Australian (ASX) Stock Market Forum

Economic implications of a SARS/Coronavirus outbreak

China is loving the fact that the west are virtue signaling their way to a self inflicted economic, political, and social controlled demolition, championed and led by our Silicon Valley elites, Gates, Dorsey, Bezos, Zuck and of course employed via the UN thugs led by Klaus and his ilk at the WEF.

China has nearly 250 gigawatts (GW) of coal-fired power now under development, more than the entire coal power capacity of the United States. So when Xi says China will peak…what he is preparing us all for is a massive (they never stopped) and continued investment.

Our Chinese friends now have 97.8 GW of coal-fired power under construction, and another 151.8 GW at the planning stage. And so while some poor sap was penning Xi’s carefully crafted speech to the UN, Xi and his underlings were busy. Busy financing and building out what is likely to be the worlds most impressive global energy infrastructure.

Just this year plants accounting for some 17 GW began construction in China. To put this into context this is more than the total amount approved during the previous two years. But they are not only investing in their backyard. Nope… according to a Boston University database they have made more than $244 billion in energy investments abroad since 2000 with the bulk of that in recent years going into oil and gas.

(Yeah not wind, solar or renewable and recyclable Unicorn farts. Good ol O&G…)


A healthy $50 billion has gone toward dirty old coal!

They’ve done all of this, and will continue to do more, while paying lip service to “carbon emission reductions”. That our western leaders are as gullible as they are is a tragedy but simply ensures the west is going to end up being a source of houseboys for their Chinese overlords by the next decade. Watch!

The reason is simple and it’s one I’ve repeated more times than I care to count.

No country has political security without energy security.

And energy security is one thing that the liberal hand wringing “we’re all going to die in 12 years” crowd neither understand, nor care to understand.

That’s how religious-like ideologies work after all.

On the topic of securing political power globally consider this:

It is one thing to develop domestic energy, but that isn’t enough to rule the world. To rule it you need global capacity and leverage over other nations. This was always what the “belt and road” initiative was all about… a trojan horse. That discussion of the Belt and Road has faded from the MSM does not mean it isn’t being pursued. I assure you it continues.

A report in January found that more than one-quarter of coal plants under development outside China have some commitment or offer of funds from Chinese financial institutions. Imagine that.

Keep this in mind. China is the largest consumer of fossil fuels and over the last decade has become the largest financier of the fossil fuel industry.

Here, take a look:

Screen-Shot-2020-11-05-at-5.09.39-PM (1).png

As mentioned by the institute for energy.

These Chinese corporations are building or planning to build more than 700 new coal plants at home and around the world, some in countries that today burn little or no coal, according to tallies compiled by Urgewald, an environmental group based in Berlin. Many of the plants are in China, but by capacity, roughly a fifth of these new coal power stations are in other countries. In total there are 1,600 new coal-fired plants planned or under construction in 62 countries, according to Urgewald’s tally, which uses data from the Global Coal Plant Tracker portal. The new plants would expand the world’s coal-fired power capacity by 43 percent.

https://www.instituteforenergyresea...ement-china-india-continue-build-coal-plants/
So expect to see China championing and cheering on the West, encouraging them to divest of fossil fuels, encouraging them to keep their economies locked down with Covid hysteria and encouraging the decimation of their economies, and the subsequent political and social mayhem being unleashed.

Why? because if you’re running a race and you’re not the fastest that doesn’t matter if your competition has swapped out their track shoes for concrete boots and iron shackles. Why wouldn’t you encourage them to keep it up…and with vigour.



https://capitalistexploits.at/how-china-is-capturing-global-energy-market-share/


Cliff notes:

It's all a bluff. They aren't even food secure. They import everything. Food, energy, oil, commodities, everything. The entire country is the world's step between raw good and finished product. They can't even feed themselves or keep their own lights on ffs.
 
U.S markets last night:


Defensive. Everyone should know what that means by now.

