What I will demonstrate in this book is that the global debt crisis is coming to Australia’s shores.
And debt crises never have good endings…
Believe me, I don’t make this prediction lightly. And I have no interest in trying to scare you.
I’m simply following my research to its logical conclusion.
The global debt pile our lifestyles and retirement aspirations sit atop is the largest ever accumulated in history. Globally, hundreds of trillions (yes, trillions) of dollars have been created to finance our ‘cake and eat it too’ world.
The financial sector has grown obscenely rich on the ability to lend more and more dollars under a fractional banking system. And yes, the more they give out, the more interest income they receive, and the bigger the bankers’ bonuses. The remuneration structure rewards greater issuance of debt, not prudence.
Governments issue IOUs (bonds) like confetti to finance budget deficits. These deficits are the direct result of over-promising in politically popular programs, like generous welfare and healthcare arrangements. Taxes are raised to cover the shortfall, and within a few years budgets are once again in the red. Politicians simply cannot help themselves…they spend excessively to buy votes.
Witness what has happen in Australia since 2007. Eight years ago, Australia’s Federal Government was debt free. But true to form, our politicians have once again plunged us into the red. As at August 2015, Federal government debt had reached $379 billion. By 2020, it’s forecast to be $550 billion.
Has anyone given serious thought to how debt, measured in the hundreds of trillions of dollars, can ever be repaid?
There is simply not enough currency in circulation to even come close to covering the principal and interest payments on this mountain of private, corporate and public debt.
Based on the simple concept that if something cannot continue, then it won’t, it’s reasonable to assume something has got to give.
When it does, there will be a high price to pay…very high.
You may think the title of this book, The End of Australia, is hyperbolic.
But I chose that title because I sincerely believe that, in an alarmingly short time, the way of life we Australians have become accustomed to will end.
In these pages I will show you why, and what this means for you.
You can challenge every single one of my facts, and you’ll find that I’m right about each allegation I make. And then you can decide for yourself.
Will you act now to protect yourself and your family from the enormous correction — which I call The Long Bust — that I see coming for this country? I hope so. That’s why I wrote this book.
I’m going to walk you through exactly what I am doing personally, and what I am advising my friends and readers to do as well. I can’t promise you’ll emerge from Australia’s Long Bust completely unharmed. But I can just about guarantee you’ll be a lot better off than people who don’t read this book, or who ignore its warnings.
[PUBLISHER’S NOTE: It’s not the normal run of things for a publisher to publish anything for free…let alone old-fashioned hard copy books.
But as you’ll see in The End of Australia, the normal run of things is ending…
Some messages are so important they trump turning a profit. In fact if the take-up for The End of Australia is as big as I anticipate, we’re going to lose a lot of money on this book giveaway. But this warning is important enough to justify it.
The giveaway is imminent, so watch your inbox closely tomorrow…]