2022 SEP 21 Australia's Central Bank Says It Is Bust

AUD aka “Pacific Peso” VALUE HAS DECLINED 13.6% (in 6mths against the USD)

THIS IS AUSTRALIA: After the Australian fiscal year ended in June, the Reserve Bank of Australia marked its bond holdings to market – wiping out all its reserves.

The central bank of Australia on Wednesday made the astonishing admission that it is, basically, bust. the Reserve Bank of Australia is a central bank and can print money.

So, it can work its way out of a situation that would bankrupt a conventional bank or company.

FULL STORY HERE: https://www.4cmitv.com/2022/09/23/2022-sep-21-australias-central-bank-says-it-is-bust/