Some people in the finance industry are tipping that 20% of the total residential loans could default in Australia. When will a run on the banks start. France and Italy could be in a civil war, or massive civil unrest within 6 weeks.
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Coordinated world response:
- Russia, China Europe and of course the USA, agree to bury the hatchet. - Removal of sanctions on Russia, China, Iran, Syria, Cuba and Venezuela (that means telling the Israeli Government to ##@$ off and grow up.) - Truce between India and Pakistan. - Bring all troops home from Syria, Iraq, Afghanistan, Europe and Asia. - restart national and international infrastructure projects OBOR, Bering Straits bridge, Nordstream II, Mediterranean oil and gas, etc., etc. - concerted International health efforts (already happening with researchers from day 1 - 31 Dec 2019. - concerted IMF, BIS, world bank, ECB and national banks to provide liquidity and underwrite non performing loans. _ |
From the media release,
More than 150 aircraft will be temporarily grounded, including all of Qantas’ A380s, 747s and B787-9s and Jetstar’s B787-8s. Discussions are progressing with..... |
What do you expect, society is built like a house of cards. We have next to no resilience. Most of us are mortgaged up to our eyeballs, merely a few pay cheques from bankruptcy. Great, isn't it?
If this isn't a wake up call that we need to change our ways, I don't know what is. Even when this is over, there will be another just around the corner. |
Originally Posted by directimped
What do you expect, society is built like a house of cards. We have next to no resilience. Most of us are mortgaged up to our eyeballs, merely a few pay cheques from bankruptcy. Great, isn't it?
Notice how the amount of debt (credits = money to the counterparty) outstripped production from not long after that date. We have lived in a debt as money world since 1971, the outcome was inevitable. We were ALL forced to play the game. https://cimg4.ibsrv.net/gimg/pprune....b7717b876.jpeg Source: https://web.archive.org/web/20130518...nflation-5.JPG |
Originally Posted by Guptar
(Post 10719654)
Some people in the finance industry are tipping that 20% of the total residential loans could default in Australia. When will a run on the banks start. France and Italy could be in a civil war, or massive civil unrest within 6 weeks.
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Network , Cobham - business as usual?
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I wouldn’t be too worried about Qantas, all the directors took the option of swapping income for shares last week, just before they started making these announcements and asking the government for a bailout. Check out QAN on the ASX, all of the notices are there, made on 3 March
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Originally Posted by CurtainTwitcher
(Post 10719684)
Events of Sunday the 15th of August 1971 set in motion the debt train wreck that was always going to happen. The only problem was identifying the date of the accident with any accuracy.
Notice how the amount of debt (credits = money to the counterparty) outstripped production from not long after that date. We have lived in a debt as money world since 1971, the outcome was inevitable. We were ALL forced to play the game. https://cimg4.ibsrv.net/gimg/pprune....b7717b876.jpeg Source: https://web.archive.org/web/20130518...nflation-5.JPG Hold onto your hats, this **** is about to get real. |
Originally Posted by blow.n.gasket
(Post 10719578)
I wonder what the rumoured “ unprecedented “ announcement President Trump is going to make on April 1 that will remain in place until April 10th and how it will effect the rest of the World’s global market ?
Cos a) Trump couldn’t keep quiet about anything that long. b) the world has moved on from US dominance In relation to this issue I’d be more concerned about what Beijing is doing. Whether we like it or not Australia’s recovery from this recession will be because of our links with Beijing not Washington DC, despite how we feel about China at the moment. |
Originally Posted by ShandywithSugar
(Post 10719699)
Network , Cobham - business as usual?
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Of the 20 000 employees that Qantas are letting go, I wonder how many are middle or senior level management...
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Originally Posted by VH DSJ
(Post 10719731)
Closed charter operators aren't affected; only RPT
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One wonders if all 20,000 will be reemployed and all 20,000 will want to come back.
I guess I'm saying that this is the opportunity to downsize in the short and medium term. Will there ever be 30,000 employed by QF ever again? |
Originally Posted by outnabout
(Post 10719732)
Of the 20 000 employees that Qantas are letting go, I wonder how many are middle or senior level management...
If this drags on for longer than the company has money however, that may change. |
Sill Question, I know, but is that stood down without pay? Are there retainers or insurances that kick in?
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Stood down without pay, however we're able to use annual leave to make up the difference. If you have less than a certain threshold, you're able to go into negative 4 weeks annual leave.
After that, you're on your own. They are rotating duties at JQ at least, apparently based on seniority. So one month you'll work, then next month another group will work. Etc. |
Where’s John Andersen when he’s needed?
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Coles are hiring 5000 Casuals, I understand Woolworths is putting its vacancies to anyone in the QF Group wishing to assist with the crazy demand seeing at Woolworths and Bigw etc. More on that next week apparently
I guess this will suit some, example Ground Crew or a Cabin Crew would earn similar to the Woolies casual rate. 20 odd hours a week would help put food on the table, paying the rent or whatever. |
Originally Posted by f1yhigh
(Post 10719587)
What about the cargo flights using pax aircraft?
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