MB notices EZFKA


DLS writes today: “One of Australia’s biggest economic paradoxes is that while we have a record number of university graduates, productivity growth stinks and there are never-ending “skills shortages” https://www.macrobusiness.com.au/2023/09/labor-wants-a-nation-of-toilet-paper-degrees/ I said it first. Here. I think. Apolgies for the recycled image. It was in the library begging to be seen again.

Calling all MB refugees

There’s a place, where nobody dared to go….. Please post all the names of people you’d like to see here from MB. That way, maybe when they search for themselves this page will come up: Also, I heard some serious chat this week about crypto likely becoming the alternative to SWIFT for the BRICS world. … Read more

AFR unleashes attack dogs

The AFR has decided to attack Qantas’ Alan Joyce, which is fun to watch: Here: Qantas’ enviable dominance now comes with a big cost Here: Qantas says Canberra cancellations minimise network disruptions and here: Qantas CEO Alan Joyce first testimony under oath in nearly a decade Joe Aston let loose this: “Joyce answers the questions … Read more

More uni, less productivity

See for yourself: I don’t have a statisica membership or the desire to collate the raw data…but if anyone here does, it’d be great to do a proper productivity growth vs population % gone to uni and get the r value.

Why the proles will not revolt

The proles are either the offspring of legacy EZFKA units or recent imports. Recent imports will be put down if they revolt, and most are factory seconds so they are glad to be here almost regardless of conditions. Legacy EZFKA units are usually one of only one or two offspring so the inheritence will see … Read more


I reckon we need merch. Such things can be made up on demand so we would not need to carry inventory. e.g. https://ogo.com.au/ It could be a potential profit centre, but I’d prefer to do it at cost price. Let’s get our message of hopelessness and despair out there! Maybe we can pool our resources … Read more

The final solution has already begun.

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The 2021 census said there were ~1.45 million people aged 15-19. Let’s assume that’s evenly distributed across that age range. Then we can say that ~1.5 million/5 =300k people are aged 18. The government is now importing people at the rate of 400k people per year. That’s more people each year than come of age each … Read more

Where to next for the banking crises?

So far: I am not well read about these events and so hesitate to draw these two events together. Maybe some of you can comment on that. This is related: https://www.economist.com/finance-and-economics/2023/03/20/credit-suisses-takeover-causes-turmoil-in-a-275bn-bond-market “When things go sour and trigger points are reached—such as a bank’s capital falling below certain levels relative to assets—the bonds convert to equity or are … Read more

Why crypto will not die

From Kaiko Research via Zerohedge: “On Monday, Hong Kong made its intentions clear to open the door to crypto trading for retail. Reports claim that China is quietly encouraging the move, using Hong Kong as a testing ground for what safe crypto trading might look like. The Hong Kong Securities and Futures Commission (SFC) outlined … Read more