Adam The God

All federal spending is currency creation. All that spending occurs via the RBA crediting exchange settlement accounts, which create deposits in the private banking system. The state government is different, however, it is a currency user, it doesn't create new liabilities when it spends, but does have access to cheaper debt, and can afford $20 million dollars. As former RBA Governor Bernie Fraser once said, "governments have responsibilities that go beyond". But bang on about debt hysteria as if it's like a business or household.

Credit ratings are neoliberal facades. As Phillip Lowe said during COVID, "triple A credit ratings have more politiclal symbolism that economic importance". Again, if the political will for the community is there, this is a solid, low cost project to create a vibrant Caulfield hub around the racecourse and the school, which will be good for local business as it increases traffic to the area.

Currency users like the Victorian Government in theory have revenue constraints, but really, these are political constraints. If you think for one moment the Commonwealth would let Victoria collapse in the liabilities (AUDs) it issues, I think you're mistaken. I think the Commonwealth Games are not worth hosting. Political decision made. Caulfield has community benefits and is worth funding.

I'm not privy to them and wouldn't share publicly if I did know.

The state government is not broke. It is guaranteed by the Commonwealth and the RBA owns most of the semis issued by the Vic gov. Anyway, we're talking about a contribution of perhaps $20 million, which should be framed as a community initiative. Right now, public land is used by a select group of people and with our proposal, we'd be opening the space up to the public. Frame it right and the proposal is a drop in the ocean. Meanwhile, perhaps the state gov should bring back into public ownership some of the tollroads it helped build with federal funding and Kennett sold to foreign companies for 99 year leases.

We have met with the federal government as well, as to how that meeting went, I have no idea.

Someone posted on here the other day that staying out at AAMI Park until Caulfield is signed off is a legitimate leverage piece. And the CRRT have extended the MOU with the club for Caulfield, so it is conceivable we're getting closer, but I do wonder what leverage the AFL are applying for us to move to Waverley. Maybe the club needs to be more strategic in how they close this deal with the state government.

Heard an interesting little rumour today at training. Apparently the Caulfield Racecourse Reserve Trust have extended their MOU with the club, so despite near donuts on SEN this morning, let's hope the admin have this sewn up soon...

There's a pending state budget, so I think you'll find if there's something in there, we couldn't announce it until the Treasurer releases the budget papers.

The Victorian Government is guaranteed by the Commonwealth and vast majority of state and territory debt is owned by the RBA. All spending though is a political decision. I think this will still get done.

Is that you SWYL?

If you've watched the Fox Footy interview between Gary and King, King indicated Max would get rests this year. Again, I think we'll see more Chris Scott type management from King. Geelong have been experts at managing their older players.

Given the environments King has coached in, the likes of Scott and Bevo, I'd be staggered if he's not up for tagging the opposition playmakers.

If I'm a player agent, I'm advising my client to go to Melbourne over Hawthorn. The Merrett debacle will have ramifications. If you're going that hard, you need to get the deal done. Mitchell and Hawthorn looked incompetent.

I think we sort of want the Blues to get close to making the 8 and do nothing in finals. We want Voss there for as long as possible. A bit like Buckley at Collingwood, but Voss is even worse.

And also I'd imagine Tim plays a relatively hard game with Freo who continually poach our players. Not exactly an unbiased source then.

Yep, at this stage, I'm happy to load up on elite youngsters with JT at the wheel.

Fear is not a good motivator and never has been. It might have been used in the past, I used it in my first few years of coaching, but just because it was used, doesn't mean it worked.

The most negative poster on here, Greg. Congratulations.

Bloody Tim Lamb's at it again. 🤦

Paul Kelly is an Adelaide supporter I'm afraid.

But surely our Demonland peanut gallery knows more than AFL insiders? I'm surprised by that.

I think the action seemed to cause the injury though as he did seem dazed, despite passing concussion test. Therefore, to my mind, it's a punishable offence.

Dwyane Russell... that's your source? 😄

I figured, going by the video posted to socials yesterday that featured him, but thanks for the heads up.