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.Mike has also made his previous best-selling book available for free as a download, get it here: goldsilver.com/freebook
Thanks for sharing and clicking that ‘Like’ button. For those wondering why our videos don’t appear in their subscription feed immediately – we release our clips to our free weekly email readers first, then later we publish to YouTube. Sometimes it’s just hours, sometimes it’s a couple of days later. This is to encourage people to join our free newsletter – because one day, we may not have YouTube to rely on. Join our free newsletter list by going to goldsilver.com/ and entering your email address in the ‘Get Market Alerts’ box at the bottom of the page. As always, thank you for your support. M.