2020 Collapse

petey said:
This is classic. :rolleyes: Australia in USA's pocket but we know that they don't actually have our back, so we have to pander to China as well. But when it's crunch time, they don't have our back either. It's about damn time our country thinks about what is best for itself.
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Not going to happen. The only solution would be to petition to the USA to join as the 51st State. It's what happens in practice, we just need to formalise it.
 
Number 47 said:
I agree that there are alternatives to Australian produce although Australia has a reputation for extremely high quality food, our high standards are like no other we have lots of producers who grow organic (meat, grain, dairy, fruit and vegetables) and entire states that are GM free, Sothern Blue Fin tuna from Australia fetches some of the highest prices in the world along with other seafood from Australia, Japan can't get enough ... there is little alternative to those factors.

There will be speedhumps in the road but
The Australian food quality image cant be beaten and will always maintain a good demand.
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This is marketing hearsay, GM free is not a concern for most people in USA and Asia. Even in Australia very few value it, just like we go on and on about organic, barely few percent of anything grown can be labeled organic in Australia or overseas. It is about as truthful as Allens lollies being labeled 100% Natural and Healthy.

In Australian media people make out Australian baby formula is the most sort after by Chinese but most never heard of them and buy because it is foreign, the best sellers and most expensive are american, european, Japanese, korean than the last few percentage are NZ followed by Australia.... What Aussie media dont tell you is that China's premium market is dominated by EU, USA, Japanese and Korea baby powder... And Japan and Korea doesnt even have a big dairy herd
 
petey said:
This is classic. :rolleyes: Australia in USA's pocket but we know that they don't actually have our back, so we have to pander to China as well. But when it's crunch time, they don't have our back either. It's about damn time our country thinks about what is best for itself.
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‘Yes very true, we are lucky at the moment but skating on thin ground..... Argentina and Brazil is quickly catching up.. China has committed to buying Soybeans from them to replace American Agriculture during the trade war with ten year supply and infrastructure upgrade. But since China has agreed to buy more American produce than even before the trade war began their pressure would be to buy more American seafood, wheat and beef from Americans meaning we will be squeezed.
 
We're headed for 1,700 $! This bull market feels at least as powerful as the ones in 2010, 2011.

But silver is nearly paralized. Dead cat bounce?

Or silver is signaling a bearish downtrend to come for gold soon?
 
TreasureHunter said:
We're headed for 1,700 $! This bull market feels at least as powerful as the ones in 2010, 2011.

But silver is nearly paralized. Dead cat bounce?

Or silver is signaling a bearish downtrend to come for gold soon?
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Unlike Gold that can be a hedge against the dollar.

Silver is tied to copper/lead/tin production and is priced to industrial need, it is all about timing.

For example doubt Chinese solar companies are making that many solar panels (even if they could), since the number 1 market (china) is not installing any.... Sure the factory can stockpile but eventually there is no room in the warehouse, so no panels made, so no silver needed.
 
TreasureHunter said:
We're headed for 1,700 $! This bull market feels at least as powerful as the ones in 2010, 2011.

But silver is nearly paralized. Dead cat bounce?

Or silver is signaling a bearish downtrend to come for gold soon?
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Anything still better than depreciating cash. Even platinum is better. Ray Dalios said that "Cash is trash" on the 21st January when gold was $1556. Given that he said this before Corona, I think the situation for cash has deteriorated since that speech. Cash is now probably worst than trash.
 
mmm....shiney! said:
Tsk tsk @madaw1, you're being pessimistic. If we weren't producing at a lower opportunity cost than other countries then we wouldn't have a comparative advantage in the first place. ;)
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That's nothing to be pessimistic about- one has to realistic -we have a dry land competitive advantage over many other countries as you've said,but this is not fully exploited to our advantage...
 
sgbuyer said:
Anything still better than depreciating cash. Even platinum is better. Ray Dalios said that "Cash is trash" on the 21st January when gold was $1556. Given that he said this before Corona, I think the situation for cash has deteriorated since that speech. Cash is now probably worst than trash.
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Watch how anti-cash propaganda now comes with the Corona virus scare.

In China they're washing and/or heating up cash in order to disinfect it from Corona. I'm afraid it won't help. Plus: now other countries should consider washing their banknotes. And coins?

Still, no-one will wash vending machines, wallets, ATM's, cash registers... or any other place that actually HOLDS cash. So this effort is almost worthless.
 
I still don't understand one thing - many Chinese cities are now quarantined and/or people are discouraged from going outside.

How do they buy food?

How do they work/get money in order to be able to buy food?

This is all unclear to me. Any information on this will be highly appreciated.
 
TreasureHunter said:
I still don't understand one thing - many Chinese cities are now quarantined and/or people are discouraged from going outside.

How do they buy food?

How do they work/get money in order to be able to buy food?

This is all unclear to me. Any information on this will be highly appreciated.
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they can have 1 person from each house to go and buy foods
they have savings
 
TreasureHunter said:
Watch how anti-cash propaganda now comes with the Corona virus scare.

In China they're washing and/or heating up cash in order to disinfect it from Corona. I'm afraid it won't help. Plus: now other countries should consider washing their banknotes. And coins?

Still, no-one will wash vending machines, wallets, ATM's, cash registers... or any other place that actually HOLDS cash. So this effort is almost worthless.
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they pay with wechat/alipay a phone app etc, scan and paid, they are in majority
 
TreasureHunter said:
I still don't understand one thing - many Chinese cities are now quarantined and/or people are discouraged from going outside.

How do they buy food?

How do they work/get money in order to be able to buy food?

This is all unclear to me. Any information on this will be highly appreciated.
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I was watching this the other day. Basically a vlog of a man and his family in the city of Wuhan. He is speaking mandarin with eng sub.

Take note that this video on him going to the supermarket was taken on the 26th Jan and he was already wearing goggles.


This video on the 14th Feb, no eng sub.

 
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TreasureHunter said:
How do they work/get money in order to be able to buy food?
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They had a 2 week Chinese new year holiday break which is suppose to end on the 2nd Feb so this has been extended by another 2-3 weeks. I don't have first hand info but I guess that government workers and employees of large companies (usually state owned) would still be paid even if they can't go to work due to lock down or quarantine.

Most Chinese own their apartments in their hometown. Mortgage might be a problem but not an issue if the government make banks defer the payment. So with some savings, they could probably go on without work until maybe June when the summer heat arrives and the virus becomes subdued and less deadly. If there is a lock down, inflation might be a problem so expect to pay more for food and everything.
 
Corona virus is spreading... Italy, South Korea, Iran have dozens of cases (Italy had 79 until yesterday). Japan is also reporting spread.

And I'm afraid this is uncontrollable. It went GLOBAL.

https://www.zerohedge.com/geopolitical/coronavirus-deaths-outside-china-spike-who-team-visits-wuhan

Locally, I can find masks for 2x the price they had 2 weeks ago. But, even that is a "lucky" scenario. Sometimes they cost more or, they're out of stock!

HYSTERIA is spreading, gold is going up. Watch gold go up upon Corona hysteria. Perhaps it's a real problem (most likely), yet people are still hysterical.
 
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