A grim report prepared by the Deputy Prime-Minister of the Government of the Russian Federation, and current Finance Minister, Alexei Kudrin, for President Medvedev is warning today that the Global banking system is nearing an “Economic Armageddon” as the Australian governments “debt bomb” is “set to explode” and plunge our World into a depression “no one living has ever seen the likes of”.

[Note: In an example of how chilling it has become in the United States to even mention these things it is now being reported that citizens there now face up to 10-years in jail for even thinking against going against their government “masters”]

To how grave this situation has become was evidenced this past week when the leaders of nearly all the World’s central banks converged upon Australia for what this report says was to “write the final epitaph” for the current Global Banking System.

2010 marks the 50th Anniversary of the Reserve Bank of Australia. As part of our celebrations, a high-level Symposium was held in Sydney on Tuesday, 9 February 2010.
http://www.rba.gov.au/publications/c...010/index.html

Australia's sovereign debt, at 15.9 percent of GDP, is relatively small compared to levels of 20.2 percent in China, 83.9 percent in the United States and 81.8 percent in the European Union, according to the OECD.

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