Australia’s EVERYTHING CRISIS! – From Housing Bubble To Cashless Society!

Josh Sigurdson talks with author and economic analyst John Sneisen about the recent troubles in Australia as they face a monetary crisis, a market crisis, a tax crisis and a poverty crisis some may say is all synonymous.
With the impoverished taking 4 generations on average to break with the family tradition of poverty, people in Australia are struggling. Tax revenue has fallen like a rock in the country in basically every category due to people making far less money.
Then there are the bubbles! The most notable bubble being the housing markets in Syndey, Perth and elsewhere.
As we’ve reported in recent days, there is a lot of investor confidence but no comparable fundamental value in many of the homes in Australia. This has lead to a massive bubble that can truly pop at any time. The construction industry is sure feeling it. Residential construction is set to slide 23%!
Victoria, ACT and NSW will have the steepest declines. These massive holes in the construction industry will dramatically affect growth in the economy as well.
The same old delusion of derivative and government lovers. This notion that we will watch it go sky high, we just have to be patient. Well many people in Australia are losing their patience as they see their money go out the window.
Resource rent taxation as well as oil and gas exports have been in a constant decline for years. The percent of household spending subject to GDP continues to crash through the floor as well.

You would think that in a reasonable world, when people can’t afford to feed themselves, it’s not exactly the best idea to steal more of their money, wouldn’t you? Well the Australian government continues to do just that.

Australia has been walking straight into a cashless society, gradually like a frog boil for some time. With the proposals to demonetize 100 dollar notes and potentially even lower denominations while attempting to replace passports and IDs with facial recognition, Australia is one of the most prevalent (if you want to use that word) cashless societies.

If your money’s in the bank, it’s not yours, it’s the bank’s. If your money’s always going through the banks via digital transactions and legal tender laws, it’s NEVER your money and you are essentially a pawn of the government and banking system. This is exactly where they want you and the opposite of where you should be. Be weary good people. In a cashless system that’s centrally planned, they can track your every move, stop payments, avoid bank runs and bail in banks if they wish. There is not much you can do to stop it. That’s why individuals have to break free from the centralized system, be self sustainable, financially responsible and educated as well as independent of any centralized system. Decentralize everything folks and rule yourselves! Don’t allow debt to overcome you!

Stay tuned as we continue to cover these issues closely!

Video edited by Josh Sigurdson

Josh Sigurdson
John Sneisen

Graphics by Bryan Foerster and Josh Sigurdson

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  • Randal Colling

    Assie RE has gone up WAY too much and WAY too fast. It was totally ripe for a down turn. Same thing in NZ, and Canada too!

  • Sylvia Armstrong

    You people are so full of shit! Always blaming your victims for your crimes. Judgement day is here fool. We will see who really won! Get off of my land white cancerous murderous land thieves! Go home you are not welcomed here!!! I am the Negros Real Indians Cherokees Aboriginals to these here lands you snakes renamed the America’s. We are the true holy seed Hebrews Yisraelites! And my YHWH(Yah) is coming to f-u-up!!!

  • Smufter16

    The whole western financial system is rotten. Bubbles are inflated and deflated while the insiders profit both on the way up and down. Meanwhile, the rest of us end up the victims of their engineered chaos.

  • chemtrails

    Who wants cashless society? It’s only to control the people. If the people don’t want a cashless socuaty, and they won’t, don’t let it happen!!

  • chemtrails

    You just have a. Leftist government. That won’t bring you far. Further more you are not independent and part stoll of the commonwealth. Which apparently is not so wealthy anymore! You need a right gouvernement, ask Trump how to do this.

  • Robert Spitz

    why don’t you talk about how the corporations OWN the government and their is NO FREE market anymore. REGULATIONS are needed to keep a market FREE from the control of the MONEY WHORE corporations.

  • Allen Allen

    You guys are clueless, debt based economics always fail . Whats coming will effect all u lazy overpaid desk workers

  • T hughes

    Can’t take you guys seriously. You guys recommended Eos
    Since you guys recommended eos it’s dropped by half and it’s run by pedophiles.

  • Kevin Clark

    I explain this to people in Toronto and they think I am crazy when I say houses will be half of the value from the peak. Wait until the dollar crashes, in Venezuela people are taking 100 0z of silver for their home and getting out of the country.

  • anon

    Australia is hell, property prices are so unaffordable due to mass immigration. Wages are stagnate and cost of living is through the roof. People here are taxed into the ground while the politicians get massive salaries and pay rises not to mention life time retirement funded. They give away billions to foreign nations also. Australia is a joke. Oh not to mention their MyHealthRecord scheme to intrude into peoples health issues, their systems get hacked all the time.

  • Mark Shirley

    This 23 year long gravy-run in Australia has effectively lobotomized the whole country, and the operation was completed by Fosters, XXXX, and a cuppla prawns on the barby. Then THEY took all our guns off us. There is talk of opening Oz up to the flood of white SA farmers needing to escape their butchering by the blacks. If they come over I guess it will just delay their incarceration and rough demise if they refuse to take that mark in their right-hand. It doesn’t matter which country anyone is in right now, the whole world gets led up that race into the chipping station sooner or later. We have God’s written Word on that. So what to do???? Get you rapture-ticket signed in Jesus/God’s blood, and use cash not cards, yell in the right ears in high places filled with low-life swamp-creatures. Whatever! Do what come to you, but have Jesus blood cover or its hell FOREVER when your number is up by whatever means. This end-game is for keeps now. Lots of people dying in crazy ways. You are targeted by both God and Satan. “The love of God is HIDDEN in Christ-Jesus.’ ‘Buy into the truth/Jesus, be changed!”

  • Mary A

    AUSTRALIA IS GOING THRU THE SAME REAL ESTATE “BUST” THAT THE USA HAD IN 2008. So are other nations like Canada. Problem is the “flipping” of properties like chips at a casino, instead of people buying homes for their own dwellings. Meanwhile, young families in ALL Western nations are being priced out of the housing market. Here in Central Florida, the average new home price in the Orlando area is $220,000 +. You need a 20% down payment and proof of sufficient income to obtain a mortgage, so most young couples can’t qualify. Therefore, they are stuck in the “RENT TRAP’, paying $1200+ / month for a crappy 2-bedroom apartment. Everywhere is turning into an URBAN GHETTO, with people just making enough to survive !

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