The Immaculate Deception
41.3K posts
@DeceptionImmac
Author of How I survived Daniel Andrews. Generational Bluebagger Bunorong land holder. And no you cant have it back. 🇦🇺
Australia has plenty of gas, but most of it is in the Northwest Shelf, isolated from the populated east coast. The West-East Pipeline would unify the national market, connecting cheap WA gas to the expensive eastern states. A 2017 feasibility study estimated construction would take two years and cost $5.8 billion, and reduce east coast gas prices by $3/GJ - a benefit of over $2 billion per year! That’s narrow peacetime benefits only, ignoring the project’s strategic value and national resilience. If coupled with a gas-to-liquids plant in South Australia, it would underpin true liquid fuel security for a nation increasingly aware of its dependence on maritime trade.
JUST IN: NASA announces $20 billion plan to build permanent moon base
These liberal morons deserve to be obliterated, numerous countries are going through very minuscule population growth (below 0.5%) or even negative population growth, #USA, #Canada, many others such as #Lithuania, #Hungary, countless European countries, Yet we've suffered worst drop in living standards (GDP per capita) then all of 38 country OECD group for the past several years #Switzerland wants to cap it at 10m to alleviate pressure on infrastructure and housing Angus and other politicians are utter fkn morons spruiking the end of the world #ausbiz #Liberals #Angus
Our interest rates are soaring through the roof, Aussie bond yields breaking out higher. Many readers didn’t understand my comment “Aussie Dollar is going to crash” in that context. If you understand to what lengths our government will go to protect the realestate ponzi bubble, you’ll understand what I mean. Yes, in normal conditions higher rates attract more demand for the AUD. These are less than ideal conditions- we’re on the brink of most families not being able to afford their homes with most mums AND dads working 9-5 jobs to support their family. Most income goes into paying off the mortgage. Nobody wants to live out west if they can avoid it, where it’s just roads and rectangle boxes built en mass. Even still, it’s not even cheap out there. $1.5-$1.8m won’t get you much. Now as rates are forced up, as soon as our house prices slip the government will need to intervene and print billions of dollars to artificially control and lower rates in short term markets. 1 and 2 year. This will inevitably send 10 year yields even higher but severely dilute the Aussie dollar. And thus, I believe strength in the AUD is short lived as the reckoning approaches.
History in the making...
