Steve Baxter
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Appearances Over Time
Podcast Appearances
But then, you know.
The arguments don't matter.
if that's the yeah I mean a hundred percent right if that's the case and why why attack precious metals crypto Bitcoin or small business sales hmm like don't touch them and just make it for the housing market what was actually broken I don't understand what was broken I meant for them to sort of say that government spending that's all sort of say that at some point post 99 and post those capital gains that changes that sort of flood of money into the into real estate just doesn't it's it's a single factor answer to a multi-factor problem
So you only have that.
Okay, you have that as a factor.
Then you have also immigration picked up.
You have the China miracle sort of pick up in the early, you know, leading up to 2010, 11, 12, it was still a miracle.
I'm more happy with it, if you know what I mean.
That was still sort of playing the game.
So there's all these other, we had a minerals boom.
By God, there's a massive minerals boom because of the China thing as well.
So who really knows why that happened?
You just can't sit there and say, ah, look, that change in 99 was the reason.
I'm like, right.
Really?
Please show me the data on that, genius.
Yeah, look, debt's a massive issue, and it's a massive issue for our kids, right?
Everyone's paying it off or not getting their community services because of it.
Also, what has happened is that money's being borrowed and it's being racked up as debt.
That money that's being borrowed is actually being injected into the community, so we're seeing the inflation issue.