Australian (ASX) Stock Market Forum

It's Time To Tell China To Get Nicked

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IMO the real issue surrounding China is, they really have made the perfect capitalist system like we had 200 years ago, make everything with slave labour wages and everything becomes a profit.
The problem is we outlawed it a century ago, but now everyone supports it by purchasing their stuff and the manufacturers outsource their production there.
Funny at the same time, we are marching in the streets and pulling down statues over the very same issues.
Weird how history repeats and no one can see it IMO.
Also the only one saying anything about it is derided by the media.
Its a strange world, the loudest know the least and the media gives them encouragement, it has to end badly.
 
sptrawler said:
IMO the real issue surrounding China is, they really have made the perfect capitalist system like we had 200 years ago, make everything with slave labour wages and everything becomes a profit.
The problem is we outlawed it a century ago, but now everyone supports it by purchasing their stuff and the manufacturers outsource their production there.
Funny at the same time, we are marching in the streets and pulling down statues over the very same issues.
Weird how history repeats and no one can see it IMO.
Click to expand...

History may not exactly repeat, however it certainly rhymes.
 
yep, when you can buy a new toaster at KMart for $7.51 someone is not getting paid

The raw materials are purchased OS then shipped to China, then freighted to the factory, processed and made into raw metals, these metals are then processed into components, painted, assembled, packaged, freighted back to the wharf in a container, then sent to Australia, the container unpacked at our rates of pay, then freighted to KMart warehouse all for about ~$5, they then sell it for $7.51 including GST

Someone ain't getting paid a living wage............................
 
macca said:
yep, when you can buy a new toaster at KMart for $7.51 someone is not getting paid

The raw materials are purchased OS then shipped to China, then freighted to the factory, processed and made into raw metals, these metals are then processed into components, painted, assembled, packaged, freighted back to the wharf in a container, then sent to Australia, the container unpacked at our rates of pay, then freighted to KMart warehouse all for about ~$5, they then sell it for $7.51 including GST

Someone ain't getting paid a living wage............................
Click to expand...

It is much cheaper to live in China though.
 
Anyone surprised?

Chinese diplomat accused of spying operation in US used to work in Australia
​
A Chinese diplomat accused of using fake identification documents in the United States was until last year the second-most-senior figure inside China's embassy in Canberra, where he met regularly with Australian politicians.

Cai Wei, the Chinese Consul-General in the city of Houston, is refusing orders by the Trump administration to close the diplomatic compound which is suspected of running sophisticated espionage activities.

Between 2014 and 2019, the career diplomat served as the Deputy Chief of Mission at the Chinese embassy in Australia, and had previously worked in other posts including the five-eyes intelligence partner country Canada.

In 2018, the ABC revealed Cai Wei used a dinner gathering with Labor MPs in Canberra to strongly deny the Chinese Communist Party was trying to control foreign students studying in Australia.

The US State Department has accused the Houston consulate of engaging in "subversive behaviour" and says Cai Wei and two other diplomats used fake identification when escorting Chinese travellers through Houston's international airport.

According to the New York Times, investigations into the Houston consulate have included examining attempts to illegally transfer medical research and other sensitive information from institutions in the area.

It has also been accused of plans to persuade more than 50 researchers, professors and academics in the area to turn over tightly held research or information to Chinese institutions, and of coercing Chinese citizens in the United States, whom the Chinese Government has deemed fugitives, to return to their homeland.

On Wednesday, US President Donald Trump said "it's always possible" his administration would close more Chinese missions in the United States.

In response to the US's demand, China has ordered the US to close its consulate in the city of Chengdu.

Earlier this week, firefighters in Houston were reportedly called to the Chinese consulate because papers were being burned, after the United States had given consular workers three days to shut down the office.

In a statement, a US State Department spokesperson said the move was made "in order to protect American intellectual property and Americans' private information".

