Time Gotti retired

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Old man Gotti has gone way beyond the pale today:

The anger China has with Australia is unique and does not apply to any of its other developed country trading partners….business people were told mid last year that a number of our universities would see a softness in Chinese enrolments during 2019. And, of course, that’s exactly what is happening…Student demand for apartment rentals — vital to the income of those owning inner city apartments — has not been affected but the student softness would not want to escalate….Suddenly, a number of ships carrying Australian coal to parts of China have found it difficult to get a berth.

…the mistakes we have made in foreign affairs means that on this front we need a new approach. We are incredibly dependent on China — in some ways we are a state of China…Our role should be to provide a bridge between the US and China and not to culturally antagonise our largest trading partner.

Don’t include me in that statement of “our”, Gotti. Nor should you include any other red-blooded Australian. None will be on board with selling Australian freedoms to tyranny to protect your mates in business.

Australia was fine before China and will be fine with less of it. That’s what economies do. They adjust.

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“Our” job is to protect Australian children’s liberal democratic future and if you’re going to get in the way of that then it’s time you disappeared quietly into that good night.

Meanwhile, Mr huang wants his money back, via the AFR::

…the man banned from living in Australia because of his alleged connections to the Chinese government, has demanded that $2.7 million in donations he gave to both major political parties be returned so he can donate them to charity.

…The Australian Financial Review can reveal that the Australian Security Intelligence Organisation (ASIO) ordered the cancellation of Mr Huang’s residency in Australia because he was “amenable to conducting acts of foreign interference”.

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Caveat emptor, Mr Huang.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.