Australians face $700b wealth wipe-out from world's riskiest debt levels: Morgan Stanley

....and the winner will be.... banks!

Plainly govt has NO IDEA how to riegn this in, thereby, destroying our 'best place in the world' tag. GOOD Riddance. Better off if all voters got their needs met, rather than just the rich.

Why would you save money? No incentive whatsoever. Taxed on the interest when you save. Debt is encouraged, claim the interest as a tax deduction.

Remember who was part of the last world crash - Morgan Stanley was one of the mob that caused it. Therefore how can one believe these bastards?

A house of cards and set for a bump and collapse. Wonder who’ll pick over the corpse?

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