Cannot See the Trees for the Forrest

Isn't it amazing that people who become mega-wealthy generally end up telling all us proles what is good for us. 

Take Bill Gates (Microsoft), who set up a tax rorting fund with his fortune to avoid tax, pure and simple, he is continually telling us proles what to do about carbon emmissions whilst his expansive homes have a carbon footprint of thousands of proles.

Take Mark Zuckerberg (Facebook) who has also set up a tax avoiding fund, he avoids tax like the plague, tells us proles that FB is good for society and as safe as houses whilst he gathers megadata and sells it, that is how he made his fortune.

Take Sergey Brin and Larry Page (Google), both of whom have set up charities to avoid tax, Google is the largest miner of data and provider of advertising on their Google search, anything a prole has searched for is linked to an ad and that will be shoved in your face each time said prole uses a web site with an advertising bar.

Take Twiggy Forrest (Fortescue Metals) with his Minderoo charity having soaked up over $2 Billion of his fortune for tax reasons, telling us proles what to do with his Chinese partners pulling his strings and telling him what to do. More on this dude later.

Now I have no problem with tax minimisation, if I was worth Billions I too would look at ways to minimise my tax load, but I would not go telling proles what to do or how to think. That is the difference between a free thinking marketer and the above totalitarian despots who have insecurities coming out of their aresholes, hence the wish and need to control.

Back to Twiggy, the pretender who hides behind his charitable work for aboriginals and then pushes his intolerable views on control all to keep his fortune going larger. He has lost me forever with his hypocrisy and stupidity with his Chinese envoy presser, he has sold out completely, all because of this Chinese Virus spreading through the world like bat wings.

China is digging deep and wide, trying to shift the blame for this latest global disease, and certain global actors are assisting, take the US Democratic Party, take the Australian ALP, take the UK Labour Party, all lying, fibbing, obfuscating to hide the truth.

A prole can only hope that when this unnecessary shut down finishes that our freedoms return and inquiries can get to the bottom of this dead tree forest.

Sunshine

Sunshine, the stuff of life itself, has been vilified for a long time now. It has been said that it is the cause of skin cancer, skin wrinkles, heat stroke, and a variety of other bad things. The good things are more numerous, Vitamin D being the prime example, lack of depression, serotonin production, boost to immune system, and many others.

The best effect however is the production of nitric oxide, the elemental goodness of this product is incredible. It can lower blood pressure, help keep diabetes at bay, open blood vessels to give greater blood flow, this helps with sexual health, and lastly but not least, allows the lungs to function better to help oxygen flow which helps defeat the Chinese Virus, Covid-19.

In this time of Virus, what are our health authorities advising us to do, that's right, stay inside, isolate, get no sunshine. Moving people on from beaches where they are sun bathing and getting much needed Vitamin D, you would think it could be a conspiracy to keep us depressed and scared.

The bureaucrats have their fingers deep in this pile of shit, stirring it up and flinging it at us proles.

No job losses for them, they will in all likelihood receive bonuses after this calamity, voted on by themselves and the pollies because just because.

It is a misdemeanour to lay about sun bathing at the moment, the Stasi, the Police, can issue a fine for such action, how long before it is made a crime which can involve incarceration.

These restrictions on the basic tenents of life have far reaching effects on all of us, the longer they go on the more damage will be inflicted by deprivation, all created by said bureaucrats and pollies.

The proles are keen to get back to a normal life, albeit it with the Chinese Virus, to go along with all the other ailments that can afflict us, the common cold, the other 3 or 4 flu that float around the air, as well as others.

Just let us get some sunshine.

Life and Death in the time of Virus

Statistics are lovely, you can glean all sorts of information from them, move it around, create tables, compare differing facts and figures to make our World more understandable.

Take a few here:-

The average death rate for whatever reason (mostly old age) World wide per 100 people is 1.

The average death rate for Chinese Virus or Covid-19 World wide per 100 people is 2.

World wide, approximately 150,000 people die per day, this equates to 53 million per year (mostly old age).

Just like Winter follows Autumn, then follows Spring then follows Summer, birth and death are numbers in all living things.

So what is all the fuss about?

World wide, approximately 360,000 people are born each day, this equates to 130 million per year (all young).

Replacement is more than double the deletions.

The fuss mostly comes from those of us who are entering the deletion phase, we just don't want to go.

The end effect is fairly stark for deletion phase people, unlike replacement phase  people who have it all in front of them.