Tech & r2k up. Semiconductors back on the menu too. Everything else down. Energy slaughtered.
 
China is loving the fact that the west are virtue signaling their way to a self inflicted economic, political, and social controlled demolition, championed and led by our Silicon Valley elites, Gates, Dorsey, Bezos, Zuck and of course employed via the UN thugs led by Klaus and his ilk at the WEF.

China has nearly 250 gigawatts (GW) of coal-fired power now under development, more than the entire coal power capacity of the United States. So when Xi says China will peak…what he is preparing us all for is a massive (they never stopped) and continued investment.

Our Chinese friends now have 97.8 GW of coal-fired power under construction, and another 151.8 GW at the planning stage. And so while some poor sap was penning Xi’s carefully crafted speech to the UN, Xi and his underlings were busy. Busy financing and building out what is likely to be the worlds most impressive global energy infrastructure.

Just this year plants accounting for some 17 GW began construction in China. To put this into context this is more than the total amount approved during the previous two years. But they are not only investing in their backyard. Nope… according to a Boston University database they have made more than $244 billion in energy investments abroad since 2000 with the bulk of that in recent years going into oil and gas.

(Yeah not wind, solar or renewable and recyclable Unicorn farts. Good ol O&G…)


A healthy $50 billion has gone toward dirty old coal!

They’ve done all of this, and will continue to do more, while paying lip service to “carbon emission reductions”. That our western leaders are as gullible as they are is a tragedy but simply ensures the west is going to end up being a source of houseboys for their Chinese overlords by the next decade. Watch!

The reason is simple and it’s one I’ve repeated more times than I care to count.

No country has political security without energy security.

And energy security is one thing that the liberal hand wringing “we’re all going to die in 12 years” crowd neither understand, nor care to understand.

That’s how religious-like ideologies work after all.

On the topic of securing political power globally consider this:

It is one thing to develop domestic energy, but that isn’t enough to rule the world. To rule it you need global capacity and leverage over other nations. This was always what the “belt and road” initiative was all about… a trojan horse. That discussion of the Belt and Road has faded from the MSM does not mean it isn’t being pursued. I assure you it continues.

A report in January found that more than one-quarter of coal plants under development outside China have some commitment or offer of funds from Chinese financial institutions. Imagine that.

Keep this in mind. China is the largest consumer of fossil fuels and over the last decade has become the largest financier of the fossil fuel industry.

Here, take a look:

View attachment 116384

As mentioned by the institute for energy.


So expect to see China championing and cheering on the West, encouraging them to divest of fossil fuels, encouraging them to keep their economies locked down with Covid hysteria and encouraging the decimation of their economies, and the subsequent political and social mayhem being unleashed.

Why? because if you’re running a race and you’re not the fastest that doesn’t matter if your competition has swapped out their track shoes for concrete boots and iron shackles. Why wouldn’t you encourage them to keep it up…and with vigour.



https://capitalistexploits.at/how-china-is-capturing-global-energy-market-share/


Cliff notes:

It's all a bluff. They aren't even food secure. They import everything. Food, energy, oil, commodities, everything. The entire country is the world's step between raw good and finished product. They can't even feed themselves or keep their own lights on ffs.
can not agree more.
As for the last "it's all bluff", if they import from africa or SE asia, and if the fish they eat come from a png flag sea factory consider it as good as domestic.
 
Now a Oz focus entry, I know @over9k is more US focused.
Here, the question is what will they really want, and within which context? more bling? maybe not
My guess is, there will be a lot more mums and dads getting into investment, this is the first time they have seen money injected like this and the market bounce has been amazing. It wont go un noticed IMO.
 
