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Originally posted by wilko
We are constantly fed the same old line that because of the resource sector over here the GFC hasn't and won't really have an effect.
Joyce's Armageddon warning
December 11, 2009
TONY Abbott's new finance spokesman, Barnaby Joyce, believes the American Government may default on its debt, triggering an ''economic Armageddon'' that will make the recent global financial crisis pale into insignificance.
"If America collapses there will be no more sale of Chinese products to America and therefore very little purchase of Australian resources by China."
Full Text
Originally posted by wilko
Am pretty sure that if they wanted to China could not only buy the cow but the whole farm if they wanted to over here.