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Are we hurtling towards another Global Financial Crisis?

October 3, 2022

If you’re a follower of all things financial and investment like, you’ll find that amongst economists and business journalists alike there’s a growing number sounding the drumbeat of an impending global financial crisis.

Certainly in the UK, recently appointed PM Liz Truss, quickly went to work proving she is completely out of her depth and knows sweet FA about anything by announcing a mini-budget of slashing taxes that saw the pound collapse to record lows and markets crash in some sort of typical neo-Liberal trickle-down fantasy.

Surpassing the errant stupidity of former PM Boris Johnson would seem like a challenge but not so for Truss who went MIA for days only to reappear later in a series of “local community radio” interviews that saw her parrot pre-prepared talking points in the midst of a complete economic meltdown.

Meanwhile in the US, the Federal Reserve is aggressively hiking interest rates to combat an inflation rate sitting at around 8.5%, while the RBA also shows no signs of slowing down its path of consecutive rate hikes back home.

Rumours abound that investment bank Credit Suisse is on the brink of bankruptcy, with some suggesting it could be the Lehman Brothers of our time and trigger a complete global financial meltdown.

Others suggest, it’s no long a matter of “if” but when.

AFL Grand Final Preview with Tom of Melbourne!

September 22, 2022

Tom of Melbourne brings us his exclusive take on the Grand Final 2022…!

Has there ever been a more self centred, attention seeking organisation than the British Royal Family?

Now they’re determined to disrupt our annual football festival.

Just when the attention of the entire civilised world is returning its focus to Melbourne, again hosting the AFL Grand Final, Queen Elizabeth dies. And without even considering all the scheduling disruption!

Families had already organised their drinking games for the Brownlow Medal count.   But all this had to hastily change when the Royal Family organised the funeral at the very same time.

Dozens of blonde lasses had to reschedule their spray tans and pick up early the double-sided tape to hold their frocks together. 

Even the public holiday (to mourn) is the day before our day off to celebrate Australia’s greatest cultural gift to the world! 

In the actual game, it is Geelong (representing the landed gentry demographic) versus Sydney (representing the Oxford Street demographic).

Sydney to win by 3 goals!

Peter Dutton enjoys Comfortable Lead over the ‘Margin of Error’ in Shock New Voter Poll!

August 24, 2022

A new poll has found that Federal Opposition Leader Peter Dutton retains a comfortable lead over the ‘margin of error’ in a new poll published in The Age this week at 17% to 3%.

The Resolve Strategic poll also found that the popular leader, renowned for his happy-go-lucky disposition and quirky sense of humour, was only 11 percentage points behind those voters who couldn’t make up their minds, or didn’t know who he was.

It appears that voters have abandoned the Coalition in their droves, with primary support for the Coalition falling from 36% to 28% since the election.

Labor has taken the lead on key measures that the Coalition traditionally polls stronger on.

The governing party now leads by 9% on economic management — before the election the Coalition held a 10% lead in the same Resolve survey.

The Coalition was also 15% ahead on national security but Labor now leads by 4%.

Prime Minister Anthony Albanese has also extended his lead as preferred prime minister over Opposition Leader Peter Dutton by 55% to 17%.

Fun Fact:

After 6 months as Liberal Opposition Leader, Alexander Downer’s approval rating plunged from 53% to 34%, and his leadership was over.

After only 3 months, Peter Dutton is already down to 17%. That’s twice as bad as Downer, in half the time.

Pauline Hanson’s Dramatic Dummy Spit over Acknowledgment of Country!

July 27, 2022

Pauline Hanson, her of the self-titled political fringe party, has today stormed out of Parliament in protest over the traditional acknowledgement of country.

The meltdown occurred as Senate President Sue Lines acknowledged the Ngunnawal and Ngambri people as ‘traditional custodians of the Canberra area’ and paid respect to elders past and present at the opening of Wednesday’s sitting.

Hanson interjected, yelling: “No, I won’t and never will…!!”

She then dramatically exited the chamber.

The Queensland One Nation senator later said she could not accept the welcome to country, nor a proposal – to be moved later today – that would see the Indigenous flag present in the Senate chamber.

“I’ve been feeling this way for a long time,” she said. “I see this [the acknowledgement of country] as divisive.”

Hanson added the Indigenous flag had “never been voted on”.

“I will never pay respect to [that flag]. I find this flag divisive,” she said.

“We are now hearing it on flights and aeroplanes. I’m sorry – this is my country as well.”

“This is heading towards division in our nation. A them and us. And we’ll never close the gap if we continue down this path. All Australians should be treated equally and the same.”

If Hanson falls to pieces over a few spoken words and a flag, she’s going to lose her mind when she discovers the State of Victoria is planning to move Australia Day celebrations from January 26 in recognition of the concerns of indigenous Australians observing it as a day of mourning.

Alan Joyce must be held to account for Trashing Qantas

July 19, 2022

THE ANNUAL SALARY OF $24 MILLION DOLLARS is quite the reward for single-handedly destroying what was once regarded as the world’s leading airline and national flagship carrier with a reputation many other airlines could only look upon with envy.

Today however, Qantas’ reputation lies in tatters thanks to the brutal and negligent management of its CEO Alan Joyce.

