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It used to be gurus predicting the tops of stock markets. Since the GFC there is a glut of those who try to predict the next financial disaster.
I suppose then they can release a book saying they predicted it if one did happen.
Certainly now is a good time to make hay while the sun is shining.
Fortunately for us Australia is the best placed western economy to withstand another recession.
One thing that is different though, China, not beholden to the people, make policies that steer the country through these messes and are also
not beholden to the west and its monetary system.
I agree the abolishment of the gold standard was the beginning of the next turmoil and the first thing the big manipulators would want to get rid of. The GFC couldn't really have occurred if countries still ran on the gold standard. It makes it so much harder to manipulate a currency and value when money's value is pegged to physical reserves of gold.
Greg.
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