From: JL on 2 Dec 2008 23:48
On Dec 3, 11:13 am, Diogenes <cy...(a)society.sux.ok> wrote:
> Let's not forget that what I am proposing will never ever be allowed
> to happen so this is just pub talk waiting to be shot down by the
> expert pundits (the same arseholes who coudn't forsee the current
> recession coming until it bit them on the bum.)
> Remember? Before the crash, they all claimed to be experts and
> accurate forecasters. When it crashed, these same overpaid and
> overhyped morons were singing the chorus "no one knows, no one can
Totally aside from the fact that forecasting market movements is only
one facet of economics, you are once again grouping everyone into a
single stance which isn't accurate. There were a number of people who
accurately predicted the bubble bursting 18months ago including myself
(it was a no brainer). A few good analysts even accurately forecast
the record lows for the stockmarkets (I have to confess to
underestimating that one though - I started cautiously buying back in
at 4500 thinking it'd bottomed when the biggest bear who'd been
calling 3500 turned out to be right.
On the other hand quite honestly the ability to predict the stock
market movements doesn't make someone a better economist than the next
- the science is far more broken up into specialities than that.
FWIW the current cycle is entirely explicable, and a lot of people
tried to tell Dubya and Clinton what a dumb thing they were doing.
Politicians however only listen when it suits them.
(all my super went from shares into cash in July /Aug 07 btw - my
money went where my mouth is)
From: JL on 2 Dec 2008 23:51
On Dec 3, 12:29 pm, Diogenes <cy...(a)society.sux.ok> wrote:
> On Tue, 2 Dec 2008 17:15:46 -0800 (PST), theo <t...(a)bekkers.com.au>
> >On Dec 3, 9:13 am, Diogenes <cy...(a)society.sux.ok> wrote:
> >> On Tue, 2 Dec 2008 15:25:35 -0800 (PST), theo <t...(a)bekkers.com.au>
> >> wrote:
> >> E.g. I stopped buying Vegemite and switched to MightyMite. I had to
> >> re-tune my taste buds, but it's ok now.
> >I never liked vegemite.
> Well maybe MightyMite is more to your liking. It's "milder". And it's
> West Australian.
> >> >Agreed on the tourism, not on the tarifs. Tarifs are, to me, a means
> >> >of everybody paying to subsidise local noncompetitive industries,
> >> >resulting in a pair of $23 jeans costing $70, then preventing the $23
> >> >jeans from entering the country.
> >> There are many ways to structure a tariff regime. Everything starts
> >> off being "uncompetitive", but I say it ought not to even be about
> >> competition. It ought to be about Australia striving for economic
> >> self-sufficiency. A smaller economy, but OUR economy.
> >> If I were the dictator of Australia, using your example above, the $23
> >> import would cop a tariff of $47 and the money collect would be used
> >> improve the quality of the Australian product and to improve
> >> productivety within the same product stream. any left over money
> >> collected in these tariffs would be used in educating the public about
> >> buying Asutralian.
> >So what incentive is there for the Oz jeans manufacturer to get
> >competitive, or even of a higher quality? What prevents us from
> >fellating the local industry? What do we gain for our $47?
> We get to support our own cotton growers (Australian jobs)
Who are destroying the environment and should be banned, the
Australian ecosystem is ill suited to raising cotton and rice
> We get to support our own textile mills. (Australian jobs)
> We get to support our own clothing manufacturers. (Australian jobs)
> We get to keep these industries going instead of killing them by
> buying imports.
Why not let some other sucker grow the cotton and wreck their
backyard, turn it into cloth and pollute their backyard which we
import at a couple of bucks a roll, then turn it into highly priced
garments with huge profit margins that we export
Oh wait, we already do that.
From: Diogenes on 3 Dec 2008 00:12
On Wed, 03 Dec 2008 13:44:11 +1100, CrazyCam
>> We get to support our own cotton growers (Australian jobs)
>Ah, well, yes.... do you mean like Auscot?
