AUSTRALIA'S ECONOMY WILL COLLAPSE SOON - I WARNED YOU

AUSTRALIA'S ECONOMY WILL COLLAPSE SOON - I WARNED YOU

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Why is, the Australian, economy, soon. Going to collapse I'm gonna add a few links in the description, and. Today, I'm just gonna be talking off the top of my head because I don't really have time to be making these videos at the moment why, the, Australian economy will. Collapse why. And. I'm going to try to point out to you guys all, of the different, signs. And, signals, that I am seeing within the economy which, tell me this, so. If you want to support me you, can support me on patreon. And, if you like this video make sure you click the subscribe button and the bell icon so, don't miss out on anything so. Today, I'm going to talk about, why. The Australian, economy is going to collapse and. To. Understand that you need to understand a little bit about the Australian economy so I'll give you a little bit of Australian. Economy 101. Australia. Is. Not a very smart country we. Dig holes and. We. Do mining, we put them on boats and we send them north. We're. In isolated, country too so it costs a lot of money to, fuel. These boats. Most. Of these boats our biggest trading partner, is China they. Do say, about. 35% of the entire. Australian, economy relies. On China, buying resources, from Australia. There's. A lot of geopolitical. Problems, that couldn't happen. When. We are sending our, maritime, trade through the South China Sea and through, Anna neva but we won't touch on that today but we're. Just going to talk about, the. Big factors, in the Australian economy and. Australia. Relies on China, and even, the dummies out there they, have just started to realize this. Second. One we, invest a lot in our. Education. System so, we have a lot of immigrants, and. International. Students, who. Travel. To Australia they. Pay exorbitant. Fees, and. They. They, come down here to get a some, sort of formal. Education. So. They're the two main things that drive, the Australian economy now. Earlier. This year. There. Was a new law passed in. The Australian government, where. They. In, a, financial. Crisis. The. Australian. Government, can, take money out of your bank account. Now. When, that happened. The. Smart people around there noticed the, people that see signals, noticed, and they challenged, that and they asked for a thing a. New. Law to be passed called. Glass, Segal. I think. That's how you pronounce it they, have that in America what it does is it prevents the government from dipping, into your bank account in financial, crisis. Now. Earlier, this year the. Australian economy was looking fine even. Though I've been telling, you guys for over a year now that it's not fine and the signs are not good because of, the, changing, geopolitical. Situation. That's. One sign the. The government refused, to pass it that's. A sign and. The. Fact that. They. Then just said all the economy is doing fine we don't you don't have to worry about your bank accounts, the fact, that that happened that. Always happens and the dummies, in. This country just thought okay the economy is doing fine now, I. Want. To let you guys to what's been happening the last two weeks so this is recent we're.

Going To go back to the trade with China I think that's a big factor, the. Tariffs between. America. And China. There's. A big deal that happened where. Malcolm. Turnbull was really happy that he was. Able to convince. The. The. Americans, to not put tariffs, on our steel, exports, well. For. The dummies in Australia they thought that was awesome but. I'll tell you one thing the. Raw materials, come from Australia, they. Go to China it. Gets created, they they manufacture. It we don't do that here it's, manufactured, in the iron ore and then. The Chinese for. Quite, a long time they've, been diluting. The market, with cheap iron ore now. If, China gets tariffs. Put on their iron ore does. That mean China is going to continue to buy the. Resources, from Australia, no they're not going to at all so, we, just got a tariff by proxy. Second. We. We, are going through a. Right. Now this trade, war is a. Changing. Of the, trade structure. So. What's. Happening, is America. Now is trying to convince all of its allies to not trade with China. China. Is also, looking now to emerging. Markets, developing, countries, to try and trade with because it's going to lose trade, with other countries and. If. Australia, is allied with America, why the hell. Would, China. Want to continue, to trade with. Its enemies, best friend, okay. So, right. Now if you, this, last two weeks. Zi. Jing ping has been shaking, hands with. Individually. On. Individual. Little contracts, in Africa. Almost, every. African. Leader. Now. What. Does that mean for Australia, well that, means that their. Resource, is going to come from Africa they're not going to come from Australia from Australia anymore. So. What. We can do now is we can assume, that. 30%. That's. Right, 30 percent, of the. Australian. GDP. Should. Be wiped off the map. As. Soon as China decides, to switch over. That. Means astray. Is going to become 30 percent, poorer. Okay. Another. Thing that happened was Malcolm, Turnbull, he. Kind of got strong-armed. Into. Investing. Australian, superannuation. Into. American. In, structural projects, gee. I think he he, invested. Over a trillion, dollars of that's, right your retirement, in, American. Infrastructure. Projects. Donald. Trump is a good businessman. Australian. Politicians, are spoiled. Little shits that don't know what they're doing so now, your future relies, on these, future. Infrastructure. Projects, going really well in America and if they don't your. Retirement is going to suffer. Now. Recently, the. I. Have been saying this, I'm. Also going to at the end of this video I'm going to, the. End screen. Will. Divert you through some other videos that I've put up over a year ago I was, talking about the, Australian, currency, the Australian, economy. Or, the problems, that we are going to face in the future and how we will, possibly, become, the Venezuela, of, Asia. Now. This. Is where Indonesia comes in, the. New the, new prime, minister which, the Australians did not vote in Scott. Morrison as. Soon as he got elected boom straight, to, Indonesia, to sign a new deal with Indonesia. Why. Because, he's trying to. Diversify. Australian. Trade because they see something. Bad happening, that's, why Malcolm Turnbull also invested, our, superannuation. Abroad, because. We. Don't have any proper. Business, leaders, in Australia, we just have dummy rent, seekers I'll explain that later. So. Indonesia. In a way is a. Trading. Partner of China, and I, foresee. Australia. Trading, with Indonesia, are thinking, that everything's going to go well, there Indonesia. Does have a, history. Of invading. Countries. East. Timor is a prime example, now. If Australia. Was, to be blockaded, in any, way shape, or form. The. Australian economy would collapse within six months totally. Collapse we will become as poor as the Philippines within. Six months, time that's, right, now. What if. Indonesia. Plays. Nice with us and, then. Flips. And goes okay China will do what you will do your bidding and we'll blockade, Australia.

Or. Some pirated. Some pirates, happen, to be taking out our ships keep in mind we are an island all, of our trade goes, by the sea what. If some, unaccounted. For. Some. Unaccountable, pirates. That are taking out our maritime, trade that. Would be very costly for our economy. Also. That. That could be that's a big, geopolitical, problem. For Australia, is just getting, our. Trade, out through, the sea I. Hope. You understand what that really means, and you look at the map get out the map use. Your own brain use some critical, thinking and have a look at what is going on in the world stray, is full of dummies but I don't want my followers, to be dummies, like the rest of this stupid country. Another. Problem is. Singapore. Singapore. Is a good trading partner of Australia. We. Pump a lot of money into them they. Refine, our oil, and our fuel it comes from. Singapore. Now. Singapore's. A long way away I, don't see why we shouldn't have through. This massive. Boom. That we've had over the last 30 years our. Government didn't, invest, in figured. Out how to refine our own oil or. Secure. Our own resources, secure, our own. Energy. Future. Why. Because they're stupid if. Anything. Was to happen between. Australia. And Singapore and, believe. Me China's putting a lot of pressure on Singapore, to become entirely. Pro China. Australia. Would run out of oil if. We ran out of fuel we. Don't have any, sort, of fuel to even. Fuel our boats, to. Go abroad, and. Continue. This, economy. Ticking over. The, economy collapses, now. Right. Now China has now put, money into a. Port. In Malaysia. And they. They promised, the Malaysia they said look if, we build this port in Malaysia, we. Will run a lot, of Chinese. Trade through, this, port which will be on the Malacca Straits side of Malaysia and we, will divert a lot of traffic from Singapore, which will damage Singapore's. Economy. Now this is a way of strong-arming. Singapore. To becoming more pro-beijing. And less. See, Singapore, for, a very long time has been, let's. Just, say the, Switzerland. Of Asia that's, the way I would put it they've been neutral to everyone they've been so. Neutral. And fair to every side but it's coming to the point where they're. Gonna have to start becoming. More Pro Beijing, because America's, although. I don't, care how much Fox News you watch, America. Is losing its power and. Donald. Trump doesn't really have the influence, that people, think, he does. So. Singapore, is a Singapore. Possibly. Becoming, Pro. Beijing, is a threat to our fuel. So. Our maritime trades endanger, our, fuels in danger. Ow. Our, resources, are in danger even just by a Donald, Trump and the trade Wall of China. Now. This. Gets to. The. Other signals, in the economy, the, currency. Now. This week the, currency started to drop and I, have warned, you guys I warned. You guys last year I said the, property market is overpriced. I said. Sell, your, property, and possibly. Start. Diversifying, last year why you still have the power. People. Thought people said I was stupid. Property. Prices are dropping, why. Property, prices started, dropping when, China, implemented. A new policy last. Year and that's why I made that property video saying. That you cannot. Take. More than. $200,000. $200,000. Out of the, Chinese economy and spend. It abroad without, explicit. Permission from. The Chinese Communist Party so, that meant that millions. Of dollars wasn't flowing into our economy anymore. Now. This this is another problem with our economy. There's. No innovation here. In Australia, there's. No smart people running this place there's just, rent-seeking. Parasites. Let. Me explain, 70s. 80s 90s. Well. If you brought property, back then it's gonna be worth a lot, right now and all. Of those rich people squandered. It they got lazy they become rent-seeking parasites. Now. If. You were to, put. A law, out there to prevent like, okay if. You, think of a rich person, in Australia what do you think of do, you think of the. CEO, of Apple do. You think of someone who invented. Something. Some, magnificent. Product, which is a a. World-beating. Product. Can. You think of any Australian. That, has actually, invented, anything. I, bet. You can what. You think of and what, I think of and my friends think of when we think of rich Australians. We think of people. That earn three or four houses. They. Got like five six seven, million dollars, in assets and. The. Cost of rent keeps going up, so. I'm. Going to use the yokota economic, term unity, cost now, the opportunity, cost is. Extremely. Damaging, to the Australian, economy over, the last 40 years a, strong, Australian dollar property. Prices just kept going up. The. The, immigrants. Kept coming to Australia investing, money here, the population, started growing so therefore supply. And demand hit the Australian, property, prices. And they just kept going up and then all of these rent-seeking, leeches, latched.

