Thank you for your no-nonsense presentation. It's refreshing these days to hear something other than bullcrap from politicians who think we're too dim to figure things out.
This is how it works. The Dow Jones is an illusion. So is everything else that you measure with dollars. If you print trillions of dollars and throw it out the window, you dilute the currency SO MUCH that you need more dollars to purchase a single share of the Dow which is falling just a little slower than the dollar. Relativity my friends!!! If you measure a mile if cm rather than inches, you'll get a greater number. What is the value of the Dow in 1913 dollars?
There was a BIG gun amnesty back in 1996 when Martin Bryant ( google his name ) went nuts and killed about 30 people. Gun laws changed forever after this event.
As for the middle class in the U.S., we are SICK SICK SICK SICK of the bailouts!!! Our representatives, however, aren't listening to us. They are only looking out for their int'l and corporate elite friends, and throwing a few crumbs to the poor to make it look like they care. I think you will see some major upheavals in the next election of 2010.
Economic conditions are improving so rapidly that the G8 are developing their stimulous exit strategies. There will be no crash, depression or $2000 gold.
Pull your head out of the sand. US jobs are disappearing at 500,000 a mo. Alt-A and Opt-A Mtgs will start defaulting in 2010. Commercial is collapsing now. There is no new technology or industry in the wings to promote growth. Other economies that depend on US are going to have problems. The bailout exit strategy is about exiting unsustainable spending. They will need to engineer a soft landing but this does not mean they are in recovery. They simply cant spend any more money on bailout.
The market is being manipulated by all the missing money the Fed created for Tim and Obama IMO. Amazing what you can do with trillions of dollars. Tim is from the IMF. Now everyone is buying IMF bonds with US treasuries. I wonder if there is a plan for the IMF to protect the US. We need to keep an eye on the IMF and the Federal Reserve and Tim/Obama. Any other ideas how they may be manipulating the market and the end game?
I think I'm going to buy some kilos of gold when the pull back happens after the funds exit their gold position out of short term thinking. This next pull back might be the last time we talk about cheap gold and silver...
Hi MSS, Yes I am embarrassed too having krudd as our PM. Unfortunately many people don't understand giving away free money has consequences. There's no such thing as a free lunch. Keep up the good work and the great vids!
I don't really understand how the dollar has been able to maintain its value. I was told that one US dollar is equal to eight mexican pesos, or some amount to that effect. How's this possible?
could be the worlds great mystery, but I think its got a lot to do with countries and businesses using the us dollar to do business - eg by oil. Also, China and Japan still buying debt,.
If the Fed and JP Morgan weren't manipulating the price of gold and particularly silver downwards to protect the dollar,then everyone would flee the US dollar and pile into gold and silver when it goes up,but when inflation starts(which it seems it already has) people will start getting out of the dollar and bonds for commodities,and when the yields on bonds get too high,the interest rates on mortgages increase,and that's going to crush the US banks when foreclosures start to skyrocket again
I think less likely this time than back then, as back then the dollar was fully backed by gold, and deflation was the problem because gold was leaving the country and so less and less notes could be printed as the gold in the treasury was diminishing,and so gold was needed immediately so they could print paper notes which were backed by it, but this time they neeeeeed inflation to inflate away the massive deficit debt, and a gold backed currency now won't let them inflate
yes there will be. That is what worries about all these people buying gold. Supplies are much more useful. Gold is like a diamond, it only has value because people have been told to believe its valuable when deep down its just a colored rock. I am thinking silver might be a better investment but that is my opinion.
Alt-a and option ARM mortgages will be increasingly resetting to higher interest rates up from their 'teaser' rates from from now into 2010 and 2011, these mortgages are worth 1.7 times the subprime mortgages that failed recently, this wave will be bigger than the last, and that doesn't include commercial realestate...and don't forget higher unemployment too...not looking good for the US banking system considering their struggling to clear all the properties they have already foreclosed
you are about the only person I trust with your information. A lot of people seem to be coming from a fear based reality.I cant trust people like that with info. thanks mss !
Get ready for the "new normal". Higher taxes, higher prices, and higher interest rates to pay for it all. "All" being the interest on Government DEBT. Keep up the strong wurk MSS
I am with you mate and have been from the start of this slide. Love your vids.
I have the bail outs, the sheople think we are getting money for free ($900) but it will have to be repaid with new taxed + interest. I also think the carbon tax is mainly for the electric car when the oil drys up. So when you plug your car in at home they still get their excise + GST.