>They are the mob I used to work for before I saw the silliness of working.
>Despite the implication of their name, suspected by many to be an
>abbreviation of Australian Cotton, they are 100% Yankee.
>They are owned by one of the largest private companies in the US, apart
>from a brief period, some years ago, when Kerry Packer owned them.
>They have some very specialist accountants, who manage to prove that
>they rarely actually make a profit, but the left overs from income minus
>expenditure gets neatly channeled back to California, under the guise of
>loan repayments, specialist consulting, <mumble> etc.
>They manage to use lots of our water, they get all sorts of tax breaks,
>and, to be fair, without them Warren would cease to exist, Trangie would
>probably close too, and Narrabri and Moree would be seriously crippled.
That's EXACTLY the sort of rort I'd be shutting down. It's Australian
owned and operated or it goes to the back of the queue, heavily
Accountants pulling shonkies would have their shonkies assessed for
dollar value and they'd be working it off digging for water with an
entrenching tool somewhere back-o-Bourke at the rate of the minimum
wage untill they've repaid the dollar value. i.e. a shonky accountant
who rorted a few million would probaly be digging for life...
A couple of those kind of convictions and the rest of the scheisters
would soon fall into line. Ditto for rorting CEO's.
One year after I become Dictator of Australia, I PROMISE you the
rortists woud either be digging for water or they'd have bolted
I have so many good ideas I can hardly wait to implement them. :-)
Our very own JL would come under particular scrutiny, as would Theo.
Start packin' boys... :-)
Viva la Revolucion !!!!
>Them, I know. How many other "Australian" cotton growers are real
>dinky-die Ozzies.....<shrug> I'd be surprised if there were many.
Well THAT would CERTAINLY change...
And while I'm at it...
Pine Gap - taken over by Australia, and charging the yanks a MOTZA if
they want the services therefrom.
Exmouth VLF comms base - taken over by Australia, and charging the
yanks a MOTZA if they want the services therefrom.
I'M EXCITED !!!!
From: Diogenes on 3 Dec 2008 00:24
On Tue, 2 Dec 2008 20:51:59 -0800 (PST), JL <jlittler(a)my-deja.com>
>> We get to support our own cotton growers (Australian jobs)
>Who are destroying the environment and should be banned, the
>Australian ecosystem is ill suited to raising cotton and rice
Two words: The Kimberley...
>> We get to support our own textile mills. (Australian jobs)
>> We get to support our own clothing manufacturers. (Australian jobs)
>> We get to keep these industries going instead of killing them by
>> buying imports.
>Why not let some other sucker grow the cotton and wreck their
>backyard, turn it into cloth and pollute their backyard which we
>import at a couple of bucks a roll, then turn it into highly priced
>garments with huge profit margins that we export
>Oh wait, we already do that.
And that's ethical?
When I become Dictator of Australia, you'll get a short stint as my
economic adviser, and if you could convince me that cotton growing
waas bad for the environment we'd be banning all cotton products.
They tell me hemp is good though...
From: CrazyCam on 3 Dec 2008 00:34
> I have so many good ideas I can hardly wait to implement them. :-)
> Our very own JL would come under particular scrutiny, as would Theo.
> Start packin' boys... :-)
> Viva la Revolucion !!!!
I really don't want to spoil what is obviously a good day for you,
Gerry, but, when I was last in Canberra, I paid particular attention to
the lamp posts around Parliament House, and noticed that the buggers are
The lamp posts have a graceful curve, so it would be impossible to loop
a rope over them for hanging people. :-(
Otherwise, I'm with you on the revolution (I still that that bloke Zebee
would be a better dictator, but...) you keep a close eye on JL, and I'll
watch his assorted troupe of women.
Leave Theo alone and forget the idea of an Ivory Tower, that would make
pumping the water up that much harder.