Summary
Australia’s banking regulations were wound back on September 25, 2020 — the same pattern as the US Dodd-Frank repeal in 2018. PSE has been tracking this since 2017 when Treasurer Scott Morrison promised easier credit. A video is linked showing how “unquestionably strong” banking declarations historically encourage riskier credit creation.
Key Claims
- Australian banking regulations were wound back September 25, 2020. — confidence: high
- The US Dodd-Frank Act was repealed in 2018. — confidence: high
- “Unquestionably strong” banking system declarations historically precede riskier credit creation. — confidence: high
- This deregulation pattern follows every cycle precisely on schedule. — confidence: high