Weekend Links, 14-15 August, 2021

Welcome to the Weekend Links for 14-15 August, 2021! We are very happy you are here. Several exciting things have happened this week, including the inaugural post of Turd Flinging Thursdays! It was such a success, that it was followed by Failure To Flush Friday!

Clearly this is a case of innovation the EZFKA way!

However, if you are in the mood to peruse this week’s shenanigans, please have a look at How long until the Australian federal election is suspended indefinitely? – EZFKA – from our own Timbo. Well worth the read and reflective of the opinions of many people, at least I think so. Great little contribution mate.


~~Fighting The Good Fight~~

So I like Jordies. Sometimes. Clearly he is partisan, and probably angling for a NSW Senate seat with the help of Rudd. Hey more power to him, let him get down and dirty in politics and lets see how he goes.

However, Jordies is unlikely to protest when Avi Yemeni gets his head bashed in by VicPol. It is what it is. Still, for this week, we are all about good Australians fighting the good fight.

But its not just Jordies. Its also Martin North and Robbie Barwick, who take a bit of a victory lap, and explain what else is going on with the Oz Post drama.

Neel Kolhatkar is also getting his voice out there. A more reserved, and less partisan version of Jordies below.

And Frenchy gets involved with Covid and its excitement – https://www.instagram.com/tv/CSYmYM1Cvd8/


~~AusPol~~

How do you think this was reported?

Links:

Anti-vaxxers and the vaccine hesitant may just want to be heard. Picture: Steven Saphore/AFP
Freedom!

~~Covid Shenanigans~~

Wait a minute!

Links:

Lol!
Based. Wait what!!
When the definition of vaccine changes…
Not the fun kind of vaccination!

~~Mandate Of Heaven~~


~~Culture Wars~~

If you did not see the tranny in the Star Wars shop – no, seriously that is what happened – Jeremy from the Quartering has a nice overview.

Links:

Ben Garrison having fun!
He will go down in history for his contributions in this age!
The Alpha and the Omega!
Again, weird even by my low low standards.

~~Written In The Stars~~

Aries 8:01 Taurus 19:28 Gemini 28:43 Cancer 42:19 Leo 55:01 Virgo 1:07:44 Libra 1:20:07 Scorpio 1:34:03 Sagittarius 1:45:29 Capricorn 1:57:02 Aquarius 2:07:42 Pisces 2:20:41


~~Markets And Tech~~

Who woulda thunked!

Links:

I’ll meet you all in the gulag, comrades!
Restart?
🙁

~~Socialism For The … Hang ON~~

There isn’t enough cake!

~~WW3~~

Links:

Hmmm…

~~Courage~~


~~Have A Good Weekend~~

We win some…
They win some…

True!
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DictatorDavid

Fark! Some cracking gems in this weekends links. Love it T.

canuckdownunder

+1, great stuff as always!

stagmal

i got karen’d today. the mandate is so unclea in dubbo and i dont even know if im allowed to go outside or not so i just totally ignore everything and walk around where-ever i want to anyway.

some engineer at a road maintenance site approached me as i was walking past without a mask and warned that we were supposed to be in lockdown and that i wasnt wearing a mask and i should go home. i responded “ok karen” twice and he started getting really pissy at me, but i followed up by saying that outdoor transmission doesnt happen and he should present evidence it does. ‘why should i wear a mask outdoors?’

after this he started doing the WALK OF SHAME, but as he was walking off he said he’d call the police on me and i told him to “do it, bc if they fine me im not gonna fucking pay it anyway”. he got so steamed after that lmao.

Agent 47

I’m the same mate. i havent worn a mask or checked in since the start of this thing and no one has said anything.

I regularly mock the people who check in with their phones and the responses are hilarious. Total NPC behaviour, these people are nothing more than EZFKA consumers who would engage in forced sodomy if the government told them to do it.

stagmal

what do they say?

Agent 47

“If we just do this a little longer it will be over” is the most common response i get or just blank stares.

Had some other people call me unaustralian and whatnot. The trauma based mind control has done its job.

stagmal

“unaustralian” is the ultimate calling card of the stupidest cowards imaginable

bjw678

More people get covid every day than get fined, if you believe the daily stats from the NSW government overlords.
Up to you to take what you want from that…

Ramjet

The repayment rates are really bad. Victoria now wants to enforce payment, but that is probably a sign that the state is almost bankrupt. Probably unlikely that Beijing will offer any monetary value for the state.

Ramjet

Oh, the irony. If outdoor transmission occurs, then it would be unsafe to do road maintenance wouldn’t it?
If you want to lockdown make it only essential services that work. We exempt far too much like game shows, construction, celebrities etc. and then wonder why it takes so long to eliminate the virus and why people get grumpy about confusing rules.

Agent 47

Game shows are essential to keep the plebs comfortable so they don’t go troppo.

Ramjet

Whilst true, putting on decent movies and shows would be a better option

bjw678

But reality shows and games shows are so cheap,
feel the value…not the quality

Peachy

Do they really still have “game shows” in this day and age?

bjw678
stagmal

burgos catch phrase was the be all and end all of australian television as far as im concerned

Ramjet

That is true. Very easy to make people look like good guys and bad guys too. Everyone loves someone to hate.

Agent 47

Appropriate

IMG_20210813_104806_034.jpg
LSWCHP

That’s precisely my reasoning on the right hand side of the curve. The demons in the big pharma companies care about nothing but profits and would kill you for money.

Anecdata…I know a young woman with a PhD in neuroscience. She was working on drug research in Europe but has left the field because she was being pressured to produce favourable (ie fraudulent) experimental results. She’s retraining in computer science. Meanwhile, the drugs she was working on will eventually be sold to the public based on fake results about their efficacy and safety.

bjw678

The reasoning on the left is pretty good as well…

Ramjet

My kids like science, but have been steering them towards mathematics instead. Much of the science being pushed around today is pseudoscience promoted by social media influencers with financial interests. Often the best solution is simple, but no one will probably make money out of it.

Stewie

They are coming for Math too with this 2 + 2 may not equal 4 bullshit progressive shit heads a pushing.

Ramjet

Once we have undermined the sciences with neoliberalism and progressivism, the West will be lost. Xi Jinping needs a new advisor as all he had to do is watch the West turn into a clown show and China will be dominant by default.

Peachy

I am on teh left side. I like to pretend I am on teh right!

bjw678

That I doubt,
But alcohol, low standards and poor decisions sounds like a serious weekend…

Stewie

Did you do the chart yourself Agent47 or see it elsewhere?

This was the most interesting excerpt from the link Coming. It would be interesting if the could break the study down of each of those educational groups by their OCEAN personality traits to assess things like agreeableness.

