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IRON PIG MIKE YOUNG: Michael Danby MP blasts BC Iron CEO over his attack on America

BeijingbuddiesThe unseemly spectacle of usually conservative Australian mining bosses saying what they think the Beijing regime wants to hear became even more cringe-inducing when BC Iron boss Mike Young told the Financial Review in a front-page article that highlighted how very mining CEOs showed up to Obama’s state dinner compared with the long queue to banquet with Beijing:

Corporate Australia recognises our economy is fundamentally tied to China, not America. The US is getting a lot of airplay but once President Obama goes home it will be business as usual.

How pleased the Chinese Embassy in Canberra must have been with Iron Mike.

DalaidanbyLess impressed was man-of-steel Michael Danby, the chairman of the powerful Parliamentary Foreign Affairs, Defence and Trade committee, who was appalled by Young’s inaccurate, kow-towing and discourteous remarks and gave the iron pig a big blast in a comment for VEXNEWS readers:

“Who cares what uncouth, provincial business men like Mike Young think of the President of the United States? I always thought the business of business was business, not making rude, out of touch, political comments.”

“This commercial nong obviously has no understanding of the economic stakes, with $20 billion direct foreign investment in Australia from China and $550 billion investment by the US in Australia. Iron Mike is maybe pre-emptively genuflecting to the communist gatekeepers of the Chinese market.”

Facts do not traditionally get in the way of a good propaganda story from the communist regime in China and it seems they don’t slow its enthusiastic spruikers Down Under either.

Indeed, Iron Mike is bowing before Zod for the best reason money can buy: greed. Young has at least a hundred million reasons to be keeping sweet not sour with Beijing by denigrating the US President, with Young’s recent boasting of many hundreds of millions of “debt financing” coming from China and other sources.

The common racket of Mike Young’s end of the mining market is to take in debt from cash-rich, desperately resource-hungry big-Chinese government agencies in return for onerous royalty, long-term supply contract and other management arrangements that have all the characteristics of an equity investment without strictly being so, therefore escaping Foreign Investment Review Board scrutiny. Clive Palmer and many others have pulled this cunning stunt.

Young, a close business associate of billionaire Andrew Forrest, is one of a group of multi-millionaire mining moguls with strong ties to the communist regime in China who’ve been fighting against the government’s proposed mining tax by positioning themselves as “small miners.” Everything’s relative compared with BHP Billiton, one of the largest companies by market capitalisation in the world, we suppose, but some thought they were not managing the optics of presenting themselves as little Aussie battlers when Forrest flew in to the painful Rob Oakeshott’s electorate to plead his case – in a private jet.

And while the crop of Beijing-built-billionaires makes occasionally embarrassing declarations of loyalty to the government there, it didn’t stop Andrew Forrest beaming at the sight of his 50th birthday gift this weekend, an all-American-made, especially imported, 1956 powder-blue Cadillac Sedan Deville.

Nothing that good has yet come out of China.

 

 

Discussion

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  1. We have the best MPs, Southwick and Danby.

    Posted by Stefan | November 21, 2011, 9:40
  2. They will all burn in hell for taking Beijing blood money

    Posted by Hippocrits | November 21, 2011, 10:51
  3. Twiggy can be my pig any day.

    Posted by Councillor Craig | November 21, 2011, 11:08
  4. Odd bedfellows. The Communist state of the Peoples’ Republic of China and mining magnates.

    I guess cash is more important than communist regimes these days.

    Posted by Anonymous | November 21, 2011, 11:12
  5. Mr Danby I would prefer China as an economic friend than creepy Israel

    Posted by Adrian Jackson | November 21, 2011, 11:22
  6. Does Twiggy Forest support a communist state that massacred thousands in Tienanmen Square? Shame on him.

    Posted by Anonymous | November 21, 2011, 12:42
  7. All mining executives can stand on their wallets to change light bulbs. The rest of us use step ladders.

    Posted by Futureproof | November 21, 2011, 16:32
  8. I would also like to step on teh wallets of a few mining executives.

    Posted by Lowrain Woeful | November 21, 2011, 18:47
  9. [deleted]

    Posted by Boofa | November 21, 2011, 20:32
  10. Michael Danby – “Man of Steel” – ha!

    Obscure Man of Lard more like it.

    Posted by Ronnie | November 22, 2011, 3:57
  11. Danby is on-the-mark as usual

    Posted by raz | November 22, 2011, 8:07
  12. What a load of wank. Anyone who buys ANYTHING today is buying something from China at some point.

