another big hit for the us dollar ...., page-10

Whats likely to happen in Australia when China turns the lights out on our commodity income is that our private debt will cause catastrophic level of unemployment and bankrupsies, Australia banks are the most exposed of any in the world to RE debt, all big 4 are near the 50% level of exposure to RE lending.

When this happens the government will be forced to bail out these banks, forcing government debt to rise exponentially . We will be left like shags on a rock as the tide of the commodity boom recedes . this is what happened to Spain, their crisis didnt come form government spending getting out of control but the income side of their balance sheet collapsing

http://blogs.wsj.com/economics/2011/12/09/eu-debt-story-isnt-simple-morality-tale/?mod=google_news_blog

Yet week after week we get this tripe about the US being reckless monetary measures, when in reality they are much better than us.

Dont buy gold to save you from US hyperinflation, buy gold because the AUD is about to collapse.