Part 2 Australian banks are broke

Hi readers 

Now that you have taken note of what the banks have done with your consent, you need to prepare yourself over time for 2024.

Please don't be stupid and start hoarding cash from now but you do need to be aware of what will take place.

Some of you won't believe this and I am not here to convince you but this agreement which the IMF and the Australian government have done was the doing of Malcom Turnbull.

When Tony Abbott was put in the hot set he refused to play ball and the powers at be through him out.

It's way over the top for most of you to accept but they are the facts.

It's like the majority think the ATO is the Australian government or an Australian entity.

It's not its an American entity registered in America.

Australian does what it's told and anyone who stand up against its powers is thrown out.

That's why readers be smart and think outside the box.

Banks are also in the same boat, the IMF runs banking, and they decide what and who goes.

The only thing which has caught the banking system off guard is crypto coins, and it's for this reason there are so many restrictions between countries.

Some countries have embraced it while others won't allow it. 

It's been said that the amount of wealth that has left the traditional bank deposits into the crypto currencies is in excess of $800 billion dollar..

In Australia alone over 1 billion in deposits have moved out of banks and into the crypto markets.

So what can the banks offer to keep the bonuses and the gravy train going with some sort of insurance?

Oh yes that wonderful word called property. 

But the one thing that through a spanner in the works was the royal commission.

Mind you it was Turnbull who refused to allow it to occur.

Anyway it's the past but it's good to know the facts.

The ATO with the banks in the future will be able/ trying to monitor everyone's spending and income, with the cashless ideas.

The public is being told that it's easier and more efficient with the tap and go crap to educate you all, to become numbers and easy tracking.

I have asked this question to a number of teachers and principals secondary school  (6)  why aren't the kids educated on money?

It's not in the school curriculum by the education department.

Both private and government schools. ( I was told)

As soon as they are 18 the first thing they do is get a credit card and max it out without understanding what they just did.

Makes you wonder doesn't it .

Corona bullshit

Hi readers

Ok so the markets are falling and while many are panicking about loosing value of there portfolios the smart money is buying.
In life you need to understand that the media is there to spook the masses.
It's the only way they can have eyeballs watching and therefore have advertisers paying up.
So don't be freaked out by what you read or hear, 95% of it is bullshit.
The common flu kill 75,000 on average per year and this pandemic has only killed 3000.
Yep pandemic people, a total load of shit designed to freak you out and force you to become even more scared of your own life.
Let's get a few things straight regarding it. Yes some will disagree but I have this from a professor at Sydney University.
The corona virus needs humility to survive and spread.
The virus is a strain of Bird flu / SARS and is designed to kill those over 50.
69% of China's population is over 50 years old.
Average age in china in 2000 was 30, the current average age is 38.5
Average age in Australia in 2000 was 35.4, the current average age is 37.9

While China has tried to export the elderly for years they are still left with the burden and unlike Australia the lucky country which is wealthy enough to pay pensions, there is no pension in china, or nursing homes.
Family look after there own.
When families can't any longer there pushed to the streets.
Be smart and think outside the box people.

Due to the discounts in the market I did some buying.
Bought PAR.AX, ABR.AX, UWL.AX and finally waited a year but it came to me OCC.AX.
Do your own research in these companies, there more a trade than a hold as they have come off there prices levels more than average.
ABR.AX is a longer term play.

Those who are avid readers will know that I have discussed these stocks before.
Discounts of 30%-50% are buys for me.

As always use the above as an indicator to your own research.
Ask your financial advisor on more on the above.
I'm not a financial advisor.
Past performance is not a guarantee to future performance.