I don't see how either Australia or the UK is any different fundamentally. You both use fiat currency, don't you?
well I think it's not as bad in Canada since I think our national debt is somewhere around 563 billion (somethin like that).
True samboyellowsub, we are all getting a look at how one of the great money churning machine country's going to get out of it. Hopefully we can all learn from it.
yeh, there's no room for complacency in Canada or here in Ozzstralia !! The fact of the matter is that we all (gladly) accept Bernanke's counterfeit notes - and print our own dollars to absorb any US dollars coming in, so effectively Bernanke is pretty much the governor of the central banks of every single nation which accepts US dollars. savvy?? no room for complacency - which is why i convert fiat to silver as fast as i can save it!
Every Country is current in this position Fiat currency + years of outright lies on GDP, GNP, CPI, employment + sub inflation pay-rises for the vast majority, the cost of essentials rising and the real kicker all growing exponentially means that something will give very soon. The US has nuclear and biological weapons as well as being the only current Super Power with no equal. What does Australia have? Rocks and expensive real estate. Whoopee F***ing Doo. We sell the rocks cheap and buy them back value added Lucky Country? Only if you're being ironic