"The United States will not tolerate the PRC's violations of our sovereignty and intimidation of our people, just as we have not tolerated the PRC's unfair trade practices, theft of American jobs, and other egregious behaviour."

On Wednesday, Republican senator Marco Rubio, a member of the US Intelligence and Foreign Relations committees, tweeted that the office is the "central node of the Communist Party's vast network of spies & influence operations in the United States".​

​

​



 
"If there’s one thing you should take away from this report, it’s that things are never going to be the same between us.

And because China was and still is the single biggest driver of the Australian economy, that’s a big deal.

While it lasted, we were strange bedfellows.

Australia, a liberal democracy, population 25 million.

China, a communist state, population 1.3 billion.

But for many years, this strange marriage worked.

China got resources, goods and services. And we got to share in their insane growth.

Well, the marriage is over.

And this divorce is getting more bitter by the week.

You might think that a break in the Chinese-Australia economic nexus is the last thing on your worry list right now.

So much other scary stuff is going on. Surely China slapping massive tariffs on Australian barley…or blacklisting our meat producers…or telling its students not to come here because we’re ‘racist’…is the least of your problems?

You couldn’t be more wrong.

I’m convinced that what’s unfolding here is the CENTRAL economic problem for Australia.

Yes, even bigger and more far-reaching than the virus itself.

Because the consequences of this divorce will be felt decades after COVID-19 has finally ebbed away…"

"Get nicked" ahummm.


https://pro.portphillippublishing.com.au/p/w7smschina/MSMSW704/?customerNumber=000051949511&amp&campaignId=d1190fe3-9f49-4c8f-accd-daead5569fc5&r=eml&experimentId=0c57f87b-3cec-43fc-9336-6917e806e0a0&vid=kbHLoO&utm_campaign=dedicated-250720-sms-china-divorce-to-dr-b-e3&utm_source=blueshift&utm_medium=email&utm_content=dedicated-250720-sms-china-divorce-to-dr-b-e3&bsft_clkid=71c227ed-025b-40a9-9a04-4b9f7e1bf9e9&bsft_uid=f8763681-4a89-4346-b88b-a95caeaa0568&bsft_mid=68b2214e-8e56-4f87-b022-51d3a635a145&bsft_eid=0c57f87b-3cec-43fc-9336-6917e806e0a0&bsft_utid=f8763681-4a89-4346-b88b-a95caeaa0568-DR-AUS&bsft_link_id=93&bsft_mime_type=html&bsft_ek=2020-07-24T22:35:17Z&h=true
 
explod said:
"If there’s one thing you should take away from this report, it’s that things are never going to be the same between us.

And because China was and still is the single biggest driver of the Australian economy, that’s a big deal.

While it lasted, we were strange bedfellows.

Australia, a liberal democracy, population 25 million.

China, a communist state, population 1.3 billion.

But for many years, this strange marriage worked.

China got resources, goods and services. And we got to share in their insane growth.

Well, the marriage is over.

And this divorce is getting more bitter by the week.

You might think that a break in the Chinese-Australia economic nexus is the last thing on your worry list right now.

So much other scary stuff is going on. Surely China slapping massive tariffs on Australian barley…or blacklisting our meat producers…or telling its students not to come here because we’re ‘racist’…is the least of your problems?

You couldn’t be more wrong.

I’m convinced that what’s unfolding here is the CENTRAL economic problem for Australia.

Yes, even bigger and more far-reaching than the virus itself.

