It’s the "bills coming due" for the pandemic era. In this interview with Bill Woods at Radio 2GB, I discuss the rise in bankruptcies, where debts as small as $10,000 are forcing Australians out of their homes.
From predatory lending to the return of a "forceful" ATO, we unpack why the credit squeeze is tightening and why 2026 might see interest rate hikes instead of the relief we were promised.
Amid the news of rising bankruptcies, the clip points out that higher energy costs are baked into the economic cake, thanks to ridiculous Government energy contracts. The Government could fix the energy crisis overnight, plus the housing crisis, if they chose but are too cowardly and corrupt to do anything effective. Gas contracts could be modified and/or large portions of uncontracted gas could be reserved for domestic use that would lower gas and electricity costs. Cutting migration would lower housing demand. Those in charge, on their massive salaries, are doing nothing since they face no hardship unlike ordinary people who are struggling with their power bill and housing affordability.
[Posted at the SpookyWeather2 blog, January 8, 2026.]
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