Calls for the Brisbane Line to be re-established have reached Canberra with Australians demanding action to defend ourselves from the Chinese invasion.
First Rio, then Oz and now even the proudest of entrepreneurial Australians Twiggy, have succumbed to the Northern onslaught.
What is the Government doing about it? cried diggers whose only super salvation is demanding that the FIRB allow these acquisitions to occur.
We ll beat them by stealth just like we did the Japanese said another. We ll let them invest, then collapse the market and get the country back for next to nothing. It worked in the 80s with property and we can do it again in resources , the wily old timer declared.
As a last resort, it was suggested we reinstate the Brisbane Line and let the Chinese dig up anything north.
So Wayne Swann is now feeling the Peter Garrett s , an Australian expression for dammed if you do and dammed if you don t. He either allows the Chinese to invest and control some of Australia s largest resources companies and deposits, boosting the local stock market and investors returns, or denies them and Australia gets the hurts by the Chinese turning their attention to other parts of the world, the markets collapse and our old diggers have a pittance to live on.
Oh to be a fly on the wall in cabinet.
TrikiRicky
Tags: ASX, ASX News, Chinalco, Fortescue, investing, OZ Minerals, Rio Tinto, share trading, stockmarket
