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1.6b would be worth it. Staying in will result in orders of magnitude more loss and still nothing to show for it. The USA is simply not a trustworthy military ally.

I've got it, it was a bit hard to work it out and it took me a while but I finally figured it out. The line in the middle of the road is continious saying you can't overtake but it is obvious and clear enough that you can...Phew, that was a hard one

Doesn't that just 'roll off the tongue!'

Finally! Afer a bit of rain on Satruday, which resulted in the cancellatoion of teh local jockey club meeting, the rain started to fall just before dawn this morning. It is the type of rain you raelly want after months of dry. It is gentle, soaking rain that does not result in rushing torrents across bare ground. After only a few hours I see that my drinking water tanks are replenished. Now I will wait to see if any seed that has been in the soil will germinate to give some late summer feed, or at least hold the topsoil together.

I can't read the article, so my response is in generic terms. In terms forward looking at the economy, to be honest, I am probably one of the last you would want an asnwer from. I am not going to get into virtue politics and try and keep this to economics. Chump is using two main levers - tariffs and stimulus, the latter being code word for increasing debt and government spending to stimulate the economy. It is sort of applying the foot brake and the throttle of a motorcycle simultaneously to get a balanced and steady result. He has fiscal policy levers; he is attempting to gain access to monetary policy levers, but let's leave that out of it for now. Economically, he seems to be using the latter to ease the pain of the former. With his political agenda of making America great again, and trying to reclaim the lost economic activity of domestic manufacturing or production, these levers can be weilded as an effective tool in achieving those aims, but only for so long. And there are existing structural issues with the US (and most major western) economies, that length of time before it comes back to bite is shortened. At the heart of it is the theory of price equilibrium (a google sesarch will give a concise but good AI explanation) It explains how prices are correlated to supply and demand. Assume the market for, I dunno, T shirts is in equilibrium - that is the price is set such that the amount of T shirts willing to be consumed by consumers is the same at which suppliers are willing to sell them. You have price equilibrium of supply and demand. If suppliers decide to increase the supply (say to become a dominant player in the market) and the demand does not change, in order to sell the higher volume of T shirts, the sellers will have to start discounting T shirts to a price where consumers are willing to buy the increased volume of T shirts. And of course, vice versa; if demand goes up and supply stays the same, consumers are willing to pay more per T Shirt for that same supply. There are other factors, such as price elastcity, lag, etc.. but let's keep it simple. According to this theory, though, one of two things will happen. If it is a permanent move one way, the price equilibrium will shift. This will usually happen where there is a constraint to one side of the equation. For example, if supply increases, but demand cannot (I dunno - the nuber od train rides one can take in a day??), and suppliers are willing to the increased supply at that price, then the price will stay there. More often what happens is there is a constraint on supply and the price forever changes for the worse (assuming no substitute goods or services are available). The other impact is that where the demand and supply if perfectly correlated (fully elastic), the increase or decrease in price will eventually lead to the supplier or consumer increasing or decreasing supply/demand accordingly which impacts the other's willingness to supply or consume at that price, and prices will eventually revert to their original equilibrium where both sides are willing to supply or consume the same volumes at that price. This is really important, because although we talk about the price of goods and services in this context, money or currency also has a price. And that price is not the exchange rate; it is the inflation rate. Inflation = a lessenign ov the value of money - it is not worth as much as it was. Deflation = increasing value of money - it is more valuable that the goods or services it is being exchanged for than it was, say yesterday. However, inflation is far more prevalent than deflation - so money is forever devaluing, right? Well, yes, and there are two reasons for it. The first is government interventions - monetary policy usually. Governments don't like inflation, because it usually results in a recession or worse. Although in theory, as prices drop, people will buy more of whatever it is, there comes a point where it is not economic for the suppliers to sell at that price. But, a quirk to the price equilibrium theory, when there is deflation, people will put off buying stuff because they know they can get it cheaper in the future. That collapse in demand leads to recessions and depressions. The second reason is simple - there is usually an increasing money supply in an economy. And where you have more of something that you want to exchange for something else that has value to you, you will offer more of that something you have. That is you will increase your supply of money in relation for the other thing you want that has had no increase in supply. The good example is the housing market. Remember when you or your parents could buy an average house in an average suburb for about 3.5 times annual salaries. Today it is something like 7 or more times salary. Why? This may sound mysoginistic, but women entring the workforce enmasse. What that did is put more moeny into to system and into purchasers hands. Supply of housing is relatively stable, especially in established areas, so what happens - you as a family with two working