''and we still exported record coal, ....... and iron ore.''
you fail to tell us that - in point of fact ---- 'we' didn't actually export much at all -
FOREIGNERS EXPORTED the vast bulk of it - because 'we' - ie. Oz - the ownership of the coal and iron ore STOPS - the moment that the ore comes up out of the ground --
because 'we' sold of the resource companies in the great main - to foreigners
the only thing 'we' really get is that WA gets - royalties
quite an important point really if one is watching the bottom line --------------- if you want to see the bottom line -
then - you look no further than the record national debt and the largest private debt on planet earth
what does it mean? -- -it means that debt is what Oz has been and is living on - it's that simple
if you have ever been heavily in debt ----------- with low interest rates - then - you should well know what's coming
