The alternative to high interest rates is not necessarily recession. We can explore other monetary policy tools and fiscal measures to address inflation
There are other options. What about quantitative easing or forward guidance? We've seen these tools used effectively in other countries to address inflation without resorting to high interest rates.
Forward guidance is another option. By communicating future policy intentions, we can influence market expectations and shape interest rates without actually changing them.
And let's not forget about macroprudential policies. We can use tools like countercyclical capital buffers or loan-to-value ratios to target specific areas of the economy and reduce risk.
We also need to consider the role of fiscal policy. Governments can play a crucial role in addressing inflation by adjusting spending or taxation levels.
@@johnh6055 Inflation is here because productivity is crashing……less widgets to pay for higher production costs…. too much govrnment and corporate fluff to pay for…
@kjs2899 I don't know much but the ammount of orders that come in to my job have been declining for months now as at this month have all but ceased to exist now I for clarity work in a food supply job not service but manufacturing base product for restrunt / bakery client's
@@CG-dd9tb yes sorry you're correct I was wrong. It is now six quarters of negative of declining per capita GDP in a row Westpac report. Oh and that's the longest stretch since 1959. Apologies, but thanks, you made me check it out properly.
She’s in her ivory tower. RBA are text book economists. GDP is flatlining.. Excess pricing or inflation is primarily due to price gauging…. Our inflation is on the higher end of the 2%-3% target range ( which needs to be reset as it was established 20 yrs ago). Insolvencies are at record high. I hear a lot of BS…..
in the US news ,the fed done there caculations wrong .its the comparision gdp to the gdi . there already in a recession with those calculations.they may drop the interest rates agressively in the US .and here in australia bullock is raising interest rates corporates making massive gains declared and normal bs hiding there true gains .and we australian get turned upside down shaken for every dollar
In a previous interview albo, albo's exact words "the Reserve Bank undertake its work they do so independently of government" , if it's not under government control then it must be a private company or under foreign control, what the hell is going on with our money, who's controlling it, enough of this BS, time for answers.
I don't know what people expect, there always had to be some sort of consequence for lack of economic output during the pandemic..... A recession is baked into the cake 🍰🎂
@@carlaburgers3088no they aren’t. Two consecutive surpluses, which means they’re removing money from the economy and paying down the Lieberals enormous debts
We're in a damn recession. The data ignoring immigration shows a clear recession. Look at mortgage stress in major centres, 1 million mortgage holder households in Victoria with more going out than in. Reduce government spending, stop giving out meaningless grants, stop subsidies - forcing businesses to survive with proper cash flow, the gaurantee to daycare should not have been the governments to make. Support gas and energy prices, ban government employees from having shares in renewables, ban organisations who influence government decisions from having shares (CONFLICT OF INTEREST). Get rid of stamp duty, fuel exercise tax (you're punishing people to support a transition, but the increase in energy prices means its two fold). Block insurance rises for the next 5-years, already out of control.
Governments have a very different approach to spending money to the rest of us. Various ways of extracting more from the public when it runs out. Unfortunately,most people have been totally skint by this greedy approach, and nothing left to rip off!
Higher interest rates destroy working class lives. The ones who hold the country up! Stop punishing the mortgage belt and aim for the ones causing it. Government and corporate greed.
The overall problem is and always has been, Labor doing whatever it takes to achieve their idealogical goals at the expense of running the country and its people into the ground. Australia has what it takes to be very prosperous, except having truly patriotic pollies that dont pander to outside influence and pressure.
She claims cutting back on their spending to more essential items,trading down to lower quality goods and services, dipping into their savings or working extra hours and we still aren’t in a recession. 😂😂
It's interesting to note that Albanese was certain his choice for RBA governor would give him some say in the board's deliberations and outcomes. It hasn't !
Interesting that some people here think that with an interest rate rise comes massive profits for the banks. Clearly they went to the same education facility as Chalmers. The banks have to borrow money just as we do. If the rates go up then they have to lift rates on our savings / investment accounts and other sources of cash. It's not all about profits for the banks.
The banks have lots of money, profits are huge, they don't have to borrow money, it's the reckless big spenders who are unscrupulous with their spending.
