First for working hospo Should I just KMS now and get it done quick?
Jaxon Nguyen
JUST GET A LOAN GOY EVEN THOUGH YOU HAVE NO WAY TO PAY IT BACK CAUSE THERE WILL BE NO JOBS
Robert Russell
Fuck you
Joshua Rodriguez
I MIGHT BECOME COMMIE AFTER THIS PRIME MINISTERIAL SPEECH
Dylan Long
Bank run now?
Samuel Green
eh i work retail in a shop where everything's from china. haven't tied a noose for myself just yet.
Sebastian Walker
Should I cancel my wedding lads? Under 100 people and mostly local but some of them are scared of the wu flu.
Nathaniel Baker
What's happened during the livestream so far? I've been away.
Easton Smith
why don't you poor cunts have savings?
Carson Cook
YES COLLAPSE THE CUNTS THEY WANT TO ENSLAVE YOU WITH CHEAP LOANS WITH NO WAY TO PAY THEM BACK THE GOVERNMENT IS TRYING TO PROP THEM UP BUT THE PEOPLE MUST TEAR THEM DOWN
Jonathan Wright
i have $33k but i'm contemplating whether or not i should withdraw in case the bank seizes everything to keep existing
Easton Barnes
HAPPY CHIN COUGH YEAR
Jack Walker
>CBA leaves variable rates unchanged, cuts business rates Nationalise banks.
Xavier Peterson
Who else here /JUSTed/?
Unpaid over time strikes again, won't be home in time to collect my silver from the post office. I need a fucking pay rise and a company car, i don't even have any beers at home I can aggressively drink, I will be going down to the duck pond is strangling a few instead
On the bus I saw an old chink man fall over. One guy got up to help him up, he got off the bus and sat down at the bus shelter, clearly hurt or something. Some people looked over at him and one (middle aged White woman) said "I hope he's okay" or something and then the bus driver (another chink) just sped off kek, it was like a scene out of a China webm
you’re correct friend. Pic related, in 2014 banks were authorised to use private funds to bail in and save themselves. If they do that but still die completely, how will you get your funds back? Once the bank has closed down and is bankrupt and they just say >shrug, sorry we have no money, we tried.
You are likely to get laid off in the coming months. Australia - and the world - is facing a prolonged economic downturn. I'm not talking like "The Great Recession", I'm talking this could end up being as bad, if not worse than the Great Depression.
The ASX is currently on 4,782.90 points, it CAN go to 0. It's not likely, but it is possible.
Many people who don't have family to rely on are going to end up in the streets begging. It will take an economic miracle from ScoMo to get through this unscathed.
Poor people are so fucking stupid they can't comprehend living beyond the current week or month. They rely on the supermarkets being stocked instead of having at least a 3 month supply of essentials like you should have. Then they get pissed at people hoarding and price gouging others with toilet paper. Instead of laying the blame on the real perpetrators e.g. Jews
Ethan Nguyen
Shit's getting very concerning, is this it? Is this the happening? Corona-hype has killed the system
>Dsp neets are about to inherit the earth DESP neets about to be homeless
Jacob Mitchell
chink
Easton Cooper
this signals a very bleak future ahead.
Jace Phillips
Yes it's definitely happening. The system had already been setting itself up for failure for the past few decades, Corona-chan was just the pin that popped the bubble.
Matthew Gutierrez
>Centrelink NEETs thinking their payments will continue if the economy dies How can someone be so stupid?
Dylan Nelson
>Take out big loan. >buy gold. >aussie dollar tanks to 10 US cents. >Sell a lil' bit of gold. easily pay back loan.
I saw this shit coming and moved back in with my mum last month.
Grayson Jenkins
i imagine they would continue, that's not to say the price of household goods won't skyrocket and cenno will stay stagnant though
Juan Miller
Labor/Greens voters, led to believe that the most important people in the world are non-contributors and that they'll always be looked after. Voting out of immediate self-interest ends like this.
Matthew Young
>How can someone be so stupid? >Centrelink NEETs
Christian Hernandez
>on dsp >own a home seethe
Anthony Cruz
>stop paying benefits abos will starve first
Dylan James
Now that the dust has settled, who was really in the wrong here?
They absolutely will not continue - they will be cut.
The thing that people are not worried about, that they absolutely should be is that in times of economic distress communist sympathies rise. Australia, unfortunately has a very strong, and organized communist base in both the unions and the "Greens" movement. It will be perilous times ahead for Australia. DSP will be cut once Australia enters crisis mode
Isaiah Morris
That's when I start making the bankers heros. In minecraft
>getting married You should cancel it but not because of Kung Flu.
