Economics lesson 102, when you have had almost zero interest...

Economics lesson 102, when you have had almost zero interest rates for almost 10 years and the young and inexperienced buy into the credit for everything for a lavish lifestyle.

And then Mr inflation comes along because of unforseen events ie pandemic closedown, bottleneck supply global issue, wars.

But still here in Australia we had the it's ok nothing to worry about, and then you have a climate agenda driven government in a time when we need the revenues from coal oil and gas, and you have ministers saying no no more mines allowed or drilling, only existing because the world is warming and the barrier reef is dying which it isn't, it's a lie.

Then by the start of 2024 Australia will be like what happend to the housing market in America in 2008. Which did happen because of too much credit.

And Unions calling for higher wages = people being fired= more unemployment= a large amount of people entering homelessness. And the rule is to get inflation down you need low wages and high rates, the ultimate tax upon the people for living on the credit.

Too far down the rabbit hole now, and it's going to get real steep real sooner than people think.

Then it will be a real recession like nothing Australian's have felt before.