If you’re talking big, the usual 10 biggest companies are the 4 banks, 3 miners, Coles and Woolies, and Telstra. They pay 50% of all corporate tax in Australia and usually have strong steady dividends. They are strongly represented in any super portfolio and as such most Australians are part owners so it’s no shame in giving them your custom.
I would hate to imagine what Coles and Woolworths would stock if they didn't have to compete with the smaller specialised shops. My guess is it would be like something you find in North Korea. Sometimes i wonder why North Korea never gets touched? Anyone in the middle east even farts and America goes to war with them, yet North Korea can have nuclear programs and fire missiles over Japan, yet it's all good. Maybe NK is a test bed for how the elites envision the world?
Australian depending on banks loans for theirs business. If Australian banks are force to shut; how greater effects this can be??? This will cascades all the way to everyone. This forces will be greater than anything. Let's hope not.
It's pretty simple, it's a-lose-lose prospect. The Korean War has been at a stalemate since '51 for a reason.There is no oil there and it's mountainous. NK has a million-man army, and they wouldn't just fold like the Iraq army. And the Ch*nks have their back.
Not to worry, apparently we're fine.. We know how much we can rely on MSM for reliable info lol https://www-news-com-au.cdn.ampproj...y/news-story/bca36a2af7dfb275b74d40f7c6bafe02
I quote the article "Australia’s banks remain “unquestionably strong” and local financial markets are “still functioning” despite being volatile amid growing global strain." Even if it's an absolute house of cards, they will say the same thing. John McCain and George W in 2008 both said "the fundamentals are strong" and "we will clean up Wall St". It's always the same crap. Imagine if the did say it was a scam or a house of cards... id love to hear that admission, but it's not gonna happen.
Yet we have had the 2nd largest bank failure in US history. Did they clean up Wall St? Did they "not put America in this position again"? They lied then, but they are telling the truth now...lol. I'm sure they had similar statistics 15 years ago... Statistics are manipulated bullsh*t. Much like "transitory inflation", or inflation numbers. They are double digits (20%+) when I calculate my personal expenses compared to a year ago
Global Financial Crunch may cascade , as history repeat itself. - Banks and other lenders were willing to make increasingly large volumes of risky loans for a range of reasons - Increased borrowing by banks and investors https://www.rba.gov.au/education/resources/explainers/the-global-financial-crisis.html
They probably just need some time to figure all this out. You cant expect to have a sound money system with only 6000 years of history haha. Wtf As ole Diaper Joe would say, "strong as hell, cmon man look."
Crisis means crisis. Cover yer butts! Brace yourself accordingly. Lyn Alden... an unknown name until tonight. A link to a site called lynalden.com sounds like an echo chamber. Doesn't even have a wiki page. No offence, but bio does not exactly exude confidence, 33 years old, unknown education. Grew up in a trailer park, apparently. Another crypto bull. Has a very deep voice.
She’s been around for years now - good for those who followed her early with many correct calls and insights. these days there is a morass of 1000’s on YouTube
Debunked. Her biography is interesting. Ditched by her dad and living out of her mum’s car as a teenager. Built a career from poverty and self-made macro savant.
I've watched many of her talks over the past 2 year and found him/her to have mainly incorrect calls and generic insight, as with most of these youtube finance people.
I disagree that its only a liquidity crisis, everyone is just focusing on that alone. I think there is a lot of rot that's not being exposed yet and that rot will show there is a large credit crisis too. SVB was an example of both a credit and liquidity issues. They had a lot of bad performing loans and they stupidly got stuck with a lot of time sensitive assets. When there is one there is more.
