The new Cold War(s)

[KSaiyu]

Neo-Cons are more or less the same as the Centre left just a bit more economic conservitive which is outdone with extra Stupidity regarding international relations.

They can lead too much with their emotions when dealing with international relations. Or think they're the Second Coming like Blair.

 

[mustafur]

Or Tony abbots Neo-con Liberal party.

Economicly they are not as conservertive as they try to present them selves with very keynesian style to it, (not as bad as Rudd though) with very little idea what a Bubble is (Regarding property) and how much long term damage it can do if you ignore it completely (which is happening).

Foreign relations wise he is the worst prime minister we have had especially in the Asian region, if only he could learn a bit from Howard atleast in that department who despite what you thought about what he did as a whole was excellent in Foreign relations, even if he was a bit of a US Yes man.

 

[KSaiyu]

I'll hold my hands up and say I know next to nothing about economics so I'll trust your judgment on that. The appeal for me is what they do with Health and Education - enough for my simple brain

 

[mustafur]

I'll hold my hands up and say I know next to nothing about economics so I'll trust your judgment on that. The appeal for me is what they do with Health and Education - enough for my simple brain

In Simple terms our economy is stalling, unemployment is high and growing yet property prices are rising at an out of control level from low interest rates, that have been lowered again to try boost the economy but are making the property situation even worse.

The only thing that is keeping this country up at the moment is Construction to build these houses, if the property bubble bursts America's 2008 GEC will seem like Prosperity in comparison.

Who is buying these houses you say?

Chinese Herd investors and over leveraged Couples, two very Unstable type of people who can sell off very easily, combine that with the risk of Spike inflation from artifically low interest rates that would in turn spike interest rates to levels that would force all the overleveraged families onto the streets.

 

[KSaiyu]

In Simple terms, our economy is stalling unemployment is high yet property prices are rising at an out of control level from low interest rates, that have been lowered still to try boost the economy but are making the property situation even worse.

The only thing that is keeping this country up at the moment is Construction to build these houses, if the property bubble bursts America's 2008 GEC will seem like Prosperity in comparison.

Who is buying these houses you say?

Chinese Herd investors and over leveraged Couples.

Now this is interesting. My mum's cousin came over from Melbourne (Sri Lankan Burgher's only seem to know two countries when they choose to emigrate - UK and Australia) and was talking about the big Chinese property grab going on in the city. I had no idea it was a country wide issue.

 

[mustafur]

Now this is interesting. My mum's cousin came over from Melbourne (Sri Lankan Burgher's only seem to know two countries when they choose to emigrate - UK and Australia) and was talking about the big Chinese property grab going on in the city. I had no idea it was a country wide issue.

Not Country wide mainly Sydney and Melbourne at present.

Think 17% growth in prices in just 1 month, with over 90% auction clearance rates.

Brisbane may be next if the bubble doesn't burst by that point.

Crazy thing is Over the ditch in Auckland this is also a huge issue as well.

The Main reason for this issue is Negative gearing though, and the Chinese are now using it to their advantage, problem is keeping it will keep prices growing but removing it will crumble the economy.

 

[prisonermonkeys]

Negative gearing isn't the problem. The Chinese would be buying up with or without it. They've got large cash reserves, but don't trust the Chinese property market after a few failed city-scale development projects funded by Beijing. Investing in foreign property markets is both secure and generates income.

 

[Scaff]

@Scaff I'm not sure what else you require.

An answer to the questions I've asked you five times.

I've given the links with the Labour party and with the Greens saying they have no problem with people joining an international Islamic terrorist organisation and the leader of the largest Trade Union cosying up to Rahman I still don't see what your arguing.

None of which is across the entire left and a lot of which was opposed by other elements of the left, which is exactly what I am saying.

If this was so cut and dried you would have easily proven it and answered my questions.

Russia and China continue on the road to be "Besties"

Not a big surprise given the breakdown in relations between Russia and the EU and US.

China gets even tougher on Islam

China is tough on religion pretty much full stop (unless it does what the state wants), but I strongly suspect it will backfire on them.

Christian initially denied a voice in reporting ISIS atrocities

And do you know why?

