Peter Keith Schuback Of 191 Condor Drive Sunshine acres Hervey Bay QLD 4655 Ph 0408458232 – 0427971883 -0741248899 fax 0741248666 Email [email protected] In Australia one of the first industries to feel the pain of any economic down turn is the transport industry, if projects don’t go ahead or people stop spending or the building industry slows down the transport industry feels the pain first and foremost. In Australia the economy started to die in September of 2012 and it has only got worse over the period from then to August 2013. It will not improve under Labor or the Current leadership of the Liberal party, (Not many people trust Mr Abbott) People do not trust either of the major political parties to be able to bring our economy back on track without causing major pain to lots of people . And then we have the Problem of the mining industry slowing down and Chinas economy going off the boil and their requirement for our coal and base metals slowing down .Our mining industry is in trouble and lots of people are going to lose their jobs and neither party has a contingency plan Then we have America where states are going broke and they have a massive debt of one hundred and twenty three trillion dollars. And that has got to hurt. How much of their GDP goes towards paying off that debt. That along with major parties of Australia not having the guts to take on the oil industry , electricity industry , the major food retailers and the finance sector to stabilize prices the people of Australia are being dealt a large blow in their hip pockets I would think at the current rate Australia and the rest of the world looks like being in a major depression in the next five years and this one is going to be much worse than the earlier one because people are soft and had far too good for far too long . So brace yourself for a major hit. Get rid of any unnecessary debt and consulate your assets to ride this one out. You didn’t want to hear that but someone has to tell you the truth as I see it. Interest rates don’t drop to an all time low if the economy is doing well. Peter Schuback Senate Candidate for the Australia First Party 0408 458 232 Mineral and Mine Movers transport
Posted on: Wed, 07 Aug 2013 04:18:00 +0000
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