Capture - Copy.JPG
Last edited 2 months ago by Stewie
bjw678

I don’t find it all that surprising, a masters is doubling down on repeating the stuff they tell you back to them, virtually a second undergrad degree.

A PhD requires you to demonstrate independent thought and produce a piece of original research.

Ramjet

Tertiary education was supposed to involve critical thinking, but that was years ago. Given they are degree factories now, critical thinking is less of a core skill.

The90kwbeast

Certain degrees offer you no freedom of thought anyway. In my Bachelor Business all you ever did was quote everyone else’s opinion to form an argument. Critical thinking is at times encouraged but ultimately to pass any assignment you have to stay in your lane.

Ramjet

I guess I didn’t do enough critical thinking about all faculties. You are right.

The90kwbeast

Yes. Most university degrees are all about teaching you to be a good middle class corporate lemming, or government funded admin peon.

Ramjet

Sounds very Robert Kiyosaki like, but then I actually don’t mind reading his books as he does have an interesting perspective. He wrote a book “A students work for C students and B students work for the government”.

The90kwbeast

Interesting pick up. If course I’m also probably swayed by my B Bus. degree but Law, Engineering etc whilst technical are still going to be about teaching you to work for someone else’s business. Medicine, nursing and the sciences mostly working for the government. There isn’t a single uni course I can think of teaching you to be an independent thinker, to be a business owner etc

robert2013

Many lawyers and doctors are self employed.

bjw678

Many lawyers and doctors are self employed.

So are many concreters, and meal delivery drivers.

robert2013

I was replying to The90kwbeast who said that “Law” is “about teaching you to work for someone else’s business”. “Medicine”…”mostly working for the government”. I argue that both are uni degrees that do set you up to be self-employed, if you wish to be. Also, I’d argue that philosophy degrees actually do set you up to be an independent thinker. They just don’t set you up to make any money. Don’t get me wrong, for most people who went to uni, including me, it was a complete waste of time. I’d have been a much happier tradie.

bjw678

thinking about all faculties. 

Even the arts faculties seem to be churning out a whole heap of inner city greens voters that all have groupthink.

*May or may not be actually valid….

Ramjet

Would agree with you on this.

bjw678

Democracy is “supposed” to represent the people.
I call it marketing, and it is intended to control the population.

Stewie

Yeah – the independent thought is something that requires a higher level of disagreeableness though then necessarily high IQ alone.

A basic necessity of having a starting position that sits outside the box is that you are prepared to disagree with the status quo, the accompanying IQ then determines how successful turning that independent, rebellious though into a PhD ultimately is.

I haven’t had too much experience of people who have done Masters outside of Finance, but the ones I’ve encountered in Finance were always the nebbish, conscientious types who did all their homework on time and as you say master ‘repeating the stuff they tell you back to them’.

I thought the graph and chart as per Agent47 was very interesting, but as someone who is struggling with getting the vaccine while I take some solance to think that other smart people might see it the same way I do, I also worry that it may be my or their natural disagreeableness, or uncomfortableness with the majority that is driving my motivation and perhaps that of other smarter people, rather than necessarily correctly assessing it.

Ultimately I suppose it isn’t a question that can be answered by looking to others and taking comfort for what they’re doing, as that is no better than the rest of my family who turn on the TV and gain comfort from seeing they are doing what everyone else is doing, rather its something you’ve got to come to a decision about wholly on your own.

Last edited 2 months ago by Stewie
Stewie

Being disagreeable comes with some drawbacks… you might found a new colony, but more often than not you just end up lost in the mountains.

https://youtu.be/x7kdDeGXUjI

bjw678

Your position is probably much more interesting, but to take it back to the original study and even science in general, something that is easy to measure is far more likely to have research done into it than something more potentially relevant.

Education level is trivial…

Gouda

One concern with PhDs is that it’s usually in a highly specific area of research and there’s a growing proportion that are either forced to do so due to academic inflation or not having any serious job prospects in their base degree which also might represent a failure of judgement.

Of course, having a PhD never stopped Liz Allen commenting on issues unrelated to her doctorate!

On the Masters comparison, it’d be interesting to know the breakdown if was by coursework or if it was based on research/publication. There’s quite a difference between the two, with the former having more in common with university level regurgitation.

bjw678

Fair point, but there simply isn’t a PhD by coursework.

Agent 47
Freddy

That article seems to contradict Stewie’s belief that IQ is genetic rather than cultural/educational.

I question the permanency of the situation. One of my nephew’s was a baby genius that was walking, talking, and extremely outgoing and playful at 9 months. Another was quite introverted and didn’t start walking or talking until around 14 months. It evened itself out well before they started kindy.

Stewie

That article seems to contradict Stewie’s belief that IQ is genetic rather than cultural/educational.

I believe cultural and educational components all contribute to partially explaining some of the residual differences in life outcomes between population groups.

For example the difference in life outcomes between an African living in Africa and one living in America is wholly cultural and educational. That said I believe that the differences between white Americans and Black Americans livings in America is mainly a function of the individuals IQ, although some smaller part of the difference can still be explained by cultural and educational factors.

Education and culture imho simply sharpens the underlying potential that already exists in respect of ‘g’ or general intelligence. In respect of ‘g’ most of the evidence suggests that this is genetic, but I remain open to the possibility that some of what people may attribute to ‘g’ as being is dependent on environment.

robert2013

Years ago, I read that intelligence is mostly inherited from the woman. Also, when I studied AI back in the early naughts there was a great demo showing how neural nets have to start with randomised weights otherwise they do not work (you can’t start with zeroed weights). By sheer chance, a neural net can be much closer and hence faster at reaching a desired function during training and more accurate when they get there. If this is also true of brains, it is reasonable to suppose that at least some aspects of intelligence are purely the result of the initialisation state of the network.

Stewie

Yeah I remember reading that when I was younger as well. However, this seems to have been a furphy that rests on the fact that you get the tinniest amount more of your genetic material from your mother than you father, something like 50.5% from your mother and 49.5% from you father, due to the size differences in the XX vs XY Chromosome pairings. So the reality is you are highly dependent on both parents.

Human intelligence and indeed most traits or characteristics are actually the function or expression of multiple alleles or genes, found on mulitplie chromosomes. How the traits are expressed are a function of both whether they are dominant or recessive, and the presence or absence of other polygenic combinations.

There may well be genes found on the X Chromosome that are related to IQ, however the majority of the genes on these two chromosomes are sex related.

That all said, while you are dependent on both parents for your IQ, you are 100% dependent on your mother for the genetic material that is responsible for your energy levels. The cellular powerhouses of every cell in your body come from cellular bodies called Mitochondria, which are small RNA genetic material that comes 100% from your moth and the original egg she produced that you grew from.

bjw678

Traditionally child rearing is done by the mother, early learning in that case is likely to reflect the abilities of the mother far more than the father.
No one will ever likely know as the experiments are completely undoable in an ethical way.

