Stocking up on Cabbages. The end is nigh!

Almost There

Almost There

Here in Australia and in the state of NSW, at least grey-hound racing is being stopped and outlawed. They call it a banning of a sport! Lots of people are up in arms about it and claim it is a livelihood for them. However, the livelihood is the betting of money. It is the same with horses and racing. Take away the gambling part and no one would give horse-racing a second look. People could well end up eating horses instead of racing them around.
We all will be lucky to get out of this mess alive. We are stocking up on cabbages and sauerkraut.

The financial tectonic plates are rumbling,scrambling yet again. The US treasure notes pared early gains. The thirty year rate dropped from 1,099% to 1.007% when news got around that Turkey is having a coup. Two bridges across the Bosporus have been closed to incoming traffic and Turkish Pide stall holders are nervously looking over their shoulders. They are getting ready for a run by the public on food items, especially yoghurt.

The German bund rate was just about getting back into the positive territory again, when first Nice and now Turkey shemozzle, it went back in giving investors a mouth-watering negative return.

Our Australian pension is means tested and subject to ‘deeming.’ It meant, when applying for the old-age pension the first time, we had to empty our pockets and show our savings accounts. We are supposed to inform the government whenever our financial situation changes. Even the value of our car and furniture is taken into account in determining the fortnightly pension. The total amount is ‘deemed’ to earn an interest which is then used to lower the pension accordingly. An exemption is the value of our house. We are allowed to have a house.

However, the deeming rate set by the Government is getting tricky. Interest earned on savings is almost zero and getting lower. It will be interesting to see when banks in Australia will be giving negative rates on savings. It is already happening in Japan, Switzerland and Germany. Can one imagine paying the banks to keep our savings? Will the Government in deeming and ‘mean’testing of pensioners increase our pensions proportionally? After all, if interest earned lowers the pension, interest paid out ought to then result in getting compensated as well.

It is a complicated world. Who would have thought people are now investing in negative returns. Some are now shifting money into gold, works of art or old furniture. There are nervous hordes of financiers roaming the world, shifting currencies and doing their well practiced dodgy deals again. Of course, during a real crisis, food is what really counts. This is why we are keenly eyeing the food supply. Did you know that the red pickled cabbage sold out within the first day it appeared here in Bowral’s Aldi? We went back yesterday hoping to buy some more but it was all sold out. We bought the last few jars of sauerkraut.

Even so, the sun is out and Milo is on his favourite cushion. He occasionally looks at us, tries to stir us into getting dressed to go for our daily walk.

All is well in this household.

Tags: , , , , , , , ,

12 Responses to “Stocking up on Cabbages. The end is nigh!”

  1. Yvonne Says:

    It’s going to get lumpy, with all that money stuffed under our mattresses! Especially if we keep our jars of saurkraut under there as well.

    Liked by 2 people

  2. gerard oosterman Says:

    We are using the roof cavity for stocking up the cabbages and old socks for stuffing negative earnings.
    I might set up a Roof Cavity Consultancy business to supplement diminishing earnings. Print business cards and get caps with Cavity-Inspector printed on them.

    Liked by 1 person

  3. petspeopleandlife Says:

    Gerard, in my opinion, governments don’t want its citizens to have any money. They expect us to live on hot air so that they can continue to confuse and abuse its citizenry.

    But I think that Australia is a bit worse after reading your post. I don’t get that sort of retirement where people are not allowed to have anything extra. In the US, most folks have social security which is based on how much one has paid into the “system.”

    I’m fortunate to have been a civil service employee (government) and I get what’s considered a good retirement. If one can tolerate working for the government then one is pretty well set, that is, if one manages one’s money.

    Liked by 1 person

    • gerard oosterman Says:

      The pension in Australia is often regarded as a ‘hand out’ for those that failed to make a go of it and not able to look after themselves in old age.

      In Holland everybody, regardless of wealth, gets the basic pension which is seen as an entitlement that society through taxation, have contributed to.

      I am glad to hear that in the US it is better. Not that I ever get to hear about good social benefits in the US. I heard some time back, that old grannies get dumped along high-ways by their ungrateful adult children who refuse to take care of their parents.

      Mind you, children looking after ageing parents has gone away here too. It is more likely to be the other way around. Old parents, limping towards and propping up dreadful wasters of some adult children.

      Liked by 2 people

  4. shoreacres Says:

    I’ve been thinking about what I would stash. Red cabbage, maybe. Sauerkraut? Not so much. Peanut butter and jelly? That’ s more my speed. If you don’t have bread, you can put it on cracker, or celery sticks, or bananas. And if you don’t have any of those, straight out of the jar will do!

    Liked by 2 people

    • gerard oosterman Says:

      Yes, you have some good ideas, Linda. I can see myself sitting up in my roof cavity dipping the banana in some jelly with a cracker and peanut butter afterwards. Munching on my celery stick I would have to be more careful in case this get heard and rouse suspicion.

      Liked by 1 person

  5. roughseasinthemed Says:

    Times are dire, although hopefully improving for Aussie greyhounds. Used to work for someone once who took them in after they were discarded from racing. Poor fragile beautiful animals. Unlike the people who owned them and the people who bet on them.

    My partner always said we should have taken the safe from my parents’ house. How annoying when a partner is right.

    Liked by 1 person

    • gerard oosterman Says:

      Many people are now trying to get support for not banning the ‘sport’ of dog racing. They say it is an industry that employs people. I don’t see much of an industry. What does dog racing manufacture? Does it make little jackets or mouth guards?
      I think racing animals for the amusements of people is on par with dancing bears or bull fighting. Cruel and useless. The bull gets slowly tortured to death.
      I went to a horse race once back in 1959 or so. All those people shouting like demented idiots when the race was on. It had nothing to do with beauty of horses and everything to do with their horse of choice winning the race so they could collect money.
      Those that did not win money looked dejected and sad. They were always the majority. You saw them with hunched shoulders, sitting in the bus, back to the rail-station and then home to wife and children. No money for food.
      I too lost small amount of money. I never went back to another horse race ever.

      Like

  6. Curt Mekemson Says:

    Had a greyhound once, Gerard. She was a beautiful dog who had been living off the country for weeks, if not months. Watch out ground squirrels and jack rabbits! One day my mother stopped our car, opened the car door, and invited the dog in. The rest was history. She was a wonderfully gentle animal (except when going after rabbits and ground squirrels) and she and I spent many happy years wandering the back country. I always think rescue animal are appreciative of their rescues. —Curt

    Liked by 1 person

  7. kaytisweetlandrasmussen83 Says:

    We should probably all start burying cash in cans in the garden. A rather well to do woman did keep her money that way some years ago. I hope her family knew which flower bed it was hidden in.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: