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Episode 363 - Pumped Hydro and other ideas

Updated notes V1

In this episode we discuss:

  • Chapters
  • More on Twitter
  • Paid Blue Tick search
  • Facebook owner Meta to sack 11,000 workers after revenue collapse
  • RoboDebt
  • Industrial relations
  • If only Labor's wage changes were as bad as the bosses claim
  • Predictably, 'employer groups' slam Albanese's industrial relations bill
  • How did independents vote?
  • The cost of living isn't as high as we've been told
  • Good stories – NDIS
  • Renewable Energy Storage
  • 1,500 pumped hydro sites identified
  • Brexit Poll
  • Fascism, Communism
  • Fascism
  • How to spot a Communist.
  • USA Update ep 363
  • US Mid Terms
  • Polls got it wrong
  • CNN Exit Polls
  • Katy Perry
  • The New Candidate Countries For BRICS Expansion
  • Chinese Anal Searches

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Transcript
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We need to talk about ideas, good ones and bad ones.

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We need to learn stuff about the world.

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We need an honest, intelligent, thought provoking, and entertaining

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review of what the hell happened on this planet in the last seven days.

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We need to sit back and listen to the Iron Fist and the Velvet Glove.

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Ah, welcome back to your listener.

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Yes, the Iron Fist and the Velvet Glove podcast, episode 363.

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Welcome aboard.

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If you're in the chatroom, little bit of late notice about the event.

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I managed to sneak that in just after seven.

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So if you're in the chatroom, say hello.

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I'm Trevor, the Iron.

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Fist with me as always, Joe, the tech guy here going Joe Evening or.

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So, so tonight we'll be talking about a little bit about Twitter,

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robo debt industrial relations.

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So that sort of, it's the Australian type of stories.

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Then I found some interesting stuff about renewable energy storage.

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We've talked in the past about hydro storage, so found an interesting article

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about how much hydro sort of, storage we need, and different information

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about that, which I found interesting.

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Bit about USA midterm updates and just the USA generally, and can't have a podcast

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these days when we're talking about China and maybe Venezuela with a bit of luck and

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maybe CIA propaganda depending how we go.

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So just something new.

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There's this company called vii, which makes it easy to

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create podcasts, chapters.

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So I tried it out last week.

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If you downloaded the episode, the cardboard place, then Uhhuh.

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Yeah.

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Not the cardboard play.

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Different one.

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And if you in this episode, dear listener, look at your podcast app and if it's Apple

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Podcast you'll see it and various other ones do now, where there'll be chapters.

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And so for the various topics, you can see chapters.

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And if you think I've listened to Trevor bang on about China way too much, and I

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just wanna skip that section, well you can just look at the chapters and and skip it.

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We can go back and jump around.

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So I'm gonna introduce that and see how it goes.

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And you might even see images on your app as well.

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So I introduced it last week.

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If you downloaded the episode really quickly, then it didn't appear.

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It was after a couple of days.

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I played around.

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So it did appear in, in last week's episode.

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I tried chapters years ago, but the technology, there weren't that many apps

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that showed it and it was difficult to do.

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But anyway, there's this new thing that I'm gonna try.

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So looking out for chapters.

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And you can navigate what we talk about and skip bits and whatever or listen to

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stuff that you found really interesting.

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You don't wanna listen to it twice.

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Yeah.

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So in the chat room we've got Joel and James.

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Good on you.

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Say hello and we'll keep going.

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So yeah, chapters have a look at your podcast app and see

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if you can see some there.

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Right.

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Just gonna talk briefly about Twitter.

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And Twitter was really good in the lead up to the last federal election cuz

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people were so over Scott Morrison that it was, it was full of interesting stuff.

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It sort of died down a little bit in terms of interesting stuff.

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But most of the stuff there now is complaining about Elon Musk.

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And there was this great little exchange.

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There was a a Twitter handle called Christmas.

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And this person sort of tweeted at Elon Musk saying, I don't

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wanna be Christmas forever.

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Elon Musk, please help.

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I've made a mistake, meaning he wanted to change his name from Christmas and

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got a reply from Elon Musk saying, You should be able to change your name now.

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And the same person who was Christmas then replied as Elon Musk and said Thank you,

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which was just top marks for hilarity.

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So yeah.

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Just sort of demonstrated the silliness of this whole situation

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with Twitter and these blue ticks and gray ticks and the thoughtlessness

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that's going on with Elon Musk.

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So, well played, sir.

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The guy who was Christmas turned into Elon Musk, well played . Have you,

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have you not seen the number of people who got banned from Twitter for.

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For doing, changing their name to Elon Musk.

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Yes.

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After being Bick verified.

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Yes.

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Well, you know, for that particular screenshot that he got before he got,

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you know, canceled, it was worth it.

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Yeah.

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So, just on the strategy of what he's up to, just reading from an

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article from The Intercept which goes on to say that Musk immediately

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discovered that advertisers hate Freewheeling Ruckers political debate.

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Josh Marshall, the founder of Talking Points and Mimo, explained this cogent

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in a recent article about his experience running an outlet devoted to politics.

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And he said that advertisers don't want to be near controversy.

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And indeed, they don't even wanna be near things that are upsetting or agitating.

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And that is why all political and political news media face an inverse

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premium in advertising because the content is inherently polarizing.

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. So any content that's basically got politics in it is gonna be polarizing.

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He says you can show the same ad to the same people the same amount of times, and

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you'll get more money if the content is fashion or parenthood or entertainment

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safe topics than if it's politics.

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And this is apparently a bedrock rule of advertising that

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advertising in amongst political content, it's just not effective.

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I, I know that for the people who've monetized YouTube, depending on

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how much of a premium advertisers are willing to pay, you get paid

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per view differently depending on what your content is deemed to be.

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Ah, so when this show on YouTube is getting hundreds of thousands of watches,

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we'll get less than a show that had.

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Hundreds of thousands of watches, but was Parenthood or I cute cats or something.

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Subscribers before you can monetize, right?

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Yep.

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We're a long way off . It's never gonna happen.

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But that's interesting.

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Just political content, put an ad in it and you just get it's less effective.

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Interesting.

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Even with the same people.

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So it's not about demographics, it's just the way people react

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to ads when it's mixed in amongst political stuff, so, mm-hmm.

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. So it goes on to say that is why Twitter was the way it was before

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Musk bought it not be meaning they were sort of cleaning it up and,

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and censoring it to some extent, not because of the politics of its staff,

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but because advertisers demanded it.

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Likewise, it's now why advertising has fallen off a cliff.

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So a real problem there for Musk with.

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Advertising and Twitter.

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And the other thing then about subscriptions.

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So according to some reports, he wants to make the subscriptions

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at least 50% of the revenue.

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And it says again in this article, Why would anyone pay for Twitter?

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One answer would be to see fewer ads, except people who are willing to

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pay for Twitter are going to be the audience that advertisers most want to

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reach, namely heavy users with money.

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This is why Twitter's specialists crunch the numbers and form Musk

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that Twitter would plausibly lose money on many $8 a month subscribers.

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So it's really tricky.

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The very people that you would want to keep watching advertising

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are the very people likely to pay the $8 and not watch it.

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And therefore, I wonder how it's a conundrum, YouTube premium, whatever

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it's called, YouTube bread, right?

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Work works because you pay basically a subscription and then you don't see ads.

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Correct?

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Yep.

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So, good point.

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So I would've thought that would be exactly the same thing.

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Yeah, true.

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Mind you, I think it's 20, $25.

