nomorecatering,
as sad as it is, I would have to agree with your loose assessment of the Australia to come. Unfortunately we can't go on any longer sitting her smugly announcing that we managed to avoid any real pain in the GFC of just a few years ago. I think our downfall is going to be 10 times as painful.
Would it be silly to suggest countries we previously looked upon as "3rd world" to a degree such as China, India will be the new world powerhouses ?