# Paul Murray Live | 9 March

An episode of [Paul Murray Live](https://invisiblenetwork.ai/podcast/376966263), 9 Mar 2026, 49 min.

Audio: https://p.podderapp.com/2544644999/traffic.omny.fm/d/clips/2fb3740d-3436-44af-8cc0-a91900716aa5/be3abd48-25e5-45a6-aede-ac2a00524a12/f98e9e29-06dc-4621-ba3a-b40800c7759a/audio.mp3?utm_source=Podcast&in_playlist=95971714-8fe6-4855-b1fe-ac2a00524a12

Traffic queues and road rage at one of Sydney's last cheap servos, Trump's $140 billion dollar war is starting to backfire. Plus, an investigation reveals six of the ten largest wind or solar projects are wholly owned by overseas entities. See omnystudio.com/listener for privacy information.

## Transcript

[0:00] Speaker 1: From the sky new setter. This is Paul Murray Live.
[0:06] Speaker 1: Oh I made happy Monday. No sooks, no lefties tonight.
[0:10] Speaker 1: Australians are worried about petrol. We always are. We're always
[0:15] Speaker 1: keeping an eye on what the price is. But we
[0:17] Speaker 1: are of course concerned right now because we are hearing
[0:20] Speaker 1: about panic buying. We are hearing about long queues. This
[0:24] Speaker 1: was one in Sydney today. Now that wasn't because petrol
[0:26] Speaker 1: was running out. It was because they were selling it
[0:28] Speaker 1: for less than two dollars a liter. One of the
[0:30] Speaker 1: locals spoke to the news outlet's say that line stretched
[0:34] Speaker 1: back one hundred meters from the Mascot BP fuel station.
[0:40] Speaker 1: That happened this morning. One Mascot resident in Sydney's South
[0:44] Speaker 1: said the cues for fuel had been stretching out the
[0:46] Speaker 1: front of her house all week, of course since the
[0:49] Speaker 1: war began, with things really kicking to overdrive during school
[0:52] Speaker 1: pickup hours. The resident said the situation was quote very
[0:56] Speaker 1: tame on Monday morning, but she has seen some abuse
[0:59] Speaker 1: that is her at frustrated drivers quote people will hold
[1:03] Speaker 1: their horns down for a minute straight and the language
[1:06] Speaker 1: they use is horrible. At the top of their lungs.
[1:08] Speaker 1: It's disgusting. If I don't see it, I hear it.
[1:12] Speaker 1: People will beep all day long. Now we're being told
[1:15] Speaker 1: by those in the know that Australia is not running
[1:19] Speaker 1: out of petrol, at least tonight.
[1:23] Speaker 2: There's absolutely no reason for panic anything panicking, full stop
[1:27] Speaker 2: panic buying.
[1:28] Speaker 1: Australian's nets shouldn't need to panic buy.
[1:30] Speaker 3: We don't want people panic buying.
[1:33] Speaker 1: By the way, the both of the NMA was very
[1:35] Speaker 1: clever today when he was on with Andrew Clinnant a
[1:36] Speaker 1: bit earlier, saying that now this isn't COVID, it's not
[1:39] Speaker 1: toilet paper. But the reality is that there are signs
[1:43] Speaker 1: that while major cities aren't running out, there are parts
[1:47] Speaker 1: in regional Australia. The report's coming back to us that
[1:50] Speaker 1: are starting to run out of fuel. Now, whether this
[1:53] Speaker 1: is because of the buying cycle, whether it is because
[1:55] Speaker 1: of the panic buying, who knows. But again, Barnaby Joyce,
[1:59] Speaker 1: speaking on the behalf of the regions as a representative
[2:01] Speaker 1: of one Nation, he told my Matt Andrew Clonell this afternoon,
[2:05] Speaker 1: there is a problem. Regardless of what the government is
[2:08] Speaker 1: trying to tell you.
[2:10] Speaker 4: This is the first time in our history that the
[2:12] Speaker 4: straits of Hums has been closed. And I just want
[2:14] Speaker 4: to hear from the government if they've got a plan.
[2:16] Speaker 4: It seems like they haven't or at least be honest
[2:18] Speaker 4: to say that they haven't got a plan, in which
[2:20] Speaker 4: case we can deliver one. But at this point of
[2:22] Speaker 4: time is like nothing to see here. That is patently absurd.
[2:26] Speaker 4: The nick has just gone down seven percent. With the
[2:28] Speaker 4: oil prices are going through the roof and it's reacting
[2:32] Speaker 4: to supply.
[2:34] Speaker 1: And while the majority of Australians, if they access the fuel,
[2:38] Speaker 1: they're going to be doing it at petrol will of
[2:40] Speaker 1: course diesel and diesel being purchased at wholesale. That is
[2:44] Speaker 1: apparently already becoming a problem now. Australia's fuel security, or
[2:48] Speaker 1: the lack therein off has been something I have talked
[2:52] Speaker 1: about for years. Bob Catter has championed this issue for
[2:55] Speaker 1: as long as he's been in the Parliament. Australia does
[2:58] Speaker 1: not drill for that much or oil, and we don't
[3:01] Speaker 1: refine that much petrol. Once we have the oil, as
[3:04] Speaker 1: I've told you before, we get most of it from
[3:07] Speaker 1: Southeast Asian countries and they get almost all of it
[3:11] Speaker 1: from the Middle East. So a twenty percent cut off
[3:14] Speaker 1: means with less coming in, the price starts to go up,
[3:18] Speaker 1: and then eventually the amount that is making it to
[3:21] Speaker 1: Singapore and then eventually to Sydney is going to be
[3:23] Speaker 1: a problem. Again, we are only a week and a
[3:25] Speaker 1: bit into the war. But this is why I talked
[3:28] Speaker 1: about that straight of Hamuz being locked off. People like
[3:32] Speaker 1: Andrew Hasty have talked about it of recent times as
[3:34] Speaker 1: well that Australia, depending on who you believe and how
[3:36] Speaker 1: you count, it doesn't even have a month's worth of
[3:39] Speaker 1: supply when it comes to this now, despite the fact
[3:43] Speaker 1: they've been the government not just for one full electoral
[3:46] Speaker 1: term but now coming up on another full year, four
[3:49] Speaker 1: full years in power, an entire Olympiad, an entire American presidency.
[3:54] Speaker 1: Guess who Chris Bowen is blaming for us not having
[3:58] Speaker 1: enough fuel.
[4:00] Speaker 2: The more fuel supply we have on hand, the better,
[4:02] Speaker 2: and I'm very glad that we now have more than
[4:06] Speaker 2: in any time and in fifteen years. And I do
[4:09] Speaker 2: know that when we came to office, the stock was
[4:11] Speaker 2: held in Texas and Louisiana. As the speaker. Now, I'm
[4:14] Speaker 2: not sure whether you call that the golf of the
[4:16] Speaker 2: Golf of America or the golf of Mexico, but it's
[4:18] Speaker 2: certainly not the golf of Australia. We introduced minimum holding stocks.
[4:21] Speaker 2: This was work that was not conducted by the previous government.
[4:24] Speaker 2: The previous government saw four out of six petroleum refineries
[4:28] Speaker 2: closed when they are in charge.
[4:31] Speaker 1: Don't you love it. The refiner is full of union
[4:34] Speaker 1: workers with union contracts and all of the vallely who
[4:38] Speaker 1: that goes with that. That, in part is why big
[4:40] Speaker 1: global companies on the other side of the world, so
[4:42] Speaker 1: it's too expensive to do business here. It's wine part.
[4:44] Speaker 1: Our car industry got torn away on a but labor
[4:47] Speaker 1: thinks you're an idiot. So oh, this is all closed
[4:49] Speaker 1: down because of the Libs, and the Libs are the
[4:52] Speaker 1: ones responsible. Now. I was critical at the time of
[4:55] Speaker 1: the plan to be keeping fuel anywhere but Australia. Deals
[4:58] Speaker 1: were done that eventually, Yes, America would give us a
[5:00] Speaker 1: little bit, but all too little, too late. Don't like it.
