The Commonwealth government gross national debt, which currently stands at $421 billion is not debt in the true sense of the word. When the government borrows, it issues Treasury bonds and only accepts payment for those bonds in Australian dollars, not US dollars, not Pounds or Euros.
Read more at: The Australian Independent Media Network
Political and Social Commentary
The purpose of Think Left is to present a view of politics from a left-wing perspective.
Melbourne . Auckland . Houston . Orlando . Washington DC . New York . Madrid . Malaga . Barcelona . Geneva . Brig . St. Moritz . Paris . Brussels . Berlin . Pragua . Budapest . Zagreb . Ljubljana . Venice . Koto . Corfu . Valletta . Catania . Naples . Rome . Brindisi . Bangkok . Tokyo . Mt. Fuji . Kyoto . Hiroshima . Melbourne
Australian Politics
The Australian Independent Media Network
Geologic and Earthchange News events
President Barack Obama ... photos, videos & a word or two
Turning the tables on spin
Political and Social Commentary
The purpose of Think Left is to present a view of politics from a left-wing perspective.
Melbourne . Auckland . Houston . Orlando . Washington DC . New York . Madrid . Malaga . Barcelona . Geneva . Brig . St. Moritz . Paris . Brussels . Berlin . Pragua . Budapest . Zagreb . Ljubljana . Venice . Koto . Corfu . Valletta . Catania . Naples . Rome . Brindisi . Bangkok . Tokyo . Mt. Fuji . Kyoto . Hiroshima . Melbourne
Australian Politics
The Australian Independent Media Network
Geologic and Earthchange News events
President Barack Obama ... photos, videos & a word or two
Turning the tables on spin
THE VIEW FROM MY GARDEN 
Hi John,
I like the way you give a quick summary then link back to the AIM Network. I must pinch that technique myself.
Really enjoy your regular contributions by the way. It gives me home for Aussie Democracy.
Cheers
PMc