Welcome to Finance and Fury, the Furious Friday edition

Last week: Being grateful for what we have, where Australia started and where we have come

Today:

  • Luck truly running out
  • How it can be manipulated

What is luck?

  • Success or failure apparently brought by chance rather than through one’s own actions’
  • The saying that ‘we make our own luck’
  • What are the outcomes of being lucky?
  • The difference between success and failure
  • If you were born in a Western Country, you were born lucky
  • We have a great upwards mobility of wealth
  • The real luck is being given the ability of choice
  • Have a look at the freedom indexes, they show higher levels of quality of life
  • Where does freedom come from?

There is a very strong correlation between free nations (economically and legally) and prosperity/quality of life

What exactly makes a nation free, and gives the population every opportunity to build their own success instead of luck?

I have been getting into the key figures in the Founding Fathers

  • Not often do you get to see the people stand up to a governing system and establish their own
  • Happened in Rome in 509 BC
  • 13 colonies voted to join forces against King George
  • In 1787 they formed the ‘constitutional Federal Republic’ not a democracy
  • Dictatorial powers, what are they?
  • Freedom from tyranny – sunlight is the best disinfectant
  • Should we ban people from speaking because some people find it offensive?
  • You can have pure garbage or allow expressing legitimate issues for people
  • The second amendment – a well-regulated Militia and the right of people to bear arms
  • Jurisprudence is the context along with the amendment or law

Australia the Federal Parliamentary Constitutional monarchy

  • Not a true democracy either
  • There are 2 types: the direct democracy and the representative democracy
  • We are a constitutional monarchy
  • The governor general answers to the Queen
  • Australia ranks high on the freedom index – but retaining this is up to us
  • The US started free however it has dropped massively
  • The supply of money has a big influence over our life and we don’t vote for the members of the RBA

From an ABC article 

  • Link to the article here
  • People were surprised where they sat for income or wealth compared to the average
  • Issues from the control of information from the government or media
  • When censorship is legislated from the government it leads to corruption
  • Australia has 180 bits of legislation passed every year, can you name one?
  • Stalin quote “Education is a weapon whose effects depend on who controls it and at whom it is aimed”
  • Misdirection leads people to vote away their liberties

Comes from both ends:

  • It is nice to think that politicians are to blame
  • It is also up to us, who we vote for and what we allow?
  • Notice that by the time you hear about a law, it is already too late
  • To what extent do new driving laws relate to impairment of driving and not straight forward punishment?

Another thing barely reported on

  • Have you heard about the government in Darwin and their social credit score system?
  • We did an episode a while back on the social credit score – link is here
  • How is this possible?
  • Branded as the “smart city”
  • What type of activity will sound an alarm?
  • How should we react to this new level of control?
  • How the Chinese Communist party rolls out infrastructure and software abroad
  • Any Australian governing body implementing totalitarian social control is a major concern

Moral of the story, regardless of how it is positioned, don’t give up freedoms or the luck of being born into a society with a lot of potential

But what if the news doesn’t want to inform us?

Monetary side messing with the economy and the lack of information around this from the media. The need to sensationalise everything for revenue instead of informing people of current affairs

Next episode: How a few individuals around the world control all of the economies at the top level due to the supply of money

Thanks for listening, if you want to get in contact you can do so here.

8 Tax Loopholes, Trump’s tax losses, and thoughts on progressive taxation

Episode 3 8 Tax Loopholes, Trump's tax losses, and thoughts on progressive taxation Welcome to Finance & Fury! Today we're talking about increasing your net income …and the way to do that is reducing tax. So, in today's episode we'll run through why we pay tax,...

Why I finally bought another property and is this a good financial decision?

Welcome to Finance and Fury. This episode is about a bit of personal story “Why I finally bought another property and if is this a good financial decision?” So – if the episode title didn’t give this away - I have recently bought a property – well - technically not...

Say What Wednesdays: Want to know how to make the most of your money? Find and forge your own path

Say What Wednesdays Want to know how to make the most of your money? Find and forge your own path Today’s episode is just a quick one. I’ll be going over a couple of questions I have had over the past few weeks about the personal finance course we’re launching. Plus,...

Say What Wednesday: First Home Super Saver Scheme

Say What Wednesdays First Home Super Saver Scheme: Using superannuation to buy your first home Today’s Say What Wednesday question comes from Emma, and relates to saving for a house deposit: “Hi, thanks so much for the podcasts - I have learnt so much. My question is...

Global Infrastructure plans in the name of climate change – Why then are the recommendations focused on changing Government accounting practices and risk-measures, along with opening the floodgates for redistribution spending?

Welcome to Finance and Fury, The Furious Friday Edition   Today – SDG9 - How infrastructure spending helps an economy - Anyone who knows basic economic and GDP has learnt that Infrastructure spending leads to GDP growth – so the theory says – Very hard to measure...

How does corporate debt fuel market bubbles?

Welcome to Finance and Fury, The Furious Friday Edition Today – want to look at how much Corporate debt has been fuelling the top end of the share markets growth – signs that if liquidity is withdrawn, companies and markets collapse   Last FF ep – went through...

(Intro Series) What does your retirement look like, and why?

Intro - Episode 5 What does your retirement look like, and why? What do you normally think about before you go anywhere? Anyone who has ever left the house before has probably had to think about something before taking a step out the front door. Anyone who hasn’t,...

Can investing using environmental, social and governance scores help to outperform the market?

Welcome to Finance and Fury - Is ESG investing the way of the future and good for your portfolio? Within the last few years, large publicly listed companies and investment managers investment are really paying attention to what is known as an ESG score – which stands...

Say What Wednesdays: The slippery sponsorship slope and why I’ll never sell out

Happy New Year! Welcome to Finance & Fury’s Say What Wednesday. It’s been pretty quiet on the question front, I’m guessing with everyone away over the holidays… so today will be a quick episode covering the number 1 question I got all of 2018 but never answered –...

Say What Wednesdays: Petrol Prices are going up – why this is and what to do about it!

Say What Wednesdays Petrol Prices are going up – why this is and what to do about it! Australian motorists are suffering the biggest annual increase in petrol prices in 9.5 years as global factors combine to slug drivers at the bowser. ACCC - 2017-2018 financial year...

Pin It on Pinterest

Share This