I did not have any prior knowledge of this Lord Monckton, and...

I did not have any prior knowledge of this Lord Monckton, and could not care if he is a lord or not

The whole "lord" bit is a load of pompous garbage IMO

However the guy blows all credibility with this garbage statement "The world is also frightened. Australia is now regarded as a sovereign risk."

Gee that must be why foreign are existing Australian stocks on mass

credit rates are make major down grades to Australia's credit rating

The AUD is plumetting to record lows.

pity none of that is happening, which it would if Australia was really viewed as a sovereign risk