    Unless you live a puritanical life and you research everything you buy, you are buying and hence supporting the Evil Empire.

    You are a load of hypocrites.

    If it wasn’t for blokes like Mike Young and Andrew Forrest, this county would be a complete basket case. Danby on the other hand is a blood sucking politician who gets paid to do nothing and produces nothing.

    Frank Drake, PERTH.

    Posted by Frank Drake | November 22, 2011, 20:23
  13. Spot on, Mr Danby. You are a patriot.

    Our economy depends much more on the intellectual exports of the United States than it does on our raw exports of slightly red coloured dirt to China.

    The Chinese sell us useless consumerist crap. The USA gives us culture and values in tune with a modern liberal democracy. I know which I could do without.

    I will never invest in China while it oppresses Tibet.

    If I had my way, I’d charge Australian business men who provide material support to the state sponsored terrorism of the Communist Party of the People’s Republic of China. At least, they would have a comfortable jail here compared to the medieval prisons the political prisoners face in China.

    These creepy money hungry fascists are little different from the gun runners and various front groups that back the muslim extremists.

    They may well be ignorant gullible fools but that level of reckless behaviour caused by wilful blindness in their pursuit of money and power is no excuse to criminal culpability.

    Posted by Giuseppe De Simone | November 23, 2011, 9:33
  14. It has been long ago, but I still remember those Food Parcels That we got from those generous People of America.

    Posted by Brimbank Party hack | November 23, 2011, 10:20
  15. Great comments Michael Danby. We need to keep our moral compass.

    We need to know who are our enemies and who are our friends, and the US is tops.

    China looks after its own interests always. And they’re not buying Australian iron ore as a favour to us. These are simply commercial transactions.

    It is quite unnecessary to publicly kowtow to the regime, and might even be counter-productive.

    Posted by Doug | November 23, 2011, 20:53
  16. Unless Danby makes the same comments about Paul Keating as he did Mike Young, he is officially a hypocrite.

    In todays Australian, Page 2, Paul Keating says:

    “The rise of China is overwhelmingly positive and was one of the great events in the world. I mean, much of our economic bread is butter in the great state – China.”

    Furthermore, Colin Barnett, Premier of WA stated that the MRRT and subsequent threats by the Gillard government regarding GST handouts meant that WA would find itself more aligned with Asia than the Federation.

    So both these learned commentators support Mike Young’s view.

    Lets hear from Danby the Parasite now.

    FD

    Posted by Frank Drake | November 24, 2011, 13:24
  17. Nice one Guiseppe. Does that include jailing people who buy products made in China?

    People in glass houses mate….

    FD

    Posted by Frank Drake | November 24, 2011, 13:25
  18. Well done. Thank you Michael. I am so appreciated with your unswerving and wholehearted support to the cause of democracy and human rights. Your great sense of justice dismissed the nonsense of blindfolded Australian business tycoons who only know how to make an unscrupulous quest for profit through kow-towing evil regime of Communist China.

    Posted by Chin Jin | November 24, 2011, 23:21
  19. Now the Aus Dollar is trading with the Yuan making Aus only the seventh country to achieve this. Wayne Swan says, “It is a significant step in the Aus-China bilateral relationship.”

    Can’t wait for Danby’s blast.

    But it won’t come because he is a hypocrite.

    Posted by Frank Drake | November 26, 2011, 22:53
  20. I rub Mr Drake’s foot at Boao Conference in China. He has happy ending like Mr Ian Macdonald.

    Mr Hawke said we all get rich if we “Boao” bow to Beijing so Mr Drake bowed deepest of all to ensure he can be rich like his friend we call Twiggy.

    Twiggy such a big tipper, I call him Mr Big. This is not like Mr Drake, he is cheapstake and kept asking me the Viagra. I no know what this is and he looked like he might give me a slap.

    So if Mr Drake is talking iron ore, there is every chance he is also talking about Eileen whore, which is my trading name that I first used when I came to nice hotel owned by Mr Hawke and various of his Chinese mafia friends. We are all one big happy family in China. I make enough money to move from my one room flat to a two room flat for my family of fourteen very soon. Thank you Mr Drake, I show my gratitude next time I see you.

    Love you long time, see you at the next Boao-wow.

    Posted by Eileen - servicing Boao Forum - welcoming all guests | December 3, 2011, 19:54

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