/biz/ - Business & Finance

[Anonymous No.11610783]

What the fuck is their secret for such a strong economy for so long? is it as simple as having the government back the fuck off the people? or the hot Australian bitches?

>recession-free for 25 years

>GDP of 1.323 trillion USD

>5.4% unemployment

[Anonymous No.11610803]

>>11610783

>is it as simple as having the government back the fuck off the people?

you’re still talking about Australia, right? anyway the secret is natural resources and selling the country to China.

[Anonymous No.11610807]

Five eyes

[Anonymous No.11610808]

Australians have the highest per capita ownership of LINK

[Anonymous No.11610817]

>>11610783
The secret is Kevin Rudd giving away money so most people could buy a big TV, also what the anon said about China.

[Anonymous No.11610819]

how are austries so into Link?

[Anonymous No.11610822]

>>11610783

We're going to pay for it in the next 5 - 10 years when our economy collapses and China swoops in

[Anonymous No.11610838]

[Anonymous No.11610841]

>>11610783
We are so fucked if interest rates rise.

We rode the mining boom. We rode low interest rates and property surge from overseas investors.

Interest Only loans are beginning to end and people have to pay back their principal on the loan. Inflation and stagnant wages mean people don't have much left to spend.

We will be in a recession in 3 years.

[Anonymous No.11610845]

>>11610838

[Anonymous No.11610847]

what makes you think theyll be a recession in the next 5-10 years anon?

[Anonymous No.11610851]

I've spent the last 5 months in a regional town of 100k pop. The consumer culture here is so different to what I am used to. Keno papers on every restaraunt table (even the fancy ones) and people actually play keno. People donating money left right and center despite living wage to wage. This consumer confidence is one aspect. The other aspect as mentioned before is that we are literally selling off our land and housing to China, important skilled immigrants to do our bidding, and we fucking hate asymlum seeking cunts. Also we have a lot of coal, iron, diamonds, opals, and gold. Coal is doing well for us at the moment with our government selling it off to the filthy pajeets.

[Anonymous No.11610856]

>>11610841
https://www.abc.net.au/news/2017-08-21/how-interest-rate-rises-could-affect-home-loan-stress/8798274

[Anonymous No.11610865]

aud/usd 2.0 2022

[Anonymous No.11610877]

>>11610851
>town
>100k pop

[Anonymous No.11610881]

It is catching up with us OP
Property market is biggest market in australia, when it crashes the domino effect will be catastrophic

[Anonymous No.11610883]

>>11610845

well that’s pretty impressive. I guess they have far and away the most gold per capita then

[Anonymous No.11610892]

>>11610881
you think itll be something similar to the last US recession with the house market crash? if so, ill go all in shorting the market and become the next DR. Michael Burry

[Anonymous No.11610894]

>>11610883
ding ding ding

but china's coming for us, no doubt

[Anonymous No.11610906]

>>11610894
Australian world government 2100

[Anonymous No.11610926]

>>11610817
This is true. Rudd saved us from a recession yet Labor is blamed for our economy going into debt.

Both major parties are shit but fuck these lying Liberal cunts. Country has doubled the debt since being in power. I hope we collapse in a big way. Country is fucked.
Following the rest of the first world in letter third world scum flood our country to keep the bubble inflated.

[Anonymous No.11610945]

>>11610892
Possibly heavier as we've been pushing back the 2008 recession for a decade now

[Anonymous No.11610989]

I laugh when US media uses Australia as an example of a great economy. We pull things out of the ground to sell to China, and we build houses. One of those things is currently in the process of crashing with no survivors, the other is likely to die if the US-China trade-war doesn't end. We are so fucked.

[Anonymous No.11610992]

>>11610807
Smartest comment in the thread.

[Anonymous No.11611136]

small population size with ocean walls. Tight immigration policy. Even socialism and non-innovative rent seeking doesn't fail when the population is small enough. Also there are no economic blockades like other poor countries.

The place is a wagey's paradise. I've encouraged many to come here and take their 6 figure jobs. Not everyone can come and get a permanent visa.

[Anonymous No.11611146]

Chinese money is the only thing keeping Australia afloat. That place is fucked.

[Anonymous No.11611199]

>>11610819
No idea. 31k holder from brisbane here. I dont understand why there are so many of us.

[Anonymous No.11611244]

>>11611199
Raised on propaganda, susceptible to meme power. CL relies on gaining institutional adoption, institutions don't want decentralised oracles, they have APIs by trusted central parties to fulfill this function. I'm honestly going to feel for you all when it doesn't turn out.

