I am sure most on here know the difference between the Chinese people and the CCP , and are referring to the CCP on here which is not racist , as it would be like inferring that the Democratic party was racist for in the past believing in slavery 150 years ago .
If Australia does go into a depression , then the $A will fall to under $US 40 cents , and some export industries and miners will do very well , ie gold miners and soft ware makers not all gloom and doom compared with the current Dutch disease with close to $300B a year in exports coming from mining mainly coal and iron ore .
Ah the beuty of a floating currency unlike Greece has
There will also likely be an international court case against China of in excess of US $2 Trillion which should see payments made to Aus . The largest German News paper has already started about a E$300B claim.
