<caption><image_2>The image is a screenshot from a video called "Moving On TV". It shows an elderly woman with blonde hair, wearing a purple dress and a flower crown on her head. She is smiling and appears to be laughing. In the background, there is a purple curtain with a star design on it. On the right side of the image, the logo for the video is visible.</caption>hey guys welcome to the awakening god i haven't done an awakening for a while um i've received an eviction notice as you know most of you on friday as i've been on facebook on the north telling you um not even a week since i received the eviction notice um to leave um by the 14th of november guess what again around christmas because whenever they evict you it's always just before christmas as we know so went into huge panic huge terror i didn't know what to do with myself as usual um i'm living on my own separated from my husband and when he told me i just flew off the handle went crazy um didn't know what to do anyway over the last couple of days done a lot meditation i've been staying in the now with the elastic band as much as i can but the story kept coming back where you're gonna live what you're gonna do who's gonna take the cats and it went on and on and on as you know some of you and then at some point i thought there was little things coming towards me but the ego wouldn't even look at it still won't look at it um everything but bit by bit it is i started a petition on change.org and i thought to myself this is the time now to change the law for all of us and i want to have some clauses in this law i want to have some clauses for all of you anyone who's who's renting any tenants i mean you pay such a fortune forgive me a sec i'm just going to have some soup i made my own soup it's from my beetroots that i grow in the garden wonderful you can't beat your own beetroots i can't beat you on beetle it's that's funny isn't it where was that yeah so um i want to set out some clauses here um when it comes look at me then see the mind clauses claws cats what let's go okay some clauses that i want to outline here i'm moving on tv and to protect tenants from now on you have a right to be protected we have a right to be protected this is an awakening this is a new time these okay these are my suggestions number one i'd say the most important thing in the whole of this okay so if we put them in a different order guys because i've been talking to you about this number one when you sign you have protection not two months or three months but at least six months there is no way that you can put a human being under the pressure to get out in two months particularly if they've got a family no that to me should be the number one clause you change the tenancy agreement and i will ask one of one estate agent one estate agent to work with me it could be the one i'm with at the moment tim russ because they are kind i must admit there is kindness in them and get to know your landlord see i know my landlord we are working together okay so it's about awareness as well but clause number one meet your landlord make them a real person and together with them and the estate agents you create a clause a human right clause that you are not given two months to get out you are given at least six months okay i'm going to be very tough here and i'm going to say that landlords should not be allowed to rent properties to human beings anymore if they will not abide by these terms from now on the tables are turned in order to create more balance tenants need rights okay so clause number one is you cannot be evicted with less than six months six months because it takes a long time to find a suitable accommodation for you and your family not only that children have to be moved from one school to another this is out of order six months is the minimum and if you have a child and you've got to move them from school you've got the estate agent and the landlord have to help you find accommodation suitable accommodation near where your child goes to school if you have a pet if the landlords are not agreeable for you to rent with a pet then they get struck off because your pets are your babies if you haven't had children like me which i hope to have when the med beds come along because i'll be 20 30 years younger who cares i'll be able to have a child please god anyway let's not go there if you have a pet no one can force you to give your animal away again you sit down with a landlord and the estate agent and you decide together how to protect the property i have two cats they never scratch anything they never break anything animals are very well behaved if you teach them how to behave your animals are your family so clause number two you if you will not accept animals children need animals to help them grow to help them develop what's the harm in them having a little guinea pig or a rabbit or an aquarium for god's sake cats are so well behaved and so are dogs it's up to you to bring your animal up so to speak to be a respectful animal and you can get references from the other properties of how these animals behave so work with your landlord work with your estate agent i am asking for tenants rights okay that's clause number two your pets and this will go on the petition clause number three never be allowed to evict anyone around the christmas holiday never ever do that again and never evict people in the winter because where if they are homeless if they're vulnerable they might get sick they're more likely to get sick in the winter look if you evict people in the summer or in the spring you give an eviction i don't want it to be called an eviction anymore what i'd like you to do is have a meeting a meeting with your tenant like a human being you sit down you have a cup of tea and you say i need you to vacate the property because i am selling that's what i did with the landlord that i have he's a nervous wreck he's stressed out he can't be a landlord anymore we sat down and we discussed this and he gave me till january now you sit down and you talk you work together it's part of their responsibility as human beings you pay the estate agent you pay the landlord more than people pay for mortgages it's their responsibility and yours to work together never evict a human in the winter please if you victim in spring they've got time there to get out in the summer every the sun is shining if they're young they can stay in the tents think about it they can go to a beach somewhere if they're young if they're not as young even if they're not as young people can live in a tent if they have to but don't let people deal with this on their own all right these are the clauses clause number three clause number four if you are going to be selling your property like the landlord i live with i i don't live with whose home this is you offer your tenant a buy to buy you offer your tenant an opportunity to buy like a shared ownership with you a housing association the council you get a loan from the government whatever but you get the opportunity to buy this property whether it's a quarter of this property a half because you're paying more in rent so if you're paying it already in rent you should be allowed to buy this property is that when you get housing benefits for private accommodation because if you're in council they can't evict you just like that it's a lot more complicated and usually they don't evict you from my experience i've seen people that have destroyed houses from inside out and they still didn't get evicted because they were vulnerable but what i'm saying to you if you and the landlord sorry and you go to get um universal credits or you go to get housing benefits instead of giving you all that money to give to the landlord the council helps you to buy sorry the housing the housing benefits or universal credit help you to buy the property because you have a right to be safe if that's what you want obviously anyway those are five clauses five clauses that i am going to put on the petition and i'm going to put on facebook one at a time and send it around everywhere if you are a tenant i want to see you treated with respect and dignity if a landlord doesn't abide by these rules they will be cut off from renting that has to be a code of conduct i know a landlord who tried to evict innocent people during covet innocent people that are paying him 900 pounds a month maybe more innocent people and there has to be a cap on the amount of money that landlords can charge you rent has to come down either it comes down or you're offered an insurance policy to protect you from the money that you pay you cannot keep paying out the husband who's paying out his whole salary nearly on a one bedroom and then they can let you go even if you sign a tenancy agreement for a whole year they can let you go in two to three months no not on my watch the petition is up i was everybody my heart is going out to you if you have children the stress this is going to put on you is unbelievable considering we are going through hell as they do what they do which i can't say on here because i'll probably get cut off um but you know what's going on if you're awake you cannot be evicted if i choose to go i would choose to go because i've gone somewhere better and my animals are loved and wanted and it's where i want to go not where they want to put me okay and beyond the ego if i decided that i wanted to buy this property where i'm going get two hundred thousand pounds from for one bedroom yes two hundred thousand pounds for one bedroom house with a garage two hundred thousand pounds guys that cannot be allowed and hopefully property will drop and drop and drop soon and they will not be able to charge you that kind of money but if i went for a quarter of this property that's what 50 000 so no one could ever evict me again the government gives the landlord to 1 000 i give him whatever i can raise and a small mortgage and i stay never can i be evicted again do you understand there have got to i'm giving you options here options the same way as you have options about staying well you do have options because i love you and because i'm here to do a job and i've had my massive breakdowns and i've had a lot of love very very lucky and a landlord with a heart who's actually having a massive nervous breakdown i was teaching him the power of now i was teaching the la la devour now can you believe it i'm going to drink some more my soup i was teaching my landlord the power of in order for him to stay calm because he doesn't want to be a landlord anymore i cannot fight someone who's going through depression and stress so i cannot i have to come up with a better solution for everyone because he's a human being and i'm a human being i would be going against my nature if i tried to fight someone that was depressed and anxious and but those are options obviously if you're over a certain age and we won't go into that you can be offered um housing i expect um there is a register you can register on and i won't i don't want to talk about that at the moment okay but that is one of your options if you're disabled if you have a mental health issue if you have children you will probably get emergency housing and from what i know red kites and gave me a grant remember they're not as bad as paradigm i wouldn't go near paradigm with um if you put you know with a barge pole but that's my opinion from what i saw now red kite on the other hand there's a heart it's a bit of a heart and i have they gave me a grant remember for encounters so anyway i'm going to put this in a clause clauses for the awakening so this is the awakening the awakening is everything is happening that you uh asked in order to clear everything is in your face the marriage huge separation two months now more than two months on my own no friends it's me the cats and yes we are friends we're getting them very well um i'm not abandoned but i am doing this on my own no one's living with me and i made that decision to try and be single see how i feel and so is he i'm so far so good so everything in your face yeah the awakening the awakening is all about going in here and god knows maybe that's why i feel like that this today because i got so much tough love yesterday from someone i am so grateful uh of course i'm on so much tough love to go inside and just to be not to do and i did and i called the samaritans because i needed to talk when i couldn't stop panicking so you can call the samaritans just say to them some of them can be funny and say to you oh you're a good spirity theorist but some of them can be very kind and the one i got her name was hannah and she was very kind and she just listened and i cried and i and then today and then i went into meditation and i meditated quite a lot i don't think i went to bed till about 5 a.m i was continuously meditating and then i meditated when i fell asleep and i meditated when i woke up just being in the moment the fears are coming up all the time i can feel it the body and the mind the body and the mind the fear is coming up all the time and because i'm an empath i had an interesting situation today if you're an empath you're going to pick up things all over the place and i closed my eyes and i thought of someone who i miss and i suddenly felt right down on the ground so depressed i thought oh my god that person's low and all i did was send them love and i got out of the house i went to the allotment and i spoke to martin the the husband i'm separated from and we talked about options we talked about options which one of them is to try and buy the property another one is to move to scotland or wales i'm not ready to do that that's a huge step huge we all know property is very cheap there but i don't think i can get into scotland at the moment everyone's locked down it's locked down there are areas in the the problem is you know they say necessity i never expected to be teaching you this necessity is the mother of invention so when you have pressure makes you have to do something if someone said to you your body is really ill and if you don't rest and cut out toxins you will die then you will start to heal your body necessity is the mother of invention and so necessity to because i've been evicted again which happens every few years at christmas because they want to sell the property actually nothing to do with me and my behavior nothing to do with him the husband nothing to do with that long conversation with the landlord the landlord is having a nervous breakdown of his own because of this pandemic and he doesn't want to be a landlord anymore and so i taught him the power of now and he i said to him can i buy the option i don't know but there are options my father always used to say to me there's a solution for everything lauren except when you're six feet under that was his the way he used to say it he said there's always a solution for everything i'll tell you another thing i had a miracle from all of this my sister who i haven't spoken to properly for four and a half years except maybe once on her birthday contacted me found out i was going to be evicted and said you will never be on the streets as far as me and the girls are concerned now she lives in the middle east and so there's no way i'm going back there obviously but it was very kind it was like a miracle it was it was a miracle it was a miracle now i know some people don't like me they hate me maybe even i can feel it sometimes pure hatred from people and if they're sitting there with a voodoo doll which i thought the sister was doing sticking needles in me sticking little needles in lauren well guess what it's backfired and you you may as well love me because i'm here for all of you but i've made enemy in the life i've been on this planet for a long time guys and i've made enemies particularly some i highlighted someone who was violent and a bully and i got cut off for an a seven a a whole day on facebook you know i try to do my best and sometimes i make mistakes and people put me on pedestals and it's hard i'm not perfect i'm anything but perfect but i've met people over the years particularly a female friend of mine that she's a witch she's a witch and sometimes i think she's sitting there with you know a doll and putting needles in saying oh that one that one shall we go for that one because that's the big one the eviction lauren doesn't like things like that lauren can't stand losing her safety shall we just do that one because a lot a lot isn't it a lot going on with me sometimes i think i'm cursed but i mean look what came i am not consenting to any of this i am so protected and loved because to get a phone call from my sister who i haven't heard from and has really told me she didn't want anything to do with me for years to get a you will never be on the streets i won't let you and a very strong friendship with the man i was married to for 27 years who were separated a lot of love a lot of gentleness compassion from you guys but it's more important that it comes from in here because god as i said is in here isn't it i know you know it's funny because someone thought i was looking for them to fix me and this person said to me lauren i'm not a billionaire if i was i'd give you the money it's not about money the rent has been paid it's not about the rent it's about being the stress of being a landlord this man just cannot cope with being a landlord i felt sorry for him because of what i so this man said to me he was so kind this other guy who gave me so much tough love he's a he's a teacher an amazing spiritual teacher i'm very lucky that this course turned up in america very very cheap and very very reasonable and it's an ascension course and uh he said to me lauren he said if i was a billionaire i would give you the money and i thought that is really kind of you but that's not what i'm looking for i just want to be peaceful for the first time in my life all i want is peace not that stupid cat i've already got him peace in my heart peace and uh so he said to me okay you said stop doing stop doing you said if you want peace oh my god be and you know when i surrendered in the therapeutic community and i got 100 their inner peace in the therapeutic community when the bpd left me left me and i don't believe in labels as you know i don't believe in mental illness we're all shocked we're all shocked when i surrendered and i realized that the childhood abuse was not my fault it went out the window and i got 100 in a piece but my biggest fear is is the bag lady you know out on the street in the goal with the cats dying we're not there yet properties do not belong to anyone what is a house made of guys it's made of stone it's made of trees it's made of of elements of energy just like you and me so how can it belong to anyone do you belong to anyone of course you can't you don't belong to anyone you are a free sovereign human you do not belong to anyone so how can a piece of land belong to anyone it is given to us by god by it belongs to all of us the collective god nature the beetroots that i'm eating come out of mother earth they belong to you and me and everyone come and pick the spinach it's overgrown i don't know what to do with it you can give me a donation you know everything belongs to all of us and so no one can buy a property no one no one can purchase a property no one can be homeless read conversations with god all you've got to do is take the cake you know the cake i'm just gonna move the comments you take the cake the cake and you divide it between everyone maybe nasara and sarah will be that wouldn't that be so that's what i'm saying to you five clauses i will do a proposal and i will get i don't know if anyone is a lawyer here and wants to represent me i cannot pay you but i want to go out there and create these five clauses and never ever will human beings be treated like this by estate agents or landlords there has to be a balance where the landlord is held accountable and if they are not good people with hearts they cannot rent anymore by human rights what do you think hey get back to me i'm moving on tv one at gmail.com if your landlord is not happy to work with you to help you to set to look at these clauses what's the harm of giving someone another few months until they find somewhere the problem with pressure is you can make the wrong decisions you can get yourself into a lot of mess you might move to a terrible place you get confused especially if you've got children or animals i want to take this pressure off of you god knows i don't want anybody to feel i don't want anyone to feel the way i feel so if there's anything i can do for any of you get back in touch with me moving on tv one at gmail.com there's a petition you can sign sign the petition on change.org if you're afraid that gil bates or whatever his name is owns it don't worry about that anymore i can't say that because i'll get cut off if there's anything i can do for any of you join with me help me create a ma a new um what we call a constitution and i'm going to do it so i love you lots before i leave you i'm going to do reading for you quick because i'm not going to predict anything i just want to keep everyone calm and saying and come to me with your issues moving on tv is there for you come to me with your issues i need news flashes i need the truth i need more love more positive stories more than anything join people power with love and compassion no violence let's choose our how to stay sane in the that's the card that i originated how did this stay say in the comment spirit could you please give my lovely viewers i have to stay sane in a crazy world how to stay sane in the crazy world back to front these cards can help you if you have a card one card a day keeps the doctor away one hug a day keeps the doctor away oh this one wants to come out drink more water once when i called the samaritans and i felt low he said have you been drinking water i said no you made me drink a whole bottle of water and that was it today i will make sure i am drinking enough water and taking care of my body so i don't feel too low water is what we are made of well ninety percent of our bodies but as i said to you guys drink more water i'm gonna go now i'm gonna edit this and get it on please sign the petition i'll put the link to the petition in here and on there and everywhere i will put the closes one at a time as a proper constitution i love you so much please let's work together let's do do [Music]


