#lefties

Open letter to Lisa Wilkinson

Dear Lisa,

Oscar Wilde once said that, “the only thing to do with good advice is to pass it on. It is never of any use to oneself.”

Your open letter to Australian PM Scott Morrison effectively pleads for him to ignore the election result and adopt the policies that cost Bill Shorten his job. Labor’s platform was repudiated by the Australian people.

What is it with the left that is so preoccupied with Jacinda Ardern? Her domestic policy track record is awful. Copying Australia’s gun ban does not absolve her of failures elsewhere. Yes, she is young and progressive but it would have been nice for her to understand the cultural significance of donning the hijab rather than thinking it’s just a garment to augment her virtue signaling. Maybe you should talk to Rita Panahi to get a proper perspective on what it means to wear one.

Do you really think the PM will call his counterpart across the ditch if he needs to reach out? Morrison would seemingly have the answers to win an election within 9 months of taking over the leadership after Turnbull had trashed the Liberal brand. That is what his new party is for. He has their loyalty.

Your request to push for stable government is not lost on Mr Morrison. CM hates to tell you that the Prime Minister almost single-handedly won against all the odds and that has absolutely cemented his leadership. Do not forget the cabal of duplicitous leftists (Turnbull, Pyne, Bishop, Banks etc) within the party are thankfully all gone. The LNP can now be healed under his leadership. Did you honestly miss the significance of his win?

It wouldn’t be a letter from a host of The Project if climate change wasn’t on the menu! CM is pretty sure you voted for Zali Steggall in Warringah. Her sole policy platform is climate change. She emphatically said it in her victory speech.

Sadly, the Australian people rejected foolhardy renewable targets that Steggall wants to pursue. The Labor Party can’t risk running a climate change agenda again. Steggall’s targets are more extreme than Labor. Aussies at the coal face know better than Mosmanites at the Avenue Road Cafe how their financial livelihoods could be irrevocably damaged by Labor/Green climate policies. It is now a dead issue.

Did you know that Australia contributes 0.0000156% of global CO2? That means even if we went 100% renewable our impact is zip. Nada. Zero. Your husband’s Tesla has already travelled 150,000km in CO2 terms before it left Elon Musk’s factory.

CM advises you to watch the Sir David Attenborough documentary, Climate Change: The Facts, and note it is almost completely devoid of hard numbers. Many heart string pulling pictures but it is best you put faith in the PM to hit emission targets without trashing our economy in the process. Mr Shorten couldn’t put a price on climate change and paid a huge penalty because of it.

Please do not be concerned with the hot temperatures. It was hotter in the 1890s and early 1900s. Our Bureau of Meteorology has already been in quite a bit of trouble for fiddling the temperature figures. Feel more sorry for iguanas in Florida that fell out of trees due to the bitter cold and snowfalls.

As far as poverty goes, Australia has some of the lowest rates among 1st world nations. Spare a thought for the 118mn Europeans that live below the poverty line, over twice the rate of Australia. 23.5% of Europeans live below the poverty line and 330,000 German households had their electricity cut off because they couldn’t afford to pay for the record high power prices thanks to renewable energy policies. By the way 42,000 Aussies suffered the same fate last year.

Please quit with the “gender pay gap” nonsense. If companies could hire women at 14.1% less than men for the same job then there would be no point hiring men. Your pay packet is superior to many of your Project co-stars so you’re hardly oppressed by the gender pay gap. Choice of industry has a greater bearing on pay than gender.

Childcare is an issue which is being addressed. Domestic violence is way too high but do not ignore the statistics which show female violence against men. It just goes unreported.

While your sentiments are no doubt well intentioned, Jacinda could learn far more from ScoMo on how to win an election given the NZ PM has never achieved it in her own right.

Yours sincerely,

M. Newman, Contrarian Marketplace

The Ant and The Grasshopper

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Two Different Versions…. Two Different Morals

OLD VERSION

The ant works hard in the withering heat all summer long, building his house and laying up supplies for the winter.