Stewie

In modern times I’d definitely agree that women play a much larger role in shaping the environmental influences of early childhood for boys, compared to their fathers. Meaning they would be an environmental influence in terms impacting whatever portion of IQ is environmentally influenced in an individual.

bjw678

The action by the International Wushu Federation is taking place in Australia’s Federal Court where a judge has ordered Google to hand over subscriber information. The action appears connected to a kung fu controversy in Turkey.

We are world class in something I guess.
The place to go to force google to reveal information about video uploaders.

Agent 47

They should just start printing the Australian constitution on toilet paper at this point.

bjw678

It get’s better, you MUST carry ID with you, direct from police comissioners mouth.
$5000 fine for breaching orders.
Dr chant(?) nowhere to be seen, has she resigned because she doesn’t want to be the scapegoat for gladys’s health advice…

ThePensum

Sorry – the quote attributed to Schwab seems like it was faked:

https://www.reuters.com/article/factcheck-schwab-population-idUSL2N2OB1JW

robert2013

Fact Check-Depopulation quote has been misattributed to Klaus Schwab
https://mobile.reuters.com/article/amp/idUSL2N2OB1JW

ThePensum

beat ya to it!

Stewie

“The population of Canada, Western Europe and the United States will be decimated more rapidly than on other continents, until the world’s population reaches a manageable level of 1 billion, of which 500 million will consist of Chinese and Japanese races, selected because they are people who have been regimented for centuries and who are accustomed to obeying authority without question.”

That said it would probably be a nicer place to exist in than one populated with 10 billion people, with 9 billion of those being sub-Saharans (I exaggerate 1 in 2 people will be African), as Steve Sailer found out when he dove into the UN’s 2017 Population projections.

https://twitter.com/Steve_Sailer/status/1105226110898384896

Sacha

Even if the quote is fake one name stand out: Kalergi.

https://en.wikipedia.org/wiki/Richard_von_Coudenhove-Kalergi

Coudenhove-Kalergi is recognized as the founder of the first popular movement for a united Europe…

According to his autobiography, at the beginning of 1924 his friend Baron Louis de Rothschild introduced him to Max Warburg who offered to finance his movement…

In 1926, the first Congress of the Pan-European Union was held in Vienna…

And:

“In his 1925 book Practical Idealism, Coudenhove-Kalergi envisioned an all-encompassing race of the future made up of “EurasianNegroid[s],” replacing “the diversity of peoples” and “[t]oday’s races and classes” with a “diversity of individuals.”[42]

Interesting chap.

Agent 47

I can’t wait for Andrews to back up his threat to go door to door. Fucking wanker.

stagmal

also sounds like FJ is getting his ass kicked in court, whoops

bjw678

???

Agent 47

Saw that. Barilaro does wear women’s underwear though, so it’s basically a race to the bottom.

bjw678

I wouldn’t cheer this decision, the logical conclusion is a politician can admit corruption under parliamentary privilege and if you report it you are open to a defamation case you can’t defend with the argument that you are reporting what he said.

Peachy

Is Jordo going to appeal it?

bjw678

I don’t think he can. But IANAL.
It also isn’t a verdict against him, it just prevents him using his defence but requires him to defend it.

this is the reported judges words

Justice Stephen Rares ruled against Mr Shanks on Friday and said his approach would be an “affront to justice” that effectively left publishers free to defame people speaking under parliamentary privilege.

Justice Rares said parliamentary privilege was a “fundamental principle” of democracy that ensured MPs could speak freely in parliament.

He acknowledged Mr Shanks did not appear to have any other defences available to him but said the situation was not Mr Barilaro’s fault.

“Rather, it arose because of the way in which Mr Shanks chose to publish the bruz video,” he said.

Sacha

Quiet here…

Everyone still hiding from the shit flinging?

Thanks for the Links T.

Wishing everybody a good weekend!

Howzabout some Grace Jones on Sat morning?
‘I’ve Seen That Face Before’

Screen Shot 2021-08-14 at 09.59.24.png
Peachy

That track has a curious vibe. Can’t quite place it.

seems like it might belong on the soundtrack of a cold-war era Eastern European movie.

maybe it’s the organ/accordion type instrument going in the background?

DjenkA

mouth accordion in case of the Jamaican, I think. Maybe not.

https://www.youtube.com/watch?v=vaXNdVTGT0k
https://www.youtube.com/watch?v=MepPfI7ebMY

DjenkA

I missed to add that Jamakian made a nice mix of reggae with all the remakes she’s done. As with reggae, all the rhythm is made with strong and long attack, virtually no sustain and almost instant decay. Most people will find that sound pleasing.

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

Sacha

Never knew it was based on Libertango.

Peachy

Djenka seems to have nailed it!

👏👏👏

DjenkA

Only because I happen to know Grace Jones’ music quite well. So a fluke. She was big in Eastern Europe in her days.

Peachy

You say “fluke”.

…. Yet, sometimes, I feel like there are no coincidences…

DjenkA

I’d never knew any of the arses and ladies here and all their smart and stupid ideas if it wasn’t for Davo Lewdo Smurf deleting posts which triggered his cognitive dissonance. From this it concludes that it cannot be by a chance that I am here – so I am here purportedly by a design of a greater power than me which makes it out of my hands but somehow I am here of my own will… and I lost the plot here.

DjenkA

LOL, I discovered Piazzolla through Grace. She was pop, therefore cheap music, but she had her own style, unmistakable for her so not ‘cheap’ after all.

Sacha

It has a very unique sound/vibe.

A bit ominous because it’s about being followed or maybe mild paranoia?
Also not repetitive which keeps it interesting.

Probably one of those love it or hate it tunes

Peachy

Just because you’re paranoid doesn’t mean that they’re not following you….

ThePensum

For anyone who is interested, that track is basically a version of Piazzolla’s Libertango – she just put words over it.
Check out the original version – fantastic.

DictatorDavid

New video for the Marty Fockers fans. https://www.youtube.com/watch?v=NCLISRDC6hU

stagmal

solid, i watched it. marty has balls of steel , im amazed the vicpol havent gone in to bash him yet but i guess his always filming camera is protecting him.

DictatorDavid

Can’t believe the ending. Leaving, gf using toilet… arrested!

Peachy

Damn, why did you spoil the ending for me?!

teh advanced ezfka.com software has a “spoiler” button to hide those bits.

Who is this Marty dude, what was he doing before teh Corona?

stagmal

no one knows, but he just showed up some etime last year and has been a persistent thorn in the side of the vicpol ever since. hes like a indian brave on the great plains showing up on his white horse to cause havoc then disappearing into the horizon before the cavalry can be dispatched to get him.