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Maybe that's a difference.

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I dunno.

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Good point.

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But you're right, it is the same sort of thing.

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So, Oh, you can install ad blocking software on your browser, Right?

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That's the other way.

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And then watch, watch YouTube without the ads.

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That's what you do when you're a tech guy.

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Is it joke?

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Is that what you've got?

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Simple enough?

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Right?

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Just add a plugin.

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Okay.

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Tell me about it later.

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Mm-hmm.

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, by the way, do you listen to Jay?

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I one of the, Well, not a one.

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You're used to doing hand radio.

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You're telling me before we fired up and eventually, Yeah, I still on my license.

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I'm just not active.

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You need a license to be a hand radio operator.

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Yeah, you need to.

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Pass a, an exam on technical theory cuz you can build your own transmitter.

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So in theory you can cause large amounts of interference.

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Ah, and over here it's up to 400 watts.

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In America it's 1500 watts.

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Right.

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Which is a lot of power.

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Yep.

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And historically you used to be able, used to have, to be

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able to understand Morse code.

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In the UK the license was 12 words a minute.

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And that was if a commercial station came up on frequency and told you you

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were interfering with them, you needed to be able to understand them, to be

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able to shut down at their request.

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And is that, did that ever happen to you?

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No.

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Right.

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Did you have a year of it happening where people were messaged in morse code?

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It, it, it was a historical because it was a hobby and there were commercial users.

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Yep.

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They said, all right, for it to be valid worldwide, it was an international,

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it was under the, the international radio agreements that any amateurs.

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Who operated need to understand more codes so that they could be told by

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a commercial station to shut down because they were causing interference.

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There you go.

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There you go.

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All right.

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Well, and, and ideally, if you set up your hand radio again mm-hmm.

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without being crazy, the height of the antenna would be how high?

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About 20 meters.

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Yeah.

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So, Okay.

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It's a good, it's, as I said, it's a good hobby because when the zombie

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apocalypse arrives, you, you guys will be rescuing civilization.

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That's every zombie book that I ever read.

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It was the ham operators who kept things together.

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It was also in who was the Hitchcock?

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Mm-hmm.

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. There was the, the teenage boys, Hitchcock Mysteries.

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The Hardy Brothers.

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Right.

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Okay.

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The Hardy Boys.

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They had hand radio.

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Yeah.

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Yeah.

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Travel around the world doing exciting things.

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Here we go.

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Well, You listener.

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If there is the zombie apocalypse and everything just goes to shit and the

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whole world collapses, we'll still be able to run this podcast on a hand radio.

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Look out for it, . All right.

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Back to the topics.

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Oh, the other thing you can do, I found you can do a search, which will tell you

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of the people you are following on Twitter who has actually paid for their blue tick.

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And it's sort of like a, a dickhead filter really, I would've thought in many ways.

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So, so I ran the search on my Twitter page, and the only one who came

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up as having paid for their blue tick was Drew Pav Pavo Pavlo Pavo.

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He's the guy who's always going on about the Chinese, and he

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was in the, in the uk and.

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It's, he's a troublemaker for the Chinese who I follow because dear listener,

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I like to get a broad cross section.

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It's not all one bubble I'm listening to.

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So, so I thought that was pretty good.

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Of all the people I followed, he was the only one who paid for it.

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So, yeah, I, I follow about five people, so when I tried it, no one came up.

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You go, right.

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The, the search you can use will be in the show notes for that.

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So that was Drew and yeah,

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lots of tech companies, Joe laying off lots of staff.

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So meta Facebook is laid off.

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11,000 people, maybe 13% of their workforce.

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Twitter supposedly up to 50%.

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And others like Amazon getting rid of 10,000 people.

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Like did you hear about Twitter?

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Which they sent.

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There was a whole load of sackings and then apparently there were some emails

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going out very rapidly afterwards going, Oh, actually not you, You're right.

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this.

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So it sounds, there's, it sounds like there's an awful lot of confusion there.

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It just goes, And the other thing was apparently they were, they

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were measuring programmers by the number of lines of code written.

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Yes.

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Yep.

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Which, if you know anything, it's kinda like, measuring a safety inspector on

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the number of safety inspections He does.

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Yes.

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And it's really not a good, it's not a good output to measure.

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No.

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It could have been a thousand lines of crap and Exactly, Yes.

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So just goes to show you can be the richest or the nearly the

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richest men in the world, and it comes to be through dumb luck and.

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And, and psychopathic tendencies in a particular area that you happen to be in.

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Yeah.

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I think lots of people are realizing that maybe he isn't the brilliant

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engineer that everyone thought he was.

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Mm-hmm.

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or brilliant in one area, but hopeless in another perhaps.

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So.

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And Zuckerberg, Facebook is in real trouble.

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It's advertisers are complaining because Apple switched off some sort

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of facility that allowed data sharing, which made it easier for advertisers.

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So historically, everything you did on a browser, Facebook could

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plant a cookie, track what you were doing by having a unique ID

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that was tied to your phone mm-hmm.

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. And so they could stalk you wherever you went on the internet.

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And Apple have blocked that.

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Yep.

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And Facebook were crying to Apple about it, saying, How dare you do this?

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And Apple said, Well, actually no.

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, we're the ones who are going to sell off our customer's data, not you.

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Yep.

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Mm.

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And basically turned off the tap that allowed Facebook

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to stalk with their users.

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Mm.

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And apparently it's made a huge difference to the effectiveness of the advertising.

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And, and don't think if you're not on Facebook, that you're safe from

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being stalked by Facebook because they, they create shadow users so

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effectively they can infer your relationship to other people.

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So if you are not a Facebook user, but you're doing things on the

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internet, they will still track you and then track your interactions with

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Facebook users and basically work out who you are from your interactions.

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Wow.

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So even if you don't have a Facebook account, you could still be in their

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database and sold to advertisers.

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Wow.

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Didn't know that.

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Yeah.

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I might get myself one of those ham radios.

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Joe, I don't think

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Zuckerberg can't tap into me there.

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Surely.

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Remember, if it's free, generally you are the product.

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Yeah.

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Wow, that's interesting.

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Did not know that.

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Wow.

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So anyway, that's Facebook.

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Tough times for those large IT companies and I don't think

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it's gonna improve anytime soon.

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And I've been hanging around, mastered on having a look around there and as

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we were talking about before, it's sort of part of the fatty verse of these

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interconnected facilities that are all hosted by volunteers and others and

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could be the way things end up going.

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So, we'll see how that works out, but I'm sort of hanging around there,

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sniffing around, seeing what it's like if anybody's in the chat room.

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Is founder a via master.

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Don, put your hand up.

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Who's in the chat room, by the way?

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Still?

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Brahman's there, Don And Joel.

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Still here, Joel?

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Mm-hmm.

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. All right.

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Robo debt that's been in the news.

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Not much as it should be.

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Certainly not in mainstream media as much.

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I've been kind of waiting for a decent article to really get into it.

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And I did see something about somebody who got paid $200,000 to supervise it.

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Mm.

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Was claiming to the Royal Commission that she knew nothing about it.

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Yes.

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So Rick Morton writes for Schwartz Media Sunday paper.

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He's done very, very good stuff.

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Almost too good.

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It's so forensic.

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I'm looking for a more summary version of the whole fiasco, but essentially what it

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boils down to is people's commitments are.

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With social services was designed to look at their, their fortnightly income and as

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that varied, so, were their commitments.

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And for a lot of people, their fortnightly income bounces around,

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up and down, all over the place.

