DFA Live Q&A HD Replay: Cameron Murray: Mates, Power, Politics & Economics

This is an edited version of a live discussion with Cameron who recently republished his book from 2017 Game of Mates: How favours bleed the nation as Rigged “How Networks Of Powerful Mates Rip Off Everyday Australians”.

This book will open your eyes to how Australia really works. It’s not good news, but you need to know it.’ – Ross Gittins

‘You’ll be shocked at how far the Mates have their hand in your pocket.’ – Nicholas Gruen

Australia has become one of the most unequal societies in the Western world, when just a generation ago it was one of the most equal. This is the story of how networks of Mates have come to dominate business and government, robbing ordinary Australians.

Every hour you work, thirty minutes of it goes to line the Mates’ pockets rather than your own. Mates in big corporations, industry groups, government departments, the halls of parliament and the media skew the system to suit each other. Corporations dodge taxes, so you pay more. You pay more for your house and higher interest rates on your mortgage, more for your medicines and transport, and more for your children’s education and insurance, because the Mates take a cut.

Rigged uncovers the pattern of political favours, grey gifts and information-sharing that has been allowed to build up over two decades. Drawing on extensive economic research, it exposes the Game of Mates as nothing less than cronyism on a grand scale across Australia and how we have fallen behind other countries in combating it.

https://www.bigw.com.au/product/rigged-by-cameron-murray-and-paul-frijters/p/235646

We also discuss housing policy and economics in general.

Dr Cameron K. Murray is a Research Fellow in the Henry Halloran Trust at the University of Sydney and an economist specialising in property and urban development, environmental economics, rent-seeking and corruption. Professor Paul Frijters teaches at the London School of Economics and was previously Professor of Health Economics at the University of Queensland.

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

FINAL REMINDER: DFA Live Q&A: Cameron Murray: Mates, Power, Politics & Economics 8pm Sydney Tonight

Join me for a live discussion with Cameron who recently republished his book from 2017 Game of Mates: How favours bleed the nation as Rigged “How Networks Of Powerful Mates Rip Off Everyday Australians”.

You can ask a question live!

This book will open your eyes to how Australia really works. It’s not good news, but you need to know it.’ – Ross Gittins

‘You’ll be shocked at how far the Mates have their hand in your pocket.’ – Nicholas Gruen

Australia has become one of the most unequal societies in the Western world, when just a generation ago it was one of the most equal. This is the story of how networks of Mates have come to dominate business and government, robbing ordinary Australians.

Every hour you work, thirty minutes of it goes to line the Mates’ pockets rather than your own. Mates in big corporations, industry groups, government departments, the halls of parliament and the media skew the system to suit each other. Corporations dodge taxes, so you pay more. You pay more for your house and higher interest rates on your mortgage, more for your medicines and transport, and more for your children’s education and insurance, because the Mates take a cut.

Rigged uncovers the pattern of political favours, grey gifts and information-sharing that has been allowed to build up over two decades. Drawing on extensive economic research, it exposes the Game of Mates as nothing less than cronyism on a grand scale across Australia and how we have fallen behind other countries in combating it.

https://www.bigw.com.au/product/rigged-by-cameron-murray-and-paul-frijters/p/235646

We also discuss housing policy and economics in general.

Dr Cameron K. Murray is a Research Fellow in the Henry Halloran Trust at the University of Sydney and an economist specialising in property and urban development, environmental economics, rent-seeking and corruption. Professor Paul Frijters teaches at the London School of Economics and was previously Professor of Health Economics at the University of Queensland.

Go to the Walk The World Universe at https://walktheworld.com.au/

Who Is The Bigger Fool?

The latest edition of our finance and property news digest with a distinctively Australian flavour. We look at the action on the markets, the $80 trillion-dollar black hole in the financial system, and why Oil is so weak. All ahead of the FED next week who are expected to push rates higher – as recession risks grow.

CONTENTS

0:00 Start
0:15 Introduction
1:35 Stronger PPI
5:10 US Markets
6:18 Oil and Contango
9:09 Gold
9:30 Europe And Credit Suisse
13:05 Asia
14:39 Australia
18:40 Short Sellers Exit
20:20 Crypto
21: 55 $80 Tr Black Hole
27:00 Summary And Close

Go to the Walk The World Universe at https://walktheworld.com.au/

Spend, Spend, Spend, In 2023 With Tarric Brooker

My latest Friday afternoon chat with Journalist Tarric Brooker, as we walk through the key charts as we come to the end of 2022. So, what might 2023 look like?

Go to the Walk The World Universe at https://walktheworld.com.au/

Links to Tarric’s charts and recent articles:

https://avidcom.substack.com/p/charts-that-matter-9th-december?sd=pf

https://avidcom.substack.com/p/how-long-can-australians-keep-spending

FINAL REMINDER: DFA Live 8pm Sydney – Household Finances Stress Scenario Update

Join me for a live discussion about the latest from our models. We will have the post code engine online.

You can ask a question live!

Go to the Walk The World Universe at https://walktheworld.com.au/

How To Save At Least Six Communities From Bankers’ Bastardry!