Because the consequences of this divorce will be felt decades after COVID-19 has finally ebbed away…"

"Get nicked" ahummm.


https://pro.portphillippublishing.com.au/p/w7smschina/MSMSW704/?customerNumber=000051949511&amp&campaignId=d1190fe3-9f49-4c8f-accd-daead5569fc5&r=eml&experimentId=0c57f87b-3cec-43fc-9336-6917e806e0a0&vid=kbHLoO&utm_campaign=dedicated-250720-sms-china-divorce-to-dr-b-e3&utm_source=blueshift&utm_medium=email&utm_content=dedicated-250720-sms-china-divorce-to-dr-b-e3&bsft_clkid=71c227ed-025b-40a9-9a04-4b9f7e1bf9e9&bsft_uid=f8763681-4a89-4346-b88b-a95caeaa0568&bsft_mid=68b2214e-8e56-4f87-b022-51d3a635a145&bsft_eid=0c57f87b-3cec-43fc-9336-6917e806e0a0&bsft_utid=f8763681-4a89-4346-b88b-a95caeaa0568-DR-AUS&bsft_link_id=93&bsft_mime_type=html&bsft_ek=2020-07-24T22:35:17Z&h=true
Click to expand...
I shared your view and know who is getting nicked..
 
explod said:
"If there’s one thing you should take away from this report, it’s that things are never going to be the same between us.

And because China was and still is the single biggest driver of the Australian economy, that’s a big deal.

While it lasted, we were strange bedfellows.

Australia, a liberal democracy, population 25 million.

China, a communist state, population 1.3 billion.

But for many years, this strange marriage worked.

China got resources, goods and services. And we got to share in their insane growth.

Well, the marriage is over.

And this divorce is getting more bitter by the week.

You might think that a break in the Chinese-Australia economic nexus is the last thing on your worry list right now.

So much other scary stuff is going on. Surely China slapping massive tariffs on Australian barley…or blacklisting our meat producers…or telling its students not to come here because we’re ‘racist’…is the least of your problems?

You couldn’t be more wrong.

I’m convinced that what’s unfolding here is the CENTRAL economic problem for Australia.

Yes, even bigger and more far-reaching than the virus itself.

Because the consequences of this divorce will be felt decades after COVID-19 has finally ebbed away…"

"Get nicked" ahummm.


https://pro.portphillippublishing.com.au/p/w7smschina/MSMSW704/?customerNumber=000051949511&amp&campaignId=d1190fe3-9f49-4c8f-accd-daead5569fc5&r=eml&experimentId=0c57f87b-3cec-43fc-9336-6917e806e0a0&vid=kbHLoO&utm_campaign=dedicated-250720-sms-china-divorce-to-dr-b-e3&utm_source=blueshift&utm_medium=email&utm_content=dedicated-250720-sms-china-divorce-to-dr-b-e3&bsft_clkid=71c227ed-025b-40a9-9a04-4b9f7e1bf9e9&bsft_uid=f8763681-4a89-4346-b88b-a95caeaa0568&bsft_mid=68b2214e-8e56-4f87-b022-51d3a635a145&bsft_eid=0c57f87b-3cec-43fc-9336-6917e806e0a0&bsft_utid=f8763681-4a89-4346-b88b-a95caeaa0568-DR-AUS&bsft_link_id=93&bsft_mime_type=html&bsft_ek=2020-07-24T22:35:17Z&h=true
Click to expand...

Armegeddon is coming to Australia but for a subscription of $149 (discounted to $69) you can save yourself.

Definitely get nicked.
 
macca said:
yep, when you can buy a new toaster at KMart for $7.51 someone is not getting paid

The raw materials are purchased OS then shipped to China, then freighted to the factory, processed and made into raw metals, these metals are then processed into components, painted, assembled, packaged, freighted back to the wharf in a container, then sent to Australia, the container unpacked at our rates of pay, then freighted to KMart warehouse all for about ~$5, they then sell it for $7.51 including GST

Someone ain't getting paid a living wage............................
Click to expand...

those of us that own FMG shares are certainly getting paid.

I for one wish China all the best, and am happy to keep sending them Iron Ore.
 
I had to delete most of my post because I wasn't wearing glasses and thought the thread said
It's time to tell China to get Nickel
​
As you were.
I'm staying mum on Western Areas.
 
