In modern Western society the needs of the aged parents are more important than the future of their children, but then children have always been profligate with their inheritance so does it matter.
According to the Weekend Australian, 10-11 July, p.34, Asia’s appetite for Australian companies appears to have become as insatiable as it’s demand for our resources and our investors are only too glad to accommodate them.
As I have said before China needs our resources to dominate the World and must ensure reliable supplies, what better way than buying up our companies with the eventual aim of taking over our country by mass immigration.
Why else would China be putting so much money into buying up our stocks and now they are starting to teach English at kindergarten level.
Australian investors do not hesitate to sell their shares in our companies to foreign interests. In the past it was to the U.S.A. and Europe now it is to China and Asia. The U.S. and Europe will never recover from the recession, their governments think more about giving money to the Third World and Global Warming than the welfare of their own people. most of whom anyway think that the world owes them a living.
“Leading economist Ian Harper of Access Economics, says that since the Global financial crisis, Australia’s major source of capital has come from Asia and especially China – because U.S. and European savings are tied up at home.”
“There is no alternative at this juncture, he says, except to grow more slowly or increase domestic savings dramatically.”
Australian companies are finding it more difficult and expensive to obtain capital from Banks which are being told by regulators to retain more capital and to price risk more expensively, increasing the price of bank finance.
“Foreign investment since 1788, Harper says. That’s where our growth and living standard comes from”. If our major companies are taken over by Chinese and other Asian companies their profits will leave our shores, China will be mining more than resources in Australia.
Harper says, “Asian investors have discovered that the returns from investment here are so strong, chiefly because our terms of trade are so strong. It doesn’t matter if the cost of entry is a bit expensive – because returns are so high.”
There you have it mass migration and the resultant expansion is no advantage to the average Australian in fact the reverse.
We now manufacture very little in Australia. Except for the comparatively few good jobs in mining and in the building trades the rest of us have scratch a living in the service industries and farming. Mass migration must cease before China owns us lock, stock and barrel.
If the Greens and Left wing Labor and Liberals really believe in man made Global Warming, they should stop any further increase in our population the major polluter of the Planet. It has been proved to be of no advantage to the average Australian. (Productivity Commission report April, 2006, XXXII-XXXIII.)
A list of 18 large Australian companies taken over in 2009 and 2010 is given in The Weekend Australian, 10-11 July, 2010, P.34.`