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And this scheme just basically said, Oh, well, we're just gonna look at the tax

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records and average their income out.

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And then just, and made an assumption of even income, which was clearly

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just never gonna be the case, and was clearly illegal because

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that's not how the, the act worked.

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You had to look at each individual fortnightly timeframe and figure out

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people's obligations at that time.

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And yeah.

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But doing that is hard.

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Yes.

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You couldn't, Well, that's the whole point.

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They wanted to just automate it and mm-hmm.

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, and Scott Morrison could see money flow into the government coffers as

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a result and, being the asshole.

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You, you miss the important part.

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It was about punishing poor people.

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Well, that's right.

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This is the, the goddamn Christian Pentecostals.

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If you're poor, it's because Jesus hasn't favored you.

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You must be some inherently bad, lazy person and screw you.

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Like they got no sympathy for poor people.

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This, this modern version of, of muscular evangelical

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Christian, they're a nasty mob.

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And yeah.

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All sorts of nasty stuff going on there.

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Good on labor for having a commission to look into it.

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And it's just a sad story of people who were faced with terrible debt collectors.

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Thank you Mr.

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Abbot, for opening the doors to op, doing royal commissions on your opponents.

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Yes.

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Cause he started with the pink, With the pink bats.

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Yeah.

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Anyway.

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Some pretty sad stories of, of people who are faced with threats

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from debt collectors for tens and tens of thousands of dollars.

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And yeah, people who were handed to the point of committing suicide.

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Yeah.

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Terrible stuff.

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So cruel.

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Really cruel.

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And anyway, at the end of this commission, there'll be a list of culprits.

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Hopefully not enough people pay the price.

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They're shameless these people and they get away with all sorts of stuff.

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Hopefully, even if they're just named and their reputation is

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ruined, hopefully that will happen.

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We'll see.

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Wow.

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But if it ruins their reputation, cuz it seems loud that doing something

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shameful is no longer a problem.

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Yep.

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Just leave on and get another cushy job somewhere.

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This is what often happens, unfortunately.

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Mm-hmm.

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, The other topic actually where I

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useful summary was in relation to the industrial relations bill that I think

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has gone through the house and is now going to the Senate and they're now

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haggling with some of the independent senators doing a bit of horse trading

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to see what they can agree to here.

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So the changes are that it makes to industrial relations is makes

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job security and gender pay equity explicit goals of the act prohibits

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sexual harassment and requirements that workers keep their pay secret.

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That's an interesting one.

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So, I've never really been in a position where I've needed to know

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what my coworker's pay was, but.

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any experience with that Joe?

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Of people swapping details about their pay so that they could,

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working for government departments.

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I've been on a known salary.

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You're a level X, level five, level six, or whatever.

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Everyone knows.

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Okay.

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That's what you get.

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Yeah.

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Yeah.

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And, and we had a number of years of seniority, so you got paid

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increases after so many years.

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But aside from that, no.

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Everyone was on a fixed amount.

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The idea is that in theory, if pay negotiations a secret, everyone

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negotiates what they're worth.

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But realistically, the people who are most able to walk from job to job

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command the biggest pay rises and those who are willing to negotiate hard.

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Yes.

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And not everyone.

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Typically men, one of the reasons for males being paid more, I

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believe, was just because they were more likely to be aggressive and

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bargain and actually thought of themselves as worth more as well.

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Kind of inherently a gender thing.

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And I would say that extroverts probably negotiate harder than introverts.

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Yes.

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Yeah.

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Yeah.

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But if you are in a workforce in that position, what's the downside

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in not sharing your income?

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Like, I reckon it's not like say you're with five or six people in a similar,

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you think are all about the same as you.

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And you're curious if you were to agree to sort of swap information about your

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salaries, what, what's the downside?

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If, if there is a fixed pool of remuneration?

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Yes.

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Then if they're negotiating.

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Then there isn't as much for you to negotiate.

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Right.

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But is there a fixed pool?

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Like is it ever fixed?

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Yeah.

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Well, my employer basically says there is a pool of X for this department.

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Oh, okay.

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So it's, it's basically down to the employer to fit as many people in.

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Okay.

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I'm thinking of a law firm.

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I'm thinking of, you know, you're not a partner, you're in some sort

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of just employed salaried lawyer.

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Mm-hmm.

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. I reckon they should all just get together somewhere and swap information because

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then they'll know what's possible.

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It's not like the people on the higher level are gonna have their

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salaries dropped, it's just that the ones on the lower level are gonna

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know that they can get an increase.

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So for that situation, I would've thought you should do it in the chatroom.

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Anybody ever sort of swapped sort of income information with.

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A coworker and had a successful or unsuccessful sort of result out of that.

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Shalene says, Bullshit.

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I don't know what the bullshit was about Shalene.

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Was it something I said or what?

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I'm guessing the bullshit was to do with the people knowing your salary is bad.

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Right.

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Okay.

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I'm sure she'll expand on it shortly.

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So, anyway, under these changes requirements that workers so prohibits

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sort of employers trying to stop workers from keeping their pay secret

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and strengthens the rights of workers with family responsibilities to

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request flexible working hours and abolished the Australian Building

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and Construction Commission.

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And I think the flexible working hours is more a presumption of yes than the

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employer has to provide reasons why not, rather than the other way around.

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So I haven't seen a great summary of that yet.

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And what it all means, maybe Shay will make a guest appearance down the track.

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Mm-hmm.

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, tell us all about it.

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Shai, you're probably across all this, so, Yeah.

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So anyway, that's what's happened.

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Robo debt and industrial relations, so, Oh, here we go.

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Shay says it's inherently sexist to presume blokes just get paid more because

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they are better at bargaining baloney.

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I don't know this, I wouldn't say they're better at it.

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I'd say they're more likely to engage in it, I think is what I read somewhere, but,

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or more likely to argue about their party.

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But Shay saying that's baloney as a theory.

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Okay.

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Fair enough.

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You're probably right, Shay.

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Right, of course, in response to the industrial relations bill, , all sorts

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of industry spokespeople come out.

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And there was an article by Belinda Jones in Independent Australia, where she names

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these people ins Willox of the Australian Industry Group, Jennifer Westcott from

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the Business Council of Australia.

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You'd see her all the time.

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That one in particular, Jennifer Westcott, Steve, not from the

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Australian Chamber of Commerce, Danita Warren mba from the Master Builders

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Association, you know, Tony Ma from the National Farmer's Federation.

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So, according to this writer, Belinda Jones, these five spokespeople,

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spokespersons get trotted out all the time and make statements in front

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of the media and give the employers side of the story, which invariably,

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of course, They're representing the employer side of the story.

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It's gonna be outrage at how much this is going to cost business and

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eventually cost jobs and, you know, paint a negative approach to it.

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So it's a good point to being record profits.

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Yes.

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But you know, this is what it's a bit like with religion.

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There's full-time PR people like the John Dick Dickens of the

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world, Dickinson Dickens can't remember his name, but Oh yeah.

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It got nothing else to do, but ring up ABC offer themselves as an interview subject.

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Isn't Dixon Dixon?

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Yeah.

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And the same with these guys.

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It's their job to contact these media people and make these statements,

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whereas I guess there's a union.

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Where are the union?

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Where's our, where's our Bob Hawk?

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This is where sort of Bob Hawk was the guy who came out and spoke on

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behalf of the union movement and the workers in these situations.

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Well, wasn't the oh T G W U used to regularly be on these?

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I can't think of a particular player in the same way that I can think of.