The grasshopper thinks the ant is a fool and laughs and dances and plays the summer away.

Come winter, the ant is warm and well fed.  The grasshopper has no food or shelter, so he dies out in the cold.

MORAL OF THE STORY: Be responsible for yourself!

MODERN VERSION

The ant works hard in the withering heat and the rain all summer long, building his house and laying up supplies for the winter.

The grasshopper thinks the ant is a fool and laughs and dances and plays the summer away.

Come winter, the shivering grasshopper calls a press conference and demands to know why the ant should be allowed to be warm and well fed while he is cold and starving.

Channels 7, 9 and 10, the ABC and SBS show up to provide pictures of the shivering grasshopper next to a video of the ant in his comfortable home with a table filled with food.

Australia is stunned by the sharp contrast.

How can this be, that in a country of such wealth, this poor grasshopper is allowed to suffer so?

Kermit the Frog appears on the ABC with the grasshopper and everybody cries when they sing, ‘It’s not Easy Being Green.’

The CFMEU stage a demonstration in front of the ant’s house where the news stations film the group singing, ‘We shall overcome.’

The Archbishop of Melbourne then has the group kneel down to pray to God for the grasshopper’s sake.

Prime Minister Shorten condemns the ant and blames Scott Morrison, John Howard, Robert Menzies, Capt James Cook, and the Pope for the grasshopper’s plight.

Tanya Plibersek exclaims in an interview on Today Tonight that the ant has gotten rich off the back of the grasshopper and calls for an immediate tax hike on the ant to make him pay his fair share.

Finally, Labor in conjunction with the Greens draft the Economic Equity & Anti-Grasshopper Act retroactive to the beginning of the summer.

The ant is fined for failing to hire a proportionate number of green bugs and, having nothing left to pay his retroactive taxes, his home is confiscated by the Government and given to the grasshopper.

The story ends as we see the grasshopper and his free-loading friends finishing up the last bits of the ant’s food while the government house he is in, which, as you recall, just happens to be the ant’s old house, crumbles around them because the grasshopper doesn’t maintain it.

The ant has disappeared in the night, never to be seen again.

The grasshopper is found dead in a drug related incident, and the house, now abandoned, is taken over by a gang of spiders who terrorise the ramshackle, once prosperous and once peaceful, neighbourhood.

MORAL OF THE STORY:  Be careful how you vote on May 18, 2019.

Scandal-less or Scandalous?

President Obama is often hailed by the left as having a blemish free record. No scandals. Good, clean and wholesome. However a CNN poll has revealed that,

69% think Congress ought to investigate the origins of the Justice Department’s inquiry into Russian interference in the 2016 election, including 76% of Democrats, 69% of independents and 62% of Republicans.

Should we be surprised that the American people want answers to the Steele dossier? The FISA court approval of the wiretap? Did Obama know? If so, when did he know it? Many are questioning the spying conducted on the Trump 2016 campaign.

How ironic that 2020 hopeful Joe Biden is not asking for an endorsement from Obama, his former bromance partner. Maybe he feels he will be tainted by an investigation which involves his old boss.

When will the insanity end?

83yo murals at George Washington High School in the San Francisco Unified School District are apparently traumatizing students of non white backgrounds. Activists have successfully voted for their removal.

The Reflection & Action Group committee comprised of activists from minority groups, students, teachers and local artists reported,

At its conclusion the group voted and the majority recommended that the ‘Life of Washington’ mural be archived and removed because the mural does not represent SFUSD values.

Why not just stop teaching history all together? Or better still just a concocted version of it. Demonize these horrible white supremacists. Stage public floggings in place of detention for white kids in the schoolyard to atone for the sins of their forebears.

If only these teachers started to teach reality of how far society has come over the decades? Take the FBI hate crime stats which is close as we can get to true figures surrounding victimization.

Anti Black Hate Crimes have more than halved since 1996. As a % of the black population, Anti-Black hate crimes have fallen from 0.0131% to 0.0046% of their background.

