Pikapika. Great find. Wow Twiggy is now going for the jugular....

Pikapika. Great find.

Wow Twiggy is now going for the jugular. He knows he has the full support of the WA and federal governments (both of whom are being bled dry by this dumb scheme).

IMO Rio has boxed itself into the corner with the defiant rhetoric but it will relent and quietly withhold any further expansion.

Many are now saying Australia's AAA rating could be put on negative watch within months where the damage done to the banking system, housing market and business confidence will be done by the prospect of the downgrade rather than the downgrade itself when it eventually comes.

Rio could one day be accused for bringing down both governments and triggering a nationwide housing crash that could put our banks at risk.