Willis's Walkabouts Top-Level Menu

  Newsletter 128, 2024 - Willis's Walkabouts

Willis's Walkabouts Newsletter 128, May 2024 ― World War III Has Already Begun

If you are viewing this on a mobile, the newsletter and many of the links should work better in a horizontal format.

Our world has changed and most of us don't know it. You may not recognise it as war, but WW III has already started. It will get worse before it gets better. More than anything else I've written, this section needs a leisurely read over the course of a few days.

If you have even the slightest interest in doing one of our trips this year, have a look at the WW 2024 ― Last Chance. We've already had to cancel a lot of trips. More cancellations coming soon if we don't get bookings.

Restricted content. Articles marked * or ** are on restricted websites Click for more info, including how you can sometimes avoid the paywalls.

. Willis's Walkabouts logo

WW 2024 ― Last Chance

Since the last newsletter, I've had to cancel more trips. If enough people don't want to book well in advance, the business may not survive much longer.

Definite Departures ― Space Available

Last Chance Deadlines

If we don't know a trip will run well in advance, we can't be sure we'll have a guide. The following are all under threat. Advance purchase discounts still available on all of them.

  • August. If the following trips do not have at least four bookings by 5 June, they will be cancelled.
  • September. If the following trips do not have at least four bookings by 30 June, they will be cancelled.

    Guiding for WW

    We desperately need new guides who are available for only a few trips per year. I recently had two enquiries from people interested in working for WW but when I said that the work was irregular and asked about their off-track bushwalking experience, neither replied. Whether the problem was the irregular nature of the work, the needed off-track experience or both, I can't say.

    What I can say is that one of my newer guides went overseas to do some training because no one in Australia was offering training that was relevant to the kind of trips he wanted to lead. If you or someone you know might be both qualified and interested, please let me know.

    Return to top

Your Health

Return to top

Disposing of the Body

We all have bodies. Something has to happen to them when we die. Depending on how and where you die, You might be able to donate some useful spare parts and save someone else's life. Organ Donation is easy. I've registered. Have you?

But even if you can donate some bits, there is still the rest of the body to dispose of. Here's an alternative you might not have thought of.

Return to top

Economics ― Time to Ask Why

Robert Kennedy once said, "Some men see things as they are and ask, "Why?" I dream things that never were and ask, "Why not?"" That was a paraphrase of a quote from George Bernard Shaw, "Some men see things as they are, and say why. I dream of things that never were, and say why not." Our economy seems to depend on more and more people spending money they don't have to buy things they don't need while destroying the planet in the process. Asking why is not enough. We need to look at alternatives and ask, "Why not?"

  • The price we pay for things does not reflect their True Cost
  • Rethinking Economics
    "When efficiency comes with upward wealth redistribution, our recommendations frequently become little more than a license for plunder."
  • More money does not mean more happiness. Maximising happiness might be a much better goal than maximising a flawed GDP.
  • Beyond GDP: Three Other Ways to Measure Economic Health
    They all have their problems but all seem better than GDP.
    The better life index covers only 41 countries but it does allow you to pick which factors are most important to you and adjust the scale accordingly and see which countries are more like what you'd like to see.

A Finite World

We live in a finite world. Population growth will stop at some time. Why not sooner rather than later?

Most politicians think that the population of their country should keep increasing. Why? If we took a different view of economics we might realise that some of our problems are caused by increasing numbers.

  • The uncomfortable truth about record high immigration levels, rents and inflation
    Our immigration intake, meanwhile, is running at record levels with up to 600,000 arrivals expected this calendar year. If we continued at that rate for four years, there'd be enough people to fill a city the size of Brisbane.
    The IMF is a textbook case of how intelligent individuals become consumed by textbook solutions to real-world problems. Rather than suggest scaling back the intake of new arrivals, it instead proposes to scale back on the necessary infrastructure needed to accommodate those new arrivals.
    Our politicians have been more than happy to import people but they've been unwilling to spend the required money on ensuring our cities work properly.
  • New record set for number of international students in Australia
    The 700,000 visa holders helped push the total of temporary entrants to 2.8 million, another record. They bring income into the country but all these people need housing. They contribute to the housing shortage.
  • Review finds Australia's migration system in need of 'major reform'
    Australia's migration system is "broken" according to a review which warns "tinkering" around the edges will not work and "major reform" is needed to attract the best workers, drive economic growth, and protect against exploitation.