<caption><image_0>The image is a screenshot of a website with a blue background and white text. The text reads "그리스타에세요" which translates to "What is the name of a robot?" in English.

In the center of the image, there is a robot with a futuristic design. The robot is white with blue and red accents and has a large head with a round body. It is standing on a platform with a few people in the background. On the right side of the robot, there are several buttons and a search bar.

The robot appears to be interacting with a computer screen, which is displaying a futuristic interface with a red and blue color scheme. There are also several icons and symbols scattered around the robot. The overall theme of the website is futuristic and futuristic.</caption><transcript><audio_0>연초 이후 반도체와 밸리업에 밀려 소외됐던 로봇주가 시장의 조명을 오랜만에 받고 있습니다. 자금력이 풍부한 대기업들은</transcript>#로봇
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Title: 로봇 | 레인보우로보틱스, 로보티즈 | Market Now (20240718)
Categories: News & Politics
Tags: 주식, 증권, 증시, 투자, 경제
==
Let's check out the issues captured by CEO Gil Geon-woo. We will reveal what they are about right away. Robot stocks, which had been neglected by semiconductors and value increases since the beginning of the year, are in the market's spotlight for the first time in a long time. This is <|endofsection|>

Creative Commons Attribution license (reuse allowed)


<transcript><audio_1>두 번째 포착한 이슈는 로봇주와 관련된 이야기를 해보도록 하겠습니다. 작년 연말이나 올해</transcript>because large corporations with abundant financial resources have once again revealed their commitment to the robot business.  In addition, the analysis is that expectations of interest rate cuts that have recently spread through the market are stimulating robot stocks, which are representative growth stocks. Let's take a look at the future momentum of robot stocks now. future momentum of robot stocks now. Now, let's talk about the second issue we captured related to robot stocks.  When I think about the end of last year or the beginning of this year, <|endofsection|>


<caption><image_2>The image shows two men sitting at a desk in front of a TV screen. They are both wearing suits and appear to be engaged in a conversation. The background of the screen is blue with a futuristic design and a globe in the top right corner. The text on the screen reads "그리스타에세요" which translates to "What is the future of the world?" in English. The image appears to be a screenshot from a news program or interview.</caption><transcript><audio_2>로봇주에 대한 모멘텀들을 잘 고민해봐야 하는데 최근에</transcript>robot stocks did really well and I thought they would continue to win after that, but now they are a bit depressed. In this situation, can I try buying some robot stocks? Uh, now we have momentum for robot stocks.  Now, we need to think about it carefully. The recent <|endofsection|>


<transcript><audio_3>트럼프의 로봇주의</transcript>momentum related to robots is AI. There are humanoids, but our country is a little late. Then, we need to think about whether there is another momentum. Now, the recently added thing is the Trump order.  I <|endofsection|>


<transcript><audio_4>스토리를 한번 짜보자면 이렇습니다. 트럼프가 최근 들어서 피격 사건 이후로 사실은 1차 대선 토론 이후에 트럼프가 조금 우세하긴 했어요. 그 이후에 바이든 교체설도 나오고 너 빠져라.</transcript>think it's a robot week. So, let's put this story together. It's like this. The reason for Trump's attack recently was, in fact, after the first presidential debate, Trump ignored it a little. After that, there were rumors of Biden replacing him, and you should get out.  This kind of talk <|endofsection|>


<caption><image_5>The image is a screenshot from a news segment on a TV screen. It shows three men sitting at a desk in front of a large screen. The man on the right is wearing a suit and tie and appears to be speaking into a microphone. On the left side of the screen, there is another man wearing a red tie and a white shirt. The background is blurred, but it seems like the focus is on the two men in the foreground. The text on the screen is in Korean and translates to "그리스타에세요, 가자용, 방탄소년단" which translates to English, English, and Korean.</caption><transcript><audio_5>사실은 조금 무마되는 분위기였거든요. 그런데 최근에 피겨까지 되면서 당선 가능성이 지금 확률하는 배팅 사이트를 보니까 60%더라고요. 바이든은 20% 이하. 그래서 조금 더 이쪽</transcript>was coming out, but in fact, the atmosphere was calming down a bit. But recently, it has become blooming, so this is the possibility of the party winning. Looking at the betting sites that say that probability, it is 60%. Yes, then Biden is 20%. Yes, so it is heading a little more in this <|endofsection|>


<transcript><audio_6>트럼프가 되면 세금 부담은 늘어날 겁니다.</transcript>direction.  Now, if we think that we are the beneficiaries most of the time, there are things like renewable energy, rechargeable batteries, etc., but we actually have to think about the stock market as well, but the bottom line is this.  If Trump becomes Trump, the tax burden will increase. <|endofsection|>


Do you remember that the corporate tax rate was lowered in the past? But now, I asked them to study the lowered corporate tax rate. Yes, at that time, but now, the personal rate, etc. probably show some signs of research. Oh, then the conclusion is new gold. Lowering itmeans that the tax revenue collected will decrease. It means that it will decrease. You have to think about where you will replenish it. If you replenish it, you will have to ask for it to come in. Yes, if you do it somewhere else, you will now have to increase the tariff on taxes coming from overseas.  If you can't afford it,<transcript><audio_7>나시죠? 그런데 법인세율 낮춘 걸 연구화 시켰거든요. 트럼프가 그 당시에. 그런데 지금 개인세율이랑 등등등도 아마 연구와 조짐이 조금 보입니다. 그러면 결론은 세금을 낮춘다는 거는 거둬들이는 수준입니다.</transcript> <transcript><audio_8>줄어든다는 뜻이에요. 어디서 보충할 거냐라는 걸 고민을 해봐야 하고요. 어디서 보충하냐면 들어오라고 해야 합니다. 니네 딴 데서 하면 해외에서 들어오는 걸 관세를 높여야 하는데 이거 갖고 감당이 안 돼요.</transcript> <|endofsection|>


