Miscellaneous News
- Thread starter bd popeye
- Start date
Sorry to burst your bubble, but Israel is an insignificant country. Whats the population of Israel? 10 million? I can't think of one major Israeli tech company that isn't linked to hacking or security.
The Nobel prizes are a European creation catered mainly for Europeans. It's not an impartial metric.
Any critical, non-biased mind cares to seek the truth plus serious reading + digging will comprehend that the author also publisher, RON UNZ, is very close to the truth, that is why his website is being blocked and de-ranked in facebook and google.
Ron Unz is a very smart guy, just read and feel his presentation of ideas and arguments and reasoning... it's said that his IQ is over 200, and you know, he speaks Yiddish, his mother is a Ukrainian Jew, and Ron Unz at some point of time was a candidate for the governorship of California. He has a black paint on the cia front office so-called wiki "encyclopedia" ---
Keep on reading his AMERICAN PRAVDA series
In4ser
Junior Member
You can't exactly block commodities from being sold. Even if China blocks all imports from Australia, a third country will import iron at a discount from Australia and sell at a market rate to China and pocket the difference. That said, it's probably for the best, as Australia will become even more dependent on mining and resource extraction and not invest in human capital or innovation. It might not happen anytime soon but once demand drops, they will find themselves what "Dutch Disease" is and be in a bad place without the talent or resources to reform or fix its economic problems.
Some caveats that can be gleaned from this development is that unlike the last Australian mining boom from late 2000s to mid 2010s, the mining giants are not that keen on expanding their operations this time around due to volatility in Sino-Australian relations, and that the price hikes are expected to be transitory, which means prices could fall by half by year's end when stimulus measures start to ease off and China starts clamping down on emissions and new property developments.
So for the Aussies, the time to celebrate is now, because the party likely won't last for another 6 months.
A good point. However different from oil, Australia minerals will be forever needed by the world. Even for Coal, there are still many many countries who will keep using it in the future
Australia is very lucky that it has such an easy way to swim in money. On the other hand, as you said this also means that Australia is not investing in its human capital, innovation etc
broadsword
Brigadier
They hardly need to, and they will still be wealthy. In an increasingly populated world, demand for agricultural produce and dairies will continue to climb.
bajingan
Senior Member
rumour has it that China is creating a strategic reserve for iron ore in case there is war and supply is blocked
Its a sound strategy to prepare for the worst
Ofc. China should have a 1yr supply of all minerals and energy imports