The year of the online advertisers (25/02/2014)
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
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Gilson Bick
:
Your comments on ‘The Business’ last night were the first accurate overview interpretations that I have EVER witnessed from the plethora of commentators in this land, regarding the business and productivity situations in this land.
1.Regarding Qantas, you seem to be the first to recognise the PARADOX that the airlines that Qantas NOW find it impossible to compete against, have been structured in the EXACT facsimile image of what Qantas was prior to ‘privatisation’.(eg Singapore airlines was set up by Keith Hamilton – on loan from Qantas to Tamasek)
2. Regarding manufacturing, this can only succeed if governments plan long term, so as to facilitate that ownership stays in Australia and with Australians.
I think that you will agree that the ‘game’ has changed in the world, and it is wise to forget about wages costs – this country is being screwed and made uncompetitive because of the FIXED INPUT COSTS that ALL businesses, both large and small, are FORCED to put up with! The following are the established status quo RIP-OFFS that make the rich list of unproductive parasites very rich indeed, and this rich list will ‘move heaven and earth’ to make sure that their productivity destroying dogma, and the existing status quo of wages bashing, remains in place so that they can continue on ADNAUSEAM ‘turning a dollar’ rather than productively and honestly ‘earning a dollar’
Such is Australia’s answer to PRODUCTIVITY – or rather THE LACK THEREOF.
1. Real Estate – every business has to either buy it or rent it. Australia has the MOST EXPENSIVE in the world.
2. Energy – Electricity, motor fuel, and gas has become un-affordable in the last few years as ‘privatisation’ has been forced upon us. We now have the SOME OF THE MOST EXPENSIVE energy in the world.
3. Other Utilities – Water, infrastructure maintenance. Again as above with ‘privatisation’. MOST EXPENSIVE in the world.
4. Transport – MOST EXPENSIVE in the world.
5. Banking – MOST EXPENSIVE in the world.
6. Insurance – MOST EXPENSIVE in the world.
7. Red Tape and Compliance costs – MOST EXPENSIVE in the world.
Don’t accountants and company directors get to read Profit and Loss dissections and Balance Sheets anymore ?
Hasn’t any politician in this land of ours noticed that the ‘economic game’ has been changing in this world we live in. The world’s wealth is being grabbed in a competition between the MULTI NATIONALS , PRIVATE HEDGE FUNDS, and the ECONOMIC NATIONALIST nations. While these have been GRABBING whatever they can grab from anywhere in the world that they can grab it from, OUR MORONIC FOOLS are still playing the OBSOLETE “markets finding its own level” game. Talk about leaving Australia’s asset base defenceless.
It seems that the ECONOMIC NATIONALIST countries ( Saudi, Arab Emirates, Singapore, Brunei, Norway, ………,etc. NO PINKO’S there) are winning as the USA has been pouring 85 billion a month into the USA economy for a few years now to stop the “free market forces”(joke) from GOING UNDER. Isn’t that action ECONOMIC NATIONALISM also in order to ‘stay afloat’? What about China’s change of heart towards ECONOMIC NATIONALISM? It seems they have saved the world from depression since they adopted it, and also are now the USA’s biggest creditor.
And yet (of course) our bunch of IDIOT POLITICIANS are still living in the 1970’s and 80’s. WHY?
Because they are such a bunch of morons they can only relate to WHAT THEY WERE TAUGHT FROM SOMEBODY ELSE’S MIND AT UNIVERSITY in the 1970’s and 80’s. WET BEHIND THE EARS PERPETUAL SCHOOLBOYS AND SCHOOLGIRLS ONE AND ALL! NONE OF THEM SEEM CAPABLE OF ORIGINAL THOUGHT!
Australia has neither MULTI NATIONALS that we can call our own to hide behind, HEDGE FUNDS big enough to compete that we can call our own, and we think that ECONOMIC NATIONALISM is “PINKO”. Our national wealth is ‘fodder’ for the ‘grass eaters’, and ‘prey for the predators of this world when sections of it get big enough to justify the effort of killing and consuming’. Our business leaders can see what is going on and so they are the JUDAS ISCARIOT facsimiles of the 21st century, as they shamelessly prioritise their 30 pieces of silver over any PATRIOTISM for our NATION’S FUTURE.
And now ‘HOCKEY JOE’ is intent on flogging off what is left of our national infrastructure and public assets so that his parasite mates, as mentioned above, can yet again make a quick and absolutely UNEARNED dollar. It makes about as much sense as any individual wage earner, who has any debt at all, to quit their job for their severance pay and to not give a second thought about the future, or as you put it “burning the furniture to warm the house for the night”..
I sent similar comments to Clive Palmer MP. Perhaps he is intelligent enough and patriotic enough to avoid STALE political dogma in favour of something pragmatic in our parliament.
Best wishes
Gilson Bick
Roger Montgomery
:
Thank you Gilson for your encouraging words and for taking the time to share your thoughts!
peter schrader
:
Hi,
There is background noise in the audio.
Can you guys get rid of it?
Peter
Roger Montgomery
:
Will try Peter