Latest / The Bolt Report / The Bolt Report | 21 November

Transcript

The Bolt Report | 21 November · The Bolt Report

• 0:11
  Speaker 1: Is the bulk perform it tonight outrageous. The Albanezy government
• 0:17
  Speaker 1: tells the massive Future Fund meant to pay public servants
• 0:20
  Speaker 1: pensions to pay for Labour's green dreams and Australia's embarrassment
• 0:25
  Speaker 1: at the climate conference in Baku, woke politics and an
• 0:30
  Speaker 1: acknowledgement of country on the other side of the globe.
• 0:34
  Speaker 1: Plus the most woke car ad ever made, Jaguars, which
• 0:38
  Speaker 1: sells US diversity policies, but kin'd have forgot to include
• 0:42
  Speaker 1: anything at all with a motor. Also tonight, there's actually
• 0:46
  Speaker 1: a strange and dangerous twist. So that attack in city
• 0:50
  Speaker 1: last night that's been called anti semitic, well it may
• 0:54
  Speaker 1: well be, but it could actually be worse. At first,
• 1:00
  Speaker 1: I just want to start tonight with something that I
• 1:03
  Speaker 1: suspect almost every parent in Australia will be thinking about.
• 1:08
  Speaker 1: Nineteen year old Melbourne teenager Bianka Jones has now died
• 1:12
  Speaker 1: in a hospital in Thailand. She and her best friend
• 1:15
  Speaker 1: Holly Bowls were on a dream get away in Laos
• 1:19
  Speaker 1: when they drank something that apparently some barred lace with methanol.
• 1:25
  Speaker 1: Holly is still fighting for her life in bank or hospital.
• 1:27
  Speaker 1: Her family's by her side poor parents. Now, when you
• 1:33
  Speaker 1: see the video shot by these girls in their holiday,
• 1:37
  Speaker 1: you see everything you'd actually want in your youth, joy,
• 1:40
  Speaker 1: especially joy in life, such careless excitement, such promise and trust.
• 1:50
  Speaker 1: I mean, you know how it is. You're young, you trust,
• 1:52
  Speaker 1: you pick up a drink even in Laos. You don't
• 1:54
  Speaker 1: think there's some shaster trying to make a few bucks
• 1:59
  Speaker 1: just makes it from methanol. No, everyone seems so nice. Hey,
• 2:04
  Speaker 1: everyone seems so nice as only as you get older,
• 2:08
  Speaker 1: maybe sour, with experience, you get suspicious, whereas we'd say
• 2:13
  Speaker 1: we get wiser, sadder but wiser. But then you know,
• 2:18
  Speaker 1: you get this. Three other young travelers who went to
• 2:21
  Speaker 1: Laos are also now dead, and the rest of us
• 2:25
  Speaker 1: are thinking, well, it could have been our child, and
• 2:28
  Speaker 1: perhaps one day, God forbid, it may well be. I mean,
• 2:32
  Speaker 1: you know, thanks to that same joy and love of
• 2:35
  Speaker 1: life and adventure and trust and well, don't go there.
• 2:41
  Speaker 1: So it'll all be wondering. How are we to react tonight?
• 2:45
  Speaker 1: You know, we're going to resolve never to let our
• 2:48
  Speaker 1: children go. We're going to say and tell them all
• 2:50
  Speaker 1: the wicked ways of the world until they're full of fear.
• 2:56
  Speaker 1: I mean, these girl's parents. How terrible for them in despair.
• 3:01
  Speaker 1: There'd been despair thinking if only old girls hadn't gone,
• 3:05
  Speaker 1: if only it would stop them, I'd get all that,
• 3:08
  Speaker 1: But I also can't get that video from my mind.
• 3:12
  Speaker 1: You know, these girls, so fully alive and so free
• 3:16
  Speaker 1: and taking every bit of joy there is in that moment,
• 3:19
  Speaker 1: And how could we take that from them or from
• 3:22
  Speaker 1: any other children? Is that how we teach our young
• 3:25
  Speaker 1: to live? You know? Children always be careful, children trust
• 3:29
  Speaker 1: no one, children, don't risk anything, stay at home. I mean,
• 3:35
  Speaker 1: I'm one to talk. I've been papy a joke, I guess,
• 3:39
  Speaker 1: but I'm not really. I've been nagging my eldest. You know,
• 3:42
  Speaker 1: don't go to Mexico on your honeymoon. Look at the
• 3:44
  Speaker 1: murder rate. Pick somewhere safer. I was even looking at
• 3:47
  Speaker 1: comparative murder rates. Look Spain much safer. But his sister
• 3:52
  Speaker 1: is going, and it's right and means too young to
• 3:54
  Speaker 1: live timid And who are we parents to say they must?
• 4:00
  Speaker 1: But what a burden we carry knowing that our children
• 4:05
  Speaker 1: are our hostages to such fickle fortune. So tonight I
• 4:09
  Speaker 1: pray for the parents of Bianca Jones and Hollyball's how
• 4:19
  Speaker 1: to switch to the other news with that. But let's
• 4:25
  Speaker 1: go on the arson and graffiti attacks last night on
• 4:29
  Speaker 1: cars and homes and a restaurant in Lara, Sidney. Isn't
• 4:33
  Speaker 1: just an attack on Jews. It's not just an act
• 4:37
  Speaker 1: where it's an act of terrorism really apparently terrifying the
• 4:40
  Speaker 1: locals of this fairly Jewish area. But there's something else
• 4:43
  Speaker 1: going on here that's being missed, something very serious that
• 4:47
  Speaker 1: I think involves our national security. Now there are in
• 4:52
  Speaker 1: fact two messages of hate painted on the cars there
• 4:55
  Speaker 1: and on the side of homes and of Matt Moran's
• 4:58
  Speaker 1: Chiswick restaurant. There's not just a message as you know,
• 5:02
  Speaker 1: f Israel, which are the locals understanding too well, which
• 5:06
  Speaker 1: reminds many of how Australis Jews have in fact been
• 5:09
  Speaker 1: let down by their government.
• 5:12
  Speaker 2: There hasn't been a strong message from the Labor Book government,
• 5:15
  Speaker 2: you know, Penny Wang, Anthony Albanesi, you know, they've really
• 5:20
  Speaker 2: i think in bolden and sort of having ever taken
• 5:23
  Speaker 2: a strong enough position against this type of thing.
• 5:26
  Speaker 1: And of course is right. I mean, what has this
• 5:28
  Speaker 1: albumy is government done to find the incredible wave of
• 5:32
  Speaker 1: hatred of Israel and the harassment of Jews here, particularly
• 5:36
  Speaker 1: that Jews targeted by Muslim mobs outside their synagogues, even
• 5:41
  Speaker 1: protest is carrying the flags of anti Jewish Hezbola, a
• 5:45
  Speaker 1: banned terrorist group here, or a Jewish MP's office, set
• 5:49
  Speaker 1: a light and vandalized all this and so much more
• 5:53
  Speaker 1: which I've shown you. I mean a hatred which actually
• 5:56
  Speaker 1: erupted for just two days after I masteris slaughtered twelve
• 5:59
  Speaker 1: hundred Jews. But as I said, there's more to this
• 6:10
  Speaker 1: attack last night by two unknown vandals. You can see
• 6:16
  Speaker 1: them there. The other message that they're left behind on
• 6:19
  Speaker 1: cars and houses was the PKK. Now, the p KK
• 6:23
  Speaker 1: is the Kurdish Workers' Party. It's a stalin the script
• 6:25
  Speaker 1: that is officially listed in Australia as a terrorist organization.