Nicely done. I've been a gold bug for years. My father-in-law, who believed in the market and built himself a respectable portfolio of $200,000 US, admitted his investments are in the spittoon - and that the investments of everybody he knows are also in the spittoon.
If only I had the money to buy a few ounces of gold and a troy scale. I think that events will occur faster than you expect with crises to strike heavily - but we'll see if I'm right.....
What is going to happen to Japenese Car Companies when the Bankrupt American car companies start selling their cars at half price maybe next year? Don't you think this will bankrupt other manufacturers?
Any one who says inflation has not hit yet is a b.... fool, it might not have happened in the Aussie Land, but it is certainly here in Canada. Gas is over $1.05 per litre; one only has to go to a Supermarket to realise that his $100 does not go very far.
The US bailout is certainly taking us all down with them and we are all in for a free fall.
But the sad thing is - we have not even seen the beginning of the decline!
for there to be inflation you need velocity in money...we have no velocity, money is not 'sloshing' around...hence, deflation is the game of the day for the foreseeable future...inflation is a good 18-24 months away.
You mean hyperinflation? Inflation is already here, look at gas price, food price (same price but smaller quantiy in the package), food price at resturants (smaller portion same price) ...
For there to be inflation there needs to be: velocity of money &/or currency devaluation. The velocity of money is dead due to the derivatives black hole. However, currency devaluation has only started. Russia said it's going to move out of US treasuries & into IMF SDR bonds. This is huge. The SDR (based on basket of currencies) will be the new reserve currency & once the IMF officially implements these bonds the US dollar will sink to the level of the other currencies in the basket.
Tax revenues are way down in the States and in France, here, too due to job losses and layoffs. Still, I am busy here in France and my investments are not doing too badly. Will share this widely, this video.
It is a strange world from the american perspective. Before this crisis I joked around about all the idiots in credit card debt saying, "our money is worth so much we can't afford to have it." The banks have constantly robbed the average american over and over. The only good thing is at least I havn't gotten another damn credit card application I didnt' want sent to me in the mail lately.
Here in Britain another building society went bust yesterday, and one more went today, todays get gov money, the other smaller one does not, and LDV vans has gone kaput, as the Malaysian 'resue package' never materised, well well well, wasn't that a surprise, not.
good video as usual, but I wish u can elaborate on the point that " you can not read the market by following the economy", and I think we have seen that in the last 6 month. although everything u are saying is true and will eventually be reflected in the market.
Thanks Myspacesecrets. Appreciate your insights, sharing and for the addition updates/info on forcastfortomorrow. You're still getting the message out to new people everyday. Keep up the great work. :)
By the skillful and sustained use of propaganda, one can make a people see even heaven as hell or an extremely wretched life as paradise.
Adolf Hitler
Too bad you couldn't get on main stream to talk some sense into the masses. This is what we pay politicians millions of dollars to do. 1971 Gold window ends, world reserve becomes pure fiat. Nixon should have been shot not pardoned, look at the mess the globe gets now.
of course there is more chinese millionaires you would assume this because of a population basis australia as 20 million china has 1.2 billion. The difference atm is in general australia has a higher standard of living. Like i said atm things could change at any time.
What's incredible is governments around the world propping up world reserve without any backing to the currency.
Gold, Silver is money because its value paid in full, US Fed Note is a promise to pay and is a liability. Endgame, mass starvation of the world's population.
I believe that your on the money. I wonder about our future even in Australia. I heard Havey Norman describe Australia as the retirement village for China. Pretty much all we will be good for besides our wealth in the ground. I hope that our wealth is not taken by force if the world collapses. Love your work. I should mention that business in Sydney particular the domestic construction work is dead. Have fun.. keep smiling. Now is the time for great opportunity if you look.
I sure wish you could expound on that very last sentence a bit! I'm a hold out for the psychology of survival. I believe the answers are there but I don't know the question and...the solution to any problem lies in asking the right question(s).
I'm against the bailout, along with every other person with whome I've come into contact. They go against everything we've been taught growing up as kids, and there's no difference here.
Thanks for the update. Can you say by what actual mechanism the yields on the 10 and 30 year US treasuries are forced up. I know the mantra 'price don and yield up' but don't understand how the market controls this and not the Treasury.