On. I got. The people buying properties, you got the people, the. Real estate agents, so. 30. Years ago if, you, worked full-time for, three years just say you weren't twenty, thousand dollars a year you could buy yourself a, big, house in a an, expensive. Suburb, in, Sydney, or, Melbourne for. Say. $70,000. Just. Three and a half years wages now, it's. Like thirty five years. Yeah. And it's. Impossible, for someone of my generation of my property now that's. Inflation, the. Problem with, that opportunity. Cost is that my generation has, to spend all their, surplus, money on rent. Instead, of trying, to innovate and create products, and businesses. For the economy, my. Biggest, beef here is that for. So. Many years, you have all of these. Rent-seeking. Parasites. Buying, properties, when. If the government, had have come in and limited, it to say, three, properties, per person, let's, just round it off at three because. That's when you hit a critical mass and you start buying four or five six houses you. Have three houses there, they, are going to still be rent-seeking but. They're going to have a surplus, of money. And what. Is a, rich. Person, going to want to do with that money perhaps, they might even start, up a goddamn business. In Australia, and hire, someone, for once instead of rent-seeking, and being a parasite on the next generation, now. The opportunity cost here is not only two-fold, it's tenfold because. If. I'm, paying rent and I. Am working seven, days a week which was unheard of for the generation. Before me they only worked Monday to Friday I. Don't. Have the money to invest in a in any sort of business, definitely. Don't can't, afford a property but. If these people, had a surplus, of money they might have been able to start up a business they, might have started looking, to invest, in other people's businesses, and. That would not only improve. The economy over the last 3040, years would have been better for the, entire, country. Going, forward and I believe that this is one of the main factors where the Australian economy is struggling right now because we. Can't just be rent seeking parasites, in. The, property. Market as well, as all we do is guard. The, land and dig holes and sell, it as resources. Not. A very smart move, the. Smartest, economies, out there create, something, they, create technologies. And especially when you think about how, strong, the Australian, dollars been over, such. A long, time the Australian dollar. Leaped, over, and was stronger, than the American, dollar at one stage that's, right people the Australian, dollar was stronger than the American, dollar at one stage now. I have, said in other videos that, I believe, that the Australian, dollar will become one, dollar to, one RMB. That's the Chinese money. I've. Said that and I stand by that today. Recently. We have seen that, the, Australian. Dollar has started to behave like, emerging. Market, currencies. That's. Right the, world now sees, us for. The Charlatans, that. We are we. Dig holes we put them on goddamn, boats when we send them through the sea and we. Rent seek at home and, the. Generation, before us is screwed over my generation. And the generation, after ours I. Might. Sound a little bit annoyed with this of, course I am there. Should be big. Companies. Created, in Australia, there should have been. Investment. In new technologies. Why. Can't we have our own Apple, or or. Our own new. Technology. Company, or something like that instead of just digging. Holes and sending. It through the sea so this is my rant for today I want to I just want to point out those points to you guys the. Tariffs, and the trade war between, America. And China is. Directly, going to affect Australia, because our economy relies, China China's, not going to help out Australia, if we are their enemy China's. Going to get their recent resources. From Africa, so. The. Currency has dropped, the. Australian government has obviously, seen that we are in panic mode because they. Have sent our. Superannuation. Funds, to American. Infrastructure. Projects. We. Our, our fuel is not secured. From Singapore, because China's putting pressure on them, we. Are now going to trade more with Indonesia, and, our geopolitical, situation, is, not looking good there either because, we, are now at the whim of. Indonesian. Policymakers. If they decide, to turn on us our economy, would be totally screwed the, Australian government, implemented.

That Law that means that in, financial. Crisis, they can dip into your bank accounts, that's right you if you're in Australia right now and you have an Australian bank account and there's. A crisis, a financial crisis, that they can take the money out of your bank the. West. Park recently, last, week Westpac, put their um. They. Put their interest, rates up and. Another. Signal, I'd like to let you guys know about is, as. Soon as they put their interest rates up which is a sign of inflation, in Australia, okay it's a warning sign that the economy is not going too well because, it's going to be less money flowing around the, economy. For, trade there's. Going to be less money going, into property. As well so the property prices will, drop. Businesses. Will have less money to trade with as well but as, soon as Westpac. Because they were the first bank to move, on interest, rates, there. Was a spike in the. Amount. Of people buying stocks, in. Westpac. Now. What. This tells me is that there's, a lot of people out there with a lot of money looking, for opportunities. Because. There's. Not too many safe, bets, around, and to pump that amount. Of money into West Park. Off. Such. A small thing like increasing. Interest rates tells me that there's a lot of people that don't, there. They're either greedy. Which. Is another warning sign of the economy, or, they're just stupid. I, would. Say there's, a mixture of both going on here and if, you. If. You remember what happened in 2007. Before the global. Financial crisis. That was one of the big, warning factors, was. Greedy. People throwing the money around. Thinking. That they're going to win everywhere, and next thing you know it all collapses, and everyone loses their money, it's. All doom and gloom is it no. It's. Not all doom and gloom right. Now, we're going through a pivotal moment and. I've. Been following it all, obsessively. For years, there's. So many opportunities out, there if. You, if you were to put your money in a smart place right now. Guaranteed. In ten years time you'll be a multimillionaire. I. Implore. You guys out there to put your collective, brains together, and I, hope that the people following me are the intelligent, ones not the fools because. Believe me Australia's, full of a lot of fools I'm, hoping to somehow attract, to the intelligent, ones to my channel from now on, if. You can come up with any, better ideas. Leave. A comment below and we can brainstorm in, the comments, on where, we should be investing, our money if you are an Australian right now my. Theory right now is gold I like gold. I believe, if you're gonna buy gold you believe, that China and Russia is going to win if, you. Invest in US. Stocks and, US, currency. That, means that you believe that US, UK Australia, that. Team's going to win I. Am. Not, so positive about the situation. I, believe, that Russia and China is going to win so I'm investing, in gold. China. Some. People have been saying. It's. Hard to find but. There's there's some conspiracy theorists, yes that's right conspiracy, theorists out there saying. That they believe that the. Chinese are hoarding, gold but they're not being transparent with it so they're they're. Reducing. The supply so, that the, cost of gold increases. And the, plan of that also. So. That the price of gold increases, Russia's, also, transparently. Investing, in gold they're letting everybody know quite, transparently. That they have been investing, gold over the last decade now, the reason, why this is so important, is because. Recently. America. Has just just. Gone to town on Iran. Got, rid of the Iran. Nuclear deal to try and destroy their economy, because, Iran is selling, oil in gold to, China. And Russia. I believe. Gold because. If you do some technical analysis, on the. Charts, Gold, is very volatile, it goes up and it goes down people like, gold, they trust gold so. I believe that that is possibly, a good place to put your money. I believe. Gold because I believe China and Russia will win. America. Will in, turn, try to collapse. The. The price of gold so, that's the, battle that's going on right now, America. Wants gold to drop, Russia. And China want gold to rise so that they can back their currencies, and then the irony, the Chinese are on baby can, become the new reserve, currency, that's their plan. So. You can either buy RMB, or you, can buy gold if you believe that side's going to win if you think America, is going to win invest. Somewhere in America it's easier. To find, investments. In America, especially if you're in an Australian, in a western country you, have a plethora. Of options. So. I'm not gonna just tell, you one or two you've, got so, many options to choose from. Now. If you were to of.

