Australia is set up to fail

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  • Опубліковано 4 вер 2024
  • This week's Treasury of Common Sense with Luke Grant at Radio 2GB.

КОМЕНТАРІ • 160

  • @lornacarlos
    @lornacarlos Місяць тому +54

    It is criminal, we have gas and sold to other countries, without leaving some for domestic use.

    • @user-vu1lb6qb3z
      @user-vu1lb6qb3z Місяць тому

      Cold hard neo Howardism, totally legislated. Worse still. Walking away from reconciliation, cost of your flag. sugar coat it for the next election. Charles only legit on gold. Jack is out of the box. Ramifications learned during first and second white world war. Responsibilities adjust Universital basic income.
      Aboriginal wrote this Neely Fuller Jr Hip hop comics.

  • @susanwhite5839
    @susanwhite5839 Місяць тому +66

    More people should be exposed to the failings of the idiots in charge#

    • @Grace_and_Truth78
      @Grace_and_Truth78 Місяць тому +6

      They aren't idiots, they know exactly what they are doing.
      You will be own not...., and be happy

    • @tobybrown1179
      @tobybrown1179 Місяць тому +2

      No royalties on LNG extracted off platforms offshore around Australia, how fucked is that, and stuff all royalties when extracted off our land as well

    • @aaronaaron3003
      @aaronaaron3003 Місяць тому

      ​@Grace_and_Truth78 What are you rambling on about your not even making sense mate 😂

    • @MrRusselljpenttila
      @MrRusselljpenttila 25 днів тому

      The motto being you own nothing and be happy for it.
      Which industry in Australia does NZ control, under who's influence.
      Australia acted on a promise, which they can't turn back from.
      Question for the queens council, should the governor general of Australia dismiss parliament and the Judiciary for foreign adherence.
      The Federal Court judges are deemed high court judges, and within the Act contains NZ.
      Anyone of those judges can correct the problem, not just those within the high court.
      Otherwise with culture being a nest of contradictions.
      NZ needs another eye poking.

    • @MrRusselljpenttila
      @MrRusselljpenttila 25 днів тому

      They'll block due process, on who's order and from when?

  • @ivansultanoff6719
    @ivansultanoff6719 Місяць тому +48

    Not only Australia-all anglosaxon countries-part of the plan😢

    • @Grace_and_Truth78
      @Grace_and_Truth78 Місяць тому +4

      Calergi with a k

    • @Grace_and_Truth78
      @Grace_and_Truth78 Місяць тому

      Check it out

    • @madness5327
      @madness5327 Місяць тому +3

      European nations including the Mediterranean- the same immigration and policies in Spain and Italy ..
      It's the Christian Countries that is the common denominator..
      This is spiritual..

    • @Grace_and_Truth78
      @Grace_and_Truth78 Місяць тому +1

      ​@@madness5327yep, rev 2:9/3:9. Societies with secrets, lame gang signs...

    • @sirrobinofloxley7156
      @sirrobinofloxley7156 Місяць тому +1

      Spirit of the race, it's racial.

  • @nicolaasvanroosendael697
    @nicolaasvanroosendael697 Місяць тому +31

    Don't forget the 56pc sent offshore with no payments to the government via royalties. Insane policy.

  • @okradokrad
    @okradokrad Місяць тому +57

    "Australia is a lucky country run mainly by second rate people who share its luck. It lives on other people's ideas, and, although its ordinary people are adaptable, most of its leaders (in all fields) so lack curiosity about the events that surround them that they are often taken by surprise." - Donald Horne, 1964

    • @andrewst9797
      @andrewst9797 Місяць тому +1

      And Australia was still a 'clever country' with some first rate people in charge in 1964.. compared to now.

    • @oznews1
      @oznews1 Місяць тому +1

      @@andrewst9797yer mate . Good point 👍🏻✌🏻

    • @michaelfung4629
      @michaelfung4629 Місяць тому +1

      No, Australia is a small population controlling a whole continents resources.

    • @oznews1
      @oznews1 Місяць тому

      @@michaelfung4629 that’s a whole different debate point. We question the mentality while your mentioning the resources 🤨

  • @Straddllw
    @Straddllw Місяць тому +20

    I am glad that the issue with gas and energy prices are getting more talked about. The absurdity of our energy situation is a travesty.

