So "In 5 Years' time we'll all be driving Chinese cars" - how's that working out?

[Franco Cozzo]

Originally Posted by Sprintey

I think Franco means the damage done in the last 30 years being unbelievable in relation to really, really stupid decisions that lead to situations like this:

https://www.macrobusiness.com.au/202...gas-emergency/

Not so much Trev's individual purchasing decisions, but rather decisions made by the older generations - that includes mine, if you look at who was in power when the gas offtakes were signed!

We are 2nd largest gas exporter in the world btw, were largest last year.

Basically this, not specifically Trev

I (and your children) didn't elect the people who made the poor decisions that we live with

There won't be an aged pension system for me, however I currently make up 40% of the registered voters so I'm getting close to being able to take yours away from you

[roKWiz]

Originally Posted by Franco Cozzo

Basically this, not specifically Trev

I (and your children) didn't elect the people who made the poor decisions that we live with

There won't be an aged pension system for me, however I currently make up 40% of the registered voters so I'm getting close to being able to take yours away from you

I think you've been through a few elections since.

[Franco Cozzo]

Originally Posted by roKWiz

I think you've been through a few elections since.

Yep, and in the last election, primary votes sitting in the 30% mark for both majors, to the point that the two party preferred system is right on the cusp of not working a d there's minor parties being able to wedge the government on policy and block it.

Next year is going to be interesting, hopefully single term government or even more gain from independents and minors because it'll force hands.

[FTE217]

Originally Posted by roKWiz

I think you've been through a few elections since.

That his gen has as well but nothing like poking the fire for fun.
Obviously not on Trev at all but it has been the last 30 at least but who’s counting haha
We were never going to support ourselves in the first place but Govs past to present haven’t changed but look after themselves and sell our resources lower than we have to pay as Sprintey shows on one of them.
Utter joke.


Sent from my iPhone using Tapatalk

[.:4:.]

Dunno why, but this topic of discussion reminds me of this

https://youtu.be/nFIyOEE-S6I?si=sqXNqpxQNc-NfJnJ

[roKWiz]

Originally Posted by Franco Cozzo

Yep, and in the last election, primary votes sitting in the 30% mark for both majors, to the point that the two party preferred system is right on the cusp of not working a d there's minor parties being able to wedge the government on policy and block it.

Next year is going to be interesting, hopefully single term government

Don't bother, our overloads at TikTok will be our next governing body.

[FTE217]

Originally Posted by roKWiz

Don't bother, our overloads at TikTok will be our next governing body.

haha and Franco's overlord tenures ahead no matter what they do living the dream in Thunderdome

[roKWiz]

Originally Posted by FTE217

haha and Franco's overlord tenures ahead no matter what they do living the dream in Thunderdome

That 12m Robert's Spray is looking better every week.

[Sprintey]

Originally Posted by Sprintey

I think Franco means the damage done in the last 30 years being unbelievable in relation to really, really stupid decisions that lead to situations like this:

https://www.macrobusiness.com.au/202...gas-emergency/

Not so much Trev's individual purchasing decisions, but rather decisions made by the older generations - that includes mine, if you look at who was in power when the gas offtakes were signed!

We are 2nd largest gas exporter in the world btw, were largest last year.

** An update, here's the history of the gas deals and it wasn't Gen X at the top making the deals, Howard is pre boomer, Rudd is boomer, and Gillard in last year of boomers, 1961. So there you go.

https://www.smh.com.au/opinion/how-a...28-gyqg0f.html

West Oz: Alan Carpenter (boomer) signed a gas reservation deal, and the West has cheap gas - well done Alan.

[Sprintey]

Originally Posted by Franco Cozzo

Basically this, not specifically Trev

I (and your children) didn't elect the people who made the poor decisions that we live with

There won't be an aged pension system for me, however I currently make up 40% of the registered voters so I'm getting close to being able to take yours away from you

There's some truth in that, some of us graduating in early 90s got the shaft hard and learned that things like this wouldn't be there so make sure you set yourself up independently as possible. When Gen Y got into decision making we got stuff like letting virus rip and killing lots of older Aussies so take Franco's threat seriously!

[Franco Cozzo]

Originally Posted by Sprintey

There's some truth in that, some of us graduating in early 90s got the shaft hard and learned that things like this wouldn't be there so make sure you set yourself up independently as possible. When Gen Y got into decision making we got stuff like letting virus rip and killing lots of older Aussies so take Franco's threat seriously!

The fun part is where everyone exists on the spectrum of:

A) Reaching aged pension age
B) Shuffling off the planet

Before things like universal healthcare, aged pensions and aged care funding gets cut.

[Sprintey]

It didn't have to be this way, go back to 1970 and note population and resources, establish some way of the citizens benefiting from the resources (like Norway), control population growth at say historical immigration averages (90,000pa) plus births, not implement the policies that drove house prices up as assets rather than homes, and retirement would be sweet for all, fully funded with good healthcare too, no homelessness.

