Oh boy what a mess.

’Becoming independent of the greenback’ is certainly a novel description of the 1979 Islamic Revolution and what ensued.

Has Beijing offered you party membership yet?

oicur try putting a [ quote] before the text you are quoting and a [/ quote] after it (without the spacing inside the brackets) - makes it a lot easier for us to read

You seem to have lost track of the last decade with emerging economies and trade.

You have gone completely off topic with your petrodollar rant. Let's talk about peak oil, renewable energy and the fact America has become a net exporter of oil thanks to shale. The Petrodollar is under attack, forget weaponising Saudi Arabia who has now sat down with the Russians to scale bag production and stop the next negative oil price, which looks like occurring again when the next WTI contracts fall due.

Anyway, let's look at the definition of globalisation.

So you do realise there are other economies, not just the USA who engage in global trade. The greatest influencer has now become China, exporting deflation for the past decade. There are no guns in globalisation, just economies like China who are modernising their military thanks to global trade and now making territorial claims way beyond their own borders and deemed unlawful by an international tribunal.

Have you taken into account the Vietnamese sailors that have drowned from Chinese coast guard vessels patrolling this disputed area under the jurisdiction of the CMC. But that's not a bodycount in your language right? Drowning when your vessel is rammed is death by natural causes.

Enjoying the read, strongly agree with you.

Good points from Muttley too. China is everybody's largest trading partner at the moment. You can see their impact in the Pacific and Africa particularly. This is unsustainable. IMHO, they have gone as far as they can go, as long as they remain a militarist, expansionist, communist state. Covid is causing much of the world to withdraw supply chains from China and the CCP face growing isolation as a result of the economic crisis that has resulted. China's relative importance will slip as more open, more ethically aligned and increasingly prosperous democracies such as India and Indonesia rise. The CCP hegemon gorilla is likely to face economic and military containment from alliances that have already been formed, led by the other big hegemon 800-pound gorilla.

The importance of the petrodollar should not be underestimated, it’s decreasing robustness is driving the gradual de dollarization of global trade which will in turn have a profound impact on the US economy and those of close US trading partners.

Peak oil will occur, that much is for sure however it will be at a point way past the use by date of the petrodollar and past the point of peak demand also.

While it is true that America has become a net exporter of oil, this does not have much relevance to the importance of the petrodollar system and it certainly has not freed the US from being completely reliant on imports.

The shale boom has seen US oil imports decrease less than 20% overall with fluctuations up and down over the past six years.

There is a vast difference in the usability and refinability of oil imported into the US and exported from the US.

More importantly, even with the bounce back in crude prices as a result of production cuts in KSR and Russia, the price will remain low enough to see most fracking in the US disappear.

Make no mistake, the US is completely import dependent.

I am not suggesting that guns are employed by all participants in global trade at all times. However, history has shown that violence is a reasonably constant factor in the growth of empires, America included. Maybe do some reading about American corporate interests in South America, take a look at Guatemala or Chile for example and tell me wether you think there are no guns in globalization. Ask someone from Colombia or El Salvador or Honduras. Or oil producing countries in the Middle East. Do you still think the invasion of Iraq was about WMD?

Do you think the territorial claims China has over the Spratleys, largely uninhabited islands on their doorstop, come even close to the territorial expansion made by America? Or England? Past and present.

Get it 012, “US bad. China, well, have you seen what the US did...”

Perfect summary of this thread.

Odd rants from you. At best that was a satirical comment in relation to someone who just kept asking for a "who dunnit" evidence of boganism.

Your last comment is deplorable. You seem to have a position as an apologist for racist heckling in this country. It's not a fair go, it's not even funny and thankfully, you even get kicked out the footy for such carry on these days.

As I said prior, Australia's future is based around trade and security alliances with countries that aren't always going to be white.


You see I was hoping this oddly satirical. Or just a One Nation rant. Otherwise I'm happy John Winston took away your guns.

