Australia 8th-richest nation: IMF

[Ban Hammer 12,848]

[*]Borates| 000,610 thousand tonnes| 1st

[rsn 135]

Yeah, just can't help but boast. By the way where the #### is Milwaukee? Must be one of those nobody flyover states.

I'm think I'm going to call you punxsutawney phil from now on, ok? Maybe P.P. for short.

[JohnSmith2007 353]

Key Facts

• * Australia has the world’s largest deposits of recoverable brown coal, lead, rutile, zircon, nickel, tantalum, uranium and zinc, and ranks second in the world for bauxite, copper, gold, ilmenite and silver
  
• * Australia’s reserves of industrial diamonds are ranked third largest in the world and reserves of manganese ore are ranked fourth
  
• * Australia is the world’s largest exporter of alumina, black coal, iron ore, lead and zinc
  

Evidently, when it comes to mining, they are pretty huge. So for someone in the industry to have never hear of it, well they are basically full of sh-t.

I see you have reading comprehension problems. I said, I didn't know your white population tried to erradicate the native one before I talked to you and googled it. Nothing was ever said about mining. The conversation was about how the natives that are left are being mistreated while you brag about how great your little desert island is. Jeez I want to say something in regards to your level of intellegence but it seems the TOS will not allow me to. I think you do understand but are trying to deflect out of a sense of shame I guess.

[Ali G. 37]

I see you have reading comprehension problems. I said, I didn't know your white population tried to erradicate the native one before I talked to you and googled it. Nothing was ever said about mining. The conversation was about how the natives that are left are being mistreated while you brag about how great your little desert island is. Jeez I want to say something in regards to your level of intellegence but it seems the TOS will not allow me to. I think you do understand but are trying to deflect out of a sense of shame I guess.

Say whatever you like. You can start with what you do, the area you live in, your level of education and so on.

You have been caught out modifying your story as you see fit. Your mistake was that you assumed I knew nothing about mining.

By they way, we don't call people natives. We call them Australians of aboriginal decent.

Edited April 23, 2010 by Ali G.

[w¡n9Nµ7 §£@¥€r 123]

By they way, we don't call people natives. We call them Australians of aboriginal decent.

Suddenly, he is PC.

[Ali G. 37]

Suddenly, he is PC.

JohnSmith (aka spook 2.0) is a noob here so I will toy with him a bit. It looks like he wants to head down the wealth / credential road, and you know how much I like that.

He did say something about installing, which means peasant.

Edited April 23, 2010 by Ali G.

[w¡n9Nµ7 §£@¥€r 123]

JohnSmith (aka spook 2.0) is a noob here ...

No, he isn't. He's an old poster who has had his original ID disabled and is now busy manufacturing another identity.

[Ali G. 37]

No, he isn't. He's an old poster who has had his original ID disabled and is now busy manufacturing another identity.

Aaaah, so that explains the BS inconsistent (ever changing) story. His first mistake was bringing up mining. Companies I have about $xxx,xxx invested in.

Edited April 23, 2010 by Ali G.

[spookyturtle 9,465]

Australia 8th-richest: IMF

TIM COLEBATCH

April 23, 2010

AUSTRALIA has vaulted back into the top 10 of the developed world's rich list, the International Monetary Fund estimates, because it survived the global financial crisis while others went under.

New IMF estimates of global output rank Australia the eighth-richest of 33 countries it classifies as forming the developed world. It is the highest ranking Australia has held since IMF estimates began in 1980. The 1982-83 recession kicked us out of the top 10, and since then we have made it back only fleetingly.

British economic historian Angus Maddison estimates that 100 years ago Australia was the world's richest country, living off lucrative exports of gold, wool and beef.

But as the gold ran out and manufacturing became the main driver of global wealth, Australia sank to 17th in 1991.

It had climbed back to 12th by 2008, when the financial crisis began. In 2009 Australia was the fastest-growing developed country. Its growth was just 1.3 per cent, but 30 of the other 32 went backwards - and we overtook Austria, Canada, Iceland and Ireland.

The IMF projects that by 2013 we will climb to seventh, overtaking the Netherlands. But the top six include Luxembourg, Singapore and Hong Kong, where GDP is swollen by multinationals attributing their income to countries with low tax rates.

Those three aside, Norway is the developed world's richest country, thanks to its oil and gas exports, followed by the United States, Switzerland, the Netherlands and Australia.

But in the long term most Western countries can be seen as riding bunched close together. It is not clear yet whether Australia is breaking away from the pack.

This year, the IMF estimates, Australia will be operating closer to full capacity than any other developed country.

It urged the government to consider ''reforms to entitlement spending, increases in consumption and fuel taxes, and elimination of distortions that lower private saving, foster leverage and boost investment in real estate.''

Link?

[w¡n9Nµ7 §£@¥€r 123]

http://www.smh.com.au/business/australia-8thrichest-imf-20100422-tfvk.html

[Ali G. 37]

I was looking at some old posts from MS07, he was here during the SVRT days. Maybe he's not that bad after all, as he did have some logical posts.

[spookyturtle 9,465]

http://www.smh.com.au/business/australia-8thrichest-imf-20100422-tfvk.html

Where is the top 10 list?

[Ali G. 37]

Link?

IMF = International Monetary Fund

Based out of D.C.

[w¡n9Nµ7 §£@¥€r 123]

I was looking at some old posts from MS07, he was here during the SVRT days. Maybe he's not that bad after all, as he did have some logical posts.

You and him were often on the same side of issues back when he posted under a ID that had his real name.

[Ali G. 37]

Where is the top 10 list?

SMH is the largest paper in the country, it's not some basement website.

You and him were often on the same side of issues back when he posted under a ID that had his real name.