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Trillion Dollar debt a threat to All Australians - Malcolm Roberts
Summary by Malcolm Roberts
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Trillion Dollar debt a threat to All Australians - Malcolm Roberts
Think about this scenario: the RBA cuts rates, yet the interest you pay on your mortgage goes up. How could that happen? The answer is the Australian government’s trillion dollars in debt. If the muppets in Canberra continue to spend and borrow like they have been, adding to the near trillion dollar debt pile, the consequences for Australians will be huge. The country will lose its credit rating, bond premiums will increase and there will be flo…
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