Australia makes a big move in its ongoing dispute with Beijing as it declares controversial islands AREN'T Chinese territory - just days after Aussie ships were confronted by China's navy in the hotly contested area
  • Australia filed a new declaration at the United Nations in New York on Friday
  • They rejected the claims made by China to several parts of the South China Sea
  • The declaration said claims to Spratly Islands and Parcel Islands were 'invalid'
  • This will anger Beijing as the relationship worsens between the two countries
https://www.dailymail.co.uk/news/ar...oversial-islands-ARENT-Chinese-territory.html
 
Interesting thread - getting china nicked.
So all the metal mining companies in Australia will get nicked. China will go to Africa and Brazil. They surely already sourced the alternatives.
So our cheap products will no more come from China and we will not have money to buy goods made in Australia and Europe either.
Our unions will never negotiate to accept wages as paid by Chinese Companies working in Australia. Still Sunday and Saturday penalty rates will be there.
Manufacturers and Businesses would continue to outsource to countries like Philippines, India, and others.
Universities will get broke because Ausssie kids will enjoy surfing, doles than going to universities. People from China will stop coming and funny enough USA will open the doors. Trump understands money more than us.
We would be making paper tigers and join oratory to hate yellow race, black race and then fight among ourselves with strong division between West and East Coast.
What a fun time to get nicked ourselves
 
I have been following the Tik Tok happenings in the USA.
Trump is forcing a sale to Microsoft but the interesting thing is that he wants the Feds to get a cut from the sale because he arranged the deal. Some people are saying this is extortion and against the Constitution, pretty sure Alexander Hamilton wouldn't be happy.

To quote Trump:
"The United States should be reimbursed or paid because without the United States they don't have anything. It's a little bit like the landlord-tenant. Without a lease the tenant has nothing. So they pay what is called key money or they pay something."

Its a deal they can't refuse. If it happened in Argentina we would protest.

Love to see someone defend this. I wont argue. Just keep notes.
 
Knobby22 said:
I have been following the Tik Tok happenings in the USA.
Trump is forcing a sale to Microsoft but the interesting thing is that he wants the Feds to get a cut from the sale because he arranged the deal. Some people are saying this is extortion and against the Constitution, pretty sure Alexander Hamilton wouldn't be happy.

To quote Trump:
"The United States should be reimbursed or paid because without the United States they don't have anything. It's a little bit like the landlord-tenant. Without a lease the tenant has nothing. So they pay what is called key money or they pay something."

Its a deal they can't refuse. If it happened in Argentina we would protest.

Love to see someone defend this. I wont argue. Just keep notes.
Click to expand...
First off let's start with tic tok:
https://www.boredpanda.com/tik-tok-...oogle&utm_medium=organic&utm_campaign=organic

Its malware dressed up...

As for the trump deal it's probably illegal and sounded like a brainfart. Who knows though it might have been to shake the Chinese to the table. Im not up to speed on specific details.Did we expect something different though.
The bigger play (I suspect) is to go hard on China. They have stolen western tech for years at extreme cost to us. Looks like its starting to turn as the cold war heats up.

Love to see someone defend this. I wont argue. Just keep notes.
Click to expand...
I've noticed a bit of change in attitude lately and a more aggressive stance.

The "just keep notes" sounds like a list of detractors to hang at a later date:D
Don't sweat it knobby he's gone in November.
 
moXJO said:
First off let's start with tic tok:
https://www.boredpanda.com/tik-tok-...oogle&utm_medium=organic&utm_campaign=organic

Its malware dressed up...

As for the trump deal it's probably illegal and sounded like a brainfart. Who knows though it might have been to shake the Chinese to the table. Im not up to speed on specific details.Did we expect something different though.
The bigger play (I suspect) is to go hard on China. They have stolen western tech for years at extreme cost to us. Looks like its starting to turn as the cold war heats up.


I've noticed a bit of change in attitude lately and a more aggressive stance.

The "just keep notes" sounds like a list of detractors to hang at a later date:D
Don't sweat it knobby he's gone in November.
Click to expand...

Just want to see if the Constitution is worth anything anymore.
 
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