John Adams: Australia’s $20 Billion Interest / Year Debacle

• As Good As Gold Australia
  In this latest interview, Darryl and Brian Panes from As Good As Gold Australia talk with Chief Economist, John Adams, and discuss Josh Frydenberg’s Federal Budget, grounded in modern monetary theory (MMT). Why has the RBA and Treasury placed such a strong emphasis on unemployment, and placed it front and center of national economic policy? The Australian debt continues to escalate, and the interest payable will fall on the shoulders of our children, and their children. $20 billion a year until 2025 – and then what? Just print more to pay the interest due, and then some more, which further increases the debt. And then print some more again! In 5000 years, it’s never worked – when will they ever learn? In this environment, gold and silver remain supreme as a safe-haven investment and protector of your hard-earned wealth.

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