Aussie virus economics

[Anonymous No.18093260]

>hospo workers out of job for 6 months
>record number of people on cenno
>cenno gibs increased
>some banks giving some leeway on loan repayments
>can take up to 10g out of superannuation twice to cope

Thoughts opinions?
Me personally, I am going to take 10g out of my super as soon as we can apply mid April.

[Anonymous No.18093503]

>>18093260
> Take all the tax payer gold and gib to chink & boomer retard.

I work in financial and I have seen many chink try to exploit the stimulus pack. We r fucked.

[Anonymous No.18093517]

No aussies stuck on hold to cenno with time to shut post?

[Anonymous No.18093536]

>>18093503
How are they exploiting it?

[Anonymous No.18093570]

is it opening up to everyone or just those on the dole?

I'm still working, business is strong but not sure how sustainable it is. saving fucking everything.

gf in beauty and finished yesty. playing animal farm all day. comfy af

[Anonymous No.18093896]

>>18093260
>record number of people on centrelink

What a fuckin useless stat, of course there is when there is more people in Australia than ever before.

[Anonymous No.18093939]

>>18093570
Only people on centrelink payments get it. However if you are eligible for cenno payments and apply before, I think April 13, then you will get plbackpaid all the Corona bonus money.

[Anonymous No.18093959]

>>18093260
6 months? where did it say that?
Can anyone take super out?

[Anonymous No.18093974]

>Withdrawing super

[Anonymous No.18094053]

>>18093260
Yeah I'm honestly failing to see any other scenario than eventual hyperinflation for us boys. Anyone got any other predictions for how the government is going to pay for all this free stuff without simply BRRRRRRRRRR'ing their way to the bank?

[Anonymous No.18094173]

I bought some BBUS today at 4.92 per share. How did I do?

[Anonymous No.18094308]

>>18094173
Based

[Anonymous No.18094368]

>>18093536
Nice try neet. Im not about to let any neet to exploit taxpayer money

[Anonymous No.18094429]

>>18094053
I'm seeing us heading to deflation more than hyperinflation now - if the debt bubble pops then Australia's public and private value will drop drastically, GDP too. if nothing is being produced to fill the hole left by a potential debt collapse then cash will become a lot more scarce, I also see this scenario with banks wiping the publics digital cash ending in only physical cash being used,

Anyone think I'm right/wrong? want to hear what other people think on that desu

[Anonymous No.18094434]

>>18093260
Queensland schools are about to close down

[Anonymous No.18094470]

Withdraw 10k super, then re contribute before 30 June, claim as tax deduction.

[Anonymous No.18094478]

Fuck knows what the future holds but I've already gone in twice for free money on iron ore stocks when they crashed and then dipped and now I'm all cash again
collect scomobux and cash out super and proceed with caution
good luck cunce

[Anonymous No.18094884]

>>18094470
based

[Anonymous No.18094917]

>Withdrawing super

You’re cooked cunt.

[Anonymous No.18094972]

>>18094917
Depending on your age and your needs. It’s not a bad idea. You’re fucked if you’re 40+

[Anonymous No.18095081]

>>18094917
withdrawing super isn't a terrible idea as long as you use that opportunity to invest it.

if you take 10k out to grow it yourself you stop the fund from bleeding you dry with unexplained fees, and you take control away from the government (if you're 20 now you're exposed to the risk of the government pulling some shit with your super in the next few decades before you retire and its released to you)

[Anonymous No.18095241]

I can see how withdrawing super is a risk if you are older or going to stay in the same industry forever. I'm changing early 20s just finished my degree. Been working hospitality for the passed 6 years and have 24k super. May as well take 10k to get over the hump. I know 10k will be work 130k in 40 years. But I'm going to be making big Bucs soon and can afford the risk. I'll just up my super contribution when I land a job in the next 3 months.

[Anonymous No.18095258]

Will pulling out super fuck with my tax return. I took long service last year and my tax return was shit

[Anonymous No.18095301]

>>18095241
>when I land a job in the next 3 months
What industry anon? About to grad engineering here and unsure what my future holds

[Anonymous No.18095326]

Do we think ScoMoBux are going to end up going to people not on welfare? I'm a god forsaken Part time student/Woolies wagie who earns about $1100 a fortnight. This fucking sucks.

[Anonymous No.18095337]

>>18095081
These are my thoughts, I don't think super will be around once I can retire, would rather use the money to just buy some index's myself and aim for retiring early through passive income

[Anonymous No.18095469]

>>18095301
Public health, specialising in mental health.
>>18095258
No they said this withdrawal is tax free and you can still get rona gibs

[Anonymous No.18095495]

>>18095469
Fuck nice - you'll be sweet. Plenty of bullbros will be needing your expertise soon

[Anonymous No.18095503]

>>18095301
Check your state government graduate program. Vic applications are about to close, you only start on 58k for the first 12 months, but you get heals of experience and a garaunteed promotion into state goverment st the end. That looks fucking good on your CV

[Anonymous No.18095504]

>>18093260
>live in based WA
>get bailed out of another GFC by mining industry

[Anonymous No.18095533]

You can only withdraw super if you meet one or more these criteria btw

[Anonymous No.18095570]

>>18095503
Yeah will do - got a feeling its mainly just going to be public sector and big mining companies hiring if this shit keeps up. Cheers

[Anonymous No.18095852]

>>18095570
In 20s as well, dont worry cuz. We got plenty of opportunity to make our money we just gotta endure these times so even if you pull out your super you'd be sweet.