parents instead of one give more money to the seller as you are in competition with other buyers (demand). The net effect in real terms is both parents are now working but still no better off. So, if Chump increases tariffs, the price of the goods/services imported into America are higher and in theory, the consumer will want to buy less of them. But why do that? Because, the price at which they can be sold fom domestic manufacturers economically is higher and to try and even out demand between importers and domestic manufacturers is price (assuming quality/specification is on par). In other words, you are artifically cheapning money against imported goods. As I mentioned, assuming the quality, specification, amenity etc is simiar, responsible citizens would look to buy locally made, but at least through simple distributions, there would be a higher percentage of the domestically made product sold. Of course, there is a lag here, because where there was no manufacturing, it takes time to get it up and running. And that's where the stimulus comes in. It can be freebies to the people - as was the inflation reduction act. And some of Chump's is.. But it can also be setting the barriers to entry into the sector lower to get investment moving quicker and manufacturing churning stuff out quicker, too. That hass a knock on effect of creating employment and when there is a ready supply of labour, that will be a very good thing, because it won't increase costs (salaries) too much. Once construction is over, depending on the automation levels, there will be some permanent, sustained increase in employment over time. But now you have a lot of money now artifically entering the economy. More people are employed, which is a good thing and they can buy more stuff. Demand increases, but because there is more money in the system. Inflation is initially kept in check because there is usually some capacity in an economy to absorb short term changes in demand and supply without material impact on prices. Suppliers can supply more to meet the demand (or maybe there was already an oversupply). Everything is nice. However, once that capacity is used up, things start to change. Suppliers are now in a position where there is excess demand over normal supply volumes - the previous equilibrium price. What happens? People with more money still want the stuff and if suppliers can';t or don't want to increase the supply, they charge more. Consumers enter into comeptition with each other and pay the higher prices. You have inflation - or devaluing money.. because the money supply was increased. The money supply increase can be "natural"; i.e. a product of normal economic activity or it can be through government injection of new money - stimulus. This is usually done through a) printing money (bad - look at Germany in the 30s) or debt (less bad, and used properly as well as contained, can be very good). Either way, if done to excess, it is not sustainable, because, after all, the piper has to be paid (pied piper, not the aircraft company). Just look at quantitative easing, which was increasing the money supply.. it was really good to start with as it stabilised everything by gradually increasing the money supply. But they left the taps on for too long and inflation went ballistic. If they had of started turning off the taps earlier and took longer to do it, there would have been little impact on inflation. Hindsight is a wonderful thing. What Chump is doing is short term lever pulling.. He is creating that cosy bubble to protect everyone now. He will be in lag territory as the economy has capacity to absorb it and things will be humming along nicely. It's nice and artificial, but reality will kick in. With his attempt to get the levers of monetary policy, which can artifically increase inflation through interest to keep the lid from blowing off, influencing lower interest rates in the face of an artifically booming economic engine is a recipe for disaster as there will be more money floating in the system because it will be easy to get hold of. Enter the credit multiplier, which even further increases the money supply. What happens is I earn say $100. I put $50 in the bank. Multiply that by say a million people. Three is $50m in the bank. Now I want to start a business. So I borrow $1m. Others want to biy a house, a car, a holiday of a lifetime, etc. In the end, $45m of that money is lent out. The economy is now $95m. Now, the people/businesses we have spent the money on bank some of that money, after expenses, etc. Say, $20m is banked back as deposits, the other is spend on their expenses, and those that were paid bank say $10m of that.. The system now has the original $50m + the $45m lent but still has $30m in the bank and ready to lend out. And so the cycle goes until it essentially runs to a crtical reduction at which the economy can't sustain itself, and people start defaulting and the whole thing unravels (of course that is an overdramatisation). Say the borrowing rate is on average 10%. It makes it reasonably difficult to service large loans. Now Chump comes along and adds $50M to my economy. Whoa.. As a bank I don't want it sitting in my accounts as a liability - it is costing me money. So I want it lent out. But initially, demand hasn't changed, so what do I do? I reduce my interest rates to shift it. And this increases demand for lending, further pumping money into the economy and keeping the cycle going. But, with even more money in the economy, the same population can pay more for the same stuff, and eventually inflation will skyrocket. Then things get more expensive, and eventually people can no longer afford it as the money creation cycle slows. Then demand drops, employment drops, taxes drop, etc, The government has debt and the piper is coming along for its next payment. The proiblem with Chump is he looks to be weilding these levers for very short term political gain and the debt to the piper ever increasing. One day the piper will come calling and the house of cards that has now been built, rather than the solid foundation will fall.