The march of life is eternal, statistically speaking.

Lest We Forget

Our Market going Forward

Went to see the vampires this morning to take some claret for divining, wonderful how our medical class can perform, improve and supply services that help us live longer. Thank God we are still 1st World.

Brain functioning well and as the electrons moved those thought processes about, I ventured into the future and how our Markets may fair going forward.

The thing to remember is that the current Chinese Virus is not the first pandemic to visit our shores, the first was smallpox in 1789, a year after 26/1/1788 when Governor Phillip set up Sydney Town and other Colonies, and there have been many more since then.

The biggest difference between historic pandemic and the current one is the influence of Government on the lives of all Australians. Sure there have been shut downs (pubs, cinemas, schools, churches, race meetings, agricultural shows and celebratory events for example in 1919) across all pandemics in Australia, how this one (Chinese Virus or Covid-19, standing for Corona Virus Disease of 2019) differs is the amount of cash being splashed about by Federal and State Governments.

Unprecedented is the word that comes to mind, this creates unique reactions and possibilities for our economy going forward.

A lot of businesses will not prevail the length of shut down, most of these will be employee based enterprises and Corporations, sole traders using casual labour will have the most success at start up.

Given the urgent need to get jobseekers and jobkeepers back to work to start to generate the taxes our un-elected bureaucrats seem to spend willy-nilly, a new concept of employment will need to be taken as given for the hordes of proles that exist week to week.

Things cannot go on the same, redtape, greentape, anytape will have to reduced to nothing to allow any hope to get things moving. And this should mean we need less bureaucrats, my view is a 10% cut across State and Federal environs over the next 365 days. This is not a hard ask, these employees move around all the time, so just by tightening up the zipper a bit will allow them to leave and then gain employment in the real world, the Market based employment that will be available.

More tax generating enterprises and less tax guzzling bureaucrats will be a double improve to the bottom line.

Along with this minor change to effort, Australia should also expect to see a decrease, albeit slight, in reward for effort. Why may be asked, well, if you reduce the cost of things then the market (proles) will spend more on things. This will have a knock on effect to all other markets, like the worth of real estate, the value of money, the cost of goods, the value of reward for effort. This new market will give rise to new entrepreneurship that will give rise to the bobble to allow it to soar.

By taking off red tape, adjusting markets downwards and upwards, the end result will be increased economic activity so increased revenue so paying off debt can be greater and everyone is happier.

Perhaps tax rates can be decreased, down to 25% to 20%, the GST could be increased to 15%, whatever to increase economic activity which is how a free market place can thrive.

None of this will be easy but then extreme measures mean that extreme answers have to be taken. Our economy through the markets will take off and provide excitement and hope and adventure for the future.

Whatever to remove some of the vampires that add nought but a cost to the market.

The World Market

Woke up with vigour this morning, beautiful blue skies and a slight chill in the air with a good nights sleep under my belt. Brain was cracking and my mind came  to markets.

The Chinese Virus is a product that is available, although mostly not wanted, but it has spread widely throughout the market place. It is an advertising guys dream, costs nothing, easily disseminated, you get it whether you want it or not.

What the spread has shown is the difference in the market places throughout the world, how the product has been taken up, how it has been reported, how it being "treated".

Most First Worlders were quick to shut down, and the current data shows that this strategy has been quite successful in slowing the spread, the data from Third Worlders is sparse is probably incorrect, but truth will out in the end.

The biggest pretender is China, wanting to match it with the First Worlders but still the hamstrung kid hanging at the back of the pack and lying, lying, lying. When the shit stops flying it will be found that China will have the biggest death rate, the biggest infection rate, the biggest disruption to its markets that are not real markets at all.

Chinese culture still reigns supreme in China, the Communist only took over the Imperialists to instigate a new bunch of bosses, so the Mandarins changed but still lorded it over the proles. That Chinese culture is based on "Face" which is based on lies, all to save said "Face". This culture does not allow for any fault to be taken even in the face of death.

Western culture, based on Judeo Christian structures, allow for fault to be taken, get up, dust off, try again. It is expected, and this is one of the reasons why Western culture reigns supreme throughout the World. Western culture learns through example and fault, it is built into our DNA to expect to fail at some time but to learn from our mistakes.

This is the most telling example of why China will not recover from this period of time as well as Western cultures. Our system of culture allows fault and fix, Sino culture does not allow for fault so no fix can be applied. Obfuscate and dodge is the best they can try, but this does not allow a fix.

