Government Loan to Virgin Australia

[The Bullwinkle]

Originally Posted by Paragraph377

So COVID-19 kills around 160 people per day worldwide. No death is a good death, however in comparison;

• There are approximately 26,000 deaths per day from Cancer worldwide.
• Coronary deaths are around 25,000 per day.
• Diabetes deaths are around 4,400 per day.
• Suicide takes around 2,000 to 3,000 lives per day.
• Vector borne diseases (spread by animals) account for 700,000 deaths per year, of which at least 440,000 are by mosquitos alone through transmitting malaria and dengue fever which is around 1,205 per day.
• Homicide takes around 1,270 lives per day.
• 378 people die from snakebite each day.

Now, I don’t wear a tinfoil hat and I know the illnesses above aren’t spread by cough droplets, but FFS enough is enough. Give people their lives, liberty and freedom back and end this global lunacy at the hands of Governments. Have they never heard the saying ‘the cure is worse than the cause’? This is bullshit! People are losing their livelihood, their future, their soul. Millions upon millions of jobs, businesses, all gone. Years of recovery ahead of the world! The madness has to stop.

Don’t forget the road toll.
By the end of March, 286 people had died on Australia’s roads, almost 4 times the Australian Coronavirus death toll. So let’s ban driving until we reduce that total to a more acceptable level!!!

I agree that this bullshit has to stop before the cure kills more people than the disease.
These lockdown laws are increasing the death toll amongst the young in our communities.

https://www.news.com.au/lifestyle/he...f07e972334394c

https://www.legit.ng/1321651-covid-1...-lockdown.html

https://thewomenjournal.com/2020/04/...ike-300-years/

https://www.deccanherald.com/nationa...wn-823182.html

https://nypost.com/2020/04/12/teen-c...irus-lockdown/

[machtuk]

Nobody wins here, Carpet bombing the nation to protect the people might sound plausible but at the end of the day we have mostly healthy people now living in a terminally ill ecomnomy!
RIP common sense!

[kingRB]

Originally Posted by oicur12.again

Maybe, but this downturn was going to be the biggest economic contraction for decades without Corona. You cannot pump trillions of worthless fiat into a global economy and expect it never to go bang.

and the Fed is only just getting started!

[Paragraph377]

Originally Posted by kingRB

and the Fed is only just getting started!

Agreed!! They are kicking the can further down the road. Meanwhile the bubble grows, and grows, and grows.....When it bursts (and the cracks in the dam wall are growing) 40+ years of fiat money and inventive ‘monetary’ policy is going to be very ugly. The GPWS has been sounding for a while now. Brace brace brace.

[The Shovel]

Branson is not coming to save the airline.
Which makes his video lampooning the Federal Government for not bailing out his airline even more offensive.
https://www.businessinsider.com/rich...irlines-2020-4

[markontop]

Maybe play his cheque ripping stunt in reverse?

[Turnleft080]

Add to the list WHO and pharmaceutical companies. They are married together. Drugs are designed to maintain your illness. If they were designed to cure you they would all go broke.
i.e. drugs suppress your immune system your saviour to defeating all bad bacteria and viruses. If people realised this the
only reason you would need to go to hospital is for lacerations and broken bones. Your body heals the rest. Why are we the sickest species still on this planet? Pets are our 2nd sickest because we feed them tin and packaged food.
The healthiest is our wild animals. When was the last time a giraffe, hippo, tiger, or lion ate junk food and dropped in to the local chemist to lower their high blood pressure or cholesterol.
They use the planet resources to have a healthy life so should we. Sorry getting angry frustrated back to saving an airline which we will.

You Tube

Well this just came out 24 hours after my post BS hey goto 7.45 their's your typhoid fixed.

[TACQANAVIAVEC]

What a load of BS.....If your premise was true then why aren't millions in the developing world "still" dying from Malaria, Typhoid etc? The majority of people who live with long term illnesses or diseases are due to life style changes not some fake ass Vaccine conspiracy. Big pharma doesn't need to come up with a sophisticated scam to make people sick, people do it to themselves by making Burger Kings, KFC, Mc Donalds a regular part of their diet, accompanied these highly nutritious meals with a lovely high fructose diabetic cocktail called Coke and then topping it off with cancerlicious relaxing dose of nicotine!!