DictatorDavid

I did not know that, will keep it in mind for next time 🙂

Sacha

‘Fall of Democracy: Australia’s growing anti-protest regulations’

https://tottnews.com/2019/01/10/fall-of-democracy-protest-regulations/

Last edited 2 months ago by Sacha
DjenkA

I struggle to see the point he’s trying to make by playing chicken with police officers.
It’s all good that he’s got a point, a massive one, but rubbing that point to the people that are least likely to be interested and were trained to ignore it is not even Sisyphean work.
During the WW2, the resistance (not the romantic French one like in ‘Allo Allo! – but the real one, like seen in the eastern Europe) did something that hurt the system, like blowing up the railroads, bridges etc – subversion and diversion work.
What did this guy achieve by pushing all the buttons so hard to get arrested?

Peachy

Who knows what his angle is…

maybe he is trying to run a test case – eg challenge the fine or sue the police for unlawful arrest or harassment, in order to have some element of the regime declared unlawful or otherwise circumscribed by a court.

or maybe he’s trying to raise awareness. Maybe he is (or wants to be) the modern version of the dude in from of the tank on Tiananmen Square. Or the self-immilating Buddhist monks…

we’ll see.

DjenkA

What actually troubles me is that they are seeking to create attention through action, on the issue and on themselves equally.
Tienanmen guy is not comparable, imho, because he perhaps participated organised protest but his actions were likely spontaneous. The guy did not surround himself with cameras and there was a huge chance we could never know of him if there was not a camera man that saw his 5 min of fame.

Just to make it clear, I do not disprove his actions, I just think there are more effective ways to sting the tyranny. E.g. the article at News com au asking to preach the experimental jab to those that think with their brain is an excellent opportunity to convert a complacent to a thinker. If every person with some brain converted 10 complacent people into 10 thinkers and experimental jab got less traction, the progression would make tyranny scratch their head within weeks.
I planted a serious doubt in a complacent family so there are at least 2 persons I saved form boosters. 8 more to go. Back to Marty and his GF, his actions will most likely cement thinkers into their assessment but it is unlikely to convert any complacent pleb into a thinker. Hope i was not too cryptic, some things just should be said outright.

Last edited 2 months ago by DjenkA
bjw678

 If every person with some brain converted 10 complacent people into 10 thinkers and experimental jab got less traction, the progression would make tyranny scratch their head within weeks.

It’s a nice thought but the response to “thinkers” ignoring their demands has been to double down on the propaganda, enact harsher penalties and perform more enforcement.

Peachy

If every person with some brain converted 10 complacent people into 10 thinkers and experimental jab got less traction, the progression would make tyranny scratch their head within weeks.

I planted a serious doubt in a complacent family so there are at least 2 persons I saved form boosters. 8 more to go.

well, I see what you’re saying, but having “thinkers” doesn’t make the jab have less traction.

for all you know there are 20million thinkers in the ezfka, all quietly thinking away. The majority. While they are quietly thinking away, nothing changes. Coercive measures are dialled up until enough of them comply and soon the jabbed are the majority and the unbanned are the minority that is easy to demonise.

things could look different if the 20m thinkers did what Marty does. Or even 2m…

Stewie

The more people are plugged into msm and the narratives they promote, the more hysteria and the harder it is to have a rational discussion with them.

Last edited 2 months ago by Stewie
Peachy

but so what?

which bit of this situation relies to any extent on rational discussions???

DictatorDavid

460 NSW today. Gonna pass Vics peak soon. Here come the heavy handed policies to chase their tail trying to get on top of it…

DictatorDavid

$5000 fines for breaching stay at home orders

bjw678

You must carry id to leave your house, according to police commisioner, not sure if that’s law or just an empty threat.

bjw678

https://www.macrobusiness.com.au/2021/08/is-berejiklian-only-locking-down-labor-electorates/

This is also an interesting perspective…
Central coast got locked down before we had any cases, armidale? got locked down for another week with no local cases today.
It may have merit, labor seats can’t vote her out for lockdowns…

There were also claims of vax being taken only from labor seats, cc had ours taken despite having cases.

Last edited 2 months ago by bjw678
stagmal

dubbo aint labor

bjw678

ok, fair enough, who would think mb is poorly researched….

DictatorDavid

Dubbo isn’t Sydney? and it says in the article “ There’s hardly an LNP electorate locked down.” Not that there isn’t any locked down at all

canuckdownunder

Their plan to completely divide the sheeple has worked perfectly. The upper middle class Karens are out in force harassing people for being un-Australian for not following the draconian health measures. They are also blaming the protesters despite the gold standard gestapo not being able to link one single case to the protests.

Meanwhile we all know what community is really responsible for the surge in case numbers but nobody will mention it for fears of racism. Must maintain the woke facade at all costs.

Perhaps some of these Karens could publish some “what would Mohammed do?” pamphlets to distribute in SW Syndey to get the message out. Complete with illustrations to overcome the language barrier.

stagmal

meh, trying to drag the salafists into this is poor form imo, i dont blame anyone for ~getting sick~ and wanting to live their lives, neither of these things are or should be a fuckin crime, attacking people whoever they are for that is not what any sane civilised soicety should be about.

Last edited 2 months ago by stagmal
canuckdownunder

I don’t think it came across well my intention wasn’t to blame them at least they aren’t putting up with this crap.

I just want to point out the hypocrisy of the Karens who love the rules and want to them to go harder. They rage against anyone breaking the rules, blame the Eastern Suburbs and the protests, and completely ignore where are the cases are occuring.

The90kwbeast

My underlying theory is it is the international students on visas that receive no government funding still working, and they have to work, because they receive no government funding I’d they don’t work. This also aligns to so many cases being in young people now.

Many of the jobs these people work in are also deemed essential such as cleaning, food delivery, working in service stations…

Therefore I predict the 5km radius won’t do shit because the real problem is students on dodgy visas that must work to survive.

Last edited 2 months ago by The90kwbeast
Peachy

i think what you’re saying is about correct & I’m also pondering how to square it with what Canuck is saying….

What I’m struggling with is comparing the
a) moral worth
b) practical worth

of these alternatives:
1) doing a “good” or “right” thing for a reason that is “bad” or “wrong” (e.g. action: Jimmies in the west ignoring despotic govt decree…. Reason: Because they don’t give a shit about the society they are in and the local authorities)
2) doing bad/wrong thing for a reason that is “good” (e.g. action: Karens raging etc…. Reason: because they respect authority and social order)

Gouda

Pretty sure this happened in Melbourne. Can remember driving home after work and seeing what looked like gangs outside popular takeaway shops.

