Part 2 Australian banks are broke

Hi readers 

Now that you have taken note of what the banks have done with your consent, you need to prepare yourself over time for 2024.

Please don't be stupid and start hoarding cash from now but you do need to be aware of what will take place.

Some of you won't believe this and I am not here to convince you but this agreement which the IMF and the Australian government have done was the doing of Malcom Turnbull.

When Tony Abbott was put in the hot set he refused to play ball and the powers at be through him out.

It's way over the top for most of you to accept but they are the facts.

It's like the majority think the ATO is the Australian government or an Australian entity.

It's not its an American entity registered in America.

Australian does what it's told and anyone who stand up against its powers is thrown out.

That's why readers be smart and think outside the box.

Banks are also in the same boat, the IMF runs banking, and they decide what and who goes.

The only thing which has caught the banking system off guard is crypto coins, and it's for this reason there are so many restrictions between countries.

Some countries have embraced it while others won't allow it. 

It's been said that the amount of wealth that has left the traditional bank deposits into the crypto currencies is in excess of $800 billion dollar..

In Australia alone over 1 billion in deposits have moved out of banks and into the crypto markets.

So what can the banks offer to keep the bonuses and the gravy train going with some sort of insurance?

Oh yes that wonderful word called property. 

But the one thing that through a spanner in the works was the royal commission.

Mind you it was Turnbull who refused to allow it to occur.

Anyway it's the past but it's good to know the facts.

The ATO with the banks in the future will be able/ trying to monitor everyone's spending and income, with the cashless ideas.

The public is being told that it's easier and more efficient with the tap and go crap to educate you all, to become numbers and easy tracking.

I have asked this question to a number of teachers and principals secondary school  (6)  why aren't the kids educated on money?

It's not in the school curriculum by the education department.

Both private and government schools. ( I was told)

As soon as they are 18 the first thing they do is get a credit card and max it out without understanding what they just did.

Makes you wonder doesn't it .

Corona bullshit

Hi readers

Ok so the markets are falling and while many are panicking about loosing value of there portfolios the smart money is buying.
In life you need to understand that the media is there to spook the masses.
It's the only way they can have eyeballs watching and therefore have advertisers paying up.
So don't be freaked out by what you read or hear, 95% of it is bullshit.
The common flu kill 75,000 on average per year and this pandemic has only killed 3000.
Yep pandemic people, a total load of shit designed to freak you out and force you to become even more scared of your own life.
Let's get a few things straight regarding it. Yes some will disagree but I have this from a professor at Sydney University.
The corona virus needs humility to survive and spread.
The virus is a strain of Bird flu / SARS and is designed to kill those over 50.
69% of China's population is over 50 years old.
Average age in china in 2000 was 30, the current average age is 38.5
Average age in Australia in 2000 was 35.4, the current average age is 37.9

While China has tried to export the elderly for years they are still left with the burden and unlike Australia the lucky country which is wealthy enough to pay pensions, there is no pension in china, or nursing homes.
Family look after there own.
When families can't any longer there pushed to the streets.
Be smart and think outside the box people.

Due to the discounts in the market I did some buying.
Bought PAR.AX, ABR.AX, UWL.AX and finally waited a year but it came to me OCC.AX.
Do your own research in these companies, there more a trade than a hold as they have come off there prices levels more than average.
ABR.AX is a longer term play.

Those who are avid readers will know that I have discussed these stocks before.
Discounts of 30%-50% are buys for me.

As always use the above as an indicator to your own research.
Ask your financial advisor on more on the above.
I'm not a financial advisor.
Past performance is not a guarantee to future performance.

