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 The return of manufacturing and patriotism is essential!

Beating the China Drum!

27.03.20. A commenter yesterday ignorantly accused MM of “running a few articles praising this china belt initiative.” A simple search of all MM articles using the “Search MM” above our head banner will not find a single article in favour of anything Chinese except for a feed of Peking Duck. Our image library includes a plethora of pictures about China, all of them uncomplimentary. MM always beats the drum of Australian patriotism as stated on our MM banner. In Maurice Newman’s article herein he speaks of China’s influence over the WHO, in particular, its chief Tedros Adhanom Ghebreyesus, a lickspittle in thrall of China, observe the dope here. His country, Ethiopia, is heavily in debt to China! The coronavirus has presented an expensive lesson by which Australian leaders should heed. This nation and many others are now witnessing their reliance on China for, well… almost all consumables. If others are too stupid to break this controlling dependence Australia should not be and any politician that fails to take up the move to ignore the disastrous Lima Agreement and immediately begin to restore manufacturing to assure sovereignty should be banished at the ballot box as a traitor to Australia. No, ifs or buts, bullshit or lies! Your vote is your power.

Source: Maurice Newman, News Corp

Let’s never have so many eggs in the China basket

Ahead of its January 21 annual meeting in Davos, the World Economic Forum released a report listing the top five risks by likelihood across the next decade.
They were: “failure of climate change mitigation and adaptation; major natural disasters like earthquakes, tsunamis, volcanic eruptions and geomagnetic storms; major biodiversity losses and ecosystem collapse; human-made environmental damage and disasters; and extreme weather events like floods and storms.” ­Climate obsession meant pandemics missed the cut. And Chinese President Xi Jinping missed the conference. He was busy keeping China’s unfolding coronavirus epidemic under wraps.
Beijing knows all about epidemics. There have been nine since 1967, four of which have originated in China.
Clearly, Xi knew of the threat well ahead of the WEF meeting because state media published a speech he delivered on February 3 referring to instructions he had given on January 7 detailing measures to fight the virus.
However, it took until late January, when the spread of infection could no longer be concealed, for the alarm to be officially raised.
How hollow now are the words of WEF founder Klaus Schwab, who used the forum to praise China for “playing a responsive and responsible role” in international affairs.
The same for World Health Organisation chief Tedros Adhanom, who applauded China’s work in containing the virus and for its transparency. Adhanom blatantly ignored the eight Wuhan doctors who, on January 3, were forced to confess to spreading false rumours when they were trying to alert the public to the danger.
But, to many masters of the universe gathered in Davos, China’s authoritarianism is to be admired.
Frequent attendee and former UN Framework Convention on Climate Change chief Christiana Figueres says China was “able to implement policies because its political system avoids some of the legislative hurdles seen in countries including the US”.
Better to give control over the lives of 1.4 billion people to one person than distribute it among cumbersome representative parliaments.
The Wuhan cover-up probably cost the world two months’ prophylactic time. Not only has this worsened people’s health prospects but it also has dealt a serious blow to the global economy’s ­immune system.
Adding to the crisis and, without notice, Saudi Arabia decided to abandon crude oil price support and flood the world with huge volumes of cheap oil. This has put $112bn of low-grade shale oil debt and renewable energy operators at serious risk of default.
The vulnerability of the global economy owes much to the corrosive influence of decades of collective economic policy thinking. Since the last financial crisis, rather than push for fiscal and monetary discipline, global institutions have kept the world economy on life support. Their fetish for easy money and debt has com­promised economic resilience.
Rather than worry about supply and demand shocks, central bankers now fancy themselves as “climate rescuers of last resort”. Pity about Italian banks, which have remained in deep trouble and now threaten contagion and the survival of the eurozone. No; as fiscal reform became an ever-receding horizon, the banks worked with politicians and vested interests to socialise risk. They encouraged spending rather than saving, and they permitted borrowings beyond prudent limits.
US corporate debt has never been higher or its quality lower. Buoyed by the notion that serious economic setbacks were a thing of the past, gullible Wall Street investors priced risk at zero.
Business leaders also have ignored the moral hazard implicit in a “wink-wink, too-big-to-fail” understanding. They concentrated on share price, corporate social responsibility and sustainable investment. They meekly accepted the additional risk of government regulations and resorted to virtue signalling as a quid pro quo for a “social licence to operate”.
The result? A loss of appetite for new products and innovation, a boom in mergers and acquisitions and stock buybacks.
Seizing on this weakness, the Chinese monopolised much of the global supply chain. Incredibly, about 80 per cent of the ingredients used in the world’s pharmaceuticals are sourced from China.
This must change. As it does, growing economic and social stresses will visit Beijing. They will add to those that China is already facing from consistently unprofitable companies.
There are at least 20,000 “zombie” companies in China that are dependent on government subsidies and loans from state-owned banks to survive. In turn, there are multiple smaller suppliers who rely on them. Withdrawal of zombie support would create mass unemployment. This is a an enormous problem with unpredictable consequences.
The world is in recession. Official action will cushion the initial shock, but these are early days. Unemployment rates will escalate alarmingly, and banks and other credit providers face serious loan defaults as asset prices fall.
Wise leaders will not waste this crisis. While the health pandemic will end, the economic conse­quences will live on and confidence will take time to return. There will be no V-shaped recovery this time.
A clear lesson is how global groupthink has concentrated risk and left most nations with little or no ammunition to deal with the economic fallout.
A consequence for Australia’s policymakers is that even a revised $1 trillion debt ceiling may not be enough. And rather than satisfy globalist agendas, many countries will pursue self-interest. Australia should be among them. As a priority, it must encourage onshoring and diversification of markets and supply chains.
Such an economy requires a lean structure with the emphasis on global competitiveness. Tax, wage, environment, energy, education and social policies will all need a serious overhaul, with the emphasis on getting government out of the way.
This will be difficult for many of today’s leaders who have never experienced a serious recession. Scott Morrison was only 23 when Australia’s last recession finished.
Thanks to their education, many have embraced postmodern socialism as the solution. They are ill-prepared for philosophical change. But, if the present crisis does not convince our leaders of the dangers of big government and ­authoritarianism, nothing will.

