by Ken E Murray
Wake up Australia! We are being invaded!
The battle for Australians to keep ownership of Australia has begun.
Sadly, most Australians are oblivious to what is happening and are more concerned about the recent erratic form of the Australian cricket team than the silent invasion now taking place.
China has taken a leaf out of Greek military annals and has delivered a ‘Trojan Horse’ to Australia. It has opened the hatch and has begun its takeover …not by means of the bullet …not even by a phone call …but by simply waving its Yuan (wand).
“Australians have long accepted that many of our big, familiar companies are owned, or at least controlled, by firms based in London or in New York. Now we need to get used to the idea that a growing number will be run from Beijing. China’s new great leap is happening right now. Here, in Australia.” (China Digs In, The Australian 19/2/2009)
For many years now, the Church of God has been warning about a future alliance of China and Japan, that will eventually move in on Australia, while the other modern Israelite-Anglo-Saxon nations of Britain, Canada and the USA are overtaken by the upcoming European “Beast” Power bloc of nations.
Speaking about the future rise of the Russian-Chinese-Japanese “Gog and Magog” end-time colossus prophesied in Ezekiel 38 and Ezekiel 39, the February 1963, Plain Truth magazine of the Church, stated: “There is an utter inevitability of the ultimate tie-up between Japan and Red China! The big question is how long China will remain “Red” and survive without a tie up with Japanese capitalism” (Plain Truth, February 1963, p.29)
At the time that article was written Japan and China, were at loggerheads with each other …as they have been for countless centuries,
Not so today! Last year in 2008 China and Japan signed a Consular Agreement to combine more closely on matters of trade, social, and political interchange. They have even agreed to drop their age old differences and mutually drill and share in the vast natural gas reserves, in the East China Sea.
“Japan and China agreed to jointly develop a disputed natural gas field and cooperate in exploration in the East China Sea, ending a four-year argument between Asia’s biggest energy consumers over who owns the reserves.” (Bloomberg 18 June 2008)
Now the Chinese are taking advantage of the Global Financial Crisis to snap up ownership of the best of Australia’s mining companies and mines.
Last year with the help of Japanese business people, China, via its sovereign company Sinosteel bought the Australian mid-sized iron ore company in Western Australia, Midwest Corp.
Now Chinese Government owned, Minmetals, has made an offer to buy out the second biggest zinc miner in the world …none other than Australia’s Oz Minerals. The Australian Government and Foreign Investment Review Board (FIRB) are in a sweaty hands quandry, and have announced a 90 day stalling of time to make their decision to allow or not allow the Chinese to own our richest zinc, silver, and copper mines.
Today, Huan Valin Corp is in further negotiations to gain a larger stake, if not to takeover one of Australia’s largest iron ore companies Fortescue Metals Group, which also has its own railway line and port facilities in Western Australia.
Very recently Chinese sovereign-owned company Chinalco moved on one of the biggest miners in the world, Rio Tinto, which is in dire need of fresh $capital injection. It is likely to own an 18% slice of Rio Tinto and have 2 Chinese representatives on the Rio Tinto Board of management.
Can you imagine the Board of Rio Tinto meeting to discuss their commodities pricing policy for China …with 2 Chinese politburo Government Board members listening in and influencing their pricing policy?
Here’s a few other recent purchases in Australia, the Chinese have achieved:
China Petrochemical Corporation which is China’s biggest energy distributor secured 60% and control of the Puffin oil field in the Timor Sea from the struggling AED Oil in 2008. The deal values the assets at $1 billion.
Shanghai Baosteel Group owns 46% of the Rio Tinto-operated Eastern Range iron ore mine in Pilbara which produces 6.5 million tonnes a year worth more than $500 million a year. Chinese investment now worth more than $1 billion.
Shougang Corp spent $400 million buying 20% of WA iron ore company Mt Gibson Iron in early 2008. This Chinese steel group also spent $56 million in March 2007 buying 13% or iron ore developer Australian Resources and agreed to fund $US2.1 billion development of the Balmoral South project and associated port project in WA
5 Chinese companies in a Consortium were given Foreign Investment Review Board (FIRB) approval in January 2008 to develop the $3 billion Oakajee port and rail project in Western Australia.
Anshan Iron & Steel paid $39 million in September 2007 for 13% of iron ore miner Gindalbie and signed $1.8 billion joint venture deal.
China Metallurgical Group paid $400 million for the Cape Lambert Iron ore project in WA in 2008.
Resource Development International headed by Gold Coast-based Clive Palmer who still claims to be worth more than $5 billion was hoping to raise more than $1 billion from Chinese investors through a float of this iron ore venture that is still to get off the ground.
Zhongjin, China’s third largest zinc producer paid $45 million to take control of Broken Hill-based Perilya in early 2009.
Can we begin to grasp the seriousness of the consequences to Australia if Chinese and Japanese interests gain further footholds on our nation?
Once these nations gain ownership of Australia’s choicest mines, they will likely manoeuvre to invoke the 457 skilled workers visa …and import their own Chinese workers on much lower contract rates of pay to work the mines.
The Australian Government has recently frittered away much of its reserves and is now busy about raising loans totalling $42 billion via bonds, which it will no doubt be expecting the Chinese government to buy.
Can we begin to see that the Australian government has unwittingly placed itself between a rock and a hard place.
With one hand raised in a stop position the Government wants to try to restrain the Chinese takeover of our richest and best resources …and with the other hand it is going to have to hold it out to the Chinese Government to beg them for money to please buy Australian Government bonds …to make up the $42 billion in loans it now desperately needs.
The Bible has much to say about why we are getting ourselves into a mess.
Meantime …keep pumpin’!
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