It takes time to adjust financially while we are cutting loose China / China is cutting us off (more likely). In the process, Australia will be in financial deficits without China, until we can establish new partnerships as big as China ASAP. Australian National University is the latest industry cutting 500 jobs now. Anyone who aren’t affected financially or quite well off or fully owned their houses may not be affected greatly while the Gov is reducing doles & social payments as we go deeper into recession/probably depression.
As I said before SCOMO war with China will kill middle & low income classes for sure.... Wealthy class Australians are holding tight to their money & ready to scoop up cheap quality assets/businesses. That how the big gap between the poorest & the wealthy is forming rapidly now...
Watch what I says in 2022 going forward, you’ll understand what I mean... you will be either very rich or extremely poor. Not much in between.
