Comments by "Peter" (@peter65zzfdfh) on "VisualPolitik EN" channel.

@freeman10000 or Hobart, not even a Casino….
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@MrStranglin yeah, and arguably this is the whole point he was making, if you want you can invest in just about anything, no matter how stupid or smart it’s your own call. About the only restriction is that it can’t be something you benefit from before retirement.
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Wifi, the ghost bat, Atlassian, cochlear, incat, making penicillin medically applicable I could go on. There’s tonnes of innovation in Australia, there’s just very little to no manufacturing because all the mining revenue keeps the exchange rate too high for a distant country to have competitive manufacturing costs.
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The super guarantee is also now 11.5% and hasn’t been 10.5% since June 2023.
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The people with the guns are the ones turned on by authoritarianism. Besides, doesn’t matter how many guns you have if you’re facing a drone strike in response.
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Due to advances in drones and satellites non nuclear submarines might as well be boats as they need to surface regularly. Defense also isn’t just striking things at your doorstep, it’s disrupting supply lines. You can see proof of this in Ukraine right now, you can’t win if you can’t strike long range. They’re bloody expensive but likely the only piece of equipment likely to provide any deterrent to larger powers who could otherwise decide what they want to risk with impunity.
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Norway’s super power was properly taxing the mining and investing that money in a sovereign wealth fund. Australia’s politicians just got bought off or were politically killed off by mining billionaires.
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You need a magnifying glass to see them if you exclude the things everyone gets like pensions etc.
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75% of people in Australia have at least one parent not born in Australia. Most of the country is immigrants. Immigrants are the only reason there hasn’t been a number of recessions in Australia in the last few decades. More people = more demand = more GDP and more workers. The population would otherwise be shrinking and having trouble funding all this.
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If nuclear weapons are hitting Australia the Northern hemisphere likely stopped existing hours earlier. That would probably make New Zealand, Brazil or the 25% of Australia that’s left as the only super powers… if humanity survives at all. As you point out there are new solid batteries that actually still use lithium that are even more safe than the safer lithium chemistries in use today. Not all lithium batteries are lithium ion. And the point of US investment is to establish processing for lithium outside China.
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10:18 this information is ~2 years out of date, it’s 11.5% now and will be 12% in July.
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The navy isn’t a patch on France and inflation is mostly under control. Recession or not in Australia largely depends on other countries.
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Both US and China’s birth rates are below replacement. Australia doesn’t have multiple continent spanning navigable river systems. It’s certainly capable of supporting a lot more people but the geography isn’t as completely overpowered as the US or China. And the ‘blessing’ of natural resources has meant a high exchange rate making manufacturing prohibitive. The last major manufacturing was killed off when the AUD was last worth more than the USD, due to mining exports.
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