Peter Briggs: A Ponzi scheme relies on early investors putting up hard cash to sustain structure built on non-existent or undeliverable assets. The scheme survives only as long as capital keeps flowing and no participant calls time on underlying insolvency. pearlsandirritations.com/post/2026/10...

pearlsandirritations.comAUKUS Pillar 1 is running on Australian cash and undeliverable promisesAustralia is pouring billions into US and UK submarine industries while both countries struggle to meet their own naval needs. The risk is that AUKUS leaves Australia without the submarines it was pro...