• 6:29
  Speaker 1: It's been responsible for things like suicide bombings, terrible ones,
• 6:32
  Speaker 1: mainly on Turkish targets, and in fact Sydney's Turkish consulate
• 6:38
  Speaker 1: in Sydney is no more than fifty meters from this
• 6:41
  Speaker 1: vandalism attack in the very same street, a suspicious coincidence
• 6:45
  Speaker 1: which police have noted.
• 6:48
  Speaker 3: There are a number of concerts that are located where
• 6:51
  Speaker 3: the vehicles were had the graffiti sprayed on them. That
• 6:54
  Speaker 3: will form part of our line of inquiries why those
• 6:57
  Speaker 3: streets and those vehicles were targeted.
• 6:59
  Speaker 1: So also highlights for me something that's worried me for
• 7:03
  Speaker 1: some time. The PKK has a number of supporters here,
• 7:09
  Speaker 1: just like other terrorist groups from the Middle East, hesbela
• 7:11
  Speaker 1: Amas Islamic Jihad. We had Islamic State people. We had
• 7:16
  Speaker 1: more people going to serve in boring the Islamic State
• 7:19
  Speaker 1: than was serving at the time in the Australian Army.
• 7:21
  Speaker 1: Can you believe two years ago, for instance, a Kourage
• 7:25
  Speaker 1: festival in Melbourne flew flags of the PKK and pictures
• 7:30
  Speaker 1: of his founder Abdullah Jelan. More evidence then that Australia
• 7:34
  Speaker 1: is importing tensions yet at the same time recklessly encouraging
• 7:40
  Speaker 1: a dangerous tribalism, this new identity politics. We've all been
• 7:46
  Speaker 1: worn now by what we saw last night. Australia is
• 7:49
  Speaker 1: fracturing dangerously and this new ethnic tribalism being encouraged too
• 7:55
  Speaker 1: often by government can only mean trouble. Joining his former
• 8:04
  Speaker 1: Federal Labor MP Michael Danby, who was chair of the
• 8:07
  Speaker 1: Joint Standing Committee on Foreign Affairs, Defense and trade and
• 8:11
  Speaker 1: of course any quite active in Jewish politics as well. Michael,
• 8:15
  Speaker 1: great to see you again. Look, we've got anti Israel
• 8:19
  Speaker 1: terrorist groups listed here. Now we've got a pro a
• 8:24
  Speaker 1: PKK supporting people supporting that terrorist group here as well. Boy,
• 8:30
  Speaker 1: have we imported some trouble.
• 8:32
  Speaker 4: Well, what do you understand, Andrew is and what the
• 8:35
  Speaker 4: government apparently doesn't understand that this is escalating. If you
• 8:39
  Speaker 4: let things happen like on the steps of the Sydney
• 8:42
  Speaker 4: Opera House and all of the incidents in between, if
• 8:45
  Speaker 4: you let a group of horrible people prevent children watching
• 8:49
  Speaker 4: the Christmas windows because they want to chant their mad
• 8:53
  Speaker 4: views on the Middle East, then and police, so we
• 8:58
  Speaker 4: don't understand if this is all connected. It's connected. There
• 9:01
  Speaker 4: needs to be some arrests, there needs to be some action.
• 9:04
  Speaker 4: And if this, if the p k K is involved,
• 9:06
  Speaker 4: it just shows you that even terrorist groups or people
• 9:10
  Speaker 4: associated with terrorst groups in Australia feel unleashed by the
• 9:13
  Speaker 4: inactivity of the authorities of the state. Why isn't the
• 9:18
  Speaker 4: Police Minister in New South Wales down there today consoling
• 9:23
  Speaker 4: the local residents. The people have had property in cars
• 9:27
  Speaker 4: damaged or burnt. People need to be more active. You
• 9:31
  Speaker 4: don't have to do things like the dosing laws, which,
• 9:34
  Speaker 4: thank Heavens one prosecution has been finally finally made. You
• 9:39
  Speaker 4: have to show people some political leadership which has been
• 9:43
  Speaker 4: sorely lacking. Now Chris Means has put out a very
• 9:46
  Speaker 4: strong statement. But I like you and worried that we've
• 9:50
  Speaker 4: encouraged Hamas, Hezbollah and now the PKK to think that
• 9:55
  Speaker 4: they've got a free run in our cities.
• 9:58
  Speaker 1: Because on now the PKK, you say, I mean, I
• 10:03
  Speaker 1: totally agree with you what you're saying, totally agree one
• 10:06
  Speaker 1: encourages the other. Suddenly everyone wants to be part of
• 10:08
  Speaker 1: an ethnic tribal group and flaunt their muscles. But don't
• 10:12
  Speaker 1: forget you and I. One of the first things we
• 10:15
  Speaker 1: were busy with together, and this is I can't remember
• 10:19
  Speaker 1: how long ago, thirty years ago was when some of
• 10:21
  Speaker 1: your Labor colleagues were in fact encouraging the PKK and
• 10:25
  Speaker 1: going to PKK events here in Australia. This has been
• 10:29
  Speaker 1: going on for a long time, and I just wonder
• 10:31
  Speaker 1: how it is that the Labor Party has got this
• 10:33
  Speaker 1: terrible record of encouraging that sort of divisiveness, that sort
• 10:38
  Speaker 1: of ethnic toxic, ethnic politics.
• 10:41
  Speaker 4: Well, it's wrong. People need to be consistent and you
• 10:45
  Speaker 4: need to be opposed to terrorist groups like the PKK,
• 10:51
  Speaker 4: whether you like the Urduwan governments or not in Turkey,
• 10:54
  Speaker 4: and I know you and I certainly have a great
• 10:56
  Speaker 4: doubts about the Turkish government, but that's not the issue.
• 10:58
  Speaker 4: The issue is you need to be consistent. There's no
• 11:01
  Speaker 4: room for violence in Australia. Groups that use political violence
• 11:04
  Speaker 4: to achieve their ends like these vandalism, graffiti, sub terrorist
• 11:09
  Speaker 4: attacks burning cars in Willara yes last night, need to
• 11:14
  Speaker 4: be treated consistently by the police. And I really think,
• 11:18
  Speaker 4: as I said in that almost the first day on
• 11:20
  Speaker 4: this station after October the ninth Opera House scenes, the
• 11:26
  Speaker 4: police are too weak and woke. The leadership in both
• 11:30
  Speaker 4: Victoria and New South Wales needs to tell the police
• 11:34
  Speaker 4: commissioners you have to arrest people. You have to stop
• 11:37
  Speaker 4: people harassing children outside the maya's windows, you have to
• 11:42
  Speaker 4: find the people who have burned these cars.
• 11:46
  Speaker 1: Well, you know people are going to say, people are
• 11:50
  Speaker 1: going to say, Michael that this is exaggerating, but I
• 11:53
  Speaker 1: think we do need to draw a line here. This
• 11:56
  Speaker 1: is an attack that was designed to spread terror, right
• 12:02
  Speaker 1: and it would have all those cars vandalize a terrorism attack,
• 12:09
  Speaker 1: call it a terrorism attack, and treat the perpetrators like that.
• 12:13
  Speaker 1: You might call them just vandals, treat us terrorism. And
• 12:16
  Speaker 1: I think we need to be much firm about this
• 12:18
  Speaker 1: and draw people together by ostracizing those who seek to
• 12:22
  Speaker 1: divide and the Jewish communicate.
• 12:25
  Speaker 4: Commend you Andrew on your expose of media watch last night.
• 12:30
  Speaker 4: What would the Dutch King and Prime Minister know compared
• 12:33
  Speaker 4: to Paul Barry about whether there's a program this is?
• 12:37
  Speaker 1: This is encouraging those even better than the Dutch king
• 12:41
  Speaker 1: who apologized Paul Barrys is God, Thank God has gone.
