AOEDE

The Reserve Bank of Australia the biggest contributor to Inflation

2009-11-07T16:31:00.000-08:00

It seems a bit crazy to me that our Economic minder is the biggest contributor to Inflation. Having admitted that they acted hastily because they were conned by the Oil Price Futures Scam they now in their wisdom "jack up" the cost of money again. This of course adds an uncontrollable expense to every business in existence. Every employee is now seeking more money to pay for the fact that every commodity they use will have the new cost of money built in. From Housing to Bacon and eggs the cost of living will rise. Inflationary of course. My case rests. RBA contributes the main factor and the alternative currently is pain to Joe Public.

Come on you guys there has to be a better way.

Economists have conned us all - they really do rule the world

2009-10-08T17:01:00.000-07:00

Apart form the absolute lunacy that the Reserve Bank of Australia has shown in increasing rates to early, based on the findings of the same economist who got us into this mess in the first place we see an equally uninformed and selfish approach from the economists of the major financial institutions aggressively lobbying for a change in rates. There lobbying has absolutely nothing to do with anything other than more profits for the organisations who employ them.

Clearly these "people" have no concern for the people who are now out of work in the huge number of small businesses that are now insolvent and because of the waiting periods at "Centrelink" and other Unemployment benefit organistaions have not yet hit the stats.

I am sorry but you guys are just using muscle to meet your own selfish ends. Uncontrolled markets globally are still exactly uncontrolled because how can the Australian Dollar the flagship of one of the smallest economy's globally become one of the strongest and most heavily traded currencies in the world.

Talk about saying whatever we need to say to suit our own need is the statement from Choice re the inconsistency of rates amongst the Banks. Because they have not moved in consort they question the motives. If the had moved in unison they would have cried collusion.

Sorry guys I have absolutely no faith in your so called profession - frankly as a profession I have more respect for the oldest profession in the world.

Logo Madness - Apple versus Aussie Woolworths

2009-10-04T17:37:00.000-07:00

So Apple reckons that the Woolies Fresh Logo - looks like an Apple. Yep, an apple a potato or any other fruit you maybe able to buy in a supermarket.An Apple peel maybe but an Apple give me a break - can I have what ever your legal eagles are having. Above anything else it is a stylised "W" a Big W - a "wuh" a double U. Apple take your stupid legal action and go home please. This type of ownership is getting silly - leave my Granny Smith alone please.

Banks raking it in amid financial crisis

2009-06-18T00:31:00.000-07:00

An interesting article on the Reserve Bank of Australia report on Australian Banking.

Only further confirms that the Recession in this country is totally contrived by our Market controllers and has little else to do with the Global Downturn.

Scaremongers - get lost - please.

So we are frightened that the Government will take control of the American Banks

2009-02-28T15:00:00.000-08:00

Well they should have thought of that when all of these make believe securities were invented.
The Banks have proved themselves completely inadequate in any kind of Fiscal prudence whatsoever. They turn up and ask Mummy and Daddy to get them out of trouble and now want to squeal like the spoiled brats they are that Mummy and Daddy want to ground them for stupidity.
I am sure Mummy and Daddy will let them out to play again one day when they prove that they are actually able to play nicely in the world.
Lets not be frightened - selfish greed has brought the world to this mess and now controls need to be applied - lets celebrate and get on with life.

Poilticians are all pathetic "dweebs"

2009-02-23T18:41:00.000-08:00

The article attached here is just one of so many pathetic performances from our Parliamentary geniuses.
You have to know watching our elected representatives performing so poorly is getting to be very tiresome. Equally I find the rather blank look from our frontbenchers when questioned on their portfolio and are so shockingly found out as to their detailed knowledge of their respective portfolios.
Perhaps that is why we never actually do anything constructive from a decision making point of view.But our erstwhile Government prancing around giving money away instead of really spending it on long term beneficial infrastructure projects (like capturing flood waters and diverting it to the inland river systems.
I am so tired of being sucked in and manipulated by the Financial Power Brokers of the world who clearly have the power and money to manipulate markets whichever way they want.
Clearly we are totally at the whim of major power brokers who seem to have their way with these parliamentary pawns whom have been elected to manage and administer on behalf of the electorate.
So stop the school yard antics - remember who put you in power and stop wasting time with schoolyard bullying tactics. You are actually giving "dweebs" a bad name.

