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 Australian Debt Bubble

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Somamech
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Somamech


Number of posts : 2954
Registration date : 2009-07-11

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PostSubject: Australian Debt Bubble   Australian Debt Bubble Icon_minitimeFri Apr 16, 2010 11:23 am

I find this amusing due to the general public buying into the scam. I moved to Melbourne a year or two before this started to occur. I saw the social changes it caused/causing up until this day.

Seeing I've got no means at all of entering the housing market due to a mishap in life... and when I did have means of "Borrowing, for a Shelter for myself", I said "NO this is insane" Thats why I find this graph amusing.

Steve Keen is a good guy I would like to see working in the Pyramid of Australia. He lost a bet with a big bank chief about falling house prices in the immediate future. He will be right ofc in the real short ;)

This picture is funny: lol!

Australian Debt Bubble KeenT-Shirt02DebtToGDP
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