Economic Collapse Confirmed! | Australia housing market 2020 // & Economy (Update)

In this video i give an Australia Housing Market 2020 & australia economy update. The Housing Market & Economy is heading for an Economic Collapse. I Discuss the Australia Economy, Australia Housing market and the ASX Australia Share market. I go over how everything is connected and how the risk is mounting that we are about to enter a new financial Crisis very soon.

It is best to prepare now before it is to late and i give you some tips on how to prepare for the Economic Collpase towards the end of the video.

My last video on Reserve banks Grim prediction for Property Investors.

Time Stamps
0:00 intro
0:40 Australias Most Important Chart
1:50 Goverment Stimulus being withdrawn
3:52 25% of businesses closing down
5:36 A new Crisis is brewing
9:05 What does this mean for you?
10:49 What can we do?
11:35 Thank you

Disclaimer this video is not financial advise it is for entertainment purposes only.
Please see a financial adviser to discuss your own personal situation.
Michael invests & tries to make money will not be held liable for any financial decision you make.

[MichaelCowann]

Some Huge news has reaveled there isn't going to be a V shaped recovery but rather that the situation is about to get much worse.
I Put in a lot of hours for this video so please drop a like for the holy YouTube Algorithim!
Check out my last video for some more positive news.

[MrFastFarmer]

Martin never asked me, but I'll tell you something crazy. My gross sales are 40% down, but my business accounts have never looked so good. It's not just handouts, it's also the savings. ie no travel means reduced fuel and tolls

[yogibbear]

Don't worry if we all buy 2 houses and not just one we can keep the ponzi going!

[smitty]

Great stuff, love hearing the reality of economic situations, the news channels never tell you the full story of what is really happening

[chrisparkes]

I just hear Jim Morrison singing “ This is the end, my only friend, the end”

[sm-yesb]

Wow, love it I sold my house, now I will just sit back and wait. The bad news is good for me.

[Paul-L]

Now it will get interesting, for those not ready HOLD ON. Like I have said, no more smashed avo on toast with skinny cappuccino 😉 Thanks Michael

[nagesha]

Thanks Michael, Stumbled upon your channel while searching au property market. I thought you are informing about real scenario now. But when I see all ads on property market in au in youtube ads looting people, they are like its all sunshine and rainbow :-D

[Buildcircuit-blog]

Your presentation is very good. You channel will grow. Keep it up.

[OmnipotentPeaceMan]

I invested in a PS5... I might have to invest in a Xbox X next.

Great video man, ^_^ Lucky for me I have most of my money offshore.

[ashleycowan]

Thank you for always keeping it real! 💯🙏

[C]

Thank you Michael for clarity on the oncoming economic freight train calamity.

[johnfelleisen]

Great point about loans on deferral still being carried on the books as “good” loans.

This speaks volumes as to what’s really happening.

[KimberKimber-jjec]

Outstanding content darling thanks for all you do. God Bless from Oz Down Under

[Jack]

I do like your work mate, keep it up!

[theadventuresofzoomandbettie]

Great video mate. Well thought out and presented.

[lal]

I was waiting for new video. Thanks mate

[mytopfashion]

Looking forward to see some dirt cheap Melbourne CBD properties.

[nikolashaidar]

Another excellent vid - perfect timing during this dire situation. I believe this is the biggest over reaction by govt's that I've ever seen & the damage is done....almost like it's been done on purpose. So the question is - Why ?? 🤔

[betonh]

You are so true so many businesses already make million for the last 6 months free labours.