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I always see that Jennifer Westcott everywhere, so on q

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and a in all sorts of places.

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And I think if you're looking at the UK at the moment where they've got

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those railway strikes happening mm-hmm.

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and, you know, you've got Mick Lynch who is a real sort of spokesperson

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for the working class of the UK at the moment and really taking on the UK

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equivalents of the Jennifer Westcotts in these panel discussions and

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absolutely murdering them, one of them.

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And Where's Australia's McManis was who I was.

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Yeah, actually she is good.

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I will say I have seen her on things and You are right, Sally McManis and yeah,

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she, she would be the one, We need more of them anyway, and I think, well, we

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need them to, I'm sure they're out there.

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It's just getting on to media and even the abc, even while, I mean obviously Sky

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News and the Murdoch Press are just going to reach out to business interests and,

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and, and, and not reach out to the others.

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But even the ABC, I think is very lazy on these things.

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And they'll get approached by these people and they think, Oh,

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well, come on, we'll talk to you.

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It's easy for their producers to find these people and put them

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on than to find other people.

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So, That's just one of the inherent problems when it's like the atheist

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movement can't afford to pay people to be full-time advocates for atheism as opposed

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to Christian groups the unions can afford.

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And yeah, the unions can, they should be doing better job at it.

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Tony McManus.

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Full mark.

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She's very good.

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Need more of them.

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Shai agrees with me, I think so.

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We've had a bullshit and an I agree out of Shay in the chatroom.

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I'll keep going to see how the strike rate goes.

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Good to hear from you, Shay.

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Until Shay gets so angry that she throws the computer across

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the room, she wouldn't do that.

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Yeah.

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Just also the independence of, in the house, were voting on this stuff,

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so that's showing the true colors of some of the teal in independence.

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I I thought it was a known thing that the teals were.

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Liberals just with a bit of climate change.

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That was it.

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Well, it's, it's sort of sorting them out a little bit.

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So, Zoe Daniel and Monique Ryan voted in favor of the bill along with Bob

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Catter, Andrew Wilke and the Greens.

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So the ones who voted against the industrial relations changes were

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Sophie Scams, Helen Haynes, Kate Chaney, zte, and Alexandra Spender.

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So certainly STL and Spender should always have been viewed as really blue blood

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liberals who just couldn't handle the craziness of the current liberal party,

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but in all other respects are liberals and basically showing their colors there.

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So, so yeah, and also Rebecca Sharky and.

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Die anyway.

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That's interesting that this bill has sorted out a little bit about these

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teals as to which side of the fence, right or left the might really belong.

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Roland says, yes, that's why it's teal blue with a bit of

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green added otherwise blue.

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Yeah.

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Yeah.

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That was always my assumption was that they were liberal just

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without the climate craziness.

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Yeah.

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Robin in the chat room says Paul si.

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Pauls was a, he was actually like a reporter in the Murdoch press and he's

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gone to work for one of the unions.

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I see him on social media, but I don't see him saying a lot

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on general mass media, robin.

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But Yeah, it's a good channel Island's name Cray it, it's a, Is that the

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name of a channel island, is it?

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No, no, no.

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It's a common surname in the Channel Islands.

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Oh, is it?

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Yeah.

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Okay.

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Okay.

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He's a friend of yours, isn't he?

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Robin?

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I'd like to meet Paul Cray one day.

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I think the interesting guy.

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He's down the case there somewhere.

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Okay.

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So we had a little mini budget and after the budget, the cost of living increased

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by 7.3% over the past year apparently.

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But did it, so maybe instead of 7.3, it was only 6.7 or only 6.4.

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And what is the confusion all about?

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Well, according to Ross Gittens, he says that 7.3 is the rise

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in the consumer price index.

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And that's typically, The sort of figure that we've worked off in our

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heads as to how much have prices increased over the last whatever period.

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But he says there's, in addition to the consumer price index, there's

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always been a living cost index, which for various household types,

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whether you are a young family or a retired couple or something like that.

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So this living cost index has always been there, but not really talked about.

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And we've mentioned before about gdp, Joe, how GDP is such a bad measure

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of, Well, it's not consistent.

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Yes.

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Economic activity, just the very idea of it is, is not good.

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But the variations between different countries in how they measure gdp and

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we went extensively through Australia versus USA in terms of housing costs

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and how GDP is quite different.

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Well, Consumer Price Index before 1998, the cpi it used to include interest on

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mortgages, but the Reserve bank asked for a change because they didn't want the

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measure of inflation to go up every time.

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It raised interest rates to get inflation down and on them.

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So they're saying, Hang on a minute, we are raising interest rates in

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order to get inflation down, but in your inflation calculation

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you are including mortgage rates.

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So that's just not working for us.

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So this, so the statisticians said, Okay, we'll take out mortgage rates.

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And effectively they put in the cost of building a new house

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rather than mortgage rates.

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But that's a really, People do that all the time.

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Yeah.

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Well this is the point that he makes in the article is how many people,

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lots of people never build a house.

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And how many people build one once in a blue?

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Me like the cost of building a house is not a good indicator to use.

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Whereas everybody, well, not everybody, but far more people are actually

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paying interest on a mortgage.

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So if you're really wanting to get a reflection of how is the cost of living

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in Australia changed in the last 12 months, you're probably better off

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looking at the cost of living index rather than the consumer price index.

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There you go.

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So that was an interesting one by Ross Gittens and Okay.

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Wanting to do a good story for change.

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N D I S, so Dylan Elcot is kind of like Spokeperson, I guess

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for the N D I S and he was at a interview at a press conference.

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And I think this is gonna demonstrate the value of having I mean, I wanna

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say a regular guy, but regular in the sense, not ensconced in a labor union or

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in a law firm, or this was the public.

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He's had a life.

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Yeah, he's had a life.

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And anyway, have a listen to this this clip.

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Hopefully it works.

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What do you say to those who have been rotting, the N D I S?

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You talked today about lawyers, a lot of money going in, in legal

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fees, but there are clear instances of people abusing the, the scheme.

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Yeah.

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They can go and get stuffed . Like first and foremost, we've had

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four questions about the N D s.

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So they've all been negative things about it.

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I'm starting by saying the n D s is bloody awesome.

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Right?

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We commissioned an N D I S report a few months ago.

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The first almost half is about good.

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The N D I S is, you know, we talked about early intervention before.

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One of the things we found out about this report for kids with early

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intervention on the N D I S who were under the age of six had doubled the

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amount of friends, the kids who weren't, I had no friends when I was five.

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Like, I got goosebumps saying that.

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Where was, I would've loved to have the N D I S.

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Did you know that?

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Not really.

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You don't really read stories about that, do you?

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You don't talk about the economic growth of it being involved and things like that.

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So first and foremost, it's awesome, right?

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And we need to hear our stories about the good things that are happening.

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But secondly, you know, there are some dodgy people out there doing dodgy things.

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And we are gonna find, you know, the government have already commissioned

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the, it's a really funny, good word, The fraud task, Fusion fraud task force.

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And they're gonna, that's gonna find people that are doing the wrong thing.

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And if you are watching this and you're doing the wrong thing, you

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are literally taking away from a new diverse kid getting care.

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You're taking away someone with a high level disability, having a shower.

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You're not taking away us having fast cars and stuff like that.

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That is not what it's about.

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To remind yourself if you are doing that, Hey, you know what, I'm not

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gonna try and do that anymore.

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Well, wasn't that direct language really well said?

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Yeah.

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Good sentiment.

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Yeah, please man.