[Anonymous No.18095867]

>>18094429
wiping our finance will lead to a lot of trouble

[Anonymous No.18096047]

>mfw flying under the "non-essential job" radar
literally nothing has changed for me baybeee

[Anonymous No.18096074]

>>18093260
may as well take out as much as possible, nobody these days is going to be able to retire anyway

[Anonymous No.18096109]

>>18094470
how much tax refund will that net you

[Anonymous No.18096113]

>>18095504
That's alright, we've already had much of our metro property tank 20% in the last 6 years. It's Sydney and Melbourne's turn

[Anonymous No.18096134]

>>18096047
>>18096074
>>18096109
Hey newfag, learn to contain your shit in one post.
>how much tax refund will that net you
You fucking retard, you don't even understand how tax refunds work? You're obviously in the bottom bracket.

[Anonymous No.18096152]

>>18096134
I havent done a tax return once I. my life

[Anonymous No.18096557]

>>18096152

[Anonymous No.18096628]

>>18095852
Only have around 10k - also not technically eligible. Considering quitting (Woolies) and getting job seeker then claiming the super. Its just a fucking clown world rn so sticking it out as a filthy wagie might be the way to go

[Anonymous No.18096741]

>>18096628
Just withdraw all your super, if you only have 10k, you have your whole life to make it back. Once the casinos open back up you can have one hell of a fucking night.

[Anonymous No.18096959]

>>18094429
Can't imagine a scenario where digital cash is wiped. I feel like that would just end in riots over comparisons and gains or losses between people, companies etc.

The country has been in a per capita recession for almost 5 month's now, and way before corona, we have had record high mortgage stress and debt to income ratios anyway. Keep in mind this is with a low unemployment rate too. Where we are headed next I beleive is either a fuckton of people start defaulting on their various loans, starting slow but eventually a house of cards.

Or, if the banks have realised (likely) that waves of people defaulting means their actual balance sheet and assets go way the fuck down, and they have to sell this debt, they will have to extend payment terms, ease up even more somehow on Interest, offer some incentives or releif packages etc.

This is in addition to the government Going for QE and inflating asset values from purchasing them. It will feel like a bad recession but will seem things are borderline fine on the surface imo.

One thing we have for us is our strong mining exports, especially gold, Nickel and iron ore. Business ramping up after a AUD/metal basis value increase will supply a bunch of new jobs as the miners scramble to debottleneck and increase throughput.

[Anonymous No.18097120]

>>18095301
What state and discipline?

[Anonymous No.18097229]

>>18097120
Qld and Civil

[Anonymous No.18097351]

>>18097229
You got any plans to civilly engineer higher IQ into all the inbred banana benders?

[Anonymous No.18097496]

>>18097229
Nice mate I'm mech in nsw about to graduate too.

[Anonymous No.18097589]

>>18096959
Strong minerals exports only matter if consumption remains strong. And it is not. Its about to fall through the fucking floor. As is the tax base, because of reduced consmption. This is why Scummo is trying not to shut the place down.

We're in big trouble.

[Anonymous No.18097863]

Hospo worker here. Everything is looking pretty fucked work wise. I've been on workers comp for a month now for an Injury so now I need to make that last a little longer. I'm eligible for the cennobux once compo is run-out and I'll be able to pull 10k out of my super in 2 weeks. Misso starts working from home tomorrow so I think I'll be right for a while. Gonna take all the money I'm saving from not leaving the house and Chuck it in long term investments. Plus the 10k of course.

How fucked are we looking lads? My parents were joking about it 2 weeks ago and now they ring me every day freaking out. All the Boomer's are starting to realize how serious it could be for them. I feel like we might be good if all this lockdown shit gets followed but who knows.

[Anonymous No.18097919]

>>18093974
I dont think you understand the gravity of the situation fully my boomer friend. Your super is gonna get fucking massacred.

[Anonymous No.18097999]

>work in tech company
>now fully remote
>get free monies to buy gaming/office setup
>just bought BBUS shorts
>have money saved up to buy at the bottom
feels comfy man

[Anonymous No.18098049]

>>18095503
>goverment civil job
>good on CV
Public sector engineers are a joke. They subbie everything out The only thing you end up doing is paper pushing

T. Engineer wagie I'm VIC

[Anonymous No.18098225]

>>18098049
Still, not a bad stepping stone. Good references and looks good on paper. I don't know how competitive the graduate program is, but I'm kind of hoping in all this chaos, there will be less competition for me to get in.

[Anonymous No.18098422]

>>18098049
what area mate?
I'm on a casual payroll for an eng consult in VIC while I finish my degree but this virus has thrown everything up in the air, and I haven't been called in since my placement ended last month
So anxious to find out if I'll still have a job waiting for me in a few months

[Anonymous No.18099885]

I literally make my living off of trading. Is there any way I can apply for cenno for a few weeks and get the Coronamoney and then just piss off?

[Anonymous No.18099923]

>>18099885
If you don't pay taxes then they will assume you are unemployed. So go ahead and apply.

[Anonymous No.18099982]

>>18099923
Well I pay taxes unfortunately. I don't honestly don't understand what 'unemployed' means in the context of receiving gibs

[Anonymous No.18100440]

>>18094368
>lets chinks exploit the system
>”fuck you bogan scum, only chinks get to exploit the system”
Never change Australia

[Anonymous No.18100542]

>>18094368
your not doing anything. money printer dont stop til the ink supply fails

[Anonymous No.18100627]

>>18099885
>I literally make my living off of trading.

nice larp

[Anonymous No.18100717]

Lmao I was studying at Uni while bartending and since scomo shut down my job i'm gonna get paid more than i would (after tax) each week by the government. All the meanwhile i'm seeing boomers everywhere screeching over the fact that their superannuation is going to down the toilet and that the government is giving free money to dole bludgers
Thanks scomo, i might actually vote for you at the next election lol