• 12:46
  Speaker 1: Michael Nanby, thank you so much for your time. Well,
• 12:52
  Speaker 1: the alarm bells, by the way, should be absolutely ringing
• 12:55
  Speaker 1: right now. This Albanizi government has seen its screen schemes
• 13:00
  Speaker 1: collapsing right invest is walking away and in desperation today
• 13:04
  Speaker 1: announced it's going to loot the nationals our Nation's super fund.
• 13:11
  Speaker 1: It's going to bet that money meant to pay for
• 13:15
  Speaker 1: public servants pensions. It's going to bet some of that
• 13:18
  Speaker 1: on net zero and it's net zero scheme. Treasure Jim
• 13:22
  Speaker 1: Chalmers said, it's changing the mandate the rules for this
• 13:25
  Speaker 1: Future Fund are two hundred and thirty billion dollar investment fund.
• 13:31
  Speaker 1: This actually meant to earned as much as possible to
• 13:34
  Speaker 1: pay for the unfunded super public servants. He wants to
• 13:39
  Speaker 1: change it so that it will now look at an
• 13:43
  Speaker 1: investment and think green. Hm, we should have more of
• 13:46
  Speaker 1: that money invested in green schemes.
• 13:52
  Speaker 3: We have said to the Future Fund, and we've worked
• 13:54
  Speaker 3: with them closely behind the scenes before this announcement today
• 13:57
  Speaker 3: to make sure that where they are weighing up investments
• 14:00
  Speaker 3: which have similar rates of return and similar risk profiles,
• 14:04
  Speaker 3: that it would be in Australia's interest to make sure
• 14:06
  Speaker 3: we're continuing to build housing stock, we're continuing to get
• 14:08
  Speaker 3: the energy transformation right, and we're hardening our infrastructure.
• 14:12
  Speaker 1: Jim Travis is don't worry. You know, the futurent' is
• 14:16
  Speaker 1: still going to make the same money. It's just saying,
• 14:18
  Speaker 1: you know, the same return. If you've got two options,
• 14:20
  Speaker 1: go the green one, but this, you know, the opposite.
• 14:24
  Speaker 1: Has been really fuming today, But I've got to say
• 14:28
  Speaker 1: that this socialist approach was always going to come. Charmers
• 14:33
  Speaker 1: warned of this. He wrote in a much mocked essay
• 14:36
  Speaker 1: a couple of years ago about how he was going
• 14:39
  Speaker 1: to rescue capitalism after the pandemic. He wrote that how
• 14:44
  Speaker 1: do we build this more inclusive and resilient economy, increasingly
• 14:48
  Speaker 1: powered by cleaner and cheaper energy, with a new values
• 14:52
  Speaker 1: based capitalism for Australia Jim Chalmers capitalism where what he
• 14:59
  Speaker 1: really means is that the the government decides, not you,
• 15:01
  Speaker 1: The government decides where your money gets invested were actually
• 15:05
  Speaker 1: spent now. The two previous chairmen of this Future fund,
• 15:10
  Speaker 1: former top banker David Murray and former treasure of Peater Castello,
• 15:13
  Speaker 1: they would never have agreed to this. In fact, both
• 15:17
  Speaker 1: today lashed Costello, who actually created this fund set it
• 15:20
  Speaker 1: up when he was the nation's treasurer, said it would
• 15:24
  Speaker 1: now be used as a political slush fund and would
• 15:27
  Speaker 1: lose money. But today the chairman of this Future Fund
• 15:31
  Speaker 1: is Greg Combey, the former Labor Environment Minister, the man
• 15:37
  Speaker 1: who gave us the carbon tax, and he has been
• 15:40
  Speaker 1: all for using this money. He once said we need
• 15:43
  Speaker 1: this green investment.
• 15:46
  Speaker 5: Hundreds of billions of dollars in investment will be needed
• 15:49
  Speaker 5: to achieve net zero green hydrogen, green metals, green manufacturing.
• 15:55
  Speaker 5: There are opportunities like this in other industrial regions around
• 15:59
  Speaker 5: the country.
• 16:00
  Speaker 1: They heard the problem. They're already if this guys now
• 16:03
  Speaker 1: are going to be investing in the nation savings on
• 16:05
  Speaker 1: green schemes because that first so called opportunity he mentioned
• 16:09
  Speaker 1: green hydrogen, that's actually a disaster. Now the government says, yes,
• 16:14
  Speaker 1: green hydrogen, that's exactly what we want to gas made
• 16:16
  Speaker 1: by pumping huge amounts of wind solar power through water.
• 16:19
  Speaker 1: That is our big hope.
• 16:21
  Speaker 6: Our green hydrogen future is fundamental to that clean energy future.
• 16:26
  Speaker 1: But beg energy companies like Original Woodstun Andrew Forrest Fortest
• 16:30
  Speaker 1: you that is walked away from this government's planned hydrogen
• 16:34
  Speaker 1: hub saying is just too expensive to make work. And
• 16:38
  Speaker 1: so you know, there it goes. You see the problem.
• 16:42
  Speaker 1: As soon as you base investment decisions on green dreams
• 16:46
  Speaker 1: and unproven technologies that you'd really love to be true,
• 16:50
  Speaker 1: you risk chasing dreams are not dollars. Well joining me
• 16:55
  Speaker 1: is a former chairman of that future fund that the
• 16:58
  Speaker 1: government wants to loot and murry he murray, thanks for
• 17:02
  Speaker 1: your time, last treasure ahead of the future Fund. Peter
• 17:07
  Speaker 1: Costello's called this move a political slush fund. What's your
• 17:12
  Speaker 1: reaction to the government's plan.
• 17:15
  Speaker 7: Well, that's exactly what this move of the government makes
• 17:19
  Speaker 7: the Future Fund appear to be. It was never the
• 17:24
  Speaker 7: subject of politicization of its investments. It allows the government
• 17:30
  Speaker 7: to invest in its own public projects off the budget,
• 17:37
  Speaker 7: and that's not a good thing for the transparency of
• 17:42
  Speaker 7: the Future Fund, it's not a good thing for their
• 17:45
  Speaker 7: long term returns, and it undos all the work that
• 17:53
  Speaker 7: we put in since two thousand and six to get
• 17:56
  Speaker 7: this set up with a fantastic international reputation.
• 18:01
  Speaker 1: Now, the Treasurer today did say you're wrong when you
• 18:04
  Speaker 1: say that the returns will fall as a result. Here is.
• 18:10
  Speaker 8: But David Murray is not on this occasion correct. He
• 18:14
  Speaker 8: is factually wrong to make the comments that he is making.
• 18:17
  Speaker 8: Fund will be required to consider the national priorities in
• 18:20
  Speaker 8: its investment decisions where possible, where appropriate and consistent with
• 18:24
  Speaker 8: strong returns.
• 18:27
  Speaker 1: So is the Treasurer right? The Future Fund can have
• 18:31
  Speaker 1: its cake and still leader can go green and still
• 18:33
  Speaker 1: make money.
• 18:37
  Speaker 7: Well, it depends what the purpose of the investment is.
• 18:41
  Speaker 7: For example, if a government were to invest in infrastructure
• 18:47
  Speaker 7: that is expensive to build and does not make an
• 18:50
  Speaker 7: apparent return in its own right, but on the other hand,
• 18:54
  Speaker 7: makes a fantastic contribution to productivity and tax revenue in
• 18:59
  Speaker 7: the future, then those returns come back to the taxpayers.
• 19:04
  Speaker 7: But that is not what the Future Fund is about,
• 19:06
  Speaker 7: because investments of that nature will distort the asset allocation.
