Three ways to increase money flow and spending through the economy is:1) Reduce interest rates and we now are at a unprecedented 0.1% cash rate which is dangerously low because of deflation.
2) Stimulate the economy through grants, hand outs, welfare and reduced taxes.3) Infrastructure spending which is slow to get off the ground because of bureaucratic red tape.
I am not too hopeful that the government has much more left in the tank to do more than what they have done already. We are heading towards a $1 trillion budget deficit in 2021 i.e. $1,000,000,000,000 or one thousand million is a billion and one thousand billion is a trillion. That is huge considering that just over a year ago it was half that amount. We need to prepared for the worst, pray for the best and expect the unexpected.We will cover more on this during our Webinar on Wednesday 25th November 2020 at 7.00pm AEST / QLD time or 8.00pm ADST / NSW/ / VIC. . Make a commitment to attend this webinar to get the knowledge you need to secure your family's future in the uncertain times ahead. Please put this date in your diary NOW. This is too important to miss.
The link to the webinar is:
The webinar is one hour. Looking forward to seeing you on the webinar.
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