But I think cleaning was stopped – only exit/bond cleans for RE purposes allowed as is the EZFKA way.

stagmal

anyone following afghanistan? the taliban have been kicking ass and taking names, even the soviet union was more successful at pacifying afghanistan than the americans have been, and they were only there for 10 years, compared to the americans and their allies who have been there for longer than a lot of 20 year olds have been alive. the door barely has slammed behind them and the taliban are already approaching kabul; what a mortifying humiliation for the forces of globohomo.

LSWCHP

That crew all want to be stone age cavemen. The guys nominally supporting the gummint would really rather be with the Taliban, having a fat old time beheading infidels and raping 12 year old girls. And boys. That’s why there’s no heart in the resistance…everybody wants to be the Taliban because they’re having all the fun, for Muslim definitions of “fun”.

Peachy

The guys nominally supporting the gummint would really rather be with the Taliban, having a fat old time beheading infidels and raping 12 year old girls. And boys. That’s why there’s no heart in the resistance…everybody wants to be the Taliban because they’re having all the fun, for Muslim definitions

yes, I can easily believe that this kind of dynamic is at play.

The EZFKA is full of analogous examples.

The Greens who are nominally green but just want to grab power & will gladly trade away all Green ideas and policies to achieve it.

The renters who nominally detest the landlords… but are just waiting to buy into the landlord class and have their own tenants to look down on.

the nocoiners wanting Bitcoin to crash … so they can buy some cheap.

… lots more examples.

I wonder if there is a fancy scientific word from philosophy or sociology or something else to describe this pattern of behaviour. Anybody know?

Last edited 2 months ago by Peachy
Stewie

Culture matters.

bjw678

hypocrisy and greed?

playing the cards you are dealt?

being human?

personally I prefer the middle option, which lines up with culture matters, I guess.

Gouda

Was initially thinking “schadenfreude”, although this isn’t quite right with some of those examples. As most deal with an internal inconsistency that one has to either resolve or ignore to face the realities of life, “cognitive dissonance” may be more broadly applicable.

Sacha

What do you mean humiliation?

20 Years of income for these guys:

-Lockheed Martin
-Boeing
-Northrop Grumman
-Raytheon
-General Dynamics

Great success more like it.

Agent 47

Think of the pharmaceutical cartels and the opium fields!

Sacha

Probably posted here before, but very fitting for the times we live in:

“Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience. They may be more likely to go to Heaven yet at the same time likelier to make a Hell of earth. This very kindness stings with intolerable insult. To be “cured” against one’s will and cured of states which we may not regard as disease is to be put on a level of those who have not yet reached the age of reason or those who never will; to be classed with infants, imbeciles, and domestic animals.”

— C. S Lewis

Agent 47

I think the time for talk is now over. Civil disobedience is now the order of the day.

This goes one of two ways – descent in Digital Bolshevik Russia 2.0 or with most of Canberra and the AFR Top 20 rich list on lampposts.

Hope for the latter, prepare for the former.

bjw678

It won’t be the latter, that has become abundantly clear.

Agent 47

While I generally agree, I don’t believe in the globalist meme of inevitability nor consume qtard copium. There will be violence of some description as historically shown, it just becomes a case of who initiates it first.

what happens after that is anyone’s guess. mass hunger from supply chain disruption likely.

ThePensum

any protests will happen in places like the US and France… Australian protests will be limited to what we saw a few weeks back.

don’t forget – something like 70-80% of the population support lockdowns in Australia.

Agent 47

I don’t believe polls or vaccine uptake numbers. So much chicanery going on.

All I’m saying is, while Australians are notoriously stupid EZFKA self interested debt slaves, there is now more anger than this time last year and I’m starting to seriously doubt the ruling class ability to keep it together.

The internet is the great wild card here but I’m unsure it will stay up muvh longer in its current form.

As for the Police and military, there aren’t enough of them. They also have families that they will need to protect when shit gets really wild. Sure some will be loyal to the pay cheque, the smarter ones will make the correct decision.

All just my 2 cents. I intend to fight as much as I can because the future isn’t worth living in otherwise.

Sacha

There is anger brewing all over the world.

Not only because of handling of Covid but also rising inflation which hits poorer countries hardest.
Remember the Arab Spring?

Coming soon to a country near you…

I was thinking about Cyber Polygon but if they take down the intewebz how are they going to convince people to agree to a cashless society?

I think our rulers are pushing too hard now and as you say they won’t be able to keep it together.

Peachy

So we have

(Ag47)

I’m starting to seriously doubt the ruling class ability to keep it together.

And

(Sacha)

Remember the Arab Spring?

Coming soon to a country near you…

I think our rulers are pushing too hard now and as you say they won’t be able to keep it together.

It’s quite humorous that here we larf at the mb housing-bears. But then we have broader-society-bears! Seems like a strange kind of dissonance.

that’s on one hand.

on the other hand, it kind of makes sense, dunnit? Could well be that housing is the last thing standing while the government remains in charge; and they will remain in charge while they distribute largesse and bribes to pacify enough EZFKA units.

…But nobody can guarantee that the government will remain in charge, in circumstances where EZFKA units have non-bribable grievances…

Sacha

I’ve never laughed at any bears in any investment class, and am always rather keen to hear what they have to say.

But I ALWAYS laugh at people that have convinced themselves we have reached a ‘new paradigm’, in housing or any other investment.

ThePensum

I dunno, maybe polls are always biased. But I base this sentiment on the general compliance-nature of Australians. Australia is pretty well considered to be a nanny state by many other places in the world. The polls seem pretty consistent with the ‘anecdotes’ that I hear from time to time.

While you are debt slave, I don’t see how you can revolt on a large scale.

You would think there is a line that at some point people will start to say enough is enough. But as long as free money is being printed that lets you think you are doing well, I’d say things are a fair way off.

I guess what I’m saying is that things will have to be pushed a lot more and a lot harder , and people will have to start thinking they are a lot poorer, for any anger to boil up reminiscent of the arab spring in places like Australia.

bjw678

As for the Police and military, there aren’t enough of them. 

There is well and truly enough military. Especially to control a relatively unarmed population. The question is how many of them would do it.

You would think there is a line that at some point people will start to say enough is enough. But as long as free money is being printed that lets you think you are doing well, I’d say things are a fair way off.

While people are well fed and have a world of entertainment to amuse themselves they will be compliant.
The people that start the revolution are the ones with nothing to lose.

Hoody

NSW state wide lockdown from 5pm is what our local MP has posted on FB

Peachy

Which MP is this?

Ramjet

Apparently Deputy Premier wrote it on Twitter. I don’t use Twitter, so can’t verify.

Sacha

You can read Twitter feeds without having account, I do it all the time.