• 19:12
  Speaker 7: They create illiquidity in those types of investments because they
• 19:15
  Speaker 7: are very long term, and the Future Fund already has
• 19:19
  Speaker 7: a dynamic asset allocation policy which has stood it in
• 19:23
  Speaker 7: good stead for all its years. This will distort the
• 19:27
  Speaker 7: asset allocation and therefore must distort the returns. So to
• 19:31
  Speaker 7: ask the Future Fund to do this but not change
• 19:34
  Speaker 7: the return target just does not make sense.
• 19:39
  Speaker 1: David, here's my problem with this, right, we've seen so
• 19:43
  Speaker 1: many green schemes go belly up. They've sold this big stuff,
• 19:46
  Speaker 1: the government's hydrogen plans right now, a lot of investors
• 19:49
  Speaker 1: suddenly walking away from it after saying this was the future,
• 19:52
  Speaker 1: even Andrew Forrest. The problem I get with this the
• 19:56
  Speaker 1: green dream, is that it seems to distort people's thinking
• 20:01
  Speaker 1: that they know that it gets more confused about the
• 20:05
  Speaker 1: money value looking at it hard, the hard, cold cash
• 20:10
  Speaker 1: of the thing is that your problem too, that salvation
• 20:13
  Speaker 1: seekers shouldn't be let anywhere near a Future Fund.
• 20:18
  Speaker 7: Well, exactly, because it confuses the purpose of the fund,
• 20:24
  Speaker 7: puts the board in an impossible position on calculating the
• 20:29
  Speaker 7: optimum asset allocation and achieving their target. These type of
• 20:33
  Speaker 7: investments should be in the public sector, and then they
• 20:37
  Speaker 7: must be subject to public scrutiny through cost benefit analysis.
• 20:43
  Speaker 7: When governments start to invest this way, doesn't it indicate
• 20:47
  Speaker 7: really that they're not prepared to go through the process
• 20:50
  Speaker 7: of a public cost benefit analysis.
• 20:55
  Speaker 1: That's a very good point. And finally, what do we
• 20:59
  Speaker 1: actually what is ament actually gambling with you? This future
• 21:02
  Speaker 1: fund and all these billions? How important is it and
• 21:07
  Speaker 1: how bad is it if it goes wrong?
• 21:10
  Speaker 7: Well, Peter Costello set this up because the government had
• 21:14
  Speaker 7: significant liabilities not just in unfunded public pension schemes, but
• 21:22
  Speaker 7: in other areas, including things like you know, defaults on
• 21:26
  Speaker 7: hex or whatever's in their own government portfolio. But he,
• 21:32
  Speaker 7: having got rid of all of the debt, Peter then
• 21:35
  Speaker 7: wanted to cover these types of liabilities with a fund
• 21:39
  Speaker 7: like this. It is not a pension fund in its
• 21:41
  Speaker 7: own right. It is just a savings fund that's set
• 21:45
  Speaker 7: up for future generations. Now, once you start tinkering with it,
• 21:51
  Speaker 7: the whole notion of its independence of its performance falls
• 21:56
  Speaker 7: into disrepair. And the Future Fund has been incredibly well
• 22:00
  Speaker 7: regarded internationally for what it's achieved and for the structure
• 22:04
  Speaker 7: and the nature of its purpose and objective return objective.
• 22:11
  Speaker 7: So this starts to undo all of that. And you know,
• 22:16
  Speaker 7: if the government was honest that have taken the money
• 22:18
  Speaker 7: out of the Future Fund and invested it in their
• 22:20
  Speaker 7: projects and being honest with the with the electorate about
• 22:25
  Speaker 7: why these investments are important.
• 22:29
  Speaker 1: David Murray, great to talk to you. Thank you so
• 22:31
  Speaker 1: much for your time.
• 22:33
  Speaker 7: Thank you, Andrew.
• 22:36
  Speaker 1: After the break, Barnaby Joyce treasure Jim Chamas says I
• 22:45
  Speaker 1: should trust him, but I can't. I can't, I can't win.
• 22:48
  Speaker 1: Thomas now tells us that the Future Fund, which be
• 22:52
  Speaker 1: to invest all the super money degree in schemes, it'll
• 22:56
  Speaker 1: be okay, it must and will still make money, even
• 23:00
  Speaker 1: though is now telling it invests green. No, there's something
• 23:05
  Speaker 1: about green proches, you see that makes politicians seem to
• 23:08
  Speaker 1: lose all economic sense. That's why so many of those
• 23:11
  Speaker 1: schemes go wrong. I mean, it's just incredible. The snow
• 23:14
  Speaker 1: Pompado scheme, just for some Malcolm Turbule swore it would
• 23:17
  Speaker 1: cost just two million dollars. Malcolm Turble supposed to need
• 23:20
  Speaker 1: a millionaire but good with money turns out not two million,
• 23:24
  Speaker 1: two billion, twelve billion dollars plus extra for the wires,
• 23:28
  Speaker 1: all those other projects that blew out, the wave generators
• 23:31
  Speaker 1: that sank. For heaven's sake, the role out of wind
• 23:34
  Speaker 1: farms is waveyard. No, it's like Mark Knight puts in
• 23:37
  Speaker 1: the Herald Sun tomorrow. This is just Jim Charmers raiders
• 23:42
  Speaker 1: of the Future Fund at the moment, join me this
• 23:45
  Speaker 1: national front bench of Barnaby Joyce is the former Deputy
• 23:47
  Speaker 1: Prime Minister, Bunnaby Joyce. Great to see you again. What
• 23:51
  Speaker 1: do you make of the Treasurer telling the Future Fund,
• 23:53
  Speaker 1: which has got two hundred and thirty billion dollars of
• 23:56
  Speaker 1: public servance pension money basically that it should invest more
• 24:01
  Speaker 1: in the government's green priorities.
• 24:05
  Speaker 9: Well, Andrew, let's go through this. So now we have
• 24:10
  Speaker 9: these you know, this is all about interimendent power swindle
• 24:13
  Speaker 9: factories renewables. So now we have these swindle factories getting
• 24:17
  Speaker 9: renewable energy credits, power purchasing agreements, pass the investment schemes,
• 24:24
  Speaker 9: the secret investment where the taxpayer underwrites them where they
• 24:28
  Speaker 9: make power or not, the taxpayer paying for the transmission lines,
• 24:33
  Speaker 9: the taxpayer paying for pomp Hydro. Then we have the
• 24:37
  Speaker 9: pension has been put into poverty, sending Australians into destitution
• 24:41
  Speaker 9: by reason of this belief in the cult. You know,
• 24:43
  Speaker 9: there's following of the interimendate cult.
• 24:46
  Speaker 1: But that's not enough. There's more that needs to be
• 24:49
  Speaker 1: done to us.
• 24:50
  Speaker 9: So now they're reaching into the through the Biggie Bank,
• 24:54
  Speaker 9: the money that's actually been put aside to cover the
• 24:57
  Speaker 9: superinnuation of public servants as for one, and saying, well,
• 25:02
  Speaker 9: this thing is so markedly pure, it stands up so
• 25:05
  Speaker 9: cheap that we now we have to reach into the
• 25:07
  Speaker 9: savings of the Australian taxpayer and pay them, from the
• 25:10
  Speaker 9: savings in the Australian taxpayer, even more money, because we've
• 25:13
  Speaker 9: got to make sure these billionaires just make more and
• 25:16
  Speaker 9: more billions of dollars and of course intimate powers. We
• 25:19
  Speaker 9: all know it does not work, and sooner or later
• 25:23
  Speaker 9: the epiphany has to be happened, happened to all Australians
• 25:27
  Speaker 9: led by what's happening in this building, to realize that
• 25:31
  Speaker 9: we are destroying our economy, losing our savings, smashing our land,
• 25:36
  Speaker 9: driving pensioners into poverty for the sake of intimittate power,
• 25:41
  Speaker 9: and overseas multinationals and billionaires.
