Home loan applications hit 9 year low in Australia for June 2010- Get out of debt Now !!!

[AussiePatriotsParty]

Great video full of truths..

[cityslickeroz]

@AussiePatriotsParty THANKYOU

[Tanarus20]

why "Get out of debt now"! Not that i'm in, or saying it's a good thing. Just wonder why people always say that.

[AussieAustrianBlog]

I agree that govt grants only help encourage malinvestments. But can you clarify what you mean by "deflation"? Are you refering to a contraction in the money supply or falling prices/price deflation? People often get the two confused. I believe that deflation and falling prices are likely in many economies, however, in the long term it is inflation or hyper-inflation that are the ultimate outcomes, ie Argentina. This is because central banks will resort to inflationary monetary policy.

[cityslickeroz]

@AussieAustrianBlog Hi hyperinflation in Australia would lead to higher interest rates which would in turn deflate or crash the property market cheers

[lanjoseph]

Go4loans encourages Australian first home buyers to get home loan options with maximized LVR at most nominal rates as compared to any other mortgage broker.

visit: go4loans.com.au

[1serasera]

Work it out. Record debt levels in USA and record Sovereign debt in Europe, this is hitting credit markets, banking systems everywhere. Get ready for the Apocalypse!!

[manosblim]

City Slicker,

would great to hear your views on investment strategies during the financial shit storm that is about to hit Oz.

[cityslickeroz]

Hi Manosblim, I don't profess to be a financial adviser and just giving my views on what I think is coming. Personally I'm holding a mix of currencies right now. Cheers

[njc67]

Some one forgot to tell us commercial property has crashed. The For Sale signs are slowly appearing for residential property in Sydney. Housing prices are coming down slowly as are rents in some parts of Sydney. I think we're bordering on the too late to sell mark. No talk of the GFC, that's scary cause it hasn't gone anywhere, don't know who keeps saying the GFC is over, unless GFC Stage 2 will be called something else? Australia will get punched real hard. Cool vid stylish too. Thumbs up 4 ya.

[cityslickeroz]

Thanks mate, our media does not report the truth . They dumb us down with feel good stories, loads of sport, plenty of alcohol and the most number of poker machines per capita anywhere in the world. No wonder aussies have been slow to wake up to the new reality.

[itubeutude]

who you voting for cityslicker?

[cityslickeroz]

I think Gillard will be the pin that bursts the bubble if she wins and liberals will cut back on spending which ultimately have the same result. As a nation private mortgage debt is 1 TRILLION DOLLARS ..... Funny how neither party wants to mention this apart from the liberals via Barnaby Joyce- The crash is unavoidable and it's too late to prevent it now, it's just a matter of when and what will set it off.

[njc67]

@cityslickeroz Gov debt + mortgage + credit card > 1.3 trillion bucks. U.S is about to dip down further, China has significantly slowed as it has been since 2008. Australians look like they don't know what's about to hit them.

Irony, when we both hope we are wrong.

[itubeutude]

@cityslickeroz Gooliah will just borrow and spend like a drunken sailor if GFC 2.0 comes along. They figure it worked the first time so do it again. Who know what abbott would do. That guy is scary.

[AussieAustrianBlog]

@cityslickeroz The bubble will burst when the growth in the money supply/credit expansion begins to contract alot. Usually this is tied in with significant RBA rate rises, leading to a contraction in lending by commercial institutions etc. P.s. it's good to see some Aussies out there posting video blogs on economic issues which are different from the mainstream propaganda.

[cityslickeroz]

@AussieAustrianBlog thanks

[MilitiaHQ]

Great vid, yep theres gonna be alot of people burnt big time in Australia yet so many people i talk seem totally oblivious to whats coming, i would love to buy some land myself but im gonna sit back another year or 2 and see what developes.

[cityslickeroz]

Thanks, no point buying over priced anything let alone land. Nice channel you got, I'm praying things don't get too bad.