Stimulating Package

[Black Orchid]

BigP seems to have lost it attacking everything that moves. Typical Lefty - they are all like that.


ShopaHolicks are panicking. All these empty shelves is just like it is in a Socialist country.

The biggest problem with your theory is that BigP is not a lefty!

[brian ross]

The biggest problem with your theory is that BigP is not a lefty!

Anybody who doesn't support the Tories 1000% is a "lefty" according to Juliar.

[Juliar]

The strange Greeny BRossy peeks out from his secluded politically correct little world to utter and mutter something unintelligible and then quickly retreats.

BigP behaves like a standard Lefty.

[Juliar]

While functionless union and Greeny puppet AnAl fusses and fumbles around in dusty corners wondering why nobody is interested in his farcical Sports Rorts rubbish ScoMo leaps ahead showing great leadership with his masterful handling of the Corona Virus.

And the details of the goodies ScoMo is bestowing on the voters are slowly leaking out. What a vote winner.



Six million Australians to get immediate $750 coronavirus stimulus payments
By Eryk Bagshaw March 12, 2020 — 10.32am

Businesses, welfare recipients and tourism operators will get $17.6 billion in the first stimulus measures since the global financial crisis as the Morrison government plunges the budget back into deficit in a bid to avoid recession.

Up to 6.5 million people on government benefits, including pensioners, the unemployed and family tax benefits will get up to $750 each in cash payments in an attempt to drive consumers back to the shops to lift confidence in the economy. The stimulus payments, which will be paid from March 31, will cost $4.6 billion.

Prime Minister Scott Morrison said casual workers, who may miss shifts because they contract coronavirus or are asked to self isolate, will have waiting time for sickness payments through the welfare system abolished.


Prime Minister Scott Morrison has announced a multi billion coronavirus stimulus package. CREDIT:ALEX ELLINGHAUSEN

Businesses with a turnover of up to $500 million will also be able to write off purchases of up to $150,000.

"Any such purchase from now until 30 June, including a truck, a tractor, a shop fit-out, can be written off immediately," said Mr Morrison.

Up to 120,000 apprentices will also be getting support payments to keep them employed and 650,000 small and medium-sized employers will have access to grants of up to $25,000.

Tourism operators will share in a $1 billion fund led by Trade Minister Simon Birmingham that will waive marine and national park fees, identify alternative export markets and promote domestic tourism.

The immediate payments are worth $11 billion and will be raced out from the government in just over three months.

"That's when it's needed," Mr Morrison said in Canberra. "This is very front-end-loaded. We've done that on purpose."

The cost of the stimulus will be spread over three years and equal more than 1 per cent of gross domestic product, but Mr Morrison said the the measures would not extend beyond June 30 2020.

"This plan is about keeping Australians in jobs," he said.

"This plan is about keeping a business in business and this plan is about ensuring the Australian economy bounces back stronger on the other side of this and, with that, the budget bounces back with it."

Mr Morrison said the virus was "a matter that scientists and health professionals are advising us on" but "it does have a finite life".


WHO describes coronavirus outbreak as pandemic
The World Health Organization sees the outbreak of COVID-19 as a pandemic.

Treasurer Josh Frydenberg said monetary policy had run out of room around the world, putting the economy in a different position to what it was in a decade ago. The Reserve Bank is expected to cut interest rates to a new record low of 0.25 per cent in April and has said unconventional monetary policy is on the table.

"This is very different to the global financial crisis in a number of respects," Mr Frydenberg said.

"This is not a financial system problem, this is not a liquidity crisis, this is a health crisis."

"But one of the other differences is that with the global monetary policy, there was a lot more room with monetary policy to respond. This time, monetary policy globally is pretty much exhausted."

https://www.brisbanetimes.com.au/politi ... 549b2.html

[BigP]

BigP seems to have lost it attacking everything that moves. Typical Lefty - they are all like that.


ShopaHolicks are panicking. All these empty shelves is just like it is in a Socialist country.

The biggest problem with your theory is that BigP is not a lefty!

lol, Hes a simple minded fool B

[cods]

I will spend my stim.... on 4 new tyres for my little car shes served me well and deserves a treat

[BigP]

I will spend my stim.... on 4 new tyres for my little car shes served me well and deserves a treat

I'll come over and give you a stimulated package Cods,,

[Outlaw Yogi]

Now, to everyone else, buy gold... buy silver... Cause fiat currencies are about to dislocate due to the fractured supply chains.

Buying gold bullion a couple of years back when the price was $1,400-$1,700 p/Oz would have been a wise choice considering it's now exceeded $2,500 p/Oz.

Silver? .. Not sure .. currently about $26 p/Oz. IMO silver's real value lies in it's anti-bacterial properties .. it's why royals have eaten off silver for eons.
Turns out copper has a similar anti-bacterial quality .. one of the reasons copper coinage was fazed out when the discovery was made and its value increased. Last time I checked copper was about $6k p/Oz, but was only about $4k p/Oz a few years ago.

Personally, I wish I'd been cashed up enough to buy palladium a couple of years ago when it was under $2k p/Oz, it's now almost $4k p/Oz ... Palladium is a by product of platinum refining, like rhodium, and both are used extensively in catalytic converters.
Platinum mining is generally a bonus of mining something else (generally in silver/lead/zinc deposits) so palladium production can't be ramped up because mining platinum is secondary to mining something of lesser value.

IMO opinion platinum is the best metal commodity investment going. Has come down from $1,900 p/Oz to $1,400 p/Oz.
It's the only well known mineral/element that is less electro-negative than gold (means less reactive - harder to corrode) and so is perfect for extracting fine particles of gold via electrolysis.

Now if there's a large war imminent and you're in a safe country the best investment option is titanium. Tanks are made from it.
The Ruskis had titanium hulled submarines that could evade American subs because they can dive deeper.
I've often wondered why NASA makes its space vessels from thick aluminium covered with Teflon tiles?
The Teflon tiles need replacing after each re-entry, and aluminium is easily damaged by space junk.
If space ships were made from titanium you could re-enter as many times as you like indefinitely and not worry too much about hits from space junk.

[Outlaw Yogi]

Now, to everyone else, buy gold... buy silver... Cause fiat currencies are about to dislocate due to the fractured supply chains.

Ive got about 6kgs of Stirling , some in coins and others in Victorian silverware..And a good number of Aussie 1966 50 cent rounds

They're worth far more to collectors as minted coins than you could get for their metal value.
Hang on to them in the bad (economic) times and flog them off when the money's flowing easy.

[billy the kid]

Im no expert on precious metals, however I do remember someone once saying that the commissions vary
considerably when you go to sell the stuff..that would need to be taken into consideration I suppose...
As I said...I wouldn't know...….