• 25:44
  Speaker 1: I just don't get this. Well, I get that it's stupid,
• 25:47
  Speaker 1: but I don't get why they don't think it is
• 25:50
  Speaker 1: but to be on a because they're in a cult.
• 25:53
  Speaker 9: You know, people in a cult. Never people in a
• 25:55
  Speaker 9: cult don't realize they're in a cult. They just rah
• 25:57
  Speaker 9: rah to the good rather the guru.
• 26:00
  Speaker 1: That's what happens to Coults people in the cult. The
• 26:05
  Speaker 1: rest of us are the crazy ones. But baaby, I
• 26:07
  Speaker 1: had a one hundred percent guaranteed reliable source who's been
• 26:13
  Speaker 1: in Donald Trump's home and tells me they were told
• 26:16
  Speaker 1: by one of Donald Trump's very top advisors that our
• 26:20
  Speaker 1: ambassador Kevin Rudd has been ringing and ringing and trying
• 26:23
  Speaker 1: to get through the Trump to reach out to him
• 26:25
  Speaker 1: and his team, and they're turning him away. Now. I
• 26:28
  Speaker 1: wish I could give you the names, but I am
• 26:30
  Speaker 1: absolutely convinced that Rudd is getting the cold shoulder for
• 26:35
  Speaker 1: having called Trump the village idiot, a nut, and a
• 26:38
  Speaker 1: trader to the West without ever apologizing how much long
• 26:41
  Speaker 1: do you think before the Prime mineceess to replace him?
• 26:45
  Speaker 9: Well, it looked they should have had the quiet conversation
• 26:50
  Speaker 9: where Kevin himself says, you know, I've done my work
• 26:53
  Speaker 9: here has done It's all complete, perfect, and I'm getting
• 26:57
  Speaker 9: back on a plane to become the end ambassador to
• 27:01
  Speaker 9: the United Nations, or to France, or I don't know, Canada, Fiji, somewhere.
• 27:08
  Speaker 1: But it's not working there.
• 27:09
  Speaker 9: And the more, unfortunately, this is at a level where
• 27:14
  Speaker 9: most people just don't really care about who the ambassador
• 27:17
  Speaker 9: to the United States is.
• 27:18
  Speaker 1: They're worried about their cost of living.
• 27:20
  Speaker 9: But those it does scream at the competency of the
• 27:23
  Speaker 9: Prime Minister not being able to read the tea leaves
• 27:26
  Speaker 9: and make the adroit changes for a more appropriate person
• 27:30
  Speaker 9: to be in that place, and they have done in
• 27:32
  Speaker 9: the past. Can be he was a very good ambassador,
• 27:35
  Speaker 9: but there must be better candidates out there who could
• 27:39
  Speaker 9: do this job. In fact, they're most definitely are and
• 27:44
  Speaker 9: Albanize he's sticking with him, is you know you know
• 27:48
  Speaker 9: it just it screams it's gone from the issues about
• 27:51
  Speaker 9: Kevin to the issues about Anthony and his capacity to
• 27:55
  Speaker 9: read the Tea leaves and be discerning enough to make
• 27:58
  Speaker 9: the change which he's shown he is not.
• 28:02
  Speaker 1: Well. Let me say again, and this isn't my source.
• 28:05
  Speaker 1: Let me say again. Gina Ronhardt has been by Trump's
• 28:09
  Speaker 1: side a number of times. He respects her. I don't
• 28:13
  Speaker 1: know why we don't do the American thing and important
• 28:16
  Speaker 1: a point serious business people to some of these positions
• 28:19
  Speaker 1: who have got the contact. But she'd open get his
• 28:21
  Speaker 1: door open anytime.
• 28:23
  Speaker 9: You know, you mean like you mean like having seen
• 28:28
  Speaker 9: military people as the Minister of Defense, and senior doctors
• 28:31
  Speaker 9: as Minister for Health, and maybe professors if there are
• 28:35
  Speaker 9: any from the right as Minister ed Andrew. That's crazy,
• 28:38
  Speaker 9: what a crazy it is. But Farman's crazy stuff. I
• 28:42
  Speaker 9: don't know what I'm doing.
• 28:44
  Speaker 1: Scrub that. I'll get this just cut out. Yeah, you
• 28:48
  Speaker 1: won't see this on YouTube. This this is going to
• 28:50
  Speaker 1: get to cut out now, Barnaby. I must have missed
• 28:54
  Speaker 1: the train, you know. I see the coalition, I see
• 28:58
  Speaker 1: the government, I see my news paper group, all of
• 29:01
  Speaker 1: you backing what now looks like going through Parliament maybe
• 29:04
  Speaker 1: as soon as next week. A ban on children under
• 29:07
  Speaker 1: sixteen getting onto the six big social media sides TikTok, Facebook, Snapchat, Reddit,
• 29:13
  Speaker 1: x and Instagram. And if they do get on, there's
• 29:16
  Speaker 1: no punishment of their parents. Oh no, even if the
• 29:19
  Speaker 1: parents help them on. But there is a fine of
• 29:22
  Speaker 1: up to fifty million dollars for the social media platforms
• 29:26
  Speaker 1: if they don't have a strong sign in rule to
• 29:29
  Speaker 1: stop all this happening. Here is the Communications Minister today.
• 29:33
  Speaker 10: This consent must be voluntary, informed, current, specific and unambiguous.
• 29:39
  Speaker 10: This is an elevated requirement that precludes platforms from seeking
• 29:43
  Speaker 10: consent through pre selected settings or opt outs. In addition,
• 29:48
  Speaker 10: once the information has been used for age assurance or
• 29:51
  Speaker 10: any other agreed purpose, it must be destroyed by the platform.
• 29:57
  Speaker 1: Are you comfortable with this ban on children? I mean
• 29:59
  Speaker 1: young teenage is even accessing social media?
• 30:02
  Speaker 11: Ban me?
• 30:04
  Speaker 1: Well, I am so there you go.
• 30:08
  Speaker 9: I'll tell you why, because I've had six kids and unfortunately,
• 30:12
  Speaker 9: I've seen the deliterious effects of a person to person intimidation,
• 30:17
  Speaker 9: destruction and to say, oh, well, you just take them off,
• 30:21
  Speaker 9: it's like saying you take them off an addiction.
• 30:24
  Speaker 1: It gives them an.
• 30:25
  Speaker 9: Endorphin kick in the worst possible form, and they fight
• 30:29
  Speaker 9: the fandom and it can really lead to very very
• 30:33
  Speaker 9: serious outcomes, and I wish and I've been on this
• 30:37
  Speaker 9: for ages. In fact, it's it's the reason I went
• 30:39
  Speaker 9: to the United States to talk to senior senators there
• 30:42
  Speaker 9: about this. It is with the capacity of the platform
• 30:46
  Speaker 9: to deal with it. With the use of such things
• 30:47
  Speaker 9: as AI, they can find one person, usually a fantom,
• 30:51
  Speaker 9: saying to a young girl, let's call for what it
• 30:53
  Speaker 9: is generally is you've fat, so and so you should
• 30:56
  Speaker 9: go kill yourself. You're nothing but a pig. Look at
• 30:59
  Speaker 9: your thighs, look at your legs. And for certain people
• 31:03
  Speaker 9: that gets inside their head and it works, and it's
• 31:06
  Speaker 9: just it's it's as destructive as belting them with a
• 31:10
  Speaker 9: steel pipe. I really mean that. And so parents say,
• 31:14
  Speaker 9: we need this fixed, and any person who's had children
• 31:19
  Speaker 9: in that space has had to deal with it. Once
• 31:22
  Speaker 9: this dealt with Now there is the capacity in the WIT,
• 31:26
  Speaker 9: I believe, for mister Zuckerberg and Bezos to not need
• 31:29
  Speaker 9: us and to be able to do this, to just
• 31:31
  Speaker 9: look at the analytics of the conversation that goes between
• 31:35
  Speaker 9: without any person looking at it and saying you fat
• 31:37
  Speaker 9: and I hate you, go kill it. Hang on, mister
• 31:40
  Speaker 9: AI goes right, pull that conversation out what's going on
• 31:43
  Speaker 9: for and analyze it further and just say that person, bang,
• 31:47
  Speaker 9: switch off. But I've got no problem all read I
• 31:53
  Speaker 9: read this.
