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What Frydendud is doing to Australia (Read 439 times)
Bam
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What Frydendud is doing to Australia
Nov 9th, 2019 at 2:17pm
 
Australia falls to stone cold last in Credit Suisse wealth report

Quote:
An influential global wealth survey has highlighted the world’s greatest loser in economic outcomes this year — Australia. Although the report is in $US, and reflects the impact of falling house prices and a falling $A – and although Australians remain among the richest people in the world – it also confirms that Australia’s economy is being poorly managed. Alan Austin reports.

Credit Suisse is a Swiss finance corporation with a prestigious research division and a solid reputation. It publishes a lengthy Global Wealth Report each year and an even longer Global Wealth Databook.

In his introduction to the 2019 Wealth Report, released Monday, Urs Rohner, Chairman of Credit Suisse’s Board of Directors, only mentions one economy adversely:

The United States added 675,000 newcomers [to the millionaires club], more than half of the global total. Japan and China each contributed more than 150,000, but Australia lost 124,000 millionaires following a fall in average wealth.

Average wealth per adult

The data embedded in both the report and the databook are damning of Australia’s extraordinary loss of wealth. Regarding average wealth per adult, the report states:

The main loser was Australia (down $US28,670), with other significant losses in Norway (down $US7,520), Turkey (down $US5,230) and Belgium (down $US4,330).” Clearly the other losses are chicken feed compared with Australia’s $US28,670 — which is a thumping $A41,750.

The report emphasises Australia’s shame with a prominent chart showing the winners and losers. This graph is theirs, not ours. The comment in red italics is ours.

...
Quote:
Australia is one of a tiny minority of countries with wealth per adult lower in 2019 than back in 2012.


Click link for the full picture of the Coalition's failure under Frydendud.
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Redmond Neck
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Re: What Frydendud is doing to Australia
Reply #1 - Nov 9th, 2019 at 2:29pm
 
Thank god the adults are in charge eh codsy!

Roll Eyes Roll Eyes Roll Eyes
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If a man says he will fix it.   

He will !

There is no need to remind him every six months !
 
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Ye Grappler
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Re: What Frydendud is doing to Australia
Reply #2 - Nov 10th, 2019 at 12:25am
 
I seriously have no idea what Frydenburg uses for credentials...

Having studied economics myself, I am often left aghast at what these people use for economic responsibility... as anyone can see from the extensions of economic reason I occasionally put out...

Idiots Savant with a degree mean nothing.... you can teach monkeys to fly ...

I'd like to know how his two year old mother escaped from the Holocaust... that must have taken some balls in a two year old...

I smell propaganda here... with a sugar coating of bulldust... and a distinctly privileged upbringing, private schools and all that.... thus he would have no real idea...

If he applied for the job....... well... I can see the conclusion right now...

LOSER!
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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams
 
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Re: What Frydendud is doing to Australia
Reply #3 - Nov 10th, 2019 at 12:30am
 
This leads me to something I've been considering lately:-

Should we have direct election of our PM and all Ministers by the voting public?

Might be the only way we avoid the turkey raffle we currently have...

No minister elected by the party - must pass the test of putting credentials out there for the voters...

That'd kill off a lot of them... if they applied for the job and faced a battery of tests, most wouldn't even get a look-in ...
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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams
 
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Valkie
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Re: What Frydendud is doing to Australia
Reply #4 - Nov 10th, 2019 at 6:06am
 
All we really need

IS A REVOLUTION

To wipe out the politicians and senior public servants from the face of the earth

Then start again.

With a caveat

Stuff up, and we will HAVE ANOTHER REVOLUTION

That's the only thing that will keep them in line

The threat of being beheaded
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I HAVE A DREAM
A WONDERFUL, PEACEFUL, BEAUTIFUL DREAM.
A DREAM OF A WORLD THAT HAS NEVER KNOWN ISLAM
A DREAM OF A WORLD FREE FROM THE HORRORS OF ISLAM.

SUCH A WONDERFUL DREAM
O HOW I WISH IT WERE TRU
 
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crocodile
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Re: What Frydendud is doing to Australia
Reply #5 - Nov 10th, 2019 at 7:22am
 
Alan Austin reports.

Not much point reading any further. Another unqualified idiot crackpot.

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Very funny Scotty, now beam down my clothes.
 
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philperth2010
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Re: What Frydendud is doing to Australia
Reply #6 - Nov 10th, 2019 at 12:37pm
 
crocodile wrote on Nov 10th, 2019 at 7:22am:
Alan Austin reports.

Not much point reading any further. Another unqualified idiot crackpot.



He wrote the article, he did not write the report....Just more deflection and distraction from the rusted on in denial!!!

Roll Eyes Roll Eyes Roll Eyes

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If knowledge can create problems, it is not through ignorance that we can solve them.
Isaac Asimov (1920 - 1992)
 
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crocodile
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Re: What Frydendud is doing to Australia
Reply #7 - Nov 10th, 2019 at 1:41pm
 
philperth2010 wrote on Nov 10th, 2019 at 12:37pm:
crocodile wrote on Nov 10th, 2019 at 7:22am:
Alan Austin reports.

Not much point reading any further. Another unqualified idiot crackpot.