<transcript><audio_9>이 안에서 어찌 됐건 GDP를 확충을 하면 결론은 거기서 걷어들인 세금이 조금 더 늘어나니까 이걸 확충을 할 수 있다는 거예요. 그래서 아마 리슈어링이나 이렇게 정말 미국의 공장을 짓는 게 조금 더 활발해질 걸로 예상이 되고 있고요.</transcript>then come in. Then, if you expand the GDP in any case, the conclusion is that the taxes collected there will increase a little, so you can expand this. So maybe reshoring is something like this.  It is expected that construction will become a little more active, <|endofsection|>


<transcript><audio_10>여기에서 이제 들어가는 기업들 입장에서 조금 더 힘든 게 있습니다. 반이민. 그러니까 이민자들 굉장히 싫어해요. 그렇죠. 그래서 아마 이견을 더 쳐낼 건데 이민자들이 사실은 미국에서</transcript>but here it is a little more difficult from the perspective of companies entering the country. Uh, anti-immigration, yes, I really hate immigrants, right? So, I'm probably going to cut this down more, but immigrants are actually, well, <|endofsection|>


the movement to replace it with robots can be very fast. I think so.  I think you can do it, and the profit market is simple. There are things that are visible right now, but how will the direction change in the future? And whether this trend itself is short-termthe United States.  Now, if we ask ourselves how much influence it has, we are actually in charge of this sector for low-wage workers. So, ostracizing and sending these people out isgood for people in the United States, but from the company's point of view, high wages, yes, wages.  As this goes up, wages go up and labor costs go up, so profitability goes down. Then, from the companies' point of view, they have to replace this. What are you going to do with it? Oh, you're replacing it with robots. So, maybe<transcript><audio_11>어느 정도의 영향을 미치느냐를 따져본다고 하면 사실은 저임금 근로자에 대한 이 섹터를 담당하고 있거든요. 이 사람들을 배척을 하고 내보낸다는 거는 미국 내에</transcript>
<image_11>The image is a screenshot of a news broadcast. It shows a man in a suit sitting at a desk with a laptop in front of him. He is wearing a dark suit and tie and appears to be speaking into a microphone. Behind him, there is a large screen with a futuristic design and a globe in the background. The text on the screen reads "아리스타에세요 그레이드" which translates to "The news channel" in English. The logo of the news channel is also visible in the bottom right corner of the screen.

<image_12>The image shows a man in a suit sitting at a desk with a laptop in front of him. He appears to be a news anchor or a news reporter, as he is wearing a dark suit and tie. The background of the image is a futuristic-looking screen with a globe and a plane on the right side. The screen also has various icons and text on it, including a lock and a keypad. The man is looking directly at the camera with a serious expression on his face.
<transcript><audio_12>기업 입장에서는 고임금, 인건비가 올라가니까 수익성은 떨어져요. 그러면 기업들 입장에서 이걸 대체를 해야 합니다. 뭘로 할 거냐? 그걸 로봇으로 대체할 거냐? 네, 그렇습니다.</transcript> <transcript><audio_13>하는 움직임들이 굉장히 빨라질 수 있다 라고 생각을 하시면 될 것 같고 주식시장은 간단합니다. 지금 당장 눈에 보이는 것들도 있지만 앞으로 방향성이 어떻게 조금 바뀔까 그리고 이 흐름 자체가 짧게 오는 건</transcript> <|endofsection|>


<caption><image_14>The image is a screenshot of a news report in South Korea. It shows a man in a suit and tie sitting at a desk with a laptop in front of him. He appears to be giving a speech or presentation. On the left side of the image, there is a table with three columns and three rows. The first column has the title "아리스타에세요" which translates to "여성용" in English. The second column has a list of numbers and letters, with the first column showing the number of people who have been diagnosed with cancer. The third column shows the percentage of people with cancer, with a total of 4.31% and a percentage of the number. The table also has a bar graph that shows that the percentage has been higher than the rest of the data. The background is a blue and white color scheme.</caption><transcript><audio_14>작년에 로봇주 잘 갈 때, 올해 초에도 잠깐 움직일 때를 보시면 물류 로봇들, 이쪽에서 많이 밀어줬어요. 왜냐하면 최근에 2차전지도 그렇고 반도체도 그렇고 공장도 그렇고</transcript>or big, you need to think about it. When robot stocks were doing well last year, they will also be early this year.  If you look at the movement for a moment, there has been a lot of support in the logistics robot sector because recently, as many things, including rechargeable batteries and semiconductors, and the <|endofsection|>


factories themselves, are changing to automation, there was some encouragement that they would benefit from this.  I think it will be a little more. Okay. Now, we tried to imagine another interpretation of the stocks that benefited from Trump.We said that there will be more issues related to factory automation in the U.S. Then, there will inevitably be a need for more robots, and this is why Trump's  It will be a beneficiary stock. Not long ago, in our country, there were evaluations that robot stocks would actually rise as the minimum wage rose above 10,000 won.<transcript><audio_15>트럼프 수혜주를 또 다른 해석으로...</transcript> <transcript><audio_16>미국 내에서의 공장 자동화 관련 이슈들이 많아질 거다. 그러면 로봇이 더 필요할 수밖에 없을 것이고 이게 트럼프의 수혜주가 될 것이다. 얼마 전에 우리나라에서도 최저임금 만 원 위로 올라가니까 로봇주들이 오히려 올라간다는 그런 평가들도 있었거든요. 중국인들.</transcript><caption><image_16>The image shows a man in a suit and tie standing behind a podium and speaking into a microphone. He appears to be giving a presentation or giving a speech. Behind him, there is a large screen with various images and text on it. On the left side of the screen, there are images of a camera, a gear, and a circuit board. The background is blue with a futuristic design. The man is wearing glasses and has a serious expression on his face.</caption> <|endofsection|>


In the mid- to long-term, it is a good point to think about whether robot stocks could become Trump beneficiary stocks.  I guess so. So then, what about the trend of stocks recently? The farewell ranker has summarized it, so let's check it out together. Let's take a look at the recent trends of robot-related companies.Typically, robot stocks made a splash at the beginning of the year when each company disclosed its investment plan. Doosan  Robotics showed a slight decline of about 31% in the first half of this year alone. Rainbow Robotics also showed a decline of about 99%. However, last week,<transcript><audio_17>로봇 관련 기업들은</transcript> <transcript><audio_18>로봇주는 연초에 각 기업들이 투자안을 공개할 때 반짝하는 움직임이 있었습니다. 두산 로보틱스는 올해 들어서 상반기에만 31%가량 내려가는 모습이 나타났고요. 레인보우 로보틱스는 역시나 9%가량의 하락세를 보였습니다. 다만 지난주에는</transcript><caption><image_18>The image shows a woman in a yellow dress standing in front of a large screen with a city skyline in the background. On the screen, there is a table with various financial data and statistics displayed in Korean. The table appears to be related to the stock market, as indicated by the text in the Korean language. The woman is holding a purple folder in her hand and is looking at the screen intently. The background shows a cityscape with tall buildings and a blue sky. The overall mood of the image is professional and modern.</caption> <|endofsection|>


<transcript><audio_19>도산 로보틱스는 지난주만 했을 때 38%가량 급등했는데, 도산 밥캣과의 합병선에 대한 이야기 때문입니다. 자회사로 도산 밥캣을 들어온다는 소식이 전해졌는데요.</transcript>robot-related companies showed flashy movements again. Doosan Robotics fell 38% last week alone.  It rose sharply due to the story about Doosan Baket's merger. As news broke that Doosan Baket would be joining as a subsidiary, <|endofsection|>


<transcript><audio_20>다음 주에 계속됩니다.</transcript>expectations for it rose sharply, and there was a strong rise amid expectations for future investment or mergers and acquisitions. In the case of Hyulim Robot, it also rose by double digits. However, this week, there is a slight shift towards a downward trend again. Overall, <|endofsection|>


<transcript><audio_21>가량의 내림세가 나왔고, 추세적으로도 살짝 꺾이는 모습이 나타나고 있습니다. 다만 네이버 같은 경우에는 금리 인하에 대한 기대감 속에 1% 가량 상승하는 데 성공했는데요. 모건 스탠</transcript>when looking at yesterday's trend, there was a downward trend of about 5 to %, and the trend is showing a slight bend. However, Naver In the same case, it succeeded in rising by about 1% amid expectations of an interest rate cut. <|endofsection|>


Naver was listed among the stocks that Morgan Stanley said to pay attention to related to humanoid robots, and was recently included as a robot-related company. Robot stocks now.  There is a flash of a rebound, but then it appears to be fading again. In the midst of this,what stocks should we keep an eye on? Let's find out now. Now, the movement of robot stocks. Last week, robot stocks moved slightly, but I guess it's Doosan Robotics Doosan's dominance.  There was a bit of movement as the restructuring came out, but it has been resting since then. So then, CEO Gil,<transcript><audio_22>로봇 쪽은 반짝 반등하는 모습이 나오다가 다시금 사그라드는 모습이 나타나고 있는데요.</transcript> <transcript><audio_23>지금부터 알아보시죠. 로봇주들의 움직임. 지난주에 로봇주들이 한번 살짝 움직였는데 아무래도 두산 로보틱스, 두산의 지배구조 개편 이야기 나오면서 조금 움직임들이 나왔고 그 뒤로는 쉬고 있거든요. 그렇다면 길대표님 어떤 움직임을</transcript> <|endofsection|>


<transcript><audio_24>두산 로보틱스 좋습니다. 최근에 어찌됐건 두산 그룹 내에서 여러 가지 재편이 되면서 가장 큰 수위에는 두산 로보틱스다 라고 생각하시면 될 것 같고 저는 그 외적인 모멘텀들이 충분히 더 붙을 수 있다고 보고 있고요. 그러면 휴머노이드 쪽으로</transcript>which robot stock should we look at? Doosan Robotics is good. Recently, in any case, there have been various reorganizations within the Doosan Group, so I think the biggest one is Doosan Robotics.  I think you can do it, but I see that the external momentum can actually gain more. Then, the Hunoid side is now, <|endofsection|>