How wrong can these guys get it?

2009-02-17T19:44:00.000-08:00

You read this article written by the ANZ 12 months ago and all we wanted to do was stop this dreadful thing called inflation. They are only echoing their mates and the discussions they had over a wonderful lunch down in the Pub in George Street Sydney or William Street Melbourne.

You really do have to worry about the Ecomonists of the world because quite simply these guys are quite capable of telling us anything they want us to hear as they attempt to predict (manipulate?) markets.

I have been amazed at the continual Economic Outlook being promulgated daily and in one day you can generally find a variety of conflicting opinions. Our economists spent months convincing the markets that interest rates in Australia needed to rise because of the inflationary trend. A trend mind you largely driven by Oil Prices that continued to spiral until OPEC called the Wall Street Futures Traders out for over trading the price on economist outlook. When they cut the production rate we saw Oil Prices fall out of bed in monumental form and return to a reasonable price. I bet one thing for sure these sods are still manipulating a market.

I watch with interest daily the trade in our "SPI" Index trading - yet another wondrous document that can be traded against a number (created by adding a few "indicator" numbers together multiplying by 100 and calling it an index) that is clearly manipulated by the dealers within minutes of the ASX opening. Frankly the only reason they trade in this index is because they (the dealers) can manipulate it, otherwise they would be down at the casino dropping there money on 26 Black.

My simple questions how do we take control these "experts" who clearly are a disgrace to the piece of paper they call a degree.

Our Reserve Bank listens to these people and now admits they were hasty in lifting rates. Even worse is the horrible truth of where these "experts' have taken us and we are paying a very dear price.

Lets get back to trading physical commodities, lets remove fancy negotiable securities and go about our business of living, buying our food and purchasing to satisfy our needs. Let Governments get on with providing us with the essentials of life like schools,roads and hospitals etc., and to the Economists of the world go and get a "real" job.

Happy Birthday President Lincoln

2009-02-11T19:54:00.000-08:00

Today is the 12th February and is the 200th anniversary of Abraham Lincoln's Birthday.
He is a man who held the Presidency of the USA during some of it's darkest days and yet he is recognised as one of the greatest Statesmen to have ever held such high office.
The now most famous speech "The Gettysburg Address" delivered in November 1863 remains to this day one of the greatest speeches ever given. The Civil War still raged on and in drawing attention to the Declaration of Independence signed some "four score and seven years" prior he called the Nation to stand again under the flag of the USA. He so carefully crafted his words in dedicating the Graveyard at Gettysburg to remind the Nation of its very core, it remains as the true spirit of a proud nation growing and evolving as one nation.
The USA again faces dark times as it has so many times before - of one thing we can be certain, it will recover from this time, and it will remain the truly great nation that remains strong under Liberty's Flame - "Give me your tired, your poor,Your huddled masses yearning to breathe free,The wretched refuse of your teeming shore.Send these, the homeless, tempest-tossed to me,I lift my lamp beside the golden door!"

Happy Birthday Mr Lincoln

So now the Banks want to give back the money!

2009-02-10T18:04:00.001-08:00

This article in the New York Times is still scarier than yesterday.

It begs the question are these guys deliberately manipulating markets and now realise that we are catching on to their irresponsible shenanigans. Greater controls and reporting procedures must be brought into play as it seems we are just pawns in their evil greedy game.

The US Bail Out - it is time for FSRA

2009-02-09T21:49:00.000-08:00

This article in the New York Times is a little scary.

The Financial Services Reform Act that was implemented in this Country early this century has certainly seen the Banking system in this country in a much better state than it might have been. Clearly the open trade attitude of the Banks in Europe and USA has seen the world financial systems brought to the brink. The Governments of the world have been forced to implement "bail outs" at an unprecedented level. Surely the taxpayers of the world should need and want to reign in these - "greedy, selfish" organisations whom simply have thumbed their nose at prudent management.

I sincerely hope that President Obama and his legislators bring in a much stronger set of watch dog disciplines to protect those of us whom have trusted these organisations. The same disciplines need to also be considered across the UK and Europe. One feels that the market manipulation that has gone on without any from of control has been very largely responsible for this crisis. We will trust them again - we have no choice - but it would be much easier to do so if we knew a large dog with teeth was sitting watching on our behalf.