I've been in Australia for 50 years. I love the Australian bush. It used to be possible to find nice bits of bush near cities. It's getting harder and harder. Why not stop growing the population while there is still bush to be preserved? Why keep importing people we don't have housing for?

Return to top

World War III ― It's Already Begun

At this point, it doesn't look anything like WWI and WWII. Hopefully, it never will, but, even so, the consequences will be just as large. 2½ years ago, Dr Pippa Malmgren published a piece explaining why she believed this. This was recently updated at the Mauldin Strategic Investment Conference.

  • WW III Has Already Started
    This is the original article. "War itself is digitizing, just like everything else. That may mean the confrontations and conflicts of our time may be very different from anything we've experienced before."
    "The new battlespace is literally in space, as in outer space. It is in digital cyberspace. Wars are no longer about armies and land. Now it's about Navies, the high seas and extremely remote locations like extremely remote islands in the Pacific and the open oceans."
    "The point is that we had ten days to save the world when the US and Russia stood on the brink of a nuclear exchange in 1962 during the Cuban Missile Crisis. Today missile systems are so fast, and increasingly automated. Will we even have minutes, let alone days?"
    "WW III may feel benign because it is silent, because it is digital, because it is occurring far away and without civilian involvement. Investors have priced geopolitical risk at zero. Until the public awakens to the true situation, the enormous gap between those who are in the know and those who don't know is a danger to everyone's future."
  • World War III is a very recent update. Things are playing out much as Dr Malmgren suggested in the article above.
  • Conflict Driven Capex is an excerpt from a panel discussion at the recent Maudlin Strategic Investment conference. While they make their points in different ways, all the panellists agreed we are effectively at war.

Misc Articles Supporting the Above

Return to top

Artificial Intelligence

Return to top

Political Corruption

One form of corruption is failing to take an action which would benefit the general public because it is in your interest to leave things as they are.

  • After a decade in the job, Deborah Glass reflects on her time as Victoria's ombudsman
    Ms Glass told the ABC in her final interview as ombudsman, some of the things Mr Andrews said in his last year would suggest he did not respect her or her office. "One of the things I found most disappointing is the lack of respect to the findings of integrity agencies and attempts to dismiss that," she said.
  • Australians lose $5,200 a minute to scammers. There's a simple thing the government could do to reduce this. Why won't they?
    Australia loses more in total than the UK which has 2½ times the population.
    Other countries do what is suggested in the article. Neither of our major parties has the nerve to do anything that would disturb the major players who would stand to lose if the reform were instigated.
    In Australia in 2022, only 13% of attempted scam payments were stopped by banks before they took place. Once scammed, only 2% to 5% of losses (depending on the bank) were reimbursed or compensated. In the UK, the top four banks pay out 49% to 73%. And they are about to pay out much more.
    Ask yourself why our politicians won't consider a similar move.
  • Independents move to ban mega donations in far-reaching political transparency overhaul
    Crossbenchers including the Greens and the Jacquie Lambie Network back proposal that would ban $1.5m-plus donations and tighten the definition of gifts but does not include spending caps.
    Seems sensible as far as it goes. Will the major parties kill it?

Return to top

Why We Still Need Cash

Do you really want someone else to be able to see every last cent you've spent, when you spent it and what you spent it on? If we go cashless, that's what will happen. Here are a few stories worth thinking about.

  • Bank branch closures and disappearing cash is making life harder for many
    Being forced to go digital is causing problems for older Australians and First Nations communities.
    If possible, I don't do business with places that don't accept cash. If it were practical, I'd offer a cash discount as my little part of fighting back.
  • Money transporter Armaguard is in peril. Could cash be dead sooner than we think?
    The Reserve Bank of Australia (RBA) has a vested interest in maintaining cash as a store of wealth and means of payment for many people, particularly as a backup option when electronic payment systems are unavailable or offline.
    Much further down the road than Australia on this journey, Sweden has become one of the most cashless societies in the world. But this has prompted a degree of backlash in the country.
    The governor of the Swedish Central Bank, the Riksbank, recently called for urgent legislation to protect both notes and coins as a payment option for Swedes: Cash is needed to avoid people suffering digital and financial exclusion.
    The Riksbank says the banks should be mandated to accept deposits of banknotes and coins and ensure their customers can withdraw cash from both branches and ATMs.
  • The article above links to Cash may no longer be king, but the Optus debacle shows it is still necessary
    Going cashless is a form of privatising money. It moves transactions into a world where you must rely on banking institutions to buy and sell things while someone is making money off your financial dealings through fees. We wouldn't usually think about this as similar to selling off the power grid but in some ways it is.
  • Cash is disappearing at a rapid pace ― should we be worried?
    Another issue with the end of cash are the growing security risks such as cyber scams and other forms of cybercrime.
    We all know instinctively that parting with cash is much easier with a tap of the phone than actually going through with spending cash out of your purse or wallet.
  • Given the Risks of a Cashless Society, Why Not Just Keep Cash?
    If an economy operated solely on cashless transactions, power or internet outages will bring it to a standstill until services are restored, and cyberattacks would be similarly damaging. In an economy with cash and cashless working together, when the latter is unavailable, people can continue to make essential purchases using cash.