[5:03] Speaker 1: Send it all the way through again. Shout out to
[5:05] Speaker 1: Bob Catter. He's had straight eye on this. But while
[5:07] Speaker 1: the government wants to tell us nothing to see here,
[5:09] Speaker 1: there's no problem don't panic by, don't worry about it again,
[5:12] Speaker 1: don't panic by it. But could somebody please tell Chris
[5:15] Speaker 1: Bowen that it is a problem being noticed by other
[5:18] Speaker 1: significant countries around the world. In fact, the G seven,
[5:20] Speaker 1: as we speak to night, as we speak tonight, is
[5:26] Speaker 1: working out how they are going to be able to
[5:27] Speaker 1: get around this significant problem. As I feared last week,
[5:32] Speaker 1: the predictions now start to come true about another flow
[5:35] Speaker 1: on of all of this, and that is inflation. Because
[5:39] Speaker 1: everything needs to be driven around the country. As you know,
[5:42] Speaker 1: it doesn't grow at your local shops. It needs to
[5:44] Speaker 1: be driven. It needs to be driven in a truck.
[5:46] Speaker 1: And despite Zalie Stegel and the rest of them saying
[5:48] Speaker 1: it can all be done with electric cars, it's currently
[5:51] Speaker 1: running on diesel. And if diesel is going to dry
[5:54] Speaker 1: up and diesel is going to cost more, then everything
[5:56] Speaker 1: is going to cost more. It's something we'll talk about
[6:00] Speaker 1: tonight with Mack Canavan. But the amp's chief economist, and
[6:04] Speaker 1: this is not some far right wing person I'm reaching
[6:07] Speaker 1: forward to make a point here. That's a pretty direct
[6:09] Speaker 1: guy in Shane Oliver, and he said that with further
[6:13] Speaker 1: increase in global oil prices, motorists should prepare for more
[6:16] Speaker 1: near term paint. Last week we were telling you the
[6:18] Speaker 1: chances think we get close to three bucks three bucks
[6:21] Speaker 1: alter goodness me and only after a week, not six
[6:24] Speaker 1: months of war. Just over what's six, seven, eight, nine
[6:28] Speaker 1: days of war. The ordinary household, when it comes to
[6:31] Speaker 1: oil prices, is going to start to cost fourteen dollars
[6:33] Speaker 1: more a week. Put that together seven hundred bucks a year.
[6:36] Speaker 1: And I do love this. Oh it's a small price
[6:38] Speaker 1: to per well, that's fine and fair enough. If you've
[6:40] Speaker 1: got the extra seven hundred you're not going to notice it.
[6:43] Speaker 1: That's not nothing. It means that people are likely to
[6:45] Speaker 1: look for ways to save money elsewhere, cutting spending so
[6:48] Speaker 1: they can afford petrol for the car. Oliver says it's
[6:51] Speaker 1: going to push up inflation. Another group, National Australia Bank.
[6:55] Speaker 1: They say petrol prices alone will get us to an
[6:58] Speaker 1: inflation rate. Remember two to three is when they bring
[7:01] Speaker 1: down interest rates. We're on our way between three and four.
[7:05] Speaker 1: They say it's going to go above five. That's basically
[7:08] Speaker 1: some of the worst of the COVID times. Yes, it
[7:10] Speaker 1: got up to a six, but this is frightening. Inflation
[7:13] Speaker 1: will peak above five percent in the second quarter, that
[7:17] Speaker 1: being the next three months unless the fuel benchmark prices
[7:21] Speaker 1: retrace current levels over the coming weeks. Again, this is
[7:24] Speaker 1: all spiked in nine days. Trump says, the wall goes
[7:27] Speaker 1: for a month. A run says they can keep fighting
[7:29] Speaker 1: at this level for six months. As you would have seen,
[7:33] Speaker 1: a lot of people today got to fight up because
[7:35] Speaker 1: there was some changes when it came to the stock market.
[7:38] Speaker 1: Not a great day if you're somebody who had it
[7:40] Speaker 1: all bet on what the markets we're going to do today.
[7:43] Speaker 1: Of Course, the reality is that people don't play the
[7:45] Speaker 1: game like that. Of Course, the Reserve Bank they're looking
[7:49] Speaker 1: at the inflation rates as well. There's a meeting in
[7:51] Speaker 1: the next couple of weeks about interest rates. So remember
[7:54] Speaker 1: thirteen interest rate rises. There were a couple of drops
[7:57] Speaker 1: last year. One of them has already been canceled out.
[7:59] Speaker 1: We're going to basically back to the worst of it
[8:01] Speaker 1: in just a couple of months time. Again the stock
[8:04] Speaker 1: market today. Now have a look at this in perspective. Now,
[8:07] Speaker 1: obviously today bad day, but just this time last week
[8:14] Speaker 1: the stock market was at an all time high, and
[8:18] Speaker 1: given the wide spread of stocks that took a hit
[8:22] Speaker 1: today not all of them have a direct or even
[8:24] Speaker 1: indirect link to what is happening in the Middle East.
[8:26] Speaker 1: I would suggest there are some people, as they like
[8:28] Speaker 1: to say, a little bit of profit taking, right, they
[8:31] Speaker 1: bought it for this much and hit a record price
[8:32] Speaker 1: jump out. Now maybe use the profit reinvest somewhere else.
[8:36] Speaker 1: So let's see where we go in the next couple
[8:37] Speaker 1: of days. Futures market not looking good in the US.
[8:40] Speaker 1: That happens all overnight. We will talk again tomorrow, but
[8:45] Speaker 1: obviously Pete will have the latest information as well as
[8:48] Speaker 1: Business Now four pint thirty in the afternoon with Ross Greenwood,
[8:52] Speaker 1: which brings us to an uncomfortable bit of this. Now
[8:57] Speaker 1: we know that a run has got plenty of missiles,
[9:00] Speaker 1: plenty of drones. We know that it has done as
[9:02] Speaker 1: much damage as it can possibly do to any and
[9:05] Speaker 1: everything that it can possibly hit. We know that they
[9:08] Speaker 1: have taken lives in Israel, they've taken lives in neighboring countries,
[9:13] Speaker 1: and that of course has seen them friendless. The good
[9:17] Speaker 1: news is that the amount of missiles they're able to
[9:19] Speaker 1: fire is dropping dramatically, down ninety percent from the first
[9:23] Speaker 1: days of the war. Now the missiles are one thing.
[9:26] Speaker 1: Drones are something else. But in the arm wrestle of
[9:29] Speaker 1: who's got more things to shoot at somebody else, it's
[9:31] Speaker 1: the United States and Israel that would be winning that
[9:34] Speaker 1: fight at the moment. But of course the problems of
[9:38] Speaker 1: oil and petrol and diesel are going to echo around
[9:44] Speaker 1: the world. If we are in a scenario where right
[9:47] Speaker 1: now today in some parts of Australia there's a fuel
[9:51] Speaker 1: queue because it's under two dollars, there may well end
[9:53] Speaker 1: up being a fuel que in two weeks time because
[9:57] Speaker 1: of the amount of supply that is actually able to
[9:59] Speaker 1: make it to Australia, let alone. Again, what independent retailers
[10:03] Speaker 1: are telling us in regional Australia, this is where you
[10:05] Speaker 1: can be my eyes in ears. I trust your accounts.
[10:08] Speaker 1: Tell me if you are seeing any sort of change,
[10:11] Speaker 1: not just with price, but maybe maybe in places that
[10:14] Speaker 1: are saying sorry mate, when I get a delivery for
[10:16] Speaker 1: another couple of days see me Anmapaulitz Gonews dot com
[10:19] Speaker 1: dot au. But after Iran decided to hit petrol supplies
[10:24] Speaker 1: in Saudi Arabia, their promised to blow anything out of
[10:30] Speaker 1: the water that's going to be moving fuel and that
[10:32] Speaker 1: straight of muz circled there thanks to our mates at
[10:35] Speaker 1: Fox News. Then this becomes a problem that becomes a
[10:39] Speaker 1: potential political one for Donald Trump back at the United States. Now,
[10:44] Speaker 1: their market will probably take a hit today, but again
[10:47] Speaker 1: it's already at what fifty thousand points, so there's plenty
[10:50] Speaker 1: of dare I say, some fat in the American stock market.
[10:53] Speaker 1: But in terms of the real politic, inflation is something
[10:59] Speaker 1: that helped kill the by Udd administration, and we already
[11:03] Speaker 1: know that he's on the back foot when it comes
[11:05] Speaker 1: to polling. I'll get to that in a second. But
[11:07] Speaker 1: the President is trying to appeal to the citizens of
[11:11] Speaker 1: his own country and the Western world that all of this, yes,
[11:14] Speaker 1: while difficult, is a quote small price to pay if
[11:17] Speaker 1: you haven't seen his truth Soci'll let me read it,
[11:19] Speaker 1: short term oil prices which will drop rapidly when the
[11:23] Speaker 1: destruction of the Iran nuclear threat is over. Well, yesterday
[11:26] Speaker 1: said that they had already won the war, So okay,
[11:29] Speaker 1: very small price to pay for the USA and the
[11:31] Speaker 1: world and the safety and peace. Only fools would think differently. Now,
[11:36] Speaker 1: do not put me in. Do not put me in
[11:38] Speaker 1: the pile of those that says that this wall shouldn't
[11:43] Speaker 1: have been taking place. But I'm a person of also
[11:47] Speaker 1: can think two things at the same time. The consequence
[11:51] Speaker 1: of the price pressures, the inflation pressures, and how that
[11:54] Speaker 1: affects the entire world, from how much it costs you
[11:56] Speaker 1: to fill the tank to how much it costs a
[11:59] Speaker 1: truck driver. Feel theirs to the producers who pay for
[12:03] Speaker 1: the increased hipping costs, et cetera, et cetera, et cetera.
[12:05] Speaker 1: Will it flows through the whole market, And sadly, this
[12:09] Speaker 1: generation is nowhere near as patient as the greatest generation
[12:14] Speaker 1: who had to fight on the home front as well
[12:16] Speaker 1: as see their families risk life and limb on the
[12:20] Speaker 1: other side of the world. During World War Two. We
[12:23] Speaker 1: know that if the internet goes out for fifty eight minutes,
[12:25] Speaker 1: a panic ensues. When there is a global pandemic. Apparently
[12:31] Speaker 1: toilet paper is what they needed to start stocking up
[12:34] Speaker 1: as if they had a bunker. But I mention all
[12:37] Speaker 1: of this that potentially, in a political sense, the weapon
[12:41] Speaker 1: that are run may well be relying upon. Here is
[12:45] Speaker 1: the inability of the world to pay the price. Firstly
[12:49] Speaker 1: because some people can't, and again, if you've got the
[12:51] Speaker 1: money to weather all this through in the same way,
[12:54] Speaker 1: there are plenty of people who've got money to weather
[12:56] Speaker 1: through power prices. But you and I both know that
[12:59] Speaker 1: in Australia a bit Midian people run out of food
[13:01] Speaker 1: and that's when it's a good week. So these things
[13:04] Speaker 1: get tight, and they get tight very quickly. Politically for
[13:07] Speaker 1: Donald Trump, now he's never running for another election again,
[13:11] Speaker 1: but his party is they've got one in November. Now,
[13:14] Speaker 1: if he loses the Congress, well, then a whole world
[13:18] Speaker 1: of trouble starts. Firstly, he's not able to get anyone
[13:20] Speaker 1: to replace anyone he sacks, like the Department of Homeland
[13:24] Speaker 1: Security Secretary christineam because the Parliament won't be with him,
[13:28] Speaker 1: and in the lower House they'll just go for impeachment
[13:31] Speaker 1: every other day. And to give you an idea about
[13:33] Speaker 1: the politics of inflation, now, for some reason, it doesn't
[13:36] Speaker 1: affect Anthony Abernezi, but it does affect Donald Trump. This
[13:40] Speaker 1: is the look since he started his presidency in the
[13:42] Speaker 1: positive territory where people were approving of him on the
[13:45] Speaker 1: issue of inflation, it's now sixty two percent disapproving. And
[13:48] Speaker 1: that's before a bomb was dropped. Let alone the political
[13:53] Speaker 1: cost that always comes with debts, and there has been
[13:56] Speaker 1: a seventh member of the Defense forces in the United
[13:59] Speaker 1: States who has been killed. He's the details from Fox
[14:03] Speaker 1: nine in the US.
[14:05] Speaker 5: US officials say another service member has died.
[14:07] Speaker 1: In the Middle East.
[14:08] Speaker 6: The military says that they died from their injuries sustained
[14:11] Speaker 6: during an Iranian attack on February twenty eighth in Saudi Arabia.
[14:15] Speaker 6: This is the seventh American service member to be killed
[14:18] Speaker 6: in this conflict.
[14:20] Speaker 1: And that question troops on the ground. Now, my thinking
[14:23] Speaker 1: about all of this, given that Trump had said that
[14:25] Speaker 1: he declared victory a couple of days ago, my expectation
[14:28] Speaker 1: was that maybe as early as this week they were
[14:31] Speaker 1: going to step back, keep giving all of the hardware
[14:34] Speaker 1: to the Israelis to continue on with their campaign, but
[14:38] Speaker 1: the active engagement of the United States may start to
[14:41] Speaker 1: drop back. So the idea about troops on the ground, well,
[14:44] Speaker 1: for some that's a red line that they are unwilling
[14:46] Speaker 1: to cross. But it is an option that the Secretary
[14:48] Speaker 1: of War is very much leaving on the table.
[14:51] Speaker 5: People ask boots on the ground, No boots on the ground, four.
[14:54] Speaker 1: Weeks, two weeks, six weeks go.
[14:56] Speaker 5: In going President Trump knows I know, you don't tell
[15:00] Speaker 5: the enemy, you don't tell the press, you don't tell
[15:03] Speaker 5: anybody what your limits would be on an operation. We're
[15:07] Speaker 5: willing to go as far as we need to in
[15:08] Speaker 5: order to be successful.
[15:10] Speaker 1: Let's hope that that is sooner rather than later for
[15:12] Speaker 1: all of those who have their families in harm's way. Now.
[15:16] Speaker 1: So everything would be okay, if everything was electric right,
[15:18] Speaker 1: if everything was renewable power, it would all be fantastic. Well,
[15:21] Speaker 1: interesting reporting over the weekend that I wanted to bring
[15:24] Speaker 1: you this evening, and it came from the Daily Telegraph,
[15:26] Speaker 1: the Sunday Telegraph. Which is the number of foreign companies
[15:31] Speaker 1: and foreign individuals who are now the big money behind
[15:35] Speaker 1: big renewables. An investigation by this mass heead reveals that
[15:39] Speaker 1: six of the ten largest wind and solar projects are
[15:42] Speaker 1: wholly owned by overseas entities. Well a seventh is a
[15:48] Speaker 1: majority controlled by a mix of Katari and Chinese interests.
[15:53] Speaker 1: Nothing to see here. Meanwhile, the companies ultimately behind six
[15:57] Speaker 1: of the ten biggest renewable power assets under constru production
[16:01] Speaker 1: are based offshore. This masthead can reveal that the foreign
[16:05] Speaker 1: investors tapping into Australia's energy transition include the largest shareholders
[16:09] Speaker 1: in Ferrari. Here's a little map to make the point
[16:12] Speaker 1: for you that we had an opportunity, if this was
[16:16] Speaker 1: the opportunity to go from what was to what will be,
[16:19] Speaker 1: to make this an Australian asset. We have a scenario
[16:23] Speaker 1: where foreign buyers are distorting the new housing market and
[16:28] Speaker 1: foreign people and foreign companies are the ones that are
[16:31] Speaker 1: building and thus getting a pretty penny at part back
[16:34] Speaker 1: from our government. Here you can see how many in Queensland,
[16:37] Speaker 1: a couple in South Australia, a lot in New South Wales,
[16:40] Speaker 1: and plenty of little dots in Victoria. Now who owns
[16:45] Speaker 1: what and why matters now? Philosophically, those who were behind
[16:52] Speaker 1: sell off the power assets to get a few billion
[16:55] Speaker 1: dollars to pay for a train line as it was
[16:57] Speaker 1: in places like New South Wales. Guess what collectively wrong?
[17:01] Speaker 1: Collectively wrong? Why because the private company takes over. The
[17:04] Speaker 1: private company only exists to make a profit, and they
[17:07] Speaker 1: jacketed jack, jack Jack all the way up. You've now
[17:10] Speaker 1: got the foreign companies who only exist for a profit.
[17:12] Speaker 1: Who knows whether they end up paying tax in this
[17:15] Speaker 1: country outside of payroll tax? Do they pay company tax here?
[17:20] Speaker 1: But the idea that something that is as important as
[17:22] Speaker 1: where the power comes from, having this level of foreign control,
[17:26] Speaker 1: it should be a problem, right, But again the government
[17:29] Speaker 1: thinks you're too stupid to care. They think you're too
[17:32] Speaker 1: stupid to care, and that you don't notice, and if
[17:34] Speaker 1: you do have resistance, you're just in the great pack
[17:37] Speaker 1: to be ignored. These people find every possible way to
[17:43] Speaker 1: sell this joint out, every possible way, including where the
[17:48] Speaker 1: power comes from for the next generation. Does this play
[17:53] Speaker 1: out in the seed of Farah. We'll know in the
[17:55] Speaker 1: next few weeks, May nine, two months away from when
[17:57] Speaker 1: there is going to be that by election. Last night
[18:01] Speaker 1: we had a chat to the One Nation candidate, a
[18:04] Speaker 1: bloke who's been very successful in business, a bloke who
[18:06] Speaker 1: was Harvard educated, and a bloke who is ready to
[18:09] Speaker 1: get in behind Pauline get in work with Barnaby Joyce.
[18:12] Speaker 1: He's on the ground right now. Barnaby Joyce again. Back
[18:16] Speaker 1: to that conversation with Andrew Clanell this afternoon, says, in
[18:19] Speaker 1: his mind, it doesn't come down to the Libs current
[18:22] Speaker 1: holders of the seat or the Teal like it did
[18:25] Speaker 1: at the last federal election. Instead, he think it comes
[18:28] Speaker 1: down to the money from Sydney that backs in the
[18:31] Speaker 1: Teal in the Bush versus One.
[18:33] Speaker 7: Nation going to be between one Nation and the climate
[18:39] Speaker 7: two hundred Independent Millsthorpe so Farley I think is.
[18:44] Speaker 1: Definitely the most capable candidate. Now because there was a
[18:48] Speaker 1: lot of sport on you may well have missed last
[18:50] Speaker 1: night's show. Another reminder, be here on a Sunday night.
[18:53] Speaker 1: First big bite at that opinion apple and we take
[18:55] Speaker 1: a big juicy one every Sunday night. I showed you
[19:00] Speaker 1: a rather shocking number to me, but I always like
[19:04] Speaker 1: to tell you the truth and nobody wakes up surprise
[19:06] Speaker 1: the day after the election, it is that Sydney backed
[19:10] Speaker 1: Teal who is currently leading the betting markets to win
[19:15] Speaker 1: the seat. The assumption that it's going to be center right,
[19:19] Speaker 1: Well know, Michelle Millthorpe, it's all orange, but there's plenty
[19:22] Speaker 1: of Teal money and Teal support and Teel media and
[19:25] Speaker 1: all the rest of it. Massive favorite right now. According
[19:28] Speaker 1: to sports bed, a dollar ninety one one Nation is
[19:32] Speaker 1: down to third at four point thirty three. That price
[19:35] Speaker 1: is actually blown out a little bit in the past
[19:37] Speaker 1: twenty four hours the Nationals because the presumption being that
[19:40] Speaker 1: if the Nationals finished second. Well, One nation Liberal Party
[19:43] Speaker 1: preferences get them up and it ends up being a
[19:46] Speaker 1: fight that way, But always interesting and important to have
[19:49] Speaker 1: a look at that. Said again, when there's a little
[19:52] Speaker 1: bit of data, I'll show you. That's where the money
[19:54] Speaker 1: markets go. They can often be quite predictive. Yes, Big
[19:57] Speaker 1: Asterisky nineteen when the betting market said that it was
[20:01] Speaker 1: going to be Bill Shorten and they actually paid out
[20:03] Speaker 1: on Bill Shorten. But the money markets were right on Trump.
[20:06] Speaker 1: They were right on Albanezi not once but twice. Are
[20:09] Speaker 1: they right when it comes to Farah? We'll all find out.
[20:12] Speaker 1: The Australian Institute, left leaning Green's think tank had an
[20:15] Speaker 1: opinion poll that was out there today. I've got to
[20:17] Speaker 1: say some of their logic and the explaining of it
[20:19] Speaker 1: was a little hard to get mad around. But still
[20:22] Speaker 1: One Nation apparently is leading in the choices, not just
[20:26] Speaker 1: potentially a primary, but potentially when it comes to preferences.
[20:30] Speaker 1: Who what you're going to do with your number two?
[20:33] Speaker 1: The party dominated the preference vote in almost every age category,
[20:37] Speaker 1: so the majority of eight under thirty fours will preference
[20:39] Speaker 1: one nation regardless of if they vote for first. The
[20:42] Speaker 1: same for thirty five to fifty and fifty one to
[20:46] Speaker 1: sixty five. But then it is the teal, the teal
[20:50] Speaker 1: that is currently leading when it comes to preferences. That
[20:53] Speaker 1: is why this thing becomes very very tight and why
[20:57] Speaker 1: the reality is what people do with their number two
[20:59] Speaker 1: matter in the voting booth, but it also matters on
[21:02] Speaker 1: the how to vote cards.
[21:04] Speaker 4: The Liberal Party in the National pay decide that they
[21:06] Speaker 4: like a climate two hundred candidate over David Farley, then
[21:12] Speaker 4: that'll create problems.
[21:13] Speaker 1: But let's see how it got. Thank you to Andrew
[21:18] Speaker 1: Clenel for providing so much content for tonight's show. Good
[21:21] Speaker 1: program watching a four o'clock Eastern each and every afternoon
[21:24] Speaker 1: here on Sky News. Now come over here because I
[21:27] Speaker 1: want to talk about something a bit adult. Okay. I've
[21:33] Speaker 1: been trying to work out how to talk about this
[21:35] Speaker 1: all day, and I think I've worked out how to
[21:36] Speaker 1: talk about this. A lot of people love the Internet
[21:39] Speaker 1: in Australia, right, It's on our phones, it's laptops, it's
[21:43] Speaker 1: you know, we get what the internet is. Paul Well. Also,
[21:47] Speaker 1: the truth is that there is a lot of people
[21:49] Speaker 1: who decide to use the Internet to look for adult material. Now,
[21:54] Speaker 1: of course, nobody you're watching, you know if you're looking
[21:56] Speaker 1: at your partner. And well, when they introduced all of
[22:01] Speaker 1: those laws around the under sixteens and social media, guess
[22:03] Speaker 1: what they also got through the parliament and not a
[22:06] Speaker 1: lot of people talked about it, presumably because all the
[22:09] Speaker 1: politicians wanted to go not to see here. Well, apparently
[22:13] Speaker 1: everyone over the age of eighteen, if they wish to
[22:16] Speaker 1: access such sites, needs to prove their age and identity
[22:20] Speaker 1: before being able to get to such sites in Australia.
[22:25] Speaker 1: In fact, as this has been explained, the e Safety
[22:28] Speaker 1: Commissioner has said that the method of verification is up
[22:32] Speaker 1: to the individual companies providing the individual sites, of which
[22:36] Speaker 1: definitely no one watching this program has ever seen in
[22:39] Speaker 1: their life, as long as it's deemed to be an
[22:42] Speaker 1: appropriate age assurance measure. What does that mean? Confirmation by
[22:45] Speaker 1: a parent, Hey ma'am, photo ID imagine loading that in
[22:55] Speaker 1: facial age estimation or we all want to look younger.
[22:59] Speaker 1: But obviously does anyone really want to have their photo
[23:02] Speaker 1: associated credit card checks? Yeah, sure, here's my financial details,
[23:08] Speaker 1: digital identity wallets or systems and third party age assurance vendors.
[23:14] Speaker 1: This system kicked in today, so ask, of course, the
[23:19] Speaker 1: bad sheep of the family whether this system is actually
[23:21] Speaker 1: kicked in or not for certain parts of the Internet.
[23:24] Speaker 1: But one thing has absolutely spiked today, and that's the
[23:28] Speaker 1: number of Australians which have gone and downloaded a vp
[23:31] Speaker 1: N a virtual private network. If you have one of these,
[23:35] Speaker 1: you know what I'm talking about. If you don't, what
[23:37] Speaker 1: it means is that whatever device you're on, you're able
[23:40] Speaker 1: to flick a switch and then pretend that your phone,
[23:43] Speaker 1: tablet or laptop is in another country or is not
[23:48] Speaker 1: from your house. This is the way some people watch
[23:52] Speaker 1: movies or TV from the other side of the world legally,
[23:54] Speaker 1: and they're able to do so. It is not illegal
[23:56] Speaker 1: to have a VP in Australia. Am I talking about
[24:00] Speaker 1: this at all? It's an adult and uncomfortable topic. The
[24:03] Speaker 1: feedback may well be because this story may be of
[24:08] Speaker 1: interest to the majority of Australians, whether they wish to
[24:11] Speaker 1: admit it or not. We spend a bit of time
[24:15] Speaker 1: today trying to look at the actual numbers and the
[24:17] Speaker 1: research and all the rest of it about just how
[24:19] Speaker 1: interested people may be in the topic. All I will
[24:21] Speaker 1: say is the evidence would suggest a few people are
[24:25] Speaker 1: interested in this particular topic. Now, let's get to our
[24:33] Speaker 1: regular off and on again segment where we have a
[24:35] Speaker 1: look at how the politicians amongst us while they spend
[24:38] Speaker 1: our money. Not only do you have to pay for
[24:40] Speaker 1: them to be the MP, you have to pay their
[24:42] Speaker 1: staffers to help them make crap social media videos where
[24:45] Speaker 1: they get to talk to everyone like their play school hosts,
[24:48] Speaker 1: like a Green senator from Western Australia. We dance, we guess,
[24:52] Speaker 1: we schmoos, we carry on, we go, I'm happy? What
[24:54] Speaker 1: is they?
[24:54] Speaker 5: Come on?
[24:56] Speaker 1: People are going to get hurt, aren't they?
[24:59] Speaker 8: Na?
[25:00] Speaker 3: You know it's a possibility it happens the war, But
[25:02] Speaker 3: what can I tell you?
[25:03] Speaker 1: You know? The voice is James Wood's a massive Republican right, No,
[25:07] Speaker 1: he thought it was a Simpsons grapor What about this
[25:09] Speaker 1: one from a Labor MP again acting like the host
[25:13] Speaker 1: of Romber Room. Oh now, favorite, one of our favorites.
[25:23] Speaker 1: Is there a night where we don't get something to
[25:25] Speaker 1: point out from this MP from the Labor Party? In
[25:34] Speaker 1: your mind? No sooks, no lefties. Tonight, let's get straight
[25:38] Speaker 1: into it. We're going to talk about Australia and it's
[25:40] Speaker 1: concerns when it comes to petrol. Please, don't do in
[25:42] Speaker 1: the panic by But again I'm not going to pretend
[25:45] Speaker 1: there's not a few people that are thinking about topping
[25:49] Speaker 1: up tomorrow, and one or two stations which are starting
[25:52] Speaker 1: to be cut off. That and a whole lot more
[25:53] Speaker 1: No sooks, No left is Monday Night, glad you hit
[26:00] Speaker 1: Nozook's no left is. Matt Canavan joins us in a
[26:02] Speaker 1: moment or two's time. Remember on Wednesday, another excellent documentary
[26:05] Speaker 1: put together by the team here at Sky News. This
[26:07] Speaker 1: one is about John Howard thirty years of course, last
[26:11] Speaker 1: weekend since he became the Prime Minister of the country.
[26:14] Speaker 1: In my view, one of the best we've ever had,
[26:16] Speaker 1: and one that I wish wish wish was still in
[26:19] Speaker 1: the game and still leading the joint as opposed to
[26:21] Speaker 1: the current Matt Canavan is, of course a National Senator.
[26:23] Speaker 1: He joins us along with the former Liberal Senator Holly Hughes.
[26:27] Speaker 1: Lady gent Hello, Matt, let's engage with this fuel stuff,
[26:31] Speaker 1: because again the government wants to say nothing to see here.
[26:35] Speaker 1: I don't want people to panic, but the media reporting
[26:38] Speaker 1: is out there that in regional areas it's starting to
[26:40] Speaker 1: become a trouble and the wholesale purchase of diesel, which
[26:44] Speaker 1: may not matter to those flipping around in the city,
[26:47] Speaker 1: but it certainly does if you're trying to run a
[26:49] Speaker 1: farm or a truck that takes things to and from
[26:51] Speaker 1: the farm.
[26:55] Speaker 8: Well it's not just reporting, Paul. Real people, real farmers,
[26:59] Speaker 8: real miners, now told are doing without and that's going
[27:02] Speaker 8: to hurt our economy. Of course, hurt these businesses that
[27:05] Speaker 8: can't get fuel because everything stops without fuel. They can't
[27:08] Speaker 8: plan crops. This will have potential ramification for months ahead
[27:11] Speaker 8: if those crops can't get it in time. And I
[27:14] Speaker 8: am hearing there are reports now that service stations are
[27:18] Speaker 8: or are close to running out of fuel. Now the
[27:20] Speaker 8: government would like to simply blame this on the Australian people.
[27:24] Speaker 8: They're blaming people who are hoarding the fuel they've even
[27:27] Speaker 8: last week the Industry Minister Tim Ayres was ridiculously claiming
[27:31] Speaker 8: that it was all because of right wing extremists. That's
[27:33] Speaker 8: what he said in the Senate. Right wing extremists are
[27:35] Speaker 8: the cause of these shortages. And as you say, they
[27:39] Speaker 8: keep saying there's nothing to see here, Well, I think
[27:41] Speaker 8: they should drop the bag, Dad Bob act and instead
[27:45] Speaker 8: tell us what the plan is like, come up with
[27:48] Speaker 8: a detailed plan to reassure people that they are across this.
[27:52] Speaker 8: I think people are skeptical of what the government's promises
[27:55] Speaker 8: are here on energy because they've seen them make promises
[27:59] Speaker 8: about it before but haven't come to fruition like the
[28:02] Speaker 8: two hundred and seventy five dollars off your bill. So
[28:05] Speaker 8: what we need here is calm, considered and detailed leadership
[28:09] Speaker 8: that takes people through what our stocks are, what the
[28:12] Speaker 8: plan is to keep things moving in this country because
[28:15] Speaker 8: this is deadly serious.
[28:16] Speaker 1: Now for Australia, Holly, what are they telling you at
[28:19] Speaker 1: the pub? Oh?
[28:20] Speaker 9: Look, I can tell you. We were coming through the
[28:23] Speaker 9: Blue Mountains on Friday and stopped at a petrol station
[28:26] Speaker 9: and about seventy percent of their pumps were not in
[28:30] Speaker 9: service and what we ended up paying for ninety one
[28:33] Speaker 9: was just out of control. But for the central West
[28:37] Speaker 9: of New South Wales it just gets better because the
[28:40] Speaker 9: Great Western Highway is now closed in both directions, So
[28:44] Speaker 9: not only are they going to try to trouble getting fuel,
[28:46] Speaker 9: this is basically the way that you get out of
[28:48] Speaker 9: Sydney into western New South Wales and the whole central
[28:52] Speaker 9: Western New South Wales is almost at a standstill because
[28:56] Speaker 9: there is only one way in or out at the moment,
[28:59] Speaker 9: which is through an older road, and they are saying
[29:02] Speaker 9: it could be months until we get our bridge reopened.
[29:05] Speaker 9: It's an old convict bridge, so you'd think governments may
[29:09] Speaker 9: keep an eye on it. But now we've got a
[29:11] Speaker 9: situation where not only can we not get fuel into
[29:15] Speaker 9: the trucks or food in and out of the region,
[29:17] Speaker 9: but the roads aren't working either. It's just insane. But
[29:22] Speaker 9: certainly I had some miners and some farmers in the
[29:24] Speaker 9: pub tonight and none of them are looking particularly bright
[29:27] Speaker 9: and happy about what's going on.
[29:29] Speaker 1: Yeah, because I got to say, Matt, it's the diesel
[29:31] Speaker 1: part of this that is to me the more immediate
[29:34] Speaker 1: concern because of the supply chain effects that that starts
[29:38] Speaker 1: to have. Now we get the majority of our fuel
[29:41] Speaker 1: that comes in from places like Singapore and other places
[29:44] Speaker 1: in Southeast Asia. They basically get all of it from
[29:47] Speaker 1: the Middle East, so obviously there is a lag that
[29:50] Speaker 1: twenty percent that is on that side of the strait.
[29:54] Speaker 1: There are other places on the other side that around
[29:57] Speaker 1: a block that are going to try to fill avoid.
[30:00] Speaker 1: But we saw there were fuel fires in Saudi Arabia
[30:04] Speaker 1: and even in the UAE. So how are we in
[30:08] Speaker 1: a scenario where this is happening within a week of
[30:14] Speaker 1: war happening because again, the supply chain has multiple levels
[30:19] Speaker 1: in it. So are you surprised that the Singapore part
[30:22] Speaker 1: of this, to Australia in particular, seemingly is a little thin.
[30:29] Speaker 8: Well, the diesel we primarily get diesel from Korea. The
[30:33] Speaker 8: information I have, Paul is that those boats have not
[30:37] Speaker 8: been interrupted to date, that the normal supplies of diesel
[30:41] Speaker 8: have arrived here in Australia. There does seem to be
[30:45] Speaker 8: some problems though, with a volatility in the price in
[30:48] Speaker 8: the market and the potential exposure that some distributors have
[30:52] Speaker 8: to that market. Now, this is why I think it
[30:55] Speaker 8: is very important that Chris Bowen comes out and tells
[30:59] Speaker 8: people with the Prime Minister perhaps and tells people exactly
[31:02] Speaker 8: what the situation is, to reassure people. We saw that
[31:06] Speaker 8: during COVID that what we need is information, clear detailed information,
[31:10] Speaker 8: not rhetoric, not rants against your political opponents, just simply
[31:17] Speaker 8: calm and consider detail. Now I don't have all those details,
[31:20] Speaker 8: of course, because I'm not the Energy minister but I'm
[31:22] Speaker 8: letting you know what I've heard now there is a
[31:25] Speaker 8: more medium and longer term problem as well. Of course, Paul,
[31:29] Speaker 8: that if Korea doesn't get those deliveries of crude oil
[31:32] Speaker 8: from the Middle East, they of course will not have
[31:36] Speaker 8: the throughput to provide diesel to all of its customers.
[31:39] Speaker 8: Keep in mind that Korea presumably will look after Koreans first,
[31:42] Speaker 8: and they don't. They use a lot more diesel than
[31:46] Speaker 8: they actually produce in their own country, So we put
[31:49] Speaker 8: ourselves in this vulnerable position. The other thing that has
[31:52] Speaker 8: to happen is clearly does show us we've got to
[31:54] Speaker 8: drop this net zero madness. And that won't solve things
[31:57] Speaker 8: overnight now, but for the longer term. Here, longer terms
[32:01] Speaker 8: issues arise, the governments will just suspend all the taxes,
[32:05] Speaker 8: all of the restraints it puts on oil and gas
[32:07] Speaker 8: productions country, including including the carbon tax it applies on
[32:11] Speaker 8: our last two refineries. I mean, how absurd is that?
[32:14] Speaker 1: Good point? Now, let's again, I'm not going to pass
[32:17] Speaker 1: myself as a finances expert, but I was reading a
[32:19] Speaker 1: lot today about how the bond market was starting to
[32:22] Speaker 1: move in a direction that could concern people. This in
[32:25] Speaker 1: many ways becomes a bet about what things like interst
[32:28] Speaker 1: rates will end up being. The suggestion there is that
[32:32] Speaker 1: there could be another full one percent increase as a
[32:36] Speaker 1: result of what was already hot. Now remember this, the
[32:39] Speaker 1: government's going to pretend that everything was amazing and then
[32:42] Speaker 1: a shot was fired, right, Remember that already they made
[32:46] Speaker 1: the promise on two seventy five, and they made that
[32:50] Speaker 1: promise after they knew what was happening in Ukraine. So
[32:54] Speaker 1: international factors they don't matter. Then they'll pretend they don't
[32:57] Speaker 1: matter now, but obviously fuel feeds into everything else, and
[33:00] Speaker 1: then we're off to the inflation world. What did you
[33:02] Speaker 1: think about this today, Holly? That again, those that are
[33:05] Speaker 1: betting on where interest rates will be, they're saying a
[33:07] Speaker 1: point higher than where we are now, meaning it wipes
[33:11] Speaker 1: out all of the cuts of last year and we
[33:12] Speaker 1: go even higher than before things were cut last year.
[33:16] Speaker 9: I mean, I think this would absolutely signify the death
[33:20] Speaker 9: now for a lot of small businesses or medium sized businesses,
[33:23] Speaker 9: which obviously then flows on employment wise. There'd be a
[33:26] Speaker 9: lot of families that do not have the buffer in
[33:29] Speaker 9: their budget to afford another full percent increase in their
[33:33] Speaker 9: repayments and that will then of course flow through to
[33:36] Speaker 9: the rental market. It is just an ongoing flow through
[33:40] Speaker 9: our economy. I mean, I remember it wasn't that long
[33:42] Speaker 9: ago that Jim Chalmers was saying how what they had
[33:46] Speaker 9: done was the right economic management. They were prepared to
[33:50] Speaker 9: claim all of this credit when things started to look
[33:54] Speaker 9: a little rosier. And of course now it's everybody else's fault,
[33:58] Speaker 9: going back to men. You know, when you listen to
[34:01] Speaker 9: their argument, and to Matt's point, Australians who are already
[34:06] Speaker 9: doing it tough know that it's going to get tougher.
[34:09] Speaker 9: They don't want to hear from their government. Oh but
[34:13] Speaker 9: it's all the last government's fault. They want to hear
[34:16] Speaker 9: what this government is going to do to help them
[34:19] Speaker 9: weather this storm that is inevitably coming and I mean
[34:23] Speaker 9: every Australian can see it, and this government is just
[34:26] Speaker 9: living in some form of denial and political rhetoric and spin,
[34:30] Speaker 9: which isn't helping anybody.
[34:32] Speaker 1: Well, they also think, Matt that you know, we've got
[34:34] Speaker 1: away with it before, we'll get away with it again.
[34:36] Speaker 1: We're simply able to say Orange man's fault, Around's fault.
[34:42] Speaker 8: Well exactly, I can see they're setting the table now
[34:45] Speaker 8: for the economic mismanagement. I want to go back to
[34:47] Speaker 8: a point where you said, Paul, that they're trying to
[34:50] Speaker 8: say things were rosy before this. So I've been buying
[34:52] Speaker 8: the drum for some time that in about September or
[34:55] Speaker 8: October last year, our bond rates, the interest rates the
[35:00] Speaker 8: world lends to US at decoupled from US rates, so
[35:04] Speaker 8: we were typically running at about the same as the
[35:07] Speaker 8: US long term bond rate. And then late last year
[35:10] Speaker 8: our rates surge to be often six hundred to eight
[35:14] Speaker 8: hundred basis points sorry, sixty to eighty basis points above
[35:18] Speaker 8: the US rate, and that stayed that way. Now we've
[35:21] Speaker 8: had this surge today as well in both US rates
[35:24] Speaker 8: and the Australian rate. Clearly the markets have not been
[35:26] Speaker 8: looking kindly for a while on the health of Australia's
[35:29] Speaker 8: fiscal situation and sustainability. Now today interest rates, the long
[35:35] Speaker 8: term instraate nearly hit five percentage points. It hasn't hit
[35:37] Speaker 8: that before. Again, he hasn't hit that since twenty eleven
[35:41] Speaker 8: the last time. And in twenty eleven when it hit
[35:43] Speaker 8: five percent, we had less than two hundred billion dollars
[35:46] Speaker 8: in federal debt we are about to hit one trillion.
[35:49] Speaker 8: It was nine to ninety five last week, so we're
[35:51] Speaker 8: about to hit a trillion dollars in debt at a
[35:54] Speaker 8: much higher interest rate than we have had it for
[35:57] Speaker 8: recent times. That means a huge extra cost for all
[35:59] Speaker 8: Australia and servicing that debt over time. It's going to
[36:03] Speaker 8: make it much hard up to fun things that we
[36:05] Speaker 8: need to provide to all the strains.
[36:07] Speaker 1: Now. One of the great areas of clickbait in Australia
[36:11] Speaker 1: is to pretend baby boomers are just literally Scrooge McDuck
[36:16] Speaker 1: sitting on so much money they're swimming in gold coins
[36:20] Speaker 1: and laughing at the pores, which is their own children
[36:23] Speaker 1: and everyone else's children. This really annoys me, because every
[36:29] Speaker 1: age group works hard to be able to have an asset.
[36:33] Speaker 1: There's a certain period of time where there's a level
[36:35] Speaker 1: of what is inherited from families before. But again, people
[36:39] Speaker 1: in the age group that we talk about here, they're
[36:41] Speaker 1: facing things like age care bills that are just absolutely crazy.
[36:46] Speaker 1: But a perfect example of this was a little bit
[36:48] Speaker 1: of work that happened in the Channel nine newspapers that
[36:52] Speaker 1: baby boomers now worth six trillion and ninefold increase in
[36:56] Speaker 1: wealth in the past twenty four twenty five years, baby
[37:00] Speaker 1: boomers is sitting on a ninefold increase in wealth former
[37:02] Speaker 1: six trillion dollars soaring property and share prices. Now, of course,
[37:06] Speaker 1: remember this is about the assumption about what their home
[37:09] Speaker 1: is worth, not about the money that they actually have
[37:11] Speaker 1: from the home in which they currently live. The trusure
[37:14] Speaker 1: prepares for a federal budget which will deal with intergenerational
[37:18] Speaker 1: fairness that, of course, can become code for inheritance taxes, right, Holly,
[37:24] Speaker 1: and again the table is set where there's an awful
[37:28] Speaker 1: lot of voters, an awful lot of clickbaters, an awful
[37:30] Speaker 1: lot of people who think that the money tree that
[37:34] Speaker 1: either is Nana and Popper depending on how young you are,
[37:36] Speaker 1: or mum and dad. If you're right in that Sandwich generation.
[37:40] Speaker 1: But I'm sorry, I certainly know how hard my parents
[37:43] Speaker 1: and everyone else's parents work to get where they got,
[37:46] Speaker 1: and it wasn't easy.
[37:48] Speaker 9: Isn't it just the politics of envy that these guys
[37:50] Speaker 9: love to play and really push hard? And I think
[37:54] Speaker 9: you're right inheritance tax part of it, you know, you
[37:57] Speaker 9: do hear people say that they would like to downsize
[38:00] Speaker 9: out of their property, but stamp duty and other costs
[38:04] Speaker 9: associated with that making it prohibited for some people to
[38:08] Speaker 9: make that shift. Not every baby boomer is sitting on
[38:12] Speaker 9: some huge nest egg of wealth. Again, it's absolutely generalizing,
[38:17] Speaker 9: and the cost of age care now is significant where
[38:20] Speaker 9: a lot of those people are going to need it,
[38:22] Speaker 9: and it's not the same like it used to be
[38:25] Speaker 9: where mum or dad when they got older and moved
[38:27] Speaker 9: in with one of the kids or shared themselves around
[38:30] Speaker 9: a couple of the kids. They're going into age care
[38:32] Speaker 9: facilities because the kids have either not got the size
[38:35] Speaker 9: houses or they've got both parents working as well. So
[38:39] Speaker 9: it is the politics of envy. We know this government,
[38:43] Speaker 9: they've run out of the money they had. They want
[38:46] Speaker 9: more of your money and that's just what they are
[38:49] Speaker 9: lining themselves up to do.
[38:51] Speaker 1: Matt again, it's this I cannot stand the intergenerational war
[38:56] Speaker 1: right like again, for government that bangs on about station
[38:59] Speaker 1: cohesion all the time, they're more than happy for the
[39:02] Speaker 1: age groups to be bashing away at each other, especially
[39:05] Speaker 1: the age group that traditionally doesn't vote for them.
[39:10] Speaker 8: Well, Paul, I think one of the great challenges of
[39:12] Speaker 8: our country right now is to make sure that the
[39:15] Speaker 8: Australian dream is sustained. And part of that dream is
[39:18] Speaker 8: that the next generation of Australians are almost always wealthier
[39:21] Speaker 8: than the generation before. And young people are staring down
[39:24] Speaker 8: the possibility and they can see it, you can feel it.
[39:27] Speaker 8: They feel that they might be the first Australian generation
[39:30] Speaker 8: in history to be poor than their parents. That's a
[39:32] Speaker 8: real issue that we should tackle. I just wonder here, though,
[39:35] Speaker 8: exactly what the proposed solution is, because apparently, apparently the
[39:38] Speaker 8: solution is to take money off people, off the assets
[39:42] Speaker 8: that would have gone to the next generation through inheritance
[39:46] Speaker 8: and bequests and give it to the government. I mean,
[39:48] Speaker 8: how does that help anybody? I mean, it's anybody money
[39:52] Speaker 8: this government is wasting. Well, it doesn't even do that
[39:54] Speaker 8: wholly because it just goes to rich people here in Canberra. Well,
[39:58] Speaker 8: what do people think that's revenue comes in here in
[40:01] Speaker 8: Canberra and then goes and helps you on the street.
[40:04] Speaker 1: That's not how it happens.
[40:05] Speaker 8: There are a lot of hands in the bye here,
[40:07] Speaker 8: there's a lot of waste. It'll go to a lot more.
[40:09] Speaker 8: We need a lot more NDS providers in La Camber.
[40:11] Speaker 8: There's not enough of those a lot more waste from
[40:16] Speaker 8: this government on the on the bureaucrats it's employed massively,
[40:20] Speaker 8: amount's massively increase. We have more bureaucrats in our per
[40:22] Speaker 8: thousand people than anywhere in the country, anywhere in the
[40:25] Speaker 8: world with a population of a five million people. That
[40:27] Speaker 8: is not going to help the younger generation. The only
[40:29] Speaker 8: way we give them that Australiane dream is to get
[40:33] Speaker 8: back to focusing on making our economy work, making business
[40:36] Speaker 8: work in this country, making wealth again in this nation.
[40:40] Speaker 8: That's the way we'll deliver for them, not by making
[40:42] Speaker 8: government bigger.
[40:43] Speaker 1: Senator's current and former. Thank you very much. I look
[40:45] Speaker 1: for to see you again both very very soon. All right,
[40:47] Speaker 1: straight after the breakway Chad to Matt Dolan in the
[40:51] Speaker 1: Mark Dolan sorry in the United States, United Kingdom. Oh wow,
[40:54] Speaker 1: good hosting right now, huh. He will join us to
[40:57] Speaker 1: talk all things happening in the UK and Harry and
[41:00] Speaker 1: Meghan are planning to come to Australia. Pub Deep Vack
[41:03] Speaker 1: inq A SEC. Thank you very much for watching. There
[41:11] Speaker 1: is some potential breaking news which we are trying to
[41:14] Speaker 1: verify through other reports here that apparently the brand new
[41:18] Speaker 1: leader of Iran may will have been injured in a attack.
[41:24] Speaker 1: Now let me just read directly here. There are international
[41:26] Speaker 1: sources we're double checking here. The Daily Telegraph is reporting
[41:30] Speaker 1: as we speak on their website that Iran's newly appointed
[41:34] Speaker 1: Supreme Leader has been injured in strikes. According to Iranian
[41:37] Speaker 1: state media that he apparently had been wounded in what
[41:41] Speaker 1: they are referring to as the Ramadan War. He's described
[41:47] Speaker 1: as an injured war veteran right now. Israeli security officials
[41:53] Speaker 1: believe that he was wounded but still alive after targeting
[41:57] Speaker 1: in an air strike. This is according to the reporting
[42:00] Speaker 1: that is on the Times of Israel website. So that
[42:03] Speaker 1: is a report. We will try to stand it up
[42:04] Speaker 1: and give you more information about it before we go
[42:07] Speaker 1: off the air, but no doubt more in a moment
[42:09] Speaker 1: of course, in the late debate now featuring our Daneka
[42:13] Speaker 1: to Georgia, congratulations and welcome to Primetime to Daneka and
[42:17] Speaker 1: joining the boys. In about eleven minutes, Mark Dolin is
[42:20] Speaker 1: standing by hearing the same news at the same time
[42:21] Speaker 1: as we are. He works for Talk TV in the UK,
[42:25] Speaker 1: and it again puts a little more highlight on an
[42:27] Speaker 1: ever growing situation that looks like it is remaining at
[42:31] Speaker 1: the pace that it has been for some time, which
[42:33] Speaker 1: puts a lot of pressure back onto Kiir Starmer. We
[42:36] Speaker 1: saw over the past couple of days that he started
[42:38] Speaker 1: to say that he might eventually start to move what
[42:41] Speaker 1: he needs to ships into the area, but Trump's told
[42:44] Speaker 1: him basically too late.
