IndyWatch Australian Economic News Feed Archiver

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IndyWatch Australian Economic News Feed was generated at Australian News IndyWatch.

Sunday, 16 July

18:11

A counter-seasonal surge in listings Pete Wargent Daily Blog

Aus Property Podcast

This week on 2-Sense, Chris Bates and I discussed the counter-seasonal surge in listings, analysing who is selling, where, and why.

Tune in here (or click on the image below):

14:00

Australian Dollar and Bitcoin "IndyWatch Feed Crypto"

1.00 AUD = 0.00002 BTC
0.00010 BTC = 4.40 AUD
Converter

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Saturday, 15 July

10:30

Where is the Political Saturation Point? Daily Reckoning Australia

The level of government intervention in our economy and society is rapidly approaching its saturation point. It is now no longer possible to do much of anything without political considerations dominating the decision to act.

Whether you risk being in breach of a long list of obscure laws, face a vast compliance burden that makes the activity pointless to pursue, face politically favoured competition, are subject to selective enforcement of rules, or have to grease the wheels in order to get anything done, the government now has so many of its fingers in so many pies that there is no pie left to eat.

This has terrible implications for our prosperity in the future. But I better explain what I mean

Alternatively, if youre not in the mood for a long-winded explanation, try helping a child open a lemonade stand on your street corner. Then you can learn the hard way what Im on about

For those of us who have an inkling of whatll happen to children attempting to be entrepreneurial and decide to stay safely on computer screens instead, here are some examples of what I mean from around the world.

Australias new gas code, which had halted new gas developments out of fear, is now likely to find support from producersafter certain exemptions for certain gas developersbut not others.

Did you get your exemption from such government policies which make business unworkable?

The car company Ford recently received a US$9.2 billion loan from the US Government to help it develop EV manufacturing plants. Others competing with Ford went without.

Did you get your government loan to support you?

Here in Australia, but I presume elsewhere too, businesses cant start up unless theyre in the right development zone for their chosen industry, whether its aquaculture or wind farms. Not necessarily by law, but by inconvenience and costs, which are only relaxed in the permitted areas, making those industries only viable there.

Of course, the government makes such favoured zones seem like a benefit. But theyre really an imposed cost on the rest of the country.

Are you in the right development zone for the work you do? Or are you disadvantaged by being subject to the full flight of the law and regulation?

While new nuclear energy remains banned in many places around the world, burning Canadian wood is a popular form of environmentally friendly energy in Europe.

But burn your own local wood in your own house to keep warm, and youre in deep trouble with the government

Not satisfied with promoting EV manufacturing with loans and subsidising EV sales, governments are now imposing petrol and diesel car sales bans in the future.

But will there be enough EVs for all of us? Or will some have to go without them as copper, cobalt and lithium spike in price? No doubt governments wont have trouble securing car fleets

Bank failures are a political decision now too....

10:30

The Green Fraud: How Climate Alarmists Are Scamming You (Part One) Daily Reckoning Australia

Thats what we will detail in this series of articles as we explore one of the most fraught and contentious issues of our time.

Of course, we are not the Journal of Climatology. Yet, the linkage between climate change and markets could not be more direct.

What the greenies want

Those yelling the loudest about climate change want to destroy the oil and natural gas industry, destroy nuclear power plant construction, shut-down coal-fired plants, end coal mining, mandate electric vehicles (EVs) on very short deadlines, eliminate gas stoves in your kitchen, fireplaces, and even outdoor barbecues.

They also want to build wind turbine arrays offshore and on deserts, plains, and even mountains near you. They want to install solar module fields on every rooftop and open space near a population centre.

The climate change radicals want to increase the mining of lithium, nickel, cobalt, copper, rare earths, and other dangerous chemicals to feed their obsession with EV batteries.

Theyre spending hundreds of billions of tax dollars to subsidise the EVs, battery manufacturing, and a coast-to-coast network of charging stations to keep the EVs moving (even if they do have to stop for a charge every 200 kilometres).

The greenies want to mandate 15-minute cities where you can walk everywhere in town within 15 minutes, which means you wont need your car to visit a doctor, dry cleaner, grocery store, pharmacy, or any of the other locations we routinely visit for errands and necessities.

That may sound attractive if you choose it voluntarily. Thats not what the greenies have in mind.

They want 15-minute cities as Trojan horses to eliminate automobiles entirely and force you to ride bicycles or use public transportation.

In the end, youll need a permit to fly to another city. The permits will be rationed, and youll have to put yourself on a waiting list until your turn.

You can pay for your ticket with the new central bank digital currency (CBDC), assuming your social credit score is high enough and you didnt vote for the wrong candidate in the last election.

In short, the climate change agenda is not about climate change. Its about total political and economic control of the population.

So-called climate change is an elite scare tactic to get you to fall into line and obey government orders (as most people do).

Fear prompts obedience

The recent pandemic was a trial run to see if citizens would follow orders that made no sense based on fear. It worked.

Practically everything the government said about the pandemic was a lie. Yet, people obediently followed orders from frauds like Dr Anthony Fauci, who helped to finance the creation of the virus in a Chinese laboratory in Wuhan.

Children suffered worst of all becaus...

Friday, 14 July

15:59

Monochrome Bitcoin ETF gets filed to Australian securities exchange "IndyWatch Feed Crypto"

The CEO believes investors will be inclined to seek exposure to Bitcoin in a more familiar, structured and protected regulatory environment.

IndyWatch Australian Economic News Feed Archiver

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