Have We Reached “Peak Madness” Yet? With Tarric Brooker...
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- Опубліковано 2 жов 2024
- We are back for another Friday chat with independent journalist Tarric Brooker, as we explore the latest data and charts and try to make sense of what is playing out politically and economically at the moment.
Can things only get better?
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I always love listening to your channel Martin- and boy do I laugh when Tarric is on too, he's fantastic! I put you on the head phones each night and clean the house. I am just a housewife but I feel like you've given me such a valuable education over the years. Thanks!
Wow, thank you
I concurr, love this channel🤗
Being "just a housewife" is one of the most valuable roles anyone can have. Certainly more valuable than being a banker, lawyer or politician.
I just came here to post what John did. Housewives are the backbones of civilisation. I didn't understand this until I had children.
@@johnoneill1011 two parents having to work , is where it all went wrong .
the the governments are smart , they offered all sorts of wants cheep , while allowing needs to go up in price
while allowing tax advantage to the people who did not need tax advantage
Australia just needs to tear up the export gas contracts that don't pay royalties and Australia would have the cheapest energy globally.
Then throw a massive party and ease up on the immigration pinto which is killing the state economies. ( thanks to Leith van Onselens analysis)
Thanks guys ..we aint seen nothing yet.storm are gathering quickly
Keep voting the major parties and we'll keep getting the same crap.
Time to grow some balls and vote independents. People who will actual work for the people.
You definitely will if you keep voting for the people the media pushes.
Just remember we've had 8 years of the alp since Bob. Hawke .
stop voting at all if u want real change! They'll crumble!
@@gore1089 , before voting every body needs to check which 3 letter groups the canadates belong to
@@gore108911 years, 6 months actually. You could ad another 3 years for Turnbull who is a Labor champagne socialist dressed up as a Liberal. Don't forget how many years we have had under Labor Premiers. Two wings of the same bird. Don't vote for either of them. Nor Greens or Teals.
Time for One nation
My sister has had an ndis business for 3 years . Just paid cash for 3 million house. Socialism is amazing
Always a pleasure to listen to common sense from you both. Can i add that on the Economic complexity list (Countries listed for their diversity of income) Australia is placed at 95th globally....we sit sandwiched between Uganda and Pakistan!!!! Yet, even though we are a minerals, coal and gas superpower we give it all away for free to the likes of Santos. Imagine the wealth we could generate if our politicians were not being bought off by these industries and instead put the people of Australia over their own vested interests.....
Trump or Biden for leader of the free world! If that is the best we can do, we are doomed!
What about the lap top ?
Joe needs to be put in a retirement home the debate was so hard to listen to 🫣🤔😳👀
only trump could have gotten away with , forcing both red and blue people to take the jab , with no come back to big pharmer . it is all an act
😅 there is no free world as long as there is Maritime corporat corruption on land.
Yeah it's pretty crazy that these two are selected from 331 million people in the USA. However don't despair, these two are just the choices the rulers have presented to the American people.
As a non GMO I'm starting to think there was something in that jab because people these days seem to have strange thinking.
I wondered the same. Where's the logical thinking gone ? The critical thinking ? Democratic processes ? Or even protests or advocacy groups challenging the Govt over the cost of living & people loosing their homes ? People have been behaving weird for a while now.
I always like to make the comparison, the Japanese say peal away the layers to get to the centre, I believe nothing and for the last 30 yrs we have been in comma , the main-stream has brain washed this country and are as cunning as snakes , think , nobody stops to think anymore, they gobble it all up , it’s disgraceful to think people believe a.b.c absolute garbage , lobbyists from industry and contributors funds to our leaders….
it is debt causing it , most people are decent , but they beleave the government is there to help them .
but they are starting to see . the government has never helped the 99% , it is always the 1% that get all the tax advantage
Let's add residential property onto that 3.5% inflation ey
Got a painting quote from a Gen Z bloke with a wife, 2 kids and a mortgage of 6k.. semi retired boomer bloke was 3k. Gen Z was breaking even and Boomer was making a profit. Australia is broken😢
How though ?
@@bigbrother4ever no debt and tax advantage
@grizzz6884 I see. Yeah. I remember I had a boomer tradie at my house a few months ago. Told him thing are tough these days. He told me he doesn't feel any difference 😆 😂
@@bigbrother4ever boomers are living in a parallel universe😂
@jonnylong1564 to be fair to them, if you have a paid off house, you won't feel much. Most of the pain atm is from either rents or mortgages. Food and stuff have increased for sure but a)you could be creative around these like keep your shoes for one more years or buy from a 2 dollar shop and for food, maybe buy more rice and beans as Ramsey would say. But with rents and mortgage, there is little you can do... except maybe inviting complete strangers to your house as flatmates.
Members of both Houses of Parliament are required by law to take an oath of allegiance to the Crown. Not one of them have not even Button or Albo'rtion!
They swear allegiances to their Masonic overlords- that’s the problem.
The next 3 months will see as much crazy as the world can do.
