guys' free 109 min film on Google Video
Mood:
specialTopic: nsw
govt
As indicated in this
profound film, staff of Enron (a US $65 billion corporation, 7th largest in the
USA, which went bankrupt in 24 days in 2002) were regarded as the "best and
brightest" in business. This has an eerie ring to it echoing a phrase for those
selected for the recent 2020 summit blessed by PM Rudd.
PM Rudd also as it
happens has endorsed the public energy sell off plan of the NSW Premier Morris
Iemma who is in China as we write presumably to further progress the $15
billion sale 'the best and brightest idea' he can come up with for future
governance of NSW! Enjoy (!?) the film. We will.
When you've digested that
"magic of the market" and "de-regulation", have a look at this 60 minutes plus
BBC doco on Youtube of the history of the public relations industry
based on the theories of psychoanalyst Freud. It's a cracker.
And if you are still up
for it this chestnut, less than one minute:
Carr dealing with China Inc as early as 2006 after 1997 defeat
Public energy sale plan in NSW: Comment on 'gullible' Gittins
Mood:
rushed
Topic: nsw govt
Costa
as NSW Treasurer correctly stated at the recent ALP conference
that Iemma won the "unwinnable" election, which conversely is another
way of saying Bob Carr left an indefensible NSW Premiership: A flaky
dishonest premiership that always wanted to privatise public energy
assets since 1997.
Yet
it's the same policy flake, ex premier, Macquarie Bank carpet bagger,
in Bob Carr who is still pushing the same spiv Labor agenda 10 years
later. And not declaring his financial conflict as often as not too on
'our' ABC. Such advisers are very unsafe for NSW Labor to place their
trust in. And much of the democratic institutions of NSW are a wake up to this reality. It's hardly a union monolith against public energy selloff. And it's going to get rough given the issues at stake: MP bullies 'reduced Lynda to tears'
The most influential press has been SMH's John Garnaut re China Inc stalking the $15 billion NSW public assets - see front pager last Friday -and Monday follow up: Looks to be offline, omitted from 8 day archive index, but here's a mention from the pay per view listing:
The same story runs in The Age under a very different headline spin:
[What is strange is that a May 15 story called Emboldened China won't be bullied by the West any more is
on the May 12 archive index (where the John Garnaut or Ross Gittins
story might be) and as best we can tell never appeared in the print
copy until today!]
Then combine with Gittins same Monday 12 May business press (again cutely omitted from the archive index but found here "Why the unions fight so hard to keep electricity publicly owned") in the SMH
that deplores alleged union feather nesting in the public energy
sector. True to his expertise he completely ignores the pressing
environmental dimension.
Gittins
says it's "gullible" to ignore this stodgy union inefficiency. Only we
saw the unions deliver on asbestos justice. We saw in late 2006 John
Robertson as chief of Unions NSW marching in alliance with the NSW
Conservation Council and the Rising Tide Coalition against global
warming on Ch31 community tv (we vetted the legals for the programme
too).
Then Garnaut junior points out China Inc's massive carbon emissions is so 20C political economy, but that (last paragraph p20)
Now who is being gullible Ross Gittins after reading that? SMH or the anti privatisation alliance including former Liberal Party NSW leader, ex navy man, Peter Debnam as reported here, and his own statement here?:
Call us economic nationalists but why don't you put those western biases aside and take defector Chen Yonglin's word that it is "suicide" to let China Inc/CPC exercise full influence here in Australia.
Don't
assume we are any different to Tibet, or East Turkistan, Burma, North
Korea. Believe Amnesty International not the Beijing Olympic Committee.
And the clues are Garnaut's own reportage anyway with this tickle up of an Australian mining house in China by the looks.
All this is true even as Garnaut junior is also right surely to say :
Notice
the same China Inc power company runs nuke reactors for energy
production but is well known as a dual use sector for weaponry in an
expanding military with eyes on Taiwan, the Pacific and Africa
resources.
And
NSW public energy assets are in the picture and you want to devolve all
that policy balance to a foreign investment review board and deal
Parliament out?
We
say get real and who exactly is gullible? The truth more likely is we
are seeing the beginnings of the transformation of the 20C political
economy into a 21C one with some major changes in priorities and true
representation of the public interest. It is increasingly clear Iemma
is from the last century.
Re: Carr dealing with China Inc
Why this concern about Chinese capitalists.
It has a racist smell.
Take note.
The REAL struggle is to head of privatisation by any foreign capitalist imperialists
Keeping things in an Australian states hands may be desirable as it avoids speculative looting of assets that were built up over generations.
If the states are really having economic difficulty, the Australian government should use its ”Futures Fund “ to nationalise the assets and protect the jobs of labour aristocrats.
But ,Should we get concerned about and do a scare mongering song and dance act, about ‘squinty eyed capital” as supposedly worse than say western imperialist capitals like Enrons , a company that caused much damage not only in California , but big damage in India and elsewhere in the third world .
Oh, but the the squinty eyed capitalists are bigger polluters of the world than the Yanks and the other imperialist countries like Oz who only consume the goodies. while leaving the vast -environmental and cheap labour costs in China.
We are all good greenies here.
The effect of waging a campaign against “squinty eyed capital” as a BOGEYMAN may end in paving the way for a more “acceptable takeover “by non-squinty eyed foreign vulture capitalists of the Enron type organised by the ‘Australian” holy dollar bank, where ex premier Bob Carr sits collecting consultants fees.