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Well said goodnight.

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That's, he's got a future.

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In politics, and he'll join a party and they'll beat that out

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of him and make him talk in rids.

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Good on you, Dylan.

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Right?

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I don't know how I came across this article.

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I think it might have been John blog about renewable energy and so there's

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a couple of reports included in it.

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Actually it was, was in the John blog.

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If you are not subscribed to the John blog, you should.

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Your other alternative, of course, is just to subscribe to

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my newsletter and you'll get it.

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The best bits extracted anyway.

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So go to the website, i Glove dot com au and sign up for the newsletter three times

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a week, few articles, and I sort of scour the internet for you so you don't have to.

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Anyway.

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In the John Energy blog, there was an article by an Andrew Blake is

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an Anna Do and o stocks, and they are from a university, I believe.

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Let me just actually let me just find, whoops, I've just

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gone past where I wanted to go.

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Hang on a second.

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So they're from the Australian National University and I guess the lead guy,

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Andrew Blake, is professor of engineering at the Australian National University.

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So they've been looking at pump hydro and anyway there was a group who were

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for one of these reports that's in the show notes about how much pumped hydro

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storage do we need, and as a guide to storage requirements, if we're gonna have

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a hundred percent renewable electricity based on analysis for Australia.

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Is one gigawatt of power per million people with 20 hours

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of storage, which amounts to 20 gigawatts per million people.

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So essentially in a grid like ours, which is strongly connected it's a

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large area and with good wind and solar resources and high energy use doing the

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math, looking at the weather systems, they can calculate that at any point.

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If you've got hydro backup of 20 hours of storage then you've got a secure system

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and that means you need 20 gigawatts 20 gigawatt hours per million people.

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And so that was the calculation they came up.

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And so for Australia, that means Australia needs about 500 gigawatt hours.

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G w h I think gigawatt hours, Joe.

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Yeah.

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Gigawatt hours.

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Yeah.

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Don't forget Australia's a bit bizarre because the east coast

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and west coast are not connected.

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Yes.

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And the East coast has got lots of great pumped hydro spots.

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Mm-hmm.

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and the West Coast, not so much.

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Apparently.

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Just the Gilbert, It's a bit flat over there.

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Yes.

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Yep.

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So, so yeah.

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Anyway, they've given that figure for Australia right, 500 gigawatt hours

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of pumped hydro is going to be enough.

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And in this article, Flux capacitor, What's that?

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Yeah.

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Flux capac Flus capacitor.

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Yeah.

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In the DeLorean or whatever it is.

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Yeah.

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That was it.

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Yeah.

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So.

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Just back to this article in the John Manou blog by these academics.

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It says of course, pumped hydro involves two dams, one high on a

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hill and one down in a valley with pipes and turbines connecting them.

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You store electricity by pumping water uphill to the upper reservoir on a

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sunny and windy days, and you turn it back into power at night or during

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calm or cloudy days by letting the water flow downhill through a turbine.

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So it's like a giant gravity battery.

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So the question now is where are the best locations?

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Last year we released a global atlas of 600,000 Greenfield

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locations that was worldwide.

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And 4,000 of these were in Australia.

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So Greenfield locations are where there is no existing reservoir.

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So they've now identified 1500 new Australian sites,

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which they call Bluefield.

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Sites and Bluefield locations where there's already one

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reservoir for some reason in place.

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So you only need to make one extra reservoir.

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It has to be built so it's using existing reservoirs.

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And apparently there's 1500 of these in this report.

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So none of this requires damning of major rivers.

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So that's also a good thing.

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So according to this report, because we've got so many good

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options, we can afford to be choosy.

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We can go all the way to a hundred percent renewables while only

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developing the very best sites.

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And further on it says same sort of thing.

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Oh, that 500 gigawatts hours, which was supposedly enough for Australia.

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that would supply all of Sydney's electricity for about four days.

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So think of 500 gigawatts as Sydney for four days.

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Well, let's look at some of the projects that are being considered.

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So there's a Kidston project in far North Queensland, two gigawatts snowy, 2.0

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Hunt Hydro is looking at 350 gigawatts.

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So consider we only need 500, 3 50.

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Snowy is sort of getting us two-thirds of the way there.

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Queensland's recent plans are a 50 gigawatt scheme inland from

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the Sunshine Coast at Barumba and the enormous 120 gigawatt Pioneer

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Buran Project, Western Mackay.

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So I think that's the one we talk about a few weeks ago as being the largest

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in the southern hemisphere, which was also the largest in the world.

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Yeah.

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Until snowy two.

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Yeah.

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If it ever happens.

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Yeah.

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But I thought snowy two was, there were environmental concerns about it.

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Yeah.

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So it, I guess when they were talking about these blue field

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sites not re not damning an existing river, that was probably separate

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to the snowy one, I guess, which is damning of a river, isn't it?

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So it must be so, well, if it's a pumped hydro, but it's an

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expansion on the existing, I think.

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Yeah.

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Dunno.

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But in any event, if Australia needs 500 and that one Western Mackay is 120,

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that's a big chunk of what's required.

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So, Well if snowy too, and the two Queensland ones Go ahead.

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That takes us to five 20.

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Yeah.

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On their own.

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Mm.

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And there's plenty of other sites around.

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So if the math is correct, then it all looks possible, doesn't it?

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What else is in this here?

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Does make the comment that Western Australia's not as great because

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they don't have as many options, but they do have some and yeah.

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Link in the show notes.

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I thought that was good news story.

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Nice to have.

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Yeah, absolutely.

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Mm-hmm.

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And this is really quite old solid technology.

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The I was chatting with a guy on Master Don and he referred me to this

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video about one in Tele Tele Hill in Ireland, and a video about that.

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And I think that one was back in the eight.

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Like, it's, it's sort of, You work on Split Yard Creek.

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Yeah, exactly.

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Yes.

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Shame to say that was 1983.

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Yes, exactly.

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And this video, this guy referred me to the, sort of the turbines.

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I mean, they lasted 30 years before they needed their first

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overhaul or something like that.

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These things are really rock solid things that just keep going.

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It's, it's not fancy technology.

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It's really well established engineering that once you've paid for it and set it

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up, it'll just keep rocking for decades.

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So, all good news.

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Hmm.

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Any of your friends were in favor of Brexit back there,

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Joe, Friends and family?

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Or was everybody remainers or, or brexiters in your No, very

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much remainers, unfortunately.

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They were part of the.

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The group who bought into all brexiters are racist.

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Right.

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And, and I think there were some valid concerns around the European Union Yes.

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Particularly the European Parliament.

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Yes.

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And how autocratic it was.

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Yep.

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And I think it, it was very much painted as a black and white issue.

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And basically anyone who was seen to have any questions about Europe

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was immediately just a racist.

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Yes.

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And . Yes.

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And, and I didn't, I, I thought that, you know, a lot of people saw the

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benefits, but also saw that there were problems that needed resolving.

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And there were those who.

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Spun bullshit about how much money we were paying to the EU and how much little,

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or how little we were getting in return.

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Mm.

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I think at the time, I wasn't sure how I would've voted at one point there,

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but I don't think there was enough genuine examination of the economic

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costs and what it was really gonna mean.

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And that was no, it was, it was all bruises.

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It was very much a glossed over and, and you know, we'll

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worry about the details later.

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Let's just get it done.

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Yes.

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So anyway just saw a poll that said 50% of the of those in the

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UK would think it's a mistake.

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So 43% still think it was a good decision.

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Interesting.

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It's quite a high figure.

