By Jo Nova
It’s great to see new media platforms blossoming Australia. I spoke to Topher Field at The Aussie Wire to explain how BlackRock, bankers and the Insurance giants use your insurance, pension and super funds against you and why the 23 states of the USA are pushing back and even winning some battles. UN NetZero cartel wants to make Insurance Firms into “Climate Police”. But the insurance fund cartel is unravelling.
The Big Money Cabal waving the socially responsible flag is The Dark Bubble that drives the Global Crazy Train we all ride at the moment.
Topher introduces me at 13 minutes and generously lets me talk…
Hopefully we can reach a whole new group of people who might not read blogs.
In this episode of the AussieWire Topher also discusses the Housing Affordability Crisis in Australia, the South Australian Penalties for disruptive protests, and questions about “hate speech” legislation with David Limbrick MP.
Check out The Aussie Wire — other guests this week include Ed Dowd (Don’t miss him with Dr Malhotra in Perth this Saturday if you can!)
Ed Dowd – “There’s Silence because there’s a Cover-Up”.
How so very, very True !!!!!
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Well done Jo!
Also, if people want to watch this video on a free speech platform rather than supporting censorious Goolag/YouTube you can see it on Rumble at:
https://rumble.com/v2sgjif-rukshan-fernandos-warning-on-anti-protest-penalties-good-or-bad.html
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I always save videos for “the future”.
https://sp.rmbl.ws/s8/2/h/R/Q/d/hRQdk.caa.mp4
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Thanks
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Australia utterly lacks political leadership.
There is no way an actual leader like President Trump would have cowered at a threat like Frydenberg and Morrison did to international financial markets.
In any case, I’m sure it’s just bluff. Australia has massive government and private debt. There would be plenty of competition for financial institutions to service that huge and rapidly growing debt at the lowest rates.
When Morrison and Frydenberg rolled over Biden had already taken up residence in the White House.
Australia’s adoption of Net Zero, to a degree far, far more fanatical than any other country, is NATION DESTROYING, as is indeed its purpose. What other country so eagerly destroys its power stations? Even Germany mothballed theirs and now some of their stupidity has been realised, they can reopen them.
Australia destroying their power stations is a modern version of the Nero Decree (Nerobefehl) of the National Socialists, but unlike them, we have no one prepared to say “no” like even war criminal Albert Speer did.
Here is one of the disclosures by Frydenberg about the threat from international financiers and his willingness to be fully compliant with their anti-energy policies.
SEE LINK FOR REST
Australia is a lucky country run mainly by second rate people who share its luck. It lives on other people’s ideas, and, although its ordinary people are adaptable, most of its leaders (in all fields) so lack curiosity about the events that surround them that they are often taken by surprise. – Donald Horne, 1964
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Australia already has Net Zero. It is the average IQ of the “Pollies” both Federal, State and Territory.
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Vote for us!
Only we can fix the problems!
The other parties are idiots with shocking histories.
No child shall live in poverty…
We are bought out by the WEF to roll out the New World Order (or should that be the New World Odour, as it sure stinks!) and you vill all obey ze rules, as we are not your servants, we are your masters, you damn dirty apes.
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politicians are actually just middle management for the multinationals and the UN.
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If interested, here is some related supplemental information.
https://www.pensionpolitics.com/report/
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Great work by Jo and Topher
ABCCC radio has in recent times, been active in focusing public attention on the activity of the reserve bank where the response to our nation’s financial situation has been to increase the base rate which then flows through to other areas including home loans.
The vilification of the reserve bank governor has been enormous but strangely, there is no mention or analysis of the root cause of the need for the rate rises.
Our big spending, vote buying government actions have made our nation’s financial situation more precarious and consequently made borrowing and the cost of borrowing a huge problem.
Their ABCCC has completely covered over the part played by our so called “government” in making and perpetuating this disgusting situation.
Government is certainly not working in the best interests of the nation’s workers but the national media organization has successfully hidden this important fact.
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Inflation is entirely a consequence of governments overspending, whether printing money or borrowing it. But rather than admit it, the excuses are endless. And the only things keeping Australia afloat are our exports of coal, gas and farm produce as we have no manufacturing now if only because electricity is too expensive. And these exports the Federal governments is openly targeting to shut down.
So there is a total disconnect between the things all Australian governments are doing and the welfare of Australians. There is not even any pretence that the war on the element carbon to ‘save the planet’ is going to be good for Australians. And the welfare of Australians is a government’s only reason for existence.