Panicked. And sold your property or. In. My opinion one of the smart people and sold your property, you. Got a surplus of money and you want to invest in property somewhere else I would, definitely, say Sri Lanka in Colombo, because China just is, building, that port up and a lot of trades going to go through Sri, Lanka because I believe that that, Sri Lanka that. Sri Lankan port, might become, as rich, and powerful as, say a Singapore. Or a Hong Kong therefore. The property prices will explode, in the next 10 20 years. Probably. Buying. Property. Or investing, around Malaysia. I think. Malaysia is another, interesting. Situation. Where they've, dealt with corruption for such a long time and it seems like they're cleaning it up and. Building. This port, and getting a lot of trade, from China, and. Would definitely, 100 percent boost their economy, so Malaysia. Not, many people are going to be talking about Malaysia, but I, like, the look of this I like to look at what's going on over there, the. Other option, is Indonesia. If you trust Indonesia, as a country. When. You look at how many Australians, go there every year, 1.1. Million, Australians, travel to Indonesia last, year believe it or not that's how many Australians, travel, to Indonesia and holidays there's. A lot of connections, between the two of us. By. The way the Australian, currency dropped, faster. Than. The. Indonesian. Currency, that's another signal, that you should be taking note of it dropped faster than the Indonesian, currency which tells me that more. People, only. A small percentage but more people trust the Indonesian, economy than, they do the Australian, economy and the projections, for the Indonesian economy is, that the Indonesian, economy will, be the, fifth largest economy, in the world I learned. Them there in the next decade so. Investing. In Indonesia, might, be a good opportunity for you guys if, you're a smart. Australian, you have some sort of technology and some sort of getting. Go in you and you are willing to take advantage of this opportunity, starting. Up a business in, Indonesia. Might. Be a good option for you. As well so there's. So many opportunities out, there I also think, if. We're going to talk about currencies. If. If. China's, shaking, hands with leaders, of say, Zimbabwe. And all of these African, nations. Some. Of these currencies. Are going, to go. From. Worthless. And they're. Going to, they're. Going to times by a thousand. Overnight, so, as soon as China signs, a deal with some of these African countries their. Currency is going to boom. So. This. Is a bit of a risky one but if you were to pick the right one, you could definitely, it's like winning the lotto you could there's, not that many African countries and if you follow it closely.

As, Soon as they sign the deal and the money goes through and some sort of projects. Start up in some of these African, countries their, currencies are going to increase and you can definitely ride, that out pull your money out that's definitely, another option as well there's. A lot of huge, opportunities. Out there so it's not all doom and gloom it's just doom and gloom for Australia. So. If, you liked this video make, sure you click the subscribe button and click the bell. Icon so, you don't miss out on anything make. Sure you let. Me know what you think about this I'd, like some feedback you can link things in the comments as well and. Also if. You like my videos, and. You. Want to help me out I do, have a patreon, and. You can help me out financially, so. That I can obviously. Buy. A better camera and some better audio equipment, so that I can provide you with a, far, higher, quality. Video, than, what, I'm doing today by just, an. Ad hoc type, video like this where I just pull. Out the mic and I just tell you off the top of my head what I think about what's going on but. I'm hopefully, I still, provided. You with enough information, about. What's going on and by. Looks of it this is like a thirty half, an hour video so. I. Better. Go now and. Nice. Chatting with you guys. And I'll. See you guys in the next video don't, let fear stop you.

2018-09-17 10:52

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Comments:

Flash news: The wealthy Chinese are buying up all the property in California and in places across the U.S. and also in Vancouver, Canada and other European countries. This is inducing a bubble. What they do is move in and raise the praises and make the area unlivable due to high prices. This looks like a pattern that is going on all across the world as evident in Australia. Bottom line, wealthy Chinese people want to rule the world and the way you do that is to own land across the world and artificially inflate the market.

I don't like if you say Indonesia is invading country (Timor Leste) because Torres Strait Islander (Aboriginal) need freedom to. Since 1967 till now. If you really care about invading country.

Invest on gold if many country sell their gold, the prices will be less. Invest on dollar if many country use their own currency, the prices will be less. Invest on house problem with price bubble. Invest on farm problem with rule or political, like cow export. Secondly the price with strong currency hard to sell. Invest on education in technology age, internet is the teacher now. About country. Singapore is commonwealth country like Australia, even close with china but China not a commonwealth country. Indonesia already hard time with Australia in many area. From cow political (Julia Gillard), spy scandal (John Howard), Timor leste referendum (John Howard), asylum seeker back (Tony abbot). Invest on culture understanding and knowledge with your partner if you wan the best result. Don't forget history and take a lesson from that.

The Aussie dollar has a high chance of collapse! Their reserve bank is trapped.

what can we do. ? I;ve known this for a long time. but I think the gov has put us into bed with the americans.Did you notice that the media just reprted on Barnaby joice s affair while the gov were in usa, doing thye s super deal. I mean the aussie folks are pretty dumb. I think the yanks offer their terrible milliary scare false security stuff and provide selected info to sertain people who the justify their actions. pine gap etc. Like you mentioned the property market, leeches and slaves, maybe the Australian people deserve egg on their face, greed etc. , I feel that micro business models have a method of turning a full circle re money and trading. like tittle tornado's with their own energy ecosystems systems. This is happening at the moment on a platform called dealshaker, and internationally . with a crypto currency.

+Mick Knight Well newbies like you all start out as sinophiles in the beginning. I was a left leaning panda hugger in the beginning too, over a decade ago. Now, as you become more educated about China, your views change. Professor Michael Pillsbury was pro China for almost 40 years until he woke up. I learn faster. Hopefully you will one day too. Before it's too late. The next generation will suffer, it's not going to be pretty.

do some positive research on china because all countries have their positives, just have a look. I just flew out of china.. positives and negatives are everywhere. get some balance. cheers and take care..

You can spread the word that China is the world's most dangerous country. Share this video with people who are smart enough to at least listen. knowledge will change things, when I first started on this journey, most people still thought China was poor. Now people are starting to wake up

Amazing video I have spoken to a couple overseas students working in Melbourne allot of them work 7 days a week to pay for uni and rent so I can imagine how financially stretched most people are if you are renting. Some students group together 3 to 5 students per room just to be able to afford the inner city's rent fees

Gold is good. Silver even better. Cobolt (electric cars and solar panels). Good farmland (farmers are +60 years and we all need food). A sugestion for Australia is to import white smart dry farming experts (good work ethics too). And stop at once muslim garbage importation (they don't work and create violence). To invest in Africa is 100% stupid, nothing has EVER worked in Africa.

The main problem is printing too much money. A country print money when banks issue loans to individuals and companies. You BORROW to much. The fault is Central banks, low rents creating asset bubbles.

I understand your frustration with an older generation of smart people buying houses and earning rent. But you would too if you were given the opportunity. Your know, free markets and capitalism. Communism än socialism is just 100,% shit. Freedom is important. Australia has comitted many other bad decisions but free markets (like buying houses cheaply and net them out) is not one. I beleive in the Austrian school of economics. A small state. Minimum taxes. Free markets. High protection of assets. Not socislists saying "you can't make money by being smart and buy cheap and earning money on houses". Otherwise you got lot's of other good insights. I did not know Australia was so stupid that you don't even know how to reffine oil to gasoline! And you export iron ore on ships to China so they can produce steel is so dumb I cannot beleive it. Your have plenty of white people with average IQ of 100 and some fron south East asia with average IQ of 105. Of course you can do it. Not even my crazy country of Sweden is that dumb and that is saying a lot because we are THE most stupid country in the world.

Agree with you 100% not for all the normal reasons but simply because we're trying to retrofit a hierarchal, debt laden industrial economy onto an emerging flat, sustainable sharing economy which is not going to end well. There's no way to facilitate debt in a new world with peer to peer lending where people will bid for loans or cryptocurrency eliminating rorting middlemen completely. In the spirit of looking for value in the wake of the second crypto Ethereum copping a beating due to not getting the support for it's platform expected. Might be an idea to take a gig at what Stellar in partnership with IBM https://bit.ly/2k5E7zK are up to and some big name ICO's moving over to the platform from Ethereum which is currently listed at AU$270.00 (down from a top of AU$1,600 at one stage) whereas Stella with big backers is great value at only .27 cents https://bit.ly/2N5GIL5

and no one said bitcoin. which is actually the correct answer to these questions.

those who are doing it don't waste their time explaining it to others without some potential future benefit. I doubt i will receive any benefit from further conversation.

