Australian Politics Forum - Mining boom is over

BigOl64

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Re: Mining boom is over - What's next ?
Reply #30 - Aug 23^rd, 2012 at 3:03pm

Sir lastnail wrote on Aug 23^rd, 2012 at 2:50pm:

the way that Holden and Ford are going they will close themselves down because they took your great advice and left the "high techy things to china and the US" Sad

Guess what ? Bad advice Sad

So you believe that I am the personal technical advisor to both the CEOs of Ford and Holden in Australia.

Cool, while I was unaware of any actual meeting with these very important people and even more surprising this not even my field of expertise.

Just wondering did these bloke come and see me or did I go and see them? You know for my memoirs.

Thanks for keeping up to date with what is happening in MY life.

BTW those high techy things you keep alluding to aren't cars, they're things like super computers, super colliders, fighter jets, nuclear power plants, satellites, robotics, spacecraft, etc.

But as a qualified engineer, you probably already knew that, didn't you? Grin

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Mnemonic

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Re: Mining boom is over - What's next ?
Reply #31 - Aug 23^rd, 2012 at 4:05pm

BigOl64 wrote on Aug 23^rd, 2012 at 12:01pm:

We should make electric cars.

I remember as a kid Scaletrix was the sh1t. We could make millions of them and export them world wide.

Australia could be world leaders in the manufacture of electric cars.

Is this a joke? My Google searching reveals Scaletrix to be a toy car brand. Yeah ..... toy cars, not real-life sized cars that can transport humans. I initially thought you were talking about something like Ford, Chrysler, GM, Toyota and Nissan. It seems now that you're talking about Lego. Sad

http://www.scalextric.com/shop/cars/

Yeah, we could probably sell millions of those if we could somehow market them as something more valuable as something already on the market, something different like what Steve Jobs did with the computer industry.

.......... like electric toy cars running on batteries with cameras inside them so you can spy on your neighbours or your cheating wife. Cheesy

It's the Super-Spycar. It's going to change the world!!! Buy one now before it runs out!!! Cheesy

......... or even better, a mobile phone on wheels!!!!! Hands free!!!!!!! Imagine the possibilities!!

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BatteriesNotIncluded

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people died for this!

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Re: Mining boom is over - What's next ?
Reply #32 - Aug 23^rd, 2012 at 4:12pm

Sir lastnail wrote on Aug 23^rd, 2012 at 11:58am:

bobbythefap1 wrote on Aug 23^rd, 2012 at 11:56am:

Tourism?.. Oh wait, mining is phuking that up

Also the dollar is to high thanks to the mining boom so nobody is coming here Sad

DON'T FORGET THAT WE ARE ALSO A BUNCH OF NASTY ASS JOHN HOWARD IMPERSONATAORS!

TRUE STORY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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*Sure....they're anti competitive as any subsidised job is. It wouldn't be there without the tax payer. Very damned difficult for a brainwashed collectivist to understand that I know.... (swaggy) *

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freediver

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Re: Mining boom is over - What's next ?
Reply #33 - Aug 23^rd, 2012 at 5:57pm

perceptions_now wrote on Aug 23^rd, 2012 at 12:53pm:

freediver wrote on Aug 23^rd, 2012 at 12:42pm:

The dollar will drop.
Interest rates will drop.
Other industries will pick up.

FD,
Why?
Why?
Which industries & why?

The dollar will drop because we are exporting less mined stuff - people will be buying fewer AU$ with which to purchase the mined stuff, so the price of the AU$ will go down. It was the mining boom that was pushing the AU$ up.

Interest rates will drop for similar reasons - fewer locals borrowing money to invest directly or indirectly in the mining boom, so the price of money goes down too. However this is strongly influenced by the global money market. But it is also influenced by the reserve bank, which responds to local conditions.

All other industries not directly affected by mining will pick up, because they can borrow more easily. Residential and commercial (capital city) building are perhaps the most sensitive.

Also, people looking for somewhere to invest money will start looking more outside the mining sector.

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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Ex Dame Pansi Gold Member Offline Australian Politics Posts: 24168	Re: Mining boom is over - What's next ? Reply #34 - Aug 23^rd, 2012 at 6:01pm <<As it is Australia is a world leader in breading halfwitts like you who have absolutely nothing to offer.>> ................................................................ If only we could export them.
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freediver

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Re: Mining boom is over - What's next ?
Reply #35 - Aug 23^rd, 2012 at 6:53pm

Quote:

raise gst on discretionary spending and offset against no tax on bank interest.

Luxury taxes are a bad idea from an economic perspective, because they are the things people will most readily give up. So you skew the market a lot with a small amount of tax. You harm the people making the products. Worst case scenario is rich people spend their money overseas instead.

Quote:

To ignore the points I have raised is silly and should be criminal for our senior officials and politicians.

They don't ignore them. They just keep them in perspective.

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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aquascoot

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Re: Mining boom is over - What's next ?
Reply #36 - Aug 23^rd, 2012 at 7:17pm

freediver wrote on Aug 23^rd, 2012 at 6:53pm:

Quote:

raise gst on discretionary spending and offset against no tax on bank interest.