The only bright spot is that the boat immigration has stopped, thanks to Abbott and Morrison. And remember that was supposed to be impossible. So the Albanese governement is just flying them in wholesale. Just as boat immigration under alleged conservative Sunak has exploded. In the US Biden is welcoming more illegal invaders per year than whole states in America.
The coordinated destruction of the most successful societies in human history is accelerating. And it is the politicians doing it. You can draw your own conclusions about why but it is clearly organized by the political classes. And it looks like the UN, EU and China, the new Axis Powers. And they have America, Uk, Australia and Japan in their sights.
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“Inflation is entirely a consequence of governments overspending, whether printing money or borrowing it.“.
I disagree. What you describe is demand inflation. Inflation usually is indeed demand inflation and raising interest rates is a reasonable way of combatting it.
However, this time an important and probably the major overriding cause of inflation is the rising price of electricity which is in turn caused by the government forcing renewables (wind and solar) onto the grid. In other words, this is supply inflation not demand inflation. Raising interest rates will simply increase the pain for the ordinary people who are already badly squeezed by the rising electricity price and its effect on the price of just about everything. Raising interest rates will have virtually no effect on inflation because the price of goods is already being driven by the cost of producing them.
The cure for supply inflation is to increase supply. In other words, the RBA should not be raising interest rates, they should be telling the government to build new coal and gas power stations as fast as they can and to ensure a ready supply of cheap coal and gas. They should also get going right now on nuclear power in Australia.
The opposition are at last starting to put nuclear power on the agenda, but they need to grow a lot more spine and push for more coal and gas generation.
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Your distinction between the two causes of inflation is good and useful, but the point made by TdeF and myself is that governments are at the heart of the problem.
I think you’ve suggesting that the reserve banks rate rises are kicking the wrong people.
And, a big yes to the urgent production of proper, functional electricity assets.
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The economy? Labor has much more important stuff to do, than worry about the economy and the livelihoods of Australians.
You know, the voice, equity, inclusion, diversity, recognition, say we are sorrier, “coming together”, re-defining a woman, climate catastrophe, mardi-gras, the total destruction of the FF industry, destruction of the last remaining industries, the republic, pride, flags, electric cars, UN, WEF, WHO. These are much more important than jobs, and people’s affordability to actually live a decent life in the country.
Cost of living? — Oh that was way back in an election campaign, you gullible little people…
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Extremist government action being experienced without political concern (see Chalmers reasoning that totally ignores all economic problems but simply wrings hands to say ‘you poor people; it’s all the Ukraine war. There is nothing the government can do!’) imo is coming by virtue of the international political extremes of both the left and right. That’s probably what scared Frydenberg. These governments see they probably only have another year before their controls over the West are attacked, beginning with either Trump or DeSantis and lasting 8years minimum. The reversal of the march through the institutions by the left is soon to be at hand.
The destruction of the Australian power system and the attacks on every major industry in the nation will impoverish us and make us controllable by these extremist movements. This is totally abnormal politics; governments committing to Hara kiri policies against their own national interests should see them thrown out for 20years. In the USA there are attempts to make society unlivable by encouraging crime, both local and by immigration. This all smells like end game politics and explains the get-rid-of Trump (and eventually DeSantis) dirt. The US destruction of the reputation of its major legal systems and their unconstitutional weaponising against their own people and Republican political candidates
shows just how desperate all this is.
We live in interesting times.
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Yes, “We live in interesting times”.
But are we really living; it feels more like marking time and just surviving.
Too many people have had their life’s work damaged or smashed for no apparent reason.
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Mike,
I agree with both of you . Money’s primary function is to enable commercial exchange . If money supply increases go beyond the supply of goods and services you get more money chasing the same goods and services and thats inflation . Raising interest rates doesn’t change that . Black Rock and Vanguard are a law unto themselves and are trying to crash the world economy as it creates opportunity for control and profit. The world order (BRICS) is changing due to the predatory behavior. I sincerely hope that the body count doesn’t get any higher and sanity resumes.
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The only perceived effective lever to control inflation (consumer spending) is interest rates. Problem is previous historical attempts either too much or too little as the feedback loop is too long to use as a control knob.
They are not doing an awful job this time around but the smarts are saying more likely a hard landing but protracted.
As for the theory the mega funds are a significant promoter that makes a difference well of course central banks listen to what they say and of course they have self interest but show me the original source they are successfully manipulating and I’ll believe you.
Much bigger issue for global GDP & for the long term economy is population growth in the first world and emerging economies.
