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Australia news world ending Videos

Australia - End of the Mining Boom in Australia - BBC Our World Documentary

Australia - End of the Mining Boom in Australia 1 of 2 - BBC Our World Documentary, recorded 08.07.2009 I'l see if I can find a fitting description, but the title ...

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9:35 Almost laughable that someone would dare to claim a mining company has a moral responsibility to a community which they themselves must actuate. That is what Governments are for, historically at least, and one establishes their responsibilities to begin with, not after the fact. That Australians wish to allow themselves to be exploited like the Roman proletariat, and not hold their Governments accountable with foresight and due dilligence of wisdom, echoes such a modern failure of philosophy worldwide endemic one wonders if ever labour unions will once again make themselves effectively felt as the balancing force in the triad of workers, Government, and corporation.
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Riiiiiiiiiiiiight, so prior to the boom lets say the base for where mining was at was one, today it is running at about 20 times higher than that base, now say the "next GFC" comes at hits those increases and pulls it back 50% which is a helluva a lot, well guess what thats still above that original base by a long way. Do your homework before you come on here a spruik shit. Fancy doinga story on that mine, cost overuns in construction had the most impact and that was before an ounce was dug out
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REMEMBER WITH INTERESTS RATES LOW, AND INFLATION HIGH.. WERE FUCKED. WITH HIGH SUPPLY AND LOW DEMAND.. WERE FUCKED.. AND THE WHOLE OF CHINA HAVE NO DEMAND FOR PROPERTY BECAUSE THE MIDDLE CLASS HASNT DEVELOPED CORRECTLY YET AND CANT AFFORD IT.. IF THEY CRASH WE CRASH.. REMEMBER THAT. IM 25 IM NO EXPERT BUT LOOK AT THE EURO, ICELAND, IRELAND, AND THE U.S. WHO ALL HAVE SIMILAR MONETARY SYSTEMS AND ARE BEING BOUGHT OUT BECAUSE OF THESE BASTARDS MANIPULATING THE MARKET FOR PROFIT AND OUR DOLLAR.
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Property is not an investment it is a consumer good. The days of property prices rising may soon come to an end.. my point. THIS IS A MINOR EXAMPLE of what weve been taught and promised as Australians being a complete lie.. THIS IS GLOBAL, we rely on to many foreign economies to balance ours and world wide they are crashing.. Domino effect.. mark my words.. bottom lie we are all paying debts thats it, your money and this currency is not worth shit, no matter how much they manipulate you
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There are mutilple levels ... Sure , your comments are true, but I must also add that these are "older posts" ... I always add the recording / viewing date to my posts, for just this reason ... Back then everyone thought that commodities would be the first to plummet under the "Global Financial Cruch" ... How wrong they were... Good thing that we can all sit back and laugh, as next we will get all the "Experts" telling us that they said all along that "commodities would boom" ...
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I understand that alot of you can confuse a boom as infinately profitable for our fine country.. but we are at the end of the day a broke country, at least under the current currency. NO CHINA WILL NOT SAVE US! as much as they bought up our biggest resource for BUILDING, it isn't a fail safe. They have a massive population yes but the majority do not have incomes to support the lifestyle the ceo's and entrepeneurs built.
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appreciate your point, but in bigger pic increasingly think bbc - therefore uk - just flogs usa policy, their constant coverage of libya & syria says it all, those rebels are motley external groups, clearly funded by saudi's (swiss had to do internal investigation as grenades sold to saudi's kept turning up) & usa for geopolotical strategic reasons. bbc blah.
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I am an investor with a statistics background (Science degree with physics and math). What you are describing is meaningless - its company in a landscape of thousands. Doesnt reflect the big picture at all necessarily - eg there's always a few companies doing well regardless of the bigger picture.
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Well, a company i know very well is the leading supplier of equipment to the mining industry and there sales have risen 140% in 3 years, employment numbers have doubled in the same time, profit has risen ten fold and the order board is amazing but you just think what ever you want
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Maybe it's because 'The Lucky Country' wants those who have the skills and the bottle to go to remote areas and set up Shop... Be it Western Australia or the Northern Territory The Industry stated that all too many many Pharmacists just won't go out to remote locations...
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Every answer you have given is a1 liner with no substance to anything, no information on why it is this or why it is that, just a propaganda tree hugging halfwit, go do something positive and research what you are talking about and then figure it out FFS
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I love this stuff. The dooms day media has always been beating it's chest about saying we're heading for trouble. Come 2013, it's bigger than ever. Mining will never go bust while China & India are buying up every bit of Iron & coal we've got.
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@GILBERHE > "this is Gold" o this is Old" ... no worries mate, your job is safe ... this is an old vid, both uploaded late & made available lete. Still I keep it for records, and so should you ... Goodonya ... Runi
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@graham640 all breeds of engineers are in demand in Western Australia, Perth really is booming. And there are many young Irish people there. Really, I meet a lot there. Plan for it, its a lovely city. Good luck!
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Erm well this was a year and a half ago and the mining boom sure as hell isn't stopping. In fact the IMF just estimated that Australia will be the most healthy economy in the world over the next two years....
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The more I see of BBC World News the more I think it really quite bad - is often quite inacurate in reportage & shamelssly pro American in foriegn policy. Maybe it's just a reflection of the state of UK.

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