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The Salt Mine: Dig Deep, Stay Salty

Big Al

Well-Known Member
I am tipping rates on hold today.

The RBA governor sole objective is inflation not housing rates or struggling families.

The media are piling on a lot of pressure

The banks have already factored in a few cuts

Albo is waiting for today to decide when he calls an election

Biggest anticipation in a while on the RBA but I don’t think things are lowered enough for cuts on inflation. It’s trending right but it’s still above or just in the band (depending which inflation rate you look at).

Also don’t take the Governor as one to care about other peoples thoughts.
 

pjennings

Well-Known Member
I am tipping rates on hold today.

The RBA governor sole objective is inflation not housing rates or struggling families.

The media are piling on a lot of pressure

The banks have already factored in a few cuts

Albo is waiting for today to decide when he calls an election

Biggest anticipation in a while on the RBA but I don’t think things are lowered enough for cuts on inflation. It’s trending right but it’s still above or just in the band (depending which inflation rate you look at).

Also don’t take the Governor as one to care about other peoples thoughts.
I'm tipping a cut.

The RBA are supposed to look at the following

Charter and Core Functions
  • the stability of the currency of Australia;
  • the maintenance of full employment in Australia; and.
  • the economic prosperity and welfare of the people of Australia.
Policies in pursuit of these objectives have found practical expression in a flexible, medium-term inflation target, which has formed the basis of Australia's monetary policy framework since the early 1990s. The policy objective is to keep consumer price inflation between 2 and 3 per cent, on average, over the business cycle. Monetary policy aims to achieve this over the medium term as a crucial precondition for the promotion of sustainable economic growth and employment.

This was a decision of the early 1990s - not part if the charter. The problem lies in that John Howard changed the definition of full employment to 1 hour of work a week. We are nowhere near full employment and the RBA is not fulfilling their charter.
 

Big Al

Well-Known Member
Cut of 0.25%

Won't be passed on for months anyway by the banks so no benefit in the short term.
Well my jinx worked your all welcome.

From what i am hearing the banks have already factored in a few so we will see it plus it’s election time. Banks need to keep themselves in the shadows for now
 

Stuartmcateer

Well-Known Member
Well my jinx worked your all welcome.

From what i am hearing the banks have already factored in a few so we will see it plus it’s election time. Banks need to keep themselves in the shadows for now
Since deregulation of the banking industry in the 80's they are practically a law unto themselves. They have no need to stay in the shadows as sunlight doesn't impact them.
 

true believer

Well-Known Member
I am tipping rates on hold today.

The RBA governor sole objective is inflation not housing rates or struggling families.

The media are piling on a lot of pressure

The banks have already factored in a few cuts

Albo is waiting for today to decide when he calls an election

Biggest anticipation in a while on the RBA but I don’t think things are lowered enough for cuts on inflation. It’s trending right but it’s still above or just in the band (depending which inflation rate you look at).

Also don’t take the Governor as one to care about other peoples thoughts.
i think trump has well and truly killed that .
 

FFC Mariner

Well-Known Member
CBA and NAB passing the cut on on 28th Feb.
Westpac 4th March
ANZ crickets.
Banks make the profits they do because of Australians financial illiteracy.
At call is 5.25% with Macquarie and pensioners locking their money away in terms deposits for 4%
I've seen people with money in savings but credit cards and car loans.
I'll keep pocketing my dividends thanks
 

pjennings

Well-Known Member
The RBA keeping rates artificially high was attracting capital from overseas and adding to inflation. i.e. By being out of sync with the major economies the RBA's stubbornness kept inflation higher for longer.
 

Big Al

Well-Known Member
The RBA keeping rates artificially high was attracting capital from overseas and adding to inflation. i.e. By being out of sync with the major economies the RBA's stubbornness kept inflation higher for longer.
They are hardly high little own artificial.

Overseas do invest to get the returns but it’s not really inflationary like

Coles and Wollies
Insurance companies
Health funds
Council rates

That all put up prices above CPI to make profits.

While people are struggling they need to stop the spending so prices stop.