Thank you so much for sharing! I just put the issues together... Bailouts Stimulus For Wallstreet Bernanke Hiding The Recipients Supreme Court New Rules FEMA camps get stimulus money Will the FED be audited? Big Brother... NLE 09 Phase 6 of Swine Flu ready to go Mandatory vaccinations or pay a fine? Police State Greed and Power
MSS, what is your unemployment situation down there right now? Is it anything like ours? I figure our real unemployment number (workers without full-time work) is about 16% right now.
australia unemployment figures came out today 5.7% now like america its also masked by underemployment and other such things i figure unemployment is around 8% or there so. You can get a job here like i said part time or casual no worries but it wont be a dream job :)
Lisa, we may be in better shape at the moment but I suspect we are lagging behind the US collapse by 12 or so months. Australia economy has also been riding on the housing bubble, so the economy here will also collapse when housing prices are no longer affordable.
I am an american and I'm against the bail outs, but its a little late to stop them now.
wolftreetree 1 year ago
Thank you for your no-nonsense presentation. It's refreshing these days to hear something other than bullcrap from politicians who think we're too dim to figure things out.
mmmbad 2 years ago
cool thnx for taking time out in the day to watch.
myspacesecrets 2 years ago
Thank you for the financial info, please keep up the good work. 5*****'s and please keep up the good work. Peace.
B1N4RYGH0ST 2 years ago
This is how it works. The Dow Jones is an illusion. So is everything else that you measure with dollars. If you print trillions of dollars and throw it out the window, you dilute the currency SO MUCH that you need more dollars to purchase a single share of the Dow which is falling just a little slower than the dollar. Relativity my friends!!! If you measure a mile if cm rather than inches, you'll get a greater number. What is the value of the Dow in 1913 dollars?
FCKEVRY1 2 years ago
well done for saying the truth
pomplumber 2 years ago
everybody has a choice if u got no chioce the chioce is certain.
pixovilson 2 years ago
they allways have.
pixovilson 2 years ago
This has been flagged as spam show
they have the answer
pixovilson 2 years ago
Comment removed
pixovilson 2 years ago
exactly thats why gold and silver are good investments.
Some Grocery Stores in the US are Accepting Gold/Silver for Food Purchases...wow.
myspacesecrets 2 years ago
do you boys down under still have your guns?
majesticteam12 2 years ago 2
There was a BIG gun amnesty back in 1996 when Martin Bryant ( google his name ) went nuts and killed about 30 people. Gun laws changed forever after this event.
MonkeyInAHumanSuit 2 years ago
No many guns, only rifles - with limited shots - no self loading - only bolt action
PlatinumGordon 2 years ago
very few.
ZionistCensorship 2 years ago
No..
scorpiusaries 2 years ago
Hi I just found your page....where do you see the Oz housing market headed? I am guessing a 40% drop from peak...ala Steve Keen.
ShaneChiswick 2 years ago
email is stacked up again. Will answer my emails tonight. Thanks for you patience everyone.
myspacesecrets 2 years ago
As for the middle class in the U.S., we are SICK SICK SICK SICK of the bailouts!!! Our representatives, however, aren't listening to us. They are only looking out for their int'l and corporate elite friends, and throwing a few crumbs to the poor to make it look like they care. I think you will see some major upheavals in the next election of 2010.
Rockerchic4God 2 years ago 4
Economic conditions are improving so rapidly that the G8 are developing their stimulous exit strategies. There will be no crash, depression or $2000 gold.
taineasy 2 years ago
taineasy, you're joking right?
JP5466 2 years ago
Yeah, Just kidding. If they pull out the stimulous now things will go south even faster.
taineasy 2 years ago
Pull your head out of the sand. US jobs are disappearing at 500,000 a mo. Alt-A and Opt-A Mtgs will start defaulting in 2010. Commercial is collapsing now. There is no new technology or industry in the wings to promote growth. Other economies that depend on US are going to have problems. The bailout exit strategy is about exiting unsustainable spending. They will need to engineer a soft landing but this does not mean they are in recovery. They simply cant spend any more money on bailout.
Bassmarko 2 years ago
The market is being manipulated by all the missing money the Fed created for Tim and Obama IMO. Amazing what you can do with trillions of dollars. Tim is from the IMF. Now everyone is buying IMF bonds with US treasuries. I wonder if there is a plan for the IMF to protect the US. We need to keep an eye on the IMF and the Federal Reserve and Tim/Obama. Any other ideas how they may be manipulating the market and the end game?
