But there will not be, in my educated opinion, a massive collapse in Australian property prices. Why might you ask? I have five reasons that will insulate us as follows:
Trump hasn't done the goldbugs any favours, with the price of the shiny trinket nosediving to the low 1600s...
Considering the gold price was 1550 in 2009, it has basically gone nowhere for 7 years. Significantly down in real terms.
Lets just give it time.... you may believe that Trump will usher a new era where the previous gold peaks are not to be seen again... I suspect his term will see VIX to spike and some fear over his term that pushes Gold price up
My link never states "No need to pay it back”. That was your quote. You simply cut and reposted it and attributed it to me.
You are a liar Simon. You are a liar because you can not accept losing a debate. You lose the debate because you are ignorant, clueless and your World view is divorced from reality. So instead, you make shit up.
My link never states "No need to pay it back”. That was your quote. You simply cut and reposted it and attributed it to me.
You are a liar Simon. You are a liar because you can not accept losing a debate. You lose the debate because you are ignorant, clueless and your World view is divorced from reality. So instead, you make shit up.
Quote:
13 Nov 2016, 12:36 PM
So where will all the money come from to pay back all that they Borrow?
When i asked if the Govt Doesn't need to pay you said "Yes".
Quote:
Simon_S 13 Nov 2016, 01:17 PM So your saying the Govt doesn't need to pay the Interest nor the Principle back? Yes. The government is legally required to pay interest and the Principal. But like any government spending, the process is as I outlined in my link. So long as the central bank targets an interest rate, the bonds will always be sold.
The government is legally required to pay interest and the Principal. But like any government spending, the process is as I outlined in my link. So long as the central bank targets an interest rate, the bonds will always be sold.
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