Labor was instrumenatal is selling 4 State Banks and the Commonwealth.Banks create money with the click of a computer mouse.Why would you sell off your biggest income earning asset and then borrow from these same now private Banking interests?

We are now taxed to the hilt since the private banking interests own our increases in productivity by virtue of creating the money to equal it.

The debt can never be repaid because even our inflationary money gets created as debt.Selling of energy,resources and public assets is the only way our Govts can service debt.

Once China finds new sources of energy and resources,we are stuffed.

His single skill is insulting his opponents.
Belly,
You definitely out-shine me by supporting the most incompetent political party known to man and, by doing so you are also supporting them in making many peoples' lives a misery & ruining Australia. Now that just reeks of intelligence & is really something to be very proud of . M...n!

And believe me, Belly...if there's a question as to whether someone displays intelligence or stupidity, apparently individual is a leading authority on the subject.

You can always depend on him to let you know if you qualify for "stupid" (or not:)

Once China finds new sources of energy and resources,we are stuffed.
Arjay,
They're already investing heavily in African countries for natural resources. Russia is gearing up for tourism.
I don't at this stage know of what other schemes are planned but I concur with you that this country will be ruined if we don't get rid of the incompetence that has infiltrated the whole of the public service.
The PM is waffling on about beefing up the defence forces. What for ? All the would be invaders have to do is to throw away their I.D. , jump on a boat & claim asylum here. We don't need armed forces for that .
Will the staunch Labor supporters learn anything from the situation thus far ? No !
You can stop hoping.

As for China, they are, as we speak, building a rail link to Mogolia, where the production costs of thermal coal, landed, is tipped to be arou d $22 per ton.

Our cost is about $150 per ton, before shipping and that includes coaking, which subsidizes thermal.

I have a mate who works at Peak Downs mine, who is one of 900 who just got the chop. It was suggested the employer laid much of the blame on the mining tax, and the effect it will have on future profits.

It has also been suggested they will wind down and wait for a change of government.

Belly, while you have lived the dream, I have created the dream for many, largely from sticking my neck out and risking everything, creating jobs along the way.

Now when I was making $300K + per year, back in the 90's early 2000's it was worth the risk, however nowadays, the returns are simply not there to warrant the risk.

Back then, it was thought acceptable that two week turnover,(gross) would pay a years rent, whereas today, it's more like 15 to 20 weeks gross turnover.

Furthermore, many businesses have been shafted in the IR department, resulting in loss of work and very low returns for owners, not to mention unsaleable businesses.

Quite simply, the ducks are no longer in a row when it comes to small retail, which by the way is ome of our largest employers. Or was.

So Belly, you may well accuse me of being I'll informed, but not when it comes to running a small Retail business.

Dear butcher,

you said;

“Back then, it was thought acceptable that two week turnover,(gross) would pay a years rent, whereas today, it's more like 15 to 20 weeks gross turnover.”

What on earth are you on about?

Gross turnover?

Want to try again?

I have run small businesses for most of my life. You mate have been posting such rubbish for a long while now I really have serious doubts about your claims to have done so yourself.

And all this banging on about how terrible the Labour Government has been. We were one of only a few countries that had the number of small businesses actually climbed, not fell, through the GFC. Not only that more of them were exporting than ever before.

The latest figures on Small Businesses are from the 2010-11 period. http://www.innovation.gov.au/SmallBusiness/KeyFacts/Documents/AustralianSmallBusinessKeyStatisticsAndAnalysis.pdf

Every business demographic grew during that year. Businesses employing 1-4 people, 5-19 people, 20-199 people and 200+ people all saw gains. Contrast this to other countries which have seen steep declines across the board and one can only conclude your constant whinging about this government and small business is pretty damn hollow.