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David,
Population is in decline and the trend will continue . Some countries are still increasing but it cannot continue as pandemic and famine still lurk in the shadows . The “western” countries are only increasing population through mass immigration . The only effective lever to control inflation is to stop creating massive amounts of money which is being done by governments and more importantly by the banks themselves . The hedge funds and super funds are some of the biggest shareholders in the banks and own the media and this allows them to forcing stupid policies onto them and governments. As always – follow the money…
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The printing is central banks which have only one shareholder – Govt.
The interest rate hikes are needed even if printing stops to degas the inflated spending power. You are right that further printing doesn’t help but then we start a discussion about social security.
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The central bankers created the problem with artificially “bureaucratically controlled” interest rates. It’s not a free market in money. They who control the money supply — control the booms and busts of nations. “Free money ” creates the bubble that makes stupid decisions “make sense” (temporarily).
All the talk now of raising the interest rates “to control” inflation covers up that if high rates slow inflation, low rates cause it.
They pretend that inflation is some random monster afflicting us, but there is nothing random about it.
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Hi Mike,
Peter Smith at Quadrant has an interesting observation on demand inflation.
https://quadrant.org.au/magazine/2023/05/slovenly-language-begets-crazy-economics/
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Someone also needs to debunk the “we are now an 80% service economy” implying that we can survive the destruction of our primary industries.
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A “benchmark to beat”
” ‘Just 1,000 listeners’ for Patricia Karvelas ABC RN breakfast show”
https://www.michaelsmithnews.com/2023/06/just-1000-listeners-for-patricia-karvelas-abc-rn-breakfast-show-.html
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It’s usually predictable what people’s opinions on various topics will be if they only consume the MSM. I tell them now that it is obvious that they only get their information from the MSM. Maybe I’ll get through to some of them. It’s a slow process.
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I agree David but Australia has always been NET ZERO and of course so has the entire SH.
The CSIRO has stated the case for SH NET ZERO on their Tassie Cape Grim site for years and yet does anyone really care?
This morning their ABC and the Climate Council are promoting the Torres strait Islander’s case about SLR and why we Aussies are to blame. DUH?
Unbelievable but true, but who cares?
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Sorry, this is a reply to David Maddison at 3.
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Morning Neville,
I think it’s fair for the islanders to be worried about losing their islands, but a valid explanation is needed. 1000 years at 4 mm per year is 4 metres, so their tribal knowledge would show at least that amount of encroachment.
Here’s the link to the ABC’s Just In story.
We know it’s not “climate change”, but it might be on going recovery from the Ice Ages.
https://www.abc.net.au/news/2023-06-09/federal-court-hears-evidence-boigu-torres-strait-climate-case/102455250
Cheers
Dave B
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Sea level, which includes the Torres strait, has fallen about 1500 mm in the last two thousand years. That’s not negotiable, it’s straight out geological fact.
Any changes since this recent “bottoming out” have been inconsequential and nothing more than expected variations in such a large system.
Just imagine what all of these endangered islands were like two millennia back.
It’s all junk.
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I don’t watch the ABCCC but if they are claiming sea level rise is due to recovery from the last ice age then they’re totally Wrong.
Sea levels have fallen between 7 and 4.2 metres since the recovery from the ice age topped out seven or eight thousand years ago. Drop in sea level says that water is being stored on the caps, indisputable.
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I’ve posted this before. Interactive website showing shoreline changes 1984-2016. https://aqua-monitor.appspot.com/?datasets=shoreline. Drill down to the TI group and you can see no negative changes in shorelines whatsoever in that timeframe.
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Thanks for the link Ross and even clicking on the future graph from your site doesn’t show any land lost from future SLR in the Torres strait area.
https://aqua-monitor.appspot.com/?datasets=shoreline,future-shoreline
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The U.N. is setting its course,
With enormous financial force,
Using net-zero goal,
For repressive control,
Backed by huge pension funds to enforce.
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Very well presented Jo.
It’s great to hear you speak, as always with eloquence, with facts, and without hyperbole.
You are the reporter that the mainstream media should have, but doesn’t.
Thank you so much for what you do.
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I believe that Blackrock, Vanguard, and others with a presence in the USA are most afraid of 2 US Laws.
RICO Act: https://topclassactions.com/glossary/rico-racketeer-influenced-and-corrupt-organizations-act/
Sherman Anti Trust Act: https://www.investopedia.com/terms/s/sherman-antiturst-act.asp
Their influencing of finance costs, insurance availability, intimidation of clients, etc , may comprise violations of civil and criminal law that can result in prison sentences for the management of the companies as well as triple damages under RICO for misrepresenting returns on investments made into ESG adventures.
