Probably more important is who we are in debt to
If the RBA is simply printing money to pay it's debts it is in effect borrowing from Australians as the more money it "prints" the cheaper the peoples money becomes, which will show on the Australian Dollar value against other currencies, the car you could afford yesterday will be too expensive today
If we are borrowing from the World Bank the money can never be repaid as we are in effect selling the country to their octopus strangle hold
If we are borrowing money from China we are becoming a Chinese State
It is always better to save than to borrow from anyone
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- Whats the go with Aust debt?
Whats the go with Aust debt?, page-4
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