Christian Williams
why do australians
Caleb Rogers
guys i feel sick. think i’m gonna throw up. Not sure if just stressed or pizza i ate was dodgy. >if you go broke just take out a loan bro, the banks will look after you. Just go into more debt bro
>DSP will be cut once Australia enters crisis mode Doubt it. I could see it being reduced. But there's 800,000 people on it. The social fallout would be big. You don't want 800,000 desperate retards roaming the streets
Juan Lee
>i live with mummy and step daddy so it's not like i pay rent Nothing to be ashamed of. Many people will have to move in with their parents or friends in the coming months.
William Phillips
It isn't about being right or wrong. It's about sending a message. The message was received.
It's more complicated than "they will be cut". The government will find sideways cuts around eligibility to make it more politically expedient and marketable.
For example, 8 years ago the NSW workers comp system was threatening to cost the state its AAA credit rating (this is happening again now because it was "nationalised" into a monopoly by the state). Instead of reducing payment amounts, they put a cap on how many years you can receive them, and how injured you have to be to get them.
In terms of unemployment benefits, they'll probably be harsher with those who own assets or have been on the system for a long time.
Adam Thompson
>They rely on the supermarkets being stocked This is worse than having no savings desu. Serfs that can't even farm or produce their own goods. Just keeping the local butcher or fruit/veg market would've been a step above supermarket dependancy but nah they're all fucked now.
Joseph Hughes
Realistically, should a recession happen and 10k's/100k's1mill+ get laid off, will banks actually try and remove people from their homes if it gets that bad? Seems like mass riots would happen if that did happen
When I say "Crisis mode" I mean nearing debt restructuring. This means that the government would be on the verge of defaulting on it's loans - and this is a much more likely scenario than people realize. Australia right now is facing the biggest liquidity crisis it has ever faced.
Joshua Garcia
>~1000 bucks wow impressive
Brandon Adams
Nah mate, they can send all the Kebabs they want. The second I see a sandnigger though I'm thonging the cunt
Jonathan Jenkins
You know what else will be cut? Your job.
Henry Hill
because they won't get much of their money back and because the social fallout would be too great
Dylan Davis
>Cash is king. Cash might be, but cleanliness certainly isnt.
it's when they can't afford to pay the police and army that shit will go downhill at light speed
Camden Mitchell
clean your room
Christopher Long
If lots of people start defaulting on their loans since they can no longer afford them due to unemployment the banks will go under since all those loans will never be repaid and they won't be able to sell the houses for anywhere near what the loan for it was worth. That WILL crash the financial system.
Josiah Parker
True blue aussie right here. Praise you son
Caleb Ward
Where should I put my money then?
Andrew White
this we need to cull bankers and pollies in minecraft of course
Nathaniel James
is that piss in your orange juice bottle?
Jose Phillips
Please tell me that isn't what I think it is in the orange bottle.....
>if the economy is bad, banks will stop repossessing valuable property because the property is slightly less valuable than at other times This is how stupid you sound.
That won't happen, they take up a tiny fraction of the budget. Welfare is the vast majority of government expense and will be the first to be cut.
Gabriel Green
transferred all my pounds to aud going to buy qantas stock when it hits 1.5
Gavin Davis
who's going to be able to send an international debt collector if this shit goes global tho?
What's up Ausbros, I just watched the first 3 Mad Max movies with my boy. He loves Mel Gibson now and I told him that Mad Max was actually a documentary about Australia and he fucking loves Australia now too.
Adam Brown
Jews
Parker Murphy
Why don’t huge corporations?
Grayson Peterson
Not sure if serious
But you're right, nearly every country across the world is facing a liquidity crisis and this is unprecedented.
Adrian Bailey
FUCK OFF WERE FULL
Ryder Lee
What a fucking retard. Globally, for years we were riding on the greatest market gains ever. We have a LONG way to fall before anything major really happens. It won't be the great depression, maybe 2008 GFC. The only thing consistent with the GFC is the market loss percentages.
Jack Howard
Hope they keep the lights on for you. Every now and then. Maybe.
>Welfare is the vast majority of government expense and will be the first to be cut. The pension is the lion share of the Government's total Welfare costs and I doubt they'll be hitting that. Newstart/DSP etc that typically go to Labor voters, yeah that's getting cut to fucking shreds.
Xavier Anderson
>snacker top kek
Jose Green
any cut to welfare means they need to pay more into defense and public safety
It's the largest form of welfare but also the most necessary, and the most responsible for votes. Disability and unemployment are due for a crackdown regardless of a recession.
We're talking about property prices here, not stocks or the AUD. People still need places to live.
