daletournier

@DonDurrett His tolerance is irrelevant, burn the economy or destroy the currency they're his choices. Can't undo decades of debt saturation pain free.

No tolerance? Do you believe him? I don't. Watch what they do, not what they say. The Fed's priority is not inflation. Instead, it's stability. We can live with inflation. We can't live with instability. Thus, preventing a meltdown is their priority. But they can't say that. 😉

@ctindale But this goes for most. Many credit their finnancial success to intelligence and hard work when in reality it's been place and time. There's a large number of average IQ Australians that are millionaires plus.

Would PTJ have done well in another century ? . I know he’s famous for understanding the fiat macro trade and the asset inflation offshoring trade . But that’s not the trade any more. Now we have this fragile multi polar weaponised supply chain , maybe everything has to change and it’s not about the “ trade” anymore . There’s a deeper point here and I’m not sure the answer but the so-called free trade philosophy can be gamed , it’s good to optimise your returns but the maintenance of a cohesive state is ultimately the goal . It’s not Elon whose later French Revolution it s PTJ. Yes, he can tell us which way the wind is blowing, but that’s not what we need

@DonDurrett @AlbFerracuti It's their number one leverage, their number one objective is to reveal the US as " the emperor has no clothes on" via economic fragility

@AlbFerracuti Controlling the Strait seems to be their #1 objective.

Two ways this war ends: 1) We bomb and walk away, declaring victory. 2) We bomb until Iran is ready to make concessions.

@mog_russEN It seems likely

DID RUSSIA JUST ELIMINATE WARMONGER LINDSEY GRAHAM IN KIEV? The US Senator who famously called killing Russians "the best investment we ever made" has died at 70 following a "sudden illness" right after his trip to Ukraine. The 48-Hour DEATH TIMELINE is too wild to ignore: 👇 1- Graham meets Zelensky and tours a "hidden" drone manufacturing facility in Kiev. 2- Hours later, the Russian MoD launches a devastating missile attack, completely OBLITERATING that exact factory. 3- Simultaneously, Russian precision missiles leveled a high-profile hotel in Kiev packed with top NATO commanders—where Graham was reportedly staying! 4- Graham instantly "dies suddenly" right after returning home. He wanted to bring "hellish sanctions" to Russia, but it looks like he went straight to hell instead! Did a Russian strike catch him in the drone factory or the NATO hotel, or did someone in Washington send him there knowing the missiles were coming?

@ctindale I wonder where we rank in personal debt or household debt?

Some comments are gold in that they capture your point and the public’s general belief for you unintentionally . The comment : “It still looks better than most if you look at the DATA” A very authoritative rebuttal that came with its own chart ! so let’s look at the “data” UBS “wealth per adult” marks household assets to market and in Australia the household balance sheet is roughly 70%+ dwellings and superannuation. The number is the bubble, photographed at peak valuation. So it’s a perfect picture of the Ponzi . Japanese households were the richest on earth in 1989. Irish household wealth peaked in 2007, months before the collapse. A high median-wealth ranking driven by residential property is a leading indicator of the crisis, not evidence against it. Now Japan’s median wealth is 24th and their median wealth is 10th . The Irish went from No1 in 2007 to 17th in 2026 . Their median wealth is now 19th . Median Australian wealth is a house you must live in plus super you can’t touch until 65. The liquidity test: strip owner-occupied housing and preserved super and Australia falls down the table. Meanwhile the flow-side numbers , the ones that measure the actual economy , show per-capita GDP recession, collapsed household savings ratio, and household debt-to-income near the highest in the OECD (roughly 185%). Rich on the asset debt inflated balance sheet, bloody broke in the reality . Which is financial stress: the wealth and the stress are the same number viewed from opposite sides of the ledger. Australia ranks #3 on median precisely because homeownership is broad-based , the bubble IS the middle-class balance sheet. The median voter’s entire net worth is a leveraged bet on house prices. Australians are financially illiterate , stressed and about to cop an economic hiding . No government or central bank can allow deflation, so every policy lever (immigration, tax settings, RBA) is conscripted to defend the BS . High median wealth isn’t a refutation of the Ponzi; it’s the mechanism that makes the Ponzi politically irreversible. It’s a causal-loop that 90% can’t see: broad ownership signs up an electoral veto on correction which instigates RBA immigration and government policy props which causes higher prices which more deeply ingrains the Ponzi paper wealth which results in even a stronger veto against falling house prices . So we raise immigration and build even harder ? . But the median calculation across all adults conceals that the wealth sits with over-55s who bought pre-bubble, while under-35s hold the debt side of the same transaction. The chart’s $211K is an average of two different countries occupying the same landmass. The poor young folk and the rich older folk . Not to mention the all the Indians that have probably thrown their life savings into the Ponzi scheme . Have we got a deal for you ! If we don’t have very high immigration the Ponzi collapses , the young folk get wiped out and the inheritance from mum and dad collapses , if we do keep up the immigration we can’t provide the infrastructure because the aging demographics will cut tax receipts so the government can’t keep building it .