Bassmarko 2 years ago
I think I'm going to buy some kilos of gold when the pull back happens after the funds exit their gold position out of short term thinking. This next pull back might be the last time we talk about cheap gold and silver...
formulaprimer 2 years ago
buying gold is not dumb at all. Good for you.
myspacesecrets 2 years ago
LOL @ Panadol = para-acetylaminophenol
weilandjason 2 years ago
GREAT !
TruthNewWorldOrder 2 years ago
Hi MSS, Yes I am embarrassed too having krudd as our PM. Unfortunately many people don't understand giving away free money has consequences. There's no such thing as a free lunch. Keep up the good work and the great vids!
Pikers81 2 years ago
Another great vid, MSP.
psxwarrior 2 years ago
I don't really understand how the dollar has been able to maintain its value. I was told that one US dollar is equal to eight mexican pesos, or some amount to that effect. How's this possible?
psxwarrior 2 years ago
could be the worlds great mystery, but I think its got a lot to do with countries and businesses using the us dollar to do business - eg by oil. Also, China and Japan still buying debt,.
banksy35 2 years ago
If the Fed and JP Morgan weren't manipulating the price of gold and particularly silver downwards to protect the dollar,then everyone would flee the US dollar and pile into gold and silver when it goes up,but when inflation starts(which it seems it already has) people will start getting out of the dollar and bonds for commodities,and when the yields on bonds get too high,the interest rates on mortgages increase,and that's going to crush the US banks when foreclosures start to skyrocket again
mlndstream 2 years ago
Couldn't agree with you more. Do you think there will be a gold confiscation mandate like FDR pushed through in 1933?
Deutsche22 2 years ago
I think less likely this time than back then, as back then the dollar was fully backed by gold, and deflation was the problem because gold was leaving the country and so less and less notes could be printed as the gold in the treasury was diminishing,and so gold was needed immediately so they could print paper notes which were backed by it, but this time they neeeeeed inflation to inflate away the massive deficit debt, and a gold backed currency now won't let them inflate
mlndstream 2 years ago
yes there will be. That is what worries about all these people buying gold. Supplies are much more useful. Gold is like a diamond, it only has value because people have been told to believe its valuable when deep down its just a colored rock. I am thinking silver might be a better investment but that is my opinion.
EwakAmerica 2 years ago
Alt-a and option ARM mortgages will be increasingly resetting to higher interest rates up from their 'teaser' rates from from now into 2010 and 2011, these mortgages are worth 1.7 times the subprime mortgages that failed recently, this wave will be bigger than the last, and that doesn't include commercial realestate...and don't forget higher unemployment too...not looking good for the US banking system considering their struggling to clear all the properties they have already foreclosed
mlndstream 2 years ago
Thank you! I have been watching your videos for a long time.
Please continue!!!
Monavassia 2 years ago
wow, I just found myspace and wish I had found him years ago.
This kid has been helping me immensely!! This is the only channel
bigelkhorn 2 years ago
you are about the only person I trust with your information. A lot of people seem to be coming from a fear based reality.I cant trust people like that with info. thanks mss !
brendandylanmaloney 2 years ago
Get ready for the "new normal". Higher taxes, higher prices, and higher interest rates to pay for it all. "All" being the interest on Government DEBT. Keep up the strong wurk MSS
demensha23 2 years ago 2
thanks for you kind words and gratitude.
will do my best.
myspacesecrets 2 years ago
CHRIST almighty! myspace they have classed the swine flu as a pandemic now. LEVEL 6
DAMN! you are clever myspace!
Myspacesecrets right again!!
bigelkhorn 2 years ago 12
I HATE THE BAIL OUTS
PlatinumGordon 2 years ago 2
I am with you mate and have been from the start of this slide. Love your vids.
I have the bail outs, the sheople think we are getting money for free ($900) but it will have to be repaid with new taxed + interest. I also think the carbon tax is mainly for the electric car when the oil drys up. So when you plug your car in at home they still get their excise + GST.
PlatinumGordon 2 years ago
Dude your predictions are spot on & Very very accurate!!! simply amazing!!!
Can't believe it. Thankyou from the bottom of my heart you have help me, my relatives and family....you my friend are a blessing to all.