Interesting decision today.

They should never have gone down in covid as we had stimulus and no one was loosing there jobs because of it.
That is the real reason for the problem.
 

Hello Sailor

Well-Known Member
I'm not interested in a binary yes/no game across a long list of topics, especially when each requires nuance and critical thinking. But I'm not sure you do want to engage in any legitimate discussion vs push a narrative and attack a whole religion?

In both instances I was merely looking to challenge two specific claims, without taking a position on your broader points. If your broader argument depends on these claims, then accuracy matters.

To address your two criticisms of me.
1. If you wish to play semantics over the use of the term 'exponential growth', sure we can debate it... but I don't think your point was about an accelerating trend in isolation. Rather, it was about a projected trajectory leading to an Islamic majority, something that would take approx 4 centuries and assumes no external factors or shifts.

You're right that I shouldn't have linked your argument to the 'Great Replacement' theory, as you didn’t explicitly make that claim, though the implication drew similarities. I acknowledge that and apologise.

2. Again, I wasn’t disputing your broader sentiment, nor was I taking a position against it, only ensuring the details used to support it were accurate.
They are straight forward questions and I dont think that there is any ambiguity. If you see some then as I said you could just say NO. If you choose not to accept the challenge that's fine, but it was an opportunity to clarify your view and knowledge on the content of the posts, rather than seeming to dismiss that content because you didn't understand exponential growth and because of an unintentional inaccuracy that I graciously acknowledged.

I cant see how there can be any debate of exponential growth. This is not a case of semantics; its meaning is quite clear.

Islam is the fastest growing religion in Australia. I think that it the population of its adherents doubled from the previous census. What is your source or working in arriving at four centuries?

Thank you for the apology. I appreciate it.
 
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true believer

Well-Known Member
They are straight forward questions and I dont think that there is any ambiguity. If you see some then as I said you could just say NO. If you choose not to accept the challenge that's fine, but it was an opportunity to clarify your view and knowledge on the content of the posts, rather than seeming to dismiss that content because you didn't understand exponential growth and because of an unintentional inaccuracy that I graciously acknowledged.

I cant see how there can be any debate of exponential growth. This is not a case of semantics; its meaning is quite clear.

Islam is the fastest growing religion in Australia. I think that it the population of its adherents doubled from the previous census. What is your source or working in arriving at four centuries?

Thank you for the apology. I appreciate it.
sailor bot constructs an echo chamber then cries ,no one is wants to answer his strawman.
thats salty
 

pjennings

Well-Known Member
They are hardly high little own artificial.

Overseas do invest to get the returns but it’s not really inflationary like

Coles and Wollies
Insurance companies
Health funds
Council rates

That all put up prices above CPI to make profits.

While people are struggling they need to stop the spending so prices stop.

Interesting decision today.

They should never have gone down in covid as we had stimulus and no one was loosing there jobs because of it.
That is the real reason for the problem.
The main point is the RBA are not looking to their charter but to a policy they set in the 1990s before an underlying condition on which the policy was based was fundamentally changed.

The fact that this is not raised every time there is a Reseve Bank board meeting is an indictment on the quality of journalism particularly economic journalism in Australia
 

Wombat

Well-Known Member
Jim, over the centuries Christians have done far worse, including the Catholic Church aiding and abetting the Nazis.

And Christians continue to harm in the name of their religion.

However, my point is that this is just extremism on all sides, the extremes you have pointed out, the extremes from Christianity, the genocide of Palestinians by zionists, the extreme religious violence in India etc.

The vast majority of those who follow religion, include Islam, are peaceful, loving people who wish no harm.


I get your point but again you are burying your head. You are talking about Christians centuries ago. I am listing tragedies THIS WEEK.....and literally EVERY bloody week. No other religion encourages such mindless and sick violence.
However, your last point is 100% valid (and i am friends with dozens of Muslims). The majority of Muslims are peaceful people who want a peaceful life.
 

true believer

Well-Known Member
Thanks for your constructive criticism Paolo. I hope you don’t mind me offering you some in return. I’m not perfect. If I’m wrong I can concede it, as you have just seen. I just hope that you can too.

