more job losses = housing crash, page-11

The most ugly thing of this "Ponzi scheme" is that the banks are allowed by the government to have the power of creating cheap money infinitely. The banks simply play with their balance sheets so as to continue to comply with Basel II or others requirements and continue to be given good credit ratings.

Like other Ponzi schemes, the amount of liquidity must be rolling bigger and bigger so that the Ponzi scheme can keep rolling. That is what the banks are doing now: cheaper credit and larger loans sizes and numbers.

My guess : the trigger to end this Ponzi scheme is the collapse of Aud (peole lose confidence in AUD) with high inflation (due to lower exchange rat)e and high unemployment, namely Stagnation.

Banks can survive even the unemployment is high as long as they can keep lending at a increasing speed. That is why the last thing they do not want to see is the demand for loans drops. More cheap credits pumped into the market makes the predecessor loans easier to be repaid.