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Speaker 1: This podcast was recorded on the land of the Gadigel

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Speaker 1: people of the Eur Nation. Hello and welcome to the

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Speaker 1: Real Story with Joe Hildebrand. It's real, there are stories,

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Speaker 1: and I'm Joe Hildebrand. This week Dutton drops the N bomb. Yes,

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Speaker 1: we'll be looking at the real story behind Peter Dutton's

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Speaker 1: power plant plan. Will he really go nuclear? Can he

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Speaker 1: really go nuclear? Does he even want to go nuclear? Plus,

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Speaker 1: we're all hanging out for rate cuts and Elbow needs

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Speaker 1: a rate cut more than anyone, because without one, he's

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Speaker 1: probably not going to ruin the election. But will we

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Speaker 1: actually get a rat cut? And could we actually get

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Speaker 1: rate rises? A couple of economists things, So that is terrifying.

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Speaker 1: And I'll be delving back in time to give you

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Speaker 1: the real story as to what happened when the Beatles

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Speaker 1: came to town sixty years ago. This month, Dutton has

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Speaker 1: literally gone nuclear. Peter Dutton on Wednesday announced not just

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Speaker 1: that he is going to pursue nuclear power to get

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Speaker 1: Australia to net zero emissions by twenty fifty we knew

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Speaker 1: that already, but he's actually revealed the locations of all

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Speaker 1: these nuclear power plants that he is now saying he's

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Speaker 1: going to build. Have a listen.

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Speaker 2: Today we announce seven locations that we have looked at

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Speaker 2: in great detail over a long period of time that

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Speaker 2: can host nuclear sites. I want to make sure that

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Speaker 2: the Australian public understands today that we have a vision

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Speaker 2: for our country to deliver cleaner electricity, cheaper electricity and

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Speaker 2: consistent electricity. This is a plan for our country which

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Speaker 2: will underpin a century of economic growth and jobs for

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Speaker 2: these communities.

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Speaker 1: Now, the first thing to know about Dutton's plan is

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Speaker 1: it's not going to happen. It is not a plan.

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Speaker 1: He has no plan, or he has a plan, but

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Speaker 1: it's scribbled on the back of a beer coast who's

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Speaker 1: written down seven locations. He's got no costings. He hasn't

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Speaker 1: actually said you know how much any of these reactors

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Speaker 1: are going to cost, let alone all of them. And

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Speaker 1: the time frame for these reactors being built would mean

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Speaker 1: that by the time it was time to cut the

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Speaker 1: ribbon on them, Peter Dutton would probably have retired from politics.

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Speaker 1: But first let's get down to brass tax. There are

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Speaker 1: two nuclear power plants proposed for Queensland, two for New

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Speaker 1: South Wales, one in Victoria. And one each in South

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Speaker 1: Australia and WA all of them for former or currently

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Speaker 1: about to expire power plants. And basically you just replace

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Speaker 1: the source of power. So you take a qualified power plant,

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Speaker 1: you put a nuclear generator there instead, and you use

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Speaker 1: the existing infrastructure, you recycle that to produce the power.

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Speaker 1: You use the existing transmission system, and that's meant to

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Speaker 1: save money because you don't have to build huge wires

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Speaker 1: to where the wind is blowing or the sun is shining,

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Speaker 1: and that means you don't have angry farmers saying, get

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Speaker 1: off my lamb, get off my body. I don't want

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Speaker 1: that giant power polese sticking in front of my cows. Whatever.