  • @kenmiller2341
    @kenmiller2341 Місяць тому +32

    All done by design

  • @Boababa-fn3mr
    @Boababa-fn3mr Місяць тому +16

    Someone must have been bribed or paid off to agree to this model. It makes no sense from any other perspective.

  • @stevecamo1
    @stevecamo1 Місяць тому +17

    A good title and a good subject, many people agree with you either openly or quietly. Either complete incompetence in government or deliberate strategic planning for this desired outcome.
    We are being hit from so many sides deliberately that only God can save us now.
    Eyes wide open now.

  • @petermurphy2167
    @petermurphy2167 Місяць тому +13

    You pay for "free "solar ,electric vehicles subsidys and other energy upgrades through your power bills.

  • @petecommanche9344
    @petecommanche9344 Місяць тому +10

    Donald Horne was actually quite kind in his book the Lucky Country. As long as we 'follow' we are doomed to follow the path of pathetic farm animals, sheep really, as indicated proportionate to the extent of their apathy.

  • @rosa9079
    @rosa9079 Місяць тому +19

    I just wonder when we’re going to get out of this quagmire. The next election is an IQ test.

    • @lukeclifton4392
      @lukeclifton4392 Місяць тому

      Australia possibly has the largest population of morons in the western world. They don’t represent wider Australia… they are but a small geographic, of densely populated individuals such as immigrants, woke university students and public servants.
      They winge and whine about house prices but they’re afraid of moving outside of the cities… because they think they have no job prospects. Happy to spend a literal fortune on rent/mortgage, tolls, parking etc though🤷‍♂️🤔
      The very “idealism” these Australians hold, is their own undoing!

    • @HP66856
      @HP66856 Місяць тому

      Well said.

    • @damienpalmer242
      @damienpalmer242 Місяць тому +1

      An IQ test with no right answers.

    • @laurenceallan1603
      @laurenceallan1603 Місяць тому

      Do you not realise we are no longer governed but ruled. They are selected not elected, just look at Victoria.

    • @stewy2909
      @stewy2909 Місяць тому

      Both party’s are the same. No difference other than government spending. Same policies on climate, housing, lack of infrastructure, the cults of alphabets soup and the aboriginal industry, destroying union power, the radical far left influence in all level of education, and bowing to foreign corporations that loot our natural resources.

  • @user-dd5hs2is2j
    @user-dd5hs2is2j Місяць тому +5

    We are under the influence of the Anglo American regime. When Golf Whitlam wanted to nationalise our mineral resources, he was forced out of office by the British Crown and American interests. Not many people knew at the time, but the Queen was majority shareholder of Rio Tinto, and of course with the heavy investment from the Americans, there was no way they were going to allow that to happen.

  • @troubleabout5137
    @troubleabout5137 Місяць тому +42

    And yet nobody thinks that our government is corrupt

    • @lornacarlos
      @lornacarlos Місяць тому

      I thought both parties are corrupt because most of them are inbed with the globalists, left and woke.

    • @hereweare9096
      @hereweare9096 Місяць тому +9

      Are you serious? Everyone I speak to says that… Aussie’s know the government is fully corrupt

    • @trackdusty
      @trackdusty Місяць тому

      Politically corrupt for sure...and maybe more given the ALP track record. But both outfits are complicit in this. Third World corruption standard.

    • @Boababa-fn3mr
      @Boababa-fn3mr Місяць тому

      Aussies are corrupt, too, that's the problem.

    • @tobybrown1179
      @tobybrown1179 Місяць тому

      Diesel to be $3 litre 2025

  • @jamiehoward7478
    @jamiehoward7478 Місяць тому +12

    We're not taxing resources properly, yet Qld is about to vote in an LNP government that will water this down further.

    • @doodlegassum6959
      @doodlegassum6959 Місяць тому +6

      And Queensland has no senate to act as a check on the excesses of the executive government.
      Bugga

    • @slug.racing
      @slug.racing Місяць тому +2

      Water what down

    • @user-dd5hs2is2j
      @user-dd5hs2is2j Місяць тому

      @@slug.racingThe liberal party will always be subservient to banks and corporations, their main donors.

    • @Neil-yg5gm
      @Neil-yg5gm Місяць тому +1

      We are getting plenty of tax money from our resources. Governments are just wasting it. Why would you want to gove the govt even more money?

