Great line of discussion relating to commodities and Aussie business in general. It applies directly to DRE of course. While we have our "leaders" schooled as WEF "qualified", and enacting international policy, we are screwed. While we live under a debt based monetary system (central banking) we are in a continual type of economic entropy. The interest is never created and the populace and business are taxed into oblivion to pay for the new money created as it is added to our national debt burden. The interest burden on sovereign debt world wide is crushing the middle and lower classes while even the more affluent class is bogged down under the burden of private debt. This is not just Australia. Central banking spread throughout the world like a cancer on economic progress.
So our businesses have to compete and the only way will be for the AUD to fall into the 30's. Don't laugh too fast as it has already been down to the 40's around the year 2000 and down to 55c'ish during the GFC. If the government throws the odd bone to our struggling enterprises occasionally it is a good thing. Our economic and financial structure is the problem; the root cause and it has been put there either by incompetence or design.
This is a problem throughout the West where peoples mistakenly thought we have human rights under Gods law, via Christian values enshrined in the Constitution and so on. Some still blissfully think that is true. We were asleep at the wheel with "sheel be right mate" while governments (both sides of the two party system where they represent their party not us) sold us out over the decades. They made changes to the Constitution (which is dissoluble) that were not compliant with sections of the same Constitution. A referendum is required to make any significant change and yet they have done so dozens of times without this vital step (our permission) while we slept.
We live in a form of Mercantilism, not Capitalism, but it is called capitalism. Academics may argue finer points, but the fact is, the basis of Mercantilism is; central banking, big government, crony bias (lobbying) and a large military looking after the interests of the corporations. The BRICS+++ now appear to be breaking away from that system and looking for power sharing rather than the old model of centralized power.
Proof of concept: The world wide Covid response is being exposed as a corrupt enterprise along with the Green New Deal nonsense. Pfizer papers released (damning in the extreme), CDC (look who funds them) and our TGA have been exposed (simple fast cheap test to ensure no DNA contamination in shots were dropped for the first time ever in a vaccine release). Blame shifting, excess deaths through the roof (huge amount strangely in younger working age groups), along with loads of increased disease (doctors baffled - wtf - gee what changed in 2021?), some of which are brand new since 2021 (white clots being found in 20% of the dead in funeral parlors. Shocking aftermath from an enforced medication that now sees our companies on the hook not the producers (given indemnity), government or media that scared the crap out of, pushed mandates etc., and threatened workers with dismissal.
The WEF, UN, WHO and mega pharma corporations, and a well known Foundation behind the funding. What could go wring with trillions$$ in the offering? This proved there is a general global plan with tentacles throughout the world and coordinated by events such as Event 201. It held in 2019 on how to manage the media, gain compliance of the populace and so on. Jane Halton was our representative, "global health leader" and is married to Brett Suttons brother (now suffers from many memory lapses). The Green New Deal is linked to the IPCC which was formed decades ago within the UN when global cooling was the scare. It is all related.
The freedom loving, affluent peoples of the West have been the losers all along. Drip by drip; so can we call it incompetence, or are the fringe thinkers right that we are and have been under a type of belligerent occupation? So much on ZeroHedge about a corrupt global network behind all this, and then we see photos of Hunt (for instance) with WEF leaders training manual "The Great Reset" (now a sequel "The Great Narrative") in their office. Who are these f'ers really serving? None of the governments have done anything but dig us deeper. Take the Australia Act 1986. The UN has representatives from many countries but the structure and leaders are not elected by any population. Ditto the CFR which replaced the League of Nations. A history lesson is needed to understand the present and the path that took us here.
We had the most to steal from, with living standards in the 1950's second to none. A ripe complacent target for corruption that spread across the globe. Proof of concept was the lock downs with zero scientific proof behind such a move but simultaneously enforced, at times with brutality by our police service force. Central bank policies are also global along with support of the USD (predictable) after Bretton Woods. It is all changing folks. For the better or worse I am not certain.
How does it relate to DRE? DRE explore for minerals that the world will need. They are at the mercy of currency fluctuations in a time of economic and geopolitical upheaval. There are two emerging financial systems, and thank goodness for the BRICS+++ IMO. They represent the growth of this planet and the hope that the UN will be reformed before it is too late. If the BRICS+++ are successful then gold will be enhanced and economic growth will emerge in these nations with far less control from the CB system or the European / USA / international power brokers. There is hope this now kinetic battle will resolve in the positive. I have to believe that as an optimistic observer. If they are successful then the population explosion will slow dramatically in Asia and Africa due to increased living standards that will consume immense amounts of minerals.
Cheers CW
DRE Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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