by John Adams from Adams Economics
The Australian establishment are in panic model over collapsing house prices, especially in the Sydney Market. In the past week, the Reserve Bank of Australia and the Australian Prudential Regulatory Authority have made significant moves to keep Australia’s largest ever debt bubble going.
Adams and Martin North exposes what is really happening within Australia’s establishment. The establishment is scared of the economy collapsing under their watch. The game plan is to claim ‘plausible deniability’ when Australians suffer economic hardship so they don’t get the blame over their economic misdeeds.
The establishment, with assistance from the mainstream media, are attempting to drag out the bubble for as long as possible until the global debt bubble blows up. They need a creditable excuse if they are going to walk away scot free with no repercussions.
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