WARNING, WARNING IS THE CHINA BUBBLE ABOUT TO BURST?
Reported SMH today- Increasing levels of debt have been a growing cause of alarm among China watchers over the past few years, particularly as the country’s growth has slowed. As Reuters noted: “China’s total debt load rose to 250 percent of gross domestic product (GDP) last year, and the IMF has warned that the high corporate debt ratio of 145 percent of GDP could lead to slower economic growth if not addressed.” China has also faced repeated concern over its rising property prices, with many fearing a property crash is on the horizon…
Did you read my recent post of what will happen when Australia’s Credit runs out? A China bubble burst will bring the Mother of all Recessions to us and world wide!
This is worth your serious consideration NOW!
WHAT WILL HAPPEN WHEN AUSTRALIA’S CREDIT RUNS OUT?
It is inevitable Australia will not be able to pay its debts! Today the debt is $1 Trillion and compounds at the rate of $1 Million every week of every month of every year.
Venezuela, Greece, Spain, UK, USA, Japan and many more countries are printing money to ward off the inevitable day of reckoning and when the value of the money they print has no value and a loaf of bread will cost hundreds if not thousands of dollars to buy it, parents will be unable to pay their mortgage, won’t have enough money to buy food for their children, senior citizens won’t afford or receive medical care or pensions, Banks will close and millions will become unemployed.
I have warned of this inevitable future for Australians while Governments borrow millions, billions and trillions of dollars to create the image that all is well and politicians continue to enjoy salaries and perks far in excess what Australian workers receive to clothe, educate, feed and house their families.
To ignore the reality of this is to live with false dreams. I have said many times neither LNP nor Labor know what to do to save Australia from inevitable financial ruin- I DO!
It is inevitable there will another Double Dissolution Election. It takes time to put together a team to contest a Federal Election and I must have 500 members to register my party under Australian Law.
If you want Prosperity and not Austerity for yourself and your family JOIN “AUSTRALIA NEW ERA PARTY” NOW and send me your resume to become a member of my team. Send an email with “I wish to join” subject line to email@example.com before it is too late!
You deserve better, your children deserve better and will say thanks Dad and Mum if you do! Cheers Ray.