How Australia squandered the mining boom, page-6

  1. 23,953 Posts.
    lightbulb Created with Sketch. 770
    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
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.