Holden Closure Confirmed: Has Australia’s Housing Bubble Played a Role?

11 12 2013

Holden managing director Mike Devereux has today officially confirmed the closure of Holden’s manufacturing facilities in Australia. The company has decided to cease manufacturing operations at the end of 2017.

Today’s announcement puts at grave risk Australia’s entire automotive manufacturing industry as land man standing, Toyota and the dependant component industry is forced to evaluate if it can survive with lower economies of scale. Toyota is expected to announce a decision on its Altona plant early next year.

Yesterday, I explained the persistently high Australian dollar, caused by a bad bout of Dutch Disease was one driver of many for the decision to pull out of Australia. Australia’s automotive assembly plants need to produce more cars than consumed locally to remain at a competitive scale, but the dollar makes our exported goods expensive on an international market while reducing the cost of imported cars.

But, it wasn’t the only. As Alan Kohler hits on the head today, The price of land is [also] hurting Australia.

Australian’s demand high wages as the cost of living is un-sustainably high in Australia, namely the cost of put a roof over one’s head. Kohler writes :

The high price of land in Australia is one of the reasons businesses like Holden and Qantas are uncompetitive and the combination of several recent developments is making the situation much worse.

Australian house prices are already among the highest in the world, both in absolute terms and relative to income, and are now starting to rise rapidly again, especially in Sydney.

On many metrics Australia has some of the most overpriced housing in the developed world. Abnormally high housing costs is slowly killing Australia.

» Holden to stop Australian manufacturing in 2017 – The Australian Financial Review, 11th December 2013.

» The price of land is hurting Australia – Business Spectator, 11th December 2013.

Written by admin on December 11, 2013 – 7:33 pm  – Original Article: www.whocrashedtheeconomy.com

 





The Trans- Pacific Partnership Agreement – TTP = Economic Enslavement

21 11 2013

What does the Australian, New Zealand and US Government NOT want you…the citizen to know about TTP?

The latest proof of the Globalist plan for total economic imprisonment is available for scrutiny. Thanks to whistleblowers, the clandestine trade missions of international corporatists must contend with public blowback. Recently, WikiLeaks released the secret negotiated draft text, Secret Trans-Pacific Partnership Agreement (TPP), for the entire TPP (Trans-Pacific Partnership) Intellectual Property Rights Chapter. The TPP is the largest-ever economic treaty, encompassing nations representing more than 40 per cent of the world’s GDP. The TPP Agreement along with the Table of Contents and supportive documentation provides the evidence.

Original Article:http://www.batr.org/corporatocracy/112013.html





Someone Elses Country 1996 Documentary

17 11 2013

Someone Elses Country 1996

Someone Else’s Country looks critically at the radical economic changes implemented by the 1984 Labour Government – where privatisation of state assets was part of a wider agenda that sought to remake New Zealand as a model free market state. The trickle-down ‘Rogernomics’ rhetoric warned of no gain without pain, and here the theory is counterpointed by the social effects (redundant workers, Post Office closures). Made by Alister Barry in 1996 when the effects were raw, the film draws extensively on archive footage and interviews with key “witnesses to history”.

A DIRECTOR’S PERSPECTIVE

It is a quarter of a century since the New Right revolution began in New Zealand. New right ideology has become known as neoliberalism – a new version of an old idea of economic liberalism that says that society is best organised by free markets with as little government regulation as possible.

New Zealand was one of the first countries to be taken over by neoliberalism. Since then it has been forced on dozens of countries around the world. The result has invariably been a huge shift in wealth and power from the poor to the rich, and through “globalisation” to multinational corporations. By 2009 New Zealand ranked as the sixth most unequal society in the OECD and first in the world in the rate at which inequality had grown over the previous twenty years. In poor countries the cost of neoliberalism in human suffering has been staggering.

The political process of achieving the neoliberal transformation has been extensively studied. It generally followed two stages. The first was rapid and radical changes imposed from the top by neoliberal politicians and bureaucrats, justified by a real or manufactured crisis. Controls over financial transactions were abolished, publicly owned corporations privatised; trade unions were weakened or destroyed by labour market deregulation; wages and welfare cut.

The second phase was one of consolidation led by massive tax cuts limiting future government initiatives and leading to further cuts in public services and the power of government. Over a period of time peoples’ expectations of their governments were expected to diminish as they adjusted to the new reality.

It had been anticipated by New Zealand’s New Right revolutionaries, that by the early 2000s our values would have changed and we would have come to think like them, accepting poverty and extreme wealth as both normal and necessary. To pursue personal advantage and to care less about our neighbours. But studies show that in fact our values haven’t changed much from those of our parents and grandparents.

What is happening though, is that we are forgetting how things used to be and who changed them. Even as the human and environmental costs of the neoliberal experiment increase, we are finding it harder and harder to imagine how things could be better.

I hope you will find this film a useful antidote to forgetfulness.

19.11.2009

Original Post: http://www.nzonscreen.com/title/someone-elses-country-1996

 





The Biggest Scam In the History of Mankind

11 11 2013

http://www.youtube.com/watch?v=iFDe5kUUyT0

You are about to learn one of the biggest secrets in the history of the world… it’s a secret that has huge effects for everyone who lives on this planet. Most people can feel deep down that something isn’t quite right with the world economy, but few know what it is. 

Gone are the days where a family can survive on just one paycheck… every day it seems that things are more and more out of control, yet only one in a million understand why. You are about to discover the system that is ultimately responsible for most of the inequality in our world today. 

The powers that be DO NOT want you to know about this, as this system is what has kept them at the top of the financial food-chain for the last 100 years.

Learning this will change your life, because it will change the choices that you make. If enough people learn it, it will change the world… because it will change the system .

For this is the biggest Hidden Secret Of Money.

Never in human history have so many been plundered by so few, and it’s all accomplished through this… The Biggest Scam In The History Of Mankind.

http://www.hiddensecretsofmoney.com





Housing bubble talk close to record levels in Australia

31 10 2013

Written by admin on October 30, 2013 – 8:12 pm 

If you have landed on this page searching for information on the Australia Housing Bubble, then you are not alone.

According to a new CommSec Housing Bubble Index, there were 194 mentions of “housing bubble” in Australian Newspapers in September this year. This is just shy of 201 mentions last recorded in January 2003 when Australia’s housing market first entered bubble territory.

Original Post: http://www.whocrashedtheeconomy.com/





GCSB Bill Passes in NZ

22 08 2013

How will this Bill affect New Zealanders?  How long will it take for the Australian Government to follow suit?

http://www.scoop.co.nz/stories/HL1308/S00163/gscb-bill-passes.htm





Full Interview: Economist Ross Garnaut

24 06 2013

PUBLISHED: 02 JUN 2013 10:34:04 | UPDATED: 03 JUN 2013 05:06:57

Financial Review Sunday

http://www.afr.com/p/business/sunday/full_interview_economist_ross_garnaut_PA6Wf2Qr68TTNcOh2wSUCN