John Adams: Australia's $2.5 Trillion Foreign Debt Catastrophe
In this jaw-dropping interview, Darryl and Brian Panes speak with Chief Economist, John Adams. Last week saw new data coming out from the Australian Bureau of Statistics regarding Australia's Foreign Debt, and it was all bad news with new all-time highs being set. The current increase in gross and net foreign debt has been building up for almost three decades. The IMF has stated that once net foreign debt increases above 50% of GDP, the level of systemic economic risks rise significantly. What would happen to Australia if we got into difficulty paying back our foreign debt commitments? Australians need to know!
In this jaw-dropping interview, Darryl and Brian Panes speak with Chief Economist, John Adams. Last week saw new data coming out from the Australian Bureau of Statistics regarding Australia's Foreign Debt, and it was all bad news with new all-time highs being set. The current increase in gross and net foreign debt has been building up for almost three decades. The IMF has stated that once net foreign debt increases above 50% of GDP, the level of systemic economic risks rise significantly. What would happen to Australia if we got into difficulty paying back our foreign debt commitments? Australians need to know!