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Story summary
- Former Australian ambassador Joe Hockey says the U.S. government permits corruption.
- He says President Donald Trump earned $1.4 billion from cryptocurrency ventures last year.
- He warns U.S. debt reached $40 trillion in August 2026, a historic high.
- He adds the interest bill on that debt equals U.S. defense spending.
- He notes Australia imports about $100 billion of capital annually and is exposed to bond-market swings.