'Warning': Australia's economy facing 'exactly the same problems' as the US
'Warning': Australia's economy facing 'exactly the same problems' as the US
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@caveyful Says:
Wake up people. This covid thingy was orchestrated to provide a scapegoat for the coming immigration-lead inflation. Many western governments were in on it including our then Liberal government. Now it's very difficult to make people admit it was a pre-planned conspiracy after they were brainwashed into all the pro-jab hype and suggesting anything else causes them cognitive dissonance.
@lovechineseforeverever2 Says:
TERRIBLE TO LIVE IN TENTS DURING WINTER. SO COLD DAMP AND DISEASES. SO SORRY NO CHINESE MONEY
@savagegfry Says:
Yes, because the US Obama Administration is being copied exactly by the Labor Australian administration, in terms of radical, mindless green policy and massive green new deal spending, even cutting student debt, and mass migration. So, expect our economy to fall of the cliff also.
@SebastianYap-xj9ju Says:
Bless the God of Shem and cursed are children of japeth the king of global North
@joe-dirt697 Says:
Haaa! Stop working! You fools!! πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚ Live off welfare might as well help sink this sinking ship!
@teatree6228 Says:
Usa rate will not fall in Nov-
@teatree6228 Says:
Hang on- not exactly the same The USD is the world reserve currency AUD will fall further in value as our rates are 1% lower than USA and also lower than many inOECD RBA has to up the rates to at least 5%
@anitacohen8753 Says:
We are stuffed! Thank the Coalition for leaving interest rates far too low for too long! The Aussie romance with housing took over! Where is Frydenberg now? Now, we just have to pay up and smile. Pensioners were being deemed more by Centrelink than they received in bank interest. No wonder they lost!!!
@AnthonyTolhurst-dw1nc Says:
Yup! 51st State.
@adamchan1998 Says:
πŸ˜‚πŸ˜‚
@lovechineseforeverever2 Says:
NO CHINESE MONEY TO SAVE YOU THIS TIME AUSTRALIA. YOU TREAT CHINESE BADLY, SO REAP THE REWARD. SO VERY SORRY.
@benhall6840 Says:
You had economists like Shane Oliver from amp predicting 3/4 rate cuts at the start of the year now one lol how about none till 26 suckers
@tonyb9560 Says:
Interest rates are on the low side of normal.If people think mortgage rates of 2/3% are going to come back they need to face reality.The rate is normal about 5/8%
@francescostello1377 Says:
Really, it's taken our legacy bought and paid for media, long enough to fall in on this one? US Hegemony, which controls all of the western world, Inc Australia,!! Is failing daily, into the abyss. The global north, is being challenged by the global south, BRICS nations, whom are sick and tired of being controlled by the US Dollar! Their never ending wars for Empire, policing the world, and stealing others resources as they go.
@alexwoo3504 Says:
Because we have the exact far left Albo government similar to US
@CLH-of5rr Says:
What a brilliant evil plan to rid the world of people. Let's stone these bastards
@milleniumfalcon8654 Says:
Doesn't take rocket scientist to figure out why?
@jannaZX Says:
Strange, so are all the countries that sanctioned Russian oil and gas ... ?
@PaddyAU Says:
Both Labor and coalition have fueled the property bubble. Going to be a massive financial crisis- the one we should have had in the GFC but no China now. Will be worse
@vichetkim5533 Says:
Like all main stream news headlines, they only report what they want you to hear, never the truth, the whole truth and nothing but the truth.
@davmac6148 Says:
The issuing power for Australian currency should be taken from the RBA to be restored to the people, then to be put in circulation free from all debt and obligations of interest. The Banks hath the benefit of interests on all the money which they create out of nothing. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain. Quote: - let me issue and control a nation’s money and I care not who writes the laws.” Mayer Amschel Rothschild (1744-1812) They who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people. You will own nothing and be happy that is their policy; wars, terrorism, poverty are all effects caused by the privatization of money compound with interests. They own you, they own as all.
