Australia-China Relationship Shot To Pieces! 21st Sept 2021: Australia-China Relationship Is Dead! Kaput!
Here's my views: All thanks to Aussie PM Scott Morrison who has single-handed "led" to the destruction of 33% of OZ Exports!
Yep! 33% of our exports go to one country-CHINA. Iron Ore = 43% of OZ Exports! Iron Ore = 82% of WA Exports.
It gets worse: Get set for Australia's 3 Key Exports-1. Iron Ore, 2. Coal, 3. Education-to take massive hits over coming months!
Prediction: within 5 years, Australia's exports of these 3 key sectors will plummet to near zero. Plus multitude of replaceable exports.
Economic-Fiscal Impact: disastrous! Debt-Deficits will balloon, unable to be repaid in anybody's lifetime. Mass unemployment & under-employment. Major deterioration in Australian's SOL. Negative contagion effects.
ASX: Share Prices of all sectors & stocks China-related will tank.
Your Super Fund(s): major destruction of income & wealth.
Enjoy share trading. Fortunes are going to be made...& lost!
