Showing posts with label Economic Reality. Show all posts
Showing posts with label Economic Reality. Show all posts

Tuesday, 30 November 2021

Fighting Fake Facts with REAL, 30/11/21 Economic Reality; Dutton declares War; Democracy;

 

 

 May be an image of 1 person and text that says '"The worst illiterate is the political illiterate. He hears nothing, sees nothing, takes no part in political life. He doesn't seem to know that the cost of iving the price of beans, of flour, of rent, of medicines all depend on political decisions He even prides himself on his political ignorance, sticks out his chest and says he hates politics. He doesn't know, the imbecile, that from his political non-participation comes the prostitute, the abandoned child, the robber and, worst of all, corrupt officials, the lackeys of exploitative multinational corporations." ~BERTOLT BRECHT'

 Morrison's I don't lie

 May be an image of text that says 'ELECTRICITY PRICE RISES 101% LABOR (Dec 07 to Sept 13 3% (Sept 13 o June 21) LIBERAL Source: Australian Bureau of Statistics, CPI'

THIS IS THE LATEST LIE THE GOVERNMENT ARE SPREADING .
This was found on Amanda Stokers page this should be reported as FALSE INFORMATION .
This is what the lying LNP will do to win an election .
The Australian voters have to stop these lies . We lost the last election because of their lies and we must stop it from happening again.
REPORT ALL LNP LIES
 
 
 
Alan Kohler: China fits the domestic political need for an enemy
 
 
"Needless to say, war with our biggest customer would not be ideal; Paul Keating’s words at his own recent Press Club appearance, that we must find our security IN Asia, not FROM Asia, would haunt us.
Earlier this month the Pentagon published a report entitled Military and Security Developments Involving the People’s Republic of China: A Report to Congress, which convincingly downplayed the prospect of China invading Taiwan.
It said, among other things: more
 
 
 
 

He said China’s military was no match for Australia’s eight new submarines which hadn’t been designed yet. “China should think very carefully before doing anything rash. Based on the conversations we’ve had about this new arsenal – it looks very, very powerful. On paper”.

He's sorry he won't be around to attend.

 Dutton declares war on China in 2040 

 May be a cartoon of 1 person and text that says 'SIT DOWN BOOFHEAD'

 May be an image of 1 person and text that says 'Kevin Rudd: "Memo to to Dutton: Is it a fact or not that the Australian Future Fund (which is 100%-owned by the federal government) is a direct investor in a Chinese state- owned arms manufacturer? A straight factual answer would be appreciated." The NalionaTiesFk Sational mes acebook'

  

The US is to hold a "summit for democracy". It seems to think democracy is like Coca Cola, with the same taste for all. Is there anything more absurd than this? There are all kinds of democracies, yet the US thinks it has the say on what is and isn't.

Australia is rushing to change it Democracy before the Summit to mirror America's. Getting rid of the ABC, changing it's Voter ID laws and a bit trickier ditching compulsory voting if it only could.  Turkey, Hungary and Russia are coming but the Scandanavian nations lucked out and haven't been invited.

 ACTU’s Sally McManus popularised the Macquarie Dictionary word of the year in May, but she later credited a colleague.
 Thanks to Scotty from Marketing Sally helped popularise Strollout as Macquarie's the word of the Year
 

The new word rollout has been a lot faster than the vaccine strollout, according to the committee that chose the Macquarie Dictionary’s word of 2021.

Macquarie’s word of the year: Time to strollout the winner


Monday, 25 October 2021

Fighting Fake News with REAL 25/10/21; Economic Reality, The Accounting Industry; Polls, The Shovel

 

 

What Frydenberg doesn’t mention. It’s why he’s been nominated and won the prize for Australia’s worst-ever Treasurer

The Independent Australia Ranking on Economic Management (IAREM) for 2021 reveals Ireland leading the world and Australia still languishing outside the top twenty, reports Alan Austin.

 Australian economy languishes while Ireland, Singapore, NZ soar

 

Featured

 Accountants are there to ensure compliance or avoid compliance to rules so complex compliance is nigh on impossible. Their clients spend money to avoid spending money on rules constructed by accountants and are willing to spend whatever it takes to increase their bottom line. JobKeeper was a perfect storm here in Australia. So much so foxes are needed to watch the foxes in the henhouse.

Last month a regulatory body from the US censured and fined KPMG Australia over professional standards. The findings raise a pressing question: how widespread is this poor culture within the accounting industry?   

On September 13, the Public Company Accounting Oversight Board (PCAOB) of the US made an order that (1) censures KPMG Australia; (2) fines KPMG Australia $450,000; and (3) requires KPMG Australia to undertake remedial actions.

The board’s website explains that its mission is to oversee audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports.  This body investigates and, if necessary, disciplines registered public accounting firms and their associated persons for violations of specified laws, rules, or professional standards.

So why do investors in public companies need protection from KPMG Australia?  What ghastly behaviour has attracted the ire of the Americans? 

