Quote:
Originally Posted by hayseed
Australia is fast becoming Like that, Too.
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Yeah, take the mining and housing boom/bubble away and that describes Australia. It's increasingly likely we are going to end up like that when ore and gas doesn't get get exported and people are in debt more than what their houses could be worth soon.
There will still be rich people because they bought rock bottom cheap in the 90s though. But everything after that was a debt lie of wealth with cheap credit built on a mining boom economy and the banks lending too easy on free rising equity.