INVITATION TO USA CITIZENS TO IMMIGRATE TO ST ARNAUD

From the stats I have gleened it seems like your US government takes about 40% of your GDP in taxes as against 23.6% in Australia and we get annoyed, so I can see why your all totally annoyed about your government taxing policies. I must admit that I believe Australia must benefit from some of that tax grab and expenditure but 40% seems too high by far.

One solution for you young bucks who are not silicon valley types is to consider moving to Australia as I also promote St Arnaud Vic 3478 a western Victorian country town which during the 1860′s produced an estimated 360,000ozs of gold, most of which was derived from one large mine. The Lord Nelson mine produced an estimated 320,000ozs of gold to a maximum depth of 786m. Most of the other mines did not extend beyond 200m depth, and very little exploration has occurred at St Arnaud beneath 200m. And it was high grade per ton of dirt.

So I have self appointed myself as unofficial King, ambassador and immigration minister of the region to try entice new exploration and new residents to come live in this great little town. Mind you the town which never floods is surrounded by millions of acres of grazing pastoral holdings needing young new farmers to take over before others move in. So I hearterly invite interested parties to have a closer look on google and internet sites showing history of the town of approx 3000 people and every major Australian bank still has a branch in the town should tell you lots about the underlying prosperity in the town.We have farming and silo manufaturers needing new blood to take over and expand manufacturing. Why not, it Ted of Everything Attachments can do it why not in Australia….so if you getting sick of all the BS…. come right over and come and have a look see….

I’ll even give you a free room  for a week in one of our 112 year old hotel buildings in St Arnaud not modern. but sure high n dry. There is even a modern motel business for sale in Town …lots of opportunities for the positive thinkers and workers in the US of A and we speak the same language….

and have I forgotten, we even have the largest Turkey hatching, raising and Turkey bacon processing businesses in Australia located in St Arnaud in Victoria.

Mining History

With the discovery of alluvial gold at St Arnaud in 1855 the quartz reef outcropping source was quickly located. By 1860, 47 hard rock mines were in operation. Most of these initially closed at 60-90m in depth, due to either problems with handling the ground water or that sulphide-rich ores were encountered which could not be treated with the simple gravity technology used at that time.

As these mines, which were located on small leases, were closed in the late 1850’s and early 1860’s the leases were quickly consolidated into larger groups and reopened under new management when sufficient capital was raised to purchase the pumping equipment to support these larger claims. These new entities then produced until the sulphide content of the ores caused either closure or further amalgamation. Specialised sulphide treatment plants were established later and sulphide concentrates yielded up to 50g/t Au.

Several lines of reefs were worked and were known as the West Field, Bristol, New Chum, Nelson and East Field lines. The West and East Fields were of minor importance. The Bristol line was 1.5km in length and was worked to a maximum depth of between 90 and 240m in five mines. This line had the richest alluvials associated with it and the upper part of the Bristol mine produced at a similar grade and tonnage to the Lord Nelson mine further east.

The New Chum line was followed over a strike length of 750m and worked to a maximum depth of 240m in three mines. This line had four parallel reefs. The mines were reportedly closed due to the difficulty in treating sulphide ores.

The Nelson line produced the most gold and was worked over a strike length of 3.2km and to a maximum depth of 685m in the Lord Nelson Mine. In total, 21 mines were in production on the line. Individual reefs were worked over widths of between 0.75m to 7.3m. The Lord Nelson was the only mine to produce from sulphides ores below a depth of 120m. This mine produced from up to 10 parallel reefs over a period stretching from 1856 to 1916. This production came from a 240m strike length of reefs within one mining lease.

AMERICA IS AT THE CROSSROADS

TAXATION IS THEFT there is no doubt,  however.

There are two ways the USA government can get out of the world’s current economic woes and the first is through Higher taxation to implement the Obama Jobs program which in turn will save the jobs and incomes of many people and the rich the value of their assets they wish to preserve” …this statement I can explain better at another time or post. If the USA Congress does not permit higher taxes then the only other way is to print more money thereby causing inflation of your financial assets. I recall Milton Friedman saying that Inflation is also taxation without legislation. These are all true and i still accept them to be true today.

