Australia’s Banking System May Be The “Bloody Big Butterfly” Which Triggers Next “Financial Storm”
by Nick Hubble of Capital & Conflict We're edging ever closer to the financial crisis I've been investigating since 2012. I moved to four different cities in Australia to conduct my research, interviewing mortgage brokers and former bankers over four years. Source: Australian Financial Review Over the last few months, a Royal Commission has exposed what my research did back then. But the campaigner who first exposed the issue going back to the early 2000s continues to discover even more extraordinary facts. Between the three of us, the conclusion is clear: Australia's banking system is about to blow, potentially triggering serious disruption in financial markets. [...]