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Speaker 1: That seems all well and good. The problem is that

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Speaker 1: the conventional nuclear reactors, which would be in Queensland, New

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Speaker 1: South Wales and Victoria, take about fifteen years to build,

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Speaker 1: and it's a fair bet that we're going to be

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Speaker 1: running out of power well before then. In fact, that's

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Speaker 1: Stunn's whole complaint, that we don't have enough base load power,

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Speaker 1: so he's going to get it by nuclear. He says

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Speaker 1: he's going to infill the interim with gas, and gas

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Speaker 1: is great. Is a transitional fuel. I'm all with him

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Speaker 1: on that, but this means fifteen years down the track

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Speaker 1: before we even get the first little killer wad from

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Speaker 1: any of these power stations. That's the conventional ones. Then

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Speaker 1: there are the small modular reactors, right, these are very

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Speaker 1: exciting new well they are what they say, small modular

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Speaker 1: reactors that you can use to power up smaller areas,

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Speaker 1: so not the huge things that you see on the Simpsons.

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Speaker 1: And these are what he's proposing for South st Australia

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Speaker 1: and Western Australia. There is just one small catch. They

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Speaker 1: don't exist. The technology is just not there yet to

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Speaker 1: make them commercially viable. It might be might come online

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Speaker 1: in five or ten years. That'd be fantastic. That could

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Speaker 1: be a game changer, or it might not. It's be

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Speaker 1: like hydrogen could be, everything, could be nothing, could be

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Speaker 1: something in between. So we've got at best fifteen years

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Speaker 1: according to the CSIRO to get these conventional nuclear reactors online.

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Speaker 1: They cost about eight and a half billion each. Don't

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Speaker 1: take my word for it, take the csiros. And that's

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Speaker 1: if there are no cost overruns of course, which there

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Speaker 1: will be. And in Britain we've seen project just have

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Speaker 1: eye watering cost blowouts, or you've got these SMRs. There's

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Speaker 1: small modular reactors which don't exist yet. That's just the

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Speaker 1: starting point. Queensland, New South Wales and Victoria have all

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Speaker 1: already come out and said that they're not going to

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Speaker 1: lift their ban on nuclear energy. Yes, there is a

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Speaker 1: moratorium on nuclearner in Australia. It's enforced by the States.

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Speaker 1: That would require an Act of Parliament to lift that

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Speaker 1: band to even approve it, let alone start work on it.

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Speaker 1: Every single one of the leaders of this date, not

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Speaker 1: counting Stephen Miles because he's not going to be the

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Speaker 1: Leader of Queensland come November, but even Peter Dunn's own

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Speaker 1: colleague in the Queensland NP, David Chris O Fooley, he said, nah,

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Speaker 1: we're not lifting the ban. So even his own colleague

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Speaker 1: and the Queensland Allen Peters saying we're going to keep

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Speaker 1: the ban. It's a brand new government that hasn't even

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Speaker 1: been elected yet but will be. Chris Mins has also

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Speaker 1: said nah, we're not going to lift the ban. This

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Speaker 1: is despite that should be said Chrismans being very close

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Speaker 1: with a very sensible Australian Workers' Union, which is actually

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Speaker 1: pronuclear energy. If any labor PREMI up was going to

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Speaker 1: get on board with nuclear, it'd be Chris Mins. He's not.

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Speaker 1: He said he's not going to lift the ban, and

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Speaker 1: of course in the People's Republic of Victoria they're not

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Speaker 1: lifting any band and the Libs aren't getting elected anytime soon.

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Speaker 1: These guys could honestly run over a cat and still

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Speaker 1: get a landslide election victory. It seems Victoria is just

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Speaker 1: a weird joint. So Dunton's nuclear plan is not going anywhere.

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Speaker 1: It is dead on arrival before it's left the house.

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Speaker 1: So why does he keep going on about I remember

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Speaker 1: talking even to Scott Morrison in the previous government where

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Speaker 1: nuclear was the love that dared not speak its name.

