Armstrong Economics Blog/Australia & Oceania Re-Posted Jul 29, 2021 by Martin Armstrong
The rising discontent in Australia is shocking the world. As I have said, other nations invaded Iraq for abusing their citizens. Who will come to the rescue of Australians? The Australian police are violating international human rights, and the display of their brutality, some say, is reaching that of what they accuse China of these days. Coronavirus tyranny is the excuse to destroy the economy and build back better because the Socialistic system can no longer be supported. Full lockdowns have been imposed without justification. The government is no longer even bothering to pretend there are massive waves of deaths. The Australian government is no longer a free government, and all they can do in the future is suspend elections, for who in their right mind would vote for such tyranny?
Our models on the Australian dollar warn that a breach of the 7005 levels on a monthly closing basis will signal serious events ahead. The police are using COVID simply for social control because the government knows it is fundamentally on the brink of economic disaster.