Why to NOT be fooled by Australian inflation cooling as expected to 2.7% from 3.5% amid electricity subsidies📍 (Save for later)
🚩The RBA looks at the trimmed mean, which only fell to 3.4% from 3.8% YoY. That’s in line with the RBA saying inflation will temporarily pull back before rising again. Why? Two reasons: Electricity prices fell 17.6%, supported by federal and state energy bill rebates. Petrol prices fell 7.6% YoY, but spot oil prices are rising again as the two biggest economies (Fed & PBOC) are cutting rates.
🚩The biggest CPI gainers can't be slowed. Rents are up +6.8%. Insurance costs +6.2%. Fruit & veg +9.6%. They face upward pressures. The RBA says 'consumption' will slow, which should bring down inflation next year. But consumption can’t change these dynamics. People need a roof over their heads—landlords won’t drop rents, will they? Insurance premiums are rising—will insurers drop premiums? Fruit and veg prices are seasonally rising—will farmers want to charge less?
🚩Also, spot agricultural food prices are rising amid drought concerns. Wheat prices are up 9% month-on-month, and sugar is up 24%.
🚩 So, when Governor Bullock said yesterday that more pain is ahead, if you read the tea leaves, it likely means not only will inflation stay higher for longer, but so too will interest rates in Australia.
@craigkellyXXX Michelle Rowland's censorship of debate over HCQ, which is proven effective against Covid, should be enough to disqualify her as the Minister.
Idiots who assume the power of establishing absolute truth, without debate, really need to study some basic science & philosophy...
On Negative Gearing PM Albo is so rattled he almost exploded at Peter on AM Agenda this morning on Sky.
Peter presses on the PM, calling him a liar, and Albo could only do what Albo does: Blame Peter Dutton.
Aussies see through Albo as a liar.
If the average Australian family didn't have to pay half of their income as tax to the government, they wouldn't need things like 'free childcare'.
Over-taxation leads to handouts paid for by ... over-taxation.
How hospitals murdered people during the plandemic:
1. They “tested” people.
2. Labeled them as “covid”
3. Sedated and intubated them.
4. Killed them.
5. Labeled death as “covid deaths.”
6. Celebrated with a dance routine.
“A new car safety study has proven that electric vehicles (EVs) are too heavy to be restrained by guardrails that line roads in case of accidents, researchers at the University of Nebraska-Lincoln said.
In a study sponsored by the U.S. Army Engineer Research and Development Center (ERDC) and partnered with Auburn University’s Transportation Research Institute, MwRSF conducted a “first-of-its-kind crash test” of an EV pickup truck in October 2023.
The test used a 7,148-pound 2022 Rivian R1T truck that was sent at a barrier at a speed of 60 mph, with footage showing the heavy EV completely blasting through the guardrail and launching over the concrete wall while sending chunks of it flying.”
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When it comes to the safety of lithium car batteries, it’s just not fires you have to worry about, they are also a much greater hazard on the road due to their weight.
Just another oversight on behalf of the pro-renewable lobby they forgot to tell you about.
Quote from:
https://t.co/Le1ZjXlQis
#auspol
This most dangerous Bill would turbo-charge the draconian powers of the eSafety Commissar, by establishing a Ministry of Truth with her as the Censorship Czar
She would have the sole power to determine what is ‘misinformation" - by an objective standard of what is she determines is "reasonably verifiable" as misinformation.
Further, she’d have the power to tell X how they should run their business and how people should be censored by X and have their freedom of speech suppressed.
The Bill provides at 1.1
Where there is no approved misinformation code in force, an approved misinformation code that is in force is deficient or there are exceptional and urgent circumstances, the ACMA (the eSafety Commissar at the Australia Communications & Media Authority) may determine a standard
And her powers would enable her to censor political debate.
For example;
If you questioned the dogma that the covid vaccines were "safe & effective", you could be censored under clause 14.1 (b) if the Ministry of Truth determined that this could for cause "harm to the efficacy of preventative health measures in Australia"
If you argued that using coercion to force someone to undergo an experimental medical intervention was a breach of human rights - you could be censored under clause 14.1 (b) if the Ministry of Truth determined that this could for cause "harm to public health"
If you opposed Net Zero and argued it was a scam and that expenditure on solar/wind was wasteful - under clause 14.1 (f) if the Ministry of Truth determined that this could for cause "imminent harm to the Australian economy" you’d be censored.
If you criticised the Big Banks or warned citizens risked being debanked for their poltical views (as happened to Nigel Farage in the UK) - you could be censored under clause 14.1 (f) if the Ministry of Truth determined that this could for cause "harm to public confidence in the banking system’
If you said it was child abuse for biological men to satisfy their fetishes by trick babies to suck on their nipple pretending it was breast-feeding - you could be censored under clause 14.1 (c) if the Ministry of Truth determined that this was "vilification of a group in Australian society distinguished by gender identity"
If you accused the Australian Electoral Commission of corruption for using their powers to persecute politicians with frivolous and malicious legal suits - you could be censored under clause 14.1 (a) if the Ministry of Truth determined this could "harm the integrity of a Commonwealth electoral process"
This most dangerous bill should be chainsawed.
Norway exports $100bn in commodities a year with 5m people.
Australia exports $450bn per year with 28m people.
Norway has a A$2.5 TRILLION wealth fund which is $500k per citizen
Australia has $250bn sovereign wealth fund which is $9k per citizen.
If this doesn’t piss you off, I don’t know what will.
Joe Rogan explains how the Biden-Harris administration rewards illegal immigrants crossing the border with taxpayer money, with some migrants exploiting the system to make a fortune.
“What they’re doing is pretty wild because there’s a radio station in San Diego that is a Mexican radio station. This guy was on the Mexican radio station explaining how we do it. He’s gone back four times that month, so every time he crosses over, he gets $2,000. He’s gaming it—he made $8,000 in a month from the federal government.”
Your government hate you!