Well that’s just plain wrong. RBA raising interest rates has no bearing on customer deposit rates. Banks change deposit rates based upon their need for customers to deposit money with them. Rate rises DO give massive profits to banks. You might want to look at the size of existing loans on bank balance sheets. Also… banks have just been announcing obscene profits for last financial year. How ironic your attempt to make Chalmers look silly, has made you look silly. Oops.
What’s driving up inflation - rents due to immigration and land tax in vic. Governments pumping money into economy countering monetary policy. Lack of competition and over regulation.
The Liberal Party (Federal) started the mess because of giving out free money to everyone. The State Governments made it far worse yet again by hitting the pause button on their economies, sending healthy people home out of the cities and locking healthy working aged people in their homes. Labor have made this worse yet again with their ridiculous policies, big Government mantra and high expenditure. Dont blame the janitor (RBA) for having to clean up the mess left by all sides of politics.
Neither the RBA or federal government prints money. Federal government transfers money from one person to another. RBA ‘prints’ bank reserves, not money. Money is printed when commercial banks issue new loans
@CG-dd9tb What your describing is how these organizations control the flow of cash into the economy....essentially it is printed and it's backed by nothing . And by raising interest rates ... it does not remove the money supply in the system ...which is meant to control inflation .... These organizations seem to point the finger at each other ... and the common person has to pay the price for it.
Lie. Government has recorded two consecutive surpluses which means they are pulling money out of the economy to pay down the ENORMOUS debts left by the Liebrals Do you think raising taxes on sales will increase, or decrease prices???? Inflation is a global problem. Every nation has had a similar (or worse) issue
Lie Wage rises are sought in response to inflation. They don’t cause it. Can you explain why every other price businesses pay is allowed to rise from market forces but the price of labor must be suppressed by government???
Of course there's a difference between what the treasurer and the RBA governor say. The RBA governor is not a political figure and is a professional who knows what she's talking about. The treasurer is a member of the labor party with a political agenda. Treasury should be removed from government just as the RBA is.
I agree with the governor… unless the government gets responsible with its spending and wasting money on bureaucratic public services and policies like virtue signaling .. inflation and the economy is going the wrong way… current interest rates are around where they need to be for the greater good… people need to realize that
Labor government has recorded two consecutive surpluses which means they are pulling money out of the economy and paying down the enormous debts left by the Liebrals. If inflation is falling, and you think it’s going the wrong way, you want higher inflation???
Did you actually sit back and think about the consequences of having a policy where absolutely no person in their right mind would invest? Who do you think would then own land? Perhaps you want the government to own absolutely everything?
Economists are totally wrong these days & last 5 yrs? RBA can't predict anything beyond 3 months, just watch & act basis . RBA was too smart not to increase the rate , now RBA can’t do anything for a long time. It seems AU inflation is going up, another round of 20% + rent hike, meals too .
@@pefrja1Basically, insurance companies take your premiums and buy treasury bonds and mortgage backed securities to generate $$$. Both of these asset classes were creamed by rate rises. Insurance companies are trying to fill in the holes in the balance sheet.
@ 4.35% every single person is losing $4.35 per $100 plus tax per same amount so the ave joe is over $50 a week poorer unless they scored an $80 a week pay rise
50 basis point rise was required six months ago and is till needed now. Inflation in Q2 was still 3.8%, but it should be noted underlying key areas were often much higher e.g. services (4.5%), alcohol and tobacco (6.8%), housing (5.2%), rent (7.3%), health (5.7%), transport (4.6%), education (5.6%), insurance & financial services (6.4% vs 8.2%). We are well outside the 2% to 3% guideline and well outside that for many key areas important to most Australians e.g. Housing, Rent, Health and Education.
No it wasn’t, and it isn’t now. Monetary policy works with long lags. 9 to 18 months to work fully. Inflation is coming down and will continue to do so.
@@CG-dd9tbinflation is not coming down in many key areas, in fact inflation based on the governments bag was up 0.3%. Housing is up, so is rent and education. This is all due to ALP policy settings dont gaslight look at the data I posted from ABS.
