For obvious reasons, the RBA and other central banks are desperately trying to avoid the shame of having their sins found out. More money printing. More propping up of zombie companies. More interest rate cuts.
Today, we consult the (fictional) ‘Argentine Economic Survival Manual’. There’s no better resource. Because there’s no cockamamie money scheme…no jackass spending program…and no underhanded rip off that the Argentines haven’t tried…at least once.
Has the coronavirus brought forward the day when Australia has to choose between Chinese money and American security? That’s the topic of today’s Rebellion.
The real economy is collapsing. Central banks are flooding the system with money, but this is taking us further down the rabbit hole.
The Five Eyes refers to the strategic alliance between the US, the UK, Australia, Canada and NZ. Worryingly, the report identified Australia as being the most dependent on China out of the five countries.
Necessity may be the mother of invention. But it is the deadbeat dad of intervention, too. The authorities use ‘necessity’ to meddle, control, tax, and spend…while providing no real support.
‘Australia has arrived at its moment of truth. It is now presented with the explicit choice between sovereignty and money.’
These so-called balanced funds are at risk of becoming very much unbalanced in the coming months and years. Which means a not so SUPER outlook awaits those who failed to rigourously question the industry’s spin.
Overnight iron ore prices jumped 3.5% on both supply and demand changes. For one, China is starting to ramp up their demand for iron ore as they reopen their economy.