Jeez, this guy is a prime example. The market cap of all cryptos is approx 250 billion. . . about a third of Australian debt... You need to start listening to me and educate yourself on some facts... Stop being a dumb Aussie

Australia does have a major economic problems, mostly that something like 70% of our wealth is concentrated in housing, our largest employment field is truck driving (which will be gutted by automation) followed by construction. so our largest employeers is going to roll, and our second largest emplyer will roll when the housing market tanks. All this China shit is irrelevant.

Domestic is different from international trade.

Becaue Xi shakes hands with African's the logical assumption is that they will stop buying from Australia.... Righteo. Then talks about how much Indonesia will grow but doesnt talk about where they will buy their iron and beef from(australia) this is Dunnings Kruger the video.

Shakes on trade deals. Mostly resources deals. 60+ billion. It's ok if you don't get it. Most Aussie's can't understand anything so, all good.

Good job here Dave. I reckon that AUD 1.4 trillion Oz Super transferred to American investments has EVERYTHING to do with why Turnbul the turncoat got out of the way. And I reckon this is another indication that this global debt-whale is about to be rolled Into THEIR all-digital blockchain real soon. Money and top-end managers are positioning themselves. Big money is getting out of the market and the FED IMF BIS are buying the gap so the sheeple don't notice the shift. You gave a couple of your projections ten years or more out, but I didn't hear you factor in Bible prophecies being fulfilled to the letter in and around Israel, Russia, Europe, and China/Kings of the East right now, even though you have seen and called the action on the ground concerning all these power-blocks jostling for position before this thing goes off Apocalypse style. If you are not up with the play in the serious God-bothering department, what is happening with the coalition between Russia, Turkey, and Iran in Syria, is the prophecy in Ezekiel chapter 38 & 39 being set up ready to go as soon as Isaiah 17:1 is triggered with the over-night take out of what's left of Damascus. (Is this building battle in Idlib the set-up for that?) Multitudes every week are being added to those who are so willingly taking a chip in their hand to access and buy/sell stuff is another prophecy heading towards fulfilment. This is not religious nonsense I have listed here. It is every bit as real as the action you have seen from a distance and called out in your video here. 2,018 years ago Jesus split history for the whole world by rising from the dead so convincingly, 500 plus people who spoke with Him then turned the whole world upside-down yelling about that as being a fact, and then sealed their testimony with their martyrs death rather than deny the truth they knew to be so. That Antichrist IS coming with his mark in the right-hand buy/sell global system, and fully 2/3rds of the Jews and Gentiles are going to die. And the beginning of that is what you have just laid out in your video. Read about what comes next in Revelation 13:11-18 & chapter 14:8-12. I strongly suspect the sudden mass disappearance of a certain group of God-botherers is what is going to set this powder-keg debt-bomb off. Soon!

"I don't have time to make videos... Going off the top of my head..." "If you want to support me, blah lbha lbahhblhahbla" LOL

Stir fried zebra

Good on you Dave. Keep sharing your research and ideas.

The problem with technology companies in Australia is that alot of the jobs just get sent overseas

china attempted to buy all your cow farms and flood them with their own laborers .

Why? Becuase Austrilia is anti-China now.

+Dave Lee hmmmm... lets say Trump administration love to do that. Bullying everyone including its own allies . Lol

Nope. Just how the world works. I feel as if the US wants to collapse Australia too

buy a farm work the land safe bet

Where should we put our money if it is not safe in Australian banks? thanks

I've been diversifying. My best tips will be shared privately to my Patreon 's

but how can you do if you are not smart enough? LOL

wow, you are intelligent!

Invest in gold and silver

+Joe Yan I've got a load of ounce silver coins in hand. They are purely a back up plan for trading domestically if the currency hyper inflates. But I'm thinking of big options, people are about to become rich.

I like Silver as well. Like below, Gold to Silver Ratio is currently 80:1. Throughout history usually between 12 to 15:1. Both gold and silver markets are heavily manipulated through futures contracts. Otherwise, you can invest in our tech company if you like! Couldn't agree more though, the average punter in Australia is pretty much brain dead, the country has been gutted. Baby boomers believe they are all wealthy due to the illusion of high house prices and all pick up a new X5 or X6 each year in retirement. I think a lot of people will be in for a rude shock if the AUD collapses.

Dave Lee what do you think

First: you can buy more (very cheap) Second: silver used to be 12:1 ratio against gold (might become the same as it used to be) Third: It’s decentralised (like gold)

Why do you like silver?

Won't do any such thing, pencil neck...

"I told you so" in coming soon

I like platinum and gemstones, but I'm a platinumsmith (I always use as much as I have) who buys gems as an investment with plans to have so many gems that I can be retail hub. I don't like gold because I think the ex-West Papuan mountains that have been taken down were full of gold and there is much more of it in store than we know. Platinum is valued mainly on industrial use and that will increase. It's rare. I'm keeping my property because it's inner city. It won't be affected much (nopting there is a glut and they have dropped and it will get worse) , and I'm playing a dicey game by keeping my cash in the bank while I wait for properties that are slow to move to halve their value. What do you think? I'm hoping my occupation is safe. It should be. I only need raw material. I have to stay solvent in the hard times and I've invested years of work purchasing anything I might need, thinking these cheap prices won't last. I assume the looming Asian Union will keep our housing prices up, but they will dump it first - probably via agreemennt when I think about it. That could be wrong.

Platinum looks undervalued but I went for gold even though it's possibly overvalued. Maybe you're in the best metal. There are valuable-high conducive rare metals that are used in phones and lap tops, perhaps this would be a good bet. If you could actually find a way to buy some. On property, being prepared to jump on some bargains over the next 5-10 years is a great strategy

Dave what are your thoughts regarding Bitcoin? Cheers, Ed

I've heard of a Glass Steagal but what's a Glass Seagull?

As an Aussie who lives in Europe and works in China and had to get out of Australia because of the greed and dummies(I do really miss the beaches and weather), I fully agree with your points here. One of Australia's biggest problems seems to me to stem from all the property speculation that is sucking the guts out of Australia when this capital could be used for business investment. I live on allot less than it costs me in Australia and my life style is so much better, one day I plan to move back(to retire) to good old quiet, warm Australia after the collapse(if it ever happens) and everyone is more humble and less greedy. Best investments; your own education, gold, living frugally while saving your cash, government needs to get rid of tax breaks for investment properties (every tax paying australian is subsidizing some property speculators losses).

they do Not have Glass Steagall in the US, Not since Clinton in 1999, they have dod frank which is a joke compared to glass steagall you might want to research the subjects a little before you start doing videos like this.

googled....haha,,,,that is just a short list off the top of my head dude, i prefer the austrian school of economics over Keynes, which if you had read his books you would know we do not really have keynesian economics as he set out anyway. i am not disagreeing with you and i like the enthusiasm but when you make videos without doing much research you look foolish, Most of my family works in banking & finance for generations, i have worked for the NAB for over 10 yrs, My Father was a Bank Manager for the NAB for over 35 yrs and my uncle was very high up in the credit bureau at NAB House and retired at 38, banking & finance is something i have grown up around& been involved in all my life. all the best with your study......

+Greg Rayner Oh, and the irony of not listening to even a third of the video. Feel free to go through the video to find more errors. I'm happy to be proven wrong and change my position.

+Greg Rayner Well googled. Pippa malmgren was not in the list. John Keynes? Perhaps you should study up on Keynesian economics, seen as the Australian system has been implementing this British style ideology since 2008. This is part of why I fear stagnation appearing in the economy. You don't have to listen to my outrageous predictions by the way. (I'm well aware of how outlandish they must sound). But all the patterns I see, lead me to these conclusions. So far, I am mostly correct. The next generation of Australians will have a far lower standard of living than we did. 100%.

i could not get past the 7 min mark as it was very clear you had no idea what you were talking about. here is a short list of people you might be interested in while studying economics, Doug Casey, Peter Schiff, Alasdair Macleod, Max Keiser, Stacey Herbert Greg Hunter, Mike Maloney, Jason Burack, Doug Noland, Marin Katusa Jeff Berwick, Gregory Mannerino, Danielle DeMartino Booth Bill Murphy, John Rubino, Ken Schortgen, Danielle Park, Chris Marchese David Morgan, Jim Wille, Andy Schectman, Ross Clark, John Williams Lynette Zang, David Stockman, Gerald Celente, Don McAlvany David McAlvany, Eric Dubin, Keith Neumeyer, Eric Sprott James Rickards, Steve Keen, Rob Kirby, Michael Pento, Peter Leeds Steve St.Angelo, Michael Rivero, Nick Santiago, Rick Rule, Bo Polny Harry Dent, Ron Paul, Jim Rogers, Robert Kiyosaki, Marc Faber Martin Armstrong, Michael Snyder, Charles Nenner, Ray Dalio James Turk, Bill Holter, Catherine Austin Fitts, Nomi Prins Karen Hudes, James Wesley Rawles, Paul Craig Roberts Harley Schlanger, Chris Martenson, Chris Duane, Lior Gantz Ann Barnhardt, David Quintieri, Karl Denninger, Jim Sinclair Charles Hugh Smith, Derrick Michael Reid, G Edward Griffin, Warren Buffet, Jeff Nielsen, Carl Ichan, Gordon Long, just to name a few................

