'You will pay': Beijing ups threat to Australia

Discussion in 'Economics' started by themickey, Nov 5, 2020.

  1. maUL3dNQ

    maUL3dNQ

    There is a lot of new development with a partnership between Canada, UK, Australia, and New Zealand called Canzuk. Free trade, free movement of people, a mutual defense organization and combined military capabilities—would create a new global superpower and ally of the U.S., the great anchor of the Anglosphere. Especially since the UK has withdrawn from the EU.

    The world needs to unite against these type of acts.
     
    #11     Nov 6, 2020
    beginner66 likes this.
  2. bone

    bone

    1. The Australian people themselves have been getting wise to the nefarious ways of the Chinese Communist Party, and China's intrusion into Australian domestic politics and government has been an ongoing source of friction. And this has nothing to do with Trump or the US. In case you haven't noticed, just about all of China's regional neighbors have been alienated by China and they are now quite wary of China. If anything, China's neighbors are coalescing around a common goal of resisting China.

    2. If Joe Biden "goes easy" on China - he loses both houses in November 2022 and any chance of re-election. The only possibility for Joe Biden is to replace the import tariffs with economic sanctions for human rights abuses.

    I know that you have posted often about your disdain for Trump, and that's fine. But Joe Biden will not materially change the relationship between China and the US. The most sanguine and sober international relations experts agree that China was going to get confronted by the US - if not by Trump, it would have been Hillary Clinton.
     
    #12     Nov 6, 2020
    yc47ib, beginner66 and maUL3dNQ like this.
  3. JSOP

    JSOP

    Another crucial proof that Australia should diversify its economy instead of solely dependent on its resources. When you are only making money on stuff from the ground and stuff from the sea, you are at the total mercy of others because anybody can grow whatever is coming out of your ground and living in your sea. And in this day and age where $$ = sovereignty, you are also losing your sovereignty which is what is happening to Australia. It's not able to control its own agenda and it's not having any say in what it wants to believe in and have its own say.

    This is very sad. What is happening in Australia should be a warning to all other western nations. What is happening in Australia could one day happen to any of the western nations and in some degrees already is. The West is slowly losing its own sovereignty. It's really time the West needs to wean itself off China.
     
    #13     Nov 7, 2020
    beginner66 and VicBee like this.
  4. JSOP

    JSOP

    Not a strong enough alliance when China is able to pick and choose amidst them when bestowing favours in the form of "free trade agreements" aka $$.

    He should consider lowering USD/RMB exchange rate instead. That would be a far more effective tool in balancing the trade and leveling the economic playing field and far less political. China is now the 2nd largest economy in the world. It absolutely does not justify the fact that the USD is still 600% more expensive than the RMB. It should be more like 1 USD = 1.12 or 2 at least.

    Cannot wait for the arrival of 2024 to kick the idiot out. Time to start the impeachment investigation for election fraud. They did it to Trump for the entire first 2 years of his administration it's time for payback.
     
    #14     Nov 7, 2020
  5. themickey

    themickey

    Yup agree, gotta admit lazy Australia on the whole all we want to do is dig holes in the ground and export the dirt to China.
    All of the value adding is done in China where we then buy back what they create with a degree of orininality which Australia lacks.
    It's annoyed me for a long time how disingeneous Australia is, dig holes, that's about it.
    Australia has everything in the world, good climate, good soil, good water and ocean, plenty of land, good people, farmland, fishing, tourism, good economy, but we fritter the opportunity by being China's lacky because we are lazy bastards.
     
    #15     Nov 7, 2020
    VicBee likes this.
  6. JSOP

    JSOP

    OMG!! I feel so sorry for those lobsters. China should be condemned for animal abuse!!
     
    #16     Nov 7, 2020
  7. themickey

    themickey

    Nah, everything is ok, they'll still get eaten, nothing is wasted.
    Chinese never let a good opportunity escape.
     
    #17     Nov 7, 2020
  8. VicBee

    VicBee

    It's a fact I have a great disdain for Trump and his appropriation of the Republican party for his white nationalist agenda and I'm glad to see him booted out of office. Where Trump's agenda affects Australia is that the anglo world (US, Canada, NZ, UK and Australia) has secret (and not so secret) agreements to assist in critical national security concerns. Trump (Bannon and co.) has simply made China its national security concern for no other reasons that it fits his white nationalist agenda.
    In effect, the argument goes that Russia is no longer communist (even if just as repressive and anti democratic) and Russia is a white nation so why continue to hold animosity towards them when our true enemy are communist China's yellow people. They are both easy to identify, their system is repressive and anti democratic, and they develop at such rapid pace that in just a few short years they could out compete the US in the economic realm, global political influence and possibly military sphere.
    I agree that China has become a threat, but only from a political and military standpoint, from its threat of invading Taiwan and the expansion of its so called sphere of influence in the South China sea. These are true concerns that can quickly escalate into military but isolated conflict which would then impact other aspects of China's global outreach.
    As it becomes more powerful, China is asserting itself in ways it's never done before. And its lack of diplomatic sophistication quickly leads to unnecessary threats, as in with Australia, when it could do well using the services of public relations spin doctors (Hill & Knowlton types) to get its point across, like we do in the West.
    When I say that Biden will smooth things out, I mean that he will continue to put pressure on China to behave like the great power that it is, but he will refrain from involving our anglo partners like Trump did, giving them more leeway to resolve issues independently, like Australia and its export led economy or Canada's arrest of Huawei CEO's daughter. I think that Huawei or Tik Tok will no longer be national threats but more pressure will be put on the Uyghurs and on Hong Kong's situation.
    As for Australia, I completely agree with "themickey" assessment. 22 million people sitting on a gold pile with little incentives to develop a true economy. Australia is and behaves like an island, where a few families control much of the economy and many have a living standard well above the US.
     
    #18     Nov 7, 2020
  9. Turveyd

    Turveyd

    Worse recession in decades, they don't tell you that when there boasting had great a job they've done, yeah but at what cost to the 99.9% that survive.


    More and more talk of this is screw us all over and go socialist all the time, looking like I'm right.
     
    #19     Nov 7, 2020
  10. Cuddles

    Cuddles

    OZ should be glad Biden won. We all saw how Trump handled HK & the Uyghurs
     
    #20     Nov 7, 2020