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RE: The number 1 problem facing the world today is DEBT!!!

in #silver7 years ago

Thanks for another great article! I have a question for you: I understand that fiat is doomed in, lets say the US, because of massive debt levels, which will result in deflation and then inflation as central banks bring out the helicopter money... But is that situation really the case for us as well in Australia and New Zealand? Are our governments printing money like this? Our debt levels aren't as bad as the US and others so could we just endure deflation without the helicopter money, making our currencies safe?

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Thanks for the reply, I think Australia is setup for a spectacular crash in my opinion, our personal debt in Australia is the highest in the world. Our housing prices are the highest in the world and we havent had a recession in nearly 28 years, which is the longest economic expansion in the world. So Australia has a lot of problems of our own. Cheers