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I would've thought so.

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Yeah.

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I mean, given the.

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Chaos that the UK is in the pound is tanked.

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I mean, that wasn't helped by obviously Liz Trust.

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Yes.

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And anybody who's trying to do business, I suppose the, the laborers, because there

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was a lot of eastern Europeans who in and probably forced down the price of labor.

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Yep.

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I'm not gonna say unskilled because No, they were, they were quite often tradies.

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Yep.

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But also in health work, you know, the nurses mom's in a nursing home at

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the moment, and she's saying a lot of the nurses there are eastern European.

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Mm-hmm.

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In the chatroom.

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James says that the economist covered the issue extensively warning of

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the issues that the UK would face.

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So there we go.

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Yeah.

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Which is not exactly read by the average trading.

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No.

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Yep.

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Mm.

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Okay.

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A little bit turn our attention to America and Mother just got through some

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midterm elections and certain segments of the Republican Party are already

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complaining about the results, and it'll be interesting to see how that develops.

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I've been saying for a while, did you see the polling booth

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where there was corruption?

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No, I didn't.

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Joe, what was that?

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Oh.

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So apparently the voting machines didn't work.

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Mm-hmm.

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, and they were going to have to mark their ballot and then put it in a sealed

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box, and it was gonna be opened later.

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And a member of the Democrats and a member of the Republicans would

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then supervise the counting of the votes and how undemocratic that was.

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Clearly it's much safer just to feed it into a slot, into a machine where

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it disappears from human eyes forever.

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That would've been much better.

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The machine counts it correctly.

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Yes.

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Yeah.

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Mm.

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I saw a tweet from this guy, Byron Clark said, I feel like to many

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people don't recognize fascism because they think fascism will

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arrive selling oppression and tyranny.

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But if you're part of the privilege group, fascism is selling you

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safety, normalcy, and tradition.

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And a lot of these people who are up in arms are just wanting to

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somehow return to a vision that they have of what America was.

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White, prosperous, middle class and kind.

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What's that mean?

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Children cooking in church.

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Okay.

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In what way?

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What Nazis promised for women.

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Yeah, there you go.

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So what is fascism?

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Far right authoritarian, ultranationalist, political ideology or movement

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characterized by a dictatorial leader.

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Centralized autocracy, militarism force, suppression of opposition, belief in a

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national, a natural social hierarchy.

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I reckon lots of Republicans tick a lot of those boxes already.

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Subordination of individual interests for the perceived good of the nation and race.

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So, They might think that as Republican Margaret supporters, they are actually

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pro individual interests, but they're quite happy for the police to beat

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people up and arrest them for no reason.

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And a lot of individual freedoms to be curtailed for people of the wrong type.

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Well, you know the saying, they want the government so small it

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can fit through your bedroom.

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Keyhole . I hadn't heard that one.

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That's a good one, Joe.

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That's good.

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Write that one down.

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Let's see.

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Okay, so I just found it, and of course, always with America now, it's always

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gonna be intertwined with China because really the world now is about this

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battle between America and, and China.

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We've had America in charge for 70 years ruling the roost and.

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It's becoming apparent to everybody that they're no longer gonna

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maintain that dominating position where they can just bully everybody.

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So, so I've sort of been complaining all the time about this, this reference to

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the Chinese and how it's almost McCarthy like, the way that we've turned on the

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Chinese, when, when it wasn't that long ago we were doing military or preparing

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to do military exercises with them.

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It wasn't that long ago that Xing Ping was in the Australian

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parliament giving a speech.

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It wasn't that long ago that the liberal party were criticizing labor because Labor

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didn't want to have a extradition treaty with China and said, Hang on a minute.

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And, and liberals criticized them and said, What are you doing?

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This is gonna ruin our economic.

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relationship with China.

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What are you talking about?

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That wasn't that long ago.

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It was only five or six years ago that we were, that liberals wanted

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to do an extradition treaty with China and military operations.

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You read any Tom Clancy?

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Eh?

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Have you read any Tom Clancy?

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No.

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So the Hump Red October was famous one.

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Okay.

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I've seen the movie.

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Yeah.

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He was the writer.

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Very much militaristic.

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Yeah.

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Lots of army books.

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One of his books called The Bear and the Dragon.

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Mm-hmm.

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He envisaged a newly free Russia, you know, no, no longer communist.

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Right.

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Being attacked by China who were after their resources.

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Right.

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And America piling in on the side of the Russians against the Chinese.

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Clearly a work of fiction.

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. Well, yeah.

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Well, yeah.

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I see, I saw this video.

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I've tried to make it relevant to all that discussion, but let me just

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grab it now and and I'll put it up.

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So, cause I think it's just an interesting blast from the past in

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recognizing a communist physical appearance counts for nothing.

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If he openly declares himself to be a communist, we take his word for it.

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If a person consistently reads and advocates the views expressed

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in a communist publication, he may be a communist.

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If a person supports organizations which reflect communist teachings

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or organizations labeled communists by the Department of

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Justice, she may be a communist.

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If a person defends the activities of communist nations while

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consistently attacking the domestic and foreign policy of the United

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States, she may be a communist.

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If a person does all these things over a period of time, he must be a communist.

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But there are other communists who don't show their real

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faces, who work more silently.

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But I think Scott Morrison was trying to get that rerun while he was in power.

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I, I particularly like the fact that if you protest against the

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kkk, you must be a communist.

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Yes.

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At that last scene, they were marching against the kkk,

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just, just the way that they thought to be a good, a good anticommunist American.

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You must support the kkk.

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Yeah.

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Just the way Australia turned on China just had a McCarthys feel to it.

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Just a sort of a propaganda feel to it to me.

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What else have I got here?

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USA Update episode 360 3.

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So, the USA has warned Australia against joining a landmark

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treaty banning nuclear weapons.

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So this treaty is only a recent one about banning nuclear weapons.

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And we have previously voted against it and the albanese government shifted

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our position and we've now abstained.

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So with this particular treaty, it's a blanket ban on developing,

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stockpiling, using or threatening to use nuclear weapons or helping other

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countries carry out such activities.

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I would've thought that's something we should be in favor of.

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And the US told Australia What the hell are you doing?

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So there'll be pressure on Australia from the US and see how that pans out.

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I watched the documentary recently on a physics equation called The Fast Warrior

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Transform the Fast Furrier Transformer.

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Okay.

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And it's used amongst other things for splitting out complex wave

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forms into their component parts.

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And they were saying it was designed originally to determine from seismic

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measurements whether a nuclear test had taken place or not, right?

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Yep.

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And one of the reasons why in the 19, late 1940s, America wanted to ban

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all development of nuclear weapons cuz they realized that the harm,

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but because they could only detect.

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Land and sea blasts, they couldn't detect underground blasts because

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they didn't have the ability to decode the information from Seismographs.

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Mm-hmm.

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That was excluded from the non proliferation treaties because

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they knew they could secretly do it underground and nobody would catch that.

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Well, they knew they had the technology, so Yeah.

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Basically the Russians and whoever else could do it underground and

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there was no way of measuring.

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Right.

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So they had no way of knowing whether a country was developing nuclear weapons

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if they destroyed their own stockpile.

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And so that basically put an end to the destruction of nuclear weapons.

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Mm.

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So it, it sounds like this treaty has nothing to do with existing stuff.

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And the US embassy in Canberra said the treaty would not allow for us extended

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deterrence relationships, which are still necessary for international peace.

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And this is a reference to.