Whyalla solar project set to shine

2009-01-29T18:35:00.000-08:00

This article in the Adelaide Advertiser a bit over twelve months ago seems like a highly topical issue right now.

The principles of Solar Power generation in this world of "Green Power" and at a time when loads in this State (South Australia) have put the system seriously to the test with somewhat disappointing results. The system will allow generation for Base Load requirements and peak load requirements and therefore assist in allaying the problems that we have experienced in this heat wave. What more can you say in this State where temperatures have soared into the 40C/100F category everyday this week and seem destined to do so for some days to come what better generation technique do we want.

The other sad part of this is the word desalination appears as a very minor corollary to this article. I saw an early feasibility on this study about nine years ago and in that the power generated had largely already been committed to the big Steel producers in the region. But here is the rub, the freshwater recovery from the process was projected to not only supply the City of Whyalla but turn the Morgan Whyalla Pipeline around. The removal of the drain on the River Murray alone was surely sufficient incentive to proceed. To mirror (excuse the pun) this project would lay the ground for many such similar plants around the coast of Australia generating Green Power and solving the water shortages in so many parts of this country.

This link will give some more insight into this technology as well. http://www.desertec-australia.org/00csp/cspprojectsworldwide.html

A parting question however, I have heard nothing more of this project since this article, what has happened?

Whats Love got do with it?

2009-01-15T17:56:00.001-08:00

I am going to be a bit naughty here I am simply going to redirect you to my other blog. The topic seemed so pertinent in both places.

So click here and head over to http://jimmanning.blogspot.com

Or just listen to the music here.

Oh for @#$% Sake

2009-01-07T21:57:00.000-08:00

Americans 'too depressed' for sex, porn barons seek US bailout

Can you believe this article - one can only hope they are joking. Unfortunately I fear not.

An interview with Father Xmas, Santa Claus, Kris Kringle et al

2008-12-23T17:48:00.000-08:00

As many of you know one of my very best friends is Father Xmas and he recently attended a Christmas function at The Mallala Playgroup at my request. I was planning an interview with the Grand Old Man but it is probably better if I just let him ramble on about Xmas - he is a bit like that you know. So here he is by whatever name you may know him - take it away Kris.

"Well thank you Jim it was a fun day at Mallala and all of the children were absolutely beautiful.

Well I am in the last few hours of preparation and to all the people of the Western Pacific and particularly in New Zealand it will not be long before I am on my way towards you. Oh what a night it will be as well as I chase the clock across the world.

I thought I would like to share with you via Jim's Blog a view of Christmas from my side as if you were looking through my eyes.

Firstly the responsibility for me is to carry the message of love and care across the world and to do the best I can to ensure the people understand that Peace and Goodwill are not just words and can be achieved so easily if you could all just understand how easy it might be.

Of course the Children of the world who simply believe so much are living proof of how well that trust can be sustained. I am not so sure why some of you "grown ups" lose the simple innocence that lives in you all from the day you were born.

Let me assure you to look into a Child's eyes from behind my beard and glasses is indeed a gift I wish I could deliver to you all - even the look of the very young child who can at times be overawed by all that redness,whiskers and HoHoHo'ing in just twelve months it is amazing how quickly they come to understand who I am.

To walk with Children who just want to hold my hand, to share their lives and their innermost wishes is a privilege that is immeasurable. My one desire is to encourage them all to carry the ideals of love, friendship and loyalty for all of the days of their lives.

Now let me turn my attention to the "grown ups" - as your treasures come forward and sit on my lap and unfold those truths I look up and see the glow of love and emotion absolutely radiating from you all - may I make a little suggestion remember that feeling as your Child looks upon me with the innocence of youth - allow that feeling to absolutely permeate every corner of your body and mind. That energy as you amplify it and project it on the world is the very essence of how the message I carry and represent will be carried amongst you all.

It does not matter by what name you may know me, it does not matter what religion or doctrine you may follow, it does not matter what colour race or Creed - my message remains as simple and as basic as it always has.

Before I go I would just like to remind my friend Jim - watch yourself buddy - I would hate to have to shift you to the Naughty List.