Yup I knew that. If that's the only small mistake you can find. Then I did extremely well. Considering the amount of ground I covered in this 30 mins video. Either way, your comment is pointless and the point you make is also pointless. Australians have NO protection from the banks. I would prefer we did. That's the point of mentioning glass steagall. Thanks for playing

Sorry I can't support you on patreon. The economy is about to collapse so must save pennies. Also your conclusions here are a so askew they are laughable. Iron Ore- it will be coming from Africa- good luck with that. OZ has the highest quality iron ore in the world and it is close for transport.Iron ore from Brazil is much cheaper but lower quality but China still buys the OZ stuff. Pretty clueless presentation. Millennial mindset.

Pennie's OK... Save your pennies. If there are tariffs on iron. Then less will be sold. Australia is in the middle of a diplomatic freeze with China, so why would they continue to support our economy hey? Did you notice that every country aligned with US started sourcing oil elsewhere from Iran become they deal ended ? perfect case which proves my point. I told you so coming soon

You make sense

Why would i support you when the first thing you say is you really don't have time for this?

china doesn't care about your cows they want to own your seafront oil and polk you up the but SOY BOY

What? Those skinny dying drought effected cow? Seriously? "Your land" is full of deserts...….can't even sustain a small population. GET REAL HOMO....more like your criminal corrupted bankers killing and skinny you alive.

You have it wrong with your reference to Glass Stegal, Clinton repealed it in 1999 and it was Hockey at the G8 in Cairns Qld that brought in the Bail in Laws....and that is global not just Australia. Just so you know when you desposit money into a bank it is no longer your money it becomes a bank asset and you are an unsecured creditor....thats how loans work, but to hard to explain to you here. Nice to see you enlightening people, maybe do a little more homework, but keep up the good fight amigo

Thanks Dave for your thoughts. What you are describing is, unsurprisingly, similar to what is happening in NZ e.g. Growth mania, house prices, inequality of income, student immigration business racketeering, Chinese investment in housing and property development, government instability etc.it seems to be widespread.

https://www.youtube.com/watch?v=u9aHC2tSmRM&t=340s this is why our country is going to collapse the lima declaration was signed in 1975 sending 30 percent of Aussie jobs to 3rd world countries that number is over 80% almost 90 they sold us out,,and i have a right my great grandparents and grand did fight in ww1 and 2 for these pricks to make us struggle our electricity is through the rough they keep raising smokes they wont stop,they will make them 100,000.(not to mention jews forcing mass immigration)

Wow! a young fella that actually gets it. Maybe there is hope for us yet.

Your nowhere near the only one bro. We are the silent majority. If any politician including yourself gave the same speech word for word tgat I just listened to they would win in an absolute landslide.

I'm the only one I know who sees it like this though. Here's two years to mark in your calendar. 2022 point of no return, if we continue on this trajectory. 2034 when Australia becomes a third world country like Venezuela. Start to prepare

Lets form cooperatives buy the farms and put ECOVILLAGES and work in groups regenerating the land using PERMACULTURE principles- preping ecovillages

Independent Farmers will be rich in the future

Blockchain will be used by countries and replace the current cryptos. In the future you may be jailed for using banned cryptos. bitcoin might become illegal in some countries. Capital flight can damage a country, they want the average person to stay. Only the people at the top can safeguard their money. Definitely not you and me. I was offered a job as a crypto trader earlier this year, it's addictive. The pattern is clear though. cryptos lost the battle. The market cap is under 200 billion I think. Buy physical gold and silver.

He has no idea what he is talking about, i was just pointing out the ridiculous obvious errors in the 1st few minutes. He looks barely 30 so what would you expect really, no real life experience in finance & economics, He is just obviously just parroting what he has heard elsewhere, thus all the errors Everyone should do your own research & education & Not rely on other people's opinion i am not sure if he is an aussie thou, certainly does not sound like it, My family has been here since the 1st fleet in 1766 & i doubt he is even 3rd or 4th generation. and bank managers & credit bureau is Not Highly credentialed at all, you would be on the board of directors or CEO to attain that title.

Greg Rayner Good observation. Who would I trust? A poor no body Ozzy utuba, or opinion from a long, long line of high credentialed bankers? lol

Jim you sound a typical old cock sucker

Cheers

Because if you listened to me and take action to safeguard yourself and your family. I just saved you a fortune and possibly your life. 2022 if the trajectory continues, will be the point of no return. 2034 Australia will be a third world country like Venezuela. With support, I can at least buy a new mic

Its not irrelevant

You are a stupid Aussie

Religious nonsense. Stop spreading this Christian horseshit

Btc Ag Au.

Crypto & precious metals in that order!

No more "Lucky country" eh?

coming from anglo-saxon pirate country statement that "indonesia has history of invading" is rich..what dumb analysis..indonesia is afraid of anglo-saxon thugs and not other way around

+Manu Datta You just confirmed why Indonesia is a threat. Plus acknowledge that it may be revenge on white people. Gotta get those white people for the sins of those hundreds of years ago hey

haha part of and loyal to pirate empire which has almost invaded all countries of world and looted them and still looting..yeah sure..

Fear is in the heart of the most aggressive of men

Start with better infrastructures, some faster trains. Unfortunately we can't fight the masses of fools in this country from top to bottom.

We can try have people with Chinese backgrounds be more patriotic towards Australia instead of against us too. Many in Australia are patriotic towards our country but we are having Chinese netizens infiltrate

China is the new Japan. Australia's problems will stem from the economic collapse of China.

Dreamer. Lived in Indonesia for ten years. Business here is impossible. Corruption graft and they dont like or support forieners. You stick to your google you tube and crap. Grow up travel and see the real world.Be grateful you can still buy fresh safe food in oz.As for foriegn investment you sound like you dont have a cracker. If you dod you probably be one us greedy people making hay and keeping it quite. Scare tactics by another uniformed stay at homer..still living with ur mother ?

Very good points

Libor rate ;)

No glass steagall in USA. Bill the Clinton threw that in the garbage back in 1999. Then the economy crashed...

This is a warning to Australia. It's a pattern which is happening here

Hippo in the Room I was an Australian engineer and designer for many years and ran an engineering manufacturing business for years. I have been considered a pioneer in some things. Australian government policies eventually drove me out of Australia. Banks did not want to lend me money to manufacture, but they were happy to lend me money to buy real estate. I then went to America and began a business there. Mistake - I returned here and began importing from China. This was good but I could see it was a short term thing. Manufacturing was my thing, not importing and marketing. I loved creating product and seeing it where ever I went. You are very right and I came to the opinion that we must join with China. It is obvious that we are in the geographical and trade sphere of China who have become the giant of the sphere. It is the only way I can see our future, but I have taken a lot of flack whenever I spoke about it. I have spent a lot of time in China and if I can't convince other Australians to save themselves I will simply save myself. I will never be able to get my head around the fact that highly intelligent people can be so stupid. I resent their ability to attack me for my realistic views. The years of easy wealth have blinded them. I never relaxed in my journey and I certainly never got it easy. Listen up people - China is our future.

Glass-Steagall stopped the banks from conducting speculative market operations which endanger customers deposits. It was law in the America for decades but was finally repealed in the late 1990s which helped create the conditions that led to the GFC. As it stands now the banks can gamble on the stockmarket (or elsewhere) and if it goes badly there is a chance the bank could collapse and depositors may lose everything. Although in AUS (last I heard), deposits were insured up to a maximum of $250k but this is in effect a subsidy from the government to the banks which is unconscionable.

https://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_legislation

Great video, you should consider buying cryptocurrency like Litecoin and Bitcoin.

You are wrong! Australia is a very smart country, actually the envy of the world even for digging big holes in the ground.

There is only way to win... read the 1611 Bible and put your total faith in Christ. Nothing else is going to save you !

Mate Australia cant even build a new coal fired power station. All our politicians are UN puppets

SILVER MIGHT PERFORM BETTER, THAN GOLD,

the economy want collapse, however it might go into recession, the AUD will become weaker against the USD, CHF, GBP, the Aussie dollars will be the new pesos!!

It's all by design, no stupidity on the part of leaders. Canada has reserves of oil but is not known for refining. Also Aus and Can are very similar in immigration policies and growth. That is all planned and meant to be an ethnic dilution and breaking down of living value and living space. Conspiracies aside it is now a current forefront UN directive and had been slowly building in the shadows for 50yrs.

