Links May 12: Sell

Comments

  1. Chinese commodity demand falling. Article above. This starts to happen and Australia is screwed.

  2. Prince,

    Further to my comments yesterday and previously to you viz. the endgame of compulsory superannuation, and my prediction of government confiscation-by-stealth in due time, this might interest you (and/or others) –

    “Following in the footsteps of a rather ignominious list of nations like Argentina and Hungary, the government of lreland is set to take its ‘fair share’ of private retirement funds.

    Drowning in debt and faced with unpopular, unrealistic, ridiculously unpopular austerity measures, the government has announced that it will now tax private pension savings in order to raise 470 million euros (roughly $675 million) per year… a lot of money in a country of only 4.4 million people.”

    http://www.sovereignman.com/expat/how-the-us-government-will-seize-your-retirement-account

    But of course, “it could never happen here” … /sarc

    Looking forward to the article/series we discussed on this topic area.

    • Thanks David – I already noted that yesterday I think – its a mandarin copying policy that I can 100% see occuring here.

      My boomer article yesterday was just the start – I will be doing some more on superannuation as I’ve said.

      Just wish I didn’t need to sleep – I’ve got so many things up in the air at the moment. Including getting ready for a little Prince/Princess, due in a few months…..eep