He wrote the article, he did not write the report....Just more deflection and distraction from the rusted on in denial!!!

Roll Eyes Roll Eyes Roll Eyes


He's selective in the way he reads the report and writes about it. Only an ignoramus would look no further than a cooked up piece of blather from a fukkwit of no consequence.

Try reading the actual CS report. Australia still ranks 4th on the list. If one expresses the wealth indicator in the local Aussie currency it has grown by 16%. There is no deflection nor rusted on agenda. Only a logical look at the truth. You are an ignorant fool.
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Very funny Scotty, now beam down my clothes.
 
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juliar
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Re: What Frydendud is doing to Australia
Reply #8 - Nov 10th, 2019 at 1:54pm
 
Bammy has got the wrong end of the stick again (too much GetUp! soup!!) as house prices are actually rising after the shock of thinking Australia was going to be destroyed by the Lunatic Extremist Greenies and the Chinese Labor Party -
RESTART the BOATS!!!
Thieve money from the retirees and pensioners!!! 
Increase electricity prices by 4 times!!!
Use Chinese bribes to run Australia!!!!
Chaos and destruction everywhere!!!
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Bam
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Re: What Frydendud is doing to Australia
Reply #9 - Nov 10th, 2019 at 2:24pm
 
juliar wrote on Nov 10th, 2019 at 1:54pm:
RESTART the BOATS!!!
Thieve money from the retirees and pensioners!!! 
Increase electricity prices by 4 times!!!
Use Chinese bribes to run Australia!!!!
Chaos and destruction everywhere!!!

Here, juliar has let slip the Liberal party's SECRET PLANS TO WRECK AUSTRALIA.
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Bam
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Re: What Frydendud is doing to Australia
Reply #10 - Nov 10th, 2019 at 2:27pm
 
crocodile wrote on Nov 10th, 2019 at 1:41pm:
Australia still ranks 4th on the list.

Where was Australia ranked when the current government came to office?
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juliar
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Re: What Frydendud is doing to Australia
Reply #11 - Nov 10th, 2019 at 2:38pm
 
Geez Bammy is furious and reacting like a wasps' nest poked with a stick!!!!

The wounds inflicted by Shady Shorty when he betrayed angry Bammy won't heal quickly.

But the consolation is that Australia is now in good safe hands where the VOTERS placed it.
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Bam
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Re: What Frydendud is doing to Australia
Reply #12 - Nov 10th, 2019 at 2:50pm
 
juliar wrote on Nov 10th, 2019 at 2:38pm:
Geez Bammy is furious and reacting like a wasps' nest poked with a stick!!!!

The wounds inflicted by Shady Shorty when he betrayed angry Bammy won't heal quickly.

But the consolation is that Australia is now in good safe hands where the VOTERS placed it.

The voters will know very soon again what it's like to live in a RECESSION under a Coalition government.

When Hawke saved Australia from Fraser and Howard's ineptitude, his government had to repair the massive damage caused by the Coalition's double-digit inflation, double-digit unemployment, double-digit interest rates and a massive Budget deficit that Howard had concealed from the voters. No government before or since has ever started office from a worse economic position.

Wait 12 months. Will the economy be in a full recession then?
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crocodile
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Re: What Frydendud is doing to Australia
Reply #13 - Nov 10th, 2019 at 3:17pm
 
Bam wrote on Nov 10th, 2019 at 2:27pm:
crocodile wrote on Nov 10th, 2019 at 1:41pm:
Australia still ranks 4th on the list.

Where was Australia ranked when the current government came to office?


It may be more instructive if you actually took the time to read and digest the report rather than rely on the misplaced ramblings Alan Austin.

https://www.credit-suisse.com/about-us/en/reports-research/global-wealth-report....

You will see he has used the bar chart from page 7 without explaining exactly what is being measured and conveniently leaving out the original author's caveat of non financial assets as if financial ones don't matter. Further reading in to page 8 finds the author describing the pitfalls of international comparisons regarding asset prices and exchange rates. Mr Austin forgot about that one.

Page 59 gives a more detailed view of Australia in relation to the rest of the world.

Quote:
Despite the exchange rate effects,
Australia’s wealth per adult is fourth highest in the world in
US dollars. In terms of median wealth, it ranks second after
Switzerland.


Taking these into account it is obvious that Alan Austin is nothing more than a petulant fraud and a liar. It is indeed appropriate that he refers to himself as:

"A freelance journalist now living near Nîmes in the South of France."

Nobody else would give him a gig.
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Very funny Scotty, now beam down my clothes.
 
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juliar
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Re: What Frydendud is doing to Australia
Reply #14 - Nov 10th, 2019 at 3:49pm
 
Oh dear poor Bammy. In his haste and misguided GetUp! inspired enthusiasm (those HillSong Sessions can bend a weak mind!!!) he has overlooked a glaringly obvious fact.

But the eagle eyed Croc misses NOTHING and scolds naughty Bammy for being so remiss.

Bammy seems to be secretly fantasizing as though Labor really got in.  Thank God they DID NOT. What a mess we would be in by now if they had.

It was an ACT of GOD requested by ScoMo that defeated the evil Greeny controlled Chinese Labor Party and saved Australia from a FATE worse than DEATH!!!!
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