Category Archives: Economy

It is the United States that threatens Australia’s sovereignty

By Jim Hayes

In the lead up to Anthony Albanese’s trip to China to talk to his counterpart there, Premier Xi Jinping, the China threat to Australia claim raised its ugly head once again. It was lapped up by the usual media hacks. We’ve heard stories about a ship cruising the Indian or Pacific Ocean perhaps veering a little closer to Australia posing a tangible threat. What about the one that the Chinese might send spies into Australia? Then there is the repeating story about the Chinese acting aggressively, when they object to an Australian battleship cruising within sight of their coast in the South China Sea.

Image from AP/ABC: Anthony Albanese’s is meeting with Xi Jinping

Continue reading It is the United States that threatens Australia’s sovereignty

The BRICS Summit 2025 was incredibly important and will have a lasting impact on the global order

By Joe Montero

The BRICS summit came and went last week in Brazil’s Rio de Janeiro. Western media aligned with United States economic and political global leadership largely ignored the event. This is despite the participation of the 10 full members (Brazil Russia India China. South Africa, Egypt, Ethiopia, Iran, United Arab Emirates, and Indonesia) and 10 0ther Associate Members (Belarus, Bolivia, Cuba Kazakhstan, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan, and Vietnam). More than 100 other nations are showing a keen interest, with many of them seeking to join the alliance. Continue reading The BRICS Summit 2025 was incredibly important and will have a lasting impact on the global order

People should focus less on the Trump personality and more on the interests he represents

By Joe Montero

It’s tempting to indulge in bashing Donald Trump, Elon Musk, and other talking heads in the Trump stable. They certainly invite it. But this indulgence can divert from the deeper reality of what is going on. We see this in the mainstream Democrat response in the United States, all too often copied internationally. Continue reading People should focus less on the Trump personality and more on the interests he represents

Whyalla steelworks must not be allowed to close

Contributed 

The threatened closure of South Australia’s Whyalla steelworks must be prevented for two reasons. The ability to produce steel products is a key strategic industry because these products are essential ingredients for many of the products we use. A healthy steel industry is essential to the rebuilding of Australia’s manufacturing base, and this is essential for the nation’s future economic prosperity. Continue reading Whyalla steelworks must not be allowed to close

Morgan Stanley’s analysis unintentionally reveals rise of parasitic capitalism

By Joe Montero

Morgan Stanley, one of the biggest American multinational investment banks and financial services company, revealed that at the end of 2024, reported that United States corporate profits were on a high. Predictions so far this year are almost as rosy. How can such a well-resourced institution like this see a different reality to just about everyone else? This is an important question. Continue reading Morgan Stanley’s analysis unintentionally reveals rise of parasitic capitalism

It is up to us to stop Trump’s tariffs from hurting Australia

By Joe Montero

Donald Trump entered to the applause of his inner circle of supporters on 1 April, to announce his Liberation Day. This is where he announced a new wall of tariffs against impots from the rest of the world. Choosing April Fool’s Day will prove to be ironic. Trump and his backers have chosen to inflict serious wounds on their own nation and hurt most of the rest of the world as well. Continue reading It is up to us to stop Trump’s tariffs from hurting Australia

Dissatisfaction with the state of Australia will characterise the coming federal election

By Joe Montero

Despite the absence of an official election date, campaign activities are currently underway. The West Australia Ballot is over Labor lost 18 percent of the primary vote, but the Liberals failed to convert this to change their position as a non-event. The federal election will now be in May. The Albanese government has run out of time to do otherwise. Continue reading Dissatisfaction with the state of Australia will characterise the coming federal election

Washington’s imposition of tariffs on Australia must be fought against

Contributed

Anthony Albanese is right to stand up against the imposition of a 25 percent tariff on Australian exports to the United States. This is not the act of a friend. It will hit the Australian economy, although luckily, Australia is not highly reliant on exports to that country. But it will still hurt the steel and aluminium exports, will the increase in the price of these metals will add to the domestic costs of what is left of Australian manufacturing, This, in turn, will flow through the whole economy. Continue reading Washington’s imposition of tariffs on Australia must be fought against

The Reserve Bank has lowered the interest rate for now because Australian economy has problems

 By Joe Montero

The Reserve Bank finally cut the interest rate. Mortgage holders will be happy for a while at least. But the truth is that this is not the reason for the cut. The real reason is an Attempt to temporarily slow down the rise in prices. This is a political move coming when an undeclared election campaign is under way. Continue reading The Reserve Bank has lowered the interest rate for now because Australian economy has problems