Debt has been transferred from Banks to Governments worldwide
Countries will go broke over this. US already technically broke.
Australian Government now guarantees $700 billion in debt.
This is much worse than the Kemlani Affair where Whitlam got the sack.
Looks good to the depositors but smells bad to all Australians.
Government must fund this by either Taxation, cutting back on services or massive inflation. (printing money)
