Paul Keating is right!!!

"POTENTIALLY" being the operative word here.

SW you may well be right, you also may well be wrong, that is the nature of speculation.

Keep in mind that China are also completely dependent on those very same 120 countries you speak of. If those 120 countries suddenly decide not to support Chinas manufacturing, then China completely crumbles. This is the main reason that China themselves have taken on a more nationalistic approach to its economy, because they realise that they also have no safe guards in place at this stage to protect themselves from an economic disaster. It will take them time to nurture their own domestic economy to avoid hyper inflation. This may take near on twenty years to achieve safely considering the sheer number of people involved. This is the main reason behind the relaxation of the one child policy, they are trying to become self sufficient economically, so if the rest of the world says "up yours", they can simply turn to domestic economy. Everyone knows this, it is no secret.

There are two outcomes to Trumps economics. The first which you favour, is the complete shift in world economics and power base. This could well happen. Then there is the second, the USA reclaiming their economic base and competing with China. Competition is good, and again this may well happen. You never know, maybe both outcomes can co-exist, theoretically it is possible, however improbable it seems from the outside.

It would be so much easier and a lot less disconcerting if we owned a crystal ball.

It's funny, at all these world economic meetings I never see Joe Average there giving his opinion, only the rich and powerful, and they don't get to the positions they are in by being fair to Joe Average, so why do we always take what they say as being for the common good. From my experience dealing with these corporate Gods on a daily basis, there version of the common stops at the executive front door.

This is kind of like the Hunger Games. The establishment has been rocked, and now are fighting bitterly to uphold the generational work they have done in order to protect their ivory castles and the wealth that has come from it.

 

Christians worship every Friday in Arabia.. and they are NOT mistreated by the Saudis.. What are you talking about? They don't execute homosexuals and they certainly don't hate women. Women are studying engineering, architecture and medicine in droves.

 

China's risk on international trade is spread out to 120 plus countries, ours (and 120 other countries) is limited to 1 (as major trading partner), do you see it?.... the power? The power of monopolising trade... at least 50% of the American population can't see this, they think their military is all they need.

China wants open trade... see the quote from Xi Jingpin in my previous post

I think there are many potential outcomes, not just two, but as far as global leadership goes, this is the moment the US lost it. The question is when will be the moment when they lose the label "leader of the free world"... how many human rights abuses does the extreme right in America have to commit, before they officially lose that also.

 

What would you know? Have you been there or something? Have you researched it? What would you know against wikipedia and jihadwatch.com or a whole group of bloggers?

 

"China wants open trade... see the quote from Xi Jingpin in my previous post". What a crock of crap.

Of course he would say this. He is rapidly seeing his beloved TPP, and World Bank of China, disappearing into the Trumpset. He is in damage control. Wouldn't it be great if we had politicians that told the truth like the Great China does. " No world we are not building military base for strategic reasons in the South China Sea", well there you go it must be true because the great leader of China said so..... Please!

And this whole 120 countries to spread their risk rubbish, is nothing more than creative argument. It wouldn't be misplaced on the Today Show with Karl and Lisa. Yes they export to at least 120 countries, but what you failed to add was the fact that outside of Hong Kong( who is in actual fact China) over 75% of their trade in terms of dollar value is done with less than a dozen countries and of those countries the top three are the USA, Japan, and South Korea. Now you would have to have Red goggles on to not see the pressure both Japan and South Korea face considering that they rely fully on the USA for political security in their volatile region.

Add the fact that India is about to open its economy to certain world partners, without being a member of the TPP, and no wonder good old Xi is shaking plenty of hands.

"when will be the moment when they lose the label "leader of the free world"... Well you certainly wouldn't be able to bestow the same title on China would you?

 

Why do you keep quoting tv shows...Survivor... Hunger Games and now the Karl and Lisa whatever show. Do you seriously think this gives your posts credibility?

The guy who watches tv all day says Xi Jingping is lying... oh he must be right because he watches the Hunger Games

 

OK I get it now.

By this post it seems our spirited debate has come to it's conclusion.

