Interesting stuff
Blowin, here's the RBA's take on the Depression of the 1890s:
https://www.rba.gov.au/publications/rdp/2001/2001-07/1890s-depression.html
"The depression, which saw real GDP fall 17 per cent over 1892 and 1893, and the accompanying financial crisis, which reached a peak in 1893, were the most severe in Australia's history. The overextension of the 1880s property boom and its unravelling led to an abrupt collapse of private investment in the pastoral industry and urban development and a sharp pullback in public infrastructure investment. A fall-off in capital inflow from Britain, adverse movements in the terms of trade and drought in 1895 accentuated and prolonged the depression."
Q2 global numbers aren't yet in, but I've been reading anticipated 20% GDP drops in 3 months, not over 2 years!
And the AFR:
https://www.afr.com/wealth/the-great-australian-property-crash-of-1891-w...
Prelim reading of the RBA paper - it seems banks will be saved via housing being saved via incomes being saved this time.
That they've chosen to use the word "plummet", when they could have used an infinite number of other words and phrases, says it all.
2-3ft down here this arv, Blowin. Wind dead west. Not big enough for the point but fun waves everywhere else.
I think I hit the bottom. Did a closeout floater into a foot of water, and while I didnt feel it hit, and you'd be more inclined to think that sort of impact would push the plugs through the board rather than tear them out, I came up and that was the result.
FCS Fusion peanuts are my favourite - light, shallow and strong. (Multiple cant angles available). We whacked original FCS into paulownia and that should stay in!
Blowin I don't have AFR sub - thought you did. Swellnet is my only media subscription!
I don't reckon the ponzi will take off like it did, I reckon that was the peak. My 2c (pure copper) forecast is for globalism to retreat, nations to remember borders only as they are forced to. Globalism won't go without a fight, but every time it flows there will be outbreaks of this shit, constantly stalling it. Economic impact will be terrible, that's already baked in the cake (look to Venezuela, right now to see trend) - but as always, Oz won't be as extreme as other places. Local production resumes in increasing volumes and complexity, but perhaps not to the extremes of the last decade in what's offered. The oil shock is worse than the virus and has very severe implications.
If you feel like 75 pages of powerpoint or so and a sore brain on a Sunday night:
http://www.feasta.org/wp-content/uploads/2017/01/Systemic-Change-Rev-7.pdf
The paper it's based on predicted $11 per barrel oil by 2020, in 2015, staggered that they could be so accurate as we have seen futures fall to this level (and a lot crazier) in the also predicted chaotic pricing events. That paper here (perhaps spend a morning on it with coffee after a surf):
http://tratarde.org/wp-content/uploads/2016/10/Depletion-A-determination...
Stu ,so whats the feed back on those fins,must be ok if you were still using them?Due to their length did they feel weird being so long?
The fins went incredible in the edge fish, Simba. Stopped the tendency that all fish have to turn flat; had no problem putting it up on rail, and in steep parts of the wave too.
Last night I was testing them in my edge shortboard and the result wasn't so good, but it was the first attempt so I don't put much credence in it. Never do when testing, always takes a few surfs. Also, I'd been riding fish for a few weeks so jumping back onto a shorty always throws me a bit.
Stu can you do a report on how those fins feel in your short board when you get it sorted cause im sorta interested to see if they are worth investing in....love the look of them.
Yep. Might be a few weeks till I get replacements, but I'll post something.
"The fins went incredible in the edge fish, Simba. Stopped the tendency that all fish have to turn flat; had no problem putting it up on rail, and in steep parts of the wave too."
Stu, to save me scrolling back too far what fins are you referring to? Are they a Gephart style keel? Just saw the photo you posted of the Webber fins and the rear ones looked similar to a Gephart .....
Hey 82shoes,
Here's a shot of the front and rear fins together to give you an indication of size difference. I've also sat an Alkali twin underneath for comparison. Both the Webber and Alkali are 145mm deep but the tip of the Webber is much thinner and more flexible.
Note also the single tab in the rear keel.
Stu heres another brand but futures only.....seems the same twin fin different trailers ...
https://www.sanctumsurf.com.au/large-flex-quad
Thanks Stu, the Webber is way narrower as you said and i guess the short fatter rear fin would compensate for any less drive? That's an interesting looking fin that rear one...
@blowin did you read Stan Grants article on ABC news this morning? He appears to be on the same page as you regarding the threat China poses to the established world order.... https://www.abc.net.au/news/2020-04-27/coronavirus-critical-juncture-chi...
stan knows stuff...
https://nypost.com/2015/02/08/chinas-secret-plan-to-topple-the-us-as-the...
William Bourke, president of the Sustainable Australia Party wrote a good article on international students and immigration yesterday too.
This Coronavirus epidemic has given us all a lot to think about regarding the direction Australia has been heading in......
https://independentaustralia.net/life/life-display/covid-19-raises-doubt...
"China’s secret plan to topple the US as the world’s superpower"
....old mate has apparently been asleep for several decades. Secret? From who exactly? Anyone with a functioning brain and the vaguest interest in international affairs knew this a long long time ago.