So my final words as I leave to make just one final check of my lists and my itinerary -

A Very Happy Christmas to all - Peace and Love to the World - and to all Good Night"

Now thats what I call exploitation - fail Berlin Zoo

2008-12-03T14:30:00.000-08:00

You have to know that this article on Knut the once cute polar bear cub is very distressing. I am one who in the main hails our Zoos as the last hope of preserving many of our species.

I find this article very distressing and believe the management of the Berlin Zoo is failing the mandate we give to Zoos globally. - Fail

Oh my God the USA is in recession

2008-12-01T14:21:00.000-08:00

I don't know which planet our Wall Street Einstein's are living on. We wake up to the news the USA is officially in recession - I mean to say which @#$%^&* Rocket Scientist worked that out holy $%^& where have you guys been.

So now it is official the markets fall again - keep up the good work you guys the intelligence being displayed out of the financial precinct of NYC is simply mind blowing.

Get you stuff together and lets get going because as history will tell you - WE WILL SURVIVE.

While you are here have a little vote in my poll.

The Economic Downturn - has it effected you

2008-11-25T21:01:00.000-08:00

I have discovered Polls and am finding the results very interesting.
Please join my latest poll

"What people should be doing is reacting to their own personal circumstances"

2008-11-23T23:33:00.000-08:00

The Commonwealth Bank is now joining in the JimBob lets stop talking everything down campaign.

Hooray - now media stop putting taglines on the top that are perpetuating fear.

Markets stop perpetuating the fear in an oscillation game of Win,Profit Take,Fall,Rise etc.

US car makers told to submit new recovery plan

2008-11-21T20:26:00.000-08:00

As has now been quite well reported the car makers of the USA did not impress and have to comeback a little better prepared than the last effort.

Clearly the big two GM and Ford are also very important to Australia and indeed our Government has put up a few bucks to help out. Must say I am not quite sure where Toyota sits in all this but again Australian Car Making is very much reliant on the Japanese Giant, and they have also shared in the generosity of the Australian taxpayer. In fact Toyota appear to be weathering the storm better than most.

I would however like to extend my sympathy, in some small part at least, and suggest to the Congress that when the car makers return to the table that perhaps the Unions better be sitting alongside with cap in hand as well. I fear there is not enough said about the role they have played in bringing the industry to its knees.

Hmmm, I wonder if the leader of the House will subscribe to my Blog.

The Adelaide Advertiser Published my reply

2008-11-21T19:28:00.001-08:00

I am pleased the Advertiser published my follow up Letter to the Editor. I must say the article a couple of days ago on which they put the heading "Still Feeling Good" I did feel was placed a little cynically by the Editor.
It was ironic that the very night after it was published the Reserve Bank of Australia Governor saw fit to warn Australia to be wary of talking ourselves down.
So what to do now - well I would suggest that "The Advertiser" and all other News Corp and media commentators should now start digging a little deeper and genuinely understanding the vagaries of our current Financial Market dealers. I am convinced that far too many of them are too young and too inexperienced and simply are playing with a numbers game and ignoring true fundamentals of life experience.
You cannot simply turn up and pop on a visor and sleeve bands and play money market dealer, and yet this is a trend that is repeated over and over again about every 10 to 15 years. I fear our markets are treated a little too much like the Texas Hold 'em Poker game down at the local pub, I also fear that too many of the dealers are the young men and women I spied sitting at the tables the other night.
I was sent a summary of a book recently and unfortunaetly cannot find it just now but will re-edit this blog when I find it. Essentially the author admitted how as a young man he was sat down at desk with Computer terminal, a big pot of money and not much else and sent of to market. Worrying but true and not much different to some of the experiences I had as young banker. Although I must also say I had some of the most experienced men around sitting on my shoulder.
Market melt downs are so completely unnecessary but unfortunately greed and stupidity continue to get in the way.
The simple announcement of Timothy Geithner as the new Secretary of the US Treasury by President (elect) Obama saw a last minute surge in Wall Street just before the close. The fundamentals sure did not change but perhaps the fact Barack Obama is getting on with the job and showing some wise judgement in his Executive appointments is the catalyst Wall Street needs to get back to fair market value trading and stop being influenced by the Bear Market hedge dealers.
Let's get on with the job - the Listed Blue Chip shares today look even more blue than they did yesterday.

