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Dear Fellow Australians,
If, as of a few days ago, when the Aussie dollar
was 51.1 US cents, the Net Foreign Liabilities were 57.8% of the Gross Domestic
Product. When is Australia bankrupt, simply by the Aussie dollar
dropping?
I work it out to be when the Aussie dollar drops
to 25 US cents.
Yours sincerely,
John Wilson.
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