{ 14 comments… add one }
  • Pensioner Pete 27/03/2020, 7:46 am

    We have very few politicians in the federal sphere who have fair dinkum interest in the notion of having Australia being a manufacturing, industrial and agricultural powerhouse.

    There are also, very few politicians who desire Australia to be owned by Australians.

    These very few politicians work under the banner of Pauline Hanson’s One Nation, Fishers Shooters and Farmers and the Katter Party.

    All of the remainder are traitors as they have no interest in the proposal to lift Australia up, their collective and individual interest is their wallets as has been proven over and over and over again.

    We also have a traitorous main stream media to contend with, bleating out every day, every night, propaganda for what is, when it is boiled down, Communism, with the ABC/SBS being masters of the craft.

    Not only does Australia need to take this opportunity to get our manufacturing, industry and agricultural sectors rebuilt and enhanced, Australia needs the unraveling of the concentration of main stream media ownership, of television, radio and newspapers.

    For any change to better our lives in Australia, all of us need to value our vote and place the ALP/Greens/LNP in last position on each and every ballot paper, whilst placing One Nation, Fishers Shooters and Farmers, and the Katter Party first positions in ascending order of preference on that same ballot paper.

    Until this happens, the situation can only get worse in our country.

    • Popular Front 27/03/2020, 7:52 am

      Hear hear. Both the Newman article and your comments are what I have been advocating for years. We DON’T need cheap Chinese-made crap.

    • Aktosplatz 27/03/2020, 12:09 pm

      Agreed P/Pete, we also need to get off expensive renewable energy and coal back to coal so we can manufacture at competitive prices, until we do that we cannot manufacture here, not a coincidence IMO.

      The answer is to use coal while developing nuclear which takes time.

      I find it very interesting China is exempt under Paris Agreement until 2030.

      We have been stitched up.

      • s 27/03/2020, 12:24 pm

        Absolutely correct. I have always said that China’s exemption from the Paris Agreement is a joke. (Which seems to have been completely ignored by almost everybody, including our politicians.)

  • Maryanne 27/03/2020, 7:58 am

    Hindsight is a wonderful thing, but some people objected to the mania for a globalized economy from the start and they were demonized. Remember all the insults hurled at Pauline Hanson – xenophobe, raaacist, oxleymoron. Well who has proved right? Paul Keating who said his nation-destroying policies promoting globalization were inevitable? Who boasted about liberating people from the factory floor while throwing them on the economic scrapheap? Or Pauline who has never wavered from championing a robust national economy?

