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Clive Palmer says he does not care if he loses another $100 million if he fails to get people from his party elected.

During the last election, Palmer spent $100 million, and only had senator Ralph Babet successfully win a place.

“My vested interest is in with this country and with the people that are here. I’m not standing for election, you know, I’ve got nothing to lose. I could lose another $100 million dollars out of this election. Well, that’s okay, but I think democracy is important,” he said.

Palmer said his decision to launch a party and engage with the media “is my golf”.

“The point about it is, we’re Australians, and you know, to be happy in this life, I found you need to have a woman that loves you. Lucky I’ve got that, you need to have a good meal and a nice, comfortable bed. Everything else is an illusion. It’s like playing golf,” he said.

“This is my golf, at 70 I could join many Australians and play lawn bowls. I find this more exciting talking to you than playing lawn bowls.”

Asked what was happening to his plans to build a second Titanic ship, Palmer said he was still working to get that underway.

“[The company] who built the original Titanic, went to liquidation six months ago, so we’ve now got to find another shipyard to do it,” he said.