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Australia relying on American nuclear forces to deter any nuclear attack

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on Australia, the so-called nuclear umbrella, even though Australia does

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not have any of its own atomic weapons.

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So anyway, what, None of it is surprising.

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Is it?

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Midterms still up for grabs?

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Looks like last time I saw the Democrats were gonna hold onto the Senate.

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Probably they've probably got 50 of the hundred seats.

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Yep.

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So they need 51 for a clear majority.

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They could have a hung Parliament or a Hung Senate, but in that case Carala

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Harris, Kamala has the deciding vote.

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Mm-hmm.

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. So since it's important for appointing lots of people to lots of position.

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One of its roles, but it looks like they'll probably just lose the house.

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But in the, in any event, typically in the midterm elections, this is

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sort of halfway through a president's term, there's always a backlash

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historically against the president who won the election two years earlier.

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So Biden actually did remarkably well and did not suffer the normal backlash.

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But, you know, I had in my notes here does it matter which side wins anyway?

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Really?

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And I had only if you wanna terminate a pregnancy or wipe out a student

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loan and the student loan one.

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So Biden passed laws about wiping out the student loan, and that's been

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successfully challenged in the courts.

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And no doubt there's more appeals to come, but at least one court ruled it invalid

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to be wiping out these student loans.

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So, may not go through.

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So the, and because you know, we should wipe out the loans to the

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major financial companies, but not to small individual people.

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Indeed.

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When you so effectively then, what's the difference between these two parties?

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Is, is the lock step on foreign policy and really it's just abortion law is about

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What else is different between these two?

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Realistically, not a lot, is it?

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Is it, Yeah.

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Socialized medicine, the Democrats are trying to creep towards it.

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There are slightly better distance for Paul and I believe

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on the environment, right?

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The Democrats are slightly stronger.

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In terms of the epa, but probably just talk not in actual real stuff, you know?

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I don't think they're actually really gonna do anything or really want to.

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It's just, it's just talk.

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The only thing they really wanna do something about is abortion

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law and arrest will make all the right noises, but probably don't

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care that much, I don't think.

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Seems to me, oh and minimum wage.

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Okay.

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Alright.

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Democrats in favor of that are raising the minimum wage.

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Cause it hasn't gone up since 92.

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Some ridiculous amount of time anyway.

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Still $7 50 some places.

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Right.

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Why did the polls get it wrong again?

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Because it seemed like the majority of polls were predicting a red wave.

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You know, this sort of typical backlash against the Sitting president or

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the sitting president's party, and there was a tweet by this guy, Ben

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Collins, who said talking about the polls before the next election, you

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might wanna find a better way to poll anyone under the age of 30, since they

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would rather pick up a pinless grenade than a call from an unknown number.

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Is this true Joe?

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Under thirties unknown number?

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They just ignore it.

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Yeah.

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Interestingly enough, I was involved in the periphery of a one of those

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two education sectors over here that basically sell visas for money.

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Right.

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And they were, they were trying to talk to their students and they

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had banks and banks of mobile phone dialers because their students wouldn't

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answer a call from a landline, but they would from a mobile phone.

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Is that right?

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Mm-hmm.

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. There you go.

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So all their outbound calls were made from mobile numbers because their

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students wouldn't pick up otherwise.

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Good story, Joe.

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So the theory is when you're doing polling, which of course is relying on

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phone calls that this younger generation who VAD overwhelmingly for the Democrats

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just would never have picked up the phone to answer the poll question and therefore

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we're not represented in the polling, is kind of what this guy is suggesting.

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Dunno if that's true, but yeah.

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Interesting.

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It didn't surprise me.

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Mm-hmm.

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So there was some exit polls by CNN and let me see if I can

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bring up well Joe, I'll let you bring up some of these by gender.

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So if I say Republicans?

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Yeah.

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Sorry.

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Are you gonna say something first of all?

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Well, I was gonna say the way they phrased some of these was they lost support when

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they were in every single demographic.

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Mm-hmm.

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votes went from the Democrats to the Republicans.

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Yes.

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It was just greater in some ways.

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And they said they lost support in this one, but they gained

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support in the other one.

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But they still lost votes.

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Yes.

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So in in no place did I see the number of Democrats, the number of people

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wanting to vote Democrat increase.

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It was just the amounts.

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Yes, true.

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Yep.

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They're in the show notes, bunch of graphs and and there's a comparison between.

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2018 and 2022.

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So four year difference.

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And in 2018 men Republican plus four means that overall the number

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of men who voted Republicans versus Democrats was 4% more were Republican.

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Okay?

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And that became plus 14.

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So 14% amongst men were voting Republican rather than Democrat amongst women.

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Four years ago it was Democrat plus 19.

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And in this recent one, Democrat plus eight.

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You're right Joe.

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A 2% shift in men.

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Yeah.

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And 11% shift in women.

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Indeed.

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Both of them dropped the support.

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Yeah.

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Women by 1% and you've gotta wonder what their margin of error is.

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Yeah.

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So I think they're trying to infer more than you possibly can.

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Yeah.

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Interesting though.

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I mean, miles Republican plus 14 and women are Democrats plus eight.

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It's quite a difference in the genders.

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Yeah.

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Yeah.

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You know, Joe, I might suggest that women are just smarter in America, but then

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Shay would wanna disagree with me calling out bullshit again, so I won't do that.

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Well I think abortion was part of it.

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Yeah.

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Because abortion has been a key part of their platform for a while.

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Yeah.

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And also contraceptive in general.

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Yes.

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Cause they voted against the whole, including it in your health insurance.

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Mm-hmm.

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. Yep.

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But also I would say that women tend to be less well paid and therefore tend to vote.

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Yeah.

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The less well paid tend to vote.

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More left-leaning.

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Yep.

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More likely to be lower class perhaps.

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Mm-hmm.

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, by age, the 18 to 29 year olds were plus 28 for Democrats, but

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four years ago they were plus 35.

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So mind you, Joe, there's a lot more young people now when you see other statistics.

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So in that, there's more of 'em, you know, so that percentage, it

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did drop from 35 plus 35 to plus 28, but there's a lot of them.

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So they're starting to outnumber the boomers now.

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These younger generations, or at least that effective

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boomer population is waning.

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I think in the number of people who voted more younger people turned out.

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Yeah.

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So it was in the 18 to 29 it equaled or was more than the

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number of people from 65 or older.

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Yeah.

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So if you're 1829, Democrats plus 28, if you're 65 years and older Republican

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plus 12, now the 65 years are older.

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I'm surprised.

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Mm-hmm.

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cuz they were the demographic most likely to have been hit by Covid.

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Yeah.

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And it was the Republicans who would've died probably at a rate of two to one.

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Yes.

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So I would've expected a bigger loss of Republican voters in

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that, in that demographic.

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They'd been conditioned to blame Biden anyway for it.

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Maybe.

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Yeah.

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Well the condition that, that that Trump actually did a good

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job in terms of covid, so the.

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By race and ethnicity, white men, Republican plus 28 white women,

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Republican plus eight black women, Democrat plus 78, and black men Democrat

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plus 65 Latino women, Democrat plus 33 Latino men, Democrat plus eight.

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Some Latino men can be quite conservative.

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Some of Latino voters in general, a bit more conservative

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than the African Americans.

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So yeah.

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I saw with the Latino men a lot of them are human.

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Yes.

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And they have a horror of anything that could possibly be communist

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because they come from Cuba.

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Yeah.

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And they've been indoctrinated.

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Well that too.

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Yeah.

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Urban, rural divide.

