Iron ore price spells trouble for Australia’s mining economy

Imagine if only we taxed these resources for 30 odd years we would have enough for high speed trains from north to south and west to east….metro to melb airport. So much can be done had we taxed these resources like Norway, Qatar….responsible governments would’ve done it.

China has crashed and brought Australia along with it . China has been too speculative in property and will enter deflation and economic crisis for at least decades

Good.

US dollar Hegemony is over. Anyone in a relationship with the US is also over.

Australian governments squander our resources Australia should produce our own steel use our own gas Australia first

New alliances unfortunately Aussie is in bed with chinas enemy collateral damage when they gotta go Aussie gotta go with them I dear say the gravy train is over

High quality ores and energy deposits are now mostly things of the past. Plenty remains, but it’s of lower quality, and both more costly and ecologically destructive to extract. In nature, there are countless examples where energy exists, but the effort to obtain it is so large that the meal is effectively off the menu. In our lifetimes, society will have to redirect increasing amounts of our energy surplus towards obtaining the surplus itself, leaving less affordable energy to support many of our current economic activities. One day – the energy it will cost to extract energy will be so large it won’t make sense to do so even though resources remain. Energy depletion will act as a growing tax on human societies.

Australia has created one of the biggest real estate bubbles in history of mankind! The consequences of this could be disastrous. Nonetheless, there’s a shift happening where pension funds are moving from stock market investments, like the ASX, into real estate. In the next few years, we might see superannuation funds buying up Australian houses on a massive scale. This is likely in preparation for what’s coming. Don’t believe that superannuation funds will immediately buy properties worth millions; what they want now is government approval to do so. When the housing market crashes and property prices plummet, like Wile E. Coyote without a parachute, all the foreclosed properties will be snapped up by superannuation funds and rented out as they disengage from a non-performing stock market

Australia can make its own steel and build houses with it ..

Im glad we have over inflated housing assets we can always stop building houses increasing immigration and drop rates back to 1% to keep the ponzi going.

Less tradies in the business lounge

China's also got iron ore supplies from South Africa and South America, China's also found significant coal reserves both of which will see them reducing reliance on us. Only food and wine is left and given the new 1,500 square kilometre China has built now getting global wine awards…..
Long term planning versus planning driven by press release. Or China issues press releases once it's done v We're gunna do press releases.

🙄🙄

Oh and we didnt invest in other sectors.

We will see.

All you need to become third world is bad government and Labor is poison