Australia: Drunken Debt-Deficits-Dependence-Delusion-Destruction!

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    Australia: Drunken Debt-Deficits-Dependence-Delusion-Destruction!
    https://hotcopper.com.au/data/attachments/3142/3142958-32b200ad83db3f127341f1cf4227bcde.jpg
    Australia-China: What's Changed? Nothing, Yet Everything!? 1971 Gough Whitlam 1st Visit To China. 1972 My Wife & I Invited To Visit China; We Did. 2021 No Prime Minister!?

    2021: 82%+ WA Exports = Iron Ore = China!
    General: 33% Of OZ Exports = China!
    Wool: 90%+ OZ Exports = China!
    Iron Ore:
    * 82%+ WA Exports = China!
    * Iron Ore = 43%+ of Australia's Total Exports!

    Add:
    * est. A$1.5 Trillion of Federal Gov't Debt = 46% GDP!
    * Massive Deficits (?? know next week)!

    In 50 years of Australia-China business dealings (yes, Australia is an Export business!), I have never seen a Seller (Australia) do more or go out of its way to offend its No # 1 Buyer (China) more so!

    It's unheard of in Australia. Globally. It's unprecedented.

    Former PM Gough Whitlam is turning in his gave!

    2021 & beyond for Australians the main concern should be "how to extricate Australia" from this self-inflicted man-made Aussie China-pickle?
    https://hotcopper.com.au/data/attachments/3142/3142960-5f5841b486e56f6dc2f388b1625b1837.jpg

    1972 My Wife & I Invited To Visit China; We Did. Australia-China: What's Changed? Nothing, Yet Everything!?

 
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