My guess is, there will be a lot more mums and dads getting into investment, this is the first time they have seen money injected like this and the market bounce has been amazing. It wont go un noticed IMO.

at the moment it feels like buy into any blue chip and the chances it will go up are much better then going down, see how long can ride the wave
 
My guess is, there will be a lot more mums and dads getting into investment, this is the first time they have seen money injected like this and the market bounce has been amazing. It wont go un noticed IMO.
nice recipe for disaster, and if a few learn about leverage..saw it all during GFC, not that far away..
 
at the moment it feels like buy into any blue chip and the chances it will go up are much better then going down, see how long can ride the wave
That's what no one knows, but one thing for sure, with everyone staying home and no travel there will be a lot of money sloshing around in bank accounts looking for somewhere to go.
We live in weird times.
If like the wool scouring idea, councils, Government and industry, see this as an opportunity to build a manufacturing base and the transition to renewables continues, opportunity knocks IMO.
This could be a phoenix event or the crash and burn event, but I definitely think it will be an event period, not more of the same as we have seen since the 1980's. So for a period of time there will be a lot of activity.
As frog said, it could end up a massive 1987 crash event, but with computerised modelling and data handling, the banks should be able to better handle risk, which is quite funny because that is exactly what they have been told to do by APRA, coincidence?

But it is just my opinion.
 
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That's what no one knows, but one thing for sure, with everyone staying home and no travel there will be a lot of money sloshing around in bank accounts looking for somewhere to go.
We live in weird times.
If like the wool scouring idea, councils, Government and industry, see this as an opportunity to build a manufacturing base and the transition to renewables continues, opportunity knocks IMO. This could be a phoenix event or the crash and burn event, but I definitely think it will be an event period, not more of the same as we have seen since the 1980's. So for a period of time there will be a lot of activity.
But it is just my opinion.
I think in 15y time, it will be called the renewable crash....dot com crash did not mean the end of the internet, and this will not see the end of EV or solar but the irrational exuberance will go in flame, zoom tesla..billions will go in smoke..go oil
 
There's a lot of pent-up demand out there. Think what will happen to those savings once people can actually spend them on what they *really* want to.
Thinking of the population overall and how I perceive it, not necessarily me personally, that means we should be investing in things related to:

International travel

Concerts

Major sports codes

Nightlife in all forms - restaurants, pubs, nightclubs and what is politely termed the "adult services industry"

Breweries might be another one. Early in the pandemic tanker loads (think petrol tankers in that context) of surplus beer were hauled away from breweries to be disposed of. At least some of it literally ended up being used to produce gas with that then used to generate electricity, that being the only way to get any value from it at all albeit not much. :2twocents
 
Thinking of the population overall and how I perceive it, not necessarily me personally, that means we should be investing in things related to:

International travel

Concerts

Major sports codes

Nightlife in all forms - restaurants, pubs, nightclubs and what is politely termed the "adult services industry"

Breweries might be another one. Early in the pandemic tanker loads (think petrol tankers in that context) of surplus beer were hauled away from breweries to be disposed of. At least some of it literally ended up being used to produce gas with that then used to generate electricity, that being the only way to get any value from it at all albeit not much. :2twocents
Here in AU it's international travel. It's life as normal otherwise.

Someone else said to ask the virus... Well, there isn't one here.
 
Here in AU it's international travel. It's life as normal otherwise.
I'll have to disagree that things are back to normal.

There's plenty of New Year's Eve events not happening this year as just one example and likewise basically no such thing as major concert tours and so on at present.

It might be possible to organise such things now, although in the case of concerts by international artists that does presume a resumption of travel without quarantine and the ability to guarantee dates, but there's still a substantial gap between now and when "normal" actually returns in practice.

Personally I'd say "the rebuilding has commenced" but thus far it's still just a hole in the ground, it'll be a while before the building's up. :2twocents
 
Are there any AU bands that actually tour though?

I'm not aware of any restrictions really effecting much, restaurants are open, you can go to work, the beach, take the kids anywhere, state borders are open etc etc?

As far as I know the only things still banned are really big crowds like at stadiums or conventions?
 
