The GoldSilver Team
APR 25, 2020
Today’s special presentation is a textbook example of the consequences of a ‘government-mandated’ bubble. This is not just for Australians, everybody needs to watch this video because this kind of situation is coming to a government near you sooner rather than later.
In 2013 Mike Maloney visited Sydney and Melbourne and gave presentations warning investors of the immense scale of the local Real Estate Bubble. This was compounded by two major factors - Australia’s reliance on China for export income, and the insane size of their banking sector when measured as a percentage of their GDP. As Mike said at the time, ‘When China sneezes, Australia catches a cold.’ Well, China sneezed…and Australians are now staring down the barrel of their first recession in a generation.
Mike Maloney had written a chapter on the Australian Real Estate bubble for his latest book, still a work in progress. But because of the fast-changing pace of the situation in Australia, he decided to release it immediately as a video, a final warning to Australians to start researching, get prepared, and buckle up. Thank you for sharing this video with your friends and family. Good luck.