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The Economy: Australia risks being left out in the cold

Patrick J. ByrneOct 21, 20005 min read

Japan’s former top finance official, Dr Eisuke Sakakibara (known as Mr Yen), recently said that “the basic problem of this globalised and virtualised economy … is huge amounts of money, highly leveraged, moving across borders very quickly.”The US right now is the centre of global capitalism, and if the centre collapses, the world system could collapse. And the situation in the US is…

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