Unfortunately for Australia, that “lucky” free ride is just about to end.

Societe Generale’s China economist Wei Yao said recently, “Chinese banks are looking down the barrel of a staggering $1.7 trillion — worth of losses”. Hyaman Capital’s Kyle Bass calls China a “$34 trillion experiment” which is “exploding”, where Chinese bank losses “could exceed 400% of the U.S. banking losses incurred during the subprime crisis”.

A hard landing for China is a catastrophic landing for Australia, with horrific consequences to this country’s delusions of economic grandeur.


https://medium.com/@matt_11659/matt-barrie-australias-economy-is-a-house-of-card...


“We took the view in the 1970s — it’s the old cargo cult mentality of Australia that she’ll be right. This is the lucky country, we can dig up another mound of rock and someone will buy it from us, or we can sell a bit of wheat and bit of wool and we will just sort of muddle through … In the 1970s … we became a third world economy selling raw materials and food and we let the sophisticated industrial side fall apart … If in the final analysis Australia is so undisciplined, so disinterested in its salvation and its economic well being, that it doesn’t deal with these fundamental problems … Then you are gone. You are a banana republic.”
Looks like Paul Keating was right.
The national conversation needs to change, now.

China, Japan, or Italian Banks collapse and destroying the Euro ... it's all connected and whoever is first will bring down the rest.

Australia then can't even export rock.

Thanks Mr Howard for squandering our great chance then, to preparing for next year.
The last GFC was just a practice run for what's ahead.

its funny how the greens have this nihilistic streak.

greens and leftie labor socialists tend to hate christianity.

but only christianity reflects a core truth.

life is suffering, life is unfair, life is harsh and you cannot change that, you must simply accept it and then pick up your cross and bear it with dignity.

there is something noble about being unflappable in a tragedy.

and , yes, tragedy does await us.

it might be china, it might not, it might be cancer or a road accident  but tragedy awaits you.

what are you going to do about it....

whine and complain and get all butt hurt like whiteknight and the unionists

or just give up, catastrophise and become nihistic and depressed like the greens.

how about picking up your good dammed pain, uncertainty , fear and anxiety and bearing it with nobility.

how about giving that a shot and stop influencing the next generation of kids to be bed wetting cowards who want to cower in the corner and cover themselves with a sheet

____ wrote on Nov 22^nd, 2017 at 6:46am:



thats the problem with the lefties and why they get so depressed and so nihilistic.
they always see every thing as a power struggle and they always see the successful as being "oppressors" and having "stolen the power".

that simply isnt true.

men get together and then we see who is most competant and we elect the most competant to lead us.

if you are a plumber, you should try to be an awesome plumber and climb the dominance hierachy of plumbers so that the community says "this is the best plumber in town".
thats not "stealing anyones power".

the successful dont 'steal anything".

and being butthurt, fatalistic , pessimistic and saying we are all doomed is NEVER going to see you become the most successful at anything, unless they have some award for being a crybaby

____ wrote on Nov 22^nd, 2017 at 7:41am:


men dont "hoard" power.
you mistake competance for arrogance

____ wrote on Nov 22^nd, 2017 at 8:06am:



um, dude,  the feminists fought hard for equality in the workplace.


now they have all the work, they are trying to juggle raising kids and they have a beta male (fat steve) at home who cant find a job, is just like another big kid because he has no manly qualities, they cant get aroused by him because he is a loser.

women have been cheered over the cliff by the leftie intellectuals and leftie socialists.

all the studies show women were a lot happier in the 1950's when men went to work and they werent under this enormous pressure.

the left have sold women out and now want to blame it on the strong powerful successful conscientous patriachy which always kept them safe.

do you know how rediculous that is (to a woman working a crappy job, with a mediocre man and a bunch of kids she has to care for).  her life is now pure garbage thanks to leftie ideology,. thanks for nothing 

____ wrote on Nov 22^nd, 2017 at 8:22am:



no, yet again you are wrong.
you are saying there is a "glass ceiling".

do you know how hard a politician works?
or a senior partner in a law firm?
or a executive in a business?

you have a picture in your mind of a guy sitting at a desk smoking a cigar and ordering his minions around.

but in truth, men at the top work ALL THE TIME.

they work from the moment they get up to the moment they fall asleep.
if you are an executive or a senior lawyer, you have to take that call at 3 am on  sunday and then work like a machine to fix some problem.
you have to have incredible tolerance to stress.

most successful women hit 35, they are on good money and they think "do i want to lead this insane lifestyle for the next 30 years" and they, quite sensibly, say NO.

you shouldnt be asking why are there so few women at the top.
you should be asking "why are there any men at all who are insane enough to take on this level of stress" 

Men decide who gets to run for rightwing politics.
Men chose men to run.
Men get voted in.
Men get promoted.

And you deny a glass ceiling.
This glass ceiling is there so hard right males can hoard female power.

Hard right men hoard women's power. Leftwing men don't. We understand returning power, empowers all.

aquascoot wrote on Nov 22^nd, 2017 at 9:05am:




Your sexism, it's misogynistic in nature.
Women rejected you and it hurts.
One of them, your mother?

____ wrote on Nov 22^nd, 2017 at 8:47am:


Men are better than women

Sprintcyclist wrote on Nov 22^nd, 2017 at 10:09am:


We make wonderful women.

Sir lastnail wrote on Nov 22^nd, 2017 at 11:17am:



sir Nail,
sometimes the job has got to be done:

Manson,
Quote:

It's simple really, all the government has to do is,

STOP OUR JOBS BEING OFSHORED BY THESE GREEDY LEACHES.

As a corporation if you come to trade in Australia then all business SHALL be conducted in Australia.

It's not that hard is it........???

> we hardly make anything here anymore:
> We don't add value -
> we sell iron ore but don't make steel.
> We sell yellow cake but we don't sell uranium fuel rods.
> We buy our shoes & clothes from China.
> We don't make cars.
> Go to Bunnings & try to spot any product made in Australia.
> Australia then can't even export rock.

The REALLY BIG NEWS for those wanting to know it is that thorium is a far better alternative to uranium for "nuclear power" and is rapidly being developed by China, India and Russia as a superior alternative to "green energy". Meanwhile, GE keeps selling Oz more of its USELESS windmills. Oz has 40% of the world's thorium reserves, and do you know what Oz is doing about thorium energy? NOTHING! ZILCH! SQUAT!

WHY? Because the Americans tell Oz pollies not to do anything, and Oz pollies ALWAYS do EXACTLY as they're told by the Yanks (PM Murray Trumble is a Wall Street Bankster).

As I've said MANY times before, Ozns are just a mob of spineless faggots and pox-ridden whores who live off government grants, do as they're told by the TNCs and the Septics (tanks - i.e. Yanks) and rely on selling EVERYTHING to foreigners who now own most of it, and pretty soon will own the LOT.

Ozns will end up living in slum ghettos in the major cities while foreigners take over the country that Ozns have sold to them.

____ wrote on Nov 22^nd, 2017 at 5:49am:


And now for some more bad news !!

z wrote on Nov 22^nd, 2017 at 7:33pm:



Good points - why did the Woomera rocket range close down?