What happens when petrol is $5 a litre, interest rates are 10% and your food prices are doubling? Just borrow more to pay off the bills. We are tied to the most corrupt hegemony in the history of the world. The US dollar. US is Trillions in debt due to geopolitical proxy wars, multiple financial crises, a corrupt federal reserve, another $1 trillion borrowed every 90 days. Gold doesn't go up (au$3345 atm) the fiat currencies of the world go down, they are being diluted by money printing and there value against gold is declining. I give it 12 months before the markets see a liquidity crisis and a crash. US notes and bonds wont find a buyer or be renewed and money printing will go parabolic. Australia would have been in recession but the lucky country imported 530,000 immigrants last year to stimulate the economy. How long is that going to go on? The burden on accomodation and infrastructure has not been addressed, I dread going into a capital city now. Yeh, things are looking rosey.
