I didn’t pay much attention to the Australian budget a couple of weeks ago. We had our Doomers’ Ball on that night. I was speaking at the event......
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I argued for some time now that there is a war on cash. That the government is ushering us to digitise our assets to lock us into the banking system.
All you youngsters, stop thinking the government is meant to improve things or make them fair. The government will simply do what it must to stay in power.
When under pressure, people tend to make mistakes. This applies to businesses and governments. After Hurricane Katrina, US government made costly errors.
Australia’s debt problems are far from over. The budget estimates gross debt will reach $725 billion by 2027, which could take another century to pay off.
Purchases of digital currency will no longer be subject to GST. Meaning the only time you’ll pay tax on your digital currency is when you spend it.
Labor and the Greens have long been pining for a tax on the big banks. We’re surprised because it’s a tax on every Australian.
I didn’t watch a second of the budget circus last night. The lies, the spin, the selfish focus on what do I get out of it…it makes me nauseous.
Your editors tackled how these issues are affecting markets. They looked at how you can invest to protect and grow your wealth during times of tension and potential crisis.