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Speaker: Identification strategy: Now it’s personal

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  • Katharine Moody, in reply to BenWilson,

    Or we can convince ourselves that our ideas of value are real, theirs are false, and wait for the bubble bursting that never comes.

    Such a forever increasing value (intrinsic or otherwise) only doesn't 'pop' provided the QE/ZIRP music keeps playing. Or, there is a massive, world-wide consensus on debt forgiveness for everyone - and we start the music over without any casualties over clamoring for chairs.

    http://www.zerohedge.com/news/2015-07-18/china-stock-rout-rocks-property-market-massive-cancellations-expected

    http://www.zerohedge.com/news/2015-07-18/peak-reach-yield

    http://www.zerohedge.com/news/2015-07-17/bankruptcy-planet-accelerates-%E2%80%93-24-nations-are-currently-facing-debt-crisis

    .. there are now more problem areas in the world, rather than stable situations. No major nation in the West can repay its debts. The same is true for Japan and most of the emerging markets. Europe is a failed experiment for socialism and deficit spending. China is a massive bubble, in terms of its stock markets, property markets and shadow banking system. Japan is also a basket case and the U.S. is the most indebted country in the world and has lived above its means for over 50 years. So we will see twin $200 trillion debt and $1.5 quadrillion derivatives implosions. That will lead to the most historic wealth destruction ever in global stock, with bond and property markets declining at least 75 – 95 percent. World trade will also contract dramatically and we will see massive hardship across the globe.

    http://kingworldnews.com/danger-the-twin-crack-ups-set-to-implode-the-world-economy-and-financial-system/

    Wellington • Since Sep 2014 • 798 posts Report Reply

  • martinb, in reply to Kalka River,

    The Pacific is an area of interest for China surely. New Zealand at the least is an attractive place for some of its wealthier and moderately wealthy citizens to send their children or purchase property or take a holiday.

    Auckland • Since Jul 2010 • 206 posts Report Reply

  • BenWilson, in reply to Katharine Moody,

    Such a forever increasing value (intrinsic or otherwise) only doesn’t ‘pop’ provided the QE/ZIRP music keeps playing.

    Any real reason to think it can't? Both seem like they could perpetuate the control of the world by the finance system all the way until everything belongs to the tiniest imaginable group, the last stand of merging banks until they are stormed by hordes of the impoverished. That could take a very long time to play out.

    I don't think it's a good way for it to go. Better would be money supply intervention by any one of a million other ways that don't involve giving free money to banks so they can lend it at a profit to people to buy houses. But that would involve our understanding of economics NOT being dominated by the word of the finance industry itself. In this day and age that everyone trusts specialists to know what they're doing, because there are so many that do actually know what they're doing, it's going to be pretty hard to convince the world that this particular bunch, in control of basically the most important knowledge for ordering the species that there is, either doesn't know what they're doing, or doesn't want anyone else to know that they do know what they're doing and they're fucking it up on purpose.

    Auckland • Since Nov 2006 • 10650 posts Report Reply

  • Katharine Moody, in reply to BenWilson,

    Any real reason to think it can’t?

    For a lot of reasons, I think algorithms are pretty much in charge - hence the unwind will be pretty much uncontrolled. Flash crash - all dominoes down in the blink of an eye.

    But, that's a wild guess.

    Wellington • Since Sep 2014 • 798 posts Report Reply

  • Kalka River, in reply to martinb,

    and things like attitudes to women, smoking and other forms of social change over the last 30 years which are influenced by immigrants from countries with different values.

    WTF??????

    How have Chinese attitudes to women been an issue in NZ????? Give me one example???

    Smoking???

    FFS

    Auckland • Since Jul 2015 • 18 posts Report Reply

  • Kalka River, in reply to linger,

    Whenever anybody claims “[X group] are not aggressive”, the question comes to mind, “So how have they survived so long?” Most groups are aggressive when they feel they need to be.

    Some groups are less warlike than others. Of all the major civilizations China has been the most peaceful, the least aggressive.

    How many colonies does the PRC have? How many troops stationed overseas, overseas military bases?

    The aggression has been all one way, particularly over the past two centuries —-whites ganging up on and invading and plundering China, not the other way round. That was because China was weak.

    But with the rise of the PRC, and the success of her revolution the tables have turned.

    With the anticipated demise of the US, likely to split up into a whole lot of countries, and rise of the BRICS, the anglo saxon heyday is well in the past.

    White people --just get use to just being like everyone else, no more, no less privileged than a Chinese, Indian, or African.

