In this latest interview, Darryl and Brian Panes from As Good As Gold Australia speak with Chief Economist, John Adams.
The RBA has raised rates this week for the second month in a row, this time by 0.5% and up to 0.85%. What is John’s assessment of the impact they will have on the economy?
In addition to raising interest rates, the RBA has announced its Quantitative Tightening program, which will commence this month. What does the program entail and what are the ramifications likely to be?
Will the RBA ultimately be successful in tackling inflation, and if not, why not?
John believes the RBA will have to pop the bubble to successfully tackle inflation and provides a stark realization of what that might mean. Are you ready for it? How about a repeat of the 1892 worst ever depression and unemployment north of 30%.
There is a day of reckoning coming and a nightmare scenario on our doorstep.
Now more than ever before, one needs to hold the world’s historical number one safe haven investment – gold. We have been warned!