Kikapu wrote:If countries who owe money to China tries to screw China, China will screw them back big time by calling the debt they hold on those countries, especially the USA and no doubt Australia also. China is not a country without trump cards.
We don't owe a lot of money to Chy-na.
Australia, owes very little money in general (15% of GDP) and most of that is probably to Australian Banks.
But if there are debts, the Australian people are happy to get rid of them - especially the Chy-nese debts.
There was a Canadian Bank that claimed about 20% of Australian Bonds are owned by Chy-nese interests.
What if the Australians tell the Chy-nese Australia isn't paying? What is the worst that can happen right now? Will Australian bonds collapse like they did in Greece? I don't know. Just playing devil's advocate. Australian Government can say that the Chy-na Virus has cost the Australian Government 330 billion and deduct that amount from Chy-na debt and say "sorry Chy-na, but due to the damages you have caused we are wiping out that amount you have in debt to cover our losses"
I think this is where USA and Australia are headed anyway if we keep Trump and Scott Morriisson in Government. They got Chy-na in their scopes.
We basically don't like them anyway, so why do we have to play nice with them? What are they going to do us? We are introducing laws and restrictions to curb the amounts they can invest in Australia, how much land they can buy and on what tax terms, and what holdings they are allowed to have in Australian Businesses and which industries are not allowed for Chy-nese investment. If that isn't an indication that they are not welcome, then I don't know what is.
In addition to that, but VISAS are getting stripped from Chy-nese citizens left right and center. Even from Chy-nese students who are enrolled in Australian Universities and have paid big money and usually come from wealthy aristocrat families. Some of them members of high ranking officials of the CCP. They all were given 30 days to get out of our country. We know that our universities will lose money. But it is their fault for accepting Chy-nese students by their thousands because they pay full fees rather than look after the education needs of Australian Citizens first. If they go bankrupt, then it is a lesson to any other university or Australian business that sells out to Chy-na. This is going to be the biggest catharsis ever.
A lot of that has to do with security as well, as these people bought all our Pharmaceutical stockpiles. Also all our baby formula. And we also know there are active spies here.
I know it's pretty harsh. But we know here in Australia that the CCP is a very dangerous evil empire and we do not want them here.