We are probably due for free dollar handouts again in Australia. Remember Prime Minister Kevin Rudd’s $1,000 handouts in 2008? That was deemed a huge boost to the economy at the time (don’t mention the debt).
They’re likely to repeat it in order to try to kickstart the economy now – why not $5,000 this time? $10,000?
The damage to supply lines caused by the Covid hysteria was immense and will continue to reverberate through the world economy, not just the Australian economy, for years – if not generations. Now, on top of that, we have further disruption brought about by the equally hysterical reaction to the Ukraine situation. Governments worldwide just do not understand how economies function. They have never created a problem that they then could not make even worse with a daft ‘solution’.
If you do receive a ‘cheque in the mail’, then immediately scamper down to your local bullion dealer and exchange the dollars for Gold and/or silver.
A time may come when you will not be able to acquire Gold and/or silver coins or bullion. I suspect that time is closer than most realize.
‘Free’ dollars equals ‘free’ Gold and/or silver.
What a whimsically wonderful way to end the absurd Alice in Wonderland, seven decade long, credit party.