"Over two decades it lifted more than half a billion people out of poverty."
Good point Stan, it's a fact all too coveniently forgotten in criticism of China.
" It introduced a new phrase into geopolitics: "Socialism with Chinese characteristics". Others called it authoritarian capitalism."
Call it what you like China has always had authoritarian governments and who are we to tell them how to govern their nation? See point below.
" The Party made a compact with the people: we will make you rich but we will not make you free. And the people — a limited dissident movement notwithstanding — bought in."
Another good point Stan, China is not a democracy but the evidence is that a large majority support Xi's government....and why not? If you were born in a hut with a dirt floor and too little to eat what's not to like about a nice place to live, a steady income and the kind of lifestyle most of us take for granted.
"………we in the West still believed China would inevitably become like us."
I find it hard to believe that Stan would actually believe that. I mean even to an external observer it has been obvious that China never aspired to be anything like "us". The only ways that China has ever wanted to resemble the west were in wealth and power, which they have achieved.
"The pessimists fear inevitable war with China. Beijing is preparing for just such a conflict.
" The optimists may still believe the world can make room for authoritarian China, that we can live together. They believe the peace can hold — that must be the hope. The alternative is horrendous."
The optimists do believe that, count me amongst them. But hostility can arise quickly when one party presents itself as morally superior and gives itself the right to judge the other. But don't worry war is not in China's interests. Why bother? Their rival has been self-destructing before their eyes for decades. It has wasted vast amounts of money and equal amounts of credibility destroying any hope of stability in the Middle East. They have staggered from financial crisis to financial crisis. They have elected a buffoon who, after numerous attempts, has finally managed to plunge them into a major crisis. Chinese culture takes the long view. Why knock down a building that is collapsing under its own weight.
"China has always had authoritarian governments and who are we to tell them how to govern their nation?"
Your indifference is concerning.
There are estimates that upwards of a million Uighurs are being held in so-called counter-extremism centres and another 2 million have been forced into so-called re-education camps for political and cultural indoctrination.
But who are we to tell the CCP that they're wrong?
Let’s not forget the making of Tibetan children shoot their parents dead, nor forget Japan or even England regarding recent history (sub 250 years)
One thing I’ve learnt during my world travel binge this last decade is that everyone is different and there is no normal.
This goes also with laws, morals, goals, missions, you name it. Everyone is different but not always in a pleasant “oh that’s cute” way
My boots on the ground say beware
It's not indifference Andy. Diplomacy, like politics , is the art of the possible. So what can Australia do? China has a tradition of authoritarian rule that it will not change. Australia has very limited influence that needs to be used to maximum effect. There is international diplomatic pressure on China over a number of issues, the Uighurs, organ transplants...write your own list.
Then put that in the context of Stan Grant's analysis;
"The pessimists fear inevitable war with China. Beijing is preparing for just such a conflict.
" The optimists may still believe the world can make room for authoritarian China, that we can live together. They believe the peace can hold — that must be the hope. The alternative is horrendous."
I am not a total fan of utilitarianism but analysing things in that way can give an insight. So what actions lead to the best outcomes for the most people or the least harm to the fewest people? My belief is that the priority is to avoid a war with China since that would create the greatest harm to the largest num ber of people. The risk might be very small but the consequences are beyond imagination. Actions therefore which increase tensions with China are undesirable unless there is some very significant benefit to a large number of people. In terms of the Uighurs I cannot see any course of action by Australia, other than our usual diplomatic efforts, which meet those criteria, but I can be persuaded if you can. What concerns me most, in terms of the risk of war, are simple minded, ill considered views creating hostility for absolutely zero benefit. This is the real world, things are far from perfect, the role of our politicians and diplomats is to make the best of difficult circumstances and to do that they need to take utilitarian analysis seriously and not play to prejudice to build their own popularity.
Can we keep some distance between the arguments and the people prosecuting them?
There's been too much talk about the person typing the comments, rather than the comments alone.
It's wholly unecessary and is a surefire way to debase any debate.
Nah...swap Thatcher for China, and that just sounds like something Rick from the Young Ones would say.
Better than sounding like Rick from The Office Stu.
You need to understand that everyone has something they feel strongly about, hence everyone has an excuse in their back pocket to make a debate personal. And they all feel entitled because theirs is the most important reason.
Aside from it being a short cut to forum anarchy, it's a counter-productive means of persuasion. People don't see the error of their ways when they have fingers pointed in their chest; they bunker down more firmly into their foxhole.
Yes well that too.
Don't do it. Argue the point not the person, and same goes for every other commenter on here.
Yass, very noble Stu. But what's the point of this absurdity?
"The west was kind enough to lend a hand to China as it was mired in its backwards , muddling culture of oppression and low self esteem."
It's not even a breathtaking ignorance of history.
No google even involved.
It's just a quick snapshot of what's rattling around inside a serial offender's skull.
Blowipedia.
What's the point in 'debating' this thinly veneered bigotry?
More's the point, what's the friggin' point in defending it to the death?
Voltaire??
I like this one myself:
“Those who can make you believe absurdities, can make you commit atrocities.”
Have it cunts