- WHAT if Australia was being hunted down by a threat that nobody noticed?
That could be happening right now. A new leak of official information suggests Australia has barely paid attention to a problem that could bring the country to its knees.
A secret official report was leaked this week saying the debt held by Australian households before the GFC was so high there was likely to be a tidal wave of defaults. That could have seriously hurt Australian banks and maybe even caused a recession, according to analysts.
READ MORE VIA NEWS.COM.AU
We’ve been so worried about government debt we’ve missed the problem staring us in the face.