<transcript><audio_25>공변 앵커님이 얘기하셨는데 골드만삭스에서 아니 모건 스탠리에서 이야기한 네이버일 거냐 아니면 휴머노이드 쪽에 원래 그래도</transcript>as the Gongbi Ranker mentioned earlier, will it be Naver, which Goldman Sachs, or Morgan Stanley, talked about? <|endofsection|>


<transcript><audio_26>저는 레인보우 로보틱스가 그래도 조금 더 우세하지 않을까. 레인보우 로보틱스. 라고 생각을 하고 있고요. 그러니까 결론은 자동화를 대체할 것을 누군가가 할 거냐는 거예요. 그러니까 협동 로봇이 할 거냐. 아니면 휴머노이드 로봇이 할 거냐.</transcript>If you were to ask whether Rainbow Robotics, which is still interested in and investing in humanoids, would be a bit more dominant, I think that Rainbow Robotics would be a little more dominant. So the conclusion is that now, someone will figure out what will replace that automation.  Will it be done ? So, will it be done by a collaborative robot or will a humanoid robot do it? <|endofsection|>


<transcript><audio_27>네.</transcript>But currently, amr robots, called collaborative robots and self-driving robots, are replacing all of these things. In fact, it is not enough to just take these in the future.  The momentum may drop a little, so <|endofsection|>


AI policy and finance.  I will help you. I said that I will also support research into the robotics sector. So I think this will probably go a little faster. Yes, and is n't there a large company that comes to mind when you think of Rainbow Robotics? Samsung Electronics. Butin the case of Rainbow Robotics, it may bring a little more momentum for the future. Well, Human Oid said that they will talk about the lineup a little bit within this year, so maybe. If we say that this has to go, Ithink it will be possible to go at a fast pace, and the government is also giving a lot of encouragement to the entire robot sector. The government has now invested about 3.5 trillion won in<transcript><audio_28>어찌 됐건 향후에 대한 모멘텀을 조금 많이 가져올 수 있다. 휴머노이드 쪽이 올해 안에 조금 라인업을 얘기를 하겠다라는 얘기를 했거든요. 그래서 아마 이게 가시가 된다고 하면 충분히 속도를 빨리</transcript> <transcript><audio_29>정부 쪽에서도 로봇 전체 섹터에 혼품을 많이 불어주고 있습니다. 정부에서도 3조 5천억 정도 투자해서</transcript> <transcript><audio_30>이 안에서 또 로봇 섹터에 대한 연구 쪽도 지원해주겠다고 얘기를 했거든요. 그래서 아마 이게 조금 더 빨라질 것 같아요. 그리고 이제 레인보우 로보틱스 하면 생각나는 대기업 있지 않습니까? 삼성이죠. 삼성전자.</transcript> <|endofsection|>


<transcript><audio_31>2030년까지 반도체에서 아예 무인공정을 하겠다라고 얘기를 해서 로봇 연구를 굉장히 많이 하고 있거든요. 그런데 여기에서 뭘 어찌 됐건 가져다가 계속 테스트를 해봐야 될 거 아니에요. 레인보우 로봇</transcript>recently, Samsung Electronics has announced that it will provide semiconductor research by 2030.  They said they would do a completely unmanned process, so they are doing a lot of robot research. But you don't have to take anything from here and keep testing it. don't have to take anything from here and keep testing it. <|endofsection|>


<transcript><audio_32>열심히 테스트하면서 지금 맞춰보고 있거든요. 그러면 또 여기에 대한 수익까지 갈 수 있지 않을까라고 예상이 되고 있고 그다음에 로봇주에서 항상 발목을 잡는 게 실적이었습니다. 그런데 실적 같은 경우가 레인보우에서</transcript>There is a mobile two-arm robot from Rainbow Robotics. I bought this and am testing it hard now.  I 'm looking at it, so it's expected that we can go to the extent of receiving more money here, and now, the performance has always been a drag on the robot stock. Rainbow Robotic's <|endofsection|>


<transcript><audio_33>2분기 실적도 기대가 조금 되는데 최근 들어서 매출이 조금 많이 오르고 있는 데가 렌탈 사업입니다. 렌탈 사업이 사실은 로봇 같은 경우 아까 금리 인하 수혜도 볼 거고 그 다음에 앞에서 앵커님이 얘기하셨잖아요.</transcript>1st quarter earnings came out, but it's okay. Yes, the 2nd quarter earnings are now as well.  I'm a little excited, but one place where sales have been rising quite a bit lately is the rental business. Yes, the rental business is actually like a robot now, and we 'll see it in the interest rate cuts we mentioned earlier, and then the anchor mentioned it earlier, <|endofsection|>


<transcript><audio_34>로봇주들이 수혜를 볼 수 있다. 이 직접적인 수혜는 사실은 렌탈 서비스 쪽이거든요. 왜냐하면 사실은 직접적으로 한 번에 몇 천만 원을 지불하는 것은 조금 어렵지만 렌탈 사업으로 돌린다고 하면 이거는 괜찮아요. 그래서 이쪽에 대한 사업에 대한 성장성과 수익</transcript>uh, the minimum wage.  As this goes up, robot stocks can benefit. The direct beneficiary is actually the rental service, because in fact, it is a little difficult to pay tens of millions of won at once, but it is okay to turn it into a ride-hailing business. So this is it. <|endofsection|>


<transcript><audio_35>주가가 좋지 않을까 싶습니다.</transcript>I think Rainbow Robotics would be good because it can capture both the growth potential and profitability of the business. It's good. Anyway, Rainbow Robotics is doing well because Samsung is solidly supporting it, but the stock price hasn't been responding well recently. Anyway, recently, Doosan <|endofsection|>


Robotics finally put a ticket on it. In the end, they put a string on it. I just interpreted it that way and thought that they were putting down the performance andmaking Doosan Robotics do well in the future. As for Rainbow Robotics, however, the performance is not yet good.  I'm not going to give a clear picture, but the thing that's so ambiguous is that there is no company in the robot industry that has a clear performance record. Yes,<transcript><audio_36>네.</transcript> <transcript><audio_37>잘 가게 만든 게 아닌가 라는 그런 생각도 들었거든요. 맞아요. 레인보우 로보틱스는 아직까지 실적이 명확하게 안 찍힌단 말이죠. 근데 이게 참 애매한 게 로봇주에서 명확하게 실적이 굉장히 많이 찍히는 기업은 없습니다. 그렇죠.</transcript> <|endofsection|>


<transcript><audio_38>실적을 기반하는 것은 라인업이에요. 얼마나 많은 제품의 라인업을 가지고 있느냐인데 협동로봇과 서비스형과 여러 가지 라인업을 굉장히 많이 가지고 있는 건 당연히 레인보우 로보틱스가 제일 많다고 생각하시면 될 것 같고</transcript>then what is based on future performance here is the lineup. How many product lineups do you have? Collaborative robots Naturally, Rainbow Robotics has the largest lineup of service departments, and you <|endofsection|>


<transcript><audio_39>사실은 글로벌 흐름도 따라가야 합니다. 최근에 국내 로봇주들이 사실은 조금 빠졌던 이유가 저는 두산오보틱스 전에는 사실은 큰 흐름이 없었고요. 그 다음에 휴머노이드 쪽에 대한 혼풍을 못 받았어요.</transcript>can think of it as having the largest number. In fact, you have to follow the global trend. The reason why domestic robot stocks have fallen a little recently is because before Doosan Robotics, I  There wasn't a big trend, and then that's right, and then I didn't get any positive feedback on the humanoid side. <|endofsection|>


<transcript><audio_40>왜냐하면 우리나라 기업 중에서 사실은 여기서 지금 받을 수 있는 것은 부품 회사들밖에 없었거든요. 국산화시키면 여기서 조금 수혜 볼 수 있다는 정도였는데 아마 연내 레인보우 로보틱스가 휴머노이드 쪽에 대한 라인업까지 갖춘다고 하면 향후에 실적이 찍힐 때 누가 가장 안전하고 급성장할 수 있느냐를 고민을 하는 국가입니다.</transcript>Because among Korean companies, in fact, the only ones that could receive this right now were parts companies. They said that if they domestically produce it, they can do a little bit here. If Rainbow Robotics is expected to have a lineup for humanoids within the year, there will be a period of concern about who can be the safest and grow most rapidly when future performance is recorded. <|endofsection|>


<transcript><audio_41>저는 레인보우 로보틱스가 가장 빠를 걸로 예상하고 있습니다. 알겠습니다. 좋습니다. 레인보우 로보틱스 어쨌든 15만 원대에는 지켜주면서 바닥은</transcript>In this period, I expect Rainbow Robotics to be the fastest. I understand. Alright, okay. Rainball Robotics. Anyway, <|endofsection|>


<caption><image_42>The image shows three people sitting at a desk in front of a TV screen. The person on the left is a woman wearing a gray blazer and a white shirt. She appears to be a news anchor or a news reporter. The man in the middle is a young man wearing a blue suit and glasses. He is gesturing with his hands as if he is explaining something. The two men on the right are also wearing suits and appear to be listening attentively. The background of the screen is blue with a map of the world on it.</caption><transcript><audio_42>그 뒤로 상승 탄력이 나을 수 있을지 지금 당장 실적이 드라마틱하게 찍히지는 않지만 어쨌든 삼성이 뒤에 있으니까 레인보우 로보틱스는 언제든지 반등할 수 있는 여지가 있다고 평가를 해주셨고 그렇다면 가규정 파트너님께도 로봇 하나 체크를 해달라고 부탁을 드렸는데 어떤 로봇 보세요?</transcript>I think we've reached the bottom while keeping the 150,000 won range. I wonder if there will be some upward momentum after that. The performance right now is Yes, so you too.  I asked you to check one, <|endofsection|>


<transcript><audio_43>로보틱스 관련해서는 너무 많이 말씀을 드린 것 같아서 1순위는 두산 로보틱스고 그리고 앞에서 삼성향 종목을 말씀해주셨기 때문에 저는 LG향 로봇 관련 기업인 로보티즈를 꼽아보고 있습니다. 다시 보도록 하겠습니다.</transcript>and when you looked at which robot, I thought I said too much about Doosan Robotics, so I chose Doosan Robotics and since you mentioned Samsung stocks earlier, I chose Robotis, the robot company for LG. In fact, <|endofsection|>