To me, all this pressure from the gov on the RBA is because they know if they don’t get a rate cut before election, they’re toast. Let the woman do her job. Jim’s feeling it so he’s pushing all the blame onto her. Mug
Great advice, get a second Job, yeah ok then we make more and get taxed more thats if you can find one then pay more for child care fees because you are working more and donr end up making anymore then. Work more hours, what if your job doesn't offer more hours because they are slowing down aswell or as I said pay more tax and childcare fees. Sell your home, yeah and then what? Can't find a rental and the one you do find is costing you more per week than your mortgage did. What an out of touch muppet!! How about the government officials that just had 3 pay rises and still want more because cost of living and keep getting it while the average Aussie is struggling to make ends meet already
How a about Russia, in a war and sanctioned by the every western country and has a 3.6% growth. Iran has a 5.1% growth, even Syria had a Q3 growth of 1.3%. Aussies celebrate success on 0.2%
They are stealing our trade with China. Where did you think China got the 1 million tonnes of wheat that they cancelled from Australia. They have also become the largest exporter of beef to China.
Reduce Interest rate and lower taxes will be the right best things to do to help small businesses and tourism. The Australian people are cutting back since Labour is in power Businesses are not doing well in Melbourne CBD Restaurants can’t afford 7 days a week they only open on Weekends Crown is empty mean people had cut back and it is affecting businesses all around Australia. These mun and dad don’t spend much on their new expensive car they trade their cars after their 5 warranty loan less mean it affect car sale . Most hotel, travelling , cafe , bar , club and restaurant are the one suffering How much cut the RBA want them to cut it will affect the all industries in Australia. Majority households are afraid to use heater , gas , hot water , and air conditioner to save and extract dollars. The RBA and the labour and Green governments think Australian are not cutting back they are delusional. It the RBA and labour government both State and Federal need to cut on their own spending , interest rate and taxes stop waiting money on bonuses and their own travelling . Coles, Woolworths all had cuts prices and giving $10 offer to all shoppers they need to do their part .
The alternative to high interest rates is not necessarily recession. We can explore other monetary policy tools and fiscal measures to address inflation
There are other options. What about quantitative easing or forward guidance? We've seen these tools used effectively in other countries to address inflation without resorting to high interest rates.
Forward guidance is another option. By communicating future policy intentions, we can influence market expectations and shape interest rates without actually changing them.
And let's not forget about macroprudential policies. We can use tools like countercyclical capital buffers or loan-to-value ratios to target specific areas of the economy and reduce risk.
We also need to consider the role of fiscal policy. Governments can play a crucial role in addressing inflation by adjusting spending or taxation levels.
What about supply side policies? Improving productivity and efficiency could help reduce inflation.
Who knew handing out "free" pandemic bribes would not end up being free from consequences
everyone knew, the criminals in Canberra just needed an excuse to do it ...
🙋♀️ I did.😅
Three pay rises in two yrs to all politicians give that money back for a start
They figured out that they needed to have a way to hide their ill gotten wealth
Why?
I don’t know why the treasurer or rba still pretend that they have a clue how the economy works
Dr Chalmers is not much of an economist. His PhD is only a small step up from Dr Raygun's.
I thought it was high interest rates that caused recessions
@@Unbearable.UnbearableHis PhD was on the life of Paul Keating, so make of that what you will.
@bigm383 Keating better than the current Labor mob.
@@JohnJohn-zn8ib I liked until he became a shill for China
Cut public service jobs and pollies salaries for a start😊
to net zero!
Why? What do you think that will achieve?
How about reducing government spending. that would be a good place to start.
Try and take the gear off the junkie 😂 go on
If interest rates don’t go high enough then inflation runs. They knew this all along
It's not just that goverment over spending adds to it and that's the problem they keep spending instead of holding out.
@@johnh6055 Inflation is here because productivity is crashing……less widgets to pay for higher production costs….
too much govrnment and corporate fluff to pay for…
Four consecutive quarters of stagnation equals a technical recession. Surely we're already there.
Yeah I agree I think we've been here for a while now but no wants to say the actual truth this country is in a recession
@kjs2899 I don't know much but the ammount of orders that come in to my job have been declining for months now as at this month have all but ceased to exist now I for clarity work in a food supply job not service but manufacturing base product for restrunt / bakery client's
No. It doesn’t.
Also, there hasn’t been four quarters of stagnation
@@CG-dd9tb yes sorry you're correct I was wrong. It is now six quarters of negative of declining per capita GDP in a row Westpac report. Oh and that's the longest stretch since 1959. Apologies, but thanks, you made me check it out properly.
