The Forum > General Discussion > Sustainable Welfare
Sustainable Welfare
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We have a much bigger problem than worrying where our next Centrelink
payment will come from.
Note Japan's condition, 200% of GDP debt and a rapidly falling population
and an aging population.
They can never pay their debts.
The US is in the same boat, but while they are able to print the reserve currency
they can stave off the final crash.
The problem is if one of those two countries crashes because their
credit dies, our creditors will come running to us wanting their money back,
AND WE DO NOT HAVE THE MONEY !