Monday, May 09, 2016

Rise of the Kleptocracy





Ever wondered how a Communist country like China (where the government owns most (if not all industry) has so many millionaires and billionaires?

I've also wondered why the property boom (bubble) refuses to burst in Australia whist the younger generation fret that they will never have a chance to afford their own home (an Australian dream)?

I've been nursing a theory about these two seemingly unrelated events.
In the wake of Mossak Fonseca revelations, it now seems quite a credible theory.

The kleptocrats are transferring their hoard of stolen public money into real estate. The kleptocrats of China for example, understand that the value of money can fluctuate but real estate ie Australia, as the name implies is REAL wealth with value that doesn't fluctuate.

http://www.businessinsider.com.au/how-the-chinese-kleptrocracy-works-2012-6?r=US&IR=T

Read more about kleptocracy at links below

https://www.theguardian.com/business/2016/may/08/offshore-finance-emerging-countries-russia-david-cameron-summit

http://www.theguardian.com/world/2016/may/07/10bn-dollar-question-marcos-millions-nick-davies

Wednesday, April 13, 2016

Civilization in Decline

In the 16th Century, entertainment for the masses was Shakespeare's theatre.

In the 21st Century, entertainment for the masses? Master Chef, Googlebox, Dating Naked, Marriage at First Sight etc etc

Evolution or devolution?



Friday, April 08, 2016

The Panama Papers

WOW, what a story!

It seems that everyday has seen a new revelation.
http://www.theguardian.com/world/2016/apr/07/china-ramps-up-panama-papers-censorship-after-leaders-relatives-named

Greed isn't the exclusive domain of warmongering,capitalist pigs like Gordon Gekko, as news of the Chinese big nobs being tangled up in the Panama papers revelations.

Other than telling us that the uber rich have to worry about holding on to their wealth, the story that keeps on giving highlights the fact that nobody likes paying taxes. And,it's not just those lazy good for nothing Greeks (who threatened the stability of the European Union by defaulting on loans) that were exposed as tax dodgers a few years ago.

No doubt, there is truth in the concept that the rich always get richer while the poor get poorer. And now we know that avoiding taxes is the way to go.

My personal contribution to this scandal is that I don't pay taxes either. That's because I'm too poor and have no income to tax.
Hold on, I still pay GST (goods and services tax) on petrol, consumer goods, council rates, water rates etc etc.
Maybe I should call Mossak Fonseca to discuss this issue.

Friday, April 01, 2016

Topless Protest




Time to go Topless to protest against all the Topless protests.
In other words, this concept of attracting media attention is becoming tedious.
Of course a protest against Facebook's banning of nipples would justify...a topless protest.

Topless protest against Hermes
http://www.theguardian.com/fashion/2016/mar/31/dead-ostrich-demo-flagship-store-ruffles-hermes-feathers

Topless protest against Islam
http://www.france24.com/en/20150914-femen-topless-protest-french-islam-conference

Topless top model protest
http://www.huffingtonpost.com.au/entry/topless-top-model-protestors_n_3366240.html?section=australia&utm_hp_ref=topless-protest

Tuesday, March 08, 2016

Insurance Industry Scam





Last night's episode of Four Corners (link below) struck a nerve in me.

http://www.abc.net.au/news/2016-03-07/comminsure-scandal-whos-who-four-corners/7226576

Fifteen years ago, my wife was injured at work and she put in a claim with her insurance company. She had Income Protection insurance.
The insurance company replied that they had lost her file.
As an isolated incident, this didn't reek of "conspiracy" although it did put a sour taste in the mouth when it comes to insurance companies.

Then, watching Four Corners, and listening to Dr K speak of his personal investigation into his employer's behaviour, it struck me as an epiphany. Of course, this must be common practice amongst insurance companies when responding to injury claims. What could be more discouraging and disheartening to a claimant that to be told their file had been lost?

The CEO of the bank (Commonwealth) kept referring to "ethics" in his interview with Four Corners.

What does ethics have to do with corporate greed, I wonder?

Do I see conspiracy everywhere? You bet.

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