Chances are you already sense the 'Lucky Country's' luck wearing thin...
With the showdown in China, stagnating wages, high household debt and weak job growth, recession is increasingly likely for Australia. What most Australian's don't realise is how serious and deep it will be...how much it will change things...how long it will last...and what measures you need to take now to look after yourself and your family.
The End of Australia, first and foremost, is a wakeup call. Vern Gowdie coldly and meticulously proves that the global debt crisis is finally coming to Australia's shores. And debt crises tend not to have good endings...
But The End of Australia is also a survival manual.
As Gowdie shows in vivid detail, Australia's 'Long Bust' will be life-changing. People will lose fortunes. Dreams will be shattered. But, for those astute enough to read the signs in advance, there will also be chances to make a fortune.
This book outlines the steps necessary to protect yourself and your family from Australia's 'reversion to the mean'. Because the fact is, this crisis is now inevitable. But you still have a small amount of time to get ready, while the means of saving yourself remain cheap, easy, and legal.
Gowdie's view on what's coming is similar to other forecasters I've read. Although he's less positive about holding gold than many others. It's the timing of of this collapse that is hard to predict--it's already overdue by some accounts. His strategies about cash, which banks to use for cash, and SMSFs are all sensible. Also useful is his suggestion about being ready to enter the market and take advantage of low prices. Tips on how to recognise that point are valuable, although I can't assess their accuracy. This is a good summary and critique: http://cpds.apana.org.au/Teams/Articl...
Gowdie is an easy to read book on money..debt and forthcoming crisis. He makes a compelling case for taking action to survive the next economic downturn
A revealling summary of tge economics behid growning debt. How to handle the predicted economic collapse is advised - but the advice section nees to be expanded.