    It’s not a matter of being a trading nation or being insular. Australia has always traded, but as and when it suited us. The globalists free trade was nothing of the sort. It was absurd. What IS the point of Australia importing packets of pasta and tins of tomatoes from Italy while simultaneously exporting packets of pasta and tins of tomatoes to Italy?

    • Finn 28/03/2020, 7:26 pm

      Hindsight, Mary, makes visionaries of us all.

  • Penguinite 27/03/2020, 8:39 am

    Sadly our PM was reported this morning to be calling for a prompt, post China Virus, resumption of World Trade. “As part of a push to keep supply chains open and business and industry feeding the global economy, Mr Morrison also pushed for a guarantee for the global trading system.”

    https://www.theaustralian.com.au/nation/politics/coronavirus-scott-morrison-urges-g20-leaders-to-look-after-third-world/news-story/14d5131c87bbf3f2c58c30fa9c3e55df

    • Pensioner Pete 27/03/2020, 10:26 am

      Mr Morrison continues to sell Australians out and needs to be pushed out the door, pronto.

  • Penguinite 27/03/2020, 8:45 am

    In the meantime a restaurant in Chinese ground zero is celebrating the deaths in The USA and Islamic Imams, in Iran, are telling their flock that the virus won’t harm true Muslims.

    https://www.breitbart.com/national-security/2020/03/26/chinese-restaurant-hangs-banner-celebrating-coronavirus-epidemic-u-s/

    • PW 27/03/2020, 3:39 pm

      I believe that also PP and therefore they should return to the Mosques in droves, as long as they stay in the ghettos of Greenacre, Lakemba, Bankstown and others.
      Of course they won’t get it!!

  • Honeybadger 27/03/2020, 8:50 am

    Self interest must prevail as it always should have. Charity begins at home but Western countries have been too busy virtue signalling, terrified of the racist tag.
    However I fear it’s too late here as the horse has bolted and we are a nation of tribes. No glue now given the incompatible cultures. Over 1 million Chinese.
    Look at this https://www.theage.com.au/national/second-developer-flies-82-tonnes-of-medical-supplies-to-china-20200326-p54e8n.html

  • ibbit 27/03/2020, 10:41 am

    The introduction to this article is illuminating and the words “your vote is your power” sums up much of the problem in Australia. People are too trusting or too lethargic, the “she’ll be right, mate” attitude winning out over being well informed, exercising care and commonsense about what we do with our vote, which begets the traitorous dregs we have in Canberra – elected politicians and their hirelings, non-elected bureaucrats.
    Australia has been imperiled by the very people elected to lead us and keep us safe. This is only too evident in this virus calamity – we have a lack of just about everything well-furnished hospitals need and the mere fact that most of our medicine and their ingredients come from China should alert even the most sonorous of us to the danger of “all eggs in one basket” policy.
    If we thought seriously about the sell-out of our food farms and other industries to the Chinese, the building of islands closer and closer to Australia, the soft influence, via money and assets, to our near neighbours we should be asking just what China are up to.
    Alarm bells should be ringing among the populace as they are certainly not ringing in Canberra.
    We have too many deadheads and traitors in government throughout Australia to go on being complacent. For example, in light of what Maurice Newman has written above, I wonder just how many of those dumped on the current form of scrapheap are going to be elevated back into their jobs come the end of this dark period? I wonder if the media will so enthusiastically promote on behalf of the “dumped” as they have for the “dumping” of them using the new virus as the excuse while ignoring the fact many more die of the flu each year than will likely die from COVID-19.

  • pattoh 27/03/2020, 1:34 pm

    “If others are too stupid to break this controlling dependence Australia should not be and any politician that fails to take up the move to ignore the disastrous Lima Agreement and immediately begin to restore manufacturing to assure sovereignty ..”

    & if the stupid bastards do not wake up & crash develop either GTL [ coal>gas>liquid] or MDS [ middle distillate synthesis] ;
    all the export industries in the Resource Sector & Rural Sector will die, we will all be slaves in perpetuity to our foreign debt & ALL our sovereign assets will belong to the elites from Wall St. & Thread Needle Street.

    WTFU Australia & get up your representatives!

  • luk1955 28/03/2020, 7:15 am

    Well that was me. Early on there were to me the occasional articles that hinted at some praise for the chinese initiative. At least that was how it appeared to me. Which left me scratching my head compared to the rest of the articles appearing here. I should have clarified my point then.

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