Sensational information has surfaced that an Australian Treasury delegation travelled to Europe in February for discreet meetings with European countries on how they handled their banking crises.
Veterans who have suffered years of underpayment from their Defence Force Retirement and Death Benefits Scheme (DFRDB) deserve much better. Many have put their lives on the line in times of conflict, but while the government glorifies troops as it sends them to war, it too often treats veterans of those wars with contempt in the bureaucratic way it deals with their financial and medical needs.
Adams is forecasting that Australia’s huge debt bubble, built up by extreme property prices, is leading to “economic Armageddon”. Joye is the banking establishment’s darling, a former Goldman Sachs banker, Reserve Bank economist, and contributing editor to the banks’ self-promotional rag the Australian Financial Review, who was wheeled out to assure the viewers that everything is fine.
A stunning report on news.com.au has echoed what the Citizens Electoral Council has long warned: there is a growing threat that Australia could set off the next global banking meltdown.
The banks must not be allowed to victimise people for a problem they created. Over the last two decades, many homeowners have made foolish decisions to borrow far more than they could afford. But they are not responsible for this building crisis. Pre-deregulation, the banks would not have deliberately loaned money to people who couldn’t repay, recognising the risk in such loans.