Some anti fascist people are already working to identify and make public the identity of ICE officers, especially those proven to have used excessive force. It's exactly like the nazi brown shirts. You shouldn't expect to remain anonymous while following unlawful and inhumane orders.

We may have burned that bridge. I'd like us to learn the lessons from Ukraine and give up on manned subs altogether. Remotely operated seems far better in every respect.

It all depends on how much money you've got, what your dream is, and how much determination you've got, to achieve that dream. One of the most amazing restorations I've seen is a split window Kombi, salvaged from the Higginsville Pumping station - where the entire front of it had been cut off, the body stood on its front, a huge chunk cut out of the side of it, and then it was used as a dunny!! But a bloke set his heart on having a fully restored split window Kombi, and he recovered every part of that "dunny Kombi" and restored it to superb driving condition!! It reportedly cost him $100,000! Why anyone would do this, to end up driving a gutless old pile of VW crap, is beyond me! But that's just my opinion! This is the Kombi when it was used as a dunny, I can't find photos of it when restored, I did see them on Instagram, but can't find them now.

I am getting through my copy of Peter’s book, nice to have a break from fiction for a bit. Some real interesting stuff in there. the amount of golden ounces pulled out of that ground is staggering. £3 an ounce might have been a fortune then, but t the ridiculous prices seen lately the numbers are staggering.

It wasn't actually sold, it was a 99 yr lease. A pretty cunning way of getting around FIRB examination. But an undesirable deal, regardless, and basically a bloody outright stupid deal.

OK, you two. We know that you each sit on the otehr side of the fence. We accept that. What is not acceptable is personal attacks. Please play the ball and not the man.

Jerry is either a skilled typist or he has mastered voice-to-text. Good on him!

Yes the article I quotes is behind a paywall. But the seemed to loint out that quantitative easing, when added to the interactions you listed, can bring about some big financial swings. The big question is: will these hit tle voters pockets before their midterms? Will Chump force the interest rate down? Etc. Thanks @Jerry for taking the time to explain. (Ten out of ten for good typing, too)

The man who would be king is a good old movie. He was good in the hunt for red october as well.

Roger Moore (sounds like a porn star name) was the least "action hero" type of any Bond. I think the best was the last, Daniel Craig. Some of the fight scenes, especially in the first of his, were excellent.

Keep the beautiful heritage sites for public use not seel cheap and make billions for untaxed private profit . Start taxing properly and it would not be a problem.

For the hotrodders, Ed Iskenderian, of the "Isky Racing Cams" fame, passed away yesterday at the tremendous old age of 104. He was a real character, like so many hot-rodders. https://carbuzz.com/remembering-edward-isky-iskenderian/

It was well known amongst "ordinary" Australian soldiers, that the SAS were called "super-grunts", and they considered all other ordinary soldiers, as far below them in skills. Just the psychological effects of SAS training were severe, and huge numbers of SAS applicants fell out of the SAS courses, because they failed to make the grade. Their training is brutal.

