The Shit Pit

Spotlight on 7 doing an exposé of the Chinese run nickel industry in Morowali Indonesia.

Unbelievable.

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welp 4 super funds got hacked.

Superannuation funds including Rest, HostPlus, Insignia, Australian Retirement and AustralianSuper have all reportedly been targeted. However, so far AustralianSuper appears to be the worst affected.

At least 500k was stolen.

Thankfully that’s the Super Companies problem, not the customers themselves.

It’s their own liability and they are insured to cover such losses.

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why hackers be stealing from working people…probably china.

:smiley:

I mean they way Trump’s screwing the markets there’s not gonna be any money in the super anyway.

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musk / bezos / zuckerburg have each lost about $30 billion… so it’s now like really important, and a hugely big deal…

tremendous…

They are counting on the Argentinian model working in the US. They have 18 months left to make it work before the mid-terms

Similarities to my business. I’m glad the Aussie dollar is dropping, makes it cheaper for international buyers to buy my product, the local price and demand goes up and I win.

The red tape is a very valid point, even in my short time couple of decades, there has been so many extra rules, registrations, compliances and they ALL add to the cost of production.

I’m roughing it out with Merino, WA has mostly gotten out of wool production and gone for X breds or dorpers due to the live export ban so hardly any wool production there and as they found they can’t offload them over my way especially when there is droughts and floods on as that crashes the market to where a sheep is worth nothing.

The gov again just banning something to feel good and with NO solution to cover the huge gap left.

In my case the future looks good, still trying to ride this drought but I’ve got my plan, wool and meat dual purpose sheep. Shearers are already complaining not much work around as lots of farmers switch to pure meat sheep or out completely.

Cost of shearing has gone up, but still sustainable for me, as long as the market doesn’t crash and I make profit it’s good.

Once the east coast dries up and things start growing they will be looking to re stock from losses and add more, which will drive the market up, which is just starting to happen now.

I’m a breeder so I make sheep. Let the jokes fly :rofl: :rofl:

I’m no political expert by a long shot but my gut feeling is we would’ve been a hell of a lot worse off had Kamala won being that she was under Bidens thumb and he was a complete gronk

I honestly don’t see how it could possibly be worse than the current political and economic situation the US is in under Trump.

No allies, plans to dominate the globe, invade Canada, Panama, Greenland, turn Gaza into the Gold Coast, hand Ukraine over to Putin, start a trade war with your best business partners that puts inflation through the roof and plummets shares on the stock market and make everything so expensive the average citizen can’t afford it.

Oh yeah… Donny’s doing a great job. :thinking:

But, in his mind, trump is winning bigly…

he’s always right, always perfect, and the drama is all everyone else’s fault…

His scyhophants enable his fantasy world, on a daily basis, so everyone else is just wrong and stupid…he’s always the greatest…

When the MAGA faithful are broke, unemployed and homeless…

THEN the penny might drop, he’s an inept conman moron who’s ruined every buisness he’s ever touched… why wouldn’t he do the same to the USA…??

So …Aust stock market is down $160 billion in one day…
The same amount bezos/ Zuckerberg/ musk lost as well…

I think the retirees will notice it a bit more, than the 3 above…

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I knew that when I woke up at 5am this morning and saw the Aussie dollar. Ha those sharks at the ASX when they get out of bed and get working at 9am are going to be tearing their hair out haha then everyone will whinge about it 12hrs later. Wash rinse repeat.

Rare earth mineral companies are the only ones that will hold or go up through this. Got that info days ago from a friend. I should hit the stockmarket :rofl:

It’s a reset America has to do as they can not sustain their debt. We will cop some fall out but not much in the bigger scheme of things and things will pick up by end of year, can almost guarantee it. Will for me anyway.

Yes Trump is a dick, but what did I say from day dot… he’s a business man and will run it like one. I ignore all the bullshit he sprouts and look at what he does which is more important, you can spend hours glued to FOX news or whatever pick your flavour and still have no fkn idea as the media sprouts their own narrative for views. And popularity.

Australia sells virtually nothing to America, so what the f are we all worried about :man_shrugging: They can have their shit quality meat in their Macca’s if that’s what they want, we’ll just sell it to Japan instead, they love it.

America already has big shares in our mining industry so they are tariffing themselves. But they have to do it or they will crumble and China knows it and has been waiting for it.

The other problem with stockmarkets and investors, is they do not like uncertainty. I live with uncertainty day to day. Improvise, adapt, overcome… oohrah Gunny Highway :rofl:

I know how we all love seeing feet in our blaster photos… so for those who aren’t keen on showing off their hooves…

Gotta get a set of these for @BME so he can retire his socks and sandles! :stuck_out_tongue_winking_eye:

Ive got more So-andles…

Than you can handle…!!

:rofl: :rofl:

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Bare feet most of the time…

Thongs for those times bare feet aren’t acceptable…

Etnies when thongs won’t do… in that order. :wink:

What did I say to you early this year @BME … strap your flight shoes on we are in for a bumpy ride. I told ya, no point in accusing any one person, you can if it makes you feel better, but you have to be prepared I knew this was going to happen.

Trump can’t get agreements and wars stopped, he’s got all guns pointed at Iran trying to get them to come to denuclearization by May 30 I think the cut off is for negotiations. Ayatollahs have told him to get fucked basically. Hence the build up of hardware and are having pot shots at the Houthis while the Yemen army has withdrawn to the otherside of the country to not get in the way. There is the Iranian PM who is trying to make a deal with the west but he is seriously outnumbered.

Iran has thousands of long range anti ship missiles that they can cut of that passageway which also, China relies on for it’s oil and coal. It’s a bold move chess game that could go either way and that is the way Trump plays. Risky. He will front you, but if you front back, then it goes hot until the victor has won. Only one place has the hardware to do any sort of damage to places like Fordo besides the Shin Bet on the ground as they have done in the past. That is the USA and why they have moved some B2 spirits in strike range with all support so they can drop 2x 30klbs MOAP’s at a time to bury in and incapacitate their plants. Won’t destroy them, but will hold them up as they are only days away at any one time from enriching uranium to weapons grade.

Attention is drawn away from the stalemate with Ukraine and Russia as I said he will have a very fkn tough time trying to make a deal with Putin because of what America and others have already done.

Just let it roll, there’s nothing you can do about it anyway. I’m likely to vote for who I did last time and still some dimwit will get in yet again in Australia. I only vote for those that say they will do good for what I like doing.

By the way I bought some new farm boots seeing as we are doing footsies :rofl:

Ah, you need some of these, Maiphut… :wink:

eww crocks. Seen a few sweaty butch shielas wearing those in shearing sheds. Kiwi mama’s about twice as wide as me :rofl: and then some, farkin kuma tai alright jesus, take a fair bit of room up in the shed :rofl: :rofl: