SECTION FOUR, PART THREE

YOU WONDER, why? The West must have too much wildflower pollen in the air. In the 1970's, Western Australia had a particularly colourful reputation for trying to make up the size of mining resources as a way of getting the greater fools from the brokers/sharemarket community to pay silly prices for listed companies. Think about salting mines, and assay cores to try to get some inflated sense of the size of ore-body, or inferred resource. So notorious that some companies entered the lexicon of the day. Poseidon, Narbarlek. Australian even had major enquiries, and the NCSC was born as a result. Cowboy capitalism at its very worst. So the lesson......nothing changes, but the social contract lesson.....community perceptions of justice do not positively correlate with wealth, and rich bastards do not have a different standard of meeting the requirements to be honest. There are a couple of delicious switch-back loops this time. First the primary player...Andrew "twiggy" Forrest. His first foray at special Western Australian status relates to Anaconda, and he didn't cover himself in glory. Never mind...let's recalibrate. The calibration was Fortescue, and there was enquiries about whether FMG put out deliberately misleading press releases about the status of its business contracts. Twiggy was even being examined about whether he was a fit and proper person to be a Director. In the 70's it was falsifying assays, in the 00's it is press releases. See ....nothing changes. Not to mention, lots of early stories about poor grade resources, broken trains, dead workers in housing, aka, shipping containers. Still, he fought through to be able to make tax-deductible named scholarships donations,... No doubt so Western Australia can make an academic framework to its infamy. Is Twiggy alone...no, there are lots of money made from bullshit press releases, which overpromise, but are designed to short fuse a profit opportunity. Ask Richard Branson if he has ever seen the practice of this is any of his airline activities. Ask anytime, a broker puts out a tendentious comment, when he is looking to exit his positions via the patsies who are following the commentary's advice. So should the Twig be able to redeem himself by subsequently throwing his money to the great unwashed. Actually, no. Governments dont receive plaudits by throwing money to the unwashed...nor should they. Private philanthropy doesnt redeem illgotten. But the funny twist. The Twig thought he should be able to comment about last week's fuglie, by criticising Gina. Talk about the West eating its own. Thats like Narbarlek calling Poseidon crooked. Shouldn't there be some solidarity between sandgroppers. Maybe the twig thinks he is so important he can call out Gina. But Gina's got more money, and at least her resources have typically been pretty sound. The twig is almost as unappealing as Gina, but i must admit the press release concept really grates. You see, the bernank thinks that the world is controllable through announcements....part of his research is falsely attuned around announcement effects, and his belief that runaway inflation is controllable by saying that "we are watching it closely" will be fully supported by Yellen. She has said so in the past at speeches that i have heard her give.. I have a new press release.....i am always right...now send money as quickly as you can. Does this work for you?