Category Archives: Resources

GreenLeft ALPABC confirms that blocking Australian coal exports will lead to an increase in global carbon dioxide emissions

Interesting example of the facts of the matter eventually making it into the light. Credit where credit is due but I think the basic facts of coal chemistry were too elementary to be obfuscated.
Fact check: Does Australia export cleaner coal than many other countries? The ABC must hate it but the answer is yes.
I wonder when Adani will be allowed to get on with their Carmichael mine development in Qld to improve living standards in India.
So the Greens (3.6Mb pdf) have been beavering away for years to kill Australian coal exports – and to the extent they succeed – this will increase global carbon emissions. Love those Greens.

Is this the best way to locate a needed nuclear waste storage facility ?

The ABC reports – Six sites shortlisted for Australia’s first nuclear waste dump; Government faces battle to convince locals worried over safety.
Reading into this we find the sites are picked from a list where landowners have offered their land for sale – at a fat premium – as the site for this Commonwealth facility. And there is a further $10million to placate the surrounding community. Surely a more logical process would entail nuclear experts selecting the best site. But have we tried that for decades and the Greens aided and abetted by their media mates always succeed in scaremongering this sensible idea into oblivion. That is the history.

David Archibald writes in Quadrant on the possibility of conflict in the South China Sea

China’s Implacable Belligerence – All I can say is that if China wants war with the USA and others then it is so easy to start – this US Navy guided-missile destroyer USS Lassen can not be so hard to find. Climate issues seem miniscule alongside possibilities here. In May I wrote – Colossal Greens and UN hypocrisy exposed constantly complaining about the Great Barrier Reef yet ignoring the large scale destruction of many reefs in the South China Sea

A few pages from American Betrayal by Diana West re Western blindness to Stalin’s 1932-33 Terror Famine

I reader asked me to hunt up this quote from American Betrayal by Diana West re the Terror Famine which killed millions of people in the USSR partly in what is now Ukraine – bottom page 103.

I was transfixed reading a few pages and decided to post them here – pages 102-103 – pages 104 105 – pages 107-107 – pages 108-109.
After reading the book in 2014 I posted – Interesting that “McCarthy style pressure” is often invoked – yet the Venona Intercepts showed McCarthy was substantially correct
There is a wikipedia page named Holodomor – a quote –
[Survival was a moral as well as a physical struggle. A woman doctor wrote to a friend in June 1933 that she had not yet become a cannibal, but was “not sure that I shall not be one by the time my letter reaches you.” The good people died first. Those who refused to steal or to prostitute themselves died. Those who gave food to others died. Those who refused to eat corpses died. Those who refused to kill their fellow man died. Parents who resisted cannibalism died before their children did]

Investing in the Cayman Islands – what is the attraction for Australians?

The Cayman Islands have been in our news lately as a place where many managed investment funds find it advantageous to be registered.
Now take the case of an Australian mum and dad investor buying shares on the ASX or overseas stock exchanges and using his own name and Australian address. Just say one of his shares rises in value by say 50% – now if he wants to sell and pocket the profit – if he has held for less than a year the entire profit adds to his taxable income for that year. If he has held for over a year I understand 50% of the profit adds to his taxable income. He might have held for 10 years but the same 50% of the profit still adds to his taxable income. If you sell at a loss then the loss is tax deductible.
I am curious what the situation is if you were a millionaire Australia investing in Cayman Island registered managed funds. I assume the fund is all the time buying and selling equity investments here and there at stock exchanges around the world. My question is – on what basis is the millionaire paying tax on capital gains and losses on ASX shares if the Cayman Islands fund were to so invest a proportion of their capital? And how does it compare to what tax our mum and dad investors would pay if they so happened to experience exactly the same capital gain buying and selling ASX shares that the millionaire gained through his proportion of the Cayman Island managed fund?
Can anybody assist?