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Originally Posted by AdultKing
As usual Marion Lynn, the cross dressing gay twink loving scamming spammer from Kansas proves he knows fuck all.
1. The massive demand for Australia's mineral exports is going to create half a million new jobs in the next 5 years. Employment growth in Australia outstrips any other country on the planet per head of population.
2. Australia may import some things, however it also exports alot too. We export technology, services, primary production and medical advances to the world. We are leaders in IVF, Hearing Implants, Nuclear medicine and Cancer medicines.
3. Australia has the highest standard of living of any other country on the planet. We provide free medicine, low cost education, paid parental leave, paid superannuation, full pensions and benefits to our disadvantaged. It costs nothing to receive excellent medical care in this country, education is free until you meet certain income thresholds and then you pay back a government loan for post secondary education.
4. Australian's have a higher wealth per capita than their counterparts in any other western nation. More Australians own their own homes than any other country in the world per head of population.
Our economy is the envy of the rest of the world, sailing through the GFC with barely a sniffle, our economy keeps pounding along while the US, UK and most of Europe falter.
When the balloon goes up and the chips are down, Australia will be the place to be while people in countries like the USA will be stuffed.
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A couple of things are going on here that you're not seeing.
(1) Australia imports 80% of its oil. If the ballon goes up, oil prices will rise astronomically and with them the cost of all oil-based goods and services. This would have a devastating effect on the economy of any nation which relies on oil imports.
(2) Australia is facing a huge fresh wataer shortage and although a world leader in sea water desalinization, such plants could presently not keep up if faced with the kind of cirsis mentioned above. Perth's desal plants provide only 20% of the fresh water requirements for that city and it will take years for such plants to provied 100% of the requirements and the situation could well be overtaken by world events long before that goal is reached.
Although both water and oil are essentially commodities, both could be the primary weapons in future international conflicts.