The Governor of the Reserve Bank of Australia agrees with JimBob

2008-11-19T20:14:00.000-08:00

This article published by the ABC in Australia highlights a question that was asked of Glen Stevens The Governor of the Reserve Bank of Australia last evening regarding Australia's ability to handle the so called Global meltdown.

Glenn Stevens has pointed out that Australia has an economic strength and is well placed to weather the current Financial Storm. He went on to say, "Given that we have that scope and given the underlying strengths of the economy, about the biggest mistake we could make would be to talk ourselves into unnecessary economic weakness."

The comments about Housing are well founded but the overpricing is not Universal in this country and those areas where this is so are seeing the adjustment that is necessary. Equally the comments about the USA Housing Markets are equally not Universal but focused on about four states including, California,Florida,Michigan and Nevada. Our commentators need to be careful as all encompassing statements are indeed the fuel of fear.

I write today to again call on the Prime Minister, Treasurer and media to take heed and change the way we are reporting this situation. It is imperative and foolish if we continue to talk ourselves down.

One fears that our Prime Minister is finding this hard to do as he was handed a pretty sound ship by former Prime Minister John Howard.

Dear Mr Rudd - start talking Aussie up. We are not as bad as you want everyone to think.

2008-11-18T18:20:00.000-08:00

Hey I Got published in "The Advertiser"

It is most concerning to me that while I am certain that the global situation will have an effect, I still believe that in Australia it is unnecessary for us to continue in this "Me Too" attitude. The majority of the product we export is essential to life in the form and food and other life essential commodities. The countries we export to are so large and continue to experience population growth greater than our entire population. China continues to have to rebuild after the earthquake and to continue to build to cater for its own population growth.

Sure the Automotive industry is a problem but more so at home in the US than Australia, and that is caused by poor management by both Unions and the Companies themselves.This building to production capability just to keep people in jobs rather than to conservative growth estimates is unbelievable. And in the US once a car dealer it is almost impossible to get sacked by a manufacturer - give me a break.

Some Rocket Scientist down at the ABS (Australian Bureau of Statistics for my international readers)announced that in September (September mind you), that retail sales had only grown by 0.1%. Hell ay, is that not what our erstwhile Governor of the Reserve Bank wanted to happen when he jacked the interest rates. Worked didn't it. Oh then we worked out "bugger" between fuel price (screwed over by greedy futures dealers - not OPEC, who caught on before anyone else) and higher interest rates we have gone too far - then exacerbated by greedy poorly regulated Bankers in the USA and Europe - we think we need to get wound up in a financial stuff up that has limited spin off in Australia.

Please Mr Rudd cut with the "hang dog" looks on TV - build the wharves to handle the multitude of ships sitting off our East Coast - fill 'em up with Coal and Wheat before my friends in Asia freeze in the dark in the cold Northern Winter wondering where their next loaf of bread is coming from. While you are at it a bit more steel for the building programs run out would not go amiss either.

Hey and get control of these Futures traders, betting on SPI (share price index) forces young dealers to forget fundamentals of trade and to start trying to pick the winner of next years Melbourne Cup. Hey 26 black down the casino is much faster way to burn real dollars.

Tagged

2008-11-14T15:56:00.000-08:00

Well it has happened I have been tagged. My really good "friend" Kat has kindly dobbed me in.

My first task is to shout her blog and indeed her blog is always a great read. "As Kat Knits" so that is achieved.

I guess that is a good place to start as many of my timeline friends seem to be members of that powerful online group the "knitters" of USA. I have to say I really enjoy my Plurk Buddies As I complete this blog I also have to tag 6 more friends to their turn - that may prove difficult as lot of the blogs I read have already been tagged but we will have a little bit of an Aussie flavour.

So to those I tag understand the rules.
#1 Shout your taggers blog
#2 5 Interesting facts about yourself
#3 Tag six more blogs

Having achieved Task #1 the tough bit starts - five interesting facts about me. I actually find myself a bit of a boring workaholic but do love reading current affairs even if at times I get a bit frustrated with our politicians and others who will not accept that we all have a right to our opinion. Compromise is the hardest art of life.

1. Reading as much as I do, and researching the facts behind what I read, make me the repository for all kinds of trivia that mean absolutely nothing to most people. I do enjoy Trivia Nights, not as to whether I win or lose, but they send me scurrying to Google to find out more about the questions I could not answer, Also my work saw me needing to have a reasonable working knowledge across many different industries,as such feel like I sound like some kind of know it all at times. Must learn to shut up.