Next 4...include the US election
I reckon peak crazy can go off the charts later 2024/25 - US election/wars.
Umm 6 months including usa election!
Vote minor parties or the independents.
Shun both major parties.
A strategic long term vision for Australia will never happen while politicians spend all their time arguing on opposite sides of the fence and voters keep flip flopping between sides. Yet, a strategic vision is exactly what we need - for public housing, manufacturing, health, education and environment. All we currently have is very broken systems and promises of band aids.
All by design bro. We been played since the birth certificate. But Martin wont tell u this as his clicks will fall😘
If voting worked, they would not let you do it.
Left & right politics is an illusion, They're all actors
The IEA is forcasting 114 million barrels a day liquid fuel consumption with global crude oil production being in decline since 2018. Is this not scaring the horses. The cost of liquid fuels impacts every facet of the economy from mining to agriculture to transport.
Privatising services is paying taxpayers funds to largely scammers. It does not matter what government services are privatised the costs rise sand services cut and some providers get rich.
Thanks Martin and Tarric. I’ve been looking forward to this. Great show and chat.
More to come!
Who is the Queen of Australia?
Another great discussion!
Do you guys see any clouds on the horizon for the Perth market with the onset of iron ore crashing? Mineral resources announced last week they'll be cutting around 1k jobs from their business and although the media hasn't announced it, BHP and Rio have been making redundancies.
Several banks were predicting an 11% increase.
Increase in what, cost of ore?
Perth market isn’t tied to iron ore anymore. We are attached to global investors buying houses market.
There removing cost both companies are making a fortune it cost about 10 per ton , wasn’t that long ago it was 40 still business as usual
If you mean housing, our ppor (6019) has apparently doubled in 5 years with no sign of stopping any time soon, surreal.
Plenty more madness left in the tank i think
Agree! It's only getting started imo.
Burn out economics 😅, love the analogy. Canada is leaving skid marks too 😂
Exactly!!
The Australian economy is a basket case. Our leaders are incapable of leading. Unfortunately only the market will change us and that could take years.
the 1 % do not agree with you , they have never had it so good
14:30: Labor wont cut immigration. I think super high immigration is now a defining feature of Labor. Kevin Rudd did the same thing.
I hate the scam level price groups are charging for NDIS jobs. People need these services but if companies of middle men keep leeching from the system there's no way future governments will keep the NDIS around. I was getting paid $30 an hour as a sub contractor, have to my own tax and pay my own super. A client tells me one day that the sub contracting group was charging about $50 an hour on top for themselves. This is for cleaning work, i'm sure the numbers are orders of magnitude higher for jobs involving qualifications in other fields. Reminds me a bit of job keeper, funneling money into bigger groups and companies while people at the bottom toil away.
Nope, it's going to get worse before it gets worse.
Very good presentation
What inflation? Wages are not rising, which mean you don't have inflation, you have stagflation. Completely different beast!
Burnout economics = Smoke and mirrors from those behind the wheel
its not burnout economics for the 1%
So much common sense, its dangerous! Love u guys!
Libs revealed their hand re gerrard rennick
52:00: Bringing in all these people, who don't necessary have a high degree of competency in what they do, or don't have the specialty we need in this county, would also cause stagflation.
The government seems to like people with degrees. We sort of need more manual hands on people.
It's hard to find because no super funds graph or google graphs want to show it. But the asx 200 has only got back up to the GFC 10yrs+ ago!
If it wasn't for the nuttiness of the gas situation and zealotry of RE we wouldn't need to be having a nuke power debate.
Bad haìr day tarric 😂 great show gents
Bed hair 😅
Thanks Martin and Tarric. 👍
RBNZ chief Hawkesby spoke on the immigration think in November.
Heavily criticised but so true.
Won't last its a political fashion.
Doesn't align with agenda 2030
Excellent analysis gent's, thank you
Our pleasure!
People have forgotten the fundamentals. More ppl aka demand, less production aka supply means inflation. Duh.
Maybe we need to print that on t-shirts. People clearly do not understand the basics of supply & demand.
I wish they could help people off grid then we could get off the utility harvesting system
That's a bad idea. The things left on the grid (business, in particular heavy industrial users) will get hit even more.
Qualifications and degrees mean nothing nowdays thanks to AI and unions.....become a nurse / doctor over years of learning and not earn as much as the local paddle pop person on the road or govt employee
@19.00 the way we are taxed is the problem , and until we get an even tax system or no tax system , nothing will change .
Protect and tax our resources properly, break up monopolies and tax corporations properly, and then we could abolish Income and GST tax
Love both your work, thank you. Although.... if we played a drinking game based on "You know" a stomach pump would be required.
I don't know why people are expecting rate cuts. I would say they are pretty average now. Lower interest rates than that means things are not doing to well in the economy.
