All 5 major banks are stuffed.

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Bobby
Posts: 18218
Joined: Thu Feb 23, 2017 8:09 pm

Re: All 5 major banks are stuffed.

Post by Bobby » Fri Jan 15, 2021 3:06 pm

billy the kid wrote:
Fri Jan 15, 2021 2:11 pm
Some crypto "brokers" charge 3% turnover to trade...
Others are less than 1%
The millennials of today wont cop putting their money in banks for a year
to get crumbs...they want everything NOW.....
They will flock to crypto.....
Nor will they "invest" in the stock market to scrape out 5-10% profit for the year.
With Banks about to go into negative interest territory, they have nothing going
for them....except cheap home loans....
AND even then, they are rooted because Freakenberg told them last
year to relax their lending criteria....immediately after they were
shitcanned for doing just that.....
Superannuation as we once knew it will also be stuffed...
Thats why the grubberment is floating the idea of a pay rise instead of the CSL
going up.....reason being with any ponzi scheme, when everyone withdraws
their super (as everyone has)...the withdrawals are hammering the bottom line....
When the US dollar tanks, the shit will hit the fan....
With a walking corpse at the helm the only answer will be war.
AND he comes out yesterday with a 2 trillion dollar stimmy package...
That means that the US debt will have gone from 20 trillion to 30 trillion in
twelve months.....
AND with Karmala ready to step in, she wont know what day it is......
All this is linked....fiat currency will be a memory inside a couple of years.....

dear Billy,
You must try to be a positive thinker even
in this very negative environment.
Think of Europe after WW2 -
it was completely flattened by bombing yet
it returned to become an economic power house.
Covid-19 and the huge debt are nothing compared to
the destruction of WW2.

sprintcyclist
Posts: 7007
Joined: Wed May 07, 2008 11:26 pm

Re: All 5 major banks are stuffed.

Post by sprintcyclist » Fri Jan 15, 2021 7:39 pm

Bobby wrote:
Fri Jan 15, 2021 3:06 pm
billy the kid wrote:
Fri Jan 15, 2021 2:11 pm
Some crypto "brokers" charge 3% turnover to trade...
Others are less than 1%
The millennials of today wont cop putting their money in banks for a year
to get crumbs...they want everything NOW.....
They will flock to crypto.....
Nor will they "invest" in the stock market to scrape out 5-10% profit for the year.
With Banks about to go into negative interest territory, they have nothing going
for them....except cheap home loans....
AND even then, they are rooted because Freakenberg told them last
year to relax their lending criteria....immediately after they were
shitcanned for doing just that.....
Superannuation as we once knew it will also be stuffed...
Thats why the grubberment is floating the idea of a pay rise instead of the CSL
going up.....reason being with any ponzi scheme, when everyone withdraws
their super (as everyone has)...the withdrawals are hammering the bottom line....
When the US dollar tanks, the shit will hit the fan....
With a walking corpse at the helm the only answer will be war.
AND he comes out yesterday with a 2 trillion dollar stimmy package...
That means that the US debt will have gone from 20 trillion to 30 trillion in
twelve months.....
AND with Karmala ready to step in, she wont know what day it is......
All this is linked....fiat currency will be a memory inside a couple of years.....

dear Billy,
You must try to be a positive thinker even
in this very negative environment.
Think of Europe after WW2 -
it was completely flattened by bombing yet
it returned to become an economic power house.
Covid-19 and the huge debt are nothing compared to
the destruction of WW2.
yes, at least be not overwhelmingly negative
Right Wing is the Natural Progression.

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