So no blue skies for China, just deep red like their flag.

The New Market

Markets have been pushed aside in order to keep order, workplaces shut down to isolate the proles from one another in an irrational attempt to stop the spread of the Chines Virus. It will still spread but not as quickly as in a pandemic, but in the movement of time we will all be exposed.

Herd immunity will probably take over once the 50% to 60% point of exposure has been reached, this is the normal for virus in the past and will be normal for virus in the future. The Plague or the Black Death, The Plague of Justinian, The Antonine Plague, The Spanish Flu, Aids and the ever present Cholera have all visited humanity previously and they all still hang around in some form and number. 

Firstly we need to get over our panic and understand that this is a situation that is natural, albeit helped by bat eating habits in China, we will see more of these virus in the future, I just hope we do not have to go through the same market resets that we have yet to experience. Nature hates a vacuum so the market will be filled by many other ventures, some good some bad, but the bobble that the market is will not fail, it is the basic of human interaction. 

From our earliest moves as hunter gatherer tribes to modern metropolis, the market has always been there as a standard for the exchange of goods, the exchange of ideas, the exchange of wealth. All we need is for Governments to get out of the way, to get rid of the red tape, to allow the kernel to flower and the markets will be filled with new entities, it is natural.

The new market will be a bit different, it will come with a new feeling of openness after the short period of shut down, the entrepreneurial nature of proles will fill the holes created by Governments and the Chinese Virus, but then I am an eternal optimist. I hope Governments understand the need for untrammelled activity for a short period to encourage all humanity to get back on board. Bureaucrats get out of the way!

Saturday, the China Syndrome

China has lied, about everything. How good it is, how good the stuff it makes is, how the Chinese Virus started. The Chinese (not just the State but also the people) are chronic liars, it is all about face being kept, so a little lie about the probable death of a million or so people will matter nought to the Chinese. Watch their fudging on figures, on reasons, on everything.

The Chinese economy has now supposedly gone into negative figures, very different to the last years or massive economic growth reported as over the last ten years from 8% P.A to 6% P.A. How you can go from 6% growth to a negative of roughly -1%, a drop of 7% over two months. Very rubbery figures, but not if you accept that China lies.

The knock on effect will not be seen by the 1st world easily, as China always lies and will cover the facts for ever, but stark economic reality is about to hit the hybrid Communist/free market economy. Millions dragged out of rice paddies will be losing their factory jobs, even the army will find it hard to feed itself, the West will offer help and it will be taken but the probable civil insurrection will cripple China even more.

Its attempt to be number one in the World will dwindle away to be nothing but a large nation with a lot of people and some nukes trying to play catch up to the West. This Chinese Virus will cause a bigger Cold War than the one between The USSR and the USA (on behalf of Western Nations).

And they will hate it, having to eat crow (instead of bat), I can see again a withdrawal of China from the modern World, as they have done in the past many times. I can even see Xi losing his role (a health issue will be blamed) as the fish head is disposed of. 

The West will bobble along in the sea of markets which are mostly left to their own design, and they will end up running National factories for their products to consume. This will be a long period of adjustment, of between 25 to 50 years, but in the end things will stabilise with Internationalism the big loser.

Climate Change will also take a back seat as funding from Governments will dry up, but market forces will prevail and come up with better solutions at a much cheaper price.

So it will be goodbye from me and goodnight from him, but in actuality it will be goodnight from China.

Friday fun, furphies and fright

Friday in sunshine, again, 17/4/20 and 8.30am and bright blue skies, the wonder of nature.

Humanity is a different matter, our National leader is trying to show the way, Scotty from marketing is presenting what his bureaucrats come up with, each and every State and their bureaucrats are all coming up with different isolation criteria and schooling suggestions. This is the age of isolation, the time of virus, the brief of the bureaucrats.

Can we walk, can we surf, can we sit at an empty bench and have a coffee? Sometimes yes, other times it depends on the State bureaucratic Nazi Stasi, AKA the Police, they have the stick and they are using it more than ever.

As I always say, follow the money, and that is what the Police are doing, following the money from poor proles into Government coffers. It all shows the utter contempt that the bureaucrats hold for their masters, the taxpayers.

People are mostly good, look at the UK and see the 99 year old WWII veteran marching up and down the square to raise money for the NHS, he initially wanted to raise 2,000 pounds, but he has raised over 30 million pounds. 

The carrot works so much better than the stick, the proles know this but the bureaucrats do not give a damn, power is their drug.

