Comments by "Tony Wilson" (@tonywilson4713) on "Gravitas: Chinese citizens boycott mortgages in 86 cities" video.

As another Australian I second that motion. Because what's going to happen when the Chinese bubble bursts. I've worked in our mining sector and you have had to been there to see just how much we ship to China in terms of raw materials. We wont simply lose jobs. Companies like BHP, Rio Tinto and Fortescue will take massive hits and that's going to hit millions of Australians in their superfunds. By law our main superfunds have to invest in the ASX200 and the ASX200 has tied itself to the Chinese economy. We are going to be smashed when China falls. We didn't learn when we tried to ride on the sheep's back and we probably wont learn from over dependency on diggers & dump trucks.
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@pure_2xXS I just watched last nights version of Media Watch and you've described Australia's media fairly well.
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@saintsone7877 Its been law since the very start. Its why its so important for companies to get into the ASX 200 and stay there. My fathers stock broker explained it to me circa 1998 when we were investing in Oxiana Minerals. Haven't you ever heard the term "institutional investors"? In Australia those are the corporate super funds and the regulations (laws) require them to have a certain percentage of their "funds under management" to be in the ASX200. Where they put it is their choice.
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@smashmash2714 Sky news???? FK-OFF When has anything Rupert Murdoch ever done got anything to do with truth or reality?
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