  • @sunrisesunset8843
    @sunrisesunset8843 Місяць тому +12

    Future Senator LVO - Smart Australia Party😊

  • @ayoubahmed3421
    @ayoubahmed3421 Місяць тому +13

    There is no doubt this is a deliberate policy from Australian politicians if you disagree with that comment then you need to agree they are simply dumb.

    • @user-dd5hs2is2j
      @user-dd5hs2is2j Місяць тому

      Brainwashed by the neoliberal narrative sprouted by well funded think tanks. ASPI comes to mind, but there others that arrived through the Mont Pelerin Society established in 1947. These policies of mass privatisation, deregulation and outsourcing was thrust upon the western countries in the 80s, to our detriment.

    • @sirrobinofloxley7156
      @sirrobinofloxley7156 Місяць тому

      Is there any real national politics in globalism?

  • @rc2276
    @rc2276 Місяць тому +3

    I appreciate someone standing up and speaking the truth.

  • @robwill9007
    @robwill9007 Місяць тому +1

    We have been told the same in Victoria our gas is going up as well. I can't understand why people voted for Labor and Greens.

  • @talkeetna911ify
    @talkeetna911ify Місяць тому +5

    Too many sheeple and no dragons !

  • @gcc849
    @gcc849 Місяць тому +3

    Awesome!!
    I watch the macro world with intensity, and my biggest issue is trying to figure out how the information I am hearing actually impacts Australia…..there are only a few real sources that present a true macro outlook of our beautiful hard fought for country…..
    You are one….thank you

  • @patfallon3027
    @patfallon3027 Місяць тому +1

    When Donald Trump was going for presidency in 2016 his slogan was , let's make America great again, he was a president with a business mindset, we need in Australia a prime minister that has a industrialist mindset not a social and woke and one that would abandon the stupid renewable energy that has cost Australia dearly

  • @NotPoliticallyCorrect407
    @NotPoliticallyCorrect407 Місяць тому +11

    If you keep this common sense bullshit up Leith, we will be calling for you to run in the next election. 😂👍🏻

  • @sunrisesunset8843
    @sunrisesunset8843 Місяць тому +8

    $3.5 trillion super industry in Australia. Take 1% of super and future contributions into a fund to develop land lots right around the country. Sell at cost price then pay back to super funds. Really cheap land and a big supply, will bring down house prices. The overwhelming majority of money in super funds is held by older Australians. That is best thing they can do to help younger Australians, Lend 1% of their super which they get back.

    • @user-dd5hs2is2j
      @user-dd5hs2is2j Місяць тому

      The Labor Party set up a fund to do that, but their to busy using that money in speculative investments,hoping to make a profit. Not one cent has been spent for actually building houses.

    • @tinkingtinking2134
      @tinkingtinking2134 Місяць тому

      ​@@user-dd5hs2is2jthe real Scammers in other words

  • @jessiejordan2853
    @jessiejordan2853 Місяць тому +4

    Who makes these decisions? Surely there's someone people can petition to get this changed?

  • @danabray945
    @danabray945 Місяць тому +15

    Australia is toast

  • @bobjuniel8683
    @bobjuniel8683 Місяць тому +2

    Privatisation of government has had the worst impact in Australia. We have extremely high energy prices, while rich Australians and overseas investors pocket huge profits. They are extracting Australia's wealth, what once belonged to every Australian. Stop the low, low, low taxation on mining resources.

    • @EarthKeeper13
      @EarthKeeper13 Місяць тому

      It's a parasitic take-over. There is absolutely no love or respect for Australia, no reverence for it's undeniable beauty, richness of country and spirit. The continual extraction of Australia's wealth is an obscene addiction by those who's greed has become a disease. The terraforming and destruction for our country is being done by design.

  • @dean19641000
    @dean19641000 Місяць тому +12

    😂😂 smart country who was responsible for drawing up these contracts 😢 was labour 🙄 or liberal 🤔 or both 🤔

    • @Leithvo
      @Leithvo  Місяць тому +15

      The ALP approved the Gladstone LNG export terminals without domestic reservation. They also watered down the PRRT so that we receive less revenue from gas exports.

    • @keepitreal2902
      @keepitreal2902 Місяць тому +7

      ​​@@LeithvoThanks Leith for getting the message out there.