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Speaker 1: The right of the Liberal Party and the Nationals, they

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Speaker 1: all loved nuclear. Matt Canavan was the only one who

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Speaker 1: had the balls to say it out loud. And now

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Speaker 1: we've gone from a bit where we'd love to do

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Speaker 1: nuclear but Australia's just not ready. We can't actually say

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Speaker 1: that we want to do it because you know, it

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Speaker 1: freaks everybody out. We've gone from that coalition just a

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Speaker 1: couple of years ago to Peter Dutton, who was bringing

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Speaker 1: up nuclear of his own volition, not refusing to rule

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Speaker 1: it out, not being pressured by the government, not being

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Speaker 1: boxed into a corn and say how are you going

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Speaker 1: to do a nuclear or not huh huh huh, big

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Speaker 1: scary nuclear. He's actually come out on the front foot

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Speaker 1: and said, damn right, we're going to go nuclear, both

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Speaker 1: literally and metaphorically. So why why are they doing this? Well,

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Speaker 1: the thing is that Peter Dutton doesn't actually need to

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Speaker 1: build any nuclear power plans, and I'm pretty sure he

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Speaker 1: knows that he's not going to build any nuclear power plans.

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Speaker 1: What he wants is for everybody to be talking about

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Speaker 1: nuclear power plans, because that means he can talk about power.

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Speaker 1: And as long as he keeps talking about power and

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Speaker 1: keeps the government talking about power, that means he can

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Speaker 1: keep hammering home the fact that power bills have risen,

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Speaker 1: the fact that the two hundred and seventy five dollars

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Speaker 1: off your power bill that Labor I'm sorry to say,

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Speaker 1: rather foolishly pledged before the election is probably not going

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Speaker 1: to happen. It will be thanks to their three hundred

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Speaker 1: dollars vouchers, more than two hundred and seventy five dollars less,

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Speaker 1: so it will be less than it otherwise would be,

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Speaker 1: but it's not going to be less than it was.

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Speaker 1: So Peter Dutton is doing with nuclear power the same

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Speaker 1: thing that he did with the Voice, which is getting

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Speaker 1: the government talking about what he wants to talk about.

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Speaker 1: He wants to be playing a home game. He wants

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Speaker 1: to be fighting on his turf, and his turf. As

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Speaker 1: we know from poll after poll after pole, is cost

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Speaker 1: of living. And there is nothing more emblematic of the

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Speaker 1: rising cost of living than rising power prices. It's a

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Speaker 1: phenomenon called bill shock. It means that even though it

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Speaker 1: might not be your highest cost, might not even be

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Speaker 1: what you're most worried about. Most people have been worried

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Speaker 1: about paying the rent, paying the mortgage. Personally, I'm shitting myself.

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Speaker 1: But when you go and open up a bill and

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Speaker 1: your last bill came three months ago, then that means

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Speaker 1: there's a bigger jump than you're expecting. It's not this

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Speaker 1: incremental thing that keeps creeping up, so you're like a

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Speaker 1: frog in the boiling water and you don't notice that

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Speaker 1: it's heated to boiling point until it's too late, because

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Speaker 1: it's so gradual. You get a shock because it's jumped

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Speaker 1: because the last time you checked was three months ago

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Speaker 1: or six months ago, whatever it might be. That is

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Speaker 1: why power is so well powerful. And it's also because

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Speaker 1: it's a cultural war weapon as well, because you can

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Speaker 1: then rightly or wrongly, and a lot of the case

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Speaker 1: it's actually something else entirely that is driving. But you say,

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Speaker 1: see this power bill is going up because this government's

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Speaker 1: got an ideological obsession with renewables, it's got an ideological

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Speaker 1: obsession with the Paris Climate Target for twenty thirty. This

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Speaker 1: crazy ideology is forcing your power bills up. So you say,

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Speaker 1: this ideology is causing a practical harm to you, and

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Speaker 1: the government's obsessed with it and it doesn't understand what

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Speaker 1: you are going through. That's a really powerful weapon and

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Speaker 1: that has been the end of almost every single Australian

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Speaker 1: Prime minister over the past fifteen years. You could argue

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Speaker 1: that Kevin rud Julia Gillard, Tony Abbott, Malcolm Turnbull were

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Speaker 1: all basically casualties of the climate wars. So he is

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Speaker 1: reeling the government in to talk about what he wants

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Speaker 1: to talk about. Every time the government has a go at.