@MarkTattam @ctindale Nothing at all. They will choose currency destruction over economic destruction......until they can't.

@ctindale Bang on. So whats preventing the money printer to fire up, stimulus checks rolled out, FHB incentives introduced and migration increased. Form says this is whats coming.

The Australian economy isn’t working anymore , it’s collapsing and only being held together by foolish govt debt based life support. Like 80% of NDIS spending . Instead of building real industries or raising wages, we’ve turned the whole thing into a giant real-estate Ponzi scheme. House prices keep inflating, people borrow against that paper wealth to keep spending, and the entire “growth” story now depends on ever-rising debt. The RBA is actively pushing the financialisation of housing so ordinary wages get sucked straight into the banks. Central bank independence isn’t working for Australians it’s working to financialize workers wages for benefit of the banking sector . Banks don’t create any new wealth , they’re just unremarkable middle-men skimming rent from the rest of us. It’s a classic debt-enslavement trap. To hide how broken the system really is, governments have opened the floodgates to mass immigration. It pumps up the GDP numbers, props up the housing bubble with more buyers, and creates a bigger pool of voters for short-term political gain. And the money doesn’t even stay here: in 2022 alone, Australians sent USD 6.546 billion overseas in remittances , enough to rank Australia among the world’s top 25 remittance-sending countries and equal to 1.4 % of all global remittances. That flow has grown faster than the global average since 2000, with the biggest shares going to China, India, Vietnam and the Philippines, plus major contributions to Pacific island economies like Tonga, Samoa, Vanuatu and Fiji. In other words, Australian wages are now subsidising foreign economies while the same immigration surge drives up rents and house prices at home. It’s a cynical, disgraceful tactic: use immigration to paper over an economic crisis and rig the electorate, while the country’s long-term social fabric, infrastructure, wages and affordability are quietly destroyed. The supposed “growth” is mostly just more people and more debt , not prosperity. Sooner or later the bubble pops, and the bill lands on ordinary Australians. Sooner has arrived .

@ctindale Fake, but not wrong.

Completely normal

@blockchaingod69 @matt_barrie @samstrades Commercial banks lend money into existence. Imo few understand this. A ponzi scheme can't be tapered.

@matt_barrie @samstrades Yeah home loans are just new currency printing essentially I can’t believe the rba doesn’t even acknowledge this

'Australians keep cutting back, inflation still won’t die' #ausbiz #housing #inflation macrobusiness.com.au/2026/07/austra…

@SpachusAus Real estate went up during covid with zero immigration. It's been credit driven.

We keep seeing claims that immigration is the main cause of Australia's housing crisis, but the data tells a more complex story. Over the past two years, 42% of all new home loans have gone to investors. At the same time, housing demand has fallen significantly, yet immigration has remained high. If immigration were the primary driver, why has demand cooled while migration has stayed elevated? Immigration has certainly contributed to housing pressures, but the evidence suggests it isn't the leading factor. We need to base the conversation on facts, not assumptions.

