"With this government-engineered mortgage debt spree, it’s no wonder that the Australian house price bubble, which had begun to deflate in late 2008, has taken off once more. It’s rather apt that my walk to Kosciuszko (as a result of Rory Robertson’s bet with me) will start from Parliament House, since there’s no doubt about Parliament’s role in keeping this Ponzi Scheme alive."
http://www.debtdeflation.com/blogs/