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Speaker 1: Peter Dutton for talking about nuclear That gives him the

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Speaker 1: platform to talk about rising power costs, to talk about

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Speaker 1: the government pursuing what it says, as you know, an

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Speaker 1: ideological crusade towards renewable energy that's proving more expensive and

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Speaker 1: not reliable. So the real plan for Peter Dutton's nuclear

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Speaker 1: power plant plan has nothing to do with nuclear power

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Speaker 1: plants at all. It's just to do with power. Speaking

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Speaker 1: of power, Peter Dutton is getting closer to it. Yes,

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Speaker 1: even before the big nuclear announcement was made this week,

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Speaker 1: there was a poll conducted by the Resolved Political Monitor,

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Speaker 1: very reputable in the nine newspapers, and it found that

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Speaker 1: for the first time, Peter Dutton had pulled ahead of

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Speaker 1: Anthony Albanesi as preferred prime minister. Now this is really

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Speaker 1: significant because even when the opposition is leading the government

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Speaker 1: in the two party preferred stakes, it's usually very uncommon

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Speaker 1: for the opposition leader to be the preferred prime minister

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Speaker 1: to the actual Prime minister. And there's a bit of

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Speaker 1: a clue in that, because the Prime Minister is someone

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Speaker 1: who people have seen and familiar with being in the

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Speaker 1: role and so they say, yeah, he's doing a pretty

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Speaker 1: good job. The Opposition leader. You have to actually go

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Speaker 1: out of your way to picture them, if you like,

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Speaker 1: in a brand new suit, brand new set of clothes,

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Speaker 1: and actually put them in a job that they've never

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Speaker 1: held and you've never seen them in, and then assess

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Speaker 1: them in this imaginary job. I mean, how can you

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Speaker 1: have someone and say, oh, Peter Dutton's a preferred prime

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Speaker 1: minister even though I've never seen him act in the

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Speaker 1: role of prime minister. So once he's ahead on that metric,

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Speaker 1: that is a big worry and it also means that

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Speaker 1: the government loses its biggest weapon against the opposition, which

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Speaker 1: is you don't want to change horses in midstream. Look

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Speaker 1: at our guy. He's the one you know. This is

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Speaker 1: the face you know and trust. This is what it

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Speaker 1: says on the tin. It is going to be very,

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Speaker 1: very difficult. They have their own challenge ahead, which is

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Speaker 1: whether or not the RBA cuts interest rates before they

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Speaker 1: go to the polls. They base are relying on a

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Speaker 1: completely independent statutory body over which the executive government has

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Speaker 1: no control except to appoint the governor. They just have

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Speaker 1: to wait and see and hope that the RBA cuts

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Speaker 1: rates before they call an election, or at least there's

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Speaker 1: widespread speculation and expectation that the RBA will cut rates

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Speaker 1: when they call an election. Now, the earliest the RBA

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Speaker 1: could possibly cut rates is probably around February, maybe March,

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Speaker 1: maybe May. That seems to be what most people are

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Speaker 1: saying there, saying that if you laid all the economists

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Speaker 1: in the world end to end, they still wouldn't reach

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Speaker 1: a conclusion. But a couple of economists have said there

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Speaker 1: could actually be a rate rise before then, and one

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Speaker 1: who is amazing form of getting all these predictions right,

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Speaker 1: even though he's in the minority, has said there could

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Speaker 1: be actually two rate rises before the end of this year.

