The last Treasurer questioned the safety of super fund derivatives, but the biggest derivatives gamblers are the banks. Only a public post office bank will keep deposits truly safe.
The RBA is recklessly ignoring the mortgage stress of households that were lured into mortgages to prop up the bubble; Australia needs a foreclosure moratorium now!
Mortgage stress now grips 42 per cent of Australian households, according to a UNSW City Futures Research Centre survey. This is a sharp increase from 30 per cent in February 2020.
On 18 September 2015, knife-wielding terrorists killed 50 off-duty workers at a coal mine. “Nearly all the workers who were not on shift at the time were killed or injured”, said police officer Ekber Hashim, according to Reuters.