I only ask because your source (which is the right wing version of using George Galloway a a source) doesn't bother to mention it.

 

[mustafur]

Negative gearing isn't the problem. The Chinese would be buying up with or without it. They've got large cash reserves, but don't trust the Chinese property market after a few failed city-scale development projects funded by Beijing. Investing in foreign property markets is both secure and generates income.

Not the Main problem with the Chinese Investment, but very much so with Australian Investment, according to property data around 40% of all houses Bought in Australia are by people using it for for investment and therefore renting it out, now I know for sure these are not all Chinese as they don't even represent over 20% of the total buying market.

Regardless as a policy this is basically Reverse Robin hooding, as it's impossible to have Cashflow positive Investment property in Australia unless you buy outright, which means only 1 thing they are renting them at a net loss which is negative gearing, let the Rich write off their taxes while you price out the poor from the market entirely.

without negative gearing many of these people wouldn't of bought houses in the first place which would increase supply by a massive amount and therefore have prices in a more reasonable level.

I'm not a left leaning person in Econmics by any means but this is seriously unfair stuff happening here, not only that but it risks taking down the entire economy with it, and the Government is essentially funding the whole thing.

 

[prisonermonkeys]

I'm pretty sure that if negative gearing was disbanded, the Chinese would fill the void pretty quickly.

 

[mustafur]

I'm pretty sure that if negative gearing was disbanded, the Chinese would fill the void pretty quickly.

They would of sold their propertys and left the country before it happens more likely, such a policy wouldn't just happen overnight so the warnings would be there.

Infact Overall there would be a massive sell off as people will be trying to sell while prices are high and buy when they are low.

This sums up what im saying well: http://www.abc.net.au/news/2015-05-...aring-tax-benefit-should-stay-for-now/6461040

Yes your reading that right nearly 14% of total tax payers in Australia are negative gearing, thats a shockingly high number when you consider the amount of people who actually own a house.

 

[prisonermonkeys]

I think you underestimate just how much wealth the Chinese have. They're not investing solely because of negative gearing - it's an incentive, but its removal is no obstacle. It might dissuade entry-level investors, but it will only slow the machine down fractionally.

 

[mustafur]

I think you underestimate just how much wealth the Chinese have. They're not investing solely because of negative gearing - it's an incentive, but its removal is no obstacle. It might dissuade entry-level investors, but it will only slow the machine down fractionally.

I understand that the Chinese have wealth, but that is not the single determinative in what makes them buy these properties.

Despite the large number of Chinese owned properties they don't even come close to the amount of Negative geared houses in the market right now, they can't simply double their entire property investment overnight to make up the numbers.

The whole idea of this will easily scare most into selling and the Chinese will likely move their money to another countries property market, because when you have the Negative gearing crowd selling off the over saturation of supply will crush housing prices in a decline.

combine that with the fact construction will almost definitely come to a holt with this much housing supply now available to buyers and you got your self a Recession, from all those construction job losses(Who they them selves can't pay off their own houses and will sell).

 

[TenEightyOne]

Another pair of Bear in the air, and NATO practices sub-squashing.

 

[Robin]

Russia playing the long term game... Make the RAF fly the Typoon jets so much that they eventually need to be retired, naturally with no replacement, then 60's soviet technology will reign supreme!

 

[KSaiyu]

She describes her job as “to carry the hopes and aspirations of thousands of Hindu families in the UK”. And in the performance of this role, Trupti Patel, president of the Hindu Forum of Britain, hasn’t been shy to rally her people to vote for one particular party. In an open letter on the forum’s website, Patel attacks Labour and the Lib Dems for insulting Hinduism by supporting legislation to outlaw caste discrimination. “Only the Conservative party has stated that if they are in a majority government, then this piece of unwanted legislation will be repealed,” she says, adding: “In these elections, the very honour of your faith is in danger of being undermined.” In short, vote Tory.

