I wonder what those in the extension rebellion and others know what they are really asking for? The ultimate cure is no humans.

    A slightly warmer Earth is not much of a problem if the cure is worse than the disease.

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      Philip

      well said. I feel the same way

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        Kalm Keith

        Same here.

        Watching the deliberate smashing of Europe- Britain over the last 25 years was bad enough but to see the collapse of the USA over the last year was devastating for what it means for Australia.

        I don’t know anyone who has “had” CV19; but have five acquaintances report alarming responses to the VaXXine.

        For three of those the experiences ranged from life threatening to terrifying.

        Something ugly has happened to the world.

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    john

    Blackrock was given carts Blanche at the US Federal Reserve to buy assets from them and play both sides of the bet during the financial crisis in 2008. Oh, and another time after that.. criminals…

    https://www.google.com/amp/s/www.nytimes.com/2020/03/25/business/blackrock-federal-reserve.amp.html

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    john

    In this video, John Titus succinctly explains it all including the “Criminal Blackrock” and how the pandemic, global warming issues are being used for their own purpose.

    https://m.youtube.com/watch?v=VYOEvurCVuk

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    john

    COP26
    BlackRock creates biggest climate exchange-traded fund range

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    john

    https://www.reuters.com/business/cop/blackrock-creates-biggest-climate-exchange-traded-fund-range-2021-10-26/

    This angers me. The Fed let them buy up all the bad mortgages “assets” and that allowed them bet against those assets. At this time Blackrock is also buying up real estate during this crazy bubble and you know darn well they’re making bets on the correction…

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      Custer Van Cleef

      From Wikipedia:

      BlackRock is the world’s largest asset manager, with US$9.46 trillion in assets under management as of 2021.
      BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries.

      So the rampant digital money printing is concentrating in some people’s pockets.

      But maybe they share it around? …

      https://en.wikipedia.org/wiki/Larry_Fink

      Oops … some little people got hurt … I wonder who made money on the other side of this deal:

      That same year [2006], BlackRock’s $5.4 billion purchase of Stuyvesant Town–Peter Cooper Village, a Manhattan housing complex, became the largest residential-real-estate deal in U.S. history. When the project ended in default, BlackRock clients lost their money, including the California Pension and Retirement System, which lost about $500 million.

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    Erasmus

    Up the page my observation that ordinary citizens can’t fight the level of corruption now observable in government and media was met with cries of “yes we can, you know, bring on a revolution”. The democrats would love a better example of insurrection than the pathetic one they are hyping now, the January 6th demo. A bit of armed militia action would play right into their grimy hands, and it may yet happen. Without a full scale military coup the USA might go right down the path of palace coup that’s remaking America – it’s already on. Elections are a year away, and elections are still being fiddled. Any hint of an armed movement would see a state of emergency imposed and elections cancelled. Their vax mandates are awfully close to states of emergency – and we have seen it here too.
    In Australia, gun control is so complete that an armed insurrection is just never going to happen. Or is it some other sort of “revolution” you have in mind?
    Rejoice in our conservative conversion to green left socialism, and start saving for your electric conveyance.

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      Kalm Keith

      Erasmus,
      You seem to have contradicted yourself about guns.

      The U.S.is full of guns, but the crooks are still in power and crushing the population.

      In Australia, we have put guns away and benefited with far fewer gun deaths and massacres than the U.S. True, there are many guns in the hands of criminals here, but that’s politics: those crims, mostly, should already be in gaol where they belong.

      I really don’t know what the answer is but we need to sort out the corruption that riddles society.

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    Phil O'Sophical

    ‘the Global Financiers, who only want to save the world”

    I am afraid their idea of saving the world is moulding it to their domination; changing its financial systems to a global digital currency, and using that system to bend humanity to control at their will.

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    Yonason

    I’m wagering that a cost/benefit analysis would show that allowing them to raise interest rates would ultimately be cheaper than surrendering to their green insanity. And they could walk away with some self respect.

    Can what the banks are doing even be legal? Not sure how Oz could fight it, though, if the courts have been corrupted by the lunatics.

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    Daffy

    I’d be happy to cop the ire of the money club, but on the basis that we drop subsidies for uneconomic unreliable power generation, invested in a truly free market, adopted nuclear power (and shared that technology with the region), became a high tech power house. Then it wouldn’t matter. While the rest of the world impoverished itself, we would be doing splendidly.

    BTW could the comments be shown as most recent first, with the form at the top, not the bottom?

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    Dennis

    The Australian, Business Review

    “Heavyweight investors will heap more pressure on the nation’s biggest emitters, warning too many large companies are failing to deal with climate issues at a board level despite lofty targets.”

    The Group members are;

    https://igcc.org.au/our-members/

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      Betty Luks

      Some further thoughts on Catherine Austin Fitts summary of the world situation.

      She spoke of a centralised ‘digital currency’ being set up by the international bankers as a result of the advances made in technology.

      But I say the currency has always been ‘digital’. By that I mean it is a ‘numbers’ system whether we use computer ‘blips’, gold or silver, even sea shells or buttons.

      Within the system, we add, subtract or multiply and even ancient history shows that that it so. The ‘digits’ (numbers) may be single, double or triple and these days not only in the billions but also in the trillions! Lord knows just how many noughts I should put after the 1 (one) in this case.

      IT IS THE POLICY THAT IS IMPORTANT and if one cared to study the history of the POLICIES pursued for even the last fifty/sixty years it would reveal the POLICY is of a gradual centralisation of control by the Money Power.

      Money is created out of thin air – as a debt to the customers – by the banking system, claimed as their own and interest added, plus any other charges.

      Governments borrow money from the same system and we the People have to pay it back through taxes – plus interest of course.

      In reality ‘money’ is an AC-COUNTING system. For example, banks provide a service to their customers as does an accountant. The accountant does not claim he is the owner of the figures he deals with when working out a customer’s debts, profits and/or taxes.

      Don’t believe me? Read the following by Michael McLeay, Amar Radia and Ryland Thomas of the Bank’s Monetary Analysis Directorate.

      https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy

      Then ask yourself, how did the banks gain this power – even over governments the world over?

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    Erasmus

    G.F. Keith. Snip! It’s all you deserve. Try to engage in conversation rather than get picky.

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      Kalm Keith

      Thanks Erasmus, I personally would like to see Americans take back their country.
      Despite the large gun ownership there’s the problem of rooting out the endemic corruption at all levels of government ; where do you start.

      People who have tried to confront corruption in the past seem to have been Arkanised and the organisers of that never officially confronted.

      What I’m asking for is your input on how owning more guns in Australia is going to help us when the U.S. which is full of guns is almost beyond saving.

      How would guns help us?

      Do you want to fix corruption or are you just pro guns?

      What does GF mean 🙂

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    […] Well that explains everything: Bankers bullied Australia into Net Zero […]

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