US money supply is out of control. National debt rocketed 1 trillion USD from 9.5 to 10.5 trillion over the last few weeks.
Most world governments are bankrupt with no way to fund the bailouts, hence nationalization and increase the money supply.
The newly nationalized US banks have all just beeg given the authority to print their own money - ie issue US government backed bonds.
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- ASX - General
- totally unbeleiveable!