Return to top

Next US President ― Maybe Someone Unexpected

The American political class was blindsided by Donald Trump. It just MIGHT happen again.

It is conceivable that the next US president will be neither Biden nor Trump. Click the link to see who and why it just might happen.

Personally, I think the political classes in both America and Australia need a good shake up. the only way that will happen is if people vote for someone else. Easier in Australia with preferential voting, but harder in America. But even there, political parties have been replaced before. It could happen again.

Return to top

The Lighter Side

Humour

Soccer Dog I can't help but wonder if some of the moves would be legal if a human was doing them.

Random Thoughts

Follow Ups from Newsletter 127

Misc

  • Considering the section on WW III, I thought it appropriate to include something from WW II.
    Sunao Tsuboi, 96, Dies; Hiroshima Victim Who Lived to Tell His Story *
    After suffering through the agony of the attack and its aftermath, he devoted himself to spreading the message that nuclear weapons should be abolished.
  • Francis Birtles. For some years, I've had a little note in my newsletter info mentioning Francis Birtles and cars. Time I put it in. Birtles is now mostly forgotten but his exploits captured the imagination of a nation.
    • Birtles and the Sundowner car
      Francis Birtles captured Australia's imagination with his daring and fearless overland journeys in the Sundowner, named for Birtles' habit of arriving at outback homesteads just in time for dinner.
    • Francis Birtles biography
      He became, in 1927, the first man to drive a car from England to Australia. The journey was not repeated until 1955.

Return to top

News About This Newsletter

Restricted websites. The NY Times allows non-subscribers to look at ten free articles each month. I've got more links than that in this newsletter so I've marked them with a red asterisk (*) so that you can choose which are of most interest to you. Bloomberg allows three free articles. The Washington Post and The Economist both have limits but I'm not sure what the current limits are so I've marked their articles with a double red asterisk (**).

How to Get Past a Paywall to Read an Article for Free
Even if you regularly support journalism by paying, sometimes you need to get around it.

Coming Next Issue
  • Climate Change
  • Your carbon footprint. I got some surprises. I hope you will too.
  • How our society is changing.
  • Not sure what else. It will be a surprise to me as well as you.
  • When? Hopefully July

As always, I welcome a bit of feedback about some of the things in this newsletter and suggestions for the next one.

Sending the newsletter

I'm now using a paid version of MailChimp to send all of the newsletters. I'm not sure what I'll do if the list goes over 2500.

walkabout@bushwalkingholidays.com.au is the contact address on our website. If you would like to continue to receive these newsletters, please include this address in your "friends list" so that it isn't blocked.

Emails sent to walkabout@bushwalkingholidays.com.au are currently automatically forwarded to rrwillis at internode.on.net. If you want to send an email to that address, replace the word "at" with the symbol @. I am trying not to put that address any place where it can be harvested by spam bots.

We don't want to add to the mass of email spam. If you don't want our newsletter, please send us an email and let us know. We'll then delete your name from our newsletter list.

Our email address is walkabout@bushwalkingholidays.com.au.

Note. Both MailChimp and the other program we use to send some of these newsletters have an automatic delete at the bottom. Clicking that link will delete you from the mailing list on the server but it will not delete you from our main database. One of the programs will not allow the auto delete to send me an email notifying me that a deletion has been made. If you want to be sure that you are removed from all further mailings, please send an email to walkabout@bushwalkingholidays.com.au

If you know someone you think would enjoy this newsletter, please forward it to them. The more people who get it, the more likely it is that I'll be able to run the trips which might interest you.

I hope you enjoyed reading this as much as I enjoyed preparing it.
Russell Willis

Return to top