monday monday, page-107

takuan,
Coal, oil, gas, iron ore in the ground are real assets that can't be printed. China and India are experiencing relentless growth irrespective if they are communist or capitalist. Oil is running out. Australia's biggest export by a mile is coal, 2nd iron ore and this isn't appreciated. Australia has close to a monopoly on coking coal - we have all the best stuff and it's the only way to make steel. China and India are only using a fraction of energy per capita of the west so far, they have to urbanise so the fundamentals are huge...