😂 world has been on low rates since GFC, even at 4.35 is still low,😂 right now we re going through the painof bubbles, of course only mid income earners get the pain
@@grantourismo0109 yeah I agree with you, that's why I think that people who are expecting rates to drop to be low again are crazy.... or they just made bad decisions and took out way to much debt and are now desperate. Low income earners also suffer the most.
If you believe in the research from Raoul Pal and Tom Lee. Bull market / Banana zone will come in September or October.
SPX to 7000, Bitcoin to 300k.
The NDIS is a major Labor Government failure, providers are invoicing services at the NDIS rate not the real rate. People are making fortunes from this "scheme" costing the taxpayer Billions! Just saying Tarric is not only intelligent, but, very handsome just like you Martin😀
Thanks Martin and Tarric. What do you think about Bill Shorten’s work on this? It will be good to get a pros and cons from your pov.
@31.50 . the government has always made a problem worse .
name one thing the government has done , that has not increased tax for the people who do not have tax advantage
What happens when much vaunted AAA ratings is downgraded! Nappy days
AUKUS is a dangerous indulgence. What country is a threat to Australia? The US has been the worst invader of other countries, with failed wars since WW11.
It's called Dutch disease. Twenty four years of elevated energy and materials with a huge current account surplus. We are now walking on air with those floating mountains in Avatar 😢😅
Looking at how Japan is part of the empire, supplying them with cheap gas is understandable and seeing Australia isn't for Australians morely so. Also NDIS imo is to provide a funds flow to the middle class which this current asset price inflation economy can't provide.
NDIS is being funded by Goldman sacs ‘investing’ in ndis housing good for govt but not for the people who are renting these houses.
Always a great show you two
Thanks
Besides voting for an independent what can we actually do to push for a change?
Needs to be another.5% rise...Aug/oct or Aug/Feb
The people working for the RBA need to live in the real world instead of relying on their outdated data
reserve bank rate is not the rate charged by the banks which is up to 4% higher.
Traffic looks hung over .........again
Terrible lighting.
The end of Freebie mentality.
same old bs !..........another beer Traffic?🍺🍻😃
Tarric is the best. Legend!
Higher rates reduce supply and increase prices
And old man vs a con man. Word.
Hello Martin and Tarric 🙂
Is there a causal link between QE and inflation? Just sayin'.
Yep, money supply increases lead to inflation...
No
All those problems you mentioned - Medicare dying, bulk billing falling apart - isn't the market going to fix it? Isn't that the plan we have had for 50 years now and counting?
Remember to be a double or triple hater in the next election 😅
Watching those two debate was like inviting a metal patient into your home.
Nope
Not even close
Another great discussion Martin and Tarric. Michelle Bullock is someone you'd want as your kids school teacher, not the mouth piece of an economic sledgehammer. I'm sure the subscribers to this channel appreciate the effort and research put in. Delivering this level of content isn't easy.
Absolutely Thanks Tony!
it depends on whether you believe we were on the moon
The Great Gig In The Sky (2023 Remaster)
the math says we are ,
Thanks
Many thanks!!
Tarric looks like a lazy bum who doesnt shower and gets food delivered to his front door stay home haha
I wonder if the unemployment numbers are lower than the past - if some of the long term unemployed have been moved to the NDIS? If so then wouldn’t this artificially lower the unemployment numbers permanently?
What's happened is people are going onto the NDIS because of genuine disabilities which didn't exist before the pan.
For every excess morbidity that happened because of the treatment, there are 10 who can no longer function live or work effectively in society.
Some just wanted to keep working but being penalised by cost of living same as everyone and forced to take social security unable to survive on lower income than their normal high earnings , it’s boarder line collapse of society , take what you need to survive if you want to live..
It doesn't count the underemployed and anyone not on welfare. The majority of positions I have applied for recently have 100 - 400 applications. Employee shortage rhetoric is bs. The Tradie shortage and unaffordable housing would end once we stop immigration and the foreign sellout.
NDIS is propping up the economy and employment figures. Unskilled people are being paid $50-100hr to do very little. Middle-men are taking generous cuts through pop-up businesses, subcontracting and providing basic services. People with higher needs are being funded hundreds of thousands of dollars a year, even over a million dollars with the money going straight into deep pockets of business owners. It's a ridiculous system where "business" people are becoming rapidly wealthy and people with disabilities are loving in absolute poverty, increasingly homeless and having to beg for adequate funding because prices are now so outrageously inflated.
@tahliamobile
Exactly, this was the lnp undermining the NDIS just like they undermine Medicare at every opportunity.
These people do not want us to have anything that gives us power or independence.
Build infrastructure
Thank you
Show me 1 politician that is All there….for the people… no such politician exists.
Long story, short: we're stuffed or soon will be. Great news really, if it helps the Coalition at the election.
@@Garden-offgrid the plan was for them to be one term . all is going to the 1 % plan
Apart from a handful of great Liberal Senators, the majority are still WEF puppets.
Coalition will (try to) throw men into bs military slavery when the powers that shouldnt be ramp up global conflict. We can do better.
Bad hair day eh Tarric?