Paul Keating is right!!!

Australia has much to be proud of and personally I think it's the most liveable country in the world, but I believe until we resolve indigenous issues we can't quite step up to the podium yet

compared to the US we're saints lol

 

Malcolm Turnbull needs to get a clue... and move on

He knew it was coming since November and still in denial... way to go ito leadership. This is the equivalent of someone being dumped 2 months before the wedding, then still showing up and waiting at the altar for the other party to change their mind.

At least Bill Shorten doesn't have abandonment issues

http://www.abc.net.au/news/2017-01-24/donald-trump-tpp-federal-government/8207250?google_editors_picks=true

I think it was a lucky escape, imagine what NAFTA countries like Mexico and Canada are going to go through... so we wait for the US to change their mind... engage in free trade only for them to change their mind again.... stupidity

 

That has to be the quote of the day, love it

 

Our dictators are in the Eccles building.

 

lol don't get me started on Malcolm again... I honestly don't think he's equiped to deal with Donald Trump. Trump is changing the world way too fast for Turnbull.

 

I must say great analysis of the situation at this point, I question several nuances of the points you have made but generally spot on the mark.

One point I question is the protectionist alignment of the world economies but that is simply splitting hairs. More to the point of Australia being protected, as competition to Australian resources have been gaining ground from poorer nations at a cheaper price while Australia continues to subsidies the high cost of production and living. Unfortunately at this point another world economy breakdown may have far greater ramifications for Australia as it most likely feel the pain that was put off by the ken Sian style economic recover ALL ALP supporters proudly declare and pat themselves on the back for while ignoring the truth of the situation. In other words, I don’t believe Australia can rely on resources to save their greedy butts twice.

The Italian issue has been brewing for some considerable time and arguably they have already had their meltdown and are being propped up by the EU as Greece and Spain. Since the EU has been giving assistance to all three nations the loss of the UK is a considerable blow to the EU. Along with that Ukraine fight has drawn many resources and will continue for decades as the cold war with Russia begins to strain the country and the economies.

As you can see from the previous point China is not the only worry on these points but Russia as well. There is much turmoil in the world today and no clearer comment has been made than yours to date…

 

Yes Russia is on the verge of a complete shift into a dictatorial government that has great designs of restoring old borders.

France is now the important country in the EU, if they fall to the far right, which is becoming increasingly possible, then the EU is scuttled completely, if it already isn't. Merkel has created a giant problem for her country, and I am not talking just about the widespread open border policy, but it was the straw that broke the camel's back, so to speak. It has created a domino style effect. It has put more economic burden on an already faltering Euro, but more importantly has created an emotional black hole. People need and want to feel safe, when they don't they turn to whoever will assure them of such. History gives a compelling argument. I don't believe the fall of the ignorant EU is Merkels fault entirely, but she has played the starring role in this tragedy.

Australia are riding a knifes edge right now. A balancing act that I do not believe either side of parliament are talented enough to walk. So a fall I believe is inevitable, how far is the question. The last time the world economy hit a roadblock we had a nice little nest egg put away, which has now been eroded. This was underpinned by a robust resources industry. With all that we only just made it through, so you would have to imagine the fall is going to hurt this time around. Good time to owe very little.

Garry, perhaps we have to hit hard this time, sad as that is to say, because many families are going to hit the wall. BUT the fools we have leading us did not learn a thing from the last warning. Smart people learn from their mistakes, fools repeat them.

 

I would love to be in depth with this today but soon I need to change activity. Work calls and unfortunately I have to respond. Needless to say, I Agree to the general, simply nuances the differences.

Oh, oh, that is with the EU situation. Not sure about Russian I am thinking they are in with China with their regime and are shaping new governance as it communism fails and democracy is drowning progress to placate the current short sighted elites. Well that is a rather vague way of saying the situation needs far more in-depth discussion.

But I am sorry to say NOBODY can dispute the comment on Australia’s political abilities. It does appear that the fools are winning in Australia at this time.