    • @Straddllw
      @Straddllw Місяць тому +6

      @@Leithvo i’m never voting for labor again.

  • @phoneticau
    @phoneticau Місяць тому +5

    Japan pays equ of 3 cents per KWh in gas energy we pay in Au 30 cents

  • @MullockHeap
    @MullockHeap Місяць тому +4

    Try being a full time carer on a pension. $16k was my annual income last year. Most of it was spent on rent 😢

  • @skinnytroopy
    @skinnytroopy Місяць тому +1

    Gas is perfect until it runs out.

  • @gavriloprincip1477
    @gavriloprincip1477 Місяць тому +1

    Oh the burning anger out here...

  • @morganoox3838
    @morganoox3838 Місяць тому +1

    The subsidies already, immediately went to electricity companies. Literally 3 weeks from the promise to the bill increases.

  • @williamcrossan9333
    @williamcrossan9333 Місяць тому +1

    Australia is set to do VERY WELL.
    The citizens? Not so well.

    • @paulfri1569
      @paulfri1569 Місяць тому +4

      A corporate pirate oligarchy..

  • @mrgillagorilla
    @mrgillagorilla Місяць тому +1

    We the people of Australia must take our country back of the criminals in our government.

  • @eileenxu
    @eileenxu Місяць тому

    Can Australia set up a board that is led by intelligent experts whose only responsibility is to analyse and test the attainability of any political promises/BS that the major parties use to gain votes?
    Prior to the election, the result should be revealed and explained to the general public to help everyday Australians to make informed decisions.
    We otherwise only waste our time to participate the so-called compulsory voting. 🙄

  • @Mazza666
    @Mazza666 Місяць тому

    1:25 Elbow "Cheaper Electricity" 🤣.

  • @peterfischer5459
    @peterfischer5459 Місяць тому +1

    Freedom and Democracy 😂😂😂 yeah right.
    We live under an Oligarchical Dictatorship, what do you expect?

  • @tobybrown1179
    @tobybrown1179 Місяць тому +1

    Royalties taken in is minimal on LNG . And free when extracted offshore around Australia

    • @Neil-yg5gm
      @Neil-yg5gm Місяць тому

      That is if you think $14B is minimal
      ""Taxes and royalties on Australian gas exports are expected to nearly triple amid booming prices brought on by the war in Ukraine.
      The fossil fuel industry lobby, the Australian Petroleum Production and Exploration Association (APPEA), estimates the gas sector will pay nearly $14 billion to state and federal governments in the 2022-23 financial year.

  • @nicolaasvanroosendael697
    @nicolaasvanroosendael697 Місяць тому +2

    Leith tells it clearly according to objective verified data. What's more to say.

  • @Laurie-si7mp
    @Laurie-si7mp Місяць тому +5

    What I don't get is chevron Exxon and Woodside are American oil companies that sell has to china and Japan I think they sell more to America on the cheap side and America sells it for a huge premium price isn't that right after all china are getting thiers cheaper from Russia because import costs are low because of proximity

    • @grosvenorclub
      @grosvenorclub Місяць тому +2

      Woodside is an Australian company and pays tax in Australia , yes Chevron and Exxon are USA companies . Exxon developed the gas fields in Bass Straight in Australia years ago in conjunction with BHP , Exxon had the expertise , BHP was the local .

    • @howlingowl9289
      @howlingowl9289 Місяць тому +2

      @@grosvenorclub Woodside and BHP are mainly owned by the americans now. They may be listed as an australian company but Woodside at least gets out of paying tax (not sure if BHP pays much tax).

    • @grosvenorclub
      @grosvenorclub Місяць тому

      @@howlingowl9289 Woodside paid about 630M tax last year and about 500M in Royalties probably to state governments . You can check all this online for free ! also BHP paid about $6.5 billion tax in the June 2023 year which was probably a good junk of the governments tax revenue . Thes two usual pay a framed dividend that can only be paid if they have paid Australia Tax . This info iand much more is all public . If you work and pay into a super fund , unless it is a SMSF I can almost guarantee that fund will own shares in theses two companies . Its amazing how you can increase your knowledge online

  • @user-gw7dv1ru9w
    @user-gw7dv1ru9w Місяць тому

    IN OTHER WORDS, OUR GOVERNMENT IS OUR ENERMY..AND HERE WE HAVE TWO WELL OFF AUSTRALIANS DISCUSSING HOW MUCH WORSE IT WILL BE FOR THE POOR..AND PROBABLY MAKING A DOLLAR OFF THE TOPIC..GO AWAY UNTIL YOU CAN CONTRIBUTE TO FIXING THE PROBLEM AND NOT BENEFITING FROM IT..

