I have to agree with your comments those who don’t know about the bible and the sign of what’s going on will have the shock of their life specially if they put all their trust in men in government instead of God will have the shock of their life…..we are living in a very dangerous time only our Faith in God will allow us to survive

Now on Europe;

Lagarde is not in the real world and there is no single voice in Europe. England is not interested in debt, France produces very little except tourism and wine (and that is declining) and Germany has the gold and manufacturing brains but is not going to share it with the faltering economies of Italy, Greece and Spain. What Lagarde should propose is a new credit rating for the whole world as follows; AAAAAA+++ and AAABBB+++ and BBBCCC+++, that way it will be a whole hundred and fifty years before you lose all the +++++’s and then the A’s and AB’s and BC’s before anyone realises that you are broke.

THe game is up and countries need to get back to work and produce goods not stupid Carbon Clouds, Retirement Entitlements and Solar Panels – and stop hugging trees. Now this may all be an Inconvenient Truth, but it is the truth.

After the rest of the survived ones are totally fed up of all these disasters they will be completely ready to accept anti-Christ as their “Savior” but will stay blind to realise that he is THAT fake “Savior” of course. Unfortunately, most of the mankind WILL accept him, except of the small number of true Christians.

Read the Holy Bible and watch the signs of today. And make YOUR choice today because tomorrow will be too late. Almost NO time is left.

Meanwhile back on the subject- Moodys just confirmed our AAA rating. $87bn is small beer for us these days (Our super fund holdings alone are many multiples of that), but the knock on effect of market panic would be a big hit short term and would obviously affect the credit cycle.

That said, APRA is a government agency which cops a lot of flak regularly for its lack of input into its own sector and dilapidated regulatory practices. If it’s finally got something right for once, it’d be a first.