Why You Shouldn't Listen to "Experts". And Australia, China & World Crisis (1 of 2)
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Uploader Comments (Growby10)
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All Comments (16)
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yeah, im australian if you hadn't realised in my previous post.
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Sure, but at least our bailouts went to the productive part of the economy... also with the baby bonus at $7000 its obvious the government wants us to increase our population quite a bit. And there are a lot of people coming in from overseas on work visas ... usually doing hard working jobs which has meant that our property market like in sydney has maintained considering there are a bigger demand on housing.
Australian bailouts arent anything compared to USA which went to banker pockets.
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oh wait whats that u want more proof??
well here u go u ignorent sheeple.
watch?v=YnXcw68uOG8
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u hit the nail on the head want proof of the $300 BILLION debt here it is
watch?v=ET8S06eKrj0
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I live in Australia, and I'm no maths genius, but we're projected to have a three hundred billion deficit(mainly spent on infrastructure, but with a few cash handouts for the people) in the next few years which we are expected to be able to pay off largely with our natural resources to asia(when alleged future demand returns?), but AUD$300,000,000,000 divided by 20,000,000 people is $15,000 of debt per person not including interest...uh oh...I've got a bad feeling about this
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Belated congrats on the wedding bro!
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It really a bigger pay out then the USA.
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Congratulations on your wedding!
thereallurker 3 years ago
thanks man!!!
Growby10 3 years ago
If you are able to make money on the decline in the stock market, be ready to put that money into hard assets ASAP before inflation wipes out any gains.
madcubano1 3 years ago
true...WHEN inflation get out of control. But in the mean time...we have massive deflation and wealth destruction. This may counter and/or delay the coming inflation (and dollar collapse)...it's a thought and i will be doing a video going into this more deeply...please stay tune! thanks!
Growby10 3 years ago