    And thats the way it should be. And it will be good for the world, good for peace and prosperity for all—not just a handful of whites who think the world owes them a living

    Auckland • Since Jul 2015 • 18 posts Report Reply

  • Kalka River,

    “To force the Chinese government to open China’s doors for so-called “free trade”, other Western countries resorted to non-trade means, generally force, to achieve their goals. Consequently, China quickly fell from being a wealthy power to a semi-colonized country, and soon thereafter the economy almost totally collapsed while its market was flooded with goods and capital from the West. According to some historical data, in 1820, 20 years before the first Opium War, China’s gross domestic product was 32.4 percent of the word figure, the richest country at that time.”

    From:
    http://factsanddetails.com/china/cat2/sub4/item56.html


    Payback is a bitch….enjoy it you racist white crackers

    Auckland • Since Jul 2015 • 18 posts Report Reply

  • simon g,

    I think you may have misjudged your audience here.

    Auckland • Since Nov 2006 • 1328 posts Report Reply

  • nzlemming, in reply to simon g,

    I think you may have misjudged your audience here.

    Russell, cleanup on aisle 2.

    Waikanae • Since Nov 2006 • 2931 posts Report Reply

  • Joe Wylie, in reply to Kalka River,

    Payback is a bitch….enjoy it you racist white crackers

    Not the first time that one's been rolled out.

    flat earth • Since Jan 2007 • 4592 posts Report Reply

  • tussock,

    We need to have a conversation about racism here.

    What it looks like now, in a world where "no one is racist", because they're all so careful about what they say in public. How because "no one is racist" all the bad things that happen to minority groups are obviously all their own fault, as say the "no one is racist"s.

    Where the Labour party of New Zealand says we need to talk about house prices because "Chinese people", like it's fucking well 1890 again, rather that a gigantic pyramid scheme built on decades of failed state policy from both major parties, who coincidentally are made up of people with nearly all their money in the housing and land markets.

    How judges hand out longer sentences to Māori for the same crimes, because they need to get the message out, to Māori, about them being over-represented in prison. That sort of "no one is racist". How the police take more cases against Māori because it's an easier conviction, because they're obviously just more guilty, or so say the "no one is racist"s.

    The bit where both major parties just a few years ago argued over the correct way to steal trillions of dollars of land from Māori, when it was discovered that no one had ever bought much of it, so legally it was still theirs, and what if they charged rent when the government could sell it and let a white guy charge rent instead. How this National government is still shuffling crown-held Māori land into different departments so they can legally sell it despite it not legally being theirs to sell.


    How white religious people who go nuts and shoot a bunch of folk are strange and crazy and not like all us and brown religious people who go nuts and shoot a bunch of folk are terrorists and just like all them. But not in a racist way.

    How we're in the middle of a fucking war in the middle east, still, with our SAS on the front lines, targeting cities for big-ass bombs, because obviously levelling Fallujah again is ... not racist or anything.

    And really, those people we're bombing, they're terrible, it's all their fault, we're really trying to save them, with our giant bombs, because they keep shooting at us, just because we're in their country dropping bombs on them, like crazy people. And not because we're racist.


    Except Māori don't get the same jobs, don't get into the same schools, do get arrested where a Pakeha would get diversion, do get longer sentences, do get paid less in the same jobs, do get hired last and fired first (which isn't racism, you see, it's fair, and that's not racist either).


    And the forgivers who buy all our houses are Australians, just like forever. Most of whom are also New Zealanders to a good degree, the same as the immigrants from other countries who come here and buy a house. There's an Irishman owns a whole town down here, bought the lot well over market rates. Owns all the shops, businesses, houses, and if you live there you work for him and rent from him, and certainly nothing ill to say of the man, or you might find yourself not living there after all. Literal lord of his domain. Did labour care? No, fine example of foreign investment. And not because they're racist. Big German bloke, no problem. But a Chinese company (actually owned by a kiwi, married to an MP of all things) bought a farm? HOLY SHITBALLS! And not because racism.

    We just suddenly need to talk about Asians buying a house. Because if this keeps up they'll own the place.
    http://imgs.xkcd.com/comics/extrapolating.png
    And it's not racist saying that, because "no one is racist". It's just real.

    our base method was to estimate people’s ethnicity

    Remembering, of course, that "no one is racist"s do things like that. Estimate people's ethnicity and start making sweeping generalisations on what are basically anecdotes and then complain about all the [minority group] and their [legal activity] and how it's associated with [unpopular thing].

    Since Nov 2006 • 609 posts Report Reply

  • tussock,

    That was far too big and you should not allow comments that long, Russell.