As with most other airlines, booking and paying for a Qantas flight online is relatively straightforward. However from that point on, your experience is likely to be the stuff of nightmares. Should Qantas cancel or reschedule your flight, you will face an 8-hour wait time to speak to a customer service representative to discuss your options.

At check-in, you can expect organised chaos, not due to any lack of Qantas staff you understand, but because of your tardy lack of experience in not preparing for the 3-hour queues and check-in process.

Expecting your baggage to arrive at your destination when you do, is a luxury apparently, as is arriving at the destination you actually booked. Don’t be surprised if you end up somewhere entirely different, dumped at some remote terminal late at night with no ground staff to assist you and no accommodation or meal.

Can Qantas trash its reputation any faster than it has in recent months?

Why yes, of course it can!

As Bernard Keane puts it:

“The abiding theme of Joyce’s management of the decline of Qantas is his passionate loathing of his workforce. This is the man who shut the entire airline down in 2011 rather than deal with engineers, pilots and transport workers and their unions, who used the pandemic to sack 6000 workers, on top of another 7000 workers also sacked under Joyce.”

“The loss of Qantas staff has tracked its decline from a respected airline to the butt of jokes.”

“The fact that it now doesn’t have enough staff to answer phones, crew to fly planes, or workers for its outsourced baggage-handling operation is all completely on Joyce and his attitude of belligerent grievance toward the people who make the airline run day after day.”

With Australians now abandoning the airline in droves due to deteriorating service levels, lost baggage, delayed and cancelled flights and a shambolic customer service experience, it’s clear that all Joyce has achieved is to line his own pockets and those of shareholders.

It sure as hell hasn’t benefitted the traveling public. And for that, he must be held to account.


How good is the USA.

June 27, 2022

Australian Share Market in Armageddon wipe out!

June 14, 2022

THE AUSTRALIAN SHARE MARKET has suffered its worse dive since March 2020 following a horror plunge on Wall Street as surging global inflation scares investors.

The benchmark S&P/ASX200 was down 5.3 per cent in early trade with more than $110 billion wiped off stocks. 

By lunchtime, the losses eased to a 4.75 per cent drop, with the index at 6,602.7 points. 

The dramatic plunge followed a nightmare session on Wall Street amid fears an American inflation rate of 8.6 per cent in May – the highest since 1981 – would see the US Federal Reserve raise interest rates and potentially spark a recession in the world’s biggest economy.

Speaking exclusively to The Gutter Trash, a prominent Sydney based broker said “It’s a complete and utter fucking shit show.”

Another random angry person just told us to “fuck off”.

Random angry person

Where this ends is anyone’s guess, but with the RBA hell bent on raising interest rates in an attempt to rein in inflation (when the main causes of the recent bout of inflation aren’t influenced by interest rates, which is another story) the full on fallout remains to be seen.






SACKED: Karen Hayes from Guide Dogs Victoria gone!

May 31, 2022
Karen and Josh in happier times

Karen Hayes, the flamboyant face of Guide Dogs Victoria who controversially threw her weight behind Josh Frydenberg’s re-election campaign has today “resigned” from her long-standing position as CEO following an internal investigation.

The move follows a massive public backlash with the Board blissfully unaware Karen had politicised the charitable organisation – in breach of government guidelines – potentially jeopardising the organisation’s charitable status and in the wake of a massive public outcry on social media.

Many hundreds of donors withdrew their support for the organisation with some declaring they had changed their Wills and Estate Plans potentially costing Guide Dogs Victoria hundreds of thousands of dollars if not millions in future donations.

Karen now joins Josh Frydenberg in the ranks of the unemployed bringing her 10 year tenure as CEO to a somewhat undignified conclusion.

The post below from just a month ago turned out to be strangely prescient.


Scott Morrison explains: “Why God abandoned me.”

May 22, 2022

FORMER PRIME MINISTER Scott Morrison is reportedly devastated following his crushing defeat at the federal election.

A senior Liberal insider told The Gutter Trash that the Liberal Party leader was confident of a repeat performance of his so-called election-winning “miracle” in 2019 telling the party faithful God spoke to him through a talking hedgehog earlier this week that he was “destined to remain PM forever.”

According to reports, the hedgehog said: “Have I not brought you this far? Now is not the the time to doubt your magnificence”.

In response, Morrison reminded the hedgehog that he too, had played his part of the deal – trying to get Brain Houston to the Whitehouse and by promoting incompetent but god-fearing pentecostal politicians to senior positions within his own cabinet.

Nevertheless, there was no repeat miracle and the Liberal Party has been annihilated with a generation of senior Liberal figures including Josh Frydenberg, Trent Zimmerman, Dave Sharma and Tim Wilson ousted from their seats and their political careers in tatters.

The avuncular Peter Dutton, who appears to have held on in the seat of Dickson is expected to become the Leader of whatever’s left of the Liberal Party, which seems strangely fitting.

The lord moves in mysterious ways.

John Howard confronts voters: “Who DJ’s like a Mad Cunt..?”

May 18, 2022

In what can only be only be described as a sign of “complete description” former Prime Minister John Howard, yes he who not only only lost an election in a landslide defeat but also lost his own seat, has been seen threatening voters to not just only vote Liberal or suffer the consequences but hell mend anyone who challenges his mastery of the funky town turntables.

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