Bad apples or bad orchard? KPMG Australia fails ethics test


 

Tuesday, 5 October 2021

Fighting Fake News with REAL;5/10/21; Material Economic Physical Reality; Andrew Forrest slams his mate Morrison; Panama Papers now Pandora Papers and still Morrison's LNP does nothing;

 

 

 Culture wars may help to distract attention away from the material world. Murdoch Media tells us it's not the "Real News" as does our government who says things have never been better. Frydenberg, Harvard MBA, our Treasurer, is touted as the best man on the job but in Truth.......

" Profits are currently increasing at four times the rate of wage rises."

 Workers now have the lowest share ever of the nation’s earnings. Under-employment is even worse now than it was late last year. Alan Austin looks behind the spin to report the true state of unemployment and economic management in Australia.

Beyond the Spin: workers’ share of wealth slumps to record low


Foretestcue Metals chairman Andrew Forrest.

Andrew Forrest steps up and calls Morrison and Taylor’s LNP “dithering gutless twats with no plan or science to guide where they are going.

Mr Forrest praised countries that are “firmly committed” to green hydrogen including Chile, France, New Zealand, Portugal and Spain, but said “most countries, including my own, are dithering – unsure whether to back green hydrogen or blindly commit to yet more fossil fuels, this time disguised as blue hydrogen”.

 Andrew Forrest slams blue hydrogen funding

 Prime Minister Scott Morrison has not yet announced if he will go to a major climate summit in Glasgow.

Scott Morrison has played down the need to travel to Europe for global talks on climate change but former prime minister Kevin Rudd says he must go.

 In fact the nation expects him to go and regain some level of respectability for all of us. Respectability Morrison has  in the past 8 years abandoned.

Prime Minister cool on Glasgow but Rudd says he must go

Climate pressure mounts on Australia as world’s coral dies off

He is holding the hose and has been all along 


The ATO has accused PWC of using inexperienced lawyers to invoke legal privilege to deny access to documents during tax audits.

We saw the Panama Papers now the Pandora Papers and the government has done nothing. The ATO even complained and the government did nothing. This too Morrison and Frydenberg will let slip and pass through to the wicketkeeper as a no ball. It’s their leadership for “some” Australians to be kept safe.

“[The] onus is on the financial institutions involved to be the first and last lines of defence, whereas lawyers, accountants or real estate agents (the ‘gatekeepers’) involved have little or no education or incentive to deter or prevent the proceeds of crime entering the Australian economy,” FinTech Australia said in its submission. “High-net worth does not mean low [money laundering] risk. This weakness in the current regime appears to be the elephant in the room.” Related Article The ATO has accused PWC of using inexperienced lawyers to invoke legal privilege to deny access to documents during tax audits. Courts ATO accuses PwC of improper use of lawyers to conceal tax affairs However, the Chartered Accountants Australia and Real Estate Institute of Australia (REIA) have warned tranche two could create “onerous red tape” that might not improve the overall system and could lead to “unintended consequences” such as higher costs for consumers.

 ‘Dodging up the books’:

 

scott morrison icac

Could we expect anything else from our do-nothing leader?

Prime Minister Scott Morrison has pointed to the resignation of Gladys Berejiklian as a reason not to introduce a NSW-style federal corruption commission.

 Morrison rejects NSW-style corruption body

Wednesday, 3 July 2019

Fighting Fake News with Real,3/7/19; Trum panicked; Bolt is so irrelevant; Liberals Panic and are looking for someone to blame; Lowest Rate in the world;









http://www.theshovel.com.au/2019/07/02/ivanka-trump-surprised-to-discover-meeting-is-with-north-korean-leader-not-kim-kardashian/

Ivanka Trump, the daughter of the US President, says she was taken aback when she realised her high profile meeting in North Korea wasn’t with socialite and entertainer Kim Kardashian.
“When dad said ‘can you sit in on a meeting with Kim for me?’ I jumped at the chance. And then some weird-looking Asian dude walks into the room,” she explained.
“I mean, sure, they told me the meeting was with the head of North Korea. But I just assumed North Korea must be some new fashion label that Kim had started. Turns out it’s a whole country”.
She said she it was a total waste of her time. “I was thinking that we could’ve got some great pics for our Instagrams, but instead I’m stuck with this weirdo guy for half an hour. He didn’t even speak American”.
The despotic leader – often described as childish and erratic – was unable to attend, and sent his daughter in his place. 


 ANDREW BOLT KEEPS NO NEWS ROLLING


ANDY NGO BASHING: MEDIA LEFT BLAMES VICTIM, LIKENS HIM TO NAZI 'MARTYR'


The  ANDY NGO  STORY is well past its use-by date in the USA and the UK in all of  Murdoch's English Speaking universe but yesterday's shrinking commentator Andrew Bolt in Melb won't let it go why? Because last week he likened himself to the victim Andy Ngo and was caught out with his tawdry attempt to tell us he was an Antifa victim too rather than an aggressor in his effort to commit GBH on two pranksters who had merely "glittered" him.
 Yes someone did attack Ngo, and he also was "milked". However "the attacker" was never identified and there were more than just one left and right-wing groups there along with others present for nothing other than the pleasure of the rumble. Nobody has been or will be arrested, and even the police haven't named Antifa as the protagonists. Fox News did for a moment and removed their accusations. It seems Bolt is the only one trying to keep the fake news going.
 Given that Ngo was crowdfunded to the tune of $60,000, it's reasonable to ask whether or not he set this up himself? Bolt omits these and other facts in his version of confrontation which looks as if Ngo had intentionally placed himself in a place to be punched and robbed by just a single attacker while the mob were throwing milkshake at him. $60k a reasonable motive, wouldn't you think?