On DuckDuckGo type ‘name/organisation of interest’ + twitter

https://twitter.com/JohnBarilaroMP

Last edited 2 months ago by Sacha
stagmal

not complying dgaf

RESIST, go outside, exercise, hang with friends, peel qr code stickers off things when you see them

we can beat them if fight back

Last edited 2 months ago by stagmal
Peachy

peel qr code stickers off things when you see them

brainwave: rather than peeling – stick new QR codes over the existing ones to hijack the web traffic.

not sure where it would be fun to link to… who’s got good ideas?

stagmal
Agent 47

This idea is mint.

bjw678

Something illegal, all the sheeple OK with the police state can then get arrested for viewing.

Agent 47

I do exactly that with the qr code stuff

This is entirely a psy op.

Peachy

Ay me! It’s all true! Everyone’s doin’ time!

C04814D9-14F2-4D55-9F93-F10B5E2782F1.jpeg
bjw678

Police commissioner is cracking the shits because everyone’s been ignoring it.
The real question is how long until armed military are on the streets enforcing it.

DictatorDavid

They already said on the news military will be helping to catch people not obeying the rules lol

bjw678

The military have been helping for weeks.

When they start walking around with weapons is when it gets serious.

Agent 47

End of the month for mine.

Defence Act was also amended last year to allow foreign troops to be active on Australian soil. I know its partially to facilitate training and exercises but it’s pretty obvious where that can go.

DjenkA

just got an email from MY.gov.au that construction workers can do their work ONLY if they have an experimental jab and proof that they are awaiting the second one combined with a test every 3 weeks.

Sacha

Not sure if true but WA man ended up in asylum for questioning the Covid narrative.

Dobbed in by his own wife.

https://www.youtube.com/watch?v=V-EnA2LSKsc

Agent 47

Convinced there is more to that story but it’s WA so that wouldn’t surprise me either.

Fuck that state. If the iron ore price ever dips below $100 again (LOL DLS) they’ll come crawling back.

Love it how they’re saying they’re paying for the country right now but the country paid for them more than 100 years.

Sacha

See if any more news gets out about this.
But yeah, nothing surprises me anymore.

I worked a lot in WA, Perth is nice, very spacious.

Winning@Failing

Imagine having 18 months (lol) to figure out that a massive covid outbreak would fuck NSW and send you all into endless lockdown courtesy of the failures of the gold standards and not moving to another state before it happens. You knew it was gnna hapoen and you didn’t do shit. Cunts aren’t smart or savvy lol.

Suck fat bags of dicks you dumb NSW cunts. Yeah, QLD ain’t perfect but “go hard, go early” has gifted me a fuckin sweet as day out fishing and enjoying the good weather why you dumb whinging cunts suffer in your slums. Suck it.

Peachy

That’s the spirit!

did you catch anything?

DictatorDavid

Awwwww look at W@F. Ranting like that he’s becoming one of us 😀

Stewie

Touching really – all that freedom and he still thinks of dropping past to say “Hi”

bjw678

Get back to me in 18 months when queensland finally catches up with the rest of the world and is locked down while the rest of the world has moved on.

How much has queensland increased hospital capacity with all this warning?

Last edited 2 months ago by bjw678
Peachy

Old mate is smarter than that.

in 18 months as Qld is turning to snot, he’ll just fuck off out of there over to Sydney or wherever looks like it is already on the other side.

good on him, as well.

bjw678

Suck fat bags of dicks you dumb NSW cunts

He just screams chess master…

Peachy

Don’t have to be a chess master to fuck off out of a place that is turning to shit. just adaptable. And a kind of ruthless (or perhaps unsentimental).

Next level is not to just move states but to blow the whole EZFKA joint.

Compare to the wisdom of the permanently pounding the treadmill just to realise the “dream” of living close to where your parents lived during the first few decades of your life….. hmmm?

Agent 47

there’s nowhere left to run to.

It’s stand and fight time now or we lose it all.

bjw678

IF NSW goes pear shaped, as is looking really likely, the border will have to be closed tighter than a fishes arsehole to keep it out of the great state qld.

He won’t be able to go anywhere even if he wants to.

As of next week permits and ID needed to travel in NSW, police and military doing checks. Qld will follow suit.

Last edited 2 months ago by bjw678
bjw678

Some amusement though,
https://www.youtube.com/watch?v=wzsfdJHr9wY
Papers please: The game where communism kills your family.

https://www.youtube.com/watch?v=VTQU9TwKtqs
Or a second go where he doesn’t die

Winning@Failing

Fuck chess, I’m still getting fucked by the level 3 ai on Microsoft chess.

Winning@Failing

Our vaccine roll out will work as long as we keep you border jumping southerners out. Of course there’ll be carnage but with reasonable levels of vaccination we won’t be as fucked as you cunts. Hearing Gladys bang on about vaccinating your way out of this is retarded, she missed that boat, y’all are fucked now. We still have a window to lessen the carnage.

For reals, comapre our delta response to Gladys – she could’ve nipped that outbreak in the bud with a go hard go early and then got everyone (willing) vaccinated and then away you go, but nah, gold standards lololololololol

bjw678

You sound exactly like gladys about dan…
down to the southerners bit.

robert2013

Are you….Rodney?

DjenkA

El Método (2005) [ESP]
Spanish have a taste for wicked or unreal movie. Last week we saw Abre Los Ojos as one of those. This one, “The Method” is another. It depicts a very plausible possibility that all the job interviews of the future will use The Grönholm Method (hence the movie name) for employee selection.
A movie with frequent twists and turns that are almost impossible to guess and even if guessed are quote approximate.
For those that enjoy mystic psycho thriller movies.

Exam (2009) [GBR]
Similar to the previous spanish movie, this movie is not a remake and at best it could be said it is inspired by the same idea but it is different enough to warrant additional enjoyment. A modern version of the last man standing wrapped with psycho-thriller and mistery.

A third entry today will be a tv show. Mini series or something with limited number of episodes (either due to cancellation or simply it was enough).

I Know This Much Is True (2020) [US(SR)]

I’m not a drama guy being a toxic male and all that sheat, this drama had me binge watch it. Recommended by a friend from the another world, it came as as a quite enjoyable surprise for myself. Perhaps it is the sorry arse face of Mark Ruffalo as a casting gone ideal way, I don’t know.
It is a story of twin brothers, one suffering from paranoid schizophrenia and what toll that has on people whom whom care (a brother).
I watched it through overseas IPtv subscription gone around the globe, apparently it is available on foxtel

Gouda

Saw Exam a few years ago – brilliant stuff.

robert2013

Thanks for sharing. I rely on personal recommendations now. I can’t trust woke reviews or media distributors.