Post One

You don’t seem to understand exponential population growth and focused on this failing rather than address the Jew-hating evidence in islam’s scriptures, the long history of Jewish persecution by muslims, the oppression of non-muslims in countries today and you tried to smear me with some stupid reference to a ‘great replacement’ which I did not make.

Despite this I tried to be polite by not calling you ignorant for not understanding exponential population growth and gently conceded that even if you didn’t understand this, or that if I got this wrong [which I didn’t] that you can’t dismiss the awful history of Jewish persecution and its justification in Islamic texts.

Post two

I provided newspaper articles as evidence of Islamic religious leaders’ defence of atrocities against Jews. Instead of condemning them, you admonish me for a widely reported claim as ‘sounded like gas the Jews’. When I looked further into it I agreed with you that this was incorrect and even provided a link to that effect. These charming representatives of the ‘Religion of Peace’ [sic] were chanting “f**k the Jews” “Kill the Jews’ along with “Where are the Jews”. To a terrified group facing this mob the effect on them is probably the same.

Again you focus on a minor point rather than the broader one being made. Ie that police did not adequately deal with an angry mob of muslims baying for Jews and chanting to Find them, f**k them and Kill them. Instead the police directed people who have every right to walk the streets and wear a yamulka and Star of David, to go away. The hateful mob should have been punished, not the Jews.

Instead Jews had to resort to civil law. You also don’t address the points like harassment and threats made on campuses and CHILDREN afraid to go to their schools FFS.

So here’s a challenge for you, and your fanclub Mariner Mick, PriorPeter, FFC and Captain Gus; on the content that you chose not to comment on.

A simple Y/N from each of you please.

1Do you acknowledge that the koran and hadiths contain jew-hating passages?

what passages are those ? are they the same as the hebrew scriptures demanding genocide ?
1 samuel 15:3
2.Do you acknowledge the long history of murder, forced conversion and enslavement of Jews by muslims?
how many pograms ,inquisitions and massacres were carried out by the Christians?

"With no accusation of Christ-killing to contend with, Jews under Islamic rule were spared the demonization they suffered in Christendom. "


3.Do you acknowledge that Nazis and the Grand Mufti of Jerusalem were allies?
as were the soviets till june 1941 . the jews had been attacking the Palestine's long before that.
seems you conveniently forgotten the fact again.
4.Do you acknowledge that the president of Iran, [a theocracy with nuclear ambitions] declared that Israel should be ‘wiped off the map’?
your rapist,felon god king ,tore up the nuclear agreement with iran .
where as iran doesn't have nuclear weapons . israel posses over 200 nukes
with a military with a reputation of first strikes
5.Do you acknowledge that exponential population growth occurs when offspring outnumber their parents, and when those offspring in turn continue this trend?
i'd think most australia migration is coming from india .
i sympifies with you as those guys turn up at the cricket and have a better fast bowler than pat cummins

" the Indian-born population is now second-largest migrant community in Down Under"
6.Do you acknowledge that this population growth is greater than that of non-muslim populations in Australia?
no
7.Do you acknowledge that if this trend continues that it will lead, at some point, to a majority muslim population in Australia?
maybe hindu .but im cool with blazing hot vindloo
8.Do you acknowledge that muslim identification numbers in our census may be understated?
i suspect their are alot of people scared of white nationalists
9.Do you acknowledge that non-muslims in muslim majority countries get persecuted?
nationalism is a global problem .seems if you were being honest .you would acknowledge that
10.Was it wrong to accuse me of referring to a “Great Replacement’?
another white nationalist myth .british israel indeed
11. Do you condemn the Jew-hatred carried out by muslims and their supporters on campuses, outside schools, synagogues and in public places like the Opera House?
black african gangs right
12. Do you acknowledge that the Police, and campus administrations were inadequate in their response?
i wish they'd ban sub woofers too.
13. Do you condemn any muslim preacher teaching anti-Jewish ideas?
yes . this is your usual duplicity

just for sailors handler
 
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