[42:48] Speaker 3: Most definitely, Paul, the expression the UK being America's poodle
[42:52] Speaker 3: used to be an insult. Now as a statement of fact,
[42:56] Speaker 3: our military has been so hollowed out over decades that
[43:00] Speaker 3: America called the shots, which is why it's mystifying and
[43:03] Speaker 3: mind boggling that when the United States asked for access
[43:07] Speaker 3: to UK air bases just to refuel their planes, our
[43:12] Speaker 3: incredibly woke prime minister, who's in the pocket of the
[43:16] Speaker 3: block Muslim vote in the United Kingdom, said no, this
[43:20] Speaker 3: is extraordinary. It's unprecedented. And even his predecessor, Tony Blair,
[43:25] Speaker 3: very successful labor prime minister three general election landslides, said
[43:30] Speaker 3: this is crazy. When America asks for help, you show up.
[43:35] Speaker 3: If America says jump, we say how high. It's a
[43:38] Speaker 3: shame that that's a situation. We've brought it on ourselves.
[43:41] Speaker 3: We're a classic example of once great European democracy in
[43:45] Speaker 3: decline as a result of political decisions. And now our
[43:49] Speaker 3: prime minister can't even do the right diplomatic thing and
[43:52] Speaker 3: be therefore the UK's number one ally be Clearpoul. Without
[43:56] Speaker 3: America's military might, we're toast well.
[44:00] Speaker 1: Also, there had been such attempts from Starma to build
[44:04] Speaker 1: a bridge with Trump. We saw that when he was
[44:07] Speaker 1: trying to do so in and around matters to do
[44:10] Speaker 1: with Ukraine. Remember there was the red carpet, the meet
[44:13] Speaker 1: the King, the second State visit. There was all of
[44:16] Speaker 1: these attempts to sort of position himself, not necessarily as
[44:21] Speaker 1: the sheriff or the sheriff's deputy, but perhaps to be
[44:25] Speaker 1: sort of the chief Trump whisperer. The decision here, and
[44:29] Speaker 1: it's obviously based off the domestic politics of not wanting
[44:32] Speaker 1: to be pulled in a direction with Theoretically, and again,
[44:36] Speaker 1: I love all these people about forever war. It hasn't
[44:40] Speaker 1: been two weeks, right, Forever is longer than two weeks. Okay,
[44:44] Speaker 1: now the President has said a month. We all hope
[44:46] Speaker 1: that it was over yesterday. But this forever stuff, it's
[44:50] Speaker 1: sort of a bit of an example about our lack
[44:52] Speaker 1: of a lack of attention span that we think that
[44:54] Speaker 1: a week or a week and a bit is the
[44:56] Speaker 1: beginning of forever. But again trying to pull back. But
[45:01] Speaker 1: again the reporting that's around this evening. Again, I'm trying
[45:04] Speaker 1: to get our team to get further information about this
[45:08] Speaker 1: new Uranian leader and potentially being injured. But your thoughts
[45:12] Speaker 1: about him, I mean, surprise, surprise. They picked the Sun
[45:15] Speaker 1: because they expect the Sun to be the new version
[45:18] Speaker 1: of the dead, and because of course he by definition
[45:22] Speaker 1: would be much younger. Well, there's a lot more road
[45:24] Speaker 1: for him to run, to be even harder than his
[45:26] Speaker 1: dad was.
[45:28] Speaker 3: Well, that's right, And actually there's trouble in paradise, Paul,
[45:32] Speaker 3: because the assembly of experts who are the shadowy group
[45:36] Speaker 3: that choose the supreme leader. I'm not going to use
[45:38] Speaker 3: the word elect because Iran is far from a democracy,
[45:41] Speaker 3: but the channels incolo, Well this is exactly and it's
[45:45] Speaker 3: a cartel, isn't it, Paul, And they choose the next
[45:48] Speaker 3: eye teller. Interestingly, they don't like the inch incestuous that
[45:52] Speaker 3: a nepotism approach, right, it's not hereditary, it's by no
[45:56] Speaker 3: means automatic that the offspring would get the gig and
[46:00] Speaker 3: normally it's about your level of clerical expertise, you know
[46:04] Speaker 3: your expertise religiously, and of course your history of leadership.
[46:09] Speaker 3: This guy is a nobody. He's come out of nowhere.
[46:11] Speaker 3: He's a mog Taba Komene, as you've just broken live
[46:14] Speaker 3: on the show, now injured, which brings with it diplomatic implications.
[46:19] Speaker 3: There's clearly no love lost between the Iranian regime and
[46:22] Speaker 3: the US regime, and its new leader has not just
[46:25] Speaker 3: lost his father, but has now been injured himself. He's
[46:28] Speaker 3: fifty six years of age. He's the second of Komeni
[46:32] Speaker 3: Ali Komene's children. And it's interesting because the wiki leaks
[46:37] Speaker 3: in the late two thousands revealed that although we don't
[46:39] Speaker 3: hear much from this guy, very little by way of
[46:43] Speaker 3: footage of speeches or videos, he's known as a capable
[46:47] Speaker 3: and forceful figure, described in the WikiLeaks documents as the
[46:51] Speaker 3: power behind the robes.
[46:53] Speaker 1: Yeah, the Times of Israel has for the reporting about
[46:57] Speaker 1: what we're suggesting here that has been run by our
[47:00] Speaker 1: colleagues and multiple other websites, The Daily Telegraph in Australia,
[47:05] Speaker 1: the Sun in the United Kingdom. Again is that Iranian
[47:07] Speaker 1: state television has a reporter on the ascension of the
[47:10] Speaker 1: new Supreme Leader that he has been wounded in the war,
[47:14] Speaker 1: again referring to him as wounded by the enemy during
[47:18] Speaker 1: Ramadan's war. They haven't elaborated, however, on exactly what or
[47:24] Speaker 1: where the situation was. This is all again still breaking news,
[47:27] Speaker 1: and that's the Israeli version of the news that again
[47:31] Speaker 1: he's starting to echo around the world. Will all find
[47:32] Speaker 1: out more in the next little while. Yes, from that serious, if.
[47:36] Speaker 3: The Boss, Paul, if the Boss has been hit, he's
[47:38] Speaker 3: not going to be too happy. And this will have
[47:40] Speaker 3: a dimension in terms of how Iran acts because I'm
[47:43] Speaker 3: not convinced that Donald Trump wants regime change. I think
[47:46] Speaker 3: he wants disarmament, and I think he'll do business with anyone.
[47:50] Speaker 3: He'll even do business with this guy. But does this
[47:52] Speaker 3: breaking news make that now impossible?
[47:54] Speaker 1: Well, I mean, remember there was a scenario where Trump
[47:58] Speaker 1: at one point was actually saying, what we should be
[48:00] Speaker 1: in the room to help pick that. That's not going
[48:01] Speaker 1: to happen, right, But again, as it was with Venezuela,
[48:04] Speaker 1: by the removal of the president and finding the new one,
[48:07] Speaker 1: they've got a new person to deal with and seemingly
[48:10] Speaker 1: it is more friendly as always, you right across at MAPE.
[48:12] Speaker 1: We'll see you on Talk TV and look forward to
[48:14] Speaker 1: seeing you on your YouTube channel as well. Marke dolland
[48:16] Speaker 1: there in the United Kingdom. Quick break back with more
[48:18] Speaker 1: here on Paul Murray Live Late Debate with the Nika
[48:20] Speaker 1: to Georgio each and every night about four and a
[48:23] Speaker 1: bit minutes from Mere Hey, just enough time to tell
[48:29] Speaker 1: you that we have got another ourtown coming up in
[48:32] Speaker 1: a couple of weeks. We are going to be going
[48:33] Speaker 1: to beautiful Port mcquarie. I love Port mcquarie, Oh. Some
[48:37] Speaker 1: of the best seaside eating the breakwater is great. The
[48:41] Speaker 1: old Art Deco Cinema will be celebrating it from the
[48:44] Speaker 1: twenty ninth of March. If you'd like to join us
[48:46] Speaker 1: on the mid North Coast ourtown, it's gone news dot
[48:48] Speaker 1: com dot au see tomorrow

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