https://www.bloomberg.com/news/articles/2018-02-21/trump-infrastructure-plan-gets-2-trillion-nudge-from-australia
>In face-to-face talks at the White House this week, Prime Minister Malcolm Turnbull will propose using a chunk of Australia’s A$2.53 trillion ($1.99 trillion) pension savings pool to help unlock funding for Trump’s infrastructure push. He’s being joined on the trip by local money managers who help control the world’s fourth-largest pot of retirement savings.
I guess I’m paying for your wall then
/mlpol/ - My Little Politics
Archived thread
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>>122141
This does not benefit my retirement plan in any way, shape or form. Considering the fucking kike problem over there, I'm leery of those funds being used on infrastructure that the Democrats might just piss on to spite Trump.
This does not benefit my retirement plan in any way, shape or form. Considering the fucking kike problem over there, I'm leery of those funds being used on infrastructure that the Democrats might just piss on to spite Trump.
There's a certain irony in that a government seeking to extract every penny from its citizens is freely giving to another one that wants to keep out those who use up such money.
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It's simple pension fund finance:
Pension-fund capitalism: A term coined in the 1950s to reflect finance capitalism’s new way of exploiting labor by withholding part of its salary to invest in stocks. Early abuses in America (and most notoriously in Chile at the hands of the Pinochet junta with the aid of the Chicago Boys) occurred when companies invested the money in their own stocks, increasing equity prices not so much by raising earnings as by organizing a flow of funds into their purchase.
[Pension-fund socialism: A system whereby employers (in the public as well as the private sector) pre-fund pension commitments by setting aside funds to invest in stocks and bonds rather than government securities. The effect of these set-asides is to bid up the price of financial assets. The main beneficiaries of the buildup are venture capitalists taking firms public with IPOs, corporate managers exercising their stock options, and speculators. When the demographic dynamics shift and more workers retire than join the labor force, sale of these securities to pay their pensions threatens to reduce stock and bond prices, depriving the retirees of their anticipated gains. The result is neither especially capitalist nor socialist, as it is primarily a financial phenomenon rather than one based on industrial profits. Attempts by corporate managers and raiders to increase stock prices typically are made at labor’s expense, not for its benefit.
Also note that the phrase "asset recycling" is being thrown around; meaning that whatever money spent is paid back by either leasing or selling public assets. Anything skeptical to be about the aspect of infrastructure spending is the chance of windfall gains; which can be taxed; or left alone so someone can bid up their equity values. Which in this case; 1) someone's asset(s) price rises and 2) someone else can buy that recently privatised asset to do step 1) again. Some people could very well be gaining from this or at least expecting a return, but I don't know for now.
Some clues of this from the article are:
>IFM, which has A$101 billion of assets under management, invests money on behalf of entities from 16 countries including seven of the top 10 U.S. pension funds, according to Himbury.
>“The administration needs $1 trillion and it’s unlikely that can all be supplied from the public purse,” Himbury said. “So there is a growing realization that private capital is needed.”
>“Few Australians —- and even fewer Americans —- know Australia has grown a titanic stock of capital in its superannuation funds,” the University of Sydney’s United States Studies Centre said in a report released on Thursday. “Massive amounts of this colossal investment pool” is already invested in the U.S., helping “grow American firms, build and repair U.S. infrastructure.”
>“The key blockage in the U.S., which is also common across the world, is the political risk due to community concern over private ownership of what people perceive should be public assets,”
Pension-fund capitalism: A term coined in the 1950s to reflect finance capitalism’s new way of exploiting labor by withholding part of its salary to invest in stocks. Early abuses in America (and most notoriously in Chile at the hands of the Pinochet junta with the aid of the Chicago Boys) occurred when companies invested the money in their own stocks, increasing equity prices not so much by raising earnings as by organizing a flow of funds into their purchase.
[Pension-fund socialism: A system whereby employers (in the public as well as the private sector) pre-fund pension commitments by setting aside funds to invest in stocks and bonds rather than government securities. The effect of these set-asides is to bid up the price of financial assets. The main beneficiaries of the buildup are venture capitalists taking firms public with IPOs, corporate managers exercising their stock options, and speculators. When the demographic dynamics shift and more workers retire than join the labor force, sale of these securities to pay their pensions threatens to reduce stock and bond prices, depriving the retirees of their anticipated gains. The result is neither especially capitalist nor socialist, as it is primarily a financial phenomenon rather than one based on industrial profits. Attempts by corporate managers and raiders to increase stock prices typically are made at labor’s expense, not for its benefit.
Also note that the phrase "asset recycling" is being thrown around; meaning that whatever money spent is paid back by either leasing or selling public assets. Anything skeptical to be about the aspect of infrastructure spending is the chance of windfall gains; which can be taxed; or left alone so someone can bid up their equity values. Which in this case; 1) someone's asset(s) price rises and 2) someone else can buy that recently privatised asset to do step 1) again. Some people could very well be gaining from this or at least expecting a return, but I don't know for now.
Some clues of this from the article are:
>IFM, which has A$101 billion of assets under management, invests money on behalf of entities from 16 countries including seven of the top 10 U.S. pension funds, according to Himbury.
>“The administration needs $1 trillion and it’s unlikely that can all be supplied from the public purse,” Himbury said. “So there is a growing realization that private capital is needed.”
>“Few Australians —- and even fewer Americans —- know Australia has grown a titanic stock of capital in its superannuation funds,” the University of Sydney’s United States Studies Centre said in a report released on Thursday. “Massive amounts of this colossal investment pool” is already invested in the U.S., helping “grow American firms, build and repair U.S. infrastructure.”
>“The key blockage in the U.S., which is also common across the world, is the political risk due to community concern over private ownership of what people perceive should be public assets,”
>>122195
To stop paying for the wall, press 1.
You are now being directed to the red pill line. In order to stop paying for other nations things, help your nation embrace nationalism and isolationism. Press 1 to accept this great calling.
To stop paying for the wall, press 1.
You are now being directed to the red pill line. In order to stop paying for other nations things, help your nation embrace nationalism and isolationism. Press 1 to accept this great calling.
HEY AUSTAN CHECK IT OUT I'M IN THE THREAD NOW
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So this is what he meant by Mexicans
Take all of their money then nuke Melbourne it all makes sense now
Take all of their money then nuke Melbourne it all makes sense now
>>122088
You'd may as well
At least this way it goes to something better than the chinks invading your country.
Once we are done building we can come help you out with that
You'd may as well
At least this way it goes to something better than the chinks invading your country.
Once we are done building we can come help you out with that
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>>124817
Begone, spammer!
Begone, spammer!
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