They're net importers of everything they *need*.
the imports are coming from places they control more and more, see africa for minerals and food, SE Asia via the belt road for even lower tech manufacturing, this is the new USA, if they need oil, they will control the producing countries etc
 
the imports are coming from places they control more and more, see africa for minerals and food, SE Asia via the belt road for even lower tech manufacturing, this is the new USA, if they need oil, they will control the producing countries etc
From the article:
Community leaders in North Queensland fear China's plan to build a fish processing facility on their doorstep will jeopardise border security and the commercial fishing sector.
China's Ministry of Commerce has announced that Fujian Zhonghong Fishery Company has signed a memorandum of understanding with the Papua New Guinea Government to build a $204 million "comprehensive multi-functional fishery industrial park" on the island of Daru under its Belt and Road Initiative.
1608023053633.png
 
As more countries in the West authorise the vaccine, "the difference between people in rich countries getting vaccinated and the lack of any vaccines for the developing world will become quite stark,” said Anna Marriott, health policy manager at Oxfam. “And it will only prolong the pandemic.”

well, ain't that a shame
 
the imports are coming from places they control more and more, see africa for minerals and food, SE Asia via the belt road for even lower tech manufacturing, this is the new USA, if they need oil, they will control the producing countries etc
Sure, but they've got to get them to china afterwards.


mapcrudebig.png

Any one of those straits could be shut within a few hours if the right people wanted them shut. Then you either have to get everything across land somehow (news flash, much of which isn't possible) or go the loooooong way around through PNG and the marianas and then still have to make your way past japan & taiwan. Every country of which you need to make it past, hates you. And that's assuming you even get your stuff that far and the indians or arabs or whomever don't get it before it even gets through the indian ocean. Who also all hate you.


And that's before we talk about the demographic implosion that china is currently undergoing:

11-chinapopulation-2020-01-scaled-1024x711.jpg
china-2040-new.jpg

Or before realising that they're actually broke. You think the west's debt is bad with the americans at 100% of gdp?


EUvSZhEX0AE0Yfp.jpg
Screenshot-2020-05-11-14.41.11.png


Despite all the bluster, china is in its death throes.
 
Sure, but they've got to get them to china afterwards.


View attachment 116401

Any one of those straits could be shut within a few hours if the right people wanted them shut. Then you either have to get everything across land somehow (news flash, much of which isn't possible) or go the loooooong way around through PNG and the marianas and then still have to make your way past japan & taiwan. Every country of which you need to make it past, hates you. And that's assuming you even get your stuff that far and the indians or arabs or whomever don't get it before it even gets through the indian ocean. Who also all hate you.


And that's before we talk about the demographic implosion that china is currently undergoing:

View attachment 116402
View attachment 116403

Or before realising that they're actually broke. You think the west's debt is bad with the americans at 100% of gdp?


View attachment 116405
View attachment 116404


Despite all the bluster, china is in its death throes.
They get all the energy they need from russia: gas and oil, and for coal mostly China own Mongolia..an annexed territory..and for the rest indonesia and Africa
Sure the demographic implosion.but you do not need more people...all these cries about japan coming from european loosing their country to immigration...
As for the debt: who caresat least with their fake yuans, they buy farmlands mines RE all over the world instead of inflating wall street salaries
have a step back, visit NY then SZ and there is no doubt on who is winning..that was even before the covid19
Covid is adding self destruction and ensuring the west is collapsing earlier, so de facto removing the demographic issue...
An economic consequence, one of many, of covid19
 
They're net importers of almost everything frog. Energy, oil, coal, iron ore, food, everything. What do you think cutting off the oil supply from the persian gulf will do to them?

Which, by the way, is GOING to happen when the saudi's & iranians start shooting at each other, which both sides are preparing to do right now. Even ignoring that, then you have to get it past india, pakistan etc. Then you have to get it through the straits. Then you have to get it past japan. See what I'm saying?

And news flash, all the other stuff they import like coal, iron ore, wheat etc etc all has to travel the oceans as well. All of which could be shut off in a matter of hours.


You also do need more people if you're completely underwater in debt, which they are.
 
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