Keep up the great work. :)
illuminatikey 2 years ago 9
Show me the money!
capcom101you 2 years ago 3
California is in for a big shake up soon! Wonder what the Governator can do??
myspacesecrets 2 years ago
Nicely done. I've been a gold bug for years. My father-in-law, who believed in the market and built himself a respectable portfolio of $200,000 US, admitted his investments are in the spittoon - and that the investments of everybody he knows are also in the spittoon.
If only I had the money to buy a few ounces of gold and a troy scale. I think that events will occur faster than you expect with crises to strike heavily - but we'll see if I'm right.....
rkossover 2 years ago
fair shake of the source bottle mate !
mrchekky 2 years ago
What is going to happen to Japenese Car Companies when the Bankrupt American car companies start selling their cars at half price maybe next year? Don't you think this will bankrupt other manufacturers?
rocksiphone 2 years ago 2
Great Video
rocksiphone 2 years ago
thanks for watching!!
myspacesecrets 2 years ago
Any one who says inflation has not hit yet is a b.... fool, it might not have happened in the Aussie Land, but it is certainly here in Canada. Gas is over $1.05 per litre; one only has to go to a Supermarket to realise that his $100 does not go very far.
The US bailout is certainly taking us all down with them and we are all in for a free fall.
But the sad thing is - we have not even seen the beginning of the decline!
yaplonglong 2 years ago
for there to be inflation you need velocity in money...we have no velocity, money is not 'sloshing' around...hence, deflation is the game of the day for the foreseeable future...inflation is a good 18-24 months away.
rockthewalk 2 years ago
You mean hyperinflation? Inflation is already here, look at gas price, food price (same price but smaller quantiy in the package), food price at resturants (smaller portion same price) ...
Kelvin701Lakeland 2 years ago
For there to be inflation there needs to be: velocity of money &/or currency devaluation. The velocity of money is dead due to the derivatives black hole. However, currency devaluation has only started. Russia said it's going to move out of US treasuries & into IMF SDR bonds. This is huge. The SDR (based on basket of currencies) will be the new reserve currency & once the IMF officially implements these bonds the US dollar will sink to the level of the other currencies in the basket.
livefree1789 2 years ago
shit we are fuched p e but its ok at least we can try it
martialarm 2 years ago
inflation has started BIG TIME in calif .. everything is up but cars , washers, Big screens
aceyorba 2 years ago
Inflation has started here in Canada. All prices up.
BLynchCAN 2 years ago
as always, thank you for your reports. they are very helpful to many folks.
scutter4christ 2 years ago
Do you think there will be hyperinflation,when banks are hoarding $,and the $ is not trickling down to the consumer.You have my support.
meikagirl 2 years ago
Tax revenues are way down in the States and in France, here, too due to job losses and layoffs. Still, I am busy here in France and my investments are not doing too badly. Will share this widely, this video.
slobomotion 2 years ago
It is a strange world from the american perspective. Before this crisis I joked around about all the idiots in credit card debt saying, "our money is worth so much we can't afford to have it." The banks have constantly robbed the average american over and over. The only good thing is at least I havn't gotten another damn credit card application I didnt' want sent to me in the mail lately.
twylightsky2007 2 years ago
Here in Britain another building society went bust yesterday, and one more went today, todays get gov money, the other smaller one does not, and LDV vans has gone kaput, as the Malaysian 'resue package' never materised, well well well, wasn't that a surprise, not.
Puzzoozoo 2 years ago
good video as usual, but I wish u can elaborate on the point that " you can not read the market by following the economy", and I think we have seen that in the last 6 month. although everything u are saying is true and will eventually be reflected in the market.
ZZIBRA 2 years ago
The market and the economy seem to have decoupled!
slobomotion 2 years ago
Thanks for your information : ).
illinitop 2 years ago
Thanks Myspacesecrets. Appreciate your insights, sharing and for the addition updates/info on forcastfortomorrow. You're still getting the message out to new people everyday. Keep up the great work. :)
ChrmdLabradorite 2 years ago
thanks Labradorite! thanks for you kindness.
Just doing my best!! :-)
myspacesecrets 2 years ago
Love your videos! Five stars. Fave.
fal2grace 2 years ago
keep up the good work...
:-)
thesubmainman 2 years ago
Excellent Video!
I think Australia will be in a world of hurt when our real estate market bubble pops!
fox20012 2 years ago
yes 655, 000 people unemployed here...and I dont see the real estate market healing short term.
myspacesecrets 2 years ago
By the skillful and sustained use of propaganda, one can make a people see even heaven as hell or an extremely wretched life as paradise.