Luxury taxes are a bad idea from an economic perspective, because they are the things people will most readily give up. So you skew the market a lot with a small amount of tax. You harm the people making the products. Worst case scenario is rich people spend their money overseas instead.

Quote:

To ignore the points I have raised is silly and should be criminal for our senior officials and politicians.

They don't ignore them. They just keep them in perspective.

yes good point freediver.

i shall think a little harder.
do you have any suggestions to raise the savings rate.

i see the chinese save 40 % of their income. we could certainly save a bit more if the tax system encouraged saving rather than negative gearing

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freediver Gold Member Offline www.ozpolitic.com Posts: 53524 At my desk.	Re: Mining boom is over - What's next ? Reply #37 - Aug 23^rd, 2012 at 7:55pm Negative gearing is always associated with saving. You invest mostly your own money, plus a bit of borrowed money on top.
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Mnemonic Gold Member Offline Australian Politics Posts: 1530 Melbourne Gender:	Re: Mining boom is over - What's next ? Reply #38 - Aug 23^rd, 2012 at 8:03pm freediver wrote on Aug 23^rd, 2012 at 7:55pm: Negative gearing is always associated with saving. You invest mostly your own money, plus a bit of borrowed money on top. What about Americans, who spend more than they save and have very little in their bank accounts?
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bobbythefap1 Gold Member Offline Posts: 7026 Listen now to the rain	Re: Mining boom is over - What's next ? Reply #39 - Aug 23^rd, 2012 at 8:03pm Quote: They don't ignore them. They just keep them in perspective. they certainly keep the public ignorant.. you cant polish the turd that is our debt, sooner or later we are going to have to face it.
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bobbythefap1 Gold Member Offline Posts: 7026 Listen now to the rain	Re: Mining boom is over - What's next ? Reply #40 - Aug 23^rd, 2012 at 8:05pm freediver wrote on Aug 23^rd, 2012 at 7:55pm: Negative gearing is always associated with saving. You invest mostly your own money, plus a bit of borrowed money on top. debt
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freediver

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Re: Mining boom is over - What's next ?
Reply #41 - Aug 23^rd, 2012 at 8:05pm

Mnemonic wrote on Aug 23^rd, 2012 at 8:03pm:

freediver wrote on Aug 23^rd, 2012 at 7:55pm:

Negative gearing is always associated with saving. You invest mostly your own money, plus a bit of borrowed money on top.

What about Americans, who spend more than they save and have very little in their bank accounts?

Sounds unsustainable to me. The Americans are quite good at letting idiots suffer the consequences.

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bobbythefap1

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Re: Mining boom is over - What's next ?
Reply #42 - Aug 23^rd, 2012 at 8:16pm

freediver wrote on Aug 23^rd, 2012 at 8:05pm:

Mnemonic wrote on Aug 23^rd, 2012 at 8:03pm:

freediver wrote on Aug 23^rd, 2012 at 7:55pm:

Negative gearing is always associated with saving. You invest mostly your own money, plus a bit of borrowed money on top.

What about Americans, who spend more than they save and have very little in their bank accounts?

Sounds unsustainable to me. The Americans are quite good at letting idiots suffer the consequences.

and if they are the centre pillar of our financial system?

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Sir lastnail

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Re: Mining boom is over - What's next ?
Reply #43 - Aug 23^rd, 2012 at 8:40pm

BigOl64 wrote on Aug 23^rd, 2012 at 3:03pm:

Sir lastnail wrote on Aug 23^rd, 2012 at 2:50pm:

the way that Holden and Ford are going they will close themselves down because they took your great advice and left the "high techy things to china and the US" Sad

Guess what ? Bad advice Sad

So you believe that I am the personal technical advisor to both the CEOs of Ford and Holden in Australia.

Cool, while I was unaware of any actual meeting with these very important people and even more surprising this not even my field of expertise.

Just wondering did these bloke come and see me or did I go and see them? You know for my memoirs.

Thanks for keeping up to date with what is happening in MY life.

BTW those high techy things you keep alluding to aren't cars, they're things like super computers, super colliders, fighter jets, nuclear power plants, satellites, robotics, spacecraft, etc.

But as a qualified engineer, you probably already knew that, didn't you? Grin

don't worry about it dumbarse.

Just leave the high tecchy things to china and then we can all have careers driving rickshaws for the wealthy chinese tourists Wink

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freediver

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Re: Mining boom is over - What's next ?
Reply #44 - Aug 23^rd, 2012 at 9:38pm

bobbythefap1 wrote on Aug 23^rd, 2012 at 8:16pm:

freediver wrote on Aug 23^rd, 2012 at 8:05pm:

Mnemonic wrote on Aug 23^rd, 2012 at 8:03pm:

freediver wrote on Aug 23^rd, 2012 at 7:55pm:

Negative gearing is always associated with saving. You invest mostly your own money, plus a bit of borrowed money on top.

What about Americans, who spend more than they save and have very little in their bank accounts?

Sounds unsustainable to me. The Americans are quite good at letting idiots suffer the consequences.

and if they are the centre pillar of our financial system?

Sounds like a hypothetical question to me.

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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