<transcript><audio_44>두산 로보틱스가 상장하기 전 그나마 대기업의 수혜를 받을 수 있을 만한 중소형단 종목들 중에서는 그나마 LG형 종목인 로보티즈와 로보스타가 시장에서 많이 부각이 됐습니다.</transcript><caption><image_44>The image is a screenshot of a news segment on a TV screen. The background is blue and there is a picture of a woman in a gray blazer on the left side of the screen. She appears to be a news anchor or a news reporter. On the right side, there is an image of a computer screen with a white background and a blue bar at the bottom. The text on the screen reads "아리스타에세요 (108490)". The text below the image reads "그립슈트" which translates to "가자연용" in English.</caption>before Reinros was listed and Doosan Robotics was listed, among the small and medium-sized stocks that could benefit from large corporations, the two LG stocks, Robotis and Robostar, are now more prominent in the market. <|endofsection|>


<transcript><audio_45>여전히 성장성이 있고 올 앞으로 다가오는 4분기부터는 본격적으로 흑자 전환에서 유의미한 성장세가 이루어질 것으로 기대가 되고 있는 기업이 로보티즈이기 때문에 로보스타 로보티즈 중에서 로보티즈를 가져왔습니다.</transcript>It was a situation that was done, but it still has growth potential, and Robotis is a company that is expected to turn profitable and achieve significant growth starting from the fourth quarter of this year, so among Robostar Robotis, I have now <|endofsection|>


tried Robotis.  What kind of company is Robotis? You talked a lot about humanoid robots just now. Of course, now humanoids can be seen as a field that can become a bigger forward industry than cooperative robots. But for robots to move, the joints are needed.This became necessary. Then, you can see that the actuator is what plays the role of the joint part. Robotis is currently making actuators exclusively for this robot. In fact, it<transcript><audio_46>방금 전에 휴머노이드 로봇 관련해서 많이 말씀을 해주셨는데 당연히 휴머노이드가 협동 로봇보다는 큰 전방 산업이 될 수 있는 분야라고 볼 수 있습니다. 그런데 로봇의 움직임이 나오려면</transcript> <transcript><audio_47>그런 관절 부분에 역할을 하는 게 바로 액츄에이터라고 볼 수가 있는데 로보티즈 쪽에서 로봇 전용 액츄에이터를 지금 현재 만들고 있습니다. 실제로 2023년도 매출액에서 거의 99% 정도가</transcript> <|endofsection|>


<transcript><audio_48>올해는 25% 정도 증가할 것으로 전망이 되고 있고 매출만 400억 원 이상 나올 것으로 지금 대상치가 나와 있는 상황이라고 볼 수가 있을 것 같습니다. 보니까 협동로봇 같은 경우에는 이 액츄에이터가 몇 개 정도 들어가냐면 대략적으로 한 6개 정도 들어간다고 볼 수가 있을 것 같고요. 휴머노이드는 사람처럼 움직이다보니 관절이 더 많이 필요하게 되겠죠.</transcript>has a high business proportion, accounting for almost 99% of sales in 2023. Also, this year compared to the previous year.  It is expected to increase by about 255%, and sales alone are expected to exceed 40 billion won. So, in the case of collaborative robots, the number of actuators is approximately 16. I think it can be said that there are about 40 to 50 to 10 actuators because the Human Odd moves like a human, so it needs more joints. <|endofsection|>


So, in the case of the actuator market, I hope our viewers will pay attention to Robotis because it is currently showing a strong market trend. Not only that, but since Robotis is good at making actuators, they are also making Robot 8 together,so commercialization of this product is also imminent.  I think we can see it, and since it is an LG-oriented stock, collaboration with LG Electronics can be seen as something to look forward to at the moment. Robotis is<transcript><audio_49>액츄에이터 시장 같은 경우에는 지금 고성장세를 보이고 있기 때문에 로보티즈 우리 시청자분들이 주목해 보셨으면 좋겠고요. 이뿐만 아니라 로보티즈 쪽에서 액츄에이터를 잘 만들다 보니까 로봇 팔도 지금 같이 함께 만들고 있으니까요.</transcript> <transcript><audio_50>로버티즈</transcript> <|endofsection|>


<transcript><audio_51>로봇도 지금 현재 다루고 있는데요. 자율주행 로봇 종이에서 브랜드가 있습니다. 개미라고 브랜드가 있는데요. 아무래도 이게 어떻게 쓰이냐. 배송이나 물류 쪽에서 이동하는</transcript>currently dealing with self-driving robots, and there is a brand for that type of self-driving robot called Ant. There is. How is this used? You can <|endofsection|>


<transcript><audio_52>라고 보시면 되는데 실내에서 쓰면 일개미가 되고 실내에서 쓰면 직개미가 되고요. 실외에서 쓰면 일개미가 됩니다. 그래서 실내에서 쓰는 직개미 같은 경우에는</transcript>think of it as a service that moves in terms of delivery or logistics. If you use it indoors, you become an ant. If you use it indoors, you become a house ant. If you use it outside, you become a worker ant. So, now it's real. In the case of house ants that are used indoors, it can be seen that they are being <|endofsection|>


<transcript><audio_53>상용화되서 쓰이고 있는 상황이라고 볼 수가 있는데요. 이런 집개미, 일개미가 어느 나라로 수출이 많이 되고 있냐. 일본에서 수출이 많이 되고 있습니다. 왜냐하면 일본이 고령화 사회잖아요. 그러니까 연세 드신 분들이 물건을 가지러 가기가 굉장히 힘듭니다.</transcript>used in hotels a lot now. To which country are these house ants being exported? They are being exported a lot from Japan. It's an aging society, so it's very difficult for older people to go pick up things. <|endofsection|>


That's why it's being used a lot in these fields, and I think the next one can be seen as the hotel field. Autonomous vehicles are now planning to enter the North American market in the future. Driving robots also have a brand now, so our viewers will pay attention and if youlook at the monthly trend, it is currently on a mid- to long-term upward trend. I hope that you will continue to pay attention to the high-performance market and see Robotis as a stock of interest. Okay, robot stocks.  Well, you may have been focusing a lot on Doosan Robotics recently,<transcript><audio_54>그런 분야에서 굉장히 많이 쓰이고 있고 그 다음이 호텔 분야라고 볼 수가 있을 것 같은데요. 이제 앞으로 향후에 북미 시장까지 진출을 앞두고 있는 자율주행 로봇도 지금 브랜드 가지고 있기 때문에 우리 시청자분들이</transcript> <transcript><audio_55>중장기적인 우상향 추세에 타고 있는 중이기도 하거든요. 계속해서 고성장세 주목해 보시면서 로보티즈 관심 종목으로 보시기 바라겠습니다. 네, 좋습니다. 로보트즈, 두산 로보틱스 최근에 많이 7월 들어서는</transcript> <|endofsection|>


<transcript><audio_56>로보틱스, 로보티즈 두 종목 다 차트 보시면 어쨌든 바닥 잡았습니다. 그 다음으로도 올라갈 수 있는 모멘텀이 뭔가 형성이 됐을 때 한번 쭉 치고 올라갈 수 있을지 두 종목 중에 한 종목 잘 골라보시기 바랍니다. 오늘 두 분과 함께 이슈레이더로 이야기 나눠봤습니다. 좋은 전략 종목까지 알려주셔서 감사하고 다음 시간에 또 만나요.</transcript>but if you look at the charts of both Rainbow Robotics and Robotis, they have bottomed out anyway. When the momentum to go up further is formed, I wonder if one of the two stocks will be able to go up again. Please take your pick. Well, today we discussed the issue with the two of you in red. Thank you for telling us about good strategies. See you next time.


<transcript><audio_0>hello if you go to budget gov au you can watch the 2016 budget explainer in this video the government tries to justify some of its thinking behind the budget I thought we could go through that video together and see just how long it takes before the government tries to</transcript><caption><image_0>The image is a portrait of a young man standing in a forest. He is wearing a blue button-down shirt and has shoulder-length brown hair. He has a slight smile on his face and is looking directly at the camera. The background is filled with tall trees and greenery, and the ground is covered in fallen leaves and rocks. The overall mood of the image is peaceful and serene.</caption>This video series attempts to recommend policy prescriptions that advance public purpose using a Modern Monetary Theory (MMT) framework.
Please read their work for a more detailed explanation of Modern Monetary Theory.
Thanks to the many creative commons contributors whose artworks have been used throughout this series.
Channel: 2centsadjustedforinflation MMT
Year: 2017
Title: My 2 Cents Adjusted for Inflation -  Ep 7   Budget Explainer Explained
Categories: People & Blogs
Tags: MMT, Modern money theory, modern monetary theory, employer of last resort, job Taxes for Spending
- Budget Deficits
- National Debt
- Budget Surplus
- Budget Deficit
- Debt
- Interest Payments
- Alan Greenspan
- Australian Office of Financial Management
- Reserve Bank
- Deficit
- Debt Limit
- Budget Repair
- Stimulus
- Government Budget
- Why Arent They Hiring
- Aspirational Goals
- Aspirational Goals in Politics
==
hello if you go to budget gov au you can watch the 2016 budget explainer in this video the government tries to justify some of its thinking behind the budget I thought we could go through that video together and see just how long it takes before the government tries to <|endofsection|>


<transcript><audio_1>perpetuate a myth about macroeconomic policy my name is Gideon Cordover and this is the 2016 budget explainer</transcript>perpetuate a myth about macroeconomic policy my name is Gideon Cordover and this is the 2016 budget explainer <|endofsection|>


<caption><image_2>The image is an illustration of a seesaw with the word "EXPENSES" written on it. The seesaw is in the center of the image, with a white pillar on the right side and a green fence on the left side. The background is a blue sky with a tree and a city skyline in the distance. The image is in a flat, cartoon-like style.</caption><transcript><audio_2>strengthening the nation's finances is key to the government's economic plan like any Australian family or business the government is focused on keeping expenses down to balance the budget and</transcript>strengthening the nation's finances is key to the government's economic plan like any Australian family or business the government is focused on keeping expenses down to balance the budget and <|endofsection|>


<transcript><audio_3>pay down debt stop okay so we made it 16 seconds this video is underpinned by two fundamental misconceptions we'll talk about both of them firstly we need to understand that the government budget is in no way like a household budget they</transcript>pay down debt stop okay so we made it 16 seconds this video is underpinned by two fundamental misconceptions we'll talk about both of them firstly we need to understand that the government budget is in no way like a household budget they <|endofsection|>


<transcript><audio_4>are not analogous they're very different you shouldn't compare them you are a user of the currency and the government the federal government is the issuer of the currency that's why there's no point making a comparison between the two secondly federal taxes don't fund</transcript>are not analogous they're very different you shouldn't compare them you are a user of the currency and the government the federal government is the issuer of the currency that's why there's no point making a comparison between the two secondly federal taxes don't fund <|endofsection|>


