BAIL IN.. NOT YET. THEY ARE AFTER YOUR SUPER FIRST.

Discussion in 'Superannuation' started by errol43, Jan 9, 2014.

  1. errol43

    errol43 New Member Silver Stacker

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    Front page of todays Australian.Super funds TO BE COMPELLED to buy State and Federal government assets to free up capital to the private sector. Now who wants some shares in Qantas for their super fund. It won't be long before super funds are transferred to government to fund their election promises for the future.

    When they have the super funds, then the bail in can start.

    Regards Errol 43
     
  2. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    I take it government bonds would be classified as a government "asset" in this situation? If so it's straight out of the Polish handbook
     
  3. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Have you got a link to the article? I can't find it on the Australian website
     
  4. House

    House Well-Known Member Silver Stacker

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    It's paywalled but the below is from http://m.theaustralian.com.au/natio...up-public-assets/story-fn59niix-1226797692332

     
  5. trew

    trew Active Member Silver Stacker

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    Can't read the full article but from the blurb it sounds like the super funds are lobbying the govt to sell them the assets


    where do you get "Super funds TO BE COMPELLED to buy State and Federal government assets" from ?
     
  6. House

    House Well-Known Member Silver Stacker

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    Here ya go ;)

     
  7. trew

    trew Active Member Silver Stacker

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    Well then reading the whole article the thread topic is just complete bs.
     

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