This is the boldest chart I have ever created. I personally hope that it doesn't happen. Mainly because if this plays out, life as I know it will be changed forever.
A global depression will send the AUD to 0.27 as money flows to the USD the "current" World reserve currency. The so-called "safe haven".
This will be devastating for emerging markets.
The Australian real estate bubble will pop due to a wave of unemployment sweeping through the country & also the incredible deflationary wave that has started crashing over financial assets. The rest of the globe will be feel similar effects, but the Aussie mortage to income ratio will come back to bite us on the arse.
The catalyst for this move will be blamed on the CoronaVirus. However it is just the scape goat to blame the crisis on.
Our debt based monetary system has a limited lifespan.
Our current system; Fiat currencies backed by only the paper they are printed on, with the USD as the world reserve currency is on its last legs.
Global interest rates are at historic all time lows, the new money coming into the system is being created at an exponential rate, money supply is climbing the hockey stick faster than it ever has done before.
True global growth started dying off a long time ago.
Out of the ashes of the current system the phoenix will rise.
A global depression will send the AUD to 0.27 as money flows to the USD the "current" World reserve currency. The so-called "safe haven".
This will be devastating for emerging markets.
The Australian real estate bubble will pop due to a wave of unemployment sweeping through the country & also the incredible deflationary wave that has started crashing over financial assets. The rest of the globe will be feel similar effects, but the Aussie mortage to income ratio will come back to bite us on the arse.
The catalyst for this move will be blamed on the CoronaVirus. However it is just the scape goat to blame the crisis on.
Our debt based monetary system has a limited lifespan.
Our current system; Fiat currencies backed by only the paper they are printed on, with the USD as the world reserve currency is on its last legs.
Global interest rates are at historic all time lows, the new money coming into the system is being created at an exponential rate, money supply is climbing the hockey stick faster than it ever has done before.
True global growth started dying off a long time ago.
Out of the ashes of the current system the phoenix will rise.
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Invalidated