• 31:55
  Speaker 1: Changing the Yeah, but you're talking about changing the algorithms.
• 32:00
  Speaker 1: I'm talking about a ban. But I'm sure in favorable
• 32:03
  Speaker 1: you just said. But yeah, Look, I just think there
• 32:06
  Speaker 1: should have been more about doing it. Look accept I'm
• 32:09
  Speaker 1: in the minority, and Barnaby, you put a compelling case.
• 32:12
  Speaker 1: Thank you very much for your time, my pleasure after
• 32:17
  Speaker 1: the breaking extraordine. Just look at the money we're wasting
• 32:22
  Speaker 1: at the latest United Nations Climate Conference and the ludicrously
• 32:26
  Speaker 1: woke politics from the people the government has sent right
• 32:30
  Speaker 1: there to what's really a giant circus for activists from
• 32:34
  Speaker 1: around the world. So what arounding Minister Chris Bowen and
• 32:41
  Speaker 1: his fellow climate crusader is up to over Azerbaijan at
• 32:44
  Speaker 1: the United Nations Climate Change Conference. There well be worried
• 32:50
  Speaker 1: or laugh. For one, Bowen has promised to give other
• 32:54
  Speaker 1: countries at least fifty million dollars more of your money.
• 32:58
  Speaker 1: And then there's this climate change ambassador. I don't even know,
• 33:00
  Speaker 1: we didn't even know we had one, you know, now
• 33:02
  Speaker 1: she reveals this climate conference is not just about giving
• 33:06
  Speaker 1: away an astonishing amount of your money, but about spreading
• 33:09
  Speaker 1: the whole woke agenda, identity, politics and all.
• 33:14
  Speaker 12: Australia is in a great position to continue to provide
• 33:17
  Speaker 12: increase in climate finance to support developing countries. We have
• 33:21
  Speaker 12: doubled our existing commitment and are on track to deliver
• 33:25
  Speaker 12: three billion dollars in climate finance between twenty twenty and
• 33:29
  Speaker 12: twenty twenty five. Of course, outside the negotiations, we're hosting
• 33:33
  Speaker 12: a range of events here at the Australian Pavilion, covering
• 33:36
  Speaker 12: important topics such as gender first nations, contributions, using trade
• 33:41
  Speaker 12: to drive climate outcomes, and hosting the Net Zero Industry
• 33:45
  Speaker 12: Awards for twenty twenty four.
• 33:47
  Speaker 1: You hear that Climate change ambassador talking there about the
• 33:50
  Speaker 1: Australian Pavilion that they've built with your money at this
• 33:53
  Speaker 1: climate conference. So let me show you the opening session.
• 33:56
  Speaker 1: Three Australian speakers and only five people in the audience,
• 34:01
  Speaker 1: and they were given more absurd or digity policies. We
• 34:04
  Speaker 1: look so stupid even acknowledgement of country, even though this
• 34:08
  Speaker 1: meeting is at the other side of the planet.
• 34:12
  Speaker 13: To the opening panel, session of the Australian Pavilion. My
• 34:17
  Speaker 13: name is Claire Anderson. I'm the group director of Sustainability
• 34:20
  Speaker 13: Performance at Walley and I'm very delighted to be here
• 34:25
  Speaker 13: today and to start, I might whilst we're not on
• 34:30
  Speaker 13: Australian lands, I'd still like to start with acknowledging the
• 34:34
  Speaker 13: traditional owners of Australia and the Torres Strait Islands and
• 34:37
  Speaker 13: pay my respects to their eldest past president and emerging.
• 34:43
  Speaker 1: I wonder if there were any traditional owners there to
• 34:46
  Speaker 1: hear that lovely message. Can you imagine the money would
• 34:49
  Speaker 1: save if we had a Prime minister just called time
• 34:50
  Speaker 1: inless nonsense, You're not going cut that out off. But
• 34:54
  Speaker 1: there's Bowen over there with our money in his pocket,
• 34:57
  Speaker 1: and so many activists want him to suspend it that
• 35:00
  Speaker 1: the line of them stretched from one end of the
• 35:02
  Speaker 1: conference center to the next in this Gimme cash frenzy.
• 35:08
  Speaker 1: Really joining me is Stephen Gorham, executive director of the
• 35:11
  Speaker 1: Climate Science Coalition of America and an advisor to the
• 35:14
  Speaker 1: Heartland Institute. His nice book is Green Breakdown The Coming
• 35:18
  Speaker 1: Renewable Energy Failure. Steve Garham, thank you so much for
• 35:23
  Speaker 1: your time. It's great to see you again. Who are
• 35:26
  Speaker 1: all these delegates over there?
• 35:30
  Speaker 11: Andrew at a COP twenty nine, there are something like
• 35:32
  Speaker 11: sixty seven thousand delegates from all.
• 35:36
  Speaker 7: Over the world.
• 35:37
  Speaker 11: And by the way, this is one of the biggest
• 35:40
  Speaker 11: carbon dioxide emitting events of the year. They fly from
• 35:44
  Speaker 11: all over and they use private and public jets and
• 35:49
  Speaker 11: limousines and all sorts of things. And then they flight
• 35:51
  Speaker 11: of Baukhu, which was originally where the first oil dereks
• 35:56
  Speaker 11: were drilled. And if you drive around there, I understand
• 35:58
  Speaker 11: there are just pumps every so it's it's a bit
• 36:02
  Speaker 11: of an erotic sort of an event.
• 36:06
  Speaker 1: But I guess you know, when you've got a close
• 36:09
  Speaker 1: to what's a dictatorship there, it makes it all very
• 36:11
  Speaker 1: easy to It all runs quite smoothly. No one's going
• 36:14
  Speaker 1: to say no to the dictator. So that's that bits
• 36:17
  Speaker 1: good I guess for them. Look, the only thing I've
• 36:21
  Speaker 1: know of note that I've seen coming out of this, Steve,
• 36:24
  Speaker 1: and tell me if you've spotted something else, is this
• 36:28
  Speaker 1: demand by China and more than one hundred and thirty
• 36:32
  Speaker 1: other countries. They're underdeveloped ones for the West countries like
• 36:36
  Speaker 1: yours and mine to pay them one point eight trillion
• 36:41
  Speaker 1: dollars a year Australian money to supposedly fight global warming.
• 36:45
  Speaker 1: What are you expecting out of this?
• 36:49
  Speaker 11: Yeah, they have a new thing called a new collective
• 36:52
  Speaker 11: quantified goal to take money from the wealthy nations and
• 36:56
  Speaker 11: give it to the developing nations. And I do classify
• 36:59
  Speaker 11: Indian chain as developing nations, which is pretty remarkable. Not
• 37:04
  Speaker 11: too many people want to do this. They've also proposed
• 37:06
  Speaker 11: taxing everyone, all of the oil and gas industries. They've
• 37:11
  Speaker 11: proposed taxing airlines, they proposed taxing the wealthy so that
• 37:16
  Speaker 11: they can raise all this money. It's a huge effort here,
• 37:20
  Speaker 11: and it is a lot A lot of groups are
• 37:24
  Speaker 11: pushing back against this.
