No more Oz $ <-> US$ <-> China Yuan

[BravoV]

It is going to be Oz $ <-> China Yuan, US$ will be pulled aside.

So does this mean the tsunami of Chinese even cheaper stuffs coming to Oz's shore ?  Or else ?

Interesting progress.

Highlights :

- Australian PM Julia Gillard begins six-day visit to China Friday
- Gillard expected to secure major currency conversion deal with China
- Currently, Chinese and Australian companies must use U.S. dollar as intermediary for trade
- Deal would be step towards full convertibility of Chinese yuan on international markets

Source, CNN -> http://edition.cnn.com/2013/04/04/world/asia/australia-gillard-china-trip/index.html?hpt=hp_t2

[Ed.Kloonk]

Our dubious Prime Minister. Who knows what she might do next.

[TerraHertz]

Our dubious Prime Minister. Who knows what she might do next.

I do know that she will definitely support the carbon tax scheme until (her) bitter end.
It's what she was put in place to do.

About the currency thing, I just hope it means the Au$ will drift higher relative to the USD. Because, ebay.

[BravoV]

About the currency thing, I just hope it means the Au$ will drift higher relative to the USD. Because, ebay.

C'mon, you guys at down under have been enjoying the drift quite high since 2009 aren't you ? 

[EEVblog]

Our dubious Prime Minister. Who knows what she might do next.

Whatever it is, it won't be as bad as Abbott come September 
It'll be our own Bush era 

[Galenbo]

It is going to be Oz $ <-> China Yuan, US$ will be pulled aside.

Don't be surprised if they start some war to avoid this.

[mickpah]

Our dubious Prime Minister. Who knows what she might do next.

Whatever it is, it won't be as bad as Abbott come September 
It'll be our own Bush era 

These is a newly installed NBN fibre hub 200 metres from my front door, just my luck these utter luddites will take over before its connected to my house. Fibre to the node what a fab alternative policy when most of the copper is 20 years old and bandwidth drops by more than 50% on a rainy day. Back to the 1960's we go

grrrrrrrrrr

[EEVblog]

Fibre to the node what a fab alternative policy when most of the copper is 20 years old and bandwidth drops by more than 50% on a rainy day. Back to the 1960's we go

Yep, genius policy huh? 

One of the few times the government does a BIG bold thing with my tax dallars that is good for the country in the really long term (even if it was to get elected short term), and now it's going to go down the toilet 

[digsys]

Thanks !! Now you've got me depressed :-(  A two-faced bitch with one unionist hand and an extreme green hand up her arse
pulling the strings or a religious zeolot incapable of thought ! Just mouths "I want whatever THEY don't want" .... GREAT !

[GeoffS]

Not to worry, all the NBN fibre will be replaced with wireless, according to Alan Jones, well known Luddite shockjock it'll be much better. 

[SeanB]

And here I am with a fibre running underneath me, but it is only a backhaul for a cellular site. I did say to the techs to leave a patch cord hanging out of the door but..............

[MacAttak]

Good to know we don't have a monopoly on bat-shit-crazy politicians over here in the lower 48

[EEVblog]

Thanks !! Now you've got me depressed :-(  A two-faced bitch with one unionist hand and an extreme green hand up her arse
pulling the strings or a religious zeolot incapable of thought ! Just mouths "I want whatever THEY don't want" .... GREAT !

Yes, two horse races are never good. In theory there is a viable third party in the Greens, but people vote like sheep.
At least this year you'll be able to vote for Julian Assange in the senate (if you are in Vic).
http://www.wikileaksparty.org.au/
That'll at least shake up the system 

[EEVblog]

Not to worry, all the NBN fibre will be replaced with wireless, according to Alan Jones, well known Luddite shockjock it'll be much better. 

Yeah, because wireless has so much more bandwidth than fibre. Oh, wait... 

[Ed.Kloonk]

[Ed.Kloonk]

Seriously, you shouldn't be hatin' on Tony.

I'll need Tony to tell me how to live my sex life. If I had one.

[codeboy2k]

Well John Titor did say that Australia becomes fed up with the USA and starts to have stronger ties with China, and during "the war" China tries to invade Australia, but you Aussies push them back and hold your ground.  However, the result is that Australia becomes divided internally, he didn't say why that is.

Not that I believe in John Titor, but I'm just saying....

[lemmegraphdat]

Don't do it. The Chinese economy is just a phony as the US economy is. Both places are run by Reds.

