american and chinese flags and usa dollars

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The recent nationwide Optus outage showed us that connectivity is crucial to our future security. Suddenly, everyone felt helpless and reacted with much anger and frustration toward the failing provider. This throws our dependence upon electrical and digitally connected devices into harsh relief. It is not a stretch of the imagination to plot likely scenarios during times of war in this new age of information. Cutting off the population from their institutions and from each other will be achieved via attacking communication infrastructure. This can be done far more easily than many people might think.Continue Reading

bird s eye view of a house with swimming pool

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It continues unabated despite the promises of a Labor government – money laundering in the Australian property sector. Legions of accountants, lawyers, and real estate agents gladly take overseas money from ill defined sources for property deals around Australia. The recent frenzy of high end real estate purchases from Chinese investors in Melbourne and Sydney highlights this. Australia, with its tax free status on the family home, has become a haven for those wishing to stash millions of dollars in this way. Lax laws around identifying the sources of the funds being funnelled into property investment makes this an attractive bolthole for dodgy money.Continue Reading

woman looking at a receipt and making a surprised face

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America and Australia share similar symptoms in their economies right now with high inflation sticking around. The central banks have been raising interest rates in a traditional monetary policy approach to combatting high inflation. However, it isn’t working that great. Supply side inflation not solved by raising interest rates. Both nations are suffering with housing shortages pushing up rents and this is contributing to the high inflation. Putting up interest rates is not going to help with this; indeed, it is making the situation worse. Making building houses more expensive via higher costs of doing business is not going to increase the supply of housing.Continue Reading

banknotes on white surface

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It may seem strange to talk about the secret life of money when a lot of people devote their lives to it. It’s not really when you consider the same thing has been happening around God for many millennia. Human beings have a propensity for this sort of thing, it seems. Money has a secret life because most of us do not understand what it is and how it actually works. Modern economies on the national scale are very large and complex things. Macro economics does not operate in the same manner as our own individual financial set up functions. This is why most people struggle to grasp how money and the economy as a whole really work.Continue Reading

black handled key on key hole

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Australia is in the midst of a severe housing crisis and there are no solutions currently on the table at government level. The rental stocks have fallen to an all time low for residential accommodation. Meanwhile, the nation remains in the grip of a cost of living/high inflationary period. This is what the federal government needs to do about housing.Continue Reading

Money in hand

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Money is a bit like religion. In that, money has been around so long, we’ve forgotten what it is. The origins of money WTF? Every new generation of us gets taught what money is and how it works. Similarly to established religious beliefs an orthodoxy teaches an approved curriculum. What if that syllabus contains mistruths and is factually wrong? Wouldn’t that result in millions of us getting the wrong idea about important stuff like money and how the financial system works? Well, the simple answer is yes.Continue Reading

President Trump Congratulates Record Breaking Astronaut (NHQ201704240002)

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America was made great via immigration. Millions of people joined this new world democratic experiment and became Americans. The country grew in leaps and bounds economically to become a superpower. The journey was not perfect and plenty of mistakes were made along the way. People died and were exploited in unfortunate incidents but the arc of progress was headed in the right direction. Migrants kept coming to find opportunity and often to escape hopelessness. Forces of good kept pushing for fairness and equal opportunity for all Americas no matter the colour of their skin or ethnic background. Pockets of racism and inequality remained but there was a general trend toward a better life for all. The American experiment: Democracy & surviving Trump.Continue Reading

Badge - Vote Yes for Aborigines, Australia, 1967

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If you vote No in the Voice referendum you are voting with the team that brought you Robodebt. Robodebt cost lives and Australian tax payers more than $1.8 billion in a settled class action by plaintiffs. If you vote No you are voting with the team once led by the biggest liar in the history of Australian prime ministers, Scott Morrison. If you vote no you are aligning yourself with the racist community here in Australia. If dog whistling is one of your favourite sports, then, Peter Dutton is your man. Dutton has promised another referendum on the same issue if he is elected PM??? Warren Mundine has promised his push for treaty if you only vote No???? It sounds like these folks will say anything to dissuade you from voting Yes in this referendum about changing the constitution to recognise a Voice to Parliament for First Nations Australians.Continue Reading

Arnold Rasnick, Virginia-Pocahontas Coal Company

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If the PwC consultancy crisis has revealed one important thing it is the role of accountants as professional enablers for rip off merchants in the corporate world. Now, we are informed via an ABC investigation of labour hire fraud in the oil and gas industry in Australia. The shifty paperwork was completed by a local accountant in Perth, WA – one Blake Read.Continue Reading