One last gas article, from 2017

https://www.news.com.au/finance/econ...d57453cfca0167

"unique in it's sheer stupidity..."

Off topic on Chinese cars - unless you consider what powers the factories building them!

[Trevor 57]

Originally Posted by Franco Cozzo

There won't be an aged pension system for me, however I currently make up 40% of the registered voters so I'm getting close to being able to take yours away from you

bullshit - there will always be an aged pension, stop being elitist and stop with the scare-mongering. Not everyone has high paying jobs and can squirrel money away in their Super. I thought you were a socialist? Governments in Australia will continue to look after the people who just can't afford to look after themselves, this is Australia, not America

[Trevor 57]

Originally Posted by Sprintey

There's some truth in that, some of us graduating in early 90s got the shaft hard and learned that things like this wouldn't be there so make sure you set yourself up independently as possible. When Gen Y got into decision making we got stuff like letting virus rip and killing lots of older Aussies so take Franco's threat seriously!

Keating was the one of the first to realise that the Baby Boomers coming through the system were going to be in greater numbers than those that came after them so that is why he pushed hard the Superannuation system. Then those Super companies started the scare-mongering of 'there won't be a welfare system in the future to pay you an aged pension', they did this to prop up their products - it was utter bullshit. The only thing bad us Boomers did as a generation was to not have as many kids as the previous generations did, that is what has set up our migration policy and didn't feed as many tax-payers into the system. I lived through this scare-mongering. (We did contribute 4 kids to the system - but we were mostly the odd ones out)

People like Franco need to move into the real world and move away from the computer screen he seems to spend most of his day in front of and reading all the 'chicken-little' stuff. He looks like he has gone from the Left to the Right in recent times

[PG2]

Originally Posted by Trevor 57

...

People like Franco need to move into the real world and move away from the computer screen he seems to spend most of his day in front of and reading all the 'chicken-little' stuff. He looks like he has gone from the Left to the Right in recent times

This is not having a go at you Trev, I only quoted your post as reference.

Franco is nothing more than a on-line persona.

The person that has created Franco (I won't say his real name on here) is quite intelligent, probably too intelligent for his own good if there is such a thing, who you can hold a very well thought out conversation with.



Guys, while it is being civil, I will let the thread run (way off topic mind you), but if it gets out of hand it will be closed immediately without explanation.

DON'T BE THE PERSON WHO WRECKS IT FOR EVERYONE ELSE!!!

[T3rminator]

Originally Posted by Franco Cozzo

There won't be an aged pension system for me

I reckon I've got 5 years, maybe a bit more?, on you but I share your sentiment. There won't be a system as "generous" as the one currently available when our time comes. If anything, it'll more likely be a "top up" on a part time job that will be needed. Good luck if you are banking on it for your retirement.

I also fear for the super system for the generation after ours. You can see they are already looking to tweak it, allowing people to raid it to help prop up the economy. How many in their 20s took out the $20k during covid to use on discretionary spend? Good luck!

Whats funny is that there is a generation that enjoyed one of the biggest boom times, saw their wealth and standard of living increase like never before, benefits which were contributed by massive trade surpluses, are now lecturing younger generations that they should feel guilty for wanting the same.

So going back on topic somewhat, if having chinesium products means people can feel that they can bridge the gap between the haves and have nots, then who is to judge

[Sprintey]

Agree T3minator, I'm probably a bit older still but can see all this happening.

[Sprintey]

Originally Posted by T3rminator

So going back on topic somewhat, if having chinesium products means people can feel that they can bridge the gap between the haves and have nots, then who is to judge

Regarding this point, that's the death spiral. I got the same good cheaper so I saved half the cost. More money for me which I spend, or ideally save. Enough of me make the decision, the domestic producer of the product sees slowing sales and either closes or lays off staff. Those people now don't have those incomes to purchase the product at all. Enough of that happens and we see poverty.

Currently this is masked by high employment, strong demand for our commodities, high demand for services and goods through population increase.

[Trevor 57]

Originally Posted by T3rminator

Whats funny is that there is a generation that enjoyed one of the biggest boom times, saw their wealth and standard of living increase like never before, benefits which were contributed by massive trade surpluses

Please explain how any of that is our / my fault. I am interested to know your take on it

[T3rminator]

Originally Posted by Sprintey

Regarding this point, that's the death spiral. I got the same good cheaper so I saved half the cost. More money for me which I spend, or ideally save. Enough of me make the decision, the domestic producer of the product sees slowing sales and either closes or lays off staff. Those people now don't have those incomes to purchase the product at all. Enough of that happens and we see poverty.

Two types of consumers in this scenario. Ones that have the capacity to buy the more expensive stuff (assume local), but choose to go the cheaper stuff (assume imports). And ones that get to choose between the cheaper stuff or go without. The latter is becoming the norm. Like you said, its a vicious circle. Local producers then struggle, often relying on capital injection from foreigners or die. Then that starts the debate around foreign investments.

