Malcolm Roberts had a post questioning whether the strategic oil reserves in the USA were EMPTY? YEP. and we are paying huge rent for empty space... meanwhile ships are moving into the middle East, tensions between the Israel and Iran are at imminent threat level, Venezuela is in meltdown and the South Pacific corridors are under threat due to Taiwan tension... yep... 28 days of fuel in Australia. No woolworths trucks. No Coles trucks. No food. 9 meals until anarchy... didn't they learn a thing with adblue? It nearly had us on our knees. We are sitting ducks. They don't use tools, they ARE TOOLS.😡
Yaaaay - I sure hope the RBA hangs on to its newfound backbone and keeps rates unchanged or even higher to curb Australian Government and other corporate spending …would love to see the property bubble burst under the current RBA Governor. Sure, everyone will rush to blame her for the ‘catastrophe’ including Dr Chalmers or his successor, but that Iron Lady will leave knowing that she did the right thing. Gooooo Governor Bullock!!
I think I will trust and believe economist Ms Bullock over politicians Albanese and Chalmers. Labor governments increase taxes and increase spending , that is all they know how to do.
Australia's on track WEF Digital Economic Strategy 2030 Digital ID Bill was rammed through Senate March coercion to CASHLESS people ring your federal MP demand representation this August/Sept we NEED to support Alex Antic/Malcolm Roberts REPEAL the Digital ID Bill & keeping Cash Transactions Bill introduced April 24
Interest rates are NOT too high - BORROWING is too high. When rates return to 6 to 7%, where they should be, a fair price for money, people find they have borrowed too much. NOT our problem. 😊🇦🇺
There’s other ways of limiting borrowing without bankrupting people, like setting a minimum deposit rate of 30%… if you increase interest rates you increase the time it takes for people to repay, meaning they’re saddled with debt for longer. Minimum deposit ratios are a better approach for contractionary monetary policy
This new RBA boss will hold the corrupt, incompetent & inept Labor Govt’s to account. Labor can’t be trusted with financial management, time to install independent administrators.
Poor deluded fool hahaha bring back phillip lowe lol what a joke lol all shes done is bark and chuck up a stink like her masters told her to.... if u havent figured that out wow.... how long u lived on this earth lol Lowe as a man of action. She has done nothing but bark bark bark zero bite the fact that you dont realise that ... common typical sheeple
Two things to remember. 1. The tax you pay is immediately written off. It does not go into the government coffers. The government does not spend your tax dollars. 2. The money the government spends is created out of fresh air and is technically unlimited.
im so sick of the government justifying its stipulations on our lives with problems they create themselves xD its almost like they arent trying to solve problems at all...
No. We already contribute to much to super. Its not my problem people buy houses they cant afford in the expectation that interest rates wil be zero for the next 300 years. What a f#cken joke. Its people buying houses that are pumping cash into the economy and if they dont have the money to buy, they shouldnt be buying and if they choose to buy with a loan, they and they only should be the ones to pay for the money they needed. If you cant afford your mortgage get tenant. Maybe the real estate brochures should have pic's of how many immigrants can squeeze in the spare room.
Interest rates being this high is not bad nor good. It's normal. The 'why' is the RBA was sluggish in their response to inflation. The government is restrictive compared to other governments who are running 6-7% budget deficits while we have back to back budget surpluses.
@@vincentcacciola7161 Yes, a trillion inherited from the Liberal government, who never achieved the "back in black" they promised for 9 years. They made coffee mugs and it was splashed on the front page of papers. Suddenly Murdoch and Nine Fairfax no long care about budget surpluses when Labor achieves them. Funny that.
If you increase the GST wouldn't that increase the inflation rate? To reduce inflation shouldn't they reduce the GST to lower the prices? I understand that would increase spending as well though...
Yes and no, in the quarter it’s introduced it would course inflation, thereafter it would be deflationary. However, the increased tax approach only works if the money is taken out of the economy… so if the government used the extra revenue to pay back debt. If the gov just spent it, the tax change would do nothing
Labor now wants to gift $1 Bn on top of the millions already waisted + the voice + the Green crap + + + but zero for Australians
All about paying off consultants and their insiders.
They aus government is a bunch of criminals
Federal government is also going to fund payrise for childcare workers. More taxes and inflation to come...
Yeah well that's worse
@@vincentcacciola7161 Why?
@@eromnaliuqyaj6288 More childcare workers equals more Aussies back in the jobs market, lowering wage pressures. Not rocket science.
They want to close the gender pay gap by giving female dominated industries a massive payrise that's not based on productivity....
Easy, look after your own kids lol.
The rail loop being built in Melbourne is a train line to nowhere.
It's a train line to a secret Chinese depo.