  • @killingfields5853
    @killingfields5853 Місяць тому

    So we all dont want it but have no choice? Then we are in prison

  • @trackdusty
    @trackdusty Місяць тому

    Leith expertly articulates all the more intuitive points masses of Australians are aware of. Onselen for PM!

  • @WillyWanka
    @WillyWanka Місяць тому +2

    Do we pay more for gas than China pays for our gas?

    • @Leithvo
      @Leithvo  Місяць тому +7

      Yep.

    • @slug.racing
      @slug.racing Місяць тому +3

      Yes

    • @shelby6622
      @shelby6622 Місяць тому +2

      Did you seriously just ask that question? You really are a WillyWanka aren't ya 😂.

    • @tinkingtinking2134
      @tinkingtinking2134 Місяць тому

      ​​@@Leithvodo certain people receive royalties from the gas being exported?

  • @johntustin8183
    @johntustin8183 Місяць тому

    Has been heading down that road since the 70's......no body took any notice...

  • @user-fz7zu7no9o
    @user-fz7zu7no9o Місяць тому

    ahh yes but howard wanted it this way dumb politicians we are still stuck with them all forever will be stuck with them all

  • @robertmallac8398
    @robertmallac8398 Місяць тому +3

    Cost of living is only an issue if you a have a large mortgage $300k plus, are renting or on a fixed income like a pension. Those who own property are loving life, house values up, super is killing it. This cohort is mainly retired boomers and now a chunky section of gen xers in their late 40's and 50's.

    • @Leithvo
      @Leithvo  Місяць тому +10

      Only one third of the population own their homes outright.

    • @starbright1400
      @starbright1400 Місяць тому

      Really? Unbelievable ​@@Leithvo

    • @maddyg3208
      @maddyg3208 Місяць тому +5

      Yep, we're loving the rising rates and land tax bills levied against out nonliquid assets, and the fact that our kids are priced out of the housing market Not

    • @Boababa-fn3mr
      @Boababa-fn3mr Місяць тому

      So it's only an issue for 67% of the population then?

    • @Boababa-fn3mr
      @Boababa-fn3mr Місяць тому

      So it's only an issue for two thirds of the population?

  • @mghh448
    @mghh448 Місяць тому

    Who do we complain too.

  • @Grace_and_Truth78
    @Grace_and_Truth78 Місяць тому

    12 [s]For we wrestle not against flesh and [t]blood, but against [u]principalities, against powers, and against the WORLDLY GOVERNORS, the princes of the darkness of this world, against spiritual wickedness, which are in the high places. Ephesians 6:12 Geneva Bible

  • @janinapalmer8368
    @janinapalmer8368 Місяць тому

    It sure is .... with this Green Labour coalition government we have ...

  • @andrewst9797
    @andrewst9797 Місяць тому

    The 'lucky country's luck runs out when you're stupid or complacent.
    Thanks to Labor & the "Greens" we are more than complacent!

  • @Petergrand371
    @Petergrand371 Місяць тому

    You're a werry smart man

  • @starbright1400
    @starbright1400 Місяць тому

    Is it a good time to buy residential real estate in Sydney now? Seriously need help on this one i dint know if im doing the FOMO thing

    • @Boababa-fn3mr
      @Boababa-fn3mr Місяць тому

      _There's NEVER been a better time to buy!_

  • @MaxBond-i4y
    @MaxBond-i4y Місяць тому

    It's nice to have stirrers like Leith around but he's just that. I'm not aware of any peer reviewed papers in academic journals he's written. Mainly he is just a self styled "economist" with no PhD or other academic credentials.