Part 1 Australian banks are broke

Hi readers

As most of you are aware the Australian Economy has been robust from strength to strength on debt.
In fact it was reported by Bloomberg that household debt in Australia is 3.4 times more than US household Debt during the GFC in 2008.
Further more Australian households are the most in debt in the world by a country mile.
But hey who cares if there giving money and not asking for it back ..Hmmm
The government is fully aware of this and as a result is colluding with the banks to nail the masses.
In case some of you are not aware the IMF has instructed this action to be taken.
Australia just does what it's told regardless if it likes it or not.
As a country Australia is very wealthy, the masses have created so much wealth that the elite have become irrelevant.
Some of you will bring up the crap about conspiracy theories.
So let's look at the facts before you make judgement.
The government has brought in the law regarding cash, so your not allowed to buy anything of more than $10,000 in cash.
They said its money laundering, total rubbish but let's go along with it.
Then we see banks changed there term and conditions and have you read them ?
I know for a fact that no one reads them unless your looking for something in them.
Everyone who has a bank account  gets an updated version of the terms and conditions when they send you out your debit cards to your accounts.
Regardless of savings accounts or cheque accounts there all interlinked.
So what does this tell you about your so called savings or debt obligations to the banks.
Facts are the Australian banking system is broke, you just don't know it yet.
But you will in 1450 days.
Why would banks put these new terms and conditions on every single account in Australia now when  everything is going so well.. judge it yourself
Last time I checked cash money has a legal tender in Australia stamped on it so why the law to stop cash.
It's so you don't go to the bank and ask to cash out your money.
Yes readers the European run on banks 12 years ago is on it way to Australia.
It's already in Lebanon but hey no one cares right, but the fact is it's started again.
To our New Zealand brothers your next on the cards to and because the banks are Australian they can enforce there jurisdiction on accounts in New Zealand.
In case you all thought that your savings up to $25,000 was protected by the government think again.
Banks can withhold those funds and you have given them the right to by accepting the terms below when you opened an account with them.

  

December AGM vote is the reason for the disaster stock price

Hi readers
Happy new year to you all..
It's been a rough start to the year for myself with the passing of my father who was my ultimate role model in life. Not much more needs to be said.

To the Bub shareholders who refused/ left me high and dry this is the effects of the vote at the AGM.
Managing Directors or CEOs aren't the most smartest tools in the shed, if the where they would be entrepreneurs, last time I checked they work for a pay cheque like everyone else.
Bubs issue is the board isn't the smartest going around either by letting Management do what they like, hence why you see a refusal for institutional investors to step up and buy the stock.
As shareholders you need to smarten up and read the tea leaves not the glossy pictures and charts.
Sales are up great, but why did bubs burn $24 million last quarter.
Shareholders need to know when the companies sales are up when will it be profitable.
Asked a number of times this question with a D grade response.
So yes the vote taken in December will mean a prolonged time of low prices for bubs .
China's corona viruse is a media proper gander to give the financial world excuse not to panic the masses with lower business confidence and profits.

Abr on the other hand is doing well, while stock prices is trading up nicely as anticipated, I don't think management wants the stock above 50 cents just yet.
Around June I think will be the time I think management will be comfortable to see the stock at high levels.
The announcement of the conditions are in the December notes, check them out and you'll understand what I'm talking about.

I've just finished doing a 5 year forecast for an individual on the Australian economy, and it's doesn't look bright.
When I have the approved to post will do so.

Abr tick tick

Hi readers
With ABR it's going from strength to strength gaining recognition to what the management and board have seen and believed.
They just cap raised at a 4% discount to the market prices at the 10 day WAP, unlike Bubs who gave a 15% discount, again a management decision.
Regardless of what the share price is by mid year the company will commence construction to start extracting.
Please understand that we are on the ground floor with this baby and she's is going to be one to remember.
Anything under 50 cents is a steal and the board and management know it that's why they set there levels above 50 cents for founders to convert there shares.
Management is looking after its shareholders interest unlike bubs management who have become egotistic.
I like where ABR is going and the board knows this is there tattslotto ticket.


In regards to my other 3 dog stocks I'm holding what can I say I'm mega pissed off but there is hope.

FRM, KFE,and CLI.

In the event CLI trades in double digits I will liquidate my holdings.

FRM won't be making money until grain prices come down.
Depends also on the damages that the fires in NSW cause.

With KFE until the feasibility study is finished the company isn't going anywhere.