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Speaker 1: That would be disastrous. And if that looks like a

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Speaker 1: serious prospect of happening, it almost doesn't matter whether the

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Speaker 1: government calls an election. So you've got Peter Dutton going

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Speaker 1: all in on nuclear power plants that will never be built,

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Speaker 1: and you've got Anthony Albanezi going all in on a

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Speaker 1: rate cut that may never come. This election is going

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Speaker 1: to be a hell of a ride. Quick little side

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Speaker 1: note on the real story. I'm going to have to

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Speaker 1: do a shout out to Media Watch and maybe send

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Speaker 1: them an invoice because I've become a regular on the show,

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Speaker 1: and not in the way that it usually happens. The

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Speaker 1: last couple of weeks they've actually been saying I'm right

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Speaker 1: about stuff, so they're actually fact checking the real story

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Speaker 1: and finding out that it's the real story. This, i

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Speaker 1: have to stress, is terrible for my reputation. How on

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Speaker 1: earth am I supposed to show my face at Sky

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Speaker 1: News if you keep doing this to me, Paul Barry

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Speaker 1: the Sky to suggest the AfD is not a far

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Speaker 1: right party is not just alarming, it is preposterous. Host

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Speaker 1: Hill and Brand finally shut it down. The AfD are

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Speaker 1: a nasty bunch of really bad people. I'm just saying,

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Speaker 1: for the sake of this show and for the sake

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Speaker 1: of your fine reputations, I wouldn't be praising AfD as

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Speaker 1: a bunch of freedom fighters and a bunch of wonderful

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Speaker 1: pomen At least there is one adult in the studio.

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Speaker 1: This is this really scary far right party in Germany,

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Speaker 1: which quite frankly has a bit of a history with

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Speaker 1: far right parties. And while you could say that your

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Speaker 1: Nigel fragas, you'r Donald Trump's, even your Marine Lapenz are

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Speaker 1: just the kind of stock standard slightly xenophobic populist right

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Speaker 1: and that appeals to a lot of people. Fair enough,

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Speaker 1: it's one big world. Everyone's got their own opinions. These guys,

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Speaker 1: the AfD are seriously bad hombres, but we have some

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Speaker 1: bad umbres here. In fact, one of their leading members

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Speaker 1: was expelled just recently for using a Nazi slogan. Yes,

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Speaker 1: a political party in Germany in the twenty first century

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Speaker 1: actually using a Nazis logan. That is really really scary stuff.

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Speaker 1: So there you have it. Me Sky News presenter endorsed

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Speaker 1: by the ABC's Media Watch.

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Speaker 2: Hello Australia, This is John Lennon of the Beatles here.

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Speaker 2: I hope you're all having a great time over there.

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Speaker 2: This is Paul speaking well, hope you to come over

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Speaker 2: soon and visit Australia. This is George. That's if you

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Speaker 2: move in a few thousand miles nearer. Hello, that was ring.

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Speaker 2: What can I say?

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Speaker 1: Goodbye? Now? Did you know that it's sixty years ago

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Speaker 1: this month that the Beatles first came to Australia. So

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Speaker 1: I thought for a very special treat i'd give you

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Speaker 1: the real story on what happened when the Beatles down

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Speaker 1: and Windy and some three or four thousand teenagers have

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Speaker 1: been waiting, many of them right through the night to

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Speaker 1: welcome their idols, the Beatles from Breton Now. They arrived

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Speaker 1: incident at June eleventh, nineteen sixty four, about six thirty

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Speaker 1: am Mascot International Airport, rather grandly named. In fact, Mascot

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Speaker 1: International Airport had only had paved runways for the previous

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Speaker 1: ten years. Prior to that, it had gravel tracks on

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Speaker 1: which their planes would land. The Beatles touchdown, there were

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Speaker 1: about one thousand people screaming fans, plus another group. They

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Speaker 1: had a banner that said go home bugs and they

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Speaker 1: called themselves the New South Wales Anti Trash Society. Got

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Speaker 1: a feeling I'd love those guys. Anyway, the Beatles went off.

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Speaker 1: They did shows in Adelaide, they did shows in Melbourne,

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Speaker 1: they came back to Sydney and the shows they did

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Speaker 1: in Sydney was at a place called Sydney Stadium in

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Speaker 1: Rushcutters Bay. Spoiler alert. It was not a stadium. It

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Speaker 1: was an old boxing venue that was known as the

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Speaker 1: Old Tin Shed and it was basically a tin shed.