[Anonymous No.11611257]

>>11611199
cubes man

[Anonymous No.11611293]

>>11611244
> Raised on propaganda, susceptible to meme power.
Oh yeah, we're so much worse than europe and the JewSA when it comes to this
> CL relies on gaining institutional adoption, institutions don't want decentralised oracles, they have APIs by trusted central parties to fulfill this function.
Wow yeah you're totally right. You might want to write to swift or fidelity or ari juels or the large list of others working on this / with this and tell them that the time they have invested looking at this particular aspect of blockchain tech thus far is a waste of time because (sources: dude trust me) said so.
> I'm honestly going to feel for you all when it doesn't turn out.
Lol I don't care what you will or you won't feel. If it fails it was still a good bet given what we know, but you're just another dumb dog barking at things it will never understand.

[Anonymous No.11611304]

>>11611199
Why is it when Oz link marines sound off its majority Brisbane.

Also from Brisbane, we have to over throw palaszczuk and declare LINKTOPIA

[Anonymous No.11611309]

>>11611244
You've had a fucking year astro you dumb balding gremlin fuck

[Anonymous No.11611325]

>>11611304
Yeah I noticed a lot of Brisbanites myself... and fuck Pala. Such a retard. That being said - mosr of our politicians are retards. We need to do something about the politics in this country one hundred percent.

[Anonymous No.11611364]

>>11611257

[Anonymous No.11611408]

>>11611293
>mah swift partnership
Not confirmed by Swift, CL not talked about in any way at their event just passed. When they talk about DLT, they preface it by saying its half a dozen years off. This partnership is as real as every other crypto project alluding to a partnership to keep bagholders.
> fidelity and long list of others working on this
Fidelity took part in a proof of concept, thats it.. Smart contract bonds will be a thing, decentralised oracles will not be trusted, cost effective or wanted over current oracle solutions.
>Lol I don't care what you will or you won't feel. If it fails it was still a good bet given what we know, but you're just another dumb dog barking at things it will never understand.
I understand this space quite well, its why i've stayed the fuck away from Chainlink. If you manage to make it with this, its because you swing trade and sell on each wave. Long term holders are going to get rekt.

[Anonymous No.11611454]

>>11611408
Yawn. 0 arguments of substance as per usual.
> t-they don't want decentralized oracles! They just run pocs and have them speak at sibos for years running as a prank!
> the old way is better! A new decentralized way will never be trusted regardless of the benefits!
Maybe just stay away from discussing link when you see it come up? You're clearly out of your depth and you don't even know how to use a filter. You're either larping as a retard, or we should all be applauding you for managing to type without choking to death on your own tongue.

[Anonymous No.11611527]

>>11611199
>>11611304
another Brisfag reporting in

[Anonymous No.11611531]

soft cock queenslanders get the fuck out

[Anonymous No.11611543]

>>11610783
>australia
>recession free
>being this naive

[Anonymous No.11611587]

>>11610926
Rudd did no such thing. He is a complete fuck up and did absolutely nothing for the country, unless you call token his apology to ozniggers "something". Idiot.

[Anonymous No.11611593]

Australia has a strong local manufacturing economy and a very future and education orientated political leadership and population. Understanding that the resource boom was a temporary windfall that would need to be leveraged for future prosperity, we made huge investments in education, science and technology so that the next generation would be at the forefront of the world when it came to high tech research, manufacturing and exports.
Our extremely competent environmental management has also ensured that our natural beauty will continue to be a huge tourist draw, and our decisive and intelligent action to save our Great Barrier Reef has not only guaranteed future billions in tourist dollars, but also demonstrated to the world how intelligent, organised and well executed environmental management should be handled.
Derisively dubbed "the lucky country" in decades past, we have leveraged that luck intelligently, with foresight and great organisational skill, to guarantee that, in the future, we won't need luck. We'll make our own.

I wish I could write that. Why can't I write that you fucking incompetent, hopeless, malingering, dumbfuck, redneck, backwards, stupid, fuckheaded pieces of political shit.

[Anonymous No.11611665]

>>11611593
Fuck you gave me the slightest glimmer of hope and savagely ripped it away

[Anonymous No.11611680]

>>11611304
Cos you're a bunch of loud redneck bogans who can't resist squawking 'yeah brisvegas bro!' everytime Australia is mentioned.

[Anonymous No.11611683]

We prop up our economy by having rich Chinese buy all of our properties as a store of value so they can get their money out of China and charge them a lot on stamp duty.

