wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
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...and currently falling all over ourselves to sell out the last vestige of dignity we have left, our liberty.
...and currently falling all over ourselves to sell out the last vestige of dignity we have left, our liberty.We can point the finger everywhere. Australia as a whole sold itself out.
The ABC has also seen an online notice to a middle school in Zhejiang, banning staff and students from turning on heating if temperatures exceeded 3 degrees.
So, in your opinion, do we embrace China, or the US?As Keating pointed out Australia requires capital to function either international or internal.
One of Keating's points was superannuation was one way to raise capital internally (one of the few for large amounts).
So most of our capital comes from over seas China being a large contributor, stop that and be happy to take a serious haircut on wealth.
Not trying to state a case but need to be realistic as to the consequences.
I suspect Australia will need nuclear weapons longer term to fend off a increasingly aggressive China and a increasingly regressive US that some here keep cheering on.
So, in your opinion, do we embrace China, or the US?
Yes it is ironic, we bagged the U.K for joining the EU, now there are many bagging them for leaving the EU, just shows you please everyone all the time.With China we wont get a choice from now on our relationship will only be on their terms.
Their terms are that we kowtow to China.
How we deal with that remains to be seen.
With the US it will depend on US politics and with current policy settings of withdrawing from around the globe once they secured some sort of self sufficiency in oil supply (this actually started pre Trump its not new) Australia could well be stranded (fuel supply 23 days?).
I don't think we will get to chose it will unfold largely out of Australia's control.
I also don't think people truly understand our greatest future risk is staring at us right now.
This from todays ABC re Doug Anthony on the UK dumping us.
"Here we were, their best friend they'd ever had. We'd sent our forces to Gallipoli, we'd sent our forces to France. The second war we came along and gave all the support possible," Mr Anthony fumed decades later.
"And yet here, after supplying you with about 15 years of food at a concessional price, you go and dump us!"
Doug Anthony, Australia's longest-serving deputy prime minister, dies aged 90
Australia's longest-serving former deputy prime minister, Doug Anthony, dies in a nursing home at the age of 90, his family says.www.abc.net.au
Stan Grant is worth a read.
I have spent decades reading, writing and thinking about China. This is where I'd start
The world's bloodiest civil war is not the one you think of first but the answer can reveal a lot about the world, writes Stan Grant.www.abc.net.au
He's bought TEMCO (the Tasmanian Electro-Metallurgical Company) as well by the way.I think we are lucky the Indian dude saved our steel industry, I can see there may well be an opportunity for a resurgence
Australia the land of opportunity, it is a shame our bigger companies and super funds play the short game, rather than the long game.He's bought TEMCO (the Tasmanian Electro-Metallurgical Company) as well by the way.
TEMCO is the only producer of ferromanganese and silicomanganese in Australia and operates 4 furnaces at Bell Bay, Tasmania. It supplies the domestic market and exports the rest.
Those two materials are both used as alloys in steel production. So he was either going to buy it or be a major customer and he's chosen to buy it.
I'd say he's got a plan yes.
You may well be right as to the cause but one way or another it does seem that China has a problem with electricity supply at present.So no, there are no people freezing in China due to the ban on aussie call and no, the ban was not backfiring on China with blackout as a consequence ..
Probably tge effect of covid stop, growth catching up faster than projects etc, remember these hundreds of new coal power stations being built etc.got stopped in february, and now demand exploding..You may well be right as to the cause but one way or another it does seem that China has a problem with electricity supply at present.
If it's not due to a fuel shortage then it's either generation or transmission problems but there's plenty of reports of the lights going out.
It could of course be that China's economy is far stronger than those in the West were thinking. That is, no disruption to supply as such just not enough of it to cope if the economy's grown substantially in recent months?
Whatever the reason, they do seem to have a definite problem:Probably tge effect of covid stop, growth catching up faster than projects etc, remember these hundreds of new coal power stations being built etc.got stopped in february, and now demand exploding..
The Financial Times reports dozens of Chinese cities and at least four provinces have imposed rules on electricity use that include residents and businesses cutting how much power they use.
Whatever the reason, they do seem to have a definite problem:
China’s effort to punish Australia backfires
The towering skyscrapers in Changsha have stopped glowing.www.news.com.au
I don't know the details but either they're short on generating capacity or they're short on fuel to run it with (or both). Given that electricity is all pervasive economically, depending on how bad it gets it may well cause some disruption to manufacturing etc.
And our side of the fake news/propagands is not stopping.Anyone have a feeling of schadenfreude ?
The information out of China is such that I don't think anyone really knows what the cause is, only that there seems to be a problem with supply not meeting demand. Whether that's just a minor glitch due to some unfortunate technical problems or whether it's symptomatic of something far more serious I won't claim to know..if you do not believe me, please do your own research,the ban has no link to power shortage in China
fully agree, make no mistake, there is only one loser with this ban and it is us.The information out of China is such that I don't think anyone really knows what the cause is, only that there seems to be a problem with supply not meeting demand. Whether that's just a minor glitch due to some unfortunate technical problems or whether it's symptomatic of something far more serious I won't claim to know.
I wouldn't suggest Australians get too cocky about it though. It's not as though we don't have rather a lot of problems in that industry in Australia and a need to fix quite a bit of out of service plant before a heatwave arrives.
Unless Australia accepts that it will have to diversify its market, it will just end up being owned by China, it is inevitable with an open free enterprise economy.fully agree, make no mistake, there is only one loser with this ban and it is us.
No better way of stirring the pot, even if they are on the money, it will only worsen China, Australia relations.Unless a lot of media organisations are way off the beam, the consensus is that power rationing is due to the coal ban.
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