I still can't buy all the simple anti-USA sentiment.

I'd invite some folks to go back to 1943. Start with the Ploesti raids. Then Potsdam. The rebuilding of Europe and Asia after WW2, oil demand and security in the face of the rise of communism. Then Arab nationalism. It's a complex mess. But run alternative histories. The US made plenty of errors and injustices. They were not the only guilty party. Their allies too and their enemies.

The problem is some are stuck in 1943. It's just an acknowledgement about the games all superpowers play. (Btw I love pointing out how much of the victory of the allies in WW2 was achieved not mostly via Americans but via the far bigger sacrifices of the Soviet Union and China.)

I love how racist conspiracy theorists always pull the "false flag" card when one of their own is caught being stupid.

Of the top 15 export markets of Australia (I would classify aviation education as an export of Australia's education to the world) majority Asian nations comprise 88% of our export markets. So I would say our present economy is based around non-white trade markets, and the future for Australia's economy can only be more Asian. All demographic and economic trends point to this. Unless you're under the illusion Hanson is about to sweep in to power and reset the clock back to the 50's nothing can be done about it.

Oh, I don't know, call me naive but when it comes to being lied to from a politician I'd rather it be in a democracy where there's a fair to middling chance that the turds lieing will be discovered and them being held to account rather than in a totalitarian state where if they don't like you calling them out on their lieing you, a) get sent to a gulag for re-education, b) you disappear, are murdered and your organs harvested just in case old mate Xi needs them, c) end up in just a plain ole jail for months/years without charge or trial while they mess with your head.

I kinda like living in a society where the internet and media are not censored (apart from d!ckhead Zuckerburg's brand of censorship).

It helps to separate the good Chinese folk from the CCP. I had a 27 year old student that knew nothing about Tiananmen Square until he arrived in Australia. He also happened to be one of the funniest and personable blokes I've met, wanted the same things out of life for himself and his family. Will be a lifelong friend.

Perhaps if the rest the rest of the world didn't demand the US be the World Police (f@ck yeah) and stopped whinging when they did & didn't intervene we'd be all sweet? Yeah/Nah, evil has a nasty habit of gaining the upper hand when neutrals stand around and watch.

The US is behaving exactly like most empires before them, its nothing new. From the early pioneers at the start to conspicuous consumption at the end and all the trappings in between including an over extended military with a debilitating defense budget to an ever growing gap between rich and poor to the de basing of its currency.

The US is little different to the Roman empire and it doesn't make them “bad”, just predictable.

The economic imperatives in 1943 bear no resemblance to the factors the US is dealing with today, mostly as a result of the closing of the gold window in 1971. America moved from from an industrial economy to a financialised economy, a sweet ride for many but only made possible by the widespread but short lived deployment of worthless fiat currency and global hegemony.

I agree, which is why I dont live in China.

I also agree, although it would be nice if the “turds” were “discovered” and “held to account” BEFORE lying their way into wars that destroy nations and kill hundreds and thousands of innocent people instead of AFTER, as is most usually the case.

I could probably get drunk with you but you read like a bit of a bogan and Gnads would look down his nose at you and sniff with disdain.

That was Gnads on about the false flag. Careful throwing around words like "stupid" as they have a way of biting you on your own arse, as you've just demonstrated. I love how the phony-informed on here catch themselves out in their attempts to appear as intelligentsia.


Hey, Juud… any word on the status of our "fair-go reputation" after all the hoo-hah in Mildura?

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I also agree, although it would be nice if the “turds” were “discovered” and “held to account” BEFORE lying their way into wars that destroy nations and kill hundreds and thousands of innocent people instead of AFTER, as is most usually the case.

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Good point that.

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I could probably get drunk with you but you read like a bit of a bogan and Gnads would look down his nose at you and sniff with disdain.

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Haha (laugh icon). I dunno what Gnads is on about most of the time. Total bogan by the way (thumbs up icon)