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… hedge funds were also collapsing in July 2007, starting with Basis Capital, Absolute Capital Management and two Macquarie Bank funds. Among the first to take a hit from this in the real world, were a Victorian teachers’ superannuation fund and Perth’s Princess Margaret Hospital Foundation, … today is incomparably worse than prior to the 2007-08 global crisis, in both financial markets and the real economy. Along with victims of the Sterling First disaster being thrown out of their homes (p. 5) come reports of skyrocketing eviction notices in Western Australia, reported by WA … issue: NZ law will ‘bail in’ deposits … in Australian banks! Watch ‘The untold story of the Australia Post scandal’ Tenants and landlords of Sterling scandal speak out Skilled worker shortage is costing lives National banking solution to carbon blackmail The rise of the hedge funds No …

… Martin North, has reported that his data shows a significant deterioration in lending standards over the last few months, with the average first-time buyer securing loans 15 per cent bigger than last year. RBA monetary easing and political efforts to wind back responsible lending laws … regulators to espouse, even its advocates must agree that it cannot work unless everyone has full information. For instance, the victims of the Sterling First Ponzi scheme could not beware, because the Australian Securities and Investments Commission didn’t inform them of the track record of Sterling’s directors. Now we have the boss of APRA hiding his true concerns about the banks! Speaking to a parliamentary committee on 6 August, …

… the UK in a deep and lasting recession. The USA is close to measuring zero to negative growth for its third consecutive quarter. The pound sterling has suffered the worst collapse since it was floated in 1971, following Prime Minister Liz Truss’s announcement of tax cuts for big … with new instabilities. At the extreme end of the spectrum, desperate depositors in Beirut, Lebanon, have raided at least eight banks. A first lieutenant in the Lebanese Armed Forces opened fire inside his bank; depositors held bank tellers hostage, demanding their money which has …