That was interesting. At the end of the video they make the point that as effective as they Australian’s methods were in the field, they resulted in high levels of PTSD and long term difficulties adjusting to civilian life after the war.

True, we'll never see that money again. Whether we actually get the hoped for subs or not. Further, I question the wisdom of continuing the massive money drain, purely in the hopes of getting some outdated weaponry sometime in the distant future. What new war toys might our military wish to buy in 2040 (or later, when you allow for expected late delivery) for all those taxpayer dollars? Probably not those old-before-new subs. And what manufacturing capability & quality can we expect from the New America? Their industrial abilities are not what they used to be.

There's plenty who whinge more than you Jerry, and not even in England.

I know the military and the department of defence are always reviewing their property portfolio to optimise it for modern day use. A war machine costs money and requires modern amenities. However, I can't help but think there are brown paper bags passing about in the halls of our decision makers. Not for sall of the properties. But Victoria Barracks in both Melbourne and Sydney, for example, are historically significant and an essential part of the fabric of their area; they are architecurally and environmentally a part of the culture and provide a welcome relief from the many bland building around them. Of course, they and the land they are upon are a developer's nirvana. And developers have little regard for the quality of the environment of what they develop to the communities they affect. Yes, they will be expensive to maintain. But sometimes things are important enought to warrant the cost. Otherwise we end up with bland, faceless streetscapes with no acknowledgment of our past, nor the variety and space that can bring enjoyment to dull days.

Holy thread resurrection! I see it was started and up until today finished a day before I joined the forums! You fellas are into your 10th year suffering my rants and raves - more rants.. England has that effect on one.. Am I now a whinging pom?

Not only do you admit, but you show it with what you think is fake news from the ABC. If renewables are the reason for price rises, why is NSW, SA, and SE QLD getting free electricity because of solar? The reason for electricity price rises globally is the massive increase in gas price increases due to peak in demand of electricity post pandemic, severe supply chain issues, and the Russian invasion. I still don't know why, but that drove up coal prices, and guess what? John Howrards criminally short sighted policies of selling gas to the Chinese at even then knock-down prices and hold them for god knows how long at that price without indexation (must have been a very big brown paper bag involved somewhere) and successive governments allowing coal being liberalised to be traded on the open global market wthout reserving necessary supply domestically at cost of extraction plus decent profit margin (admittedly, when the price of coal is down, that would work against the consumer - but at least there would be certainty of what you have to pay), and - voilla! There you have your increasing electricity prices.. As with any new technology, there is a short term capital investment recovery built into the price, but in a fully competitive or well regulated market where structural impediments of entry and exit exist (take your pick), once that is recovered, the prices tend to stabilise near the cost of production + a margin for ongoing returns. We are starting to see it in solar. Renewables are cheaper longer term than any other form of generation. Remeber the price of colour TVs when they came out. More expesnive in absolute terms than you can buy them now. Imagine the real cost difference? Yeah, ABC don't get it right all the time and they do sometimes show bias, especially on one issue - in my opinion. But I have found when you dig into the facts, more often than not, they are far closer to objectivity than the others, willing to admit they make mistakes better than the others, and even on the area I think they are biased, they are no more so than most of the others (whether it fits my agenda or doesn't).

I am currently salvaging Landrover parts salvaged from the Harcourt bushfire. It is quite satisfying.

To each his own. Nev, you do what you enjoy in life and I'll do the same.

I would assign those to a labor supporter. So what's the point?

Are you talking about the foreign investment review board? More a rubber stamp. Who would have allowed the Darwin port to be sold to foreign interests at all, let alone China?

Has Trump ever paid what he owes? You have to wonder why anyone would take on a job for him. How does he keep lawyers working for him?

