Remember when Donald Trump was elected president of the USA and Mal Turnbull was told the news via his trusty mobile phone? His head sunk, in an “oh poo” moment. Now they are all buddies and Mal intends to use a fair chunk of Australia’s $2.53 trillion superannuation to give to Trump so that the Donald can fix America’s infrastructure, which is rated by engineers at the D or fail level:
https://www.smh.com.au/business/the-economy/trumps-infrastructure-plan-gets-25-trillion-nudge-from-australia-20180222-h0wghz.html
“Australian politicians have pointed to their own success in selling or leasing public assets to finance new construction without incurring new debt -- a concept known as asset recycling. Joe Hockey, now Australia’s ambassador to the US, was a key champion of the initiative when he was federal treasurer and has been pivotal in promoting it in Washington. “There’s no doubt when it comes to infrastructure and better rollout of infrastructure, Australia has some examples that may be of use to the United States,” Hockey said on Wednesday. Fund managers in Turnbull’s delegation of 22 business leaders will continue the push at the National Governors Association meeting this weekend.
“The key blockage in the US, which is also common across the world, is the political risk due to community concern over private ownership of what people perceive should be public assets,” said David Whiteley, chief executive of Industry Super Australia -- the representative body for not-for-profit funds that invest the super funds of 5 million Australians. It has more than $224 billion under management. “Engagement with the US government and state governors is incredibly important to building momentum,” he said. Assets in Australia’s superannuation funds have increased nearly ten-fold in the past two decades. And they’re not expected to peak for another 20 years, with estimates of the system’s ultimate size ranging from $3.5 trillion to $5.1 trillion.”
These peole are deluded. What else can I say? Why would one risk people’s retirement futures for a foreign nation? At a minimum, the super funds might be considered invented in Australia’s infrastructure, but there are good arguments for not doing that as well. What if the venture fails and all of the super goes down the drain: feel like working to the grave, if you can get a job? This is the globalist mind in action, which has no loyalty to the local place, only international money.