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Message
Central Bank of Australia $45 Billion in losses.
Posted on 9/23/22 at 3:17 pm
Posted on 9/23/22 at 3:17 pm
That converts to $30 Billion in US fiat.
It needs repeating that their ability to create money meant it was not insolvent.
cnbc
quote:
Australia’s central bank on Wednesday said its equity had been wiped out by losses suffered on pandemic-era bond buying, but its ability to create money meant it was not insolvent and would continue as normal.
It needs repeating that their ability to create money meant it was not insolvent.
cnbc
2
Posted on 9/23/22 at 4:54 pm to nuwaydawg
That’s what you get when you run your country like a dictator and shut everything down
This post was edited on 9/23/22 at 4:55 pm
Posted on 9/23/22 at 6:09 pm to nuwaydawg
Australia was over the top on lockdown. Closed for business. I suppose if I were that close to China I’d be wary too. But, they could have used their xenophobic senses and blocked China travel vs ALL travel
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