"USA is actually in fairly good shape, they took their medicine in 2008, Australia just kept on borrowing money to put into property"
The USA is not in good shape contrary to what you believe. There lies the biggest bubble in living memory ready to pop. The whole world will be affected when it deflates including world property and share markets. The fallout is going to be horrendous for all of us. And watch out for rumours of wars. Not going to be pretty.
