The Australian Economy is a House of Card, page-4

  1. 9,358 Posts.
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    Seems no one cares about debt anymore.
    US national debt will be 21 trillion soon.
    Australia's national debt is heading for a trillion dollars.
    Australians have massive mortgage debt and credit card debt.
    People demanding more money for doing less.
    Full time jobs in Australia have hovered around 8 million for the past 5 years with a population increase of 2 million.
    1.5 million on the dole or disability pensions.
    The share market is crazy with penny stocks being valued too high. Its a feeding frenzy.
    Manufacturing in Australia is in decline and we are are a service industry.
    Yes, I can see we are in trouble but while the US keeps printing fiat money we should be alright.
    When the US dollar is challenge as being the world currency, then the foundation of the house of cards will fall.
    Oh well, we can all start being Amway representatives and all live happy lives following the dream.

    iwonder
 
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