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Welcome to Australia’s Recession; Don’t Expect Immigration to be Reduced By James Reed
Yep, Australia is now in recession, so when this happens the elites like to really fry us, and turn up the immigration throttle to full power:
“Australia has fallen into what is known as a “per capita recession.” That means the country is relying solely on population growth to propel its economy. All this is happening as Nigeria follows the same path to becoming Venezuela. The dollar dropped sharply to a two-month low of $0.70 by midday as economists slashed their predictions for official interest rates to reach a record low of 1 percent by September, according to The Sydney Morning Herald. The per capita recession is raising questions about the government’s management of the economy ahead of the federal elections. Prime Minister Scott Morrison has repeatedly said economic growth will be weaker under Labor, but the final two results of this term of government show the Coalition will lead Australia back to the polls struggling to lift a slowing economy. Many economic experts believe that this next global recession will allow the public to open their eyes about the reality of government and central banks: that they work together to enslave the masses while lining politicians’ pockets with money stolen from the slaves (general population.) On top of this potential nightmare scenario is the fact that governments around the world comprising the largest economies have nearly all become debtor nations that are one economic calamity away from global collapse. As noted by Robert Gore at The Burning Platform blog, France’s Yellow Vest protesters may have inadvertently hit upon a way to bring about the collapse of the fiat money and debt system that is sustaining the very governments which increasingly suppress the people they are supposed to serve. -JD Heyes, Natural News
Could Australia go the way of Venezuela? There is not the same degree of socialist rot, as bad as it is, but Labor could change all of that with open borders immigration. In any case, the global economic catastrophe is rushing up to meet us:
“Although many declared the deceleration in the economy in December to be a “soft patch” that we’ve somehow recovered from, others aren’t so sure. The rest of the global economy is slowing down and sinking at a fairly rapid rate, and the U.S. economy will likely go with it. According to a report by Forbes, there is no “economic immunity” for the United States once the global economy is in tatters. The report points to many problems in the global marketplace that could signal a major downturn for the economy pushing the U.S. ever closer to an unavoidable recession. When the U.S. consumer goes on strike (quits buying things for any reason), the odds of a recession skyrocket. So, it would behoove market watchers to stop ignoring the growing potential for a significant economic slowdown. Japan’s latest employment data was very poor while China’s high and rising bond defaults are still showing a contraction although the February number (49.9 PMI – still slightly in contraction) moved up from the 48.3 January disaster. Other problems are arising in the Eurozone as well. The manufacturing PMI (Purchasing Managers Index) of 49.3 is the lowest since 2013. The latest U.S. trade deficit number was a record -$79.5 billion. Exports fell -2.8%. This confirms the weakness in foreign economies. Perhaps the only good news is that Germany did show decent January retail sales growth. That means consumers spent more of their disposable income.
The U.S. did not fare well when it came to auto sales either. New car sales in February were at an 18-month low. Part of the problem is that new and used car prices are now at record highs, and bank credit has tightened making getting into a brand new vehicle simply too expensive for many. A report earlier in February also indicated that auto loan delinquencies are now at highs seen right before the Great Recession. Just on the heels of the United States government’s debt surpassing $2 trillion comes the news that there are now a record number of Americans who are behind on their record high car payments. According to CNBC, more than 7 million Americans are at least 90 days behind on their auto loans, according to the New York Fed. This is a major concern, considering the average car payment in the U.S. is now $523. –SHTFPlan. Forbes states that it may be too soon to come to the conclusion that the U.S. has made it through the “soft patch,” or December of 2018’s market downturn.”
The great site SHTF plan provides us with up-to-date apocalypse information, and I read it each day, while eating my breakfast, consisting of a dry piece of bread and water, and sometimes I apply a thin scrapping of beef dripping, just to give me a sweet taste of the Great Depression. Version 2.0 should be here in a bit over a year, so I hope you are getting your tins of baked beans ready, flatulence of no flatulence.
“Economists have finally laid out a timeline for when they believe a recession will finally hit the United States. Some say a recession will come this year, but most agree that we have about 14 to 18 months before the proverbial SHTF and a worst-case recession strikes hard, all but eliminating the middle class. Fox News Business finally admitted that the economy is slowing down as we are nearing the end of the longest bull market in U.S. history. However, some financial gurus and market analysts feel that we are already in a bear market, many mainstream economists are finally getting around to telling the American public the truth. Growth is beginning to slow dramatically, leaving economists with the brutal task of guessing when the next recession will take a firm hold. Fairfax Global Markets CEO Paul Dietrich predicts that the United States’ economy is going to slow in 2019, from the 2.9 percent growth in 2018 to between 2 and 2.4 percent this year. Comparatively, the current consensus level of the ten-core leading economic indicators is similar to where we were at the same point in June 2000, reported Fox News Business. The 2001-2002 recession officially started in March 2001, or nine months later. Economic indicators are also very similar to where the U.S. was at the same point in April 2006. The 2007-2009 recession officially started in December 2007, or twenty months later.”
People need to begin planning now and certainly not taking on unsustainable levels of debt; not financial advice, just common sense. What is advice is to begin preparing now, if you have not get started. Nothing is lost having a good stockpile of food on hand, which could save money over the longer term with rising prices, as well as keeping you alive in the post-apocalyptic wastelands that was once Australia!