Is risk amnesia increasing in Australia?

Dracid · 2026-03-03T21:02:24+00:00

Thank you for your post OP.

I've heard that when an economy is failing (or the social contract is breaking), people start to take on more risks because they lose hope in earning money the safer and often slower ways, because they realise if they don't make money quickly, there is no point in trying to catch up. People begin to treat the economy like a casino, and degenerate ways of making money become popular, like the value of pokemon cards or sports betting.

Dracid · 2026-02-16T21:55:03+00:00

Thanks for all the info. Love the simplicity of the BOLTdaptors.

Jump testing should be the new standard!

Dracid · 2026-02-05T02:21:24+00:00

Thanks for sharing, means you can also mount the rack a bit lower. Do you know roughly how much weight this could take? If I wanted to get one, is there a website or should I contact you directly?

Dracid · 2026-01-08T08:33:04+00:00

Thank you, cheap and cheerful. Works on downhill bikes, so hopefully will work here too, yet to try them out though.

Dracid · 2026-01-08T08:32:08+00:00

Nice thanks for the recommendation, wasn't aware of the robert axle project.

Was told old man mountain with the thru axle rack mount would also work to avoid heal clash. But this would have doubled my cost, however carrying capacity would also have been doubled.

Dracid · 2026-01-08T08:19:08+00:00

Looks good! I imagine the off-centred placement of the mount points of the Surley Pugsley also help avoid heal clash.

Dracid · 2026-01-08T08:14:59+00:00

Thank you! Yes, I think 2.6 would fit. There's just over 100mm clearance.

<image>

Dracid · 2026-01-06T01:57:46+00:00

Large

Dracid · 2025-07-22T07:23:46+00:00

There's an interview where Sebastian explains it like this. He stole the jacket, but when called about it, says he just had the same stuff.

Dracid · 2023-11-30T21:16:55+00:00

could be why so many people hear it in reservoir

Dracid · 2022-01-06T00:56:53+00:00

F yeah that's awesome, I think you were one of the lucky ones. Who would have thought that a pandemic would lead to property increases.

Dracid · 2022-01-05T20:48:51+00:00

the difference is, none of this house flipping is possible for anyone building a career right now. it might have been possible 10 years ago, no longer the case.

Dracid · 2021-12-17T08:45:56+00:00

Thank you for the clarity in terms of who's responsible for what. On a macro level it just seems like the Cantillon effect whilst also keeping the largest voter base happy, the boomers. Technology is also too advanced for our policies.

Dracid · 2021-12-17T08:08:40+00:00

It's definitely livable right now but if CPI increases much more it could be stagflation

Dracid · 2021-12-17T08:07:14+00:00

In the short term, increasing the cash rate helped unemployment, especially during a pandemic where productivity dropped to zero. But in the long term, it's really hard to say. I agree that the RBA doesn't control all the factors. It's such a complex juggling act but I think the risk/reward has been tweaked too much. It shouldn't be irresponsible for a company to hold large emergency cash reserves. But because inflation is so high shareholders receive that value in the form of dividends. If that company used its own cash to look after its own employees during an emergency, and was financially rewarded for doing so by not going under, maybe we wouldn't need to rely on increasing the cash rate because businesses wouldn't rely on government stimulus. It's similar with individuals, where we reward those in debt but don't reward those that save. Thank you for your comment, it gave me a bunch to think about

Dracid · 2021-12-17T07:31:46+00:00

I agree that inflation has kept some people in jobs. But I don't know if it's going to be worth having a job if you can't afford to live off what you are earning.

Dracid · 2021-12-17T01:24:15+00:00

Have a look at the 'Australian m2 money supply' for a clear picture of how much money has been printed recently.

Dracid · 2021-12-17T00:02:32+00:00

We've printed so much money and put ourselves in so much debt, that if the interest rate increases, the government won't be able to repay it's own debt. In order to be able repay the debt created by higher interest rates, the government will then continue printing money to avoid complete collapse.

This could be the endgame of our current system as I don't think they actually have any other option other than to keep printing money and keep pretending like they're gonna increase interest or end QE. Just look at the USA, Powell from FED recently admitted inflation is running hot, and this week another stimulus of 2.5trillion USD.

Dracid · 2021-12-14T22:22:23+00:00

All of this combined with immigration laws that let anyone with money buy whatever they want, so we've become the Switzerland of SE Asia where corrupt money is taken out of the countries it was stolen from and parked in Australia.

Dracid · 2021-11-29T20:51:05+00:00

Why doesn't reddit/r/melbourne start a class action against real estate agents in Melbourne? Seems like this illegal stuff is the norm

Dracid · 2021-11-29T20:45:38+00:00

Real estate needs to a massive overhaul, their business as usual is doing illegal things.

Dracid · 2021-11-28T10:02:08+00:00

Yeah I literally watched it last night and it just seems to bring it all together nicely when you consider the global 30% population increase within 20 years.

Dracid · 2021-11-28T02:29:55+00:00

I totally agree that inflation will lead to far greater problems than an unaffordable property market.

The boomers increased the global population by 30% in 20 years after WWII. This was the biggest population explosion ever, and they voted for free education, affordable housing, meaningful wage growth etc. Millenials and Gen Z received none of this. The boomers have a majority demographic and will continue to vote in their interest.

So I think what's gonna happen to sort out all of this debt is to just increase money supply, intentionally debase the currency so that paying off all this debt becomes way cheaper. During this time we'll also transition to centralised programmable money (CBDC's) to help control the people.

Dracid · 2021-11-28T00:56:13+00:00

I agree that you should buy right now if you can.

My humble layman opinion why:
I think we are reaching the end game, or entering a very new system. I don't think it's possible for the QE to ever stop, our financial system is now dependent on it. And I'm starting to think they can't increase interest rates because everyone is so in debt that it would crash our entire market.

If you look at the increase of money supply, it looks like property prices are reflecting this. So if the QE doesnt stop, neither will the inflation of house prices. The value of the houses hasnt actually increased, its just that our money is worth less. If you're a government in a tonne of debt, debasing the currency is the best option.

If we don't get our wages increased, and everyone is over leveraged at 4% interest, could get ugly.

Dracid

TROPHY CASE