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True, so most will have to go Bankrupt

Over supply is one component. There was liar loans, Synthetic CDO's, Lack of Jobs, credit card Debt, and of course Banking system Failure (The credit freeze).

Most Banks in Australia in the past (Until 2010) lent 80% to 100% to a lot of people. At the lower interest rates.

Housing is not an investment to the average joe. It is just a Home. Unless you can make money (income), after all expenses. Otherwise, most people rely on income from their jobs to pay back the interest.

Also, Money is coming in from China. China are in control now.
Chinas interest rates are up now too.

Nope, we use the Bail out money from the Federal Reserve in the USA
And interest Rates just keep on going up?

Of course we are paying high rates on stamp duty (depending on the sate you investing in), GST, legals, Insurance, and more costs to boot.

Inflation is high here in Australia.

Oh RAMS? yess? Westpac took over their good books, god knows what happened to the bad books.

Also. NAB, Westpac and possibly other Banks are in a poo. And already had bail outs from... The FEDERAL RESERVE BANK back in 2008 and 2009. And we only just found out now? What have they not told us? Oh,,, those massive Bank profits might be a give away.

Yess. I love my Media that details nothing and our Crook Government who work for the Bankers. Excellent stuff

Oil is going up to 150.00 USD per Barrel and then to ~$200.00 USD. that should make life interesting I'd say.

<blockquote data-quote="electronicmaster" data-source="post: 600878" data-attributes="member: 19418">True, so most will have to go BankruptOver supply is one component. There was liar loans, Synthetic CDO&#039;s, Lack of Jobs, credit card Debt, and of course Banking system Failure (The credit freeze). Most Banks in Australia in the past (Until 2010) lent 80% to 100% to a lot of people.&nbsp; At the lower interest rates.Housing is not an investment to the average joe.&nbsp; It is just a Home. Unless you can make money (income), after all expenses.&nbsp; Otherwise, most people rely on income from their jobs to pay back the interest.Also, Money is coming in from China.&nbsp; China are in control now.Chinas interest rates are up now too.&nbsp; <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" />&nbsp; &nbsp; Nope, we use the Bail out money from the Federal Reserve in the USAAnd interest Rates just keep on going up?Of course we are paying high rates on stamp duty (depending on the sate you investing in), GST, legals, Insurance, and more costs to boot.Inflation is high here in Australia.Oh RAMS? yess?&nbsp; Westpac took over their good books, god knows what happened to the bad books.Also.&nbsp; NAB, Westpac and possibly other Banks are in a poo.&nbsp; And already had bail outs from... The FEDERAL RESERVE BANK back in 2008 and 2009.&nbsp; And we only just found out now?&nbsp; What have they not told us?&nbsp; Oh,,, those massive Bank profits might be a give away.&nbsp; &nbsp;Yess.&nbsp; I love my Media that details nothing and our Crook Government who work for the Bankers. Excellent stuff <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" />Oil is going up to 150.00 USD per Barrel and then to ~$200.00 USD.&nbsp; that should make life interesting I&#039;d say.</blockquote>

[QUOTE="electronicmaster, post: 600878, member: 19418"] True, so most will have to go Bankrupt Over supply is one component. There was liar loans, Synthetic CDO's, Lack of Jobs, credit card Debt, and of course Banking system Failure (The credit freeze). Most Banks in Australia in the past (Until 2010) lent 80% to 100% to a lot of people. At the lower interest rates. Housing is not an investment to the average joe. It is just a Home. Unless you can make money (income), after all expenses. Otherwise, most people rely on income from their jobs to pay back the interest. Also, Money is coming in from China. China are in control now. Chinas interest rates are up now too. :) Nope, we use the Bail out money from the Federal Reserve in the USA And interest Rates just keep on going up? Of course we are paying high rates on stamp duty (depending on the sate you investing in), GST, legals, Insurance, and more costs to boot. Inflation is high here in Australia. Oh RAMS? yess? Westpac took over their good books, god knows what happened to the bad books. Also. NAB, Westpac and possibly other Banks are in a poo. And already had bail outs from... The FEDERAL RESERVE BANK back in 2008 and 2009. And we only just found out now? What have they not told us? Oh,,, those massive Bank profits might be a give away. Yess. I love my Media that details nothing and our Crook Government who work for the Bankers. Excellent stuff :) Oil is going up to 150.00 USD per Barrel and then to ~$200.00 USD. that should make life interesting I'd say. [/QUOTE]

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