Media reports on Aussie banks suggest that they are well positioned to weather an EU collapse and a banking meltdown. Can these reports be trusted?
As soon as the sh*t hits the fan these Banks will most likely freeze up as they are interconnected within the global banking system. We came close to a total meltdown in 2008 and a bank run in Australia was averted by the Australian Government by increasing it’s guarantee to $1 Million per account.
Look. there is a lot of cash tied up in SMSFs and other accounts and these deposits are well in excess of the $250,000 government guarantee.
Let’s not beat around the bush here.... The EU is in DEEP trouble with a possible breakup which WILL freeze the inter bank lending that is paramount in a globalized world. Careful consideration must be given to the dispersion of your assets at this point in time as it is not an IF but WHEN that we are facing a total meltdown.
When it comes to MONEY the Governments and the Banksters will figure out a way of separating you from your hard earned mullah either through their incompetence or greed.