@adam_lantz @GuruAnaerobic Also do you know any healthy prior to covid non vaxxers that died, please be honest.

@dalembah @GuruAnaerobic letmegooglethat.com/?q=antivaxxers…

....

@adam_lantz @GuruAnaerobic Explain to me how did I suffer from not being vaxxed? How am I worse of than you? I didn't die and I didn't get ill. What was the downside for me? Genuine question.

@adam_lantz @GuruAnaerobic You actually believe that? I don't know one. In fact the only people in my immediate circle that ended up in hospital were vaxxed, like my very fit young adult step son. At what point do you believe your eyes?

@dalembah @GuruAnaerobic Uh, a lot.

@USDTreeShaker @adamtaggart @JackBlackm67341 @AprilUnwrapped It's pretty impressive that a comment on X can be compared to kicking a guy in the dick & running way, not to mention the screwing farm animals dig, which i thought was just embarrassing. Obviously I live in a different world, things aren't quite as delicate here.

@dalembah @adamtaggart @JackBlackm67341 @AprilUnwrapped The point is that healthy discussion on the these topics is a good thing and you ran up, kicked the guy in the dick, and bounced. Whats the point in that aside from being a turd.

If these terms of the US-Iran MoU are accurate, I'm underwhelmed Yes, if it does indeed prevent Iran from having nukes for the next few decades, it's a "win" for the world But not much else in here that limits Iran's historic role as a bad actor/destabilizer No limits on funding terror proxies that I can see. And no guarantee that it won't close the Strait again. Or attack its neighbors. finance.yahoo.com/economy/policy…

@USDTreeShaker @adamtaggart @JackBlackm67341 @AprilUnwrapped Who's debating?

@adamtaggart @dalembah @JackBlackm67341 @AprilUnwrapped 👀 Adam getting riled up…seriously tho…how do you debate “you made so many wrong statements”…. “name one”… “nah”. Dafuq

@BarRed321 @adamtaggart @AprilUnwrapped I'm glad you got Adams approval.

@dalembah @adamtaggart @AprilUnwrapped Well Adam liked it but if you can't see the irony of you putting wrong and spell you're wrong then I can't help you....

@adamtaggart @JackBlackm67341 @AprilUnwrapped Abit disproportionate don't you think? Have you been to Iran Adam?Or any Muslim country?As one that has spent 12 years travelling full-time I no longer have the luxury to view things in simple terms like "evil",different yes. When one's world view starts there distortion follows.

How would you like it if I made an unsubstantiated ugly claim about you? Maybe that you cheat on your wife. A lot. With farm animals. And by your logic, I don't need to provide any supporting evidence. You're guilty, unless you provide an exhaustive accounting of your whereabouts over the past 3 months that *might* make readers change their minds about your obvious scandalous peccadillos. See? Isn't this fun?? Jerk.

@adamtaggart @bryantkeefe @JackBlackm67341 @AprilUnwrapped Wow, this is going down hilll fast.

@bryantkeefe @dalembah @JackBlackm67341 @AprilUnwrapped 🤣

@BarRed321 @adamtaggart @AprilUnwrapped Interested to know what you got out of that? Thanks.

@dalembah @adamtaggart @AprilUnwrapped You're*

@JackBlackm67341 @adamtaggart @AprilUnwrapped No one's asking Adam to do anything, in fact is was the other way around. And " whataboutism" somehow gets used to dismiss someone's argument yet is often relative, but this has nothing to do with my initial comments. People have strong biases that alter that poisons their view.

@dalembah @adamtaggart @AprilUnwrapped Here's the problem, if Adam attempts to defend anything, the goal post moves or he will hit with whataboutisms. It's a huge waste of his time.