Adolf Hitler
Too bad you couldn't get on main stream to talk some sense into the masses. This is what we pay politicians millions of dollars to do. 1971 Gold window ends, world reserve becomes pure fiat. Nixon should have been shot not pardoned, look at the mess the globe gets now.
boots920 2 years ago
great video...I would also say that Don Harold's latest video is a strong one as well.
bondthewall 2 years ago 2
yea some great videos atm sludge report was really good as well.
charlie4114 2 years ago
The banking industry is legalized fraud
themeaningoflife38 2 years ago 4
I bet there are more Chinese Millionaires than there are Australians. Dont worry Australia will do well as the government sells it!
martialarm 2 years ago
of course there is more chinese millionaires you would assume this because of a population basis australia as 20 million china has 1.2 billion. The difference atm is in general australia has a higher standard of living. Like i said atm things could change at any time.
charlie4114 2 years ago
I know of two people that took a holiday in malaysia with Krudds so called stimulus package, just incredible no!
0urGaia 2 years ago
wow yes they haven't found solid evidence of this money going back into the real economy!!
very interesting about these two but....lol
myspacesecrets 2 years ago
What's incredible is governments around the world propping up world reserve without any backing to the currency.
Gold, Silver is money because its value paid in full, US Fed Note is a promise to pay and is a liability. Endgame, mass starvation of the world's population.
boots920 2 years ago
awesome myspace.
You were spot on with the crash, the failing economy, and the swine flu.
No doubt you will be right again. I love your work!!! thankyou for what you are doing!
bigelkhorn 2 years ago
Great video - I agree 100%
insertthissideup 2 years ago
I believe that your on the money. I wonder about our future even in Australia. I heard Havey Norman describe Australia as the retirement village for China. Pretty much all we will be good for besides our wealth in the ground. I hope that our wealth is not taken by force if the world collapses. Love your work. I should mention that business in Sydney particular the domestic construction work is dead. Have fun.. keep smiling. Now is the time for great opportunity if you look.
Mannie
mannie70au 2 years ago
I sure wish you could expound on that very last sentence a bit! I'm a hold out for the psychology of survival. I believe the answers are there but I don't know the question and...the solution to any problem lies in asking the right question(s).
Frequencitee 2 years ago
I'm against the bailout, along with every other person with whome I've come into contact. They go against everything we've been taught growing up as kids, and there's no difference here.
bdmock 2 years ago
Thanks for the update. Can you say by what actual mechanism the yields on the 10 and 30 year US treasuries are forced up. I know the mantra 'price don and yield up' but don't understand how the market controls this and not the Treasury.
DavidAKZ 2 years ago
lol love how u bagged rudd and his bullshit story.
ZionistCensorship 2 years ago
Ahhahaha 7:18 hahahaha!
Great going MSS!
merxen - power corrupts...
sudiin 2 years ago
merxen 2 years ago
Ah good, a rational voice.
odin422 2 years ago 4
love your work Mr MSS.
please never stop posting! 5 stars!!!
bigelkhorn 2 years ago 10
I will resist the urge to say........
LisaJ4Liberty 2 years ago 3
lol Totally understand!!
myspacesecrets 2 years ago
MSS, what is your unemployment situation down there right now? Is it anything like ours? I figure our real unemployment number (workers without full-time work) is about 16% right now.
LisaJ4Liberty 2 years ago
australia unemployment figures came out today 5.7% now like america its also masked by underemployment and other such things i figure unemployment is around 8% or there so. You can get a job here like i said part time or casual no worries but it wont be a dream job :)
charlie4114 2 years ago
Roy Morgan polls ... May 2009 Australian unemployment up 26,000 to 825,000 (7.4%)
Australian under-employment down 213,000 to 661,000 (5.9%)
Now 13.3% (1.486 million) Australian workers are unemployed or under-employed
0urGaia 2 years ago
Sounds like you guys are in decidedly better shape. And I'll bet your public and private debt is a lot smaller than ours as well.
LisaJ4Liberty 2 years ago
Lisa, we may be in better shape at the moment but I suspect we are lagging behind the US collapse by 12 or so months. Australia economy has also been riding on the housing bubble, so the economy here will also collapse when housing prices are no longer affordable.
0urGaia 2 years ago