Australia records biggest income decline in the developed world, page-45

There is only one figure to watch and that's the debt to gdp ratio, everything else is to divert attention.

Australia 45%, comparable economies over 100%, until we reach near 100% pain will continue to be inflicted on our economy via debt burden imposed by the IMF, bankers et al. There are so many examples how they will achieve this.

Based on that as a nation we MUST (and will be forced to) become poorer overall (from where we are), no if's no but's and every economist knows that, as do governments and the RBA, they are complicit in hiding the simple basic truth from the populace. It's an equation where the inputs are manipulated for the output to reach equilibrium.

Best advice is to prepare for harder times time ahead regardless of governments in power, they don't care about your plight, they are the cause of your plight!