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Everything posted by Solomon

  1. Everybody knows the dice are loaded. Everybody knows.
  2. That would be except "cash". I have on occasion had 100% in cash, and never lost a cent. It might have deteriorated according to inflation, but that's beside the point.
  3. Oh dear zaph, I think you should stop while the stopping's good. (I say that in all humility, and with due respect to you; and also not because I want you to stop with this line of reasoning, but because I am ultimately afraid of the consequences.) You are being so rational, but this is one of those subjects that is entirely subjective. Children are not like pets, that you can determine their likes and dislikes to a large degree. Children have a will, and by that I mean, they are capable of putting tremendous pressure on parental nature to provide for their longings. My own 5 children still complain about how restrictive I was in our household, and with their first paycheck they went out and bought that xbox 360 that I wouldn't get for them. They still say they were deprived and yet they had food on the table, clothing in the cupboard and a bed to sleep in. They should have been totally happy and content. My grandchildren by contrast, I believe are spoilt rotten. They are given $500 birthday presents (have we gone mad!!!!) They each have their own ipads and tv sets in their own rooms! No wonder we are maxxed out as a nation and as individual domestic households. It is difficult enough not to buy "Tiddles" or "Rover" the best possible food and lodgings, but for children this is only the tip of the iceberg. And when they go to school you discover the real power of peer pressure. The latest fad or craze becomes essential. (Shopkins is now a multi-million dollar industry!) Even the Target look-alikes won't cut it to fashion savvy children. Don't even start me on technology, and what is now regarded as the must-have for 5 year olds. I agree with you zaph, that consumerism and materialism are the curse of modern parenting, but there doesn't seem to be any end to the abiity of the marketeers to keep the children engaged. Good luck with your project.
  4. See my comment on Local Council corruption.
  5. Too much money wallowing around Local Council's nowadays. Mainly through development companies. Tweed Heads Council was sacked only 10 yrs ago for supplying favours to big business and development. Council's are now simply glorified money laundering schemes, becoming richer as rates have increased. Just too tempting it seems for many people to keep their hands off.
  6. OMG Anders; I never thought about it before. What if they had English UK scientists determining the code words, and Microsoft auto correct kept changing them when the president was trying to type them in? "I thought realise had a "z" in it!"
  7. Like anyone would seriously listen to Alan. He took us to the brink by claiming we were in a new age of economics.
  8. You're right SC. Any other context of terrorism and the SWAT team and ASIO would have been all over it. But not the banks. Its all a load of self-interest B@#$#^t. Money talks, and I live in vain hope that some day all the corruption will be exposed. $1,000,000,000,000. Just imagine what that would have said to the world about Australia's concern for its citizens and no corporation exists outside the law. Keep the cash coming boys. We'll launder it for you.
  9. Thanks Anders, but its all "gobbledly gook" to me. This article by Prof Daniel Palmer of Monash University makes a pretty good fist of it however. At the end of the article he suggest post-modernism (I'm never sure whether it should be hyphenated or not) is now out of fashion. But take a look at what's on the forthcoming academic menu!!! Human beings are relentless at following fads. We are herd/tribal creature. We follow the crowd. Fascinate me with flattery and I'm yours. I think the academic world got lost on airy fairy land, and took a whole lot of us with them. Philosophy and idealogy are intent on seeking meaning, even when meaning and purpose may not exist. We have battered truth to death, and now we are trying to relocate reality. I'll leave my attempt to comment on this subject at that. Contemporaneity....... Hehehe.
  10. This is all being driven by our exorbitant house price economy. (And I'm sad to say, I think it is now the new norm) Too many people now have vast fortunes made on house prices. They just can't ever go down again. Everything is now valued against the elevated price of homes. One day, someone (all of us) will realise just what the banks/greed did to our world!! They and all those who have sucked off the teat (Governments, Local Councils, Public authorities) have totally wrecked our lifestyle. The aged care industry all assumes the elderly are sitting on a juicy rich piece of real estate. For those who are renting or in public housing there is just no way they are going to afford those sorts of deposits. It will come back to the situation when I was a boy and family looked after their elderly in their own homes until they died. Our nanna lived with us for many years. The only nursing homes around at the time in country Queensland were repatriation homes for returned servicemen and women. Then the churches and masonic and buffalo lodges built some as charitable institutions. Now most of them are privately owned and it is all about profit. Watch for the increasing revelations coming out of the homes about "elder abuse".
  11. I read that article Dose. It was even more enlightening in the comments, to see that some people have withdrawn their properties and are now renting them. Waiting out the downturn; believing that this is only a short reversal, and they will soon be back on the trajectory to the moon.
  12. Imagine though if they include "actual" words. There may be a panic in the future remembering the correct spelling!!
  13. That; or become an alcoholic. Most decent alcoholics don't make it to old timers!!
  14. Dos thet mean they r rong tho? Its not ther falt. They just was nt tort rite. And no 1 bothered to corect them! Who nos wear we will end up. I blame twiter....
