Apocalyptic 2022 Election Outcome, page-137

Hi Ben,
Not quite sure that they can do anything about our impending Debt Train Wreck:



https://australiandebtclock.com.au

The way we’re heading

Year………Aus. Current Debt… Interest Rate……Interest P/A

2022………….…$1.5 Trillion…….3.56%……….$53.4 Billion (actual)

2023……………..$1.65 trillion…..4.5%…………$74.25 Billion (est)

2024……………..$1.8 Trillion……5.5%…………$99 Billion…..(est)

2025……………..$1.95 Trillion….6.5%…………$126.75 Billion.(est)

Can we afford to pay $100 billion P/A servicing Government’s debt.

IMO, a flat no!

In this case, “She’ll be Right” simply wont do.

And folks, as we’re going , that’s the likely scenario

whether we get the Libs or Labor or a Bitsa, IMO.

This is why, IMO , that we need an entirely new mindset

with respect to Aus politics & economic/industrial planning

and our politicians like most of the hip pocket punters on these

threads are hell bent on running the country into the ground

while “I’m allright Jack” (they think)

You are an investor, Ben, and I'm sure that you are tuned into markets and
forward global economic prospects.......what do you think?

A guess as investors we can try to protect our wealth but how can
the Governments' protect their massive Debt?

PS Interest rate is based on curent 10 year Bond Rate & its prospects