Thread: Good bye Johny!!!!!!!!!!!

Originally Posted by 303gunner

If the Mining Companies earnings are in US$, and the AU$ drops then that will INCREASE their profits! Miners, Primary Producers and other exporters WANT the dollar to drop as it makes their prices more competitive, and increases their returns....*snip*

for the sake of arguement, yes I missed out the whole gross/net profit thing, but...

10000 employees @ A$100k each = A$1,000,000 (US$900,000) in wages to produce (lets say) A$1,100,000 (US$1,000,000) of fixed price sales.

when A$ drops 30%:

A$1,000,000 of wages (US$630,000) to produce A$1,300,000 (US$1,000,000) of fixed price sales = A$100k more profit.

which goes where? to pay off (typically)US$ high interest loans most companies have taken out to pay for their massive capacity increase. Factor in about a 7% cost of credit, plus the loss on the exchange rate...so a falling A$ means even more of the "profit gain" on the changing exchange rate will get poured into $US loan repayments ASAP to beat the falling exchange rate, which means cost cutting and lower net profits...

of course if you happened to be the lucky guy borrowing A$ on your loan, then you are home free, but this is going to be by far the minority of the big guys.

Originally Posted by jik22

We're only warning you...we can't vote.

And if we could, it sure as **** wouldn't be for a repeat of what's happened in the UK.

Too Ture

Originally Posted by ak

You know what where getting with Rudd just a younger version of John Howard. Rudd is conservative as Howard is no more no less. Rudd is a multi-million- air mega rich, far cry from the labour party's grass roots. Rudd is also more liberal than labour even though he can't admit it.

He's the spokesperson they'll use to get in power, then the lefty uninion lot will wreck the country until it gets so bad people will be just as sick of them and vote them out...but that's a long cycle and causes damage in the meantime.

Originally Posted by Jamo

Which is exactly what happened here in WA with the current Labor Govt; and exactly what happened under Hawke/Keating.

Yep, a quick look in the history books should deter any potential labor voter who isn't a traditional socialist.

Trouble is, the existing government always manages to do such a crap job eventually, they give the victory to the other lot on a plate. If the liberals lose today, it won't be because people want labor in, it'll be because they want them out. I reckon the country would be ready to vote anyone in just to get rid of Howard...and that's how it starts.

Have fun with my JOKE lads I'm off to the Crane driver x-mas Party.

Wiegh up both sides of the argument, think back, were you better off under a Hawke or Keating Govt or are you better off under a Howard Govt. I remember the dim days of the 80s, seeing young first year tradeys apprentices beaten for not wanting to join a union, BLF take a bow here, I witnessed many scare tactics of these ratbags for years, that was when there was a job you could get in the building industry, or anywhere else really, petrol was under a dollar! only good thing I remember, I remember the thousands and thousands of public servents both federal and state who were chopped by head hunters to save a buck, I remember huge foreign debt, high interest rates, anyone else remember any of this ? want to go back to it? Rudd is just a stoole pidgeon for Gillard and her mob of thieves, guess we will know soon.

Originally Posted by twitchy

Have fun with my JOKE lads I'm off to the Crane driver x-mas Party.

Well "Twitchy", lets hope Howard gets back in and YOU still have a job
Krudd and the unions will certainly 'taint' new growth.. no buildings no cranes required.

You get what you reap!

Originally Posted by RonMcGr

You are.
I sincerely hope you and yours are a minority!

i sincerely hope we are not a minority
i hope it's kevin07 claiming victory tonight
i work for a living!

Originally Posted by rangieman

What no mention of Defender or Disco or freelander owners

Oh bye bye baldy and the smirking git

i'm with you mate