Topics:
Iron Fist, Velvet Glove Episode 498: One Nation Surge, Resource Taxes, and Trading on Trump’s War Talk
Trevor and Scott mark episode 498 and discuss the South Australia election where One Nation won 22.5% of the vote but about 8.5% of seats, prompting debate over electoral systems and proportional representation, while noting Liberals fell to about 19% and Labor won 72% of seats from 37% of votes; they cite backing and amplification for One Nation from Gina Rinehart, News Corp/Sky, Barnaby Joyce networks, and coordinated social media. They critique a Reserve Bank rate rise amid fuel-driven inflation and argue for higher resource taxes, referencing a proposed 25% gas export levy and Norway’s 78% tax. On Iran/Israel, they debate Australia’s involvement (UAE defensive assets and Pine Gap), play clips alleging a US Tomahawk strike hit an Iranian school killing 165 girls, criticize Israeli actions in Gaza/Lebanon/West Bank, and question media coverage. They then discuss claims Trump’s announcements move markets, citing a large pre-announcement futures trade and suspicions of profiting. They close noting episode 500 may bring a break and mention Japan’s PM laying flowers for the Nagasaki bomber pilot.
00:00 Show Intro
01:29 Trump And Project 2025
02:27 Would You Visit America
04:21 South Australia Election Shock
06:17 Vote Share Vs Seats
07:16 Proportional Representation Debate
14:14 One Nation Backers And Media
21:23 Global Populism And Protests
22:11 Rate Rise And Fuel Inflation
25:43 Taxing Gas And Mining Giants
28:34 Climate Costs And Sea Levels
29:32 Pivot To Iran And Israel
31:32 Australia in the War
32:17 Pine Gap Target Debate
33:51 Troops on Ground Red Line
35:16 School Bombing Breakdown
39:39 Intentional or Mistake
43:10 Media Silence in Australia
45:54 Israel Society and Lebanon
51:41 Gaza Doctor Testimony
55:56 Trump Peace Talk Claims
59:00 Trading on Announcements
01:03:07 Missile False Flag Story
01:05:44 Wrap Up and Next Topics
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