Agent 47

Timbo’s bot piece may have been prophetic

IMG_20210814_182436_460.jpg
Coming

Fuck me the hyperventilation about Covid cases in nsw is getting beyond ridiculous

I just reckon no one in the real world gives a shit anymore

29 ventilated, 69 in icu

less than an average flu season

today was an absolutely cracking day and I spent it in the sun at the local park with my kids
heaps of other kids there too and they all played together

this bullshit must surely be on its last legs

stagmal

not here. this is the first time ‘scary’ covid and restrictions have meaningfully come to dubbo, so nobody is out except me. ran in to some moron down the street yesterday as i was walking around who started talking to me about the restrictions and you could see he was visibly frightened by the prospect of getting covid, saying shit like “i wont be going outside after today for a while” ???????????????????????????????

couldnt control my eye roll

the ignorance of these bogans is astounding

bjw678

you could see he was visibly frightened by the prospect of getting covid,

Are you really surprised? The message for the last 8 weeks has been get a vax or you’ll die, with examples provided on a daily basis of the people actually dead.

Stewie

If there is one good thing that is coming out of this 24/7 psy-ops campaign carried by the media, it is that it is starting to wake people up to the role the media in generating this mass hysteria. The less telly news people watch the lower their concern level over this pandemic.

bjw678

They will make you submit. Fines will be increased until compliance is achieved.

Unless of course you live in one of the select suburbs of course, then you can probably do whatever you want.
But if that gets out too widely it will make the cronulla riots look like a picnic.

Coming

Just not really sure how we plausibly exit from this anymore

still 100 deaths a day in UK in the middle of summer, in a heavily vaccinated population with already most of the vulnerable killed off prior

if we get to 80% vacc and let it rip , Australian is going to have 50+ deaths a day for months on end

how is the populace going to mentally cope with that after the hyperventilation for just 3 or 4 at the moment

I don’t see how the media can spin it either

Anon

Eh, they’ll just say we did all we could. People don’t care about this anymore.

stagmal

cope

aussies still be actin like its april 2020

Last edited 2 months ago by stagmal
Anon

You live in a country town so how would you know how people are acting

Peachy

if we get to 80% vacc and let it rip , Australian is going to have 50+ deaths a day for months on end 

how is the populace going to mentally cope with that after the hyperventilation for just 3 or 4 at the moment 

I don’t see how the media can spin it either

I reckon the “how will the populace cope” and “how will the media spin” doesn’t matter.

if they want to, they’ll just do it. And it will be done. And people will go on.

bjw678

And it will be done. And people will go on.

And vote out the current pollies for doing it.

That is the problem with if they want to. They bet their careers on being able to prevent it.

Peachy

And vote out the current pollies for doing it.

maybe, or maybe not.

the polls may have changed by then. Or have been made to change.

or the action will be nobody’s fault – a “creeping assumption”

at worst, the Lib-lab seesaw will swing the other way for a while, without much changing anything of consequence. There would be lots of Libs insiders who would be happy to see Scott and Gladys go down; lots of Labs insiders who would want to see Dan go down. …both, so that they can advance their own interests by taking the spots of the leaders or of one of the lieutenants…

there are a thousand ways it can be made to happen.

bjw678

True, but it is a lot easier to set the direction while you are in charge, and you would be insane to conduct a coup now, much better to let the current crop shoot themselves in the foot.

Demanding people carry papers to travel is not the start of letting it go with” a creeping assumption” though.

Peachy

True, but it is a lot easier to set the direction while you are in charge, and you would be insane to conduct a coup now, much better to let the current crop shoot themselves in the foot.

all true

Demanding people carry papers to travel is not the start of letting it go with” a creeping assumption” though.

absolutely not. but It’s not yet time. But if there’s a time in the future, today’s “papers” thing won’t really get in the way.

Ramjet

What do you think the populace is least likely to mentally cope with:

  1. 50+ deaths a day?
  2. Seeing non Australians partying in Kuta in Bintang singles?

Once Bali opens up, there will be a big push for us to open up.

Peachy

The hi-viz crew, who have always been completely-immune, are liable to riot if Kuta is kut off

Agent 47

Marko wants to jab all of them. So I’m sure the FIFO fuckwits will be rolling their sleeves up.

Sacha

I had a look at RT:

https://www.youtube.com/user/RussiaToday/videos

Just in the last week they reported on anti-government protests in:

-France
-Chile
-Germany
-Russia
-Colombia
-USA
-Thailand
-UK
-Japan
-Argentina
-Australia
-Greece
-Libanon
-Belarus
-Brazil

This is the tip of the iceberg and is under-reported or ignored by MSM.

Things are definitely heating up I would say.

stagmal

if theres another protest again we should all put our money where our mouth is and rock up, ezfka contingent setting fire to the streets of sydney or melbourne

Sacha

Burn-it-down!

Winning@Failing

Except they won’t show up. I reckon you and Mig would be the only two people that would join an anti gov protest. The rest of these cunts are too soft and all talk.

robert2013

Perfect marketing opportunity. We need to get the brand out there.

Gouda

I don’t know what it is, but there’s something great about Covid/lockdown inspired music.

https://www.youtube.com/watch?v=L5lelbTh3Zk

Peachy

I liked that, thanks.

Is it your mate?

Gouda

Nope, just a random YT recommendation.

Gouda
Peachy

but Pfizer will kill/maim you just as likely as the AZ, right, just in a different way and more surreptitiously?

So, Maybe that’s the way out – fake vaccines. Just saline. Won’t do much ‘Gainst the Corona (like thr real jabs) but also won’t hurt you (being inert).

what do youse blokes say?

stagmal

this is a brilliant idea, give everyone a placebo or sugar pills, tell them its the vax. the way out of this is purely psychological.

Agent 47

Pfizers contract got leaked online. This is just a snippet of it, but basically it’s cartel behaviour. Israel allegedly has a 10 year NDA with the government on side effects.

This would explain the overwhelming negative coverage of AZ and non existent coverage of Pfizer. It’s a marketing scam, no less.

1628930153538.jpg
stagmal

im boreeddd

bjw678

get back to me in 6 weeks

Agent 47

McGowan admitting lockdowns forever despite jab targets.

We all knew this but the normies must really be starting to think, the ones that aren’t fuck them.

https://www.twitter.com/CaldronPool/status/1426714609109504002

robert2013

Excellent. Lockdowns forever = low immigration for longer. Mass immigration and international tourism was always a recipe for pandemics. IMO we should not be admitting anyone from countries where antibiotics are sold without prescription.

Peachy

IMO we should not be admitting anyone from countries where antibiotics are sold without prescription.

because why?

bjw678

because over use leads to drug resistant infections,

would be the argument. Our requirement for prescriptions implies our health system agrees.

Peachy

Yeh… that drug-resistant TB is not something we’d want to have a lot of.

robert2013

Exactly.

LSWCHP

Just saw a long article on the ABC that explains how to talk to people who don’t want to be vaccinated, and the techniques to be used to get them to take it.

Outrageous social manipulation on the government funded news channel. Fucking unbelievable. I mean, I know they do that all the time anyway, but normally the lies are still hidden under some sort of guise of news reporting. This was just “how to influence people to follow the government policy”.