As a % of all hate crimes, African Americans have fallen from 51% to 28.1%. Anti-White hate crime has also slid from just under 16% to 10.3% between 1996 and 2017.

As a % of the total population, anti-white hate crimes have slid from 0.00052% in 1996 to 0.00023% in 2017, up from 0.00016% in 2011. The media would never run a narrative that hate crimes against whites have jumped 44% since 2011.

The rest of the data can be found here.

It boggles the mind that these apparatchiks think that erasing history and reversing discrimination is the way forward to seek a better society.

How about the latest US history textbook which paints Trump as a liar and many of his followers are racists? Then the publisher wrote that an independent review justified such ridiculous additions as adding to debate and critical thinking. After you!

The media is no less complicit. Just as they wrote about racial bias in high schools. The data proves them emphatically wrong. Yet it paints a narrative so they push it that a cabal of racist teachers are deliberately targeting kids of colour.

Surely time to rename the George Washington High School to the Barack Obama High School instead?

This oppression obsession must end. We must stop bending over for activists who find problems where they don’t exist. This will end up in civil disruption if we aren’t careful.

Why does climate science fraud go unpunished?

Why is it that whenever climate scientists get caught manipulating figures there are no repercussions? Let’s not kid ourselves. Governments around the world have splurged 100s of billions of TAXPAYER dollars on climate abatement that have been based on research that in numerous cases has been found to involve manipulation. Whichever way we cut it, fraud is fraud.

Take the financial sector as an example. There has been much malfeasance committed in the last few decades that have resulted in humungous penalties.

WorldCom CEO Bernie Ebbers was sentenced to 25 years based on nine counts of conspiracy, securities fraud and false regulatory filings to the tune of $11bn.

Enron’s former CEO Jeffrey Skilling was convicted on 35 counts of fraud, insider trading and other crimes related to Enron and sentenced to 24 years prison and fined $45 million.

Madoff got 150 years for his $65bn Ponzi scheme, Allen Stanford received 110 years jail for his $7bn fraud.

Yet when the scientific community commits fraudulent offences, they’re not even brought to trial.

Take the UNIPCC which was established by the World Meteorological Organisation (WMO) and the United Nations Environment Panel (UNEP) in 1988.

The Climategate email scandal in 2009 and the Climategate 2.0 in 2011 have shown far less faith internally than what is publicly admitted. They point to multiple cases of bullying dissenters, ignoring information that didn’t fit the narrative and data fudging.

NOAA was subpoenaed after Dr. John Bates, a recently retired principal scientist at NOAA’s National Climatic Data Center, exposes the Karl study which was used “to discredit the notion of a global warming hiatus and rush to time the publication of the paper to influence national and international deliberations on climate policy.”

Dr. Bates whistle blew on the Obama administration’s efforts to push a costly climate agenda at the expense of scientific integrity.

This was fraud. Data was manipulated ahead of the Paris summit. Developed countries committed to a minimum $100bn. The International Justice Initiative at the University of Tasmania, showed that “The total cost for developing countries to implement their Nationally Determined Contributions (NDCs) is more than US$4.4 trillion.”

Bernie Madoff looks a rank amateur compared to the implications caused by a fabricated NOAA publication. NOAA refused to comply with initially polite inquiries to answer whistle blower claims, baselessly arguing that Congress, its employer, was not authorized to request communications from its scientists.  Despite a congressional subpoena, NOAA kept ignoring its master. Some 6 months later they begrudgingly attended a committee hearing and were found out. Punishment? Nothing. Zero. Nada.

Perhaps if these same scientists were held to the types of punishment meted out to fraudsters in the financial world, their scientific publications would “cool” (no pun intended) to reveal the truth. Alas until they face significant penalties, the alarmism won’t abate (pun intended).

No bias at the ABC?

CM can absolutely guarantee there is no bias at the national broadcaster, ABC. This ABC Kids program seals the verdict. Note the above link won’t allow it to be played on this website. The link in the previous sentence will.

STAY IN YOUR LANE!!!

