Collapse and nationalization of many of the major players in the...

Collapse and nationalization of many of the major players in the banking sector, a signification depression with price deflation due to China's over capacity, a commodity collapse across all sectors including oil, agriculture and minerals. A Chinese collapse probably involving the demise of the communist party, most probably a period of turmoil leading to deterioration into revolution . A massive change of fortunes for Australia and Canada, AUD below 55c , a collapse in our export markets, a 40-50-70% fall in housing prices , unemployment above 10-15%, bailouts for the Aussie banks with even a potential nationalization of one or more.

The core problem is that the assumptions and theories that are used by the central bankers are simply wrong. Bernanke's Princeton work speaks very confidently of his ability to make the business cycle obsolete through money printing and credit expansion. In reality all he his theories have done is magnify the business cycle, so instead of a small recession in 2001 which he avoided through credit expansion, he has created the mother of all business cycles , leading to the greatest collapse in history, this dwarf the dynamics of the great depression by a factor of x10.