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No-nonsense Aussie exposes the huge problem with country
An investor vented his frustration at an issue that has become an unfortunate reality for millions in the country.
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Economic Expert Warns: 'Australian Dollar is Broken,' Impacting Everyday Life
SYDNEY, Australia – In a recent episode of the Sonia and Simon Podcast, economic commentator Adam Hudson delivered a stark assessment of the Australian dollar's diminishing value, asserting that the nation's currency is "broken." Hudson highlighted the growing necessity for Australians to monetize personal assets, such as converting homes into short-term rentals and private vehicles into ride-share services, simply to manage escalating living expenses. "Our money is broken," Hudson stated, emphasizing that the increasing cost of living, from housing to groceries, is a direct consequence of this devaluation. He further challenged the conventional economic view that inflation is a necessary component of a healthy economy, suggesting instead that it contributes to the financial strain experienced by ordinary citizens. The discussion underscored the urgent need for Australians to adapt to a changing economic landscape where traditional financial stability is increasingly elusive.