Since when did the Australian Prudential Regulatory Authority (APRA) become an axe on climate change? Next thing we will see is 16yo Greta Thunberg, of school climate strike fame, adorning APRA releases and annual reports. APRA should stay in its lane as the only disaster on the horizon will be self inflicted.

In the AFR today, it was reported that the financial services sector regulator said, “there is no excuse for inaction on climate change, warning there is a high degree of certainty that financial risks will materialize as a result of a warming climate.”

APRA noted that only 1 in 5 companies are meeting voluntary climate risk disclosure targets which are set out by the Task Force in Climate-related Financial Disclosures, a private sector body chaired by none other than global warming alarmist Michael Bloomberg.

What in the world is APRA doing trying to implement guidelines put forward by a body backed by an agenda? Has APRA considered the wealth of literature debunking global warming? The plethora of scandals that have befallen the UNIPCC, NOAA and even our own Bureau of Meteorology! Has it considered the dozens of dud predictions made by the IPCC? The UN climate science body has publicly climbed down from so many alarmist claims, citing no evidence or extremely low confidence. Can APRA put hrs numbers on what global warming might do?

To be honest, APRA should stay in its lane. It follows on from the lunacy spread by the Reserve Bank of Australia (RBA) on the same topic. The only “high degree of financial risk” will come from their own terrible stewardship of the financial sector.

As CM wrote late last year Australian banks are in a terrible position financially. CM believes there is a high risk that some of Australia’s major banks will end up all or part nationalized when the property market bursts. To quote some excerpts:

In the late 1980s at the peak of the property bubble, the Imperial Palace in Tokyo was worth the equivalent to the entire state of California. Greater Tokyo was worth more than the whole United States. The Japanese used to joke that they had bought up so much of Hawaii that it had effectively become the 48th prefecture of Japan. Japanese nationwide property prices quadrupled in the space of a decade. At the height of the frenzy, Japanese real estate related lending comprised around 41.2% (A$2.5 trillion) of all loans outstanding. N.B. Australian bank mortgage loan books have swelled to 63% (A$1.7 trillion) of total loans

From the peak in 1991/2 property prices over the next two decades fell 75-80%. Banks were decimated.

In the following two decades, 181 Japanese banks, trust banks and credit unions went bust and the rest were either injected with public funds, forced into mergers or nationalized. The unravelling of asset prices was swift and sudden but the process to deal with it took decades because banks were reluctant to repossess properties for fear of having to mark the other properties (assets) on their balance sheets to current market values. Paying mere fractions of the loan were enough to justify not calling the debt bad. If banks were forced to reflect the truth of their financial health rather than use accounting trickery to keep the loans valued at the inflated levels the loans were made against they would quickly become insolvent. By the end of the crisis, disposal of non-performing loans (NPLs) among all financial institutions exceeded 90 trillion yen (A$1.1 trillion), or 17% of Japanese GDP at the time.

In 2018, Australia’s GDP is likely to be around A$1.75 trillion. Our total lending by the banks is approximately $2.64 trillion which is 150% of GDP. At the height of the Japanese bubble, total bank lending as a whole only reached 106%. Mortgages alone in Australia are near as makes no difference 100% of GDP...

…In Westpac’s full-year 2018 balance sheet, the company claims around A$710 billion in assets as “loans”. Of that amount, according to the latest APRA data, A$411 billion of lending is ‘real estate’ related. Total equity for the bank is A$64.6 billion. So equity as a percentage of property loans is just shy of 16%. If Australia had a nationwide property collapse (we have not had one for three decades) then it is possible that the banks would face significant headwinds.

What that basically says is if Westpac suffered a 16% decline in the value of its entire property loan book then it would at least on paper appear in negative equity, or liabilities would be larger than assets. Recall in 2009 that BoA had over 16% of its residential loan portfolio which went bad.

We ought to be extremely worried if our financial regulators are devoting any time to this utter nonsense. It is highly doubtful that APRA could gain any meaningful insights on climate change even if there was 100% compliance with Bloomberg’s diocese. Utterly embarrassing.