Folly is one thing.
This bothers on being criminal as our schools, hospitals, jobs, basic services are now in jeopardy.
Sacrificing precious un-replenishable Australian owned iron ore assets (for selfish corporate interest of DUBIOUS soundness) while Australia suffers from a once-in-a-century fiscal crisis, budget blackhole, systemic economic decline, decade long housing bubble looking more dangerous by the day by handing over hundered of millons of tons of iron ore (EACH AND EVERY TONNE COULD HAVE BE COMMANDING $140) to the Chinse (who instead of having a deficit have $4,000 Billion in the kitty and growing by $billions every day).
Yep, it's good for BHP and Rio shareholders. Australia - stuff you !
It's almost a cause of legal fraud. Emptying Aussie government (state & federal) wallets, then deposit it in all the People's Bank of China in the hope that it may SOMEHOW selfishly benefit the shareholders of 2 companies.
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