@StealthQE4 Some context to the Australian situation this gent is talking about: government announced some weeks ago capital gains tax on all investments is effectively going to double starting next year and it has deflated a previously booming residential property market.
$WZR.AX, $GWR.AX, and $EUR.AX all got written up from this...three for the price of one!
As I said there's lots to do in small-cap Aus...lots more names coming in the coming weeks...
https://t.co/asdeWVEqad
@football360au This is management saying don't blame us for the utter incompetence of the Bakries. Roar have the worst owners in the entire league and they never fail to frustrate the hell out of the supporter base.
The people who offshored our petrochemical and refining capacity are the same people who offshored our industrial base.
They are the people who imagined that Australia could prosper in an asset-inflated, debt-driven economy, where we sold houses to one another, served coffee to one another, and called it prosperity.
They are the people who built vast domestic schemes while allowing the productive base that funds them to decay.
They are the central bankers who treated consumption as the measure of success, while the goods we consumed, the machines we needed, and the materials we depended upon were increasingly sourced from China.
They are the people who speak solemnly of βnet zeroβ while ignoring the fact that much of our carbon burden has simply been exported, manufactured elsewhere, and then consumed here with clean hands and dirty supply chains.
They are the people who insist that Australian workers must have rights, protections, safety standards, and wages, while accepting that those same rights are extinguished for the workers who make our goods overseas.
That is the modern colonial mind. It no longer arrives with a flag and a gunboat. It arrives with ideology, moral absolutism, and a lecture.
It tells us what to think. It tells us what words to use. It tells us what industries we may have, what energy we may use, what history we must despise, and what future we must accept.
And it did all this without ever asking the Australian people the central question:
Do we wish to remain a serious country, capable of making, refining, building, repairing and defending itself?
Or are we content to become a nation of consumers, administrators and moralists, living off assets we donβt build, supply chains we do not control, and energy systems we no longer understand?
Trump is a predatory capitalist who exploited America's legal system, its ethical norms, liquid capital markets, and its people's appetite for spectacle to acquire financial and later political power.
What he's beginning to confront is that the world of nation-states is anarchic, that there are a handful of actors that really matter, and only so many people you can burn before no one wants to transact with you anymore.
Lashing out in order to force a resolution is a strategy that has worked for Trump in his career in real estate, as a media personality, and during his political rise because he wasn't inhibited by the same social norms and reputational concerns of the counterparties he transacted with and because his unscrupulous lawyers and easy access to credit could help paper over most of his problems.
The problems Trump now confronts, however, have no basis in law. His adversaries, therefore, cannot be procedurally encumbered with discovery requests and depositions that drag the conflict out for years. Unlike his career in business, he cannot simply declare bankruptcy and move on.
This is scary because it means that Trump finds himself in a corner with no acceptable off-ramps. Because of how powerful America is, and because he is its president, the damage he may be willing to cause to Iran, its people, and the world before he finally comes to terms with his predicament will weigh on this country for many years to come.