Drareg
Member
- Joined
- Feb 18, 2016
- Messages
- 4,772
We have suspected on here covid19 was used as cover to bail banks and big industry out, we seen the issues in the REPO market in September 2019 which was basically a bailout, when the lockdowns were announced the market crashed, controlled demolition of sorts and another wealth transfer in the trillions to big banks courtesy of the tax payer.
Now the biggest real estate group in China Evergrande has defaulted, real estate development in China uses Aussie steel and a large chunk of Aussie markets are reliant on China, Australia is regional in its control so it would be interesting to correlate lockdown areas in Aus to industries that may be heavily reliant on China.
This impending default was known about for while now by those at the top.
It would be interesting to see how bailouts develop in Aus after this, I know they did some state bailouts and university bailouts earlier in year with lockdowns.
As a side note lockdown bailout money for universities would explain why so many academics hysterically supported lockdowns IMO.
I’m not sure about the broader geopolitics here either, the pact between the UK, USA and Australia in relation to nuclear submarines this week was interesting, France are suspending ambassadors because of this, what’s going on here? It’s clearly aimed at China.
Anyone from Australia with additional info?
Now the biggest real estate group in China Evergrande has defaulted, real estate development in China uses Aussie steel and a large chunk of Aussie markets are reliant on China, Australia is regional in its control so it would be interesting to correlate lockdown areas in Aus to industries that may be heavily reliant on China.
This impending default was known about for while now by those at the top.
It would be interesting to see how bailouts develop in Aus after this, I know they did some state bailouts and university bailouts earlier in year with lockdowns.
As a side note lockdown bailout money for universities would explain why so many academics hysterically supported lockdowns IMO.
I’m not sure about the broader geopolitics here either, the pact between the UK, USA and Australia in relation to nuclear submarines this week was interesting, France are suspending ambassadors because of this, what’s going on here? It’s clearly aimed at China.
Anyone from Australia with additional info?