I have no desire to watch "Melania, The Movie". BUT... I am most curious about E. Jean Carroll. Want to hear the story of the woman who took on Trump? The one who beat him in court. Twice. https://askejeanfilm.com/ The thrilling adventurous life of beloved advice columnist and journalist E. Jean Carroll, the only woman to beat Trump in court. Twice. "Ask E. JEAN" is the story of E. Jean Carroll’s life, from her early days as Miss Cheerleader USA to her rise as a journalist, author, and advice columnist. Carroll broke barriers as the first female editor at Esquire, Playboy, and Outside, helping to redefine women’s roles in media with her sharp wit and fearless voice. In recent years, she stirred public discourse by standing up to power, becoming the only woman to beat Donald Trump twice in court.... But I don't think she gas managed to make gropenfuhrer to actually pay her the court ordered compensation.

That's a low bar.

Makes me proud to live in a little inconsquential no-account place that Chump couldn't even find on a map.

Now, all we need, is to get Nomadpete to do proofreading on his posts! 😄

I wouldn't be trying to rebuild Motors Gearbox's etc. Try getting Low mileage Motors out of bikes with ALUMINIUM Frames like some (Modern) Indians some BMWs and Buells .You can't repair the frames. Nev

Picked up some ratty bike bits today. 2x 1984 model CBX750F Honda 4's. One assembled that's a potential runner and a second complete one in bits, motor with a stuffed crankshaft. There's bits and pieces there I can use and might part some of it out eventually. All the plastics and fairings are there (in the back seat). It cost bugger all.

I agree Daniel Craig, was the best action bond and a far more rounded character, not a shallow cad like Moore or a more serious but still brutish and chauvinist Connery. The best old Bond was in my humble opinion, is George Lazenby a school mate of my dad in Goulburn. Lived a block from each other, he was a playboy in real life and didn't play the studio game nor want to be stuck in a role. Pity he was offered to continue in the role for more bond films. He was the Bond that was not brutish to women, showed his emotions and married only to see her killed at the end. Much more the Daniel Craig character but back 50 years. I am still a Connery fan but never saw a Moore film I liked.

It was the Aston Martin DB5. Don't worry the passenger will be nervous anyway.

IF you were Roger Moore you'd need a Bullet proof REAR WINDOW in your DB 4 too. Nev

He's not cheating. He's simply the best. (Which, replacing "He's" with "you're", is the next answer)

The military buildings in question are all heritage listed, and hold enormous emotional attachment for many, due to their links to all major wars. Plus, their architecture and construction quality is excellent, as it is with all military buildings.

I wonder what price they have put on Fort Denison? Really great harbour location.

You could NOT be MORE wrong . I talk to a Lot of War veterans . Some from the USA. When I meet groups of them anywhere on Bikes I go and have a yarn with them .The most helpful Instructor I know was an ex POW in Changi. He's in one of the Pictures taken and is Just Bones. HE is the Person who is responsible for supporting Me continuing to train and get a flyting Job I've also flown with WW2 ,Vietnam and Korean war Pilots most of whom have experienced things they don't want to speak of. Vietnam Vets got red paint thrown on them when they returned. Nev

A bit off topic, but on the subject of workplace accommodation, here's ours in early 1985 - a two man maggot camp. For those not familiar with the terminology, a fly camp is a junior off shoot of a main camp and a maggot camp is further down the pecking order from a fly camp; the term obviously comes from a maggot being the offspring of a fly. A fairly basic setup - a swag, a foldup shearer's cot, a cardboard box of tinned food and a golden circle pineapple tin for a billy. The reason we chose this spot is because we could have a shower after work. There was a small turkey nest full of water where the drillers had been filling their water truck and they'd left the pump and lay flat hose there. After getting back to the camp after work we could fire up the pump and there were enough holes in the lay flat hose to provide a good spray jet to have a bogey.

If you have to ask.....Yes

Poms were very good at it and DO have the Name. I blame the weather and the fogs in London in the OLD days. A lot of them worked in factories for bugger all. AND........... there was of course, the BLITZ. Nev

I have a question.. Once it is done, which of your helmets are you going to wear when riding it? 🙂 OK.. I'll get my hat and coat as well.. I'll shut the door quietly.

I only heard it for the first time in 2018. I led a sheltered life.