>Monday 4pm Sydney time.
That's when the worldwide financial system is going to collapse. Screenshot this.
tl;dr
Year long royal commission into Australian banking industry is released to the public. Our (((government))) got the report on Friday afternoon and are likely selling stocks and in damage control.
Our jewish treasurer is smiling like a moron as he sits with the commissioner who knows how bad things truly are.
Meat pie, vegies and a Kirin.
You cunts better not fuck up and let this thread die. Here's our jewish treasurer being a sperg in front of the cameras and the commissioner
twitter.com
tl;dr
>JEWS
And an early reminder
This is an aus/pol/ for the Bruce's who are just finishing for the day. NEETs stay the fuck out.
Bump cunt
M8, it's Saturday, apart from retail at Bunnos and essential services like the Bottlo , everybody should be semi-neet today.
Fair enough. I retarded and didn't mention in the OP that Monday 4pm after the markets close is when the royal commission report will be made public. The government and bankers got access to it on Friday. The cunts.
Housing bubble has POPPED
So mondays news will be:
>Footballer X in sex/drugs/racism scandal
>B-grade celebrity says something stupid for publicity
>Police raid token alt-rite terrorist gang
>State govt flipflops on pill testing
>cute furry animal does something funny
Done.
The jews better be scared
So the Boomer got 2.4 million for his 50k fibro shack that he built 50 years ago and lived in?
>hope he's enjoying his roundtheworld cruise
Then the Speculator tarting it up and flipping it for a profit got burned?
>Suckshit.
It's only a bubble if you're an (((investor))), if the original Boomer had waited 'too long' and only sold it now for $2.2, he'd still have retired happy
can you give a burger a quick rundown on the significance of this down-under cuntery?
It's significance is that it's full.
That's cool, I wasn't interested in going there anyway. But I was interested in hearing more about some political fuckery going on.
Niggers and jews
we need to meme youths into a racial slur
>"can we get a handshake?"
>"nope"
Kek
HAPPENING STREAMS ON NEW POL
Gday fat cunt.
Basically, as you know, jews and bankers fuck everything up. Our politicians voted against a Royal Commission into the banks 26 times.
Now that they got dragged kicking and screaming into the Royal Commission, they demanded the results only be given to them first (on Friday) and then be released to the public on Monday (4pm after the markets close.)
The jews have fucked the country. Picture the subprime bullshit but ongoing for 30 years in Australia. That's how fucked we are.
Boomers crying over reforms.
I don't think anyone here realises just how fucked we are. Monday 4pm is officially the HAPPENING
Fuck phone posting from rural Australia with 1 bar of abo reception
THREAD THEMESONG: youtu.be
Lets hope we see some Commonwealth bank assholes and chinks and boomers splatting the pavement. JUMP YOU FUCKERS
Really looking forward to it. Everyone knew it was coming and the longer it went on the worse it would be. Hopefully we get the whole gambit. Bank collapses, massive waves of forclosures and chinks jumping out windows. Bit of a yellow vest style protest might be fun too. Probably reaching here but maybe some gooks and wogs and niggers in Melbourne might have a big old chimpout and burn some stuff down.
its gonna be great
>fuck off we're fu--
you're late today you fuck
I concur. I could have used his burgerposting earlier on to keep the thread bumped. Alright cunts I'm going to the bowlo for a bit. I'll keep shitposting but please forgive my alcoholic spelling.
STREWTH
...rious that you're so late and we were worried, FullmapSeppo.
Nightly reminder to join your local trade union
had a couple of white russians, fist one 5 shots stolly, 2 kahlua and 3 cream, not sweet enough
second was 3/3/3 and it was fucking sublime
only now I'm half cut and sweating like an abo on the bus
should probably make dinner soon
Thread needs more union posting
Unions are for sois who can't man up and tell his boss to fuck off. Directly responsible for the minimum wage meme in aus, leading to inflation.
Burgers, I ask you, if a bottle of coke costs $5 is the currency worthless? So $25 an hour means nothing when the value of the dollar is so low.
Fuck unions.
youtube.com
Just posting this here for you boys. Should give it a watch.
Fuck off nigger.
Anyone noticed that the royal commission into the banking sector completely ignored our largest, most powerful and politically influential bank which happens to own all the most important ports and airports in the world, is slowly taking over everything, and is probably the sole private stakeholder in the RBA?
Reminder that these threads are driven by federal workers with the sole purpose being to misdirect users away from political coherence.
Implying you cant give your boss a big collective fuck off when you are in a union
After you include consumer price index and conversion rate the aussie on minimum wage is like 15% better off than a yank. America has plenty of unions too...
Let me guess, middle manger? Sorry that the Australian fuckwit union (AFU) disbanded, otherwise I'd suggest you join it. If you ever want to get it going again I'm sure you would get plenty of votes for national secretary
It has not popped, (((they))) can easily manipulate prices.
Although the odd union shitpost I dabble in, I'm all about political unity, across the board I dont think it is remotely achievable, but a new bloc of voters coming through that is just as big as boomers are the working class Male. History shows they can achieve unity, but how does it happen in modern day Australia
Still got a long, long way to go.
>historical average house and land to yearly income cost ratio is 3.5:1
>this means that, over an historical perspective, a home should cost you 3.5 years' worth of income.
>anything over 5:1 is unaffordable and should never be considered
It's sad how completely economically illiterate cunts are. Thinking that "buying" a house for 15x their yearly income and paying interest on their 100% finance is an "investment"
>conservative
what a faggot, basically a liberal that feels guilty
fuck off, all the white men need to become NEETs in order to hasten the collapse
changing the system from within is a trap
White Russians? What kind of faggot are you mixing dairy with alcohol? Just get some fucking beers mate, sort ya life out, fuckin hell
Of course that leads to inflation, it's fiat.
The problem with inflation is centerlink, because it's fiat..
Macquarie Bank is going to own the world.
>gratuitous self check
...nding niggers to run a train on your Grandma.
This shit is destroying this fucking country. Why do you think white birthrates are so low? How can you afford to have 3 or 4 kids when a house costs $900,000 and you need a 30 year mortgage to even hope of paying it off before you drop dead?
Drop the average house price to $300,000 and the white birthrate will skyrocket. Think of how "cheap" it will become to have kids once people don't need to pay for after-school childcare because Mr Wang wants his shekels.
Every day I wish for the bubble to pop even more. I want every person who bought a house between 2010 and 2018 to suffer 70%+ losses.
Haven't been here in like two years, are you people still idiots?
Birthrate is low because people are retarded. What's the point in owning property if you have no one to leave it to?
>t. 3 kids, rented house
Also doesn't help that boomers own 3 or more properties and didn't just give them to their kids when they grew up
The working class hold no power if they arent working. Sitting on your ass depending on the government only makes you more of a slave
In such a circumstances, of white males becoming neets, I think a bandaid solution will get put over it and everything will function semi normally but you've lost all your political power
>Australia
>relevant
Of course
youtube.com
Zionist Rabbi gives 1hour sermon about foreign cultures.
Come back when its comfy faggot
>Australian beer
kind of shit desu
I didn't want to believe it, but I had some homebrew a German mate knocked up and it was better than anything I've had that was domestic. Fucken homebrew, opened my eyes and knocked me sideways to tell the truth.
It was kahlua or gin for this weekend, I picked the sweet stuff. Next weekend I'm going to knock up a couple of southsides or just go with the traditional G&T.
Just had ubereats delivered by a cute asian girl in little shorts. I saw the profile pic when I ordered and was wondering if I was about to get my skull caved in.
It's much worse, it's now heavily infiltrated by federal workers and government funded shills
>working class have no power of they aren't working
>union shill doesn't know what a strike is
get fucked cunt
>What's the point in owning property if you have no one to leave it to?
What's the point of having a stake in your country's future if you can't buy a house, can't afford to have kids, can't get a proper job without selling your soul, and in the end will probably find it all pointless once "climate change" destroys the world like all the people on TV are saying?
Make houses cheaper and people will buy them, once they do that they will have kids. Even the issue of getting the foreigners out is secondary to this one.
