$37 trillion debt. 25 million population. What could possibly go wrong? Oh and g’day from Perth, Australia
When we look at Australia, we tend to find that they are following in the same path as the U.S., Canada, the UK and others. Accumulate as much debt as possible, take as much risk as you can, and remove any protections put in place in the system. At the center of it all is the derivatives. This is a completely fraudulent creation of mad scientists and should not exist.
Derivative Risks In The Australian Banking System – Digital Finance Analytics (DFA) Blog