    But we're "not racist" in employment, "not racist" in justice, "not racist" in education, "not racist" in our wars, our news, or our working out where people are from by the spelling of their name. Not even racist in immigration policy, or medical licensing, or anything really. Our endless wars of "cultural superiority" abroad (oh, gods, they mutilate female genitals! how cruel, so unlike our useful and practical mutilation of male genitals) do not make us threatening, nor are our (white man) allies tens of thousands of nuclear weapons any sort of threat of any kind to any one at all (just don't let them get any, ever, or watch out!).


    But you know what I'm seeing here that pisses me off? "Oh, they might not be wrong." It's like we're having a discussion about the accuracy of Mein Kamph in relation to the occupations of Jewish people, and how it "might not be wrong".

    Labour's the next biggest political party to the government, and I can now count neither of them who don't indulge in casual race-baiting. It's really horrible when Winston does it, it's really pitiful when ACT does it, but it's really fucking scary when Labour are refusing to walk away from this horrible shit and having their media people come out and defend it instead.

    Blaming minority groups for significant government problems, when they're in opposition and can just blame the fucking government! Yes this gets more press, and that is a very, very bad thing.

    Since Nov 2006 • 609 posts Report Reply

  • Dismal Soyanz, in reply to tussock,

    +1

    Wellington • Since Nov 2010 • 310 posts Report Reply

  • Sacha, in reply to tussock,

    Blaming minority groups for significant government problems, when they're in opposition and can just blame the fucking government!

    that's how smart they are, yes.

    Ak • Since May 2008 • 19705 posts Report Reply

  • Russell Brown, in reply to tussock,

    Big German bloke, no problem.

    Yes problem. Dotcom was not allowed to buy his mansion and continues to rent it from the owners.

    But a Chinese company (actually owned by a kiwi, married to an MP of all things) bought a farm? HOLY SHITBALLS! And not because racism.

    Which one was that?

    Auckland • Since Nov 2006 • 22811 posts Report Reply

  • Sacha, in reply to Russell Brown,

    I believe it's a mistaken understanding of the ownership structure of Oravida.

    Ak • Since May 2008 • 19705 posts Report Reply

  • Katharine Moody, in reply to Russell Brown,

    Yes problem. Dotcom was not allowed to buy his mansion and continues to rent it from the owners.

    No matter what his and his family’s housing situation, he was vilified based on his nationality/country-of-origin. Vilified based on his size and weight. Vilified based on his accent. Vilified based on his lifestyle and wealth. Vilified based on the perceived mismatch between his appearance and the appearance of his wife.

    As permanent residents of New Zealand, no one looked past his and his family’s ethnicity and appearance and said, but they are one of us now. "The Big German" says it all.

    Wellington • Since Sep 2014 • 798 posts Report Reply

  • Joe Wylie, in reply to Katharine Moody,

    "The Big German" says it all.

    Not when it's said with what appears to be heavy irony.

    flat earth • Since Jan 2007 • 4592 posts Report Reply

  • Kumara Republic, in reply to tussock,

    Labour’s the next biggest political party to the government, and I can now count neither of them who don’t indulge in casual race-baiting. It’s really horrible when Winston does it, it’s really pitiful when ACT does it, but it’s really fucking scary when Labour are refusing to walk away from this horrible shit and having their media people come out and defend it instead.

    Blaming minority groups for significant government problems, when they’re in opposition and can just blame the fucking government! Yes this gets more press, and that is a very, very bad thing.

    Frank Macskasy (who sometimes writes for The Daily Blog) summed it up best in the opening of his latest post:

    Why Labour should NEVER play the race card … because National doesn’t like the competition.

    The southernmost capital … • Since Nov 2006 • 5429 posts Report Reply

  • chris, in reply to Kumara Republic,

    Why Labour should NEVER play the race card … because National doesn’t like the competition.

    While that’s a clever one liner, the responses to the comments below just weren’t up to scratch;

    land and housing should not be sold to non-New Zealand residents or citizens. If you want to buy a house or farm, become a citizen and move to New Zealand.

    So no Students? No one with temporary working visas?

    What part of becoming a citizen or permanent resident do you have difficulty with?

    Resident or Permanent resident? It's just not up to snuff.

    What really brought this home for me was Danyl’s post

    Her point was that she experienced racism on a pretty frequent basis, mostly from guys yelling insults at her as they drove past in cars, and whenever politicians indulged in politics about Asian immigration it always felt like they were siding with the guys in the cars over her simply because there were more of them and politics is a numbers game.[…]If that’s all it is then why are so many Chinese New-Zealanders so offended by it? Could it be that white people who have never experienced racism aren’t the best arbiters of it, while ethnicities who experience racism on a routine basis know it when they see it, and are pretty damn sure they’re seeing it now?

    Mawkland • Since Jan 2010 • 1302 posts Report Reply

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