There are only three basic options, 1. Increase taxation so a not to increase too much credit, 2 Print more money and create inflation OR 3 GO BROKE, TOTAL FINANCIAL RUIN and cause EVERYONE except landowners without loans to lose everything. The wealthy shareholders and financial instrument owners will mostly lose everything, most insurance companies and savings and loans will fail, and so will many big and small businesses. At this stage ONLY CONGRESS can decide which way it wants to go to keep Americans as they are now or create total civil unrest. No matter how dishonest former governments have been…is now irrelevant…and not worth arguing about how we got into this great pickle…In my opinion …the biggest question is how does the western world ride out of it in the smoothest possible way.

There is little purpose in blaming the past generations and politicians or even current politicians about how we got into this GIANT MESS..we have to think of the greater good and tell your leaders to CO-OPERATE & NOT ARGUE during these delicate very difficult times. In America you seem to have too many hot-headed egotistical leaders selfishly thinking and worrying about their next election results and not putting their heads TOGETHER in a true spirit of co-operation for the greater good of not only your own nation but also Australia and Europe. The Asian countries can look after themselves and are also helping us believe it or not indirectly. From Gillysrooms in Australia

Reply

RBA to have a Representative in China

Representative in China

The Reserve Bank of Australia has issued a Media Release today to advise it is establishing representation in China. An office, located within the Australian Embassy in Beijing, will begin operations in mid October and will assist in the Bank's ongoing monitoring of economic and financial conditions in China. It will also help build relationships with various government agencies and private entities. I certainly hope the Chinese government do not view this move as a spying attempt.

The office will be headed by Mr Ivan Roberts. Mr Roberts speaks Mandarin and
has authored a number of papers on the Chinese economy. He is currently a senior
economist in the Asian Economies Research Unit and has had a number of other
roles in the Bank's Economic Group.

On a much more important note, does anyone know how much of Australian Super funds is invested in the American economy and if we have any RBA representative in Washington to monitor the risk profile of those funds while the American Congress stuff around with their own taxation and debt management problems.  Diplomacy is one thing, but when so much money is being put at risk by economical inept elected polictical members of the American Parliament, surely our own RBA could be our representative to help protect our retirement funds by offering an apolitical view of where they may be going wrong.

Sometimes outsiders can see the problems far better than insiders who believe they have to pander to so many voting groups to deliver what they want instead of what they need. Refer to my other blog on my agreement with Warren Buffett that taxes must rise urgently....and in my view to save the value of capital in the stockmarkets...

What do our economic experts think of my opinions?

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Chinese Government.

TAX INCREASES IN USA WOULD KEEP WEALTHY RICHER LONGER

First let me state that I was amazed a few weeks ago when I saw American politicians in deadlock and wait to the very last minute before passing a treasury bill to ensure their debts would be paid on time. That i saw as being totally irresponsible on the part of all the legislators in their Congress...despite that I don't really understand their system. Then if media reports were correct...they went on holidays before passing a Bill to allow payment of wages for their Airport staff...another big confidence blooper.
Now it seems that Obama wants to increase taxes on the rich to help reduce deficits and pay for Medicare for the poorest in their society of which I would say the percentage would be substantial compared to Australia. Apparently there are many are ramifications for private insurers so i cant analyse the issues appropriately. My comments can only be a superficial analysis of cause and effect of taxing the rich.
The American politicians against increasing the taxes of the rich are actually assisting the rich in becoming poorer as we speak .... just as the Greek government in refusing to increase taxes has debased their own currency into default mode. Are the wealthy and middle classes richer or poorer when their stock market collapses and banks wont lend to them ? 
The same applies in the USA .....the answer is to increase taxes of those that can pay so that will help keep the value of all their assets from collapsing to Nil. The ramifications are horrendous if the American politicians don't think outside the square and worry too much about their own political survival. The Congress members themselves should be able to explain the real wealth benefits of increasing income taxes to protect their constituents assets would be a compelling argument surely.