Ausbuy

Spread The Word

July 22nd, 2007

We need your help

Australian commerce is in serious trouble. This is an inevitable situation for any person, company or country, which continually spends more than they earn. For over 25 years Australia has earned less than it has spent in relation to the rest of the world. The balancing item for Australia’s increasing debt is more and more foreign ownership of our key industries. If we don’t fix our trading losses, we can’t stop foreign owned companies from buying our best resources. As over 80% of our trading losses relate to interest, dividends, etc; ownership does matter. It is only when Australians en masse change their spending habits, that our bureaucrats and politicians will follow our lead. Thus, we can only secure jobs for our kids by firstly changing our own purchasing attitudes and behaviour.

Australian owned companies need our support, simply because if we as Australian’s don’t support them nobody else will.

If every Australian

Changing buying from foreign to Australian would save $46.8 billion. 18 million Australians at $50 per week = $46.8 billion. For example, if you buy a bottle of Perrier mineral water at least 85% of the cost will end up overseas, with a small amount staying for the Australian labour required to get the product to the cash register. If Australian mineral water is bought, then it will be Australian water, Australian bottle, Australian labour, Australian profits with almost all the money staying in Australia.

The accepted figure used by the Government sponsored ISO offices is that for every $1 million of orders placed in Australia, 30 full time jobs are created, this rate is conservative. Example, if an engineering business in a town gets a contract for $1 million of work then much of the wages paid to the staff will be spent in the town, thus creating other jobs. This is called the multiplier effect .

Using the conservative rate of $1 million of Australian purchases creates 30 full time jobs, then $1 billion creates 30,000 full time jobs. The money saved of $28 billion at 30,000 jobs per $1 billion means we create 840,000 new full-time jobs, but let’s say conservatively 500,000.

So if every Australian redirected just $50 per week from foreign owned and made to Australian owned and made we would

• Save at least $20 billion a year on our current account deficit
• Create at least 500,000 new full time jobs

Ownership of Australia

Over the last ten years all Governments have funded growth and employment by selling off the country. Clearly the only foreign investment that should be allowed is that which is in Australia’s national interest. It should be investment which is added to our wealth, not just the takeover of existing businesses. Australia has the largest per household foreign debt in the western world. The sell-off of our companies must stop.

Foreign Debt Fewer Jobs

“I believe we’ve got to stop just being passive observers of this growing problem. We have to take action and get involved in bringing about a solution to the problem. If we don’t get our foreign debt under control, we might as well accept that we will become a branch office country with the skilled jobs, like IT, being sourced overseas.”  -  John Pym

Aussie, Aussie, Aussie

“Are you a proud Australian? Do you support the green and gold?
Want to keep Australia strong and stop it being sold, give our kids a heritage of which they can be proud. Help our farmers come back from underneath a cloud. When you take your trolley out to do your weekly shop, look around for labels with the AUSBUY logo.”  - Bob Carruthers

These are Uncategorized! no comments.(View comments) Tell a friend

Sorry, but you can't comment on this article.
Please voice your opinion in the categories Ausbuy Press or Hot press.