 

For god sake. When are people like you going to stop being stupid, and quoting erroneous information from your anus.

Here is the links that just pop your do-gooder bubble. Please read them and educate yourself.

http://www.theweek.co.uk/60339/nine-things-women-cant-do-in-saudi-arabia

http://www.mintpressnews.com/un-hum...rts-right-torture-execute-lgbt-people/215528/

 

Just lie out your R's like you hey?

- - - Updated - - -

Please ask me to prove it, pretty please

 

the first link ... nine things they CAN'T do and shows only seven things that are not illegal to do, but discouraged by hardliners and are not against the law.

The article should be entitled 7 things frowned apon

Drive a car
There is no official law that bans women from driving,
Wear clothes or make-up that "show off their beauty"
The dress code for women is governed by a strict interpretation of Islamic law and is enforced to varying degrees across the country. The majority of women wear an abaya – a long cloak – and a head scarf. The face does not necessarily need to be covered, "much to the chagrin of some hardliners",

Easy to see WHO is being stupid, and quoting erroneous information from their anus. The last quote, taken from his link confirms what you say

 

I think he went missing in action! My money is on him researching jihadiwatch looking for an answer.

 

Whilst there are no specific laws regarding some of the things women are, and are not, allowed to do what do you think the words and phrases "strict interpretation of Islamic law", "enforced", “criminal charges”, “not allowed” and "can only" mean regarding women?

It is a fact that women receive far greater punishments than men but I bet they all really feel safe because there is no specific law? Really?

Transformation, which is long overdue, is under way there and that is a wonderful thing but don't trivialise or try to rationalise how women suffer and how they are treated in these countries by being pedantic.

 

How many times do you want to be proven as a fool? This is your quote: "there is no official law that bans women from driving" REALLY?

http://saudiwomendriving.blogspot.com.au/

http://www.independent.co.uk/news/w...rown-prince-mohammed-bin-salman-a7004611.html

 

Quote from link:

"[The woman] is not used to working. She needs more time to accustom herself to the idea of work," he told The Economist.

Notice how women are degraded by the manner in which this sentence is phrased.
Further on it says that women cant open a bank account and have to be accompanied
by a man if they leave the house.....wtf....

 

So big win for China, on his very first day Trump withdraws from the TPP,

TPP deal: Donald Trump signs executive order withdrawing US from Trans-Pacific Partnership
http://www.abc.net.au/news/2017-01-24/trump-withdraws-from-tpp/8206356

Likely the deal will still go ahead, but with China instead of the US

 

In Asia Pacific China is now officially "Boss" the Australian Government needs to get onboard

China eyes opportunity as US pulls out of Trans-Pacific Partnership
http://www.smh.com.au/world/china-eyes-opportunity-as-us-pulls-out-of-transpacific-partnership-20170123-gtxbi1.html

The RCEP will be great for Australia with better access to economies like not only China but India, Japan, South Korea, Singapore and others

 

This is the first time I really looked at the RCEP China is pushing

https://en.wikipedia.org/wiki/Regional_Comprehensive_Economic_Partnership

Absolutely HUGE market, 3.4billion people with GDP $21.4 trillion, 30% of the worlds GDP... I say bring it

you know the more I read about it and think about it.... we just hit the jackpot too

 

Sorry for my multiple posts lol

here's an article about TPP ... 40% of world's GDP.... we're missing out on 10% of the entire worlds GDP awww bummer

this should still apply to the new deal

TRANS-PACIFIC PARTNERSHIP - THE DETAIL
http://www.theaustralian.com.au/news/latest-news/what-the-tpp-was-supposed-to-be/news-story/ae7a49a3eb7e07a28f1b6d2d13cd93c3

 

I wouldn't get too excited.

Europe is about to implode both socially and economically. It will have far reaching effects in the way of destabilisation of world markets. Britain's exit from the EU means France and Germany have to wear the brunt of the economic lifting. The EU is doomed.

