Hi Shikari
The four Australian banks have exposure to derivatives of "approximately" 40 trillion dollars, I say approximate because they no longer publish them even to their shareholders which is breaking the law about disclosure
Is that the $44 trillion you mention?
What I was talking about is the amount of long term liability of the Governments of Australia, IE money that Australia has made agreements to pay at some stage in the future, as you will know there are many ways to defer payments and give other assets in lieu of, to make certain that the BS does not show them until some time in the future
In Victoria we know from State government reports that Andrews is in bed with the Chinese on their One Belt Road campaign where they lend generously with the hope of an early default so they can take control
From the clip what is more frightening is the attitude of the banks in making decisions to not allow any money to go to non-renewable items as this shows a complete breakdown of any type of democracy and to fully control all money of any sort that the public hold
Th1s heralds a very brutal Dictatorship in construction
