antiterror13
Brigadier
Perhaps both won't drop, but stagnant for long time ... but in reality would drop as the A$ would go deep dive, perhaps could go as low as 0.40 US$
Chinese Economics Thread
- Thread starter Norfolk
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Perhaps both won't drop, but stagnant for long time ... but in reality would drop as the A$ would go deep dive, perhaps could go as low as 0.40 US$
They didn’t have a recession for two decades because China didn’t have one.
The property market is a bubble, state government is propping it up cuz they earn so much from stamp duties
Yes, before China came along, Australia's economy was for many years in the doldrums. Being an agricultural country, they were in quite a hopeless situation then because the countries that ostensibly could provide a big market for their produce such as North America, UK and the European countries also produce the same range of agricultural products. Australia has forgotten about those times.
"And, you know, for me, the evidence comes if you look at what happened in the last year with the coronavirus, I mean, they covered it up. And then if you look at the United States, we came up with a vaccine."
I don't know what can I say to this. This is an alternative reality. In the real reality, the US lost 100x more people to Covid-19 despite having a quarter of the population of China. The US came up with only a single vaccine (Yes, J&J was developed in Belgium and Biontech was developed in Germany) while China came up with 7 vaccines. All I see is a country with dysfunctional leadership and a population largely detached from reality.
It's all good, we want them believing in their own propaganda - overestimating themselves while underestimating China and Russia, this is a sure way they don't properly address their collapsing nation.
Hopefully, they are to be put on a leash. The entry of WallSt into China isn't a sign of good things.
China must find ways to constrict and eventually restrict their growth and reach. This isn't good.
Yet the US is hard at working to convince the pleb that the US is again the No.1 and will always be No. 1.
Apparently, the US is now No.1 in dealing with COVID19, according to the innovative and sophisticated COVID Residence Ranking designed by Bloomberg, and China is at No.8
According to this insightful Bloomberg report, China will never surpass the US economically in nominal term. They're apparently less confident about that and put out a ridiculous title to be more convincing. The arguments? Nothing particularly new.
The US establishment and elites are increasingly unsure and insecure. They start to create alternative universe to convince the pleb and themselves. Their behaviors start to show Jail Hind symptoms.
Since Australia wants to bite the hand that feeds them, China should just cut off ties with them.
It's absolutely disgusting how these imperialist anglo nations take China's money and funnel them to information terrorists like ASPI, NED, BBC. US, UK, Australia, Canada, these 4 are all the same snake with different clothing
It's absolutely disgusting how these imperialist anglo nations take China's money and funnel them to information terrorists like ASPI, NED, BBC. US, UK, Australia, Canada, these 4 are all the same snake with different clothing
I agree 200%, Wall St in China is as much a risk as there are certain benefits.
Also their people are infiltrating Chinese firms. Didi is an example, many of Didi's directors and C-level folks were helicoptered in from Wall St investment banks, typically well-connected Chinese kids from Lvy league who have sold their souls to satan. But if Didi's recent episode indicates anything is that Beijing regulators are still on top of things and will cut their balls off if required.