Hi readers
As most of you are aware the Australian Economy has been robust from strength to strength on debt.
In fact it was reported by Bloomberg that household debt in Australia is 3.4 times more than US household Debt during the GFC in 2008.
Further more Australian households are the most in debt in the world by a country mile.
But hey who cares if there giving money and not asking for it back ..Hmmm
The government is fully aware of this and as a result is colluding with the banks to nail the masses.
In case some of you are not aware the IMF has instructed this action to be taken.
Australia just does what it's told regardless if it likes it or not.
As a country Australia is very wealthy, the masses have created so much wealth that the elite have become irrelevant.
Some of you will bring up the crap about conspiracy theories.
So let's look at the facts before you make judgement.
The government has brought in the law regarding cash, so your not allowed to buy anything of more than $10,000 in cash.
They said its money laundering, total rubbish but let's go along with it.
Then we see banks changed there term and conditions and have you read them ?
I know for a fact that no one reads them unless your looking for something in them.
Everyone who has a bank account gets an updated version of the terms and conditions when they send you out your debit cards to your accounts.
Regardless of savings accounts or cheque accounts there all interlinked.
So what does this tell you about your so called savings or debt obligations to the banks.
Facts are the Australian banking system is broke, you just don't know it yet.
But you will in 1450 days.
Why would banks put these new terms and conditions on every single account in Australia now when everything is going so well.. judge it yourself
Last time I checked cash money has a legal tender in Australia stamped on it so why the law to stop cash.
It's so you don't go to the bank and ask to cash out your money.
Yes readers the European run on banks 12 years ago is on it way to Australia.
It's already in Lebanon but hey no one cares right, but the fact is it's started again.
To our New Zealand brothers your next on the cards to and because the banks are Australian they can enforce there jurisdiction on accounts in New Zealand.
In case you all thought that your savings up to $25,000 was protected by the government think again.
Banks can withhold those funds and you have given them the right to by accepting the terms below when you opened an account with them.
As most of you are aware the Australian Economy has been robust from strength to strength on debt.
In fact it was reported by Bloomberg that household debt in Australia is 3.4 times more than US household Debt during the GFC in 2008.
Further more Australian households are the most in debt in the world by a country mile.
But hey who cares if there giving money and not asking for it back ..Hmmm
The government is fully aware of this and as a result is colluding with the banks to nail the masses.
In case some of you are not aware the IMF has instructed this action to be taken.
Australia just does what it's told regardless if it likes it or not.
As a country Australia is very wealthy, the masses have created so much wealth that the elite have become irrelevant.
Some of you will bring up the crap about conspiracy theories.
So let's look at the facts before you make judgement.
The government has brought in the law regarding cash, so your not allowed to buy anything of more than $10,000 in cash.
They said its money laundering, total rubbish but let's go along with it.
Then we see banks changed there term and conditions and have you read them ?
I know for a fact that no one reads them unless your looking for something in them.
Everyone who has a bank account gets an updated version of the terms and conditions when they send you out your debit cards to your accounts.
Regardless of savings accounts or cheque accounts there all interlinked.
So what does this tell you about your so called savings or debt obligations to the banks.
Facts are the Australian banking system is broke, you just don't know it yet.
But you will in 1450 days.
Why would banks put these new terms and conditions on every single account in Australia now when everything is going so well.. judge it yourself
Last time I checked cash money has a legal tender in Australia stamped on it so why the law to stop cash.
It's so you don't go to the bank and ask to cash out your money.
Yes readers the European run on banks 12 years ago is on it way to Australia.
It's already in Lebanon but hey no one cares right, but the fact is it's started again.
To our New Zealand brothers your next on the cards to and because the banks are Australian they can enforce there jurisdiction on accounts in New Zealand.
In case you all thought that your savings up to $25,000 was protected by the government think again.
Banks can withhold those funds and you have given them the right to by accepting the terms below when you opened an account with them.
