Massively Overvalued Tech Stocks
You know, the only thing keeping the US economy going is its big bet on AI. The massively overvalued tech stocks, the 7 tech company stocks at the top of the Nasdaq, are the only thing flying the flag right now. Doubts, however, are more than creeping in, they are marching in, in the minds of many experts. The crazy Trump tariffs are viewed by every sane economist as unsustainable and downright dangerous. Now, circular financing tricks exhibited by Nvidia and OpenAI are giving rise to bad memories from the late 1990s. Bursting bubbles are on the tip of every tongue in the investor milieu. Warren Buffet has cashed up to the tune of $300 billion in prep for some really bad times.Continue Reading
Australians Are Disgusted By Trump’s America
I recently visited my relatives on the west coast after many years’ absence. We are all getting on in years and I would not describe my family as political in any real sense of that word. I was shocked at the level of vitriol expressed in regard to what is happening in the United States. My take on this is that ordinary Australians are disgusted by Trump’s America. The dysfunctional nature of Washington DC and wanton cruelty happening in the US, under Donald Trump, has Aussies upset. It is hard to get your head around the extremism of the actions taken by the Trump regime.Continue Reading
The American Desire To Apportion Blame
You know every time that I turn on a screen I am confronted with the American desire to apportion blame. YouTube is full of vids raging against the machine. Ever since the late Robert Hughes identified America, as infected with the culture of complaint, this groundwave has continued to swell. Making something that you don’t like into a conspiracy has become a full time business. And yes, there are plenty of examples where this instinctive reaction is justified by the evidence compiled. It can, however, become a habitual response to everything in life that you don’t like.Continue Reading
Freedom Of Information Really Matters
In Australia, as in most places, we do not have direct democracy, rather we have elected representatives within political parties doing the job of governing, supposedly, on our behalf. Freedom of Information (FOI) is an important conduit into that rarified air where the power is brokered. The Albanese government seeks to make that access harder and more expensive for us to really find out what is going on at the big table. Freedom of Information really matters. It behoves disbelief that the first thing this Labor federal government does, after achieving its largest majority in the parliament, is to reduce transparency on the pretext of lessening the workload for public servants.Continue Reading
The Hypocrisy Of Trump
Hang on, didn’t the Right campaign on the evils of cancel culture??? Donald Trump and MAGA banged on about those on the Left limiting free speech. Now, in power the Trump regime is using its authority to effectively stifle Liberal comediennes like Jimmy Kimmel and getting the Late Show cancelled. Trump’s nutjob cabinet are threatening all and sundry with arrest for saying stuff they do not agree with. The hypocrisy of Trump is heinous. They are using this bogus antisemitism false flag to attack academics and students in US universities. Threatening them with ICE agents and taking away their right to live and work in the United States.Continue Reading
Christian Cults & The Liberal Party Of Australia
More information is coming to hand about the influence of the Plymouth Brethren upon the Liberals downunder. Christian cults and the Liberal Party of Australia. Hardline conservatives willing to spend big to impose their antique vision on Australia have been at it via the Libs. The Abbott, Turnbull and Morrison Coalition federal governments were infused with several strands of hardline Christianity wishing to have their way with the Australian people. Religion in politics is not popular downunder and, therefore, these things were largely hidden from easy viewing. The Plymouth Brethren have no female presence within their leadership and frown upon such anti-biblical positions when it comes to the role of women in society.Continue Reading
The Political Party Peddling Anti-Immigration Poison
The political party peddling anti-immigration poison is the same party that promotes deregulation wherever possible. The LNP Coalition, who governed Australia federally for a decade, prior to the Albanese government, let in the same number of immigrants as Labor when you adjust for the Covid bumps to the figures. This right wing beat up over immigration is another misdirected blame game strategy. The actual reasons why so many working Australians are struggling economically and why we have a housing crisis are not because of high immigration. It is a confluence of economic policies, initiated originally by LNP governments.Continue Reading
Economics Is Anti-Community
Have you noticed that we have all become economists over the last 30 odd years? That economic-speak has become the lingua-franca of our modern world? We talk about the supply and demand of things, the dollar value of everything, and make all our decisions based upon economic principles to a large degree. This has not always been so. Prior to the American conversion to all things economic, which began with the Rand Corporation in the 1960s, governments and ordinary people did not bang on about economics. Economics is founded upon certain assumptions about individual behaviours driven by self-interest. Indeed, economics is anti-community.Continue Reading
Armed Extremism In The Aussie Bush
Dezi Freeman, it seems, changed his name to signify his ‘freedom’, as a ‘free-man’. Sovereign Citizens claim that they do not abide by the laws of the land in Australia. They fly the red maritime flag to show their difference and in an attempt to justify their beliefs by obscure laws of the sea. Armed extremism in the Aussie bush has reared its ugly and violent head again. Wieambilla and, now, Porepunkah will go down in the annals of cop killing events in Oz. These deranged individuals are not heroes, and their cold-blooded murderous actions are not admirable in any way.Continue Reading
Does Australia Want To Be A Vassal State?
Does Australia want to be a vassal state of the United States of America? The AUKUS submarine deal puts us in that invidious position. The Trump regime is rapidly taking the US down paths that modern Australia does not agree with. Donald Trump is a racist and white supremacist. Trump is a convicted felon and has spent decades doing dodgy deals with nefarious groups and individuals. The administration of Donald Trump is behaving in ways that are anathema to what we in Australia expect of our governments and leaders. The depicting of China as the bogeyman of the geopolitical world is an American invention. The US is frightened of a level playing field, economically and militarily. We, in Australia, need to ask ourselves who and what is the real evil in today’s world.Continue Reading