Dave - The Australian Labour / Liberal Party did us all over! Whitlam - Hawke - Keating - Howard - Turnbull - Lima Agreement - Australia Act - sold Telsra, Qantas, Commonwealth Bank, Power Stations, Large sections of Agricultural Land and Queensland Islands. Free Trade Agreements! - Allowed the sale of all Aus Gas - No local supply - Most oversea Companies do not pay tax. As they sold your future - Yes Lazy Aussies will not get off there arses, they keep voting for these grubs.

Lima declaration of 1975 if Aussies new about this Every political partie would be over

Great info DL

Also Singapore does not produce or refine Australian oil! Australia produces 70% of its own oil, however it is priced at the Singapore value. So Aussies are again ripped off

Financial Sector Legislation Amendment (Crisis Resolution Powers and Other Measures) Bill 2017

+Gary Mathew Feel free to link me anything used on facebook. I'll try get the word out too. Together we can change things

I agree with Dave, however not all our generation has been ignorant, I have been discussing this very scenario for over 15 years, to such an extent that friends now actively avoid discussing it with me. They are all ostriches, and we have destroyed 3-4 generations into the future. We have pigged out on credit for 40 years. Btw physical gold not paper gold. And I think it will come sooner than 2022.

Hey me too, but i work in Europe.

Apillbox ALL WESTERN COUNTRIES ARE HEADING FOR COLLAPSE!!!

The ‘China shit ‘ won’t be irrelevant soon... they are planning to take over the world!......between the Muslim parasite ‘refugees ‘ and the Zionist psychopaths this should be the best circus yet!!

Murat Harman. Mk 10:25 I reckon! And that is because most often the rich have to burn their conscience standing on their lesser fellows to get their wealth. Not for me thanks! Thanks for the 'goose-honk' on our way home. See you there! Maranatha!

+Mark Shirley well said my friend... Mark 10:25 (KJV)

Murat Harman. True, but that is because since Constantine in 325AD wedded his murderous political Empire-building selfish ambition to the Christian doctrines by morphing those doctrines into the Pagan ceremonies and holidays adding Jesus name to them, the catholic institution has NEVER been Christian. Which is why it has shed rivers of blood and been sexually deviant all the way up into this day. Jesus is NOT religion. Religion colluding with politics had Him crucified, but God/Jesus turned that atrocity around to pay the death-penalty He demanded of our sins. "The wages of sin is death = separation from God FOREVER! Take Jesus blood/death and you are home free.

+Mark Shirley you're absolutely right.. what is happening now is written in Revelations... but the Vatican is making sure people ignore the Bible so they won't find their way home through the teachings of Christ.

Beau Wetini. The great thing about this day is you will see Bible prophecies unfold in a way your heart may not survive. That is if you don't get hit by a bus first. Take care today my presumptuous blind friend. Watch Damascus. BOOM!

Lee Turner. A TRUE 'God-Botherer' is someone who has believed and received as fact that God/Jesus death/blood on His cross has paid in full the whole demand He made on us for our sin, which is death = Eternal separation from Him in hell. NOT annihilation. And that WHOLE demand being satisfied by Jesus Himself, enables Him to give the believer His own nature to live out of. And in that new nature we bother Him every day over the troubles we see within and without until He says ENOUGH! and He takes His own up in the rapture so He can judge this wicked world for the next 7 years of the tribulation under the Antichrist. Read it in Revelation chapters 13 & 14. OK?

The ‘mass disappearance of a certain group of god-botherers’ ?????

bluexman1 bluexman1 what veggies do you use?

Giang Truong yes and your country has the worst HUMAN RIGHTS IN THE WORLD! How’s the internet doing CENSORED FOR YOU ALL BEFORE YOU SEE ANYTHING! GOOLAG IS WORKING ON IT FOR YOUR LOVELY GOVERNMENT

Dr. Fu Manchu you’d know would you? Living on a farm in fu manchu land are you??

Chris H take it out and keep it stashed away, safe places all over your house and garden! If it’s not in the bank then they cannot take it from you!!

Dave Lee that’s the Aussie spirit!

australias iron ore is cheap and also better then africas our wages are higher but that is nothing because wages are a tiny cost to mining. the percentage of dirt to iron ore is so high in aus that we dont need to dig as much dirt up. but i do agree about the rent seekers and general lack of innovation

What utter Rubbish.

Well worded statement.

Excellent video and very well spoken indeed. We need people like you sir in Canberra as our pollies dont have a clue. Thankyou.

In a worst case economic scenario, might Australia degrade into a US client state?

We have been since the US became the guarantor of our maritime trade security. Previously we relied on the British. The south China sea problem has shown that the US May not be able to guarantee our maritime security in the future. If China controls the entire Asian sea, then every country in Asia will have to do what China says. Simple as that.

The Fed Central Bank of US keeps rigging the precious metal prices reason being they have to sell US bonds, transferring their debts to the world. They knew this is the last rally of the US dollar as all these emerging markets’ fiat currency are tanking, inevitably, it will hit US as well. That’s why Russia sold half and by now, all of their US bonds and accumulating gold. China is staging gold, and JP Morgan Bank has been staging million tons of silver....... what we are seeing at the rigged prices of PM are simply the plays by shorting paper gold and silver by the traders.When US dollar tanks, all bubbles pop, PM will rocket to the sky and then there will be a global currency reset, back by gold to a certain ratio. So this may well be the last chance to protect your wealth by getting some PM while it is dirt cheap. Guess gold miners stock in Australia is worth investing as well.

South Africa would not be a good bet with all the land grabs ongoing....even if they make a deal with China.They will go down the path of Zimbabwe.

Zimbabwe might be a good investment now. New government and about to change from using bond currency. Plus China has moved in with some investments. Africa has a few opportunities now

It’s not so much the rental parasites, which have helped jacked up the property market, it’s the Chinese and Indians who are buying without any restrictions. It’s all due to greed from the government , real estates agents, banks etc profiting from this!

Best investment imo is productive arable farmland. Grow and produce for your own needs, sell the surplus. As little debt as humanly possible, don't just look where you currently live, seek out opportunities. Invest in Australian stocks for tax effective dividends and support your countries industries. Drop your consumption on meaningless shit, you're wasting time working for it that you'll never get back. To sum up-Farmland, no/little debt, save, invest, spend time with family/doing what you love.

Australia's abject subjugation to the Zionist controlled USA is going to be our downfall. Most countries have dumped the US Petrodollar, the only thing besides US government bonds that is holding the USA together financially. It's starting to happen and will slowly build, the next thing you'll know, the American dollar will be worth Zilch. Im thinking about buying Texas for like maybe $14. lol

Gday, great video. It mirrors a lot of what I,'ve been reading over last couple years( nobody wants to hear about it when you bring it up in conversation) but a question- who are you again??

Not cool how you call everyone in Australia "DUMB" and "STUPID" how do you know you are not one of us? Just remember you couldn't pronounce Glass SteGal correctly.

Australia is a 1/3rd owner of the IELTS global human trafficking fraud scam racket. It is therefore 33.3% responsible for the financial compensation payable mostly to citizens of India and China whose life course have been destroyed by IELTS examiner profiteering fraud. I estimate that Australia owes approximately USD$33 billion dollars in compensation to IELTS's (IDP Education) human trafficking fraud victims. Morrison can save money and offer permanent residency visas for the hundreds of thousands of international students who have been scammed by IDP Education IELTS which is owned by Australia's public universities. http://www.thefreeschool.education/language-tests-review.html Concerning this presentation. Too many Australians have purchased second, third, fourth etc homes on credit prior to paying off the home in which they are living as their prime residence. This bubble with burst.

The best way is keep America as good friends (not their PUPPY) and China a trading partner, don’t get involved in South China Sea issues, nothing to do with us, and focus on our own business and country and people and jobs etc

You are so right about Aussie stupid by not developing its on products - It is a obvious fact that you can make way more profit on producing products from raw materials than selling the raw materials itself - The only reason I see why they have done it the way they have is to purposely crash Aussie economy and then they (China) swoop in and rescue Aussie by buying up all the resources (land) ....... guess it is all lose/lose for Aussie and NZ as well by default (Our major banks Aussie owned) - On Gold & Silver, over long term Gold & Silver always pays off - look at historical data. I asked my PM dealer about gold sales couple years ago, they told me that people here NZ, selling real estate and buying Gold. I personally think unwise to buy real estate in this over inflated market - buy Gold, wait for prices to drop (estimated 40%) then sell gold and buy Real estate.