<transcript><audio_5>spending and that's because the federal government is the monopoly issuer of a fiat currency we no longer on a gold standard the Bretton Woods system of currency convertibility ended in the 1970s nowadays money is not backed up by anything except what the government says</transcript>spending and that's because the federal government is the monopoly issuer of a fiat currency we no longer on a gold standard the Bretton Woods system of currency convertibility ended in the 1970s nowadays money is not backed up by anything except what the government says <|endofsection|>


<transcript><audio_6>therefore the government cannot become insolvent the cap the government cannot go broke you as a user of the currency can go broke if we didn't have any Australian dollars issued to us in the first place then we would have no Australian dollars with which to pay our</transcript>therefore the government cannot become insolvent the cap the government cannot go broke you as a user of the currency can go broke if we didn't have any Australian dollars issued to us in the first place then we would have no Australian dollars with which to pay our <|endofsection|>


taxes so first misconception we need to remember that the household budget is not like the government budget secondly federal taxes don't fund spending taxes have a number of purposes they can do things like give their currency value they can control inflation they canredistribute wealth from one part of the economy to another and of course they can influence our behavior and for instance we have sin taxes or pigouvian taxes on things like tobacco and alcohol where we put a price on something that we don't want people to do in order to<transcript><audio_7>taxes so first misconception we need to remember that the household budget is not like the government budget secondly federal taxes don't fund spending taxes have a number of purposes they can do things like give their currency value they can control inflation they can</transcript> <transcript><audio_8>redistribute wealth from one part of the economy to another and of course they can influence our behavior and for instance we have sin taxes or pigouvian taxes on things like tobacco and alcohol where we put a price on something that we don't want people to do in order to</transcript> <|endofsection|>


<transcript><audio_9>modify their behavior but none of those things is about spending and it's not just me saying this it's well it was first talked about in 1946 by the then chairman of the Federal Reserve in the United States Beardsley Rummel who wrote a speech that</transcript>modify their behavior but none of those things is about spending and it's not just me saying this it's well it was first talked about in 1946 by the then chairman of the Federal Reserve in the United States Beardsley Rummel who wrote a speech that <|endofsection|>


<transcript><audio_10>was then published called taxes for spending are obsolete so let's deal with this government household budget analogy which is completely fictitious and erroneous right now Australia has about two hundred and eighty six billion</transcript><caption><image_10>The image is a black and white photograph of a man sitting at a desk with a microphone in front of him. He is wearing a suit and glasses and appears to be speaking into the microphone. On the left side of the image, there is a text that reads "Beardsley Runl, Director of the New York Federal Reserve Bank between 1937 and 1947". On the right side, there are two pages of text. The text on the left page reads "Tales for Revenue Are Obsolete". The text is in black font and is centered on the page. The background is white.</caption>was then published called taxes for spending are obsolete so let's deal with this government household budget analogy which is completely fictitious and erroneous right now Australia has about two hundred and eighty six billion <|endofsection|>


<transcript><audio_11>dollars in debt that debt has not been paid off since 1911 so that debt is a hundred and seven years old can you go to your local bank and get a mortgage out for a hundred and ten years I don't think so</transcript>dollars in debt that debt has not been paid off since 1911 so that debt is a hundred and seven years old can you go to your local bank and get a mortgage out for a hundred and ten years I don't think so <|endofsection|>


<transcript><audio_12>between 1949 and 1987 Australia ran budget deficits for 38 consecutive years so imagine going down to your local bank and saying I would like to get a mortgage out please can we make the terms of this mortgage let's say 120 years and for 38 of those years in a row</transcript><caption><image_12>The image is a line graph that shows the Federal government deficits from 1901-2014. The x-axis represents the years, and the y-axis is divided into three sections.

The first section, representing the federal government deficits, shows a decrease in the number of federal deficits over the years. The second section, represented by a red line, shows an increase in the percentage of federal deficit over time. The third section, labeled "35 year deficit: still not broke," shows a decline in the amount of federal debt over time, with a yellow line representing the percentage. The graph also has a legend at the bottom that explains the meaning of the colors used in the graph.</caption>between 1949 and 1987 Australia ran budget deficits for 38 consecutive years so imagine going down to your local bank and saying I would like to get a mortgage out please can we make the terms of this mortgage let's say 120 years and for 38 of those years in a row <|endofsection|>


<transcript><audio_13>I'm not even going to pay any of it off you can't do that because you use the currency the Australian government can and did do that because they issue the currency Australia's national debt is about 286 billion dollars</transcript>I'm not even going to pay any of it off you can't do that because you use the currency the Australian government can and did do that because they issue the currency Australia's national debt is about 286 billion dollars <|endofsection|>


oh no we're broke well why didn't we go broke at 250 billion dollars of debt or 100 billion dollars of debt or 50 billion dollars of debt or 1 billion dollar of debt can you go to your local bank and say I'd like to get out a loan of 286 billion dollars no I didn't thinkso and what is that so-called national debt anyway well the government issues Commonwealth securities Treasury bonds and for instance I have a superannuation account and they give you the form that says do you want to be in high-risk<transcript><audio_14>oh no we're broke well why didn't we go broke at 250 billion dollars of debt or 100 billion dollars of debt or 50 billion dollars of debt or 1 billion dollar of debt can you go to your local bank and say I'd like to get out a loan of 286 billion dollars no I didn't think</transcript> <transcript><audio_15>so and what is that so-called national debt anyway well the government issues Commonwealth securities Treasury bonds and for instance I have a superannuation account and they give you the form that says do you want to be in high-risk</transcript> <|endofsection|>


<transcript><audio_16>investments in medium risk investments or in low-risk investments the lowest risk investment is those Treasury bonds because there's very little chance in fact no chance of the Australian government ever going broke so part of</transcript><caption><image_16>The image is a scatter plot that shows the relationship between government-issued bonds. The plot is divided into four quadrants, each representing a different bond.

The first quadrant is labeled "Government-issued Bonds" and has a red arrow pointing to the left side of the plot. The second quadrant has a green arrow pointing towards the right side. The third quadrant shows the number of bonds in each bond, with the highest bond at the top and the lowest at the bottom.

There are four bars in the plot, each with a different color - green, blue, yellow, and red. The green bars represent the bonds, the blue bars represent bonds in the middle, the red bars represent bond in the top right corner, and the yellow bar represents bonds on the bottom left corner. The red bars indicate that the bond has been issued by government, while the green bars indicate the bond on top of the other three bonds.
- The chart also has a legend that explains the meaning of each bar. The text on the chart reads "GOVT-TUSED BONDS HERE".</caption>investments in medium risk investments or in low-risk investments the lowest risk investment is those Treasury bonds because there's very little chance in fact no chance of the Australian government ever going broke so part of <|endofsection|>


<transcript><audio_17>that 286 billion dollars of national debt is the safe investment that is earning me a return for my superannuation fund so it's a good thing it lets big businesses hedge their bets it gives them a safe investment that</transcript>that 286 billion dollars of national debt is the safe investment that is earning me a return for my superannuation fund so it's a good thing it lets big businesses hedge their bets it gives them a safe investment that <|endofsection|>


<transcript><audio_18>yields a return so it's not a problem the national debt is the non-government savings it's a good thing over the last 100 years on average Australia has run budget surpluses about one year in every four so a budget</transcript><caption><image_18>The image is a digital illustration of the character Bart Simpson from the animated TV show, The Simpsons. He is standing in front of a blackboard with a green chalkboard background. On the blackboard, there is a list of words written in white chalk. The words are arranged in a grid-like pattern, with each word written in a different font size and color. The title of the image is "I must not equal government budgets with household budgets". The words on the list are written in all caps and are in a larger font size than the rest of the text. The image is framed by a black border.</caption>yields a return so it's not a problem the national debt is the non-government savings it's a good thing over the last 100 years on average Australia has run budget surpluses about one year in every four so a budget <|endofsection|>


<transcript><audio_19>deficit is when the government spends more money than it takes in in tax revenue so if the government spends a hundred million dollars but at the end of the year they only take back ninety million dollars in taxes that means that they have a budget deficit of 10 million</transcript><caption><image_19>The image is a table that shows the government's point of view. It has three columns, each representing a different aspect of the government.

The first column is labeled "Receives" and has a green plus sign next to it. The second column is titled "Spends". The third column has a red plus sign that reads "$411 billion". The table also has a white background and the text "Government deficit = $39 billion".

At the top of the table, there is the logo of the Government's Point of View, which is a shield with a blue background and a gold border. Below the logo, there are two lines of text that read "Received" and "Spend". The first line of text reads "$450 billion".</caption>deficit is when the government spends more money than it takes in in tax revenue so if the government spends a hundred million dollars but at the end of the year they only take back ninety million dollars in taxes that means that they have a budget deficit of 10 million <|endofsection|>


dollars and over the years that accumulates and that's what we call the national debt again in the United States they ran consecutive budget deficits as in not paying down any of their so-called debt they ran that for 27years from 1970 to 1997 you can't do that but a government can the government issues the money was you used the money so every time you hear somebody say if I ran my business like the government I'd go broke you can say well you're right you're absolutely right find me somebody<transcript><audio_20>dollars and over the years that accumulates and that's what we call the national debt again in the United States they ran consecutive budget deficits as in not paying down any of their so-called debt they ran that for 27</transcript><caption><image_20>The image is a table that shows the non-government point of view of private businesses and households in Australia and overseas. The table is divided into two columns, one for receives and one for spends.

On the left column, there is a picture of a building with a blue sky and clouds in the background. The text above the picture reads "Private Sector" and below it reads "Non-Government Point of View". The table also has a green plus sign next to it, indicating that the image is related to the private sector.

The table has two columns - Receives and Spends. The Receives column has a value of $450 billion, while the Spends column has the value of "$411 billion. The image also has an arrow pointing to the right side of the table, indicating a decrease in the amount of money received.</caption> <transcript><audio_21>years from 1970 to 1997 you can't do that but a government can the government issues the money was you used the money so every time you hear somebody say if I ran my business like the government I'd go broke you can say well you're right you're absolutely right find me somebody</transcript> <|endofsection|>


<transcript><audio_22>with a hundred billion dollar debt and I'll find you somebody who's very close to insolvency whereas the Australian Government has two hundred and eighty six billion dollars of debt because they can't go broke yes they need to issue interest payments that debt but those interest payments</transcript><caption><image_22>The image is a chart that shows the Federal Government Deficits & Debt since Federation. The chart is divided into three sections, each representing a different period of time.