  15. That is so funny Anders. Brilliant! Thank you for giving me a laugh today.
  16. I still regard the above as the penultimate chart in this whole home price fiasco. No wonder the baby boomers are all nearly millionaires. It is followed closely by this one. You can find these and more in this Macrobusiness article of 2013. When this busts it is going to be a doozy ride down.
  17. Great to have you back Cobran. We were beginning to wonder if you might have left us for good, so it is pleasing to know that it was only a small hiatus. Hope you are refreshed by the break. Look forward to whatever you are able to post.
  18. Cobran we do love you! All is forgiven. Come back.... Seriously Cobran, we do hope all is ok.
  19. Just sorting out demarcation of jurisdiction should take a decade or two. No agency in this league wants to play second fiddle, so you can imagine the lobbying to be the dominant organisation!! Frankly, my suspicious mind also wonders whether something else is afoot. Are they falling into the M. Armstrong trap of wanting to be able to predict and control everything. This is all predicated on politicians wanting to keep their citizens safe. You can hear the rehearsed rhetoric every time one of them opens their mouth. They seriously believe this will eradicate terrorism without any cost to personal privacy or even human decency is ludicrous. Honestly! Getting to a level where you can predict every single individual threat to our communities is closely akin to herding cats. As you know, I believe there is a place for government. Nothing operates without governance controls, including personal & family affairs, but when government thinks it needs to control every little thing about our life, then the system is seriously dysfunctional. I have to wonder what threats they are really pursuing.
  20. Hello everyone. Just booting this topic to enquire about Cobran. Anyone know if he/she is alright? Its not like him to go absent without letting us know. I'm ashamed to admit it, but I also rely on him to post the articles. I know I took his longevity for granted, and I shouldn't have. Come back Cobran. We miss you!! Even tor - doesn't have anyone to argue with any more.
  21. I wonder as well tor. It could be that Armstrong already recognises that the writing is on the wall for Trump. They (whoever they really are) are refusing to let things lie. They are out for blood and I then think Marty can say; "See I told you they would not let him alone." Heady days for American politics, because I wonder what happens with the general populace when Trump is impeached from office? I think we might see a reversal of the protests, and many of the Trump supporters are the ones with the guns!! Whatever the outcome, it all looks very volatile for some time to come.
  22. The system is always larger than the individual. It is hard for us to imagine a possible scenario where enough people rose up against the system to enable it to change without violence of bloodshed. Jesus, Mahatma Ghandi and Martin Luther King Jr possibly achieved the best outcomes from passive resistance, but they are rare exceptions. To the system we are simply a number. A digit in a box. I have wondered for a long time now, what our society might look like if we were to have a major economic downturn. I doubt it would be anywhere near as civil as during the last great depression. But of course, that outcome is never going to happen. Onwards and upwards........ As Buzz Lightyear would say, "To infinity!!"
  23. Greetings to all. I have several questions after watching the new "flipping" show on Channel Seven (7) last night - Aussie Property Flippers. As the name suggests it is based in Australia. Without wanting to give "it" too much publicity let me outline the gist of the show. One couple purchased a home in Baulkham Hills in NSW -- $850,000. The other couple bought an apartment in Coolangatta, Qld - I think it was for $300,000. The house sold for $1.3 million after they had spend $140,000 on reno. The couple decided to keep the apartment as a rental after spending $40,000, but it was then independently valued at $440,000. Obviously these windfalls were presented to the viewing public as complete profit after a period of 12 - 20 weeks renovating. My questions are these. Aren't these properties (and all flipping in Australia) subject to Capital Gains Tax? When is this required to be paid? Was the Stamp Duty factored into the purchase price, or is that additional to the price? (This wasn't clearly spelt out in the programme) Are there other fees and charges incurred in renovations by Local Council's, State bodies, etc, in undertaking renovations? (Whilst these weren't mentioned in the programme, they could have been included in the overall renovation costs.) The "profit" the couples achieved, would now, I assume, be subject to Income Tax? Do they have to be registered with some Building Authority in order to carry out these renovations? Are the renovations required to be inspected to ensure they comply with building codes in the various places? I would be interested to hear the answers to a few of these. There may be others as well, which, of course, get conveniently overlooked during the show.
  24. Thanks Zaph. You're obviously very knowledgeable on these matters. I appreciate you taking the time to answer my questions. I guess I was trying to make the point that anyone watching the show needs to factor in some additional outlays, rather than literally treat the difference between purchase/renovation and sale as pure profit. Your comments are very helpful. I still can't believe the CGT would possibly not be payable for 2 years after the event. So if they flipped 4 - 5 houses per year that would require good accounting to keep track of their outlays. Interesting.