I just saw someone say unions are bad because higher wages means higher inflation, fucking hell are you all as cooked as that or what
First thing to get cut when the money gets tight will be whiteboy neetbux, so get ready to starve
>not reffogibs or theyll jihad
>not boomergibs because theyre still the big vote block
>not abogibs because muhMabo
What u gonna do about it, neetboy?
This isn't even their final form. Start dumping information and see the reaction
Secondary you say
The muslims are going to have kids anyway, we can always force them onto the Qantas Express at gunpoint. We can't force white people to have kids at gunpoint.
If they dont have jobs, should have been clear. Obviously, a worker (working class, middle class) can only demonstrate power by withdrawing labour. But the working class voters block cant demonstrate much power if they are unemployed, relying on the government for hand outs. Of course they could cast a vote but they all sit in token Labour strong holds so a hundred thousand working class are represented by the one or two members in the house of reps
Grow my own food and shoot some bunnies
do some cashies
>feeding yourself is hard
only if you're a nigger
worst case, I'll steal food and go to prison
3 squares and a roof over my head, even get an education and an allowance in there to buy smokes and cordial and milo and shit, I heard.
Would I be correct in assuming these people here are into how Jews are some nefarious conspiracy and the biological inferiority of other races and so on? Or is it just standard Pauline Hanson scared of Muslims and the Chinese are buying all the land kind of thing?
>workers demonstate power by removing participation
>d-don't do it on a wide social scale goy
yeah, get fucked cunt
You cant strike when youre on the dole, dickhead.
are you saying jews don't shit up every place they infest?
I'm not on the dole
Everyone should be though
Lets see the government print more money to handle that
You want a housing collapse, that's the way to go about it.
unions are bad because they're full of rent seeking shit cunts looking for an easy ride to a government pension as an ALP backbencher and are willing to sell out any and everyone they're supposed to be representing to make it happen.
The wage inflation argument might have a leg to stand on if we didn't live in a country with a 0% reserve rate, allowing every bank branch in the country to infinitely multiply currency supply.
Because the working class are all going to sit on the dole and magically change things
Compared to if union membership hits 40% (was this high in the 1990's) and striking regarding political causes, and with money accumulated from membership dues use it to fund political parties that have their interests in mind
They're into Kentucky fried chicken
infinite growth is a meme
populations rise and fall, expand and contract
filling in the contraction phase with niggers to prop up some arbitrary economic abstract makes things worse for everyone
everyone that matters, that is
A few bad apples spoil the union alp affilation, I dont necessarily advocate for sporadic membership of a nation wide union, but the membership of a local union with community dues at the forefront rather than any political affiliations
>fund parties that have their interests in mind
Impossible. If a union already exists in your sector it is illegal to form a competing union.
All the unions already take sorosbux from getup and support the alp/green alliance.
Im fifo so im neet as fuck today
>unions are bad because they're full of rent seeking shit cunts
Rent seeking for workers at the expense of employers is actually 100% good
> an easy ride to a government pension as an ALP backbencher
Have to be a backbencher for about 20 years to get a government pension, which is basically nobody
>The wage inflation argument might have a leg to stand
Prices only increase by a third of what wages increase by
> allowing every bank branch in the country to infinitely multiply currency supply
Not how anything works at all, and fractional reserve banking is a good thing anyway
It's not possible, see
political parties have lost their mandate
all about perpetuating the party, not issues
the easy way to fuck over the rigged game is not to play
stop participation, make the cunts sweat
When did I say that we should bring in more niggers? The way it's going right now, the white population is going to rapidly decrease thanks to people not having kids while the non-white population is going to rapidly increase thanks to high levels of immigration and their natural tendency to breed like rabbits.
We need to level out the white birthrate first. I don't think anyone here would have a problem with going door to door in Western Sydney when the time comes.
The interesting thing in Straya is that we dont have enough actual 4x2s for all the Jewing that goes on.
(It's probably too hot for their Polack dressup shite outside their little dens in Caulfield and E.Sydney)
So, here we have non-jew cunts jewing us as well.