The first section is titled "Federal Government Deficit & Debt" and shows a line graph that shows that the federal government deficits and debt since Federation have been steadily increasing over time. The line graph shows a decrease in the number of deficits and deficits over the years, with a slight increase in the amount of debt over time and a slight decline in the percentage of debt. The graph also shows a bar graph that represents the percentage change in the debt over the past few years. The bars are colored in red, blue, and green, and the graph is labeled with the names of the different periods of time, such as "Federal Debt Deficit" and "Debt Deficit".

At the top of the chart, there is a legend that explains the different colors used in the chart. The colors used are red, green, blue and purple, which represent the different levels of debt and debt. There is also a legend on the right side of the image that explains that the data is based on the data points.</caption>with a hundred billion dollar debt and I'll find you somebody who's very close to insolvency whereas the Australian Government has two hundred and eighty six billion dollars of debt because they can't go broke yes they need to issue interest payments that debt but those interest payments <|endofsection|>


<video>
<image_23>The image is a table that shows the Sectoral Balances of Government Debt and Non-Government Savings. The table is divided into three columns, with the first column representing Government Debt, the second column representing Debt, and the third column representing Savings.

The first column is labeled "Government Debt" and has a red arrow pointing to it, indicating that the debt is equal to the government debt. The second column is titled "Debt" and contains a green arrow pointing towards it. The third column is labelled "Government Deficit" and shows that the government deficit is equal.

There are two columns in the table, one labeled "Non-Government" and the other labeled "Savings". The first column has a blue arrow pointing downwards, indicating the difference between the two columns. The fourth column has the word "Surplus" written in green. The fifth column has an arrow pointing upwards, indicating a decrease in the debt.

<image_23_2>The image is a table that shows the sectorsal balances of government debt and non-government savings. The table is divided into three columns and three rows. The first column is labeled "Government Debt" and the second column is titled "Non-Government Savings".

The first column has the word "Government" written in bold letters, followed by "Debt" in smaller letters. The second column has "Government Deficit" written on it, and the third column has a picture of the state of New Jersey.

There are three columns in the table, each representing a different sectoral balance. The left column has an image of the New Jersey state flag, the middle column has two images of the United States flag, and and the right column has three images of a globe with the words "Surplus" and "Foreign Sector" on it. The fourth column has four images of different sectors, each with a different color scheme. The image also has a text that reads "Sectoral Balances".
<transcript><audio_23>come in Australian dollars and the Australian government issues Australian dollars they can never run out of them and when you think about it all of that government debt is actually non-government savings a government can always pay any obligation that it has that is denominated in its own currency</transcript></video>come in Australian dollars and the Australian government issues Australian dollars they can never run out of them and when you think about it all of that government debt is actually non-government savings a government can always pay any obligation that it has that is denominated in its own currency <|endofsection|>


it can never go insolvent and it's not just me saying that the chairman of the Federal Reserve Alan Greenspan at the time that he was chairman of the Federal Reserve said that a government cannot run out of money or become insolvent with respect to obligations denominated in its own currency it's as simple asthat the government debt is the non-government savings it's a good thing what the government owes you own you should be very happy about it so that's why the household budget analogy is completely fictitious so when in this budget explain a video they say like any<transcript><audio_24>it can never go insolvent and it's not just me saying that the chairman of the Federal Reserve Alan Greenspan at the time that he was chairman of the Federal Reserve said that a government cannot run out of money or become insolvent with respect to obligations denominated in its own currency it's as simple as</transcript> <transcript><audio_25>that the government debt is the non-government savings it's a good thing what the government owes you own you should be very happy about it so that's why the household budget analogy is completely fictitious so when in this budget explain a video they say like any</transcript><caption><image_25>The image is a screenshot of a news article from the Federal Reserve Bank of Kansas City. The article is titled "A government cannot become insolvent with respect to obligations in its own currency. A flat money system, like the ones we have today, can produce such claims without limit."

On the left side of the image, there is a photo of two men sitting at a table with a microphone in front of them. The man on the left is wearing a suit and tie and appears to be speaking into the microphone. He is looking at the camera with a serious expression on his face. On the right side, there are two other men sitting behind him, also looking at him.

The article is written in black text on a white background. The text is in a larger font size and is centered on the image.</caption> <|endofsection|>


Australian family or business the government is focused on keeping expenses down to balance the budget and pay down debt you know that they are spreading a pernicious myth the government cannot go broke they have no shortage of Australian dollars because they issue them they're not like anyother Australian household or firm or individual because you and I use the currency the government issues the currency check out the Australian office of financial management website so the a OFM or the Reserve Bank of Australia the RBA you can check their website as well and<transcript><audio_26>Australian family or business the government is focused on keeping expenses down to balance the budget and pay down debt you know that they are spreading a pernicious myth the government cannot go broke they have no shortage of Australian dollars because they issue them they're not like any</transcript> <transcript><audio_27>other Australian household or firm or individual because you and I use the currency the government issues the currency check out the Australian office of financial management website so the a OFM or the Reserve Bank of Australia the RBA you can check their website as well and</transcript><caption><image_27>The image is divided into four quadrants, each representing a different aspect of a house.

The first quadrant on the top left shows a picture of a beautiful house with a blue sky and a body of water in the background. The house is a two-story building with a brown roof and white walls. It has a large window on the front and a balcony on the second floor.

In the top right quadrant, there is a photo of a family of four - a man, a woman, and two children - standing in front of the house. The family is smiling and posing for the camera. The text above the photo reads "This house is not the same as the same house".

Below the photo, there are two smaller squares with the same text. The first square on the bottom left shows the same group of people, but with different colors and styles. The second square in the bottom right shows a house with the text "This household" written on it.</caption> <|endofsection|>


<transcript><audio_28>it says the same thing on the a OFM website here's a quote as part of the Australian Government's arrangements with the RBA the RBA provides an overdraft facility to the government the central bank of the nation has an</transcript>it says the same thing on the a OFM website here's a quote as part of the Australian Government's arrangements with the RBA the RBA provides an overdraft facility to the government the central bank of the nation has an <|endofsection|>


<caption><image_29>The image is a screenshot of the homepage of the Reserve Bank of Australia website. The page is titled "Banking Services" and has a blue header with the company's logo at the top. Below the header, there is a section titled "About Us" with a search bar and a list of services offered by the bank.

On the left side of the page, there are several tabs for different sections of the website, including "Financial Services", "In Financial Services", and "Registry". On the right side, there appears to be a section for the bank's services.

At the bottom of the image, there has a link to the website's website, which provides more information about the bank and its services. The website's logo is a shield with a blue and white color scheme, and the text is written in black font. The background of the webpage is white.</caption><transcript><audio_29>overdraft facility to the government do you have an overdraft facility with the Reserve Bank of Australia I didn't think so and then on the Reserve Bank website it says that this overdraft facility is quite strictly limited so how strictly</transcript>overdraft facility to the government do you have an overdraft facility with the Reserve Bank of Australia I didn't think so and then on the Reserve Bank website it says that this overdraft facility is quite strictly limited so how strictly <|endofsection|>


<transcript><audio_30>limited exactly well currently we're running a 39 billion dollar deficit as in the Australian government has spent 39 billion dollars more than they've taken back in taxes can you do that is your overdraft facility 39 billion</transcript>limited exactly well currently we're running a 39 billion dollar deficit as in the Australian government has spent 39 billion dollars more than they've taken back in taxes can you do that is your overdraft facility 39 billion <|endofsection|>


<transcript><audio_31>dollars I didn't think so and if they wanted to the government could take out 80 billion dollars or 100 billion dollars in fact during World War two we were running government budget deficits that were 25 percent of GDP right now it's about two and a half</transcript>dollars I didn't think so and if they wanted to the government could take out 80 billion dollars or 100 billion dollars in fact during World War two we were running government budget deficits that were 25 percent of GDP right now it's about two and a half <|endofsection|>


<transcript><audio_32>percent of GDP so when we're in a pickle the Australian government can borrow 10 times more than its borrowing right now again can you do that let's say you were really in a jam the average Australian has a private debt of about 250 thousand dollars so let's say I'm really in a</transcript>percent of GDP so when we're in a pickle the Australian government can borrow 10 times more than its borrowing right now again can you do that let's say you were really in a jam the average Australian has a private debt of about 250 thousand dollars so let's say I'm really in a <|endofsection|>


<transcript><audio_33>pickle I have a debt of $250,000 somebody's gonna break my legs you know if I don't come up with some cash really quickly so I go down to my local bank branch and say please you've got to help me somebody's gonna break my legs can I please have two and a half million</transcript>pickle I have a debt of $250,000 somebody's gonna break my legs you know if I don't come up with some cash really quickly so I go down to my local bank branch and say please you've got to help me somebody's gonna break my legs can I please have two and a half million <|endofsection|>


<transcript><audio_34>dollars no you can't your line of credit doesn't extend that far when you're in a jam you can't just borrow ten times your current debt the Australian government can and did they can do it again whenever they like that's why you're not the same as the government budget</transcript>dollars no you can't your line of credit doesn't extend that far when you're in a jam you can't just borrow ten times your current debt the Australian government can and did they can do it again whenever they like that's why you're not the same as the government budget <|endofsection|>


<transcript><audio_35>balance the government whenever they want to can take out more money because simply by making laws that require spending the government creates money it creates more Australian dollars and when they tax they delete Australian dollars</transcript>balance the government whenever they want to can take out more money because simply by making laws that require spending the government creates money it creates more Australian dollars and when they tax they delete Australian dollars <|endofsection|>


<transcript><audio_36>and it really is as simple as that there are indeed all kinds of voluntary constraints that the government puts on themselves but since the Bretton Woods system of currency conversion into u.s. dollars in the u.s. dollar being convertible into gold at $35 an ounce since that system ended in the 1970s</transcript><caption><image_36>The image is a diagram that shows the relationship between a drain and a faucet. On the left side of the image, there is a table with three columns labeled "Drain", "Faucet", and "Saving". On the right side, there are three boxes labeled "Taxes", "Imports", "Government Spending", "Exports", and "+1+G+X". These boxes represent the different types of faucets and their functions.

In the center of the table, there appears to be a flowchart that shows that the drain is responsible for saving, saving, investing, and government spending. The flowchart also has a blue arrow pointing to the "S+T+M" box, indicating that it is a solution to the problem. The image also has text that reads "Addition or Inflows" and "Subtraction or Outflows".</caption>and it really is as simple as that there are indeed all kinds of voluntary constraints that the government puts on themselves but since the Bretton Woods system of currency conversion into u.s. dollars in the u.s. dollar being convertible into gold at $35 an ounce since that system ended in the 1970s <|endofsection|>


and since Australia floated its currency in 1983 we have not had a fiscal constraint on the government the government has much more fiscal space available to it then it lets you think if the government wanted to they could raise the deficit to four and a halfpercent of GDP or 10 percent of GDP right now we spend about we're in deficit about forty billion dollars but can you imagine if next year the government said we're gonna spend eighty billion dollars in deficit spending so for every school that we spend some<transcript><audio_37>and since Australia floated its currency in 1983 we have not had a fiscal constraint on the government the government has much more fiscal space available to it then it lets you think if the government wanted to they could raise the deficit to four and a half</transcript> <transcript><audio_38>percent of GDP or 10 percent of GDP right now we spend about we're in deficit about forty billion dollars but can you imagine if next year the government said we're gonna spend eighty billion dollars in deficit spending so for every school that we spend some</transcript> <|endofsection|>


money on double it for every hospital that we spend some money on double it for every military thing that we don't double it double the spending you know what would happen precisely nothing the government couldn't do it if they wanted to they just choose not to they don't have to balance their budget and we wecan see that for 38 years in a row they didn't and it was fine if you think that there's some big concern that the Reserve Bank of a straight the central bank won't listen to the government if the government asks them by we want an extra hundred billion dollars this year if you're worried that<caption><image_39>The image is a map of Australia, showing the major roads and highways in the country. The map is in green color and is divided into different sections, each representing a different type of road.

The map is labeled with various symbols and icons, including a car, a truck, a bus, a train, and a plane. The symbols are arranged in a grid-like pattern, with the car and truck on the left side of the map, the bus and train on the right side, and the plane on the bottom right side.

There are also several icons scattered throughout the map in different colors, including red, yellow, and blue. These icons represent different types of roads, such as highways, highways, and airports. The text on the map provides additional information about the different roads and airports in Australia.</caption><transcript><audio_39>money on double it for every hospital that we spend some money on double it for every military thing that we don't double it double the spending you know what would happen precisely nothing the government couldn't do it if they wanted to they just choose not to they don't have to balance their budget and we we</transcript> <transcript><audio_40>can see that for 38 years in a row they didn't and it was fine if you think that there's some big concern that the Reserve Bank of a straight the central bank won't listen to the government if the government asks them by we want an extra hundred billion dollars this year if you're worried that</transcript> <|endofsection|>


<transcript><audio_41>the RBA will just say no please remember that the Reserve Bank of Australia was set up by an act of Parliament in 1959 and at any time its remit its scope its purpose and its its ability can be</transcript>the RBA will just say no please remember that the Reserve Bank of Australia was set up by an act of Parliament in 1959 and at any time its remit its scope its purpose and its its ability can be <|endofsection|>


<transcript><audio_42>changed amended or destroyed by the Australian Parliament they could just sign another law and a good example of how much capacity the government has to make changes in the way that fiscal policy is implemented</transcript>changed amended or destroyed by the Australian Parliament they could just sign another law and a good example of how much capacity the government has to make changes in the way that fiscal policy is implemented <|endofsection|>


just remember Australia's debt ceiling we actually did have a debt ceiling would you believe it and there was a debt ceiling on how much the Australian government could borrow and it was created in 2007 by the Rudd Government and it was set at 75 billion dollars itwas increased in 2009 to 200 billion dollars it was increased to 250 billion in 2011 and 300 billion in May 2012 in November 2013 Joe Hockey the then treasurer requested Parliament's approval for an increase in the debt<transcript><audio_43>just remember Australia's debt ceiling we actually did have a debt ceiling would you believe it and there was a debt ceiling on how much the Australian government could borrow and it was created in 2007 by the Rudd Government and it was set at 75 billion dollars it</transcript> <caption><image_44>The image is a slide from a presentation about Australia's old debt ceiling. It shows a table that shows the debt ceiling removed by Abbott Liberal-National Coalition Government. The table is divided into columns and rows, with the first column showing the number of debt ceilings removed by the government and the second column showing a list of debts.

On the right side of the slide, there is an illustration of a person holding a black ball with the word "OR" written on it. The person is standing on top of the table, with their arms raised in the air, as if they are celebrating or cheering. The background is white, and there is a blue sky with clouds in the bottom right corner.</caption><transcript><audio_44>was increased in 2009 to 200 billion dollars it was increased to 250 billion in 2011 and 300 billion in May 2012 in November 2013 Joe Hockey the then treasurer requested Parliament's approval for an increase in the debt</transcript> <|endofsection|>


<transcript><audio_45>limit from 300 billion to 500 billion saying that the limit will be exhausted by mid-december 2013 with the support of the Australian Greens the Abbott government repealed the debt ceiling over the opposition of the Australian Labor Party the debt ceiling was</transcript>limit from 300 billion to 500 billion saying that the limit will be exhausted by mid-december 2013 with the support of the Australian Greens the Abbott government repealed the debt ceiling over the opposition of the Australian Labor Party the debt ceiling was <|endofsection|>


<transcript><audio_46>contained in Section 5 of the Commonwealth inscribed stock Act of nineteen eleven until its repeal in December 2013 so there's a great example of a voluntary constraint and every now and again we hear this in America that they're coming up to the fiscal cliff</transcript>contained in Section 5 of the Commonwealth inscribed stock Act of nineteen eleven until its repeal in December 2013 so there's a great example of a voluntary constraint and every now and again we hear this in America that they're coming up to the fiscal cliff <|endofsection|>


<transcript><audio_47>and the debt ceiling and they then threaten each other with whether or not they're going to increase it or or not and therefore sequester all of the furlough all the government workers and shut down the government we had one of those in Australia and then we got rid</transcript>and the debt ceiling and they then threaten each other with whether or not they're going to increase it or or not and therefore sequester all of the furlough all the government workers and shut down the government we had one of those in Australia and then we got rid <|endofsection|>


<video>
<image_48>The image is an illustration of a young man standing with his arms crossed and a speech bubble above his head that reads "Voluntary constraints make no sense!" The man is wearing a white t-shirt, shorts, and sandals. He has brown hair and is smiling. The background is a plain grey color.

<image_48_3>The image is divided into two parts. On the left side, there is a cartoon illustration of a man with a speech bubble that reads "Let's demand more from these clowns!" The man is wearing a red robe and has a beard and mustache. He is standing in front of a large white building with a blue sky in the background.

On the right side of the image, there are three men in suits and ties standing at a podium with a crowd of people behind them. The podium is decorated with colorful flags and banners. The men appear to be giving a speech or presentation to the crowd.
<transcript><audio_48>of it it's a complete voluntary constraint when you have a fiat currency you don't need to defend a gold reserve or peg or or peg your currency to somebody else's you can just issue as much money as you need and the only real constraint is the real resources getting</transcript></video>of it it's a complete voluntary constraint when you have a fiat currency you don't need to defend a gold reserve or peg or or peg your currency to somebody else's you can just issue as much money as you need and the only real constraint is the real resources getting <|endofsection|>


<caption><image_49>The image shows a construction worker standing on the roof of a building. He is wearing a yellow hard hat, green overalls, and a face mask. He has a ladder leaning against the wall next to him. The roof appears to be made of shingles and there is a chimney on the left side of the image. In the background, there are buildings and a blue sky. The image is animated, giving it a dynamic feel.</caption><transcript><audio_49>expenditure under control and making sure every taxpayer dollar is spent efficiently will help boost productivity and investment to driving jobs and growth stop we made it to 27 seconds this is where they say</transcript>expenditure under control and making sure every taxpayer dollar is spent efficiently will help boost productivity and investment to driving jobs and growth stop we made it to 27 seconds this is where they say <|endofsection|>


<transcript><audio_50>that getting expenditure under control and making sure that every taxpayer dollar is spent efficiently will help boost productivity and investment driving jobs and growth and économiques you think that as long as we just really Fergal and the government doesn't spend any money on us that will mean that</transcript>that getting expenditure under control and making sure that every taxpayer dollar is spent efficiently will help boost productivity and investment driving jobs and growth and économiques you think that as long as we just really Fergal and the government doesn't spend any money on us that will mean that <|endofsection|>


<transcript><audio_51>people who have big rich investors on Wall Street or in China they will have confidence that we're so frugal and careful with our money that will give them confidence to invest in Australia well as we've already established we don't need to get all our money from rich people or we don't need to get</transcript>people who have big rich investors on Wall Street or in China they will have confidence that we're so frugal and careful with our money that will give them confidence to invest in Australia well as we've already established we don't need to get all our money from rich people or we don't need to get <|endofsection|>


<transcript><audio_52>Australian dollars from China or the United States the only issuer of the Australian dollar is the federal government via the Reserve Bank of Australia so we don't really need to worry about whether or not the USA or China thinks that we're frugal with our</transcript>Australian dollars from China or the United States the only issuer of the Australian dollar is the federal government via the Reserve Bank of Australia so we don't really need to worry about whether or not the USA or China thinks that we're frugal with our <|endofsection|>


<transcript><audio_53>money and therefore they have more confidence in our dollar doesn't matter we can always afford anything that's for sale in Australian dollars because the federal government is the issuer of those Australian dollars but if this second point brings us closer to a</transcript>money and therefore they have more confidence in our dollar doesn't matter we can always afford anything that's for sale in Australian dollars because the federal government is the issuer of those Australian dollars but if this second point brings us closer to a <|endofsection|>


<transcript><audio_54>discussion about monetary policy versa fiscal policy monetary policy refers to interest rate manipulation whereas fiscal policy is all about taxation and government spending think of it this way</transcript>discussion about monetary policy versa fiscal policy monetary policy refers to interest rate manipulation whereas fiscal policy is all about taxation and government spending think of it this way <|endofsection|>


<transcript><audio_55>monetary policy is very blunt instrument whereas fiscal policy can be quite targeted let's say I wanted to have more jobs and growth in a town like Kai Abram in central Victoria I could use monetary policy to try and stimulate that that</transcript>monetary policy is very blunt instrument whereas fiscal policy can be quite targeted let's say I wanted to have more jobs and growth in a town like Kai Abram in central Victoria I could use monetary policy to try and stimulate that that <|endofsection|>


<transcript><audio_56>region and the way I could do that is for instance to lower the interest rates and that way lower interest rates might incentivize business owners to borrow more money to build more businesses in kaya room and therefore they would hire more workers in kaya Graham and that</transcript>region and the way I could do that is for instance to lower the interest rates and that way lower interest rates might incentivize business owners to borrow more money to build more businesses in kaya room and therefore they would hire more workers in kaya Graham and that <|endofsection|>