WITH SON JAMES AND PETE ON FOLAU AND THE BASHING OF ANDY NGO

VIDEO Had a great time on the Young IPA show with hosts James Bolt and Peter Gregory talking about how allegedly good people do such bad. For instance: the bashing of Andy Ngo and the monstering of Israel Folau. Watch here or download the podcast. 

10m

Amazing Bolt's podcast with son Damian lasted a second when it merely disappeared was that Bolt's or his son's decision we will never know. One wonders why the IPA would have Bolt back when previously these three turned the show into a race fest when Pete told Bolt he'd attended a South Sudanese Beauty Pageant. Oh, did Bolt show his true racist colours on that show laughing and mocking the event as if a South Sudanese Beauty Pageant was an oxymoron something that to Bolt was a contradiction in terms? They all found it such a tremendous white man's joke getting their jollies off on that day. 
The IPA and his son James should be ashamed to have the man back. 2GB dropped him as a waste of space and unnecessary expense or was it Steve that had him shifted given he often hinted that the show was his and Steve was his sidekick? He tried that on with Miranda Devine who put him back in his box as did the management of 2GB when he tried the same on her when Steve was away on holidays. He does make a public fool of himself and does so regularly. 
What do we find James Bolt making the same accusations about Antifa that the police have denied and the same fake facts that Antifa attacked Ngo and "messed " him up when even Ngo was quoted as saying only one person did that. He seemed to have set himself up for the publicity and fund crowded sympathy to the tune of a $60,000 payday. Not bad, hey? In the meantime, nobody was arrested, and the police did not find the event unusual for Portland as it's been going on for years among the various groups in the city and they found no evidence of any cement in milkshakes all fuel and fake facts which were used.
Bolt the self-proclaimed advocate against Identity politics maintains Folau was the victim here and his anti-gay comments just "his opinion" and don't reflect in any way the social history Gays have systemically had to deal with for years by organizations like the Church being represented. Folau happens to represent an extreme Christian attitude that doesn't make for a better world at all, and the reaction he brought about and directed towards him is by people who do believe gays aren't "exceptional" but equal. When the one of Folau represents is actually the very reverse and the one Andrew Bolt defends as justified.
What is interesting is Bolt, the son of Dutch immigrants, and he keeps referring to the evils of the Nazis and their followers. He never once refers to the Dutch who in fact killed more Dutch Jews 80%, in fact, than even the Germans did German Jews. Bolt's parents and family came from Aalsmeer the most notorious anti- Semitic pro-Nazi town in the Netherlands during WW2. Bolt is always ready to point any number of atrocities as examples except the very one he has the closest relationship with the town that gave birth to the Bolts. The most Racist and bigoted town that Bolt loves so much.  It's as if that town, which he loves so dearly and visits annually, hasn't anything to be ashamed of and the people in it have all changed. Andrew Bolt is silent on the Aalsmeer, and it's grand effort to make the world a better place.


Outgoing Victorian Liberal director Simon Frost sits with state president Robert Clark at the party's state conference in June

Liberal director Simon Frost resigns after only months in the job

 He also served as Victorian director for about two years, after being appointed to the role when former director Damien Mantach was jailed for embezzling $1.5 million in party funds.

Does this seem to indicate improving the quality of the Liberal Party or a man moving out of the way of the firing line before the shit hits the fan? Frost is moving to hide in plain sight and not be caught as Director in the oncoming economic storm that's coming. He can't be fired nor be promoted, so move him to higher ground and hope nobody notices. Who's going to be handed the poison chalice?

Things must be bad when Murdoch media turns on the Lib Party who they supported during the election 5 weeks ago as the party with the economic chops. The Party they now claim is doing nothing to keep us safe. Talk about twisted hypocrites. It goes to show what little value they were as News providers. While Emma Alberici and the ABC were delivering the real economic facts, these turds joined the government in trying to silence and sack her are now singing from her songbook. A Treasurer who tells the country a 1% Cash Rate is great, and everything is alright is a Fake and a Farce and no longer has any support. So Morrison the advertising man is about to spend taxpayer money on blitzing the country on it's $158 mill tax plan and do nothing else. All in the hope of achieving a one-dollar surplus.     (ODT)

RBA governor Philip Lowe.

Reserve Bank of Australia calls on government to do more to boost economy








Your savings no, Our savings are now going backwards along with our wages and pensions and cash and Josh the joker Frydenberg is saying that's great (ODT)

The RBA has made a rare public appeal to the Morrison government to do more to boost a sliding economy after it sliced official interest rates to one of the lowest levels in the world.