@downtoearth1950 Says:
Our rates need to go up! Or inflation will continue to throw aussies under the bus
@aaronaaron3003 Says:
In country Victoria where there are no jobs you have had people from Melbourne city coming out and buying up to half a dozen properties each for investments and also moving down here themselves its actually made things a lot worse because there were no jobs out here to begin with but now you have all the indian & Asian migrants buying up all the local businesses and they are imploying only their own race (most likely because they pay cash & below the minimum wage) and the house prices & rental prices are almost the same as Melbourne city now when these areas have been the highest unimployment areas for decades it just doesn't make sense whatsoever. Iv been out of work for almost 4 years now after multiple back surgeries & i can't even find a couple of days a week work let alone full-time so im having to spend quite literally over 90% of my unimployment payments on my rent & can't even afford to pay my bills. The homelessness numbers in this country are nothing right now compared to what its going to be in the coming months & years its going to get absolutely out of control. Im in the cheapest place i could find & its still costing me over 90% of my unimployment. The government should be prioritising jobs in these type areas we have all the coal fired power stations here that we were promised would employ us for our entire lives & most of us have done apprenticeships for the mining & power industry because thats what we were told our area needed when we were in school yet the government has let foreign owned companies shut down our power assets and put thousands of people out of work and the remaining power stations already have their closure dates set for the not too distant future. What are people supposed to do when even the unimployment isnt even enough to pay their rent & bills let alone food and there is no jobs & your already living in the cheapest place in the country. This government is so far out of whack its not funny.
@tonycostanzo4276 Says:
The Freemason who are controlled by the Jesuits have destroyed Australia
@ben_astro Says:
Because our dollar is backed by the U.S. dollar
@paulphotios3920 Says:
Us problem is it will soon be using 6% of gdp to service its loans according to other sources. What exactly is ours to theirs ratio.
@cairnex4473 Says:
Our problems are way worse than America's. We've got as incompetent a government with no realistic prospect of replacing it for a better one, a cowardly, weak, timid and stupid population with no bill of rights or capacity to defend ourselves from the barbarian hordes the government is busy importing... I would rather be in America any day.
@Tarotjackpot Says:
Why did the Brisbane government give people money for electricity ? Doesn’t that reverse what the reverse bank is trying to do ? Stop people spending ? When money not spent on electricity bill this money will and can then be spent on something else.
@kylehines3185 Says:
πŸ™‹ ALL mRNA COUNTRIES that mandated lockdowns & printed FUNNY MONEY are facing the exact same problem (or soon will be), and rightfully so ! 😠
@philmelb1022 Says:
Yayy more interest for my savings.
@belindapezzutti9671 Says:
We are the United States of Australia, does not surprise me one bit... Australia was sold out years ago unfortunately 😒..
@leewilton5082 Says:
You will only vote ALP, Lib or Greens if you are happy with the current direction. History shows that we are being led by incompetents.
@shyamchabra5355 Says:
Jimmy came back to Australia a changed boy. Most Aussies were looking forward to reduced interest rates. It is not going to happen. Pay more you bastards!
@davebrookbank4831 Says:
What, morons in charge
@iamurage Says:
Funny you should say that 2nd in charge of Reserve Bank of Australia, she is in charge now, told senate estimates, reserve bank was 'broke' but no problem they could reverse the problem by printing more money. That was last August 2023.
@Esporadamoita Says:
They are killing the economy and the taxpayers in a slauter house to bring the CBDC.
@user-dc7st2lm5g Says:
Australia is mimicking Bidenomics , it's all by design .
@user-hj2kt4xc9h Says:
Same Immigration policies also!!! Flood the Country in Preparation to Pull the rug out from under Australian and World Citizens in Preparation for their Globalist, Microchip Dictatorship
@HS-PGA Says:
It’s worse here we have variable rates
@stevep9041 Says:
Bidenomics and Albonomics is one and the same thing.
@rogertracks7744 Says:
Of cause it would, being birds of a feather, - with the supposed governments that are in fact only corporations, registered in the USA, serving other masters.
@mudbutton2 Says:
Socialists in charge.
@ivansultanoff6719 Says:
Idiots here follow idiots in US
@antoniomantilla7080 Says:
something i expected no surprise
@caseysheafer7044 Says:
Stop printing money
@repentorperish1405 Says:
Wonder why?!! [sarcasm/'OFF'!]
@jjsc4396 Says:
Depends on timeframe reference. Australia is DEFINITELY in the pre-GFC phase as for the US in 2006-7. In mortgage debt at extremely dangerous levels that you've been warned about for at LEAST 5-10 years. But, kept going! Your economy is now so completely reliant on residential property retaining (and/or increasing) its value, BOTH your political parties are desperately pumping the demand gas pedal via mind-bogglingly ridiculous levels of net in-migration. Exacerbating an already insane housing crisis. "Lucky Country" yeah right.
@au7-721 Says:
So Australia has a bunch of crooks in control of the government too?
@easyz6654 Says:
Very coincidental that Australia and the US are suffering from the same affliction - a manic obsession with renewables to the exclusion of cheaper forms of energy. This is the elephant in the room that the media does not address. We are a country awash with resources to cheaply power our economy yet we sell every kg we can dig up to China to burn at will and turbo charge their economy while we're left wondering if we'll have enough gas to get through winter.
@olddog-fv2ox Says:
Welcome to unservicable debt, lowbeams

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