(Daily Reckoning) Did you see the bit in yesterday’s Australian Financial Review about who owns Australian government debt? […] If you’re a debt optimist, these figures show that there’s plenty of demand for Australian debt. If you’re a debt pessimist, these figures show that Australia owes foreigners a lot more money now than it did three years ago. The government stimulus alleged to have prevented the GFC impacting in Australia wasn’t free after all. Read more

Editors note: I’m going on record stating that I’ve never seen such an example of Australian weakness as that of the man known as Wayne Swan — a man that stands before us night after night on the idiot box claiming he saved Australia from the GFC.
Plunging a nation into debt, is not saving that nation.
CEC party have the right idea. Australia needs to re-establish it’s own national bank. Of course to do so would see us added to the short list of nations yet to be militarily invaded. Lincoln and Kennedy gave their nation government issued currency, but look what happened to them. Jackson did the same, but he survived the twin mis-fired pistols pointed into his stomach. Historically, the chief thieves behind global debt slavery are Rothschilds. Learn more