(December 22, 2012 at 11:31 am)jonb Wrote:(December 22, 2012 at 11:05 am)KichigaiNeko Wrote: From an Aussie perspective the US economy has already collapsed and we are next.
Worry less, The Australian economy is to a large extent driven by the supply of raw materials as such even within the current time of stagnation Australia is likely to be an economy which does well, or at least suffers proportionately less.
Worry more jonb our economy is collapsing with a steady down ward spiral of "growth" and resource investment ended. The fact that our government has "redirected overseas aid funding to support our current illegal refugees" is indicative of a cash flow issue with no reserves in the short term to bolster your sentiment
But yes we are lucky that our "suffering"is much less than the EU or USofA
"The Universe is run by the complex interweaving of three elements: energy, matter, and enlightened self-interest." G'Kar-B5