PPRuNe Forums - View Single Post - Aviation sector on brink of collapse, Gary's not happy either
Old 10th Feb 2014, 07:39
  #13 (permalink)  
nomorecatering
 
Join Date: Jul 2003
Location: Oz
Posts: 904
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I think the writing is on the wall for Oz.

By the end of 2017

All automotive manufacturing and associated support industries will have ceased to exist.

The majority of farmers will have walked off the farm as the major supermarket chains increase their imported stock lines to almost 100%.

Any other manufacturing in oz will be on its last legs in the face of cheap imports.

The Chinese will be buying almost all their raw materials from Brazil.

The AUD will plummet to close to 40 cents US, the federal gov will hike interest rates massively to try to stem the fall.

Within 15 years of 2017 the federal government will be effectively bankrupt as the tax base from GST and PAYE tax falls to 20% of the 2014 revenues at the same time centrelink payments balloon 1000%

The various union movements still cry out that they have secured the best conditions in the world. They will be correct, for the 3 people in Australia that still work.

I think we all have to get used to the idea of tough times ahead.
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