Is The RBA Secretly Bailing Out Australian Banks?

Discussion in 'Markets & Economies' started by sodl, Nov 25, 2019.

  1. sodl

    sodl Well-Known Member

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    Thought I would post this interesting youtube vid.




    According to The CEC Political Party ...Australias banks are bankrupt. See video below.

     
    Last edited: Nov 25, 2019
    sodl, Nov 25, 2019
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  2. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    Yes, thx ScoMo!

    Who do you think paying for their election campaigns? Their own money?
     
    bubblebobble2, Nov 26, 2019
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  3. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    This has been discussed in two other threads, I don’t think they’re secretly bailing out banks, it’s just that the RBA changed the definition of M1 so it increased. Ive alerted Nugget News. Thanks to @leo25 and @Oddjob for clarifying what had happened.
     
    mmm....shiney!, Nov 27, 2019
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    sodl likes this.

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