DjenkA

Temp measure, soon it will be only certified Guinea Pigs that will be able to leave home. Construction workers cannot work as of Monday unless injected at least 2x.

Peachy

Interesrinkk!

…”never give an order that will not be obeyed” comes to mind… that tends to be very dangerous territory.

But on this occasion I think that they have calculated correctly and there will not be a tradiepocalypse.

bjw678

it’s only as good as the enforcement, just like the lockdown.

Peachy

In this vein, I have also noticed that messaging has gotten more blatant and brazen in recent times.

I haven’t formed a strong view as to whether

  • it is because they are getting desperate; or, quite the opposite,
  • theyfeel so much in control as not to feel bound to display respect to the population anymore (throwing off the proverbial sheep’s clothing)
bjw678

I haven’t formed a strong view as to whether

  • it is because they are getting desperate; or, quite the opposite,
  • theyfeel so much in control as not to feel bound to display respect to the population anymore (throwing off the proverbial sheep’s clothing)

A little bit of A, a little bit of B.
There hasn’t been much pushback yet AND they are getting seriously desperate in NSW.

Coming

why wouldn’t you link it

Winning@Failing

Shut up you stupid wrinkled old fuck.

Coming

anyone got any special feelings about what really matters – sydney house price houses?

Seems like interest rates are up a bit after the RBA decided that TFF was a little bit OTT
Does anyone see them going up further?

Incomes at the low middle end must be right down

Peachy

Thanks Coming, I know I can count on you to cut through to the things that matter.

UBank is still under 2% for 3yr fixed. Where have you seen the rises?

Also, there’s been talk of RBNZ raising next week. So the RBA again has the luxury of somebody potentially running the experiment for them while they sit back and watch.

I have doubts that RBNZ will raise, myself.

DjenkA

YoY 20% and still in daily 0.05%-0.1% increase nirvana. 0.02% daily is roughly 7%pa which is still a lot so prices trending 10x faster than ‘frothy’.

My shaky view is that expectations for a swift end to virility are making a lot of punters unwarantedly optimistic. In a land of smart investors…

Coming

Isn’t it the opposite ?
if the virus continues to be a problem there will be lower rates, QE, TFF , kitchen sink

the problem will come if it isn’t a problem anymore

DictatorDavid

If the deficit is running somewhere around $700-800b. How far do you think they’ll go before they aren’t prepared to dig any further?

Peachy

im thinking about it from a different direction – if in another 18months thing are largely unchanged (periodic lockdowns) or the jabs are proven to not do all that much – there will come a time when fatigue sets in and the disease will be allowed to spread anyway.

that $800b will then have bough precisely nothing. All because Scotty panicked and did the only thing he knows how to do – inflated debt balances.

DictatorDavid

I don’t think they’ll be able to sit on their hands much longer. If Sydney lockdown goes for a while then people will feel the pinch. More mortgage holidays on the cards for sure.

Peachy

They’ll need mortgage holidays for sure.

And also the state govt will also step in and help ensure rents are paid to commercial landlords (can’t have them wearing losses)

DjenkA

Isn’t it the opposite ?

Flagellate me silly Fanny Hill style if I know.
My anecdata says that every single savvy investor is beyond convinced that kitchen sink is ready to be thrown in – to support RE at the other end and right through the covid. Sort of “brace yourself” for F1 style acceleration right after this little hiccup.

What you say is also plausible. Doesn’t that make it a win-win for savvy investor? No mater what, equity increase.

Freddy

I am seeing many 40yo apartments in my inner west Sydney area sell for more than 30% above the cost of new build and they are selling like hotcakes due to lack of supply. IMO the supply is being suppressed by way of extend and pretend, and recent price rises have given banks more equity buffers to play with.

Australia’s mortgage rates are still higher than the rest of the world so they could very well push prices up even further.

Coming

Extend and pretend – why would the owners or the bank hold on to an apartment they can’t afford, if there is a hot market to sell into at a large profit

doesn’t really make sense to me

the bank at the very least would be sensible enough to force sale if prices are up 30% anyway

Freddy

Equity mate. As long as there is equity then neither party would be worried. The owner can use the equity as an ATM, and the banks can maximise their profits.

Remember that the banks had a gun put to their heads to reduce the number of IO loans. They could not GAF if owner cannot repay the principle or even get further into debt.

Banks have also learnt a new trick during Covid. If they collectively don’t kick owners out of their homes it massively reduces supply and pushes up prices.

Last edited 2 months ago by Freddy
Coming

nah it doesn’t really make sense imo

fair enough if they were in negative equity , then the banks would extend and pretend

but it’s a bizarre conspiracy to suggest that banks would not close out a loan (at a profit) when the mortgagee can no longer pay interest

why would banks cost themselves income and shareholders dividend?

makes sense if they had to take a capital loss, but that’s not an issue if prices are up 30% plus

they’d just close out the worst ones who probably won’t recover income post pandemic (tourism, hospitality operators and stuff)
they could write extra loans to the people profiting from govt stimulus etc instead

taper price rises by a little bit because of the extra stock on market to maybe just 10% instead of 30%

and there would be less heat on rba and govt to curtail house price rises (MPLOL etc)

makes a lot more sense to do it that way

Freddy

If I am understanding what you are suggesting then I think you have it arse-about. Whilst the equity is greater than any money owing (including interest) the loan will remain profitable. Not being able to keep up with interest repayments would work like a reverse mortgage. The banks can continue to extend and pretend until the equity is drained.

Coming

No you have it arse backwards

Capital gains accrue to the mortgage/propertt owner

bank derives profit from interest payments

if you aren’t making interest payments , the bank isn’t making profits

Peachy

makes sense if they had to take a capital loss, but that’s not an issue if prices are up 30% plus 

they’d just close out the worst ones who probably won’t recover income post pandemic (tourism, hospitality operators and stuff)

they could write extra loans to the people profiting from govt stimulus etc instead

I agree with the logic generally (ie selling up poor credit risks & replacing them with new stronger borrowers plus a larger loan == WIN!) but not sure if it’s practicable In the way that you describe.

specifically, you’d need to be able to take a position on who will benefit from the pandemic (on a 10-yr time horizon, say). I don’t think banks can do that –

  1. they ain’t got the smarts to correctly pick the winners
  2. even if they did have those smarts, the mortgage business isn’t really set up in a way that would let them go harder in very narrowly defined directions. It’s one thing to say “doctors can have 100% loans with no LMI” and quite another to say “seek out [infrastructure specialists who will be on the receiving end of fiscal policy] and lend to THEM.
Coming

Well they are only losing money with loans that aren’t paying interest

better to have a smaller loan book than non performing loans

Peachy