As Good As Gold Australia: Australia’s Private Sector Economy is Tanking, 54 years of Debt Spending

The discussion centers on the current economic challenges faced by Australia, with broader implications for other global economies such as the UK and the US. Despite government efforts to stimulate economies through spending, the private sector is experiencing significant stress. Rising costs of living, including mortgages and energy bills, are forcing individuals to liquidate assets like gold and silver just to cover basic expenses. Official government statistics, particularly GDP and inflation figures, are viewed with skepticism due to perceived m**********n and lack of transparency. The conversation highlights that private sector GDP per capita in Australia has been declining for nine…