Non Footy Chat Thread II

[Gronk]

Imagine being so f**king rich. So the owners of Winx regret ever letting her go, cos they miss her. So they were hell bent on getting the foal, no matter the cost. They were bidding against a billionaire and had to pay $10m double the previous record for any before. They all cry and say on the news last night that they hope that she gets to race, but if she doesn’t that’s OK it will good to just have her home.

History made as Winx foal becomes the most expensive filly in the world

Ingham’s family scion and Winx part-owner, Debbie Kepitis, outbid American thoroughbred tycoon, John Stewart, offering a staggering $10 million.

www.afr.com

 

[Twizzle]

 

[Gronk]

Littleproud is full of criticism, mostly why didn't the government do this earlier.

Because this problem is only a recent one ? Hmmm

Would have been nice if Laura from Sky News said "But what did you f**king do, David ?"

 

[Twizzle]

I doubt anythng will come form this, they are just too big and powerful

 

[Eelogical]

I doubt anythng will come form this, they are just too big and powerful

Like our forward pack?

 

[Eelogical]

Boomer wealth > transfer of wealth. There are predictions on what will happen to the $$$ that us boomers will pass on to Gen X and beyond. Will they spend it wisely or continue to go on trips to Bali?

 

[Avenger]

Boomer wealth > transfer of wealth. There are predictions on what will happen to the $$$ that us boomers will pass on to Gen X and beyond. Will they spend it wisely or continue to go on trips to Bali?

I’ve never been to BAli and never will

 

[Gary Gutful]

I’ve never been to BAli and never will

7 mins away from the stadium.

 

[Eelogical]

I’ve never been to BAli and never will

Me neither, I’d rather spend a week in Penrith. But I digress. I’m interested to see what happens to the inherited boomer wealth over the next 10 years considering we’re going to drop like flies soon enough.

 

[Chipmunk]

There is an American Geopolitics specialists, Peter Zeihan, who says the world is now f**ked for a few reasons, but one of those is that the Boomers have been working away and been able to have all their capital in the market, but now they want to retire and take all their money out of the market, which is going to cause a shortage in the employment numbers and the supply of capital...He expects inflation to remain high as it is now for a decade.

There are a few other reason he says we're f**ked, but that is just one. This is not necessarily Australia specific view though.

 

[Poupou Escobar]

Surely the boomers will be spending their money

 

[Chipmunk]

Surely the boomers will be spending their money

Yes, but they have previously had their money invested in the markets, through shares, property, superannuation or equivalents, etc. and now they're going to pull it out and spend it. So apparently the rest of the world doesn't have access to that capital being in the markets any more,

 

[Poupou Escobar]

Yes, but they have previously had them in the markets, through shares, property, superannuation or equivalents, etc. and now they're going to pull it out and spend it. So apparently the rest of the world doesn't have access to that capital being in the markets any more,

Because it’ll be sitting in very low risk assets instead? I guess it makes sense.

 

[Twizzle]

 

[Twizzle]

 

[hindy111]

Boomer wealth > transfer of wealth. There are predictions on what will happen to the $$$ that us boomers will pass on to Gen X and beyond. Will they spend it wisely or continue to go on trips to Bali?

What do you think made you wealthy?
GEN X working for boomers and paying overs for stuff you own and sell the them.
It's actually very funny

 

[hindy111]

Surely the boomers will be spending their money

It's sad that people without money or wealthbinside their family (Parents/Grandparents) now are just about analed. Unless they end up in the top 5% of earners they will basically work their existence to maybe own a house in the suburbs.


I have nothing against boomers. They did not ask for this to happen. They just went about their lives and followed the script and it kind of worked out for the majority of them.
But I feel sorry for people who where led to beleive if they study They'll get a good paying job and everything will work out. Many got analed.
If you stay single or marry someone on a low income you are probably not going to ever own a home. The great Australian dream is not a reality for many. So we can sit and say oh young kids don't want to work anymore but they kind of have less incentive

 

[Penrith fan]

Geez the current generation are a bunch of sooks and lazy losers.

My Grandfather came over to Australia after WW2 without a cent to his name, worked 4 jobs a week, got married, had kids, bought a house and provided.

My father fought in Vietnam. Came home and had to deal with it himself, again worked numerous jobs a week, met a woman, got married, bought a house and raised a family.

The current generation want it all handed to them on a plate.

Harden Up and go out and work your way to prosperity like your forefathers had to.

The current weak soft generation are all an embarrassment.

 

[Gary Gutful]

Geez the current generation are a bunch of sooks and lazy losers.

My Grandfather came over to Australia after WW2 without a cent to his name, worked 4 jobs a week, got married, had kids, bought a house and provided.

My father fought in Vietnam. Came home and had to deal with it himself, again worked numerous jobs a week, met a woman, got married, bought a house and raised a family.

The current generation want it all handed to them on a plate.

Harden Up and go out and work your way to prosperity like your forefathers had to.

The current weak soft generation are all an embarrassment.

There are lazy shitbags and hard workers across all generations.

 

[hindy111]

There are lazy shitbags and hard workers across all generations.

If you haven't wealth in family nowdays there is not a whole lot of chance you can achieve what people could in the 60s. I can't imagine someone raising a family on a single income working in a factory could afford an acreage in Western Sydney and a holiday home on the Sth coast. It wouldn't matter how hard you worked it ain't happening.
So that's the situation we have currently.