    • @Leithvo
      @Leithvo  Місяць тому +2

      So I need peer reviewed journals to talk common sense? Whatever you say buddy. I did an honours degree in Economics, and have worked in both the Australian and Victorian Treasuries as an economist. You don't need a journal to see what is staring you in the face. Have you ever considered that I have better things to do with my life than waste time in academia? Also, some of the most corrupted "research" comes from the same academics that you lawd. Just look at the way the universities pump endless lies about international students and immigration.

    • @MaxBond-i4y
      @MaxBond-i4y Місяць тому

      @@Leithvo Our prejudices are so deeply rooted that we never think of them as prejudices but call them common sense. George Bernard Shaw

  • @phoneticau
    @phoneticau Місяць тому

    6k subs less than 1k only 3 months ago l will say 20k by years end

  • @Yalbou
    @Yalbou Місяць тому

    Lee quan yeun the former leader called australia the "wh1te tr@sh of asia". I think he is correct

  • @user-vu1lb6qb3z
    @user-vu1lb6qb3z Місяць тому

    Howard's legacy, just walk away. Parli of one big portfolio. Benefactors of apartideb just doing nature
    Neely Fuller Jr Hip hop comics

  • @seansingh8862
    @seansingh8862 Місяць тому

    What Leith is saying here is badly misinformed. For Australia to use its exported gas on the East Coast a massive pipeline would need to be built and maintained.
    His comments account electricity generation also demonstrate profound ignorance on the topic. The idea that we could have a grid powered by nothing but renewables and gas is almost ridiculous.

    • @Leithvo
      @Leithvo  Місяць тому +1

      Wrong. We could easily emulate what Europe and the USA do and build some more storage plants in NSW and Victoria to store gas for the winter. The existing North-South gas pipeline only runs at capacity in the winter months. Thus, we could run it year-round and fill up storage for the winter months to use for heating and electricity generation. This is akin to Australians filling up their BBQ gas tanks in winter to use in summer. Again, it is exactly what the USA and Europe already do. It is not groundbreaking. You have clearly swallowed the industry's propaganda and have proven that you are misinformed.

    • @seansingh8862
      @seansingh8862 Місяць тому

      @@Leithvo I was referring to the East Coast vs West Coast gas markets which are completely separate networks and therefore have very different pricing.
      If you look at a map of Australia's gas basins you'd see that a North-South pipeline along the East Coast wouldn't do much to connect reserves to consumers. It would mainly connect reserves to reserves and consumers to consumers.
      However re your solution of warehousing gas, if it was really that straightforward, then someone would have implemented that plan. The fact that nobody has is a pretty good indicator that there is some sort of economic/financial/engineering/regulatory obstacle that makes it unfeasible.

    • @Leithvo
      @Leithvo  Місяць тому +1

      Your argument that somebody would have already done it is nonsensical. We see policy failures all the time in many areas. The obvious solutions are rarely taken. One of these failures was to be the only exporting region in the world not to reserve gas for domestic use. Tell me genius: why do Queenslanders pay exorbitant gas prices when they export 71% of East Coast gas from Gladstone? How does that work? Queensland customers are linked to NEM gas the same as residents from NSW and VIC.

    • @seansingh8862
      @seansingh8862 Місяць тому

      @@Leithvo The idea of centrally planned reservation of private production for domestic use is simply veiled protectionism, which is something that any competent economist can demonstrate to be a bad idea.
      Government fiat can obviously be used to drive down the price of any specific good or service and gas is no exception. But the idea that government can simply make Australians better off overall by intervening in the gas market is naive. And super-naive for an economist.

  • @LawpickingLocksmith
    @LawpickingLocksmith Місяць тому +1

    Get Sinwar to kiss Penney as she supports him, maybe she will look at a better orientation?

  • @Laurie-si7mp
    @Laurie-si7mp Місяць тому +3

    All hail china and Russia

  • @jaketyler9191
    @jaketyler9191 Місяць тому

    Bollocks all you do is fear mongering. Australias one of the most successful economies in the world of the past few decades. Of course theres room for improvement though, as there always is.

    • @vincentcacciola7161
      @vincentcacciola7161 Місяць тому +6

      Barlow successful for who ? Look around the circus 🤡 are in town

    • @jezg084
      @jezg084 Місяць тому +5

      What is our economy? Selling resources and selling houses - that isn't an economy.

    • @quietprofessional4557
      @quietprofessional4557 Місяць тому

      Some people live in reality. Others live in delusion. The OP is clearly the latter.