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Speaker 1: But of course the manager of the stadium didn't want

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Speaker 1: the Fab four to know that. Although it was more

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Speaker 1: like the sort of Fab three, because I think Ringo

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Speaker 1: was sick in London, but it was well by the

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Speaker 1: time we got back, so we got the full compliment

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Speaker 1: here in Sydney. So the manager's wife, Dawn redecorated refurnished

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Speaker 1: the backstage dressing rooms for the Beatles so that it

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Speaker 1: would look super super swish, super super speish, and they'd

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Speaker 1: be so dazzled by all the mod cons that they

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Speaker 1: wouldn't notice that the rest of the venue was pretty

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Speaker 1: much falling apart. This included the revolving stage because of

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Speaker 1: all the electrical wiring that came through the center of

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Speaker 1: the stage, it meant that the stage couldn't actually revolve,

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Speaker 1: And when you're a revolving stage, revolving is a pretty

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Speaker 1: important part of what you meant to do. So what

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Speaker 1: it would do. It would revolve almost a full circuit.

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Speaker 1: And then just before it had pushed all the wires

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Speaker 1: and twisted them and pulled them from their sockets and

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Speaker 1: electrocuted the entire crowd, that a bunch of people would

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Speaker 1: manually turn the stage back in the other direction, and

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Speaker 1: I guess hope that if they did it slowly enough,

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Speaker 1: no one would notice. Another fun fact about the Beatles

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Speaker 1: coming to town was that the Melbourne promoter Ken Brodziak

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Speaker 1: had secured them a year earlier, halfway through nineteen sixty three,

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Speaker 1: when no one really knew who they were, very very obscure,

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Speaker 1: they hadn't really made a name of it. But in

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Speaker 1: the intervening twelve months, of course, they'd become absolute global superstars.

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Speaker 1: So when ken Broziak had actually negotiated this deal for

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Speaker 1: them to come out to Australia, he got them to

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Speaker 1: come out for one thousand pounds. Yes, we didn't even

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Speaker 1: have dollars back then, one thousand pounds a week. One

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Speaker 1: thousand pounds a week for the Beatles. Now you're saying, oh, look,

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Speaker 1: come on back those days, a thousand pounds with a

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Speaker 1: lot of money. Yeah, well, in today's money it'd be

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Speaker 1: a bit over thirty thousand pounds thirty thousand pounds a

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Speaker 1: week for all of the Beatles. Now, by the time

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Speaker 1: they got to Australia, they were able to command in

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Speaker 1: today's money more than eight hundred and thirty thousand dollars

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Speaker 1: for a single performance. So one performance eight hundred and

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Speaker 1: thirty thousand dollars. To give you an idea, in the

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Speaker 1: old tin shed. They played six performances in three days,

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Speaker 1: and again they're here for one thousand dollars a week.

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Speaker 1: But of course Ken's not an unreasonable man. He's not

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Speaker 1: made of stone. And so when they finally came out

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Speaker 1: in their global suits as to say, hey, Glenn, you know,

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Speaker 1: normally we get eight hundred thousand dollars a concert, you know,

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Speaker 1: and you've got us here for one thousand pounds a week,

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Speaker 1: you know, it doesn't really say him right. And Ken said,

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Speaker 1: you know what, you're right, and he generously upped their

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Speaker 1: fee to one thousand, five hundred pounds a week. Well,

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Speaker 1: that's all we have time for. Thank you very much

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Speaker 1: for listening to the Real Story. If you like what

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Speaker 1: you're here, leave us a rating, give us a review,

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Speaker 1: and if you want us to cover anything on the pod,

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Speaker 1: reach out via our socials. Oh my god, I'm talking

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Speaker 1: like a millennial. Our email is the Real Story at

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Speaker 1: Novapodcasts dot com dot au, or you can slide into

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Speaker 1: my dms on Instagram. My handle is Joe Underscore Hildebrand

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Speaker 1: and I'll chat to you next week. By for now,