>fractional reserve banking is a good thing
a deposit means the bank owes me money
a loan means the bank credits the borrowers account with money they created out of thin air
>this is a good thing
Because Macquarie isn’t a retail bank, of course it wasn’t going to show up. Not trying to shill for banks here but we basically did a royal commission into four companies who every Australian uses. Of course there was some shady shit turned up. You would get the same for a Royal commission into any other mass market product: lawyers, car salesman, real estate agents, doctors etc etc.
>a deposit means the bank owes me money
A good thing
>a loan means the bank credits the borrowers account with money they created out of thin air
A good thing
Any more questions?
You guys are marginally overblowing this. Yes the recommendations are going to redefine how banks and regulators operate, but it certainly won't be the start of a recession. The government will not implement policies that crash the economy with an election coming up. Is there a way to talk about this issue sensibly on a platform like Jow Forums? Probably not, you illiterate "whats for dinner" and "JUST'd" posters don't have a fucking clue.
>not how anything works at all, and fractional reserve banking is a good thing anyway
Banks are allowed to lend (create new currency) a fraction of the deposits they have on hand. The percentage of a deposit they have to keep is termed the "reserve". This was mandated as a result of the bank runs of the late 19th and early 20th century. The "reserve" is determined to guard against bank runs, ensuring that any branch will have enough cash on hand to pay out reasonable customer demands.
The invention of digital banking has made bank runs and the fractional reserve near obsolete, as banks don't need to have cash on hand for depositors to access their funds.
The reflection of this can best be found in Australia which holds a 0% reserve rate. This allows Australian bank branches to loan 100% of the deposits on their books.
As each loan is then deposited back into a bank, the cumulative effect of a 0% reserve rate is to put no upper bounds on the multiplication of any dollar, so long as the currency remains in a digital format.
It is kikes like you -destined for the rope that you are- that are fucking over this nation with your utter contempt of reality.
I wonder if the Libs will call an election before May and try to dump the blame on Labor when they win.
Worker participant would morph the union, they are members based organizations and after such a thing is done they can fund whoever the fuck the want. The funding depends on your membership base as most people in unions are elected to power, unions that are currently already established share industries
Not a new trade union, but the local aspect of the existing one, in my area it would be the awu, they have the local community at the forefront of issues not politics
The Australian working class Male has been at the forefront of most political changes in this country, the miners at Eureaka were responsible for the birth of democracy in this country. I think more can be accomplished by having a back bone and doing the hard yards than no playing at all
>The government will not implement policies that crash the economy with an election coming up
Unless they plan to lose it an estimate that the effects won't be experienced until after the election.
Never underestimate the craftiness of the boomer-jew to fuck over someone just because they can't get their own way
>sort out the birthrate
why?
population doesn't matter as much as whites having their own spaces
overpopulate and you end up with shitholes like India, China and the nignog motherland
traitors are an issue, sure
a nation can't survive them
>Worker participant would morph the union
Do you know how I know you've never belonged to a union? You write absolute BS like that.
>t. sat and watched a union rep tell us why it's such a good deal that unskilled laborourers will now get the same money as us instead of us getting the pay rise we were striking for, while our paperwork load would triple.
>that union rep mysteriously had a $1.4million home in Sydney's northern beaches bought for them by the mining company they screwed us over for
>ALP controlled government (at that time) backed up the union 100% and threatened us with arrest for illegal industrial action if we didn't return to work.
I did not pose a question
but I will
Why is a bank being able to create money out of thin air a good thing?
Im a globalist and a nationalist im the old captains of industry with judeo/Christian values but im getting out breed by immigrants and my industry is sold to multi nationals my farms to china as well as houses to the Chinese middle class who know ghost cities dont pay the investment but groath is important so new units must go up to house the immigrants the restaurants and infrastructure must go up its profitable it's great . .im a born Australian who tried to open a steakhouse at the bottom of these new units and was told I can't because it wouldn't be successful due to the demographic culture in the area there is only chinese shops there now and 1 chemist .
The insurance companies are not stupid and raised the rates in my area because it was flooded with asians (the insurance lady couldn't say it openly but said "most likely" when I asked if it was due to the change of demographics)
I can go on for hours but if you don't see the problems with this then I can't help you
>infinite growth can continue forever and ever
taking bets