If the firms acted together to execute an unlawful Trust / Collusion/ etc, they fall under Sherman.
If the firms cost their investors money on bad ESG investments that violate their fiduciary duties, it could fall under RICO.
They didn’t think this through. Now they got a wakeup call. They want this to go away quietly before hubris turns into prison.
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A ray of hope.
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Topher, Rukshan and David Limerick were some of the few people who gave me hope during the Victorian COVID lockdowns. Just a faint glimmer, mind you. Because, largely people in other Australian states had little idea or even sympathy for what was occurring during the worst lockdowns of 2021 in Victoria. Curfews, restrictions of travel, rings of steel, riot police/ rubber bullets/ pepper spray. It was surreal and there was virtually no-one in the legacy media, government, opposition who gave a toss. Except for maybe those 3 people. So, I will be getting on the Aussie Wire when possible. Plus Jo’s blog, JP Sears, ADH TV, Mark Steyn. Anything but MS/legacy media who just tell lies and sadly always did.
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Just how bad is Housing Affordability in Australia?
In NZ, the local measure is median House Price to median Household Income. So currently that’s about 10:1 (i.e. a House is 10 times the median household income.)
It used to be 4:1 — but that was decades ago before the Globalists got their way on everything. (I think internationally, 5:1 is recognized as the point when Housing is “seriously unaffordable”.)
John Key’s government (2008-16) promised to fix it when it got as high as 6:1 .. Needless to say — LOL — it kept getting worse, assisted by Key flinging wide open the Border Gates in 2013 (his attempt to manufacture a higher GDP). But in spite of his and others’ failure, NZers keep getting lectured that it’s ALL the fault of City Councils for refusing to free up enough land on the city margins. Other causes — i.e. the affect on Demand from policies like (1) mass immigration and (2) loose monetary policy (“money printing” for cheap loans) — are always downplayed if not outright denied.
So now it’s 10 to 1. The Princess of Kindness (2017-2023) did nothing too — IIRC, there was never even a hint she was aware of the problem….
Good Luck trying to get on the Property Ladder with that ratio, young people, because it’s harder now! YOU are WORSE OFF than your parents’ generation. Start voting on REAL ISSUES instead of effing pronouns and the ‘problems’ of peenis-encumbered ‘women’.
PS. How do other countries compare. Is NZ an outlier?
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Funny you should mention that!
We built a house on Auckland’s North Shore reasonably close to Mairangi Bay. We paid $16,000 for house and land, 3 bed, 1 bath, on a slope so needed retaining walls etc. in 1972. I recently looked it up on the internet just for interest and was stunned at its price $1.4 million! And the houses around it were the same. It actually looked worse than when we had it so nothing had been done to it to justify that price.
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Ha ha. I know!
We bought 10 acres of island beachfront land back in 1975 for about the same price. The seller couldn’t give it away.
One half was a frog infested swamp, the other half woodland.
Frogs – you had to yell to be heard over the noise they made.
Drained the swamp and added drainage channels.
Now it’s all grass, badminton court, greenhouses and bush.
It’s rare as heck and worth $2M, or $10M subdivided.
No, it’s not for sale.😁
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My father ( passed away 2021) went on his Bucks trip pre- wedding back in 1951. He and his best man went to Brisbane, Qld for a week. One day they went to a place called Surfers Paradise and could have bought a block for 5 pounds. Thought better of it – the place was all scrub, sandflies and sand dunes. He and his mate thought there was no way anyone would ever want to live there, so keep their 5 pounds for the return trip back to Victoria.
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Same in the UK. For example, in the south west the average salary is around £30k, whilst the average property costs around £300k.
A lot of new properties are bought up by the buy to rent market where landlords can charge rents of around £3k per month for a three bed property.
This all means that youngsters and working families can never save enough to buy a property and it means if you lose your job you lose everything. The government likes it this way.
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“…pension and super funds against you…”
And as far as super funds go when you add in the presence of unions you open the doors to deceptive and misleading conduct that screws the policy holder over even more. But it cant be so after all we had a banking royal commission not that long ago.
I REST my case.
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government caused housing to become unaffordable with (in a nutshell) mass immigration (pushing up demand).
restrictions on building and planning laws are necessary unless you want to live in a field of concrete towers, and have always existed, even when housing was relatively cheap.
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