PS: We don't need more foreign investment in minerals
so that we overproduce and knock the ass out of price.
We simply need a better return from the current foreign investment
so that we can keep more money in Aus instead of sending our
4 big banks overseas to borrow back the Aussie dollars that
were telephoned overseas to our foreign owners.
We own the resources and the foreign money is already invested here
in mining infrastructure which can't be economically moved
back overseas. So like the Godfather, we should be giving them
an offer they can't refuse.
Within 10 years we could be debt free.
MM
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How Australia squandered the mining boom, page-6
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