[Anonymous No.11611687]

im starting a telegram for the brisbane crew, this cant be a coincidence. All Ausfags welcome. Lets get organized.

t.me/brizchan

[Anonymous No.11611689]

>>11610783
If Australia was a farm and the government was the farmer

The farmer just sold most of fields for a lump sum but now it has little income, we just sell our rescources to other countries when we should be using it

Idk enough about politics

[Anonymous No.11611693]

>>11610877
Aus towns aren't like northern hemisphere towns. If it's less than 100k it's a fly-blown dump with decaying buildings and abos squatting in the middle of the street. Small towns don't really exist.

[Anonymous No.11611706]

>>11611693
Not everywhere. All the boomers are escaping to the country and there's a bourgeois "cafe farmer" culture in heaps of places.

[Anonymous No.11611711]

>>11611665
it raised my eyebrow there for a second

[Anonymous No.11611719]

>>11611693
Far north coast was full of small towns when I went there

[Anonymous No.11611724]

>>11611593

>unironically believing the Reef is dying

you’ll be saying the same shit 50 years from now.

>>11611693

there are some nice small towns but yes some of them are diabolical as you said. a general rule to follow seems to be that the drier it is, the shittier it is.

[Anonymous No.11611732]

>>11611593
Our governments the best show on tv in Australia
I wish tony abbot would come back

[Anonymous No.11611746]

>>11611693
do you live in sa or the nt? all of the most beautiful and clean places I've seen in australia are small towns with less than 40k pop

[Anonymous No.11611749]

>>11611711
Join the telegram. We need scepticism

[Anonymous No.11611778]

>>11611693
I live in a 30k town in the south west (Bunbury).

>fly-blown
In summer, sure.

>dump
Suburbs are rough, but that's true in the city as well. Town is actually nice if slightly boring.

>Decaying buildings
Ok, a lot of the buildings in the CBD are pretty old, but that's the charm. New stuff goes up all the time.

>Squatting "Abos"
No, there aren't. You're thinking of some remote aboriginal community or some shit.

Pic related.

Overall I'd say visiting here is nice in summer, but living here is boring. There's little (but not none) work or education.

I lived in Perth for 9 months and became suicidal, so I don't know, I guess it's just about what you're used to.

[Anonymous No.11611784]

>>11611746
>>11611724
>sa
Yep so that's what I'm going by. However as >>11611719 said far north qld has some very nice sugar cane towns. Once you're in the dry interior it's very hard to make a living so everything is shit.

[Anonymous No.11611808]

>>11611199
Canberra fag reporting in.
I swear im the only one here kek

[Anonymous No.11611864]

>>11611808
Get off this board Andy it will rot your brain

[Anonymous No.11611870]

>>11611199
Brislinkie reporting in

[Anonymous No.11611873]

>>11610819
I hope you didn't take my above comment seriously. I was 100% larping

[Anonymous No.11611875]

>>11611808
Canberra fag here too
I hope kambah burns again lol

[Anonymous No.11611895]

We literally just have all the rocks in the ground other countries want. And we still got so much land we havent even begin to explore for natural resources

I live in WA and the mining boom was the best period ever

[Anonymous No.11611907]

>>11610783
One of the reason why Australia has strong economy is because of a use of our aussie dollar being float. Its also the reason why our currency is always weak against the US and Euro.
This was according to my professor who worked in public policy.

[Anonymous No.11611981]

>>11611199
35k Brislinkie here, I just want make it enough buy my own apartment near the city.

[Anonymous No.11611986]

>>11610783
>What the fuck is their secret for such a strong economy for so long?

Pure luck. We are a banana republic economy. We have no manufacturing. We produce nothing. We just mine rocks out the ground and sell them raw, we were lucky fhina really needed them and it saved us. We also farm and sell wheat, sheep and other banana republic tier exports.

>is it as simple as having the government back the fuck off the people?

Nope, this country is a nanny state. The government is constantly all over you. Taxes are high, freedom is very low.

>or the hot Australian bitches?

A hot aussie girl is about as rare as a thin girl in a McDonalds. Most chicks here are uggo's.

>5.4% unemployment

It's faked with fudged numbers. Neets are everywhere here.

>>11610808
>>11610819
>>11611199

Sydney anon here. I have a top 900 wallet. I invested in Link so I can escape this shithole country though.

[Anonymous No.11612013]

>>11610851

I used to work in a bar, and had to put those fucking Keno papers out on the tables. Manager wanted multiple papers and pencils on every fucking table in the establishment which was over 100.

We actually had shit tons of people come up and pay for Keno tickets too and would play the game all fucking day. Once saw some dad teaching his kid how to play.