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Isn't it interesting though....... a few weeks ago "the Australian banks are in great shape compared to the rest of the world".... and all that guff...... in the meantime mac bank has seriously got the wobbles and to my mind could be out the back door faster than a herb elliott lap of the G........ but now Ruddanomics and his team of good ol boys have spent half of OUR SURPLUS.... yes "our" surplus, more than $10bill which we really don't have looking at the foreign debt and the balance of payments, funding the global bail out which was basically precipitated by easy money(credit) and a propensity of about 10-20 banks globally (and/or their inv banking arms) to push funny financing deals on greedy clients....... why not lend that $10 bill to the Fed @ 10% pa?????? Why meekly capitulate and whack it into our apparently solid major banks........ I smell a major rat and sadly if you watched Julie Bishop on Lateline last night, the leaders of our only other alternative, are so confused themselves exactly what (if anything) is really needed to BAIL AUSTRALIA OUT??? Huh??? Australia "we are fine etc etc........" that they can't decide whether to support or castigate the Ruddsters on this pillage of our money....... it is a very sad state of affairs...... Funny isn't it how the $700B that the US pledged only last week and was news for 3 weeks prior in the 'will they won't they bail us out game', is now a distant memory and now NATIONALISATION of the US of As banks is occurring under the hand and nose of the Hankster who took over a billion USD out of Goldmans 'PA' (more much more than Dikkie Fuld of Lehmans)...... it's unthinkable that all this is going on gang........ What does it mean???? GOLD is heading north.....maybe not today but it will happen.....