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Urban Democrat plus 17 rural Republican plus 29.

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and education.

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Put it this way.

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White voters, college degree, democrat plus three white voters, no degree

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Republican plus 34 . It's big.

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So it all fits all.

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What, what does all this add up to?

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That if you are male old and no degree with no degree and you are

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white and you live in a rural area, then you'll be Republican then

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Yes.

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So yeah, all of that stuff.

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I've got a picture of there's just that one of Katie Perry there, Joe.

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I'll put that one up.

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You can put that one.

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I'll see if I can find it.

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Hang on.

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Yeah, it's, He's gotta rattle through those graphs.

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This is a picture of , I dunno where she was on this particular picture.

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Yeah.

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I wonder if it's taken outta context.

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Ah, sure it is but it's gonna be good for a joke anyway, so Can't find it.

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Hang on.

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Not too many.

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Yeah, go back one.

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I got a little excited.

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Right.

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There's Katie, Terry, Barry, after all, guess what?

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She voted a Republican.

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Did she though?

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I mean she kissed a girl and she liked it.

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Yeah, I think she's changed.

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So, no, she was quite vocal as Republican and cuz her ex-partner,

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Who's that guy that she's married to?

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Russell Brown.

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Yes.

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And he's supposedly lefty Libertarian.

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Yes.

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Lunatic.

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Yes.

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Anyway, they're not to get through anymore.

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He's deep in the conspiracies.

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Yes he is.

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He's got a podcast.

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All sorts of crazy stuff happening.

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I think the gurus, the Decoding the gurus, I think did a bit

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on Russell Brand at one stage.

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Yeah.

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I preferred him when he was on drugs.

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Mm-hmm.

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one of these guys who scallops though, he's got selected phrases at the top of

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his head and he just rattles off things really quickly in a way of trying to

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illustrate that he's intelligent, smart, but I think it's just done in a gish

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gallop way where he throws stuff out, he's not really genuinely trying to engage.

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But anyway, that's just me.

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That was Katie Perry.

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Okay.

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Rick's, so bricks we mentioned last week is the Brazil, Russia,

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India, China, and South Africa.

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So it's not a free trade.

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Members do coordinate on trade matters, and they've established their own

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bank called the New Development Bank.

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And China has also set up its own bank, the Asia Infrastructure Bank.

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And those two banks collectively have 100 billion and they're set up as a

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sort of alternative to the imf, which of course will lend money to poor developing

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countries, but on the basis that they open up their economies and allow them to

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be raped by multinationals from the west and force them to do all sorts of things

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that are actually bad for their economies.

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We've talked about any number of times in the past.

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But essentially the IMF says you've got to Raise taxes, you've gotta

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cut social services, you've gotta sell off your national assets.

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So your water infrastructure or other, any infrastructure

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you've got, you've gotta sell it.

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And by the way, you are borrowing from us in US dollars.

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So if you currency tanks in any way compared to the US dollar,

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you'll really be screwed and you'll need even more money from us.

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And and I, and you've gotta allow our international companies to

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come into your country and buy up whatever they want to buy.

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And that's all of these bananas.

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Yes.

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And that's the recipe that the IMF imposes on these countries, which is just

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a recipe to keep them under the thumb.

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So Bricks has got their own banks set up to do a competition to

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the international military fund.

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And so I think let me just where is this?

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Bring up this graph of what bricks looks like.

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I think, yeah, so that's what this is a proposed bricks

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expansion is on the screen.

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So, essentially there's a bunch of countries who are

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looking to join this group.

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So the countries that are looking to join are Algeria, Argentina, Iran Saudi

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Arabia, Turkey, Egypt, Afghanistan, and Kazakhstan, Nicaragua Nigeria,

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Segal, Thailand, United Arab Emirates.

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They're all sniffing around wanting to be part of bricks, and that's a

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real danger for the US in terms of maintaining control because the IMF

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and it's the way it operates has been a big part of us maintaining

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its control over the world system.

Speaker:

And let me just leave this one across here so I can read it on its own.

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Hang on one second.

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I'm coming off the mic a bit, aren't I?

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Hang on.

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So there's some interesting things to do with China.

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So really we mentioned last week about the u US trying to screw down in terms of

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chips, for example, where they're saying to the world must not sell these machines

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that will allow China to build these high quality computer chips and other sanctions

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that the US wants to impose on China.

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And one of the problems for the US in trying to get other countries to

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join them in these sanctions is a lot of these countries are doing a

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calculation and they're thinking, Well, we do a lot of trade with China.

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Not so much with the usa.

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So why would we piss off the people that we do most of our trade with

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for you guys and money talks.

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So on the screen is a image of US China trade war, and this is 1980 and it

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shows in blue which countries most their biggest trading partner was America.

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And it shows in red the countries whose biggest trading partner was China.

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And you'll see that there were very few countries that were red and most

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of it was blue, and that was 1980.

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If you then go to 2001, you will see a minor expansion to Africa in the

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Middle East and some of the sort of.

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Stand countries, I guess, in middle Europe.

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And then going forward to 2018, when you look at the world map in terms of

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trade, China just completely dominates.

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So it's only been a matter of, of 40 years where it's gone from what was essentially,

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actually maybe that's on the next slide.

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Let's see if that turns out.

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No it doesn't.

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Essentially in 40 years, most countries that most of their trade was with

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the usa and now for most countries, most of their trade is with China.

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And that's what's going to be the tipping point where these people

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say, No, not gonna do what you want.

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Sorry.

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Love you America like a brother, but only so far.

Speaker:

So see how that pans out.

Speaker:

Let me just, Muck around with some windows on the screen here.

Speaker:

What else have I got here?

Speaker:

Not sure whether to show this or not.

Speaker:

What have I got in my clips?

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Where are we at, Joe?

Speaker:

8 53.

Speaker:

That's long enough.

Speaker:

Mm-hmm.

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, I've got some clips, but if I get into those it'll just keep, keep going.

Speaker:

One of them's titled Chinese Angle searches.

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That's kind of tempting to show that one, but go on.

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. I mentioned earlier that Drew Pavlo, I was the one Twitter person I follow

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who has a paid for his blue tick and he's just notoriously anti-China.

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And he basically found this image of this woman who was being arrested by

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police with hands behind her back.

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And he wrote here, Let's see how CCP supporters like Daniel Rumble, try to

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defend Chinese police pinning people to the ground while performing anal swab

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tests In public, you would think this must be indefensible, but you never know.

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It's gonna picture that he's seen in on Twitter again, I guess.

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And you only have to look closely at the image.

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And the woman, the angle swab is actually basically a zip

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tie, a white plastic zip tie.

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And her hands are being tied behind her back and can't think of, well, no,

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sorry, I can't think of anal test that requires an anal swab and that's to

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see whether you've got bowel cancer.

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Yeah.

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And I can't imagine the police going around arresting people to check

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whether or not they've got bowel cancer.

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No.

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And and it's just clear from the picture.

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With the positioning of the hands and the positioning of the, of the zip tie.

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This is, this is nowhere near this woman's just resting her.

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Yes.

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And Drew is demonstrating a lack of knowledge of anatomy as well.

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There's a lot of other things on this one, so.

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Mm-hmm.

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, picture the show i'd.

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So, Alright, , thanks in the chat room for being there.

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It's an hour and a half that'll see us through.

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Not sure, be on the agenda for next week.

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Be something similar.

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Not sure.

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We'll talk to you then.

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Bye for now.

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The Iron Fist and the Velvet Glove
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