• 37:28
  Speaker 1: The ones that would be paying it would have to
• 37:30
  Speaker 1: worked out that pro rata. Are talking Australian money again,
• 37:34
  Speaker 1: it's one and a half thousand dollars per man, woman
• 37:37
  Speaker 1: and child in the West. I don't know any government
• 37:40
  Speaker 1: that's going to be signing up to that. But I
• 37:41
  Speaker 1: can understand Steve why the Taliban thought it was worth
• 37:44
  Speaker 1: going to this Baku thing, because if they get a
• 37:48
  Speaker 1: slice of that, what might they make of it? But
• 37:50
  Speaker 1: I'll tell you what do all these conferences achieved. They
• 37:53
  Speaker 1: seem to me just a tin rattling exercise by poorer
• 37:57
  Speaker 1: countries the guilt of the West. It's given them free money.
• 38:00
  Speaker 1: What do they actually achieve for the climate?
• 38:03
  Speaker 11: Well, you're right, that's right. Many of these nations participate
• 38:07
  Speaker 11: to get money. That's their goal. But there has been
• 38:10
  Speaker 11: almost a no change. We've had COPS now Conference of
• 38:15
  Speaker 11: the Parties since nineteen ninety five. We've have twenty nine
• 38:19
  Speaker 11: of these. We have them just about every year. And
• 38:22
  Speaker 11: by the way, Australia is angling to host COP thirty
• 38:26
  Speaker 11: one and they're battling it out with Turkey right now,
• 38:29
  Speaker 11: so they want to make a real good showing at
• 38:31
  Speaker 11: COP twenty nine here. But you're right, if you look
• 38:35
  Speaker 11: at at is what has happened. We have had a
• 38:40
  Speaker 11: world CO two emissions and energy consumption have been rising
• 38:44
  Speaker 11: steadily since nineteen sixty five. There really is except for
• 38:51
  Speaker 11: the COVID year twenty twenty, there's been no reduction in
• 38:55
  Speaker 11: CO two emissions. Energy consumption is up about about fifty
• 38:59
  Speaker 11: percent sent since the year two thousand and it's going
• 39:02
  Speaker 11: to continue to rise. And then if you look at
• 39:05
  Speaker 11: the world's share of energy according to the International Energy
• 39:09
  Speaker 11: Agency eighty one percent of the world's energy still comes
• 39:14
  Speaker 11: from a coal, gas, and oil, and that's the same
• 39:18
  Speaker 11: as it was in nineteen ninety nine, despite the fact
• 39:21
  Speaker 11: that the world has had all of these conferences twenty
• 39:24
  Speaker 11: nine of them and spent more than five trillion dollars
• 39:27
  Speaker 11: unrenewable So it really isn't having any effect. You really
• 39:32
  Speaker 11: should be calling this a failure.
• 39:36
  Speaker 1: It may be a scam. In your latest book, Green Breakdown,
• 39:41
  Speaker 1: and we've talked about this that last summer you're on
• 39:44
  Speaker 1: your book, but you predicted the world is heading for
• 39:47
  Speaker 1: a renewable energy failure, you know, Steve. Since then, there
• 39:51
  Speaker 1: have been even more signs here that that is absolutely
• 39:54
  Speaker 1: going to be the case. I mean, we've got huge delays,
• 39:57
  Speaker 1: cost explosions in our renewable energy project. You've got invest
• 40:01
  Speaker 1: is now walking away from the government screen hydrogen schein.
• 40:04
  Speaker 1: Green hydrogen was this miracle fuel that was going to
• 40:07
  Speaker 1: get us out of the stoke. What signs do you
• 40:10
  Speaker 1: see of this breakdown?
• 40:13
  Speaker 11: Were there are many many signs. We're having wind turbines
• 40:17
  Speaker 11: that are are they can't get installed off the US coast.
• 40:21
  Speaker 7: We have.
• 40:23
  Speaker 11: A electric vehicle of kind of a big hiccup. This
• 40:27
  Speaker 11: last year, evy's have been losing share in the United
• 40:30
  Speaker 11: States and in Europe. We have If you look at
• 40:36
  Speaker 11: the renewable equipment stocks globally, they're doing very, very poorly.
• 40:41
  Speaker 11: There's an index called the Rennix Index r E n
• 40:44
  Speaker 11: I x X of the top thirty industrial green equipment
• 40:48
  Speaker 11: companies that is down from when it was formed about
• 40:52
  Speaker 11: two thousand and four. And at the same time, the
• 40:55
  Speaker 11: Standard and Poores five hundred is as quadrupled and Tesla
• 40:59
  Speaker 11: is those thirty companies that's become a trillion dollar company,
• 41:02
  Speaker 11: but the other twenty nine are doing terribly. All these
• 41:05
  Speaker 11: charging companies are losing money across the world. None of
• 41:08
  Speaker 11: them can break even. The top eight solar firms across
• 41:11
  Speaker 11: the world, most of those are Chinese, but their stocks
• 41:14
  Speaker 11: are losing value. I mean, just on and on, and
• 41:17
  Speaker 11: the financial organizations are realizing that there's just very poor
• 41:21
  Speaker 11: investment to go for these renewable companies. So there are
• 41:24
  Speaker 11: a lot of signs that this is about to collapse.
• 41:28
  Speaker 1: Well, if it wasn't for taxpayer money propping up a
• 41:31
  Speaker 1: lot of this effort, they'd be even in a worse situation.
• 41:34
  Speaker 1: But there it is is a big taxpayer money drain.
• 41:37
  Speaker 1: And thank you very much for what you've done to
• 41:39
  Speaker 1: try and to highlight this. Steve Goran, thank you so
• 41:41
  Speaker 1: much for your time.
• 41:44
  Speaker 11: Thank you Andrew.
• 41:46
  Speaker 1: After the break, the Victorian government starts its treaty negotiations
• 41:50
  Speaker 1: with a group representing they say Aborigins. You will not
• 41:53
  Speaker 1: believe what's on the agenda. Yes, last year we voted
• 42:02
  Speaker 1: no to dividing us by race, but Victoria's labor government
• 42:05
  Speaker 1: today launched treating negotiations with people who didn't find as
• 42:07
  Speaker 1: Aboriginal and launched it with a lie.
• 42:11
  Speaker 14: Today is an historic day, an historic day for our state,
• 42:16
  Speaker 14: for our strong Victorian community, and it's historic because we're
• 42:20
  Speaker 14: about to embark on treaty negotiations will make our strong
• 42:24
  Speaker 14: state even stronger, even fairer, even more equal.
• 42:31
  Speaker 1: More equal. How do us giving one group more power
• 42:33
  Speaker 1: and public land on the basis of the race make
• 42:35
  Speaker 1: us more equal? So what's the government thing of giving
• 42:39
  Speaker 1: the more land extra political rights? And Premier, you won't.
• 42:41
  Speaker 14: Say I'm not going to rule things in or out
• 42:44
  Speaker 14: here today we will have those negotiations at the table
• 42:48
  Speaker 14: that I can confirm in terms of what I can
• 42:51
  Speaker 14: confirm will be. One of the key items that can
• 42:54
  Speaker 14: be discussed is the representative body, but.