Speaking of bureaucrats, I have signed up to a TAFE online course to improve my spreadsheet skills in this time of virus. The time given to complete this particular course is 70 days, I have spent 4 days working about 6 hours per day and have completed approximately 90% of the course. No wonder our kids get bored in school, one whole lesson is about ergonomics and taking breaks and thinking about the good things to be done to the environment.

Getting back to that sunshine now.

Check Point Coolangatta

Easter long weekend almost over and the Stasi have been having a party. Border controls everywhere, fines being issued, record receipts of money. But it is all about the virus. 

I had to get a new entry permit to go to Queensland, imy name and address to fill in, reason for travel, and two ticked boxes  to say I agreed with the terms and conditions, all on an unsigned form. All of two minutes, what a chore. And the same government allows a brothers funeral in FNQ and allows 80 people to attend because well because.
A lone person cannot sit on a park bench with no one around for 100 metres, the Stasi will bee line to that person and give a $1,000 fine for breaking social distancing rules, yet in FNQ, the Qld government allows 80 brothers to bury one, mingle, drink, smoke, all together, and that will not spread the risk of virus.
The Gods have gone crazy. 

Once again the news is all gloom and doom, this many dead (a small number), that many infected (a small number), this many arrested/fined, all Henny Penny stuff when compared to previous pandemics, or even the normal flu that kills many more each year.

And up to 6 to 12 months of this. Somewhere, someone is lying.

As I hear, the short time of infection is the reason for shutdown, then you hear that the infection rate is slow and long and that is the reason for shutdown, honestly, these bureaucrats need to stick their egos back in a bottle and understand some basic principles of due diligence and honesty.

Everybody knows that sometimes life is a lottery, but the rules do need to be made clear, otherwise we will end up with an anarchy session sooner rather than later as one broken window would show.

The police being all Stasi like do not help.

Wuhan. like Afghanistan

Wuhan is pretty much at the centre of a lot of things:-

1. The centre of the fight between the Communists (CPC - Communist Party of China) and the Nationalists (KMT - Chinese Nationalist Party - CNP) back in the early 20th century. 
The CPC ended up in power in mainland China under Mao (Mao Zedong) and the KMT ended up in power in Taiwan (originally Formosa and sometimes called Taipei by Chinese mainlanders) under Chiang (Chiang Kai-Shek).
Both Mao and Chiang were communists, Mao being an Internationalist Socialist rule book dictator just like Lenin, Chiang was a Nationalist Socialist just like Hitler.
Both however were in a civil war over who would rule China, Mao and his killers won power in mainland China and the subsequent death of up to 50 million proles in such folly as the great leap forward and other flights of fancy.
Chiang and his followers ruled for a while but eventually Taiwan evolved into a capitalist market based economy with fairly free election processes and minimum deaths through follies (such as the Little Red Book and the great leap forward).

2. The centre of mainland China, Wuhan - pretty much so, just like Afghanistan is at the centre of another dictatorial area, the Stans or lands converted to Islam, these are also turgid layabouts in the modern World much like China.

3. The centre of the bat eating culture of China that is responsible for the current time virus that is affecting the rest of the World. The unfortunate side effect that Xi and co. had not planned upon when they tried to take advantage of the uncontrolled spread of the Chinese virus is that the Internationalist Socialist goal has pretty much taken a very rear seat in its goal for World domination, communism/totalitarian/free market/capitalism seems to always end in a hybridisation of the last two, with elections keeping the pollies on their toes and the military at the behest of the people through the political class.


In other words let me make a clear definement:-
Communism has a bunch of arseholes lording it over the proles;
Capitalism has a bunch of arseholes being lorded over by the proles.

Clearly Capitalism has more appeal then Communism, like rule of law, property rights, taxation through effort, the right to vote, you know the basics of the Magna Carta, The Bill of Rights, the Constitutions of most open market based capitalist societies.

The Internationalism that the arseholes wish to use to lord it over everyone is now a distant dream, virtual walls are being erected as planes are grounded, ships from distant lands are not allowed to port, trade restrictions and embargoes under the new to be soon erected duty walls will allow countries to once again grow their own.
The knock on effect will see civil insurrection in China as the newly made middle class will pitch fork the Commies as the factories close and the food runs dry.

Hip hip hooray as the market will once again rule in China, even in Wuhan.