For these guys money has no smell, even” brown bag”money .
But bogeyman campaigns against” squinty eyed capital “may be useful to them.
energy insider in NSW whistleblower on 'deregulated market'
Energy industry whistleblower : 'evidence of a national market has largely disappeared'
Mood:
bright
Topic: nsw govt
We
received this correspondence late today from an industry insider. We
don't claim to have the technical ability to fully absorb this
information but we include the explanation by this whistleblower, who
appears to be totally contradicting Paul Keating's recent spin article
in the Sydney Morning Herald about the efficacy of a national
energy market, a topic of great interest to the NSW ALP caucus in their
meeting yesterday 6 May 2008.
Dear [SAM editor],
I read with relish your rejoinder to Kirk McKenzie in New Matilda - well said!
There
is so much bullshit written about how state ownership in NSW is keeping
the price of electricity high and how a free market would bring prices
down.
The attached charts plot electricity pool prices, state against state, for NSW, Victoria and Queensland.
If
there really were a national market for electricity each plot would be
a diagonal line through the origin with just a few excursions when
there were transmission constraints between the states. There is
evidence for the operation of a national market some of the time such
as in 2001, but in recent years that has largely disappeared.
It
has also been claimed that NSW prices are too high compared with
Victoria, ostensibly on account of the lower efficiency due to
overmanning and poor work practices. The chart give the lie to this
also. In 2006 the average pool price in NSW was $3.12 lower than in
Victoria. In 2007 it
might have been $3.67 higher in NSW than
Victoria - but the average price in both states had doubled! So much
for the greater efficiency and competition in Victoria bringing down
the price of electricity. I am sure that production costs in each
state didn't double overnight.
In 2006 all the generators, both
state and private, were complaining that they were losing money hand
over fist. It looks to me like they finally stopped cutting each
others throats with their stupid bidding behaviour and
worked out how they can all make huge profits with the right bidding strategy.
All
of my data came from the NEMMCo website where it is freely available to
the public; all I have done is collated it and charted one state
against another with a logarithmic scale that shows the whole range of
bids to finally reveal what the hell is going on.
What we have
to remember too is that the average pool price will have to go $90 per
MWh for wind farms to be financially viable for investors like Babcock
& Brown. That ain't gonna happen unless Babcocks et al can get
their
hands on all the thermal stations in the country and push the price up
by shrewd bidding practices. Outright collusion isn't necessary, just
tacit acceptance of a few simple rules that they all seem to have
learned quite well during 2007. So if we want to go green to save the
planet, we have to bribe investment capital into doing it by doubling
electricity prices. And people like Bob Carr and Paul Keating are
standing at the elbow of the investment houses guiding their hand.
I
am happy for you to use this information anyway you want because there
is nothing stopping you or anyone else from obtaining it like I did.
All I ask if you do so is to remain anonymous ......
Re: Enron crash, deregulation of energy market extreme warning t
Deregulation of energy market extreme warning to NSW . . . .
Actually American Mortgage companies went bankrupt probably thanks to Enron instigating the Bankruptcy, Enron the Deregulator of Americas Energy Markets, Enron also had big plans to build a oil & gas pipeline running through Afganastan noone really new where this pipeline was going to run to, either to Europe or to Dubai Port facility where oil & gas could then be shipped around the world, Enron had big plans but now they are a Bankrupt corporation so NSW Govt dont put Australia in peril by Deregulation or Privatisation, we need Regulation for our electricity & other energy resources it should be under the juristriction of the DPI, Deparment of Primary Industries. Also Australia can not afford to gamble, Conrad Jupiters Casino or the Star city Casino is for Gambling.
[EOF] End of File . . . . . . .
Re: Enron crash, deregulation of energy market extreme warning t
Imperialist capitalism is in trouble because income streams, including incomes from debts like mortgages , were valued as fictitious capital, As multiples of supposedly secure AAA future income streams ,when compared to say treasury bond interest rates .
Many thought they were investing directly in secure bricks and mortar assets and the bonds were guaranteed by ‘solid “ banks.
But they were often just invested in speculation in future incomes from debt..These bond owners bought AAA debts not secure assets.
When those future income streams dry up, perhaps as electricity and oil and food costs rise, cutting into peoples ability to make their house paymentsand don’t deliver up as expected ,the investments in the bonds lose their fictitious capital value to the new reality and a spiralling process of fictitious wealth destruction proceeds.
In this situation.
Mortgages on Houses as loaned capital are unable to continue to deliver up to the invested capital or continue to be rented at the old rates.
So the houses are then devalued too ,as the houses themselves ,are then seen to be over valued ,as fictitiously valued potentially sure income sources ,as multiples of rent incomes etc.
In the shopping mall economy of the US, where a lot less real physical wealth is created, as most manufacturing has been outsourced to the third world and with the housing construction industry not nowrequired ,with of lack of market demand for new housing, because of the growing stocks of foreclosed houses, it will be difficult for the Americans depressed economy to recover for many years.
Hyperinflation will be created by the US central bank to prop up the economy and so that old debts can be more easily paid out with devalued dollars, in a desperate attempt to get the old economy on its feet by printing more money.
In this growing world economic crisis it would be the height of stupidity to flog off our State electricity plant to speculators who will hold future generations to ransom ,helping to create an economy here too, where after paying out for high monoply priced electricity bills ,house repayments will get even more difficult as interest rates rise too.
As in the US and now the UK housing values could easily be expected to tumble.
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