• 42:58
  Speaker 1: The first People's Assembly that's negotia in this treaty, despite
• 43:02
  Speaker 1: being elected by just ten percent of Victorian Aborigines. Says
• 43:05
  Speaker 1: they're looking at things like getting power of what's taught
• 43:08
  Speaker 1: in schools, plus earlier access to seniors cards for Aborigines,
• 43:13
  Speaker 1: earlier than for people of any other race. So how
• 43:15
  Speaker 1: does that make us more equal? Joining mister Panell, James
• 43:18
  Speaker 1: Ferson from the late debate here in sky News Anevelyn
• 43:21
  Speaker 1: Ray Farmer form of policeman and sky News regular James,
• 43:25
  Speaker 1: a treaty to give people of just one race all
• 43:27
  Speaker 1: these extra things good idea are bad.
• 43:30
  Speaker 6: It's a terrible idea, Andrew. If you're going to start
• 43:32
  Speaker 6: treating different people differently on the basis of race, you've
• 43:36
  Speaker 6: got to have a good rationale for it. Fifty four
• 43:38
  Speaker 6: percent of Victorians said no to the voice just sent
• 43:41
  Speaker 6: to Alan talked and talked today, but still could not
• 43:44
  Speaker 6: really give an adequate explanation as to why we need
• 43:47
  Speaker 6: a treaty. I listened hard, and basically she said three things.
• 43:50
  Speaker 6: She said, because we need to listen. Well, you can
• 43:52
  Speaker 6: listen without a treaty. In fact, it's the job of
• 43:54
  Speaker 6: politicians to listen. Second, she said the experience of other
• 43:58
  Speaker 6: nations that have a treaty.
• 43:59
  Speaker 1: We'll look at New Zealand.
• 44:00
  Speaker 6: It's not going real well there.
• 44:02
  Speaker 12: And third she.
• 44:02
  Speaker 6: Said, we need a quality of outcomes, specifically in health, education,
• 44:07
  Speaker 6: incarceration rates, and life spans. Well, this is doomed to
• 44:11
  Speaker 6: failure because if you choose to live by a different
• 44:14
  Speaker 6: culture i e. Indigenous culture, which is fine, but you
• 44:18
  Speaker 6: can't expect Western cultural outcomes. So this is a fool's
• 44:21
  Speaker 6: errand which is just going to cost a lot of money.
• 44:24
  Speaker 6: The grab you played showed the Victorian PREMI saying over
• 44:27
  Speaker 6: and over this is an historic occasion. And I think
• 44:30
  Speaker 6: this has a lot more to do about mediocre politicians
• 44:33
  Speaker 6: looking for a moment in the sunshine and their moment
• 44:36
  Speaker 6: in history, rather than really making a difference in Aboriginal lives.
• 44:39
  Speaker 6: It will entrench division in our nation and for what
• 44:43
  Speaker 6: to make no discernible difference, But some politicians will be
• 44:46
  Speaker 6: able to say they did something historic.
• 44:50
  Speaker 1: Yes, graffiti in the history book, So Evelyn, what do
• 44:53
  Speaker 1: you make of it?
• 44:54
  Speaker 15: Look, I don't think any of this was ever about equality,
• 44:57
  Speaker 15: because all Australians have had a quality the under the law,
• 45:00
  Speaker 15: regardless of their family group, ethnicity or race, for such
• 45:04
  Speaker 15: a long time. I couldn't even recall a time in
• 45:06
  Speaker 15: my own existence where that wasn't the case. No, this
• 45:10
  Speaker 15: was always about special privilege, and what they are essentially
• 45:14
  Speaker 15: asking for is special treatment based on purely their race.
• 45:18
  Speaker 15: They just can't come out and say that, though, Andrews so,
• 45:21
  Speaker 15: because obviously that's the definition of racism. So what they
• 45:24
  Speaker 15: have to do is send in the trojan horse, and
• 45:27
  Speaker 15: the trojan horse in this case is white guilt. And
• 45:31
  Speaker 15: they spend a great deal of time and money trying
• 45:34
  Speaker 15: to convince the majority of Australians that they have inherited
• 45:38
  Speaker 15: some kind of guilt from their great great great I
• 45:40
  Speaker 15: can't even recount how many great grandparents, you know, back
• 45:45
  Speaker 15: it goes, and basically they've said, because of that, we've
• 45:48
  Speaker 15: inherited all of the guilt and the responsibility to make
• 45:52
  Speaker 15: that better. It's the oldest trick in the military book.
• 45:55
  Speaker 15: You divide and you conquer, you know that. And it's
• 45:58
  Speaker 15: about time politicians and Australians stop allowing that to happen
• 46:03
  Speaker 15: and burn the trojan horse before it comes into our gates.
• 46:09
  Speaker 1: Well, Everlyn's really right on. You know, this is part
• 46:12
  Speaker 1: of a wider wocal movement, James, dividing us into tribes,
• 46:16
  Speaker 1: into racist into genders, into religious identity, and it's so perverse.
• 46:22
  Speaker 1: Here's the latest ad, even for Jaguar, which once built
• 46:25
  Speaker 1: the most beautiful car ever made, the E type, but
• 46:29
  Speaker 1: somehow it's now forgotten what it's actually trying to sell.
• 46:31
  Speaker 1: I've looked at this, so you've got days, you got trains,
• 47:03
  Speaker 1: you got people of color. You didn't get a single
• 47:06
  Speaker 1: car in this ad, James.
• 47:09
  Speaker 6: And that's very instructive, Andrew, because Jaguar is not the
• 47:12
  Speaker 6: product that they're selling anymore. What they're selling, and the
• 47:16
  Speaker 6: designer of this ad admitted as much is diversity, equity
• 47:19
  Speaker 6: and inclusion, and if you'll include the player, if you'll
• 47:22
  Speaker 6: excuse the play on words, the Jaguar is just the vehicle.
• 47:25
  Speaker 6: It's not the product. The product is Dei. They're using
• 47:29
  Speaker 6: Jaguar to sell that. Unfortunately, no one's buying Dei anymore,
• 47:33
  Speaker 6: so no one will be buying Jaguars.
• 47:36
  Speaker 1: Whatever. And maybe a lot of people will go into
• 47:38
  Speaker 1: a Jaguar showroom and say you want to bucket of
• 47:40
  Speaker 1: equalty instead.
• 47:43
  Speaker 15: Look, I'm not convinced that Mercedes Benz or BMW you
• 47:47
  Speaker 15: don't have someone on the inside trying to hijack their sales,
• 47:50
  Speaker 15: because this is absolute suicide. I mean, how could you
• 47:54
  Speaker 15: be so stupid, especially with Trump two point zero error.
• 47:58
  Speaker 15: Literally America have said a resounding no to wokism and
• 48:03
  Speaker 15: they have shot themselves in the foot.
• 48:06
  Speaker 1: But every one of those people in that ad James
• 48:09
  Speaker 1: didn't look to me, not one of them as a
• 48:11
  Speaker 1: jenuine driver. I know.
• 48:13
  Speaker 6: Imagine creating an advertisement campaign which is specifically designed to
• 48:17
  Speaker 6: alienate your core customer base. That's exactly what they've done.
• 48:21
  Speaker 6: It's like they typed into AI, please produce a thirty
• 48:24
  Speaker 6: second commercial that will destroy our brand, and they did
• 48:28
  Speaker 6: a terrific job.
• 48:29
  Speaker 15: They're trying to break into the drag mark what it
• 48:31
  Speaker 15: looks like instead of cars.
• 48:33
  Speaker 1: Very good, very good, very good. Joseph First and Evan Ray,
• 48:39
  Speaker 1: thank you very much to you both. I had a
• 48:41
  Speaker 1: number of people saying where could I get the book
• 48:43
  Speaker 1: I discussed yesterday. The whole truth is that the whole
• 48:46
  Speaker 1: truth dot A you the whole truth one word, go
• 48:51
  Speaker 1: to the website. You can order that. That's it for
• 48:53
  Speaker 1: me sherry marks, and next good night,