In many ways the health of China is more important to Australia than the US.
Although the US dollar is the linch pin for the world, due to Australia's heavy reliance on China for everything in and out of the country a sick China IMHO could sink us overnight
Way back in the (I think) late 50s, Australia suffered from a bad credit squeeze due to one super fund in Japan restructuring their finances and withdrawing every penny from Australia
In comparison the US would have to close down totally for the same effect
The author of this clip is a bit of a enthusiast for the total annihilation scenario but the figures he quotes some of which I have read before, if they are as true, or as true as anything could be that emanates from China, it is very bad for Australia