China lies

Sunny day and great music on the radio, 70's, 80's and 90's hits, better than the mournful feel sorry for me shit of today.
Saturday and traffic is very low, in this time of virus most are staying at home.
Just read a great piece by Peter W Singer (from 9/2/20).
Have every reason to believe the thrust of the article, and that is that China has lied and is still lying about the spread of this virus in China.
When I say China has lied I am referring to the ruling Communist Party of China, the body that infects every part of Chinese life, much like this Chinese flu is doing.
We are living through the experience of the novel 1984, The Ministry of Truth is spreading the biggest lies about this Chinese flu to try to deflect the truth about this Chinese flu.
I do not believe the theory that China created the China virus to spread it around the world, but I do believe that very sloppy hygiene and the keeping of bats for food helped the jump to humans of the Chinese virus.
Every good Communist knows not to let a good crisis go to waste, especially the ChiComs. Spread the bullshit as far and as wide as the Chinese virus, to colour the waters such a deep black that truth cannot be seen through it.
This claim that the Chinese virus has been eradicated in Wuhan is about as real as the updated daily infection rates by almost all countries, with the most honest being 1st world free nations and the most dishonest being the Chinese Communist Party, the beast that rules the 1.4 billion humans in China.
Time after time the world has been exposed to Communist ideas and I will repeat what I have said in the past, no good can come from repressing the human spirit.
That spirit enables most humans to seek out a better existence on a daily basis, making better through effort, being concerned with self, understanding your co-existence with the rest of the proles - humanity.
Sunshine calls ...

The Dead Weekend

Fairly typical for this time of year, it is raining and cooling.

Easter is here, the Christian holiday celebrating the death and resurrection or rebirth of Jesus Christ. 

Before that the Jewish people had Passover which celebrated the release from captivity from the Egyptians,although probably time diluted over the eons to concur with Spring. 

The time period was originally called Eostre, a celebration of birth because the Northern Hemisphere was coming out of its Winter that allowed planting for the coming harvest in late summer.

The convoluted imagery is even tied up further with the Easter bunny, a prolific breeder, giving eggs which give new life, the egg also representing the empty tomb of JC. All these thing interpreted by their ideology and idolatry.

Basically, over time, more modern religions have taken over the time periods for their own devices but keeping some old custom to keep heathens and others happy.

Here in the Southern Hemisphere we are entering the winter period, not planting time but cropping time, but do we care, as long as we get a few days off. 

All of it is based on imagery except for the heathen based rebirth for planting which is based on reality.

The inner heathen/atheist/realist in all of us should recognise the truth in events that are core to the sensibility of life itself.

Even virus is aplenty at this time this year, its life itself tells us all that Globalism is not all that it is cracked up to be, step back and view the wonders of life small and large.

As in life in general, with reality and heathenism coming before Christianity, RNA came first and can outplay DNA at any time. RNA is like our reptilian brain, the core impulse reactor, the driver of adrenaline and cortisol that give rise to our fight or flight action. DNA is a more modern set of life building instructions that allow us to make decisions that can be bad for our future, we can decide to fight instead of running and this can prove fateful. Our herd instinct can insulate us but it can also kill us or portions of the herd at least.

Whatever happens, water is life giving, for RNA, DNA, virus, complicated lifeforms, everything, so enjoy the rain.

Lock down!

Lock down is good, it saves lives and stops the spread of a virus, ceases normal plebian activity like socialising, working, adventuring, you know, the everyday things that make us human.

So lock downs make us less human, more plebian, more reliant/dependant/suspicious of the state and its apparatchik.

These are not good times for 1st world nations, it gives the bureaucrats and to an extent the pollies working hand in hand to debt up and drive down 1st world status into 2nd world or lower. Whatever it takes.

This action is basically the same as any carbon type tax, designed to "remove" funds from 1st worlders and give it to 3rd worlders.

This is the dream of globallers, or globalists, the John Lennon heroin clouded version of life called Imagine.

A great song but poor in meaning:-

Imagine all the people
Livin' for today

Imagine there's no countries
It isn't hard to do
Nothing to kill or die for
And no religion, too

Imagine all the people
Livin' life in peace

You may say I'm a dreamer
But I'm not the only one
I hope someday you'll join us
And the world will be as one

Such a dream, no thought for individuals just us as one. 

What these useful idiots forget is that there are 7.5 billion, 7,500,000,000 human animals on the Earth, to statistically believe that that amount could all be as one is beyond belief. 

A dream, a desire, an imagined idiocy.