Deport all immigrants .me included.and over take nz . ha ha

What an excellent assessment and well done for the research. This was packed full of information and a pretty accurate account of the status of Australia

Spread the word. It's not too late. We have until 2022 to create huge change in this country. Or our next generation will be living in poverty

China will continue to buy food and other resources from you. Being allied with African countries are having more political impact than economical impact to China. They cannot buy food from Africa. China under xi jinping does not have any real ally around the world. USA, EU, Canada, and many from the west are starting to move away from China. Even Russia's closeness with China is hard to confirm if that is real. China xi jinping, thus look for friends from the third world by paying, paying and paying. This is a stupid way to find allies.

As the Australian currency drops. The food will be very cheap for China. Therefore we will not have much quality fresh produce for ourselves. I made a video on this last year

great info... Australian politician are Zionist puppets....

They are puppets. There is a pattern I've noticed but don't want to expose them because we need to focus on solving these problems ourselves. Our politicians are in trouble because Australians are stupid bogan fools who are the real problem. We need to wake up and fix these problems now. Somehow educate the bogan fools to help us, instead of destroying us. Australians always blame the government when the real problem is themselves. Look at the cfmeu recently protesting wages. The problem is them, they are the most overpriced, unproductive bunch of useless construction workers in Asia. We are surrounded by 3 billion Asians that are building huge skyscrapers em mass and cheap When we are a huge country, with no property, high prices because of supply and demand, yet these bogan fools want more money! Sorry but this makes me so mad. I used to be a construction plumber, so I've seen it from the inside too.

Very interesting video, but it surprises me that you haven`t mentioned Australia`s environmental collapse due to Global Warming. The wet areas are getting wetter with catastrophic flooding, and the dry areas are getting dryer. You don`t have enough water for the cities, you have cut down forests that had supplied your water, and your farms are dissapearing. Surely this will impact "the economy". When you come to the point when you have to import your food, where will you get it from? You won`t be exporting it much longer, I am afraid. Your government should be investing in desalinization plants and irrigation systems. You are right. Your government is very stupid, but so are all the others!

Dennism how will they be able to pay for it? Do you buy coal from them? Maybe asbestos? Also, as the climate deteriorates all over the world, there may cease to be any food surpluses for export--anywhere.

they will be buying food from us New Zealand.

35% of Australia exports is commodities ( not 35% to china) switched off after that at 1:40

a little knowledge of everything economics is also dangerous. It's very easy to sit there and talk on top of your jead.

mate! australians do not vote for the pm.. GET FACTS RIGHT

OZ IS A STUPID NATION! WHITLAM showed the way for OZ by creating a new MARKET. SO what do we do? antagonise CHINA

Your research is fairly good, but you got a few things wrong. 1. Inflation is caused by printing fiat currencies to infinity - refer to G. Edward Griffin 'The Creature From Jekyll Island'. 2. The fault of the real estate boom belongs to the banks, not rent seekers. See the Banking Royal Commission - lending to people who couldn't afford to pay and for manufacturing the 'wealth effect'. 3. Chinese buyers of real estate was a currency flight from China looking for hard assets. 4. Investing in businesses (unless they are Bear businesses) is very risky in the current environment. 5. The reason it is so hard to set up a business these days is because of the uncertain legal environment in Australia, and globalisation, which means the laws here are designed to send businesses overseas. 6. It's hard to buy property because wages are flat and are not keeping up with inflation which is again caused by the banks. 7. Saving for retirement forces people to look for yield in property because the interest rates offered by the banks are lower than inflation. I could go on but this will do for now. Basically its the banks that are the real culprits, not rent seekers.

There's a law in Australia that allows the government to buy your gold for any price they choose in times of crisis.

I care about this country as much as the locals do. Moved to Aus back in 1994, educated and worked here, tax payer for a good 15 yrs. Owned my house with hard work and a good money management strategy and didn't follow suit with the masses in the real estate speculation knowing that it will correct at some stage. But look around you see all the FOMO buyers persuaded to join the herds by their accountant, realtors or even their families and friends. Often than not Chinese buyers park their money here in Aus on the properties hoping to get a good gain, but i don't think majority of them paid in full for those unit and houses, it's the banks that handed out the money. There are way to many stimulus (1st home buyers grant, free stamp duty, low interest rate, negative gearing, capital gain tax etc) from the government over the yrs to keep the property markets from falling with taxpayers money simply because we have no economic diversity to fall back on other than raw material export and real estate. Like you mentioned all our money are locked in non productive assets and less are invested in technology, business, infrastructures etc that will keep the economy going strong in the long run, but we are seeing non of these happening. Hate to admit it but Aus are slipping down the rank compared to other developed countries. Imagine what a high speed train could do to help the country, ppl could live in the affordable regional areas and still make it to the metro for their jobs, have some spare cash saved for some retail spending and holidays instead of save every penny for the mortgage repayments. I truly hope for a change soon or may be only a meltdown will make the masses see the truth.

ENJOYED YOUR THOUGHTS, but isnt the real problem the FRAUDULENT FIAT ROTHCHILD BANKING systom where a doller is debt not astore of value untill this changes [gold backed] and gennie oil is stopped from starting WW3 ,YOU are not going to be able to have a decent future

I laughed out loud "dummy rent-seekers". The world over (except Asia), you nailed it there!

Indonesians kill animals with sledge hammers and eat them ...they are devils ...meat eating devils

australia is leading the way in computing eg QAUNTUM and medicine , yes it does have the really large disadvantage of probally the best reserve of minerals in the world but you are right it does have economic problems HOUSING

silver

Maybe not 20 years ago because properties were still expensive then look back early nineties then property was affordable. Stupid governments are the cause of the demise of this country in favour of cheap imports and too much red tape to setup any sort of business here.

Marilyn Muscat depend on how much money you have, everyone wanna have a lamborghini, end up you still driving your 20 years old corrolla

Same in the UK with housing. My parents generation have done very well out of property, easily got mortgages, saw their wages shoot up, were earning 50-100% of the value of their house within 20 years of buying, were mortgage free at 50, inherited their parents house, retired, bought a 2nd or 3rd home to rent out, in-turn increasing house prices. Financial Crisis of 2008 results to low interest rates and increased house prices too. House prices rise at 7% per year for 10 years.......many millennials who are trying to save for a property at at a lost cause, saving money at this rate, with low interest rates, means, at best, that many young people can only save at that rate house prices are increasing at. Time for a collapse in house prices, please! Way overvalued.

I left Oz back in 97 and i cant believe how they have ruined a once mighty nation.

We can fix this, if we work together

+Dave Lee I totally agree with you re NZ defence budget. we don't spend nearly enough.its frustrating but I have no involvement in this direction.our biggest mistake was getting rid of our air strike force.

Unless we cut immigration. No welfare unless you were born here, prepare our Navy to defend our maritime trade, put pressure on nz to increase their military spending n stop relying on us, make sure Indonesia will pay a huge price if our trade is threatened, prisons should be creating products to subsidize the cost, block wechat and any Chinese social media, bring back patriotic schooling, lock up anyone who works against AU like Sam Dastyari, enforce one language, if someone got into AU by marriage, if they divorce, they go back to their country. Gee the list goes on. But you get picture

+Manu Datta Ad Hominem attacks. I stand by my belief that Indonesia "could" blockade Australia. Even a written agreement cannot change the fact that what I said is possible.

get educated..Australia was willing participant in all war of aggressions in middleast and part of 5 sisters gang....you cannot fool anyone and btw wasn't it till 70s you guys had aborigines listed under flora and fauna..history starts in 2015 ? ..amazing you have gall to teach indonesia or any other country about human rights..and i am not indonesian

+Manu Datta You are confusing America and Australia. Close tho

yeah like bombing iraq with "sexed" up dossiers ..destroying Libya..so 100 years back..everyone is afraid of you anglo-saxon blood thirsty 5 sisters gang and you are doing drama here of ooohh being afraid of indonesia ....like usa is afraid of iraq? ..indonesia who is not even a nuclear power will attack Australia for sure ..be very afraid..drama queens

+Dave Lee Disappointing that you only know the bogans and sex tourists. You really scrap the barrel / stoop by relying on base gutter refference suggesting "most" fellow aussies travelling or living in Indonesia are drunkards or offenders. Anyhow Dave back to your aussie economy. I watched it and commented, i guess thats why you posted it ? To get response/feedback/opinions? No need to be too sensative.

Oh and wearing a bintang T-shirt doesn't make you worldly. Every uneducated bogan I know wears one. And most of them are sex tourists.

