Australia is trending in the wrong direction.

Debt per home is increasing exponentially, up 100% in 10 years from $150,000 to $290,285 per home.

The most alarming part is most of the debt is in the younger generation.

Australian GDP has spiraled lower and lower since 1970, as countries backed off from the gold standard, the sacrifice was economic decay as they print into oblivian.

If you're not holding assets that are scarce and desirable, the gap between you and the wealthy has widden more than ever.

It's not just Australia, most countries GDP have collapsed in the same time frame, as banks got bailed out over and over diluting your bank accounts, and the economy requires 10% more sugar each year to get that positive GDP growth hit.

If no one is working 10% harder each year, how does the economy grow?

There are only two ways an economy can increase their wealth:

1. Generate a good or service that attracts international money. NET IN from their money printer.

2. Our own money printing.

Australia, rich in commodities, was the foundation of our countries growth since the 1900s. POINT 1 above.

Over the last few decades, we have sold out many of our projects to internationals, and losing this edge. Losing POINT 1 above.

Secondly, education / international students make up a large part of our POINT 1 above.

The question I ask to those old enough, was Australia a better place to live in 1980s than it is today?

Where would you rank Australia in prosperity in the 1990s, to where it is today?

#aus #ausriches #australia