This is why Australian economy will collapse in 2016
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This is why it is inevitable that Australia will have a hard landing when it comes to recession; there is nothing that will save Australia from economical collapse.
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"there is nothing that will save Australia from economical collapse." yeah fuck that its 2016
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I''m getting of sick hearing the word "ECONOMY" they run it at the mouth like Verbal diarrhea.....you know?....business affects the ECONOMY.......The Community affects the ECONOMY........The weather affects the ECONOMY....Finance Affects the ECONOMY........I affect the ECONOMY somehow by just thinking about it..
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i live in australia..really I'm thinking seriously to leave...not worth..expensive..hard to find job
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AUSTRALIA IS OFFICIALLY A BANANA REPUBLIC. R.I.P australian manufacturing.
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We got rid of Tony and Joe much too late. Both these man just can't deal with number even their lives depend on it. A very big no thank you to the labour party for spending all ours borrowed monies. Also a big thank you to the liberal party for dragging their feet much too long before decided to remove the two no brainer.
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Id sure hate to have 3 properties and be well over 1 mil in debt atm,, like half the people I know hahaha
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hi
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Watch my a$$, for real!
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I've heard of an economic collapse, but not an economical collapse like your description says. we have one of the best demographics IN THE WORLD. Meanwhile I see no videos on your channel showing HOW EXCEEDINGLY screwed greece and other european nations are. I agree the capital cities in australia will take a serious hit in regards to house prices, but we aren't JUST MINING like everyone makes out. Its something like a lousy 18% of our exports. We have a MASSIVE agricultural/food export market, and it never gets mentioned.
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On The Verdict last week there was a figure put up of an Australian national debt of just under 600,000,000,000.I'm not sure if this includes private debt or is the sum of all monies owed by The Commonwealth of Australia Incorporated.Either way, it's over $25,000 for every person in Australia.No-one asks why we owe this debt or really, to whom.If the question arises at all, there's only a vague reference to international financial institutions-no, not even that-"money markets". Not good enough.Malcolm Turnbull, like every PM before him, is failing in his duty of care to clarify these things for the Australian people.I don't owe Goldman Sachs or the US Federal Reserve $25,000. What did they ever do for me?We now have almost no gold. That paragon of good housekeeping and financial common sense, John Howard, sold it off in the late 90's.We need to acquire some gold again and use that as collateral rather than giving control of our money supply to "international money markets".
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You cant make this prediction over one factor. Since this video was made the economy has picked up again.
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All these problems that the world is having will continue if we continue to use the same outdated concepts that are putting us in the situation to begin with if we actually tech technology into account we no longer need to use the outdated monetary economic system that we currently have we can transition to a different kind of system that is actually supportive while using technology does a console the resource based economy if you haven't heard of it I advise all of you to take the time to give a good look
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UK Australia and Newzealand should have single currency
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Recession baby, and record high house prices heading for the doldrums boom!
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