I've traveled the world, started out in a housing commission with a single mother who bounced from man to man, this is why I understand geopolitics. I've got money and am no fool, just care about my country, although most Fools don't care about Australia anymore. I'm in the Oxford UK genius, perhaps you should at least look at my channel. Now, you lived in Indonesia hey? divorced and moved there for the young poon hey? Well imagine what a middle aged Indonesian man thinks when he sees old white men nailing young Indo girls... He might hold a grudge? Or you dumb enough to think he is OK with it... We they are not and they would love to put some of these sex tourist bules in graves. Wake up for god's sake. If I was an Indonesian man, hell I'd be planning revenge too

You've been to China right? Me too, many times. We cannot compete with China in anything. Please, help me spread the word. If people won't listen to you, send them some of my video's. We can still change this and save Australia I believe.2034 is the cut off tho

So True! We were sold out to the globalists a long time ago : https://www.australianconservativecoalition.com/the-lima-declaration

It is FDIC secured up to 250K anything above that you are too rich for your own good.

The point of no return has already passed. The depression is locked in.

'Best investments; your own education, living frugally while saving your cash' Yes! Well said! This is exactly what I'm doing! I live in Aus, but regularly travel to Philippines for work.

Chris i do not give financial advice, i would suggest doing your own study & research which by the looks of it you are more than capable of doing. You have alot of good options with those assets thou for sure, Looking deeper into the GFC scam & the court cases in iceland & reading the court doc & all the correspondence from the central banks was very interesting for myself. I think its like any industry you really want to look at the most successful people in whatever industry & pay very close attention to what they are doing with their funds, not so much what they say But what they are actually doing with their own personal wealth etc In this day & age, listening to as many varied sources as you can is always a good thing & then using your own critical thinking to make your own educated decisions is vital. Its a sad fact that most financial planners have their own agenda depending upon who employs them & what products they make the most % from, Not what is best for the so called customer. sad but true. All the best Chris

Greg Raynor In your opinion what do you believe to be the safest bet in regards to safeguarding ones self from the approaching storm? I own 5 properties. 2 in metropolitan Perth, 5 mins from the CBD. One 1000sqm block with 4 units in rural WA near a goldmine. One 50 acre block with house etc near same goldmine and one 30 acre block with house near Bunbury WA.. Perth ones are paid off. Do I sell some and invest in gold/silver?

+jim pratchen jim old boy, put down the Herald Sun and come back to reality

Chris Pike  wow , really great reply, did you think it all up by yourself or did your mum give help? Please explain Mr Vacuous- what the geopolitical landscape is and how it relates. Please explain what YOUR argument is today. What I am expecting in reply is an expletive laden personal attack on me. So I await your reply.

Jim it seems you’re not up-to-date with the geopolitical landscape we’re currently in.. Your views would have made for a good argument 15-20 years ago..

Venezuela is not a third world country? It is suffering under US sanctions and destabilization for not giving up its massive oil deposits to predatory US and Israeli Zionists. Left alone Venezuela would have one of the highest standards of living in the world as Libya once had before The USA, Israel, UK, and France attacked and destroyed the country, murdered its democratically elected leader and turned it into a failed state because it wouldnt hand over its oil to the Zionists.

I don't think Australia have crude oil . Research which nations "import more oil" most and which nations export oil before making nonsense comment. China build infrastructures (tangible trade) USA kills and bomb.

"Human right"? Which nations is killing others under the false flag 9/11 inside job "terrorist attack"? And exactly how is there no censorship in "Western nations"? Did you guys heard about "bailin bills" or did you voted for it? Why u have a "government"(bunch of puppets for private banking criminals) if you are "free"? You the biggest DEBT SLAVE morons in the world (ranked 2nd in private debts) . Free your asses from that moron. China can censor USA or "Western nations" bias shit dumb news because they can....they can make search engines, 5G, mobile network, super computers and nations like u CAN"T and dictated by USA and being spied on everytime …..SUCK ON THAT .

Lee Turner human rights, your big brother america just quit the union

good economy or not food always sells

I enjoyed your video, but have to strongly disagree with your statement that Ausis have never invented anything.... Do you think that the Kangaroo just invented itself?! Come on.... give credit where credit is due.

The main reasons many big businesses doesn’t want to come to Australia is the isolation,we are to far away from Europe and shipments and freight are going to cost more,worst,they cannot sells much because we have too few people,peoples mostly lives pay checks after pay checks,most are deep in debts because they are not taught in school on how to manages money,no savings in their cultures,so ,creative Australian goes overseas,Ralph Sarrich,Poppy Girls.Australia needs 500 millions peoples to operate well,big pond with few fishes hopeless.

"Out of the mouth of babes!"

Winning!!

australia total greed and materialism is the creed.

Stop selling agricultural lands to the chinese. China plans to use Australia as the food supplier for them as they run out of agricultural lands. No foreigners are allowed to buy agricultural lands in China. As for Indonesia, investing in Indonesia is quite risky as the radical muslims are gaining power and influence steadily. Already, there are signs of creeping islamisation of Indonesia. The current President Joko Widodo is a reformist but he is surrounded by corrupt politicians.

In the event of economic crisis, the first things the Australian government will do are: 1. confiscating depositors money from the banks in order to recapitalize the banking system, ie. the bail-in law which was quietly enacted in Feb 2018. 2. raise taxes, at least double the current (already high) tax rates to fill up the government coffer.

My money and I left australia

you don't even have time to make the video and why wouldn't any one support you...

you have a lot of good points, I cant find anything on actual threat of pirates and I have to admit I find it hard to believe in this day and age, also considering australia has a pretty strong navy, especially in comparison to pirates xD also bro just gotta add, theres still quite a few aussie innovators, consider Atlassian, Halfbrick, Hipster whale, to name a few, I know this isnt most of the economy, and I absolutely agree that we are in trouble, especially when the average person wants to get ahead by buying more properties(even negatively geared), just playing devils advocate :P

Am expat here in Philippines.... good ROI here and got different business projects....let me know if you want some insights

OMG......what an informative video ......you realise what l have believed for some time...Australia is totally screwed.....run buy illegal socialist politicians ....your money in the bank is NOT yours and the government can take it.......fucking socialist out of control WAKE UP AUSTRALIA

Thanks for the video mate. First time I have listen to you. I am twice your age, lost everything and starting again. Not easy as I have no time to catch up. One thing I have observed as an older man compared to some people almost half my age. Younger people appear to spend their funds on new cars and an expensive lifestyle as opposed to the baby boomer. They want it NOW. But I have always been against negative gearing on housing, as it has only really served the Government Treasury. Australians have often been treated like cattle into one tax haven while our tax system has never encouraged small business or smart people. And it never will.

The parasites comment wasn't directed at people like you. It was more for people with 3+ properties who increase rent every 12 months. Also I'm not going to pretend to have all the answers. All I know is that something needs to be done now

Good work, thanks.

YOUR A JACKASS . Get off your lazy pathetic ass and put some real effort in like the people used to do in the old days . I used to work 12 hours a day 7 days a week, that’s why I own a house. Your nothing more than a whiny , lazy assed little maggot who wants everything handed to him on a plate and do f. All to deserve it . I’m hearing a lot of “ I THINK “ coming out of your dumb mouth but the truth is you’ve got no real idea . Got to the end and just as I suspected the good old patreon account and the please donate line . YOUR JUST PATHETIC, I never heard you talk about real work once it was all about where to put your money to make more money without having to do any work . THE REAL PROBLEM WITH AUSTRALIA IS ALL THE LAZY , PATHETIC , CRYBABY LOSERS BORN AFTER 1985 . You couldn’t handle it when you got pulled off of your mummies tit and had to go out into the real world and pay your own way . F- - - all of you know how to do a real days work . YOUR ABSOLUTELY PATHETIC AND SO IS ANYONE STUPID ENOUGH TO GIVE YOU MONEY .

Turnbull invested 1 trillion of Superannuation money into US infrastructure??? what are you banging on about. The whole system only adds up to 3.5. The Future Fund only has 100 billion total. where are you getting these statistics from.

This one says 2 trillion https://www.cnbc.com/2018/02/22/australian-prime-minister-turnbull-trade-infrastructure-pitch-for-trump.html I do my own research before making these videos. You are in good hands. I care about Australia's future and the last thing I would want to do is lie. I leave the lies to politicians and the corrupt Australian media

The article actually said 2.5 trillion. All research links in the description. As I said in the video

Dash digital cash mate, obtain from inflationary currency all together! Dash is well on the way to become the primary currency in Venezuela due to the hyperinflation there.

been putting my savings into gold for the last year, its the only safe investment atm

Great video. Yes, Australia has gone down the tubes. Ever since GST was introduced it has been a downhill run. And yes, the place is full of dummies, just greedy self centered, head in the sand dummies. I have to laugh when I mention some of these problems to people and they just dismiss it like there is nothing wong, I mean wrong.

I look at Australia plenty of opportunity & resources, but she fail to make used of it to create value and economic activities. Most people are lazy and demand high income but refuse to contribute. Butter do more and talk less.

Smart people create new techniques to fulfil human needs. For example industrial TN 4.0 with combination of AI, Cognitive Computing System and Logistic Purchase & Supply System.

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