The whole economy is a Ponzi scheme set up to fleece the sheeple. Those beholden to the banks will fair very badly during the next crash. I have learned from what happened in the past and am sitting waiting for the next credit event so I can be on the right side of the trade.
Those who aren't protected from economic desolation will become the new underclass in the years to come.
Gold, Silver and Crypto's all the way. And no debt you can't afford when the market wrestles back control of interest rates from the central banks. Rates will over correct initially and will wipe a vast amount of people out.
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Yes SirKnight and loved ones have locked in interest rates where they can and paid off as much debt as they can. First run of defaults and the banks will lift their interest rates so fast to protect their margins that it will make your head spin.
What pisses this Knight off though TP - many Australian's have serious super savings invested in high risk assets which they are unable to touch to pay off the loan on their low risk home. Superannuation really is a double edged sword for society which creates a false economy.
Only those with inflation proof assets will be safe, property won't be one of them. Gold, silver and Bitcoin dude.
The banks will be stealing people's deposits soon enough and private pensions will be nationalised. Most are going to suffer greatly and sadly won't see it coming.