Make no mistake,
the world is headed into unchartered waters,
experiencing unsurpassed levels of debt and long-term low interest rates.
The US dollar is the world's reserve currency, but how can the world trust a currency, which is based on unlimited debt creation and money printing.
The United States has been running budget deficits for over half a century, trade deficits for over forty years, and is now on the road to ruin.
The effect of the credit growth is not highlighted in official inflation figures, but has created high inflation or hyperinflation in asset values, sending the values of stocks, bonds and property skyrocketing.
Credit expansion has created massive wealth for the minuscule elite and unprecedented private and public debt for normal people.
Today, most people in the world have little or no savings and have left themselves extremely vulnerable to a government that may default in its social obligations, which could include currency debasement, pension entitlements and free or subsidised medical care.
With the current state of the world economy, this could be seen as a likely outcome and the only way to overcome a 2.5 quadriliion debt and liability problem.
Sadly, however that would introduce us all to an entirely different world, one that so few are prepared for and dare I say, particularly here in Australia.
This time will be different for Australians,
because this time we will not be able to rely on China to come to our rescue.
This time they have enough problems of their own, with spiraling debt to GDP, a devaluing currency and ongoing trade wars with the United States.
Australia is headed for an "economic Armageddon", with record household debt, record foreign debt and a massive housing bubble creating a perfect storm that could "wipe out" millions of families if there is a global shock.
In the twelve months since John made these assessments, not only have Australian policy makers not taken any substantive action to reduce Australia's chronic structural imbalances, but these imbalances such as household debt, household savings and net foreign debt have continued to worsen.
PROPERTY VALUE DECLINE
In Australia, in just the last few months, property values in Sydney and Melbourne have plummeted, as the bank's lending criteria tightens.
INTEREST ONLY MORTGAGES
Interest only mortgages begin to convert to principal and interest loans, increasing the borrower's monthly commitment on a median property from $600-$800 per month.
Many experts are now predicting a depreciation in house values over the next 3-5 years.
The current fall in house prices in Melbourne is the most dramatic in recorded history.
THE WORLD IS NOW STARTING TO SEE VARIOUS SCENARIOS BEGINNING TO PLAY OUT!
The Italian and Turkish situation has indicated how fragile the financial markets are and how quickly these markets can move.
Within the space of seventy-two hours, the Turkish Lira depreciated 22% in value and Gold soared 80% in value in the same currency.
Future moves in the financial markets of this scale and speed have the potential to radically change economic conditions across the global economy within months, if not weeks.
CHIEF ECONOMIST & KEYNOTE SPEAKER
Only the stupid and the ignorant would bet against 5000 years of history.
It remains most concerning that not only are many Australians and policy makers unprepared for an extreme economic event, Australians haven't braced themselves as to how quickly such an event may materialize.
2012 US PRESEDENTIAL CONGRESSMAN
Right now, we are at the tail end of one of the biggest monetary inflationary experiments in the history of mankind.
THE MOST IMPORTANT AND SIGNIFICANT ECONOMIC EVENT IN 2019!
SATURDAY, 27TH APRIL 2019
452 Saint Kilda Road
Melbourne, VIC 3004
SATURDAY, 4TH MAY 2019
488 George Street
Sydney, NSW 2000
This event is designed to provide you with the tools to prepare and prosper in these increasingly volatile and uncertain times, and deliver the missing pieces of the economic jigsaw puzzle.
WITH JOHN ADAMS
We're giving ten conference attendees the unique opportunity to join us for an exclusive dinner reservation with John Adams and the owners at As Good As Gold Australia for a 3-course dinner and drinks at a fine dining restaurant following the events held in both Melbourne and Sydney.
This offer is available to all conference attendees, but there are only ten seats available for each dinner reservation. If you would like to be one of the very few to join us for this rare and intimate dining experience, please purchase your dinner reservation ticket in the location where you will be attending the conference.
Our team will personally reach out to you prior to the event to notify you of the venue and dinner reservation.
1300 295 833
Westpac House, Level 30
91 King William Street
Adelaide SA 5000