Remember that China fills a curious role in Australian politics. As a country with a long history of racism particularly directed at the Chinese, Australia is trying to play on both sides of the net. On the one hand we are trying to say they as a Maoist country or at least a Marxist-Leninist dictatorship, represent the very core of evil in the world, which is trying to overthrow the wonderful freedom loving capitalist system.
On the other hand we are then seen to be saying, like Kevin Rudd used to often in the Chinese language that they are an enormous benefit to our economy and should be kept so for as long as we have soil left to mine. To this extent we also throw in the Indians showing that 2 billion people who may get a bit upset with our attitudes are of little concern.
As long as we have people like the oily tongued Obama to sabre rattle at both these countries and work out his best geopolitical strengths. Roughly translated that means that he can threaten the now usual pre-emptive strike or war by the use of supporting whatever destabilising forces he can within these countries or resort to the covert use of the CIA or groups directly beholden to the CIA.
That is how the US gets itself involved in something like 100 wars at the moment, but it also drags lapdog countries like Australia into the same cesspool with the US. We of course hardly have the resources to tap or the oney to steal from the people to pay for this kind of imperial aggression. As a simple recognition of the Australian – China dependence the following found its way into our Sydney Morning Herald.
“According to the report, if China’s GDP growth slowed to 5 per cent per annum, Australia would be sent into a recession and house prices could fall by as much as 20 per cent.
However, Ms Chaplin told the Herald that such a worst-case scenario was not likely.
China’s insatiable demand for resources over the past decade, particularly iron ore and coal, has underpinned Australia’s mining boom.
Australia’s house prices have suffered a prolonged slump, with values falling in every quarter last year across the country.
Any significant drop in house prices could be a major headache for the nation’s banks, which have a large exposure to the sector. Some lenders could be forced to put more money aside to protect against mortgages turning bad.”
What seems to be said there is that if the nonsensical drop in GDP occurred, a fact of fiction, then here are the results. I suppose that’s what you call an extensive journalistic investigation of the position. You posit the impossible and say what would, could or might happen then.
This of course leaves out India that might get its nose out of joint if we continue to have leaders who talk big on racial equality but do bugger all to even start to address our own domestic problems. But then again we have a mining boom and Gillard got on her hands and knees to crawl all the way to WA to please the miners. Just imagine a newly unelected Prime Minister there only by virtue of a party spill having the nerve to grovel to the elite to curry favour before an election.
But somehow the people fooled by the media acepted it as some sort of genuine attempt at solving a problem. Well we all know that the miners despite the most dire predictions have kept booming regardless of tax increases. Their fortunes continue to rise astronomically which is mirrored by their continued cries of we’ll all be ruined if you do not treat us like demi gods.
George Ikners ikners.com
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