And with numbers, back to Covid-19. So far, of the worlds population, 0.02% have the disease, 0.001% have died, giving deaths per infection of 5.54%.

Hardly the calamity, yet, that the pollies and the bureaucrats have "modelled".

Comrade Murphy has just outlined the worst case scenario, with 95% of Australia's population of 25 million getting the virus ALL at the one time. 

He even states it is not a prediction or even remotely likely to occur, but he then goes to present it, the news will spin this to EXTINCTION! 

Never let a crisis go to waste, even if it is based on a lot of BS, all to cow, lie to and dupe the plebs.

Locking us all down.

We are the Frogs

The NSW shut down has been fairly hard and swift, all the other states have done similar or better (or worse, depends on your view) to restrict our movements and living in general. 

The Federal Government is using Doctor Brendan Murphy (he is the Chief Medical Officer of Australia and the Secretary of the Department of Health, he specialises in Nephrology which is the kidneys) for delivering advice to all us plebs, so hopefully with all this social distancing (SD) and grog drinking we will have healthy kidneys with all that liquid flushing.

The advice about SD is that it is the best way to avoid the Covid-19, that is until you get it. The reality is that the advice is there to slow down the rate of infection so our health services can cope with ICU cases, which is mostly older plebs. Like every other flu, this beauty will infect a lot, kill a lesser amount, and become a seasonal fixture like all the other flus.

The Government has gone in so hard it is like the frog in a pan of tepid water that is raised to boiling and the frog gets used to it and dies from roasting. Except in reverse, the pan is boiling and we have been dunked in it, so any decrease in temperature seems like heaven.

So go in hard and go in early, turn the screws of confinement up so tight that when the authorities release them slightly it will seem like freedom is on us in spades.

Sweden and Taiwan et al are trying a very different approach, more of a sensible distancing let 'er rip attitude and hoping that again the spread of Covid-19 will be slow enough for society to cope with it.

Time will tell but based on history, this is a 1 in 100 year virus storm which will dissipate, Spanish flu after all still does the rounds continually.

The worry for the free world is whether the bureaucrats, who have their hands on the wheels of power, will give the wheels back to society easily, I think not.

Enjoy the isolation.

The Money Tree

In this time of virus and self isolation, a lot is being discussed about surviving and money. Living in a market/capitalist economy, it always comes back to the money.

Industry and business are making hard yards of it, especially those that rely on cash flow for survival, which basically is all of them. Cash in terms of cash flow is a generic name for all sorts of receipts, cheque, credit card, money transfer, cash itself.

Who follows the rules, well mostly everyone, but it depends what those rules are and how strict the authorities are.

Lets discuss Super(annuation).

Private Super funds have to follow very strict rules, even the Mum and Dad ones, they work under the Corporations Act, which has to have every T crossed and every I dotted. They are taxed on every dollar made after deductions and are strictly followed by APRA and the ATO (Australian Prudential Regulatory Authority and Australian Taxation Office).

Industry Super funds basically get to follow the same rules as bowling clubs, even though they have $Billions under control, APRA and the ATO treat them as non-profit organisations, their taxation structure and investment structures are different to Private Super funds.

A certain cash component has to kept by Private Super and the Banks, in case of demand, this rule does not apply to Industry Super.

This means the reporting rules are more factual for Private Super and Banks than those for Industry Super.

This means that Industry Super can basically "lie" about its returns and its overall value, hence the reason Industry Funds have "topped" the lists of all Super funds in previous years.

Now that the current National Government, in this cash strapped time of virus, has decided to let punters access to their super, $10k this financial year and $10k next financial year (with any penalties put aside) for living expenses, the Industry Funds are begging for a bailout.

Let them eat cake I say.

Private Super can afford a slight run on themselves because they keep 20% in cash, a rule of thumb is a run will only be 20%, so the Private Super Funds keep their value of overall funds.

Industry Funds however will have to sell shares to cover a 20% run, which means selling shares (which have basically dropped 20% in the last 6 weeks because of virus), so the overall cash value will be 20% lower.

In a nutshell, Private Super will lose only 20% of value, Industry Super will lose 40% of value, when things are brought to account.

These figures are all rough outlines but this is the impact of a Union run ponzi scheme, like previous Union shop outlets and the Solo petrol stations, all closed because of poorly thought out objectives, poor management, and downright theft that is endemic in the labour movement.

Gonna go and spend some money now on coffee and breakfast, keep those wheels greased, in the private sector that is.