On what consumers will buy will almost always come down to value for money. One thing I notice is that the stuff that we produce, we sell at a ridiculous premium locally. Every where else I've travelled, the locally produced stuff is always the bargain! I don't get it, we shoot ourselves in the foot. Why am I paying $14/kg for roo mince? Why are fresh rock lobsters $90/kg?!?! (sorry, no automotive comparison cos we don't produce any longer)

Originally Posted by Trevor 57

Please explain how any of that is our / my fault. I am interested to know your take on it

No specific fault being directed at you. Was a general observation, based on personal experience of late, which highlights some hypocrisy.

Its a bit like the advance nations having reaped all the benefits from fossil fuels, and then now telling developing nations they can't do the same . Good luck with that one.

[Itsme]

Originally Posted by Franco Cozzo

Basically this, not specifically Trev

I (and your children) didn't elect the people who made the poor decisions that we live with

There won't be an aged pension system for me, however I currently make up 40% of the registered voters so I'm getting close to being able to take yours away from you

By the time you retire your super will be giving you a better living standard than the pension, you won't need the pension as we know of it.
Cheers.

[Dr Terry]

Originally Posted by Itsme

By the time you retire your super will be giving you a better living standard than the pension, you won't need the pension as we know of it.
Cheers.

That only works if you were employed & paid taxes. What about dole bludgers ?

They spend all of their life avoiding employment & then we have to look after them in retirement. We have suburbs in Sydney with 3 generations of these critters.

Dr Terry

[Itsme]

Originally Posted by Dr Terry

That only works if you were employed & paid taxes. What about dole bludgers ?

They spend all of their life avoiding employment & then we have to look after them in retirement. We have suburbs in Sydney with 3 generations of these critters.

Dr Terry

I don't worry about dole bludgers, if they want to live on an income below the poverty line that is their business, all I know when I retire in next 12 months, I will be comfortable without worrying about meagre government handouts to exist.
Remember you reap what you sow.

[Franco Cozzo]

Originally Posted by Itsme

By the time you retire your super will be giving you a better living standard than the pension, you won't need the pension as we know of it.
Cheers.

Either did the people who went through the best times this country has ever seen, with opportunity everywhere, but here we are with a $50B+ yearly invoice for aged pensions

Given we're the first generation to go backwards in living standards compared to our parents, I'm curious to see what the 2050s are like for us, loaf of bred will probably cost 600x 'federation credits' or something

One of the guys at work, graduated university 5 years ago and owes more money on his HECS debt now because it indexes annually, than he did when he graduated

[Franco Cozzo]

Originally Posted by PG2

This is not having a go at you Trev, I only quoted your post as reference.

Franco is nothing more than a on-line persona.

The person that has created Franco (I won't say his real name on here) is quite intelligent, probably too intelligent for his own good if there is such a thing, who you can hold a very well thought out conversation with.



Guys, while it is being civil, I will let the thread run (way off topic mind you), but if it gets out of hand it will be closed immediately without explanation.

DON'T BE THE PERSON WHO WRECKS IT FOR EVERYONE ELSE!!!

If only more people came to AFF Heathcote, they could have seen how serious I take myself decked out in all my merchandise

[MITCHAY]

All I know is I deal with reality rather than what I wish things were. A lesson these kids need.

On topic I avoid buying anything Chinese made let alone a EV where practical but the reality is we can't avoid it all together.

I won't buy any car made there on principle. But like everything else, that might not be a choice in the future.

[Trevor 57]

Originally Posted by Franco Cozzo

Either did the people who went through the best times this country has ever seen, with opportunity everywhere, but here we are with a $50B+ yearly invoice for aged pensions

as a full time taxpayer since the age of 15, what's the problem? I contributed to the growth of the country for 51 years and I contributed a LOT to the ATO over the years and now you sook because I want an age pension. BTW, I am mostly a self-funded retiree.

With all your blustering you seem to miss a lot of facts Franco

[Trevor 57]

Originally Posted by Franco Cozzo

Given we're the first generation to go backwards in living standards compared to our parents, I'm curious to see what the 2050s are like for us, loaf of bred will probably cost 600x 'federation credits' or something

oh, so my parents living trough the great depression didn't do it as hard as you - right. FFS sake man get your facts right and stop navel-gazing

[Trevor 57]

Originally Posted by Franco Cozzo

One of the guys at work, graduated university 5 years ago and owes more money on his HECS debt now because it indexes annually, than he did when he graduated

he signed on the bottom line to take on the debt, he didn't have to go to Uni. In fact, is he actually using that Uni qualification now, my bet he isn't

[Trevor 57]

Originally Posted by Itsme

I don't worry about dole bludgers, if they want to live on an income below the poverty line that is their business, all I know when I retire in next 12 months, I will be comfortable without worrying about meagre government handouts to exist.
Remember you reap what you sow.

here here