Around the same time, another endorsement – written to a Bangladeshi newspaper by 101 imams – was being cited by the election commissioner, Richard Mawrey, as one of the reasons that the 2014 re-election of Lutfur Rahman as mayor of Tower Hamlets should be voided. This letter, argued Mawrey, contravened the law against undue spiritual influence – a law unused and pretty much unheard of since the 19th century. It was first invented to stop the Irish working classes from falling under the influence of the Catholic church after the introduction of secret ballots (which meant that landowners could no longer control how their tenants were voting) and was bound up with a racist view of the Irish as stupid and with conspiracy theories about Catholicism as some alien power intent on taking over.

So why was the imams’ letter a reason for Rahman’s election being voided but Patel’s letter not a reason for Cameron’s election being voided?

http://www.theguardian.com/commentisfree/belief/2015/may/15/one-rule-for-hindus-another-for-muslims

Obviously it's more complex than the final question, but interesting nonetheless

 

[KSaiyu]

hurr durr Glenn Beck

 

[Rage Racer]

"Good morning American pilots, we are here to greet you on your Fourth of July Independence Day!"
http://freebeacon.com/national-security/russian-bombers-flew-within-40-miles-of-n-california-coast/

 

[Dennisch]

So, 2 planes reached it, how many actually took off?

 

[Leonidae@MFT]

So, 2 planes reached it, how many actually took off?

Those two only. The rest were used as spareparts to get those two in the air.

 

[Rage Racer]

They just greeted Americans on their national holiday. Why looking for "threats" and "destabilizing" here?

 

[Leonidae@MFT]

They just greeted Americans on their national holiday. Why looking for "threats" and "destabilizing" here?

Which part of "nuclear-capable bomber" you missed? One off those could kill millions.

 

[CodeRedR51]

Edit: Read the article first before commenting <---- me.

 

[TenEightyOne]

Which part of "nuclear-capable bomber" you missed? One off those could kill millions.

It's just how it works - we do it to them too, international airspace is international airspace. Even if one crashes it's unlikely to set the bomb off, after all the Americans have dropped the things by accident with no harm.

 

[Leonidae@MFT]

Actually, US has lost track of couple thanks to accidents..

 

[TenEightyOne]

Actually, US has lost track of couple thanks to accidents..

They didn't go off though... much easier to know where they are when they go off...

 

[Rage Racer]

Which part of "nuclear-capable bomber" you missed? One off those could kill millions.

First: Americans, we don't want to nuke you. We want Microsoft and Apple to work. We need our Western partners alive.

Second: about "killing millions" - the modern concept of nuclear attack is not about this. The age of Tsar Bombs is over, modern nukes are very accurate (so no excessive power is needed) and ecologically clean - no unnecessary air pollution, no "nuclear winter". The targets are the strategic objects - ICBM positions, power stations, fuel plants and other infrastucture objects that would get the country paralysed if they are destroyed, and they would be hit with high precision. But the "total annihilation" doctrine is >40 years outdated.

Third: if the Bears really headed for attack, they wouldn't have to enter the US airspace to hit the targets on the west coast - the Kh-55 missile carried by Tu-95MS has 2500 km range.

And fourth: even pilots of these "apocalypse machines" can have sense of humour. Although it's not known exactly if the greeting was an order or the pilots' own idea.

 

[wareric11]

First: Americans, we don't want to nuke you. We want Microsoft and Apple to work. We need our Western partners alive.

Second: about "killing millions" - the modern concept of nuclear attack is not about this. The age of Tsar Bombs is over, modern nukes are very accurate (so no excessive power is needed) and ecologically clean - no unnecessary air pollution, no "nuclear winter". The targets are the strategic objects - ICBM positions, power stations, fuel plants and other infrastucture objects that would get the country paralysed if they are destroyed, and they would be hit with high precision. But the "total annihilation" doctrine is >40 years outdated.

Third: if the Bears really headed for attack, they wouldn't have to enter the US airspace to hit the targets on the west coast - the Kh-55 missile carried by Tu-95MS has 2500 km range.

And fourth: even pilots of these "apocalypse machines" can have sense of humour. Although it's not known exactly if the greeting was an order or the pilots' own idea.

He's trying to lure us into a nuclear attack! But in all seriousness I doubt either side would nuke the other except in a retaliation attack. Also, very insightful about how modern nuclear weapons work. Thank you! 👍