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Re: China goes to see OZ before G20 !!!!
Oh & read this:-
http://www.theaustralian.news.com.au...46-601,00.html
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Re: China goes to see OZ before G20 !!!!
Originally posted by Mega View Post
I guess it's good to know who's buttering your bread.Comment
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Re: China goes to see OZ before G20 !!!!
Yes, that's exactly right. It will be very interesting to see how KRUDD responds going forward when tensions arise between China & the US.Originally posted by cjppjc View PostComment
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Re: China goes to see OZ before G20 !!!!
Originally posted by Down Under View Post
I think you're getting a preview. How will thw U.S. respond. Kick Rod Laver out of the country?Comment
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Re: China goes to see OZ before G20 !!!!
Mega, sorry to be late congratulating you on your 2000th posting here. Thank you for your contributions.Originally posted by Mega View Post
I'll take this opportunity to remind readers of the significance of Australia in the collapse of the FIRE Economy. Please re-read this comment on Australia.Comment
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Re: China goes to see OZ before G20 !!!!
It is always difficult to know what is passing through a politician's mind!!! Does Rudd really believe that unbounded new debt is the solution to the world's problems? I think perhaps he sees it as the solution to K Rudd's problems and the devil take the hindmost!
It is indeed laughable that anyone from Aus should wander the world telling everyone else what they ought be doing with their own Economy.
However,in assessing Rudd's comments, keep in mind that as far as financing goes Australia is in the desperate stakes list. There is a false notion of prosperity here that has been built on debt - both foreign and domestic. If the world deflates and liquidity falls, Australia faces EJ's 'sudden stop'.
Therefore it is essential to Rudd that all the other nations of the G20, especially the US. keep stimulating and, if necessary, printing. That way world liquidity is maintained and he may postpone the crisis in Australia at least past the next election and maybe even past his tenure.
The already massive sale of Australian resources to Foreign interests, now China, must continue if we are to finance our deficits and interest and Foreign dividend payments. In addition the current debt of over $700Billion is set to expand at a rapid pace. So, as stated, Aus desperately needs Global liquidity so we can keep on borrowing.
That Rudd can keep this mythological prosperity in place, despite the fact we will have sold our national soul in the process, is all that matters.It doesn't matter a tinker's 'damn' whether the policies are right or wrong...politial egos are at stake and there is nothing in this world more importnat than that.
It is evident in Australia that the PTB will do or say anything to postpone the day of reckoning. In the PTB I include politicians from both the Liberal and Labor parties.
From an investment viewpoint, Australia is just another house of cards. If the wolf starts huffing and puffing around here he will more than blow the door in!Comment
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Re: China goes to see OZ before G20 !!!!
Seems to be that way, doesn't it. It would be interesting to know where Australia ranks in the 'house of cards' order. At this stage, it appears to me that:Originally posted by The Outback Oracle View Post
1. UK
2. US
3. Ireland
It would be interesting if someone could put together such a list. I'd like to see where Australia would rank. Sure, I know it wouldn't be perfect, but I'd like to see how others think Oz rates.Comment
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Re: China goes to see OZ before G20 !!!!
Downunder i guess itulipers would put the US down the list somewhere because it has the Reserve currency. Of the G20 countries I guess UK would be top of the list in terms of vulnerability. Aus must rank in the top 3 or 4 I'd have thougtht. Yes it would be a bit interesting to see a ranking of what everyone thought. The world seems to think Aus is safe because it has lots of minerals etc...pity we don't own any of them much!
* Argentina
* Australia
* Brazil
* Canada
* China
* France
* Germany
* India
* Indonesia
* Italy
* Japan
* Mexico
* Russia
* Saudi Arabia
* South Africa
* South Korea
* Turkey
* United Kingdom
* United States
I think you are right though...Ireland is in bigger trouble than we are. Spain is a basket case. NZ is a bit more vulnerable than Aus. One way and another it is not going to be pretty for any of us.Comment
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Re: China goes to see OZ before G20 !!!!
Originally posted by EJ View Post
Thanks Ej, one trys!
As i see it the World will form 3-4 "Power blocks"......Asia/Euro/North America- The Rest of America/3RD World (Fast becoming 1ST World.
Afica will be fought over with China the winner.
I expect our internet will be split in the same way, no way "They" will want Mega to watch "Russia today".....to find out whats happening.
MikeComment
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Re: China goes to see OZ before G20 !!!!
I am not so sure Canada & Brazil are in near the hurt you may think they are -- certainly from a resource side, they are both in much better shape than many other countries...Originally posted by The Outback Oracle View PostComment
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Re: China goes to see OZ before G20 !!!!
Sorry Doom...that was jkust an alphabetical list of the G20.Originally posted by doom&gloom View Post
You're right I think Canada and Brazil are going to do pretty well.Comment
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