[GK]

I thought the Republicans were the red ones? 

The deal with China looks OK to me, but it would be nice to see it properly leveraged by pressuring China into hardening its stance on North Korea.

And who in their right mind should feel the urge to pointlessly vote for a narcissistic, pathological attention seeking cretin like Julian Assange? Any residual credibility that creep had thoroughly evaporated when he accepted "asylum" from a despotic regime; rather than simply face a Swiss court on allegedly frivolous charges with the best pro bono legal team anyone could hope for. But then things might all be over and done with rather quickly, the media spotlight wouldn't be on him any longer and he could no longer pretend to be a martyr, pontificating from his Ecuadorian hovel. Couldn't possibly have that! And of course as a result of his pathological attention seeking he continues to earn the unconditional admiration of paranoids and idiots the world over convinced that the whole court case is one big American plot to ultimately have him extradited to the states. The Swiss government couldn't legally ship him off to America even if America demanded it.




 

[staxquad]

It is going to be Oz $ <-> China Yuan, US$ will be pulled aside.

So does this mean the tsunami of Chinese even cheaper stuffs coming to Oz's shore ?  Or else ?

Interesting progress.

Highlights :

- Australian PM Julia Gillard begins six-day visit to China Friday
- Gillard expected to secure major currency conversion deal with China
- Currently, Chinese and Australian companies must use U.S. dollar as intermediary for trade
- Deal would be step towards full convertibility of Chinese yuan on international markets

Source, CNN -> http://edition.cnn.com/2013/04/04/world/asia/australia-gillard-china-trip/index.html?hpt=hp_t2

Australia's population is China's rounding error.

It's an opportunity for increasing trade with China in Australia's favour since China will take all it can get while Australia will take until saturation, without giving a cut to a hegemonic parasitic power who only uses it's privilege for imperialism (or uses imperialism to protect the privilege of a hegemonic currency).

[staxquad]

The deal with China looks OK to me, but it would be nice to see it properly leveraged by pressuring China into hardening its stance on North Korea.

And who in their right mind should feel the urge to pointlessly vote for a narcissistic, pathological attention seeking cretin like Julian Assange? Any residual credibility that creep had thoroughly evaporated when he accepted "asylum" from a despotic regime; rather than simply face a Swiss court on allegedly frivolous charges with the best pro bono legal team anyone could hope for. But then things might all be over and done with rather quickly, the media spotlight wouldn't be on him any longer and he could no longer pretend to be a martyr, pontificating from his Ecuadorian hovel. Couldn't possibly have that! And of course as a result of his pathological attention seeking he continues to earn the unconditional admiration of paranoids and idiots the world over convinced that the whole court case in one big American plot to ultimately have him extradited to the states. The Swiss government couldn't legally ship him off to America even if America demanded it.

All American provocation against NK, then from the propaganda, more contracts with the Military Industrial Complex.

Swiss?  Sweden.

Ecuadorian hovel? 

If you're all for Imperialism and crimes against humanity, then you would be against Asssange publishing evidence exposing such atrocities.

Julian Assange is worthy of a Nobel Peace Prize, and the 2009 recipient of the Nobel Peace Prize is worthy of a trial in Den Hague. 

[GK]

Yeah, Swiss/Swedish; my bad; they're typically incorrectly used interchangeably.  Ecuadorian hovel - that little patch of land in London of course.

And YAWN.  I have many misgivings with American foreign policy, but that does not make me a brainless cheerleader for a self-absorbed creep like Julian Assange (and not a deluded apologist for the behavior of NK either) . The Nobel Peace prize is quite clearly a joke; so yeah, Assange is just as worthy of it as anyone else.

[EEVblog]

I have many misgivings with American foreign policy, but that does not make me a brainless cheerleader for a self-absorbed creep like Julian Assange.

You do have to admit that he would shake the political system up a bit though if he got elected.
Or perhaps you prefer the status quo of Australian politics?

The Noble Peace prize is quite clearly a joke

As was Obama's, only bigger.

[EEVblog]

And who in their right mind should feel the urge to pointlessly vote for a narcissistic, pathological attention seeking cretin like Julian Assange?

So who are you voting for in the senate next time around?

[GK]

I have many misgivings with American foreign policy, but that does not make me a brainless cheerleader for a self-absorbed creep like Julian Assange.

You do have to admit that he would shake the political system up a bit though if he got elected.

For the better? I hardly think so. The "status quo" is farcical enough already.