Need to build a wall around Melbourne
@@rosa9079 …just like Australia’s future 😢
RBA did nothing, they caved into the government and did not exercise their power to increase the cash rate.....they failed the people 😕😡🤬
The RBA works for the Cabal
Labor out asap
Yes, because laborlite will be so much better
Don't vote for the major parties or the green's
Malcolm Roberts had a post questioning whether the strategic oil reserves in the USA were EMPTY? YEP. and we are paying huge rent for empty space... meanwhile ships are moving into the middle East, tensions between the Israel and Iran are at imminent threat level, Venezuela is in meltdown and the South Pacific corridors are under threat due to Taiwan tension... yep... 28 days of fuel in Australia. No woolworths trucks. No Coles trucks. No food. 9 meals until anarchy... didn't they learn a thing with adblue? It nearly had us on our knees. We are sitting ducks. They don't use tools, they ARE TOOLS.😡
Labor loves spending money even when they know they shouldn't be
Yaaaay - I sure hope the RBA hangs on to its newfound backbone and keeps rates unchanged or even higher to curb Australian Government and other corporate spending …would love to see the property bubble burst under the current RBA Governor. Sure, everyone will rush to blame her for the ‘catastrophe’ including Dr Chalmers or his successor, but that Iron Lady will leave knowing that she did the right thing. Gooooo Governor Bullock!!
I think I will trust and believe economist Ms Bullock over politicians Albanese and Chalmers.
Labor governments increase taxes and increase spending , that is all they know how to do.
RBA declares war? B S! They should have raised interest rates 3 months ago!
100% - but Governor Bullock is showing more backbone than _any_ previous RBA Governor has in 20 years…
They should have raised it aggressively 2 years ago, not pussy foot around.
Good on the reserve Bank being responsible at present
The RBA 'could' stick to commercial bills rather than monetising government and mortgage debt. Or is that too old school?
Australia's on track WEF Digital Economic Strategy 2030 Digital ID Bill was rammed through Senate March coercion to CASHLESS people ring your federal MP demand representation this August/Sept we NEED to support Alex Antic/Malcolm Roberts REPEAL the Digital ID Bill & keeping Cash Transactions Bill introduced April 24
Increase gst temp , once they do that it will never go down . So it won’t be a temp it will be permanent .
Good on em someone has to do something the government isn’t doing JACK !
Interest rates are NOT too high - BORROWING is too high. When rates return to 6 to 7%, where they should be, a fair price for money, people find they have borrowed too much. NOT our problem. 😊🇦🇺
Exactly! A mortgage at 6-7% is not high…borrowing $1m when you earn 120k is what is wrong!!!
There’s other ways of limiting borrowing without bankrupting people, like setting a minimum deposit rate of 30%… if you increase interest rates you increase the time it takes for people to repay, meaning they’re saddled with debt for longer. Minimum deposit ratios are a better approach for contractionary monetary policy
This new RBA boss will hold the corrupt, incompetent & inept Labor Govt’s to account.
Labor can’t be trusted with financial management, time to install independent administrators.
Poor deluded fool hahaha bring back phillip lowe lol what a joke lol all shes done is bark and chuck up a stink like her masters told her to.... if u havent figured that out wow.... how long u lived on this earth lol
Lowe as a man of action. She has done nothing but bark bark bark zero bite the fact that you dont realise that ... common typical sheeple
Two things to remember. 1. The tax you pay is immediately written off. It does not go into the government coffers. The government does not spend your tax dollars. 2. The money the government spends is created out of fresh air and is technically unlimited.
im so sick of the government justifying its stipulations on our lives with problems they create themselves xD its almost like they arent trying to solve problems at all...
Less tax not more.
No. We already contribute to much to super. Its not my problem people buy houses they cant afford in the expectation that interest rates wil be zero for the next 300 years. What a f#cken joke. Its people buying houses that are pumping cash into the economy and if they dont have the money to buy, they shouldnt be buying and if they choose to buy with a loan, they and they only should be the ones to pay for the money they needed. If you cant afford your mortgage get tenant. Maybe the real estate brochures should have pic's of how many immigrants can squeeze in the spare room.
Interest rates being this high is not bad nor good. It's normal. The 'why' is the RBA was sluggish in their response to inflation. The government is restrictive compared to other governments who are running 6-7% budget deficits while we have back to back budget surpluses.
Funny that considering were a trillion in debt
@@vincentcacciola7161 Yes, a trillion inherited from the Liberal government, who never achieved the "back in black" they promised for 9 years. They made coffee mugs and it was splashed on the front page of papers. Suddenly Murdoch and Nine Fairfax no long care about budget surpluses when Labor achieves them. Funny that.
How much debt is the Victorian government in?
I'm not paying it.
They can print a new currency for themselves
The road to socialism
Raise the GST to fix the inflation problem... It would only be temporary? "🤥" 😂🤣😂🤣
Consumption tax like the GST is a terrible idea because it is so broad and damages those least able to afford it
If you increase the GST wouldn't that increase the inflation rate? To reduce inflation shouldn't they reduce the GST to lower the prices? I understand that would increase spending as well though...
Yes and no, in the quarter it’s introduced it would course inflation, thereafter it would be deflationary. However, the increased tax approach only works if the money is taken out of the economy… so if the government used the extra revenue to pay back debt. If the gov just spent it, the tax change would do nothing
Give GG a 700k payrise why not ,,, lets give her a 3 mill payrise , seems fair ..while most struggle .
Bullllllllllshiiiiiiiiiiiiiter. . . . .
1st 😜
Raise the GST temporarily?? There's no such thing as a temporary tax.