Trump has kept his promise and dumped the TPP, which means that the biggest economy involved is now not involved. The TPP is doomed. China are still somewhat non committal to a new deal. They say they are interested for good reason, but I imagine that they are holding out for whatever deal they are about to make with the USA. If that deal is good, as most economists believe it will be, China will hold off on a new deal. They are hedging bets right now, and in any means a new deal will take time and right now the global economy does not have that.

What we are seeing now is a re alignment of the global economy from fast paced globalisation to a more nationalistic proctectionism. This re alignment will effect global economies, some worse than others. How long this will take is anyone's guess. The fact that Europe is a basket case and getting worse indicates that a global recession is a distinct possibility. Good time to settle debt and own everything, even if only a precaution.

Australia may be a little protected here as we have vast resources and both China and the USA will be competing for them, so this may cushion the blow somewhat. The worrying sign for us is the burgeoning household debt we carry. A lot of people outside of the resources industry will feel the brunt.

Key here is Europe. Even though we do not really rely on Europe financially, it may be the tipping point into global recession. Italy are on the brink of a Greek style meltdown, and now that the EU have imposed proper tax effects on companies utilising Ireland for tax avoidance, Ireland may be destabilised economically. Add this to the turning tide politically, and the tripling of welfare dependent immigrants in short time, and Merkel has a major problem. If Britain are able to coax back industry from Poland using a Trump style import tax on said companies, then Poland will fall as well. It is intriguing to watch, albeit a little frightening.

The next two years will tell.

 

sc,
you know I really don't understand this world anymore it is all about me me me me me me me.
Most of our problems are global, refugees, climate change, pollution in general, hunger catastrophes and so on....
Yet we have a guy becoming President of the United states, saying us (US) first.
With the free trade agreements, I am for it, as long as the legislation to it won't settle on the lower side of jurisdiction and values/ethics in general.
Meaning that you (in Australia) can get sued by an (in that case) American company, for .... reason.
That is not on, and in this context I am not for a free trade agreement.
As we all know, in America everything is Americans first, means we (as foreigners) are always loosing out.
So maybe you are right, and it is for the better that the US chickens out....
Anyway, without being cynical, have you heard this one?
DT stands for: Don't Touch !!!!!
Cheerio

 

If you want to hear women degraded - wander into one of the multiple abortion threads on this board. Far to many, mostly White right leaning males, use that forum to blast women for being "sluts" and getting pregnant in the first place

 

Bottom line

The far right have made victimisation a catch cry. That is why every disaffected pissed off slob has flocked to the banner

And I also wonder about Murdoch's influence. For the past 20 years he has been spewing a right wing agenda through his TV network - spreading the insidious tale that most news agencies cannot be trusted

Now that is biting him in the bum as the far right even reject his networks for more fringe lunaticism

 

I would like for Malcolm Turnbull to wake up and move on from TPP, because the messages in the press from MT are still pro ratifying TPP without the US. There's little benefit in doing that.

I would like an independent contracted company to do an evaluation of China's RCEP AND make those findings public. All you read about is the benefits on export, but I would like to see imports impact, the government will lose money from the tariffs they collect, prices of imported goods will drop/revenue to business increase if prices remain, boosting economy and jobs..... but by how much? I would like to see some estimates.

Also, I am still pro - neutrality, taking a leaf out of the Swiss book. We need to understand how small our country is and build strong relationships with all, and be very careful of siding with one superpower against another.... and this actually means distancing ourselves more from the US and especially controversial policies

 

The other thing we need to consider is that Australia typically sided with the US because America used to be the poster child for morality. This view has declined since the Iraq invasion and now with the election of Donald Trump, I believe America have lost it's standing on morality. Becoming part of the problem and not the solution, ironically we are now looking at countries like Germany for leadership on morality.

 

I think we should be looking to be leaders ourselves in Political Morality. By that I do not mean hide all the wrong doings I mean the opposite. We have some pretty tough anti-corruption legislation here and we are bloody intolerant of political rorting and kickbacks

We should be proud of that. Especially in light of how Donald seemingly is flouting US ethics such as publishing his tax returns