Ordinary Australians are blindsided to an approaching economic storm system.
Obscured from view in part by cultural disinterest, we are distracted and disarmed by an outlook that places misplaced faith in government and partly from history of, "She'll be right mate!". The Mother of Depressions looms over the horizon, economic alarm bells alert an audible warning. How many ordinary Aussies, working at their jobs posses a clue of the financial storm to be unleashed from a great altitude, threatening their job, destroying savings and slashing asset values? Depression #2 is not going to miss Australia's standard of living. Initially an economic stall, followed by a screaming social dive as failed home values, plummeting stocks, steepening unemployment, accompanied by a shallow demand for minerals will bite into export income?
Its sad to state, today binoculars are not necessary to foresee global economic cracks. The shift from peering deep into evolving financial chasms is under way instead to only needing a glance to detect the economic geopolitical rumbling. Financial cracks two years ago readily stepped over are widening today, now we must jump to avoid falling down the growing chasms, now sections of mainstream media offer news of clues foretelling tectonic shifts, one just has to connect the economic and political dots!
The Australian Government could change course, warn and prepare us for the nearby economic depression. Regrettably dirty business as usual for the corporate owned politicians, most who are disconnected from ordinary Australians lives is the way of events. The economic storm when it hits the fan will not miss elected representatives who sit behind the protection of Parliament House - one way or another.
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