gearbox

I think the government should abolish it for any new retirees from 2033 onwards, the compulsory superannuation should have been in place for 40 years by then.

It is not entitlement, it is welfare. The motive to go away from the current system usually 99% is lack of money.

Their hate almost looks like love compared to most of the other countries in the world.

https://www.bloomberg.com/news/articles/2025-01-05/aussie-bears-see-drop-to-60-cents-as-trump-readies-china-tariffs However the Aussie movements are notoriously hard to predict, a number of "experts" were wrong last year.

In most of the countries of the world the pension is not based on lifestyle, it is based on age, number of years worked, and the size of pension contributions. Sooner or later the Aussie OAP will be retrofitted in this way.

Give him a bit of slack. That's his life, he has nothing else to do. Plus he is entertaining from time to time.

And if I'm a buyer why would I care what the seller can or can't afford? The Chinese are competitive and sell. Latin America needs a lot of infrastructure as well, the Chinese have mastered this subject. Look at the new port in Peru. I suspect some of the cherries and blueberries in Macro are coming through there.

It is about trade. What the Latin American countries can buy from the US which they can't buy cheaper or better quality from other countries? Sell them stuff with 60-70% discount and they may bite.

Bob is probably not even in Thailand. He gets some of the Thai sunshine by posting here.

Like every bidding it is easy to outbid...provide more money.

Tesla is going to be the American version of the USSR Lada. It would eventually rely only on the tariff protected US market. It sells nearly 40% of its cars in China, it is a matter of time before loses these sales.

https://en.m.wikipedia.org/wiki/Polish_passport $54 AUD normal price, apparently free for people over 70. Ranked higher in the passport index than the Aussie passport. https://www.passportindex.org/byRank.php

I think the median income in Sydney is around 95k, which after tax is around 70k. With median house price around 1.65 million one needs 23 yearly salaries to buy a house. That's serfdom. The government revenue depends quite a bit on the housing, so they'll do anything to keep the prices rising. If I was young and ambitious I would plan to leave the country ASAP. Living after 60 in countries like Thailand is no brainer.

He dobs himself...the only thing he didn't post is his photo.

The problem is the government started importing lots of people from the subcontinent but the pie is not getting bigger. This year the Sumandou iron ore is expected to hit the market and drive the prices down. There is also upcoming LNG oversupply. I would expect higher budget deficit and lower Aussie dollar. If the dollar goes sub 20 baht there will be some pain felt in Thailand.

As I posted before he is defrauding the federal government and Centrelink and leeching off our taxes. It won't be difficult for Centrelink to figure out who is he - stupidity posting on public forums he is 77 old and married to a Thai 21 years, flying to Thailand twice per year, won't be difficult to triage. Many govt departments are starting to do data mining of publicly available info, that includes forums and Facebook.

We don't rely on China, they just buy our stuff, but we can sell to anyone who pays. Unfortunately the so called "service" economies don't need iron ore or steel. Australia is a quasi communist country, where the low class workers can get paid better than engineers or PhDs in molecular biology. The other countries where the proletariat ruled were the USSR and the former Eastern bloc, we all know how it ended. Welfare abound, you can get old age pension without working a single day. The job of the governments is to increase productivity and make the pie bigger, our government instead brings a few hundred thousand subjects from the subcontinent and puts them on the table to eat from the same size pie, hence the negative GDP growth per person in the last 2 years. The population increases faster than the GDP.

https://www.cscc.it/upload/doc/benessere comune.pdf "We should not aim too high and make promises that cannot be fulfilled. Instead of taking on everything, the government should focus on carrying out programs that are general, inclusive and guarantee basic needs. Even if we become more developed and financially stronger in the future, we should not set excessively high goals and provide excessive guarantees, in order not to fall into the trap of “welfarism” that encourages laziness" Xi Jinping, the greatest leader of our times. On the contrary the western leadership degraded so much in the last 30 years, if the trend continues I can't imagine what species are going to govern us next.

Where is the high inflation in the case of China? https://www.statista.com/statistics/270338/inflation-rate-in-china/

Malaysians also take fingerprints and the gates are already in operation there.

Meh...how is this bypassing the passport control? Humans are just replaced with electronic gates, the passport control is still there and probably better due to improved facial recognition. The gates have been in Sydney for ages now, I can't really remember the last time I had to interact with an IO.

If you read his previous posts he is defrauding the government and stupid enough to post it in public forums.

What is a loser? Is there any quantitative measurement?

Most of the low class posting here is after pleasure, but many can't afford it. Myself, life needs to be difficult and uncomfortable to get sense of achievement. There is plenty of time to rest 2m under the ground.

https://au.finance.yahoo.com/news/iron-ores-2025-crash-could-rip-tens-of-billions-out-of-aussie-economy-disastrous-190022231.html No positives in the near future. xe.com shows me 21.26 to thb. I guess it may go to the 2020 levels around 20 to thb.