[ruprecht]

Originally Posted by Turnleft080

Add to the list WHO and pharmaceutical companies. They are married together. Drugs are designed to maintain your illness. If they were designed to cure you they would all go broke.
i.e. drugs suppress your immune system your saviour to defeating all bad bacteria and viruses. If people realised this the
only reason you would need to go to hospital is for lacerations and broken bones. Your body heals the rest. Why are we the sickest species still on this planet?
The healthiest is our wild animals. When was the last time a giraffe, hippo, tiger, or lion ate junk food and dropped in to the local chemist to lower their high blood pressure or cholesterol.
They use the planet resources to have a healthy life so should we. Sorry getting angry frustrated back to saving an airline which we will.

That explains where all the aluminium foil went...

[Buster Hyman]

Originally Posted by ruprecht

That explains where all the aluminium foil went...

Doesn't explain the toilet paper though...

[Section28- BE]

$6.9 billion to 10,000+ Creditors

ABC article on the ASX today link: https://www.abc.net.au/news/2020-04-...oints/12180628

Extract here:

"Qantas shares had risen 1.8 per cent to $3.40, despite a warning from the competition regulator it would take swift action if the airline engaged in any anti-competitive behaviour, following Virgin Australia entering voluntary administration

Virgin's administrator, Deloitte, said the company owed $6.9 billion to more than 10,000 creditors, following an initial review."

Rgds
S28- BE

[LostWanderer]

Originally Posted by Section28- BE

ABC article on the ASX today link: https://www.abc.net.au/news/2020-04-...oints/12180628

Extract here:


Rgds
S28- BE

So that's now around 2 billion more debt than the previous estimate?

[Led Zeppelin]

Virgin's administrator, Deloitte, said the company owed $6.9 billion

That's almost 40% more than the publically canvassed figure of $ 5 billion and is an awful lot of debt to manage through a voluntary administration.

[-41]

Is there a credible ASX link to the $6.8 B referenced here?

[crosscutter]

$450M employee entitlements. Does this figure assume redundancy provisions? It’s around 50k per employee.

[Des Dimona]

It will be very difficult to manage this through a restructure, given the true debt level may rise above $7 billion. Unless there is some very creative thinking about solutions, that would make receivership almost unavoidable.

[-41]

$7Billion is a long way from $5Billion this is looking terminal under the current conditions.

[B772]

Wow, last week we were told the debt was $4.8B, now we are told it is $6.9B. We know Scurrah asked the taxpayers for $1.4B. Now we learn there were a total of 9 requests. He kept watering the $1.4B amount down after being continually rejected until his last request was for $200M. WTF !

Just to prove Scurrah did not have a clue about the Virgin dilemma he stood in front of staff on 06/11/19 saying things such as we run a strong airline. The reality being not only were the liabilities much greater than the assets but the total annual revenue was less than the debt. Scurrah even purchased VA shares and bonds in November 2019. He must have been tempted by the unsecured 8% per annum.

I now understand the number of interested parties has dwindled in numbers.

[George Glass]

Originally Posted by Turnleft080

Add to the list WHO and pharmaceutical companies. They are married together. Drugs are designed to maintain your illness. If they were designed to cure you they would all go broke.
i.e. drugs suppress your immune system your saviour to defeating all bad bacteria and viruses. If people realised this the
only reason you would need to go to hospital is for lacerations and broken bones. Your body heals the rest. Why are we the sickest species still on this planet?
The healthiest is our wild animals. When was the last time a giraffe, hippo, tiger, or lion ate junk food and dropped in to the local chemist to lower their high blood pressure or cholesterol.
They use the planet resources to have a healthy life so should we. Sorry getting angry frustrated back to saving an airline which we will.

“And the 2020 Darwin Award goes to...............”

[Half Baked]

I never have liked this weasel.

Perhaps he he should listen to his own loud mouthed advice!

https://www.thelondoneconomic.com/bu...support/21/04/


bloody parasite!