2. Was reading TopSurf blog and sport came up. Unlike Top Surf have to say I was/am a sporting klutz - my claim to fame was being the Stroke of a schoolboy lightweight four. At least sitting in a boat meant I would not trip over my own feet. Scary thing not sure what happened in the last 40 years from the mere 9 stone I weighed then to now is a bit scary. Any way I have lost a fair bit of the middle aged spread recently and working hard to lose more.

Funny thing went onto become a sport administrator and was President of our State Baseball league for a while having an affiliate relationship with the LA Dodger organisation.

3. Was once an "innocent" little choir boy and sang in the St Peter's Cathedral choir for many years. My last claim to fame in that era was singing as a Boy Soprano in "The Play of Daniel"in the Adelaide Festival of Arts. As a result of my youthful career in Music have very broad taste claim to enjoy music from Beethoven to Techno. Joined a band in the late sixties only because a bunch of mates wanted to play in competition - they did not have bass guitarist so went and learned bass. Did not win but got a bit of work for a year or so.

4. Have always been a sucker for a cause -love writing to politicians and trying to keep the bastards honest. Have been involved in fund raising and for many years managed the Cash Collection Centre for one of our Telethons. Still involved in many Causes and one of the Blogs I write is www.savethemurray.blogspot.com. I am a bit middle of the road and believe we should always try to be fair to both sides of an argument. Nothing will get me going more than intolerance of the right of each of us to have a point of view. There needs to be a greater desire to seek compromise of many different opinions.

I still remain involved through my letters and blogs as well as being a Director of our South Australian Multiple Sclerosis Society. Have retreated a little having been on the board of Multiple Sclerosis Australia as well.

5. Basically I just love my family, my friends and life and struggle with the apathy of the world. Maybe have tried to hard and not stopped to smell the roses along the way. Maybe at times a little too intense. As such have affected my own life badly in recent times both in health and life goals. The health issue has seen me lose some of what I love the most and some days get a bit melancholy on those mistakes. I am very fortunate to have so many great friends and look forward to hopefully meeting more of my online friends face to face over the next year. A big event coming my way soon when I become a Grandfather officially for the first time just after Christmas. Have been what a I call a surrogate Grandpa for quite a while to my God Daughters Children (very spoilt I am) but very exciting times ahead.

I relax today with my camera and share some of that from time to time.

Now the big task who to tag - well here goes:

1. Charlie says....
2. If I have Charlie have to have "Odi's Ramblings"
3. Then of course there is Ozegold
4. So if I have Alan have to have Don White
5. Then there is the MadGoatLady god love her
6. Last but not least there is SuperGran

So there you have it,that is JimBob51 who will have one litte plug for his current project fund raising for Men's Health Awareness through Movember call into my MoPage and feel free to donate it is for a good cause.My Registration Number is 1341061

The value of Hedge Funds in a Bear Market?

2008-11-10T16:16:00.000-08:00

One has to question how much of the current stock exchange market is being brought on by Hedge Fund trading.

Hedge Funds have a field day in Bear Markets and thrive on the downward and uncertain trend.

If the hedge funds stopped breeding programmed selling on the downward slide surely the basic principles that fear are thriving on would disappear.

Dear President (elect) Obama - have you ever heard of the Financial Services Reform Act

2008-11-10T13:59:00.000-08:00

It is really interesting that during the last part of the 20th Century the Howard Government decided to look at all Financial Services in this country and under the Stewardship of Liberal Hit Man Joe Hockey introduced the Financial Services Reform Act.

It was enacted in the early part of the 21st Century with much kicking and squealing from Financial Institutions. It was unforgiving in whom it embraced and provided Government Departments ASIC and APRA with some pretty far reaching powers to control and monitor the financial services industry in this country.

The rules were laid down and auditors dispersed to ensure that all financial institutions met the new rules. Well one has to believe that the lack of drama amongst our Banks etc could well be a result of our Managers having a clearly defined set of rules to meet. The converse of course is the American Banks who simply do not have the same disciplines to meet and it is therefore my offer to the new President have a little look at our our FSRA process it seems to have done Australia Proud.