As always use the above as an indicator to your own research.
Ask your financial advisor on more on the above issues.
The above is not financial advice and should be taken as research.

bubs aftermath

Hi readers
I thought I'd wait for the dust to settle before I posted comments regarding bubs AGM.
First of all I want to make the point that I'm disappointed that I got back door on the vote by people who I believed had good intentions for the company.
It's taught me not to trust anyone's word when it comes money.
As they say self interest is the only interest that matter.
Had I known of the backdoor move I would have happily margin lend to Aquire more stock to block the vote.
My error and I have accepted and moved on but won't be forgetting it ..
You know who you are !!!

The implications of the AGM vote is shareholders we are going to pay up with cap raises to expand the business and grow it only to sell it to the Chinese government.

The stock is being suppressed for everyone to liquidate there holdings, and the Chinese to buy on the cheap.
Questions which still amaze me is
Why did it take 9 months to move the headquarters from Sydney to Melbourne.

If the margins are as management is saying then why do we need to capital raise when the product being sold is making a profit.

Company still have plenty of money in the bank?

So I don't pity shareholders for the share price suppression, hell it could drop to 80 or even 70 cents after the raise is finished.
As has been the case previously..
Am I taking up my allocation no bloody way, I'll wait for in the new year and then decide if I am buying it at 80 or 70.
So who's paying for the CEO to be flying Sydney to Melbourne, have a guess people shareholders.
Either move to Melbourne I say or move on your time is up with the amount of capital which has been wasted by this CEO and board, giving the approvals.
But shareholders voted for them to stay on so shut up and take it as the saying goes.
Investors need to understand that you own this company not Kristy or her mates.
By the way I doubt she will be selling her house that she recently built either.

The performance bonuses are way to low and as far as I'm concerned I can't believe how poorly managed this company has become with such positive astrology, could you imagine if the astrology was neutral, this company would be broke by now , very disappointing.

no wonder bub stock is falling

Hello readers
By now you would have all received your Bub AGM paperwork and voting cards.
As your all aware your being ask to vote in favour or the resolutions .
The question is why should you ?
What's going right at the present time to make you want to vote in favour of these total bullshit resolutions.
Before I go off about some of the decisions of management I just want to make it crystal clear that as shareholders since August 2019 we have lost over $150 million in value.
Ask why is that if everything is going well and we are opening market and creating more sales why the hell are we leaking money.
As shareholders we can dictate how this company is run and looking at the resolutions, we will loose control if we allow them to pass and you don't even know it.
Understand that all executive have a  plan of action to enhance share price in stock when trouble is at hand or before an AGM, it's for a smooth AGM and no drama.
But with all the news coming out everyone I know who is managing money is selling out because of these resolutions.
Resolutions 8 .. why do we need to change the constitution no one has an issue with it unless your wanting to takeover the company.
While you might not be aware but the company is being massaged to be takeover at the appropriate time this is why the constitution needs to be changed.
A decent shareholder with size has the ability to block any takeover until the right price becomes available, changing it and the shareholder becomes like everyone else.
The other crap about small parcels are seriously a distraction from the real agenda.
I will not be voting in favour of this resolution.

Resolution 9 .. last time I check Dennis Lin is executive chairman.
Executive chairman remuneration is $495,000 per year, since when was it ok to pay  $5 million in remuneration.
I don't believe he should be gifted option at 10 cents, they should be valued at 70 cents.

If Dennis Lin is entitled to $5 million in remuneration then we as shareholders are paying Kristy Carr money for jam as she isn't doing a dam thing.
Something isn't right and as a result I won't be voting in favour of this resolution.

I have major issues with the current financial position of the company. To be leaking $16 million in cash reserves and yet demand remuneration with low watermarks is a joke to shareholders who know there stuff.
We are all in business and know what it takes to make money so why gift money for stupid decisions.

Is for this reason I am voting against Mr Matthew Reynolds.
A number of errors have occurred in the last 24 months and as a director with his expertise should have questioned the decision.

I still don't understand how $5.7 million in administration cost.

The purchase of Nulac business should becoming into full swing in the next 6-12 months and the low watermarks for bonuses are like a gift. I strongly suggest that shareholders vote against it so management can realise that we do know how to run a business and not take shareholders as fools.


As always use the above as an indicator to your own views.
These are my personal opinions and that's it.