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YOU Will own Nothing and be Happy AUSTRALIA housing history STORY 🛑 People Cant Buy FOOD!

658 views · Published 10 August 2018 · 4:53 · Indexed 24 September 2026

Channel: Mike Martins · 2018 · News & Politics

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I read a powerful letter from a viewer in Australia who shared memories passed down from his grandmother — raised in the Great Depression in a corrugated iron shed with a dirt floor, surviving on little, wasting nothing, and watching swagmen wander the roads for work.

In this video:

How Australia’s younger generations, lulled by decades of rising property prices, are blind to downturn risks.

The loss of resilience — once people fixed cars and homes themselves; now dependence on endless services traps families in debt.

The parallels between Depression-era hardship and the fragile economy today, built on debt, speculation, and propaganda.

Why it doesn’t matter where you live — the global system of derivatives, over-leverage, and political mismanagement means when it blows, it blows everywhere.

A reminder that history repeats — wars, famines, plagues, and collapses have cycled for centuries, and we humans never seem to learn.

🔮 Prediction Reminder (Mike’s calls):

Years ago, I warned that Australia’s housing mania was unsustainable, and that derivatives + debt would make the downturn global, not local.

I said people’s disconnect from real skills and resilience would amplify the crisis — now we’re seeing it.

📰 Supporting Headlines

Sydney Morning Herald: Australian households face record debt-to-income ratios

Better Dwelling: Australia’s housing market tracks Spain’s pre-crash trajectory

ABC News: Generational divide deepens as young Australians priced out

Financial Times: Derivatives and global debt fuel systemic risks

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