An important call to arms with Robbie Barwick from the Australian Citizens Party, aimed at saving SIX bank branches which are ear-marked for closure in the next few days, leaving more communities in the lurch, without property banking services in the community.

In the next fortnight, the big banks which gorge themselves on massive profits from taxpayer support will shut down branches in 10 regional towns around Australia.

Six of those towns will lose their last bank, which will be a massive blow to the local economy and community. They are:

NSW
• Bombala NAB: closing 8 December
QLD
• Dysart NAB: closing 15 December
WA
• Tom Price Westpac: closing 16 December
• Wongan Hills Westpac: closing 16 December
SA
• Mannum BankSA (Westpac): closing 16 December
• Yankalilla BankSA (Westpac): closing 9 December

Please call the Treasurer, and Members relevant to the state in which the branches are located and demand that the Government intervenes to stop this community damage from occurring.

https://citizensparty.org.au/dec-branch-closures-contact

Contact details:
Treasurer Jim Chalmers: 02 6277 7340 (Parliament) 07 3299 5910 (Electorate)
Eden-Monaro MP Kirsty McBain: 02 6284 2442 (Bombala NAB branch)
Capricornia MP Michelle Landry: 07 4922 6604 (Dysart NAB)
Durack MP Melissa Price: 08 9964 2195 (Geraldton) 08 9041 1749 (Merredin) (Tom Price and Wongan Hills Westpacs)
Barker MP Tony Pasin: 08 8531 2466 (Mannum BankSA)
Mayo MP Rebekha Sharkie: 08 8398 5566 (Yankalilla BankSA)
Gilmore MP Fiona Phillips: 02 4423 1782 (Vincentia Westpac)
O’Connor MP Rick Wilson: 08 9842 2777 (Collie and Bridgetown Westpacs)
Wright MP Scott Bucholz: 07 5541 0150 (Laidley NAB)

Go to the Walk The World Universe at https://walktheworld.com.au/

Resist The Creeping Madness Of Central Bank Digital Currencies Now!

Have your say on the imposition of Central Bank Digital Currencies, via a petition, open to the 21st December 2022 on the Government Website. More than 7,666 have already signed.

https://www.aph.gov.au/e-petitions/petition/EN4638

As Australian citizens we should be concerned about the disadvantages of a Central Bank Digital Currency. Traceability: In the case where physical cash is eliminated entirely this eliminates our ability to transact in a fully anonymous manner. Negative Rates: With CBDCs, you cannot withdraw your digital tokens and hold them under the mattress. If there is no option for physical cash this gives central banks ability to implement negative interest rates. Programmability: CBDCs give central banks a unique opportunity to make money “programmable”. For example: Expiration, with a direct relationship with your central bank, CBDCs could permit a currency expiration policy. Your money could be programmed so that if you don’t spend the $5000 in your account by next Saturday, it will expire. Personalised monetary policy: With a bank of Big Data on individual spending habits, coupled with digital identification infrastructure, the central bank will have enough information to tailor its monetary policy personally. For example if it is known that lower earners have a higher propensity to consume, stimulus can be directly delivered to those people. Personalised monetary policy could even become politicised. A government could segment its voters, identify communities where it is behind in polls, and deliver stimulus to these groups.
Petition Request

We therefore ask the House to enshrine the use of cash in law.

Go to the Walk The World Universe at https://walktheworld.com.au/

The Lemmings Are Running In A Different Direction: Again!

The latest edition of our finance and property news digest with a distinctively Australian flavour.

Go to the Walk The World Universe at https://walktheworld.com.au/

CONTENTS

0:00 Start
0:15 Introduction
0:55 US Monetary Policy

2:10 NonFarm Payroll Surprise
4:28 US Markets

7:28 Real Recession Risk Growing
9:37 Gold
12:20 Oil
15:30 European Markets
17:35 Asian Markets

18:55 Australian Markets
26:22 Crypto
28:28 Summary And Close

Find more at https://digitalfinanceanalytics.com/blog/ where you can subscribe to our research alerts

The Senate Debates Who Is Pulling The Strings?

A segment from a recent Senate debate (28th November) in which the question of who is pulling the strings on banking policy in Australia.

The context was the failure to get a bill up covering fines for poor bank executive behaviour, a compensation scheme and measures relating to consumer protection.

Financial Services Minister Stephen Jones pulled the bill after heavy lobbying from the banking industry.

The debate highlighted some important questions and critical themes – watch it through to the end to see Senator McKim and Senator Rennick let fly….

Go to the Walk The World Universe at https://walktheworld.com.au/

How Far Will The Contempt Go?

This is an edited and updated version of a show originally posted on “In The Interests Of The People”, with Economist John Adams and I discussing the current ASIC inquiry being run in the Senate.

There were some answers provided last week to questions on notice about ASIC’s conduct in terms of trying to lobby to stop the inquiry.

But in late breaking news, and not covered in the earlier show, further questions and answers were posted late last Friday evening (putting the trash out?) demonstrating just how unwilling the Corporate Regulator is in terms of disclosure. Is this contempt?

The earlier IOTP show, where we also discuss how Crypto plays into this, is available here. https://youtu.be/JPoOyV3Mvis

Go to the Walk The World Universe at https://walktheworld.com.au/