Looking at the real vs claimed American debt reveals that the US will resort to money printing and inflation to fund their obligations. Inflation is theft of depositers value. Take 8% inflation in Aus. A year ago $100 has become by now only $93 in buying power. The missing $7 has been spent by govt when they printed or borrowed billions to hand out cash and vote buying. Depositers paid for this. Every company will be directly or indirectly affected.
** BRN aren't in a bubble and think they are immune just because they hold no deposits with that bank. No exposure, yeah right.
The collapse of THREE banks in the space of just one week and the govt only able to bail out depositors up to the value of $250,000 when so many depositors, especially those start ups will not get back their millions worth of deposits, and many are worried there is an imminent dire possibility of more bank runs. We ain't seen the worse yet.
More money printing required (already happening) to bail them out? Ask the Fed! The ramifications of a total collapse of the financial system is not something anyone would want in their current lifetime, it will happen but we will NOT see it coming.
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