She’s in her ivory tower. RBA are text book economists. GDP is flatlining.. Excess pricing or inflation is primarily due to price gauging…. Our inflation is on the higher end of the 2%-3% target range ( which needs to be reset as it was established 20 yrs ago). Insolvencies are at record high. I hear a lot of BS…..
in the US news ,the fed done there caculations wrong .its the comparision gdp to the gdi . there already in a recession with those calculations.they may drop the interest rates agressively in the US .and here in australia bullock is raising interest rates corporates making massive gains declared and normal bs hiding there true gains .and we australian get turned upside down shaken for every dollar
In a previous interview albo, albo's exact words "the Reserve Bank undertake its work they do so independently of government" , if it's not under government control then it must be a private company or under foreign control, what the hell is going on with our money, who's controlling it, enough of this BS, time for answers.
Is our court/judicial system a private entity or under foreign control? Just asking because it also makes decisions independent of government….
I don't know what people expect, there always had to be some sort of consequence for lack of economic output during the pandemic.....
A recession is baked into the cake 🍰🎂
And "free" pandemic money/bribes
Why have an RBA governor if rates hikes all they can do to bring inflation down,? In this case everyone can be an RBA governor!
Because the Albanese government still spending too much.
Yeah, right!
You and Chalmers 🤣
There is entity called the Government that is assigned to make policies affecting inflation
@@carlaburgers3088no they aren’t. Two consecutive surpluses, which means they’re removing money from the economy and paying down the Lieberals enormous debts
@@sometingwongwai9679government doesn’t control or make inflation
We're in a damn recession. The data ignoring immigration shows a clear recession. Look at mortgage stress in major centres, 1 million mortgage holder households in Victoria with more going out than in. Reduce government spending, stop giving out meaningless grants, stop subsidies - forcing businesses to survive with proper cash flow, the gaurantee to daycare should not have been the governments to make. Support gas and energy prices, ban government employees from having shares in renewables, ban organisations who influence government decisions from having shares (CONFLICT OF INTEREST). Get rid of stamp duty, fuel exercise tax (you're punishing people to support a transition, but the increase in energy prices means its two fold). Block insurance rises for the next 5-years, already out of control.
Immigration is getting out of control, foreigners buying homes, influx of refugees.
No. We aren’t in a recession.
@@CG-dd9tb Thanks for that absolutely insightful reply...
Cut Bullock's salary..its too high
Governments have a very different approach to spending money to the rest of us. Various ways of extracting more from the public when it runs out. Unfortunately,most people have been totally skint by this greedy approach, and nothing left to rip off!
Higher interest rates destroy working class lives. The ones who hold the country up!
Stop punishing the mortgage belt and aim for the ones causing it.
Government and corporate greed.
The overall problem is and always has been, Labor doing whatever it takes to achieve their idealogical goals at the expense of running the country and its people into the ground.
Australia has what it takes to be very prosperous, except having truly patriotic pollies that dont pander to outside influence and pressure.
Definitely, anything goes today, the amount of unnecessary spending is bizarre.
Lie.
Give one example of where Labor stopped ran the country into the ground to pursue ideological goals
@@JohnJohn-zn8ibthen you won’t have trouble giving specifics…
@CG-dd9tb exactly, gay marriage, the voice and any other so called moral thing that they dream up today, it's a bizarre world.
She claims cutting back on their spending to more essential items,trading down to lower quality goods and services, dipping into their savings or working extra hours and we still aren’t in a recession. 😂😂
she may have missed the current pricing on iron ore and oil
It's interesting to note that Albanese was certain his choice for RBA governor would give him some say in the board's deliberations and outcomes. It hasn't !
That’s a lie.
@@CG-dd9tb
...so, you can claim intimate knowledge of Alnanese's intentions regarding this matter?
Labour knows jack shit about running an economy 😂
Why do you say that? Please enlighten us all on how to ‘run’ an economy….
Dear Governor we sincerely wish you well
Interesting that some people here think that with an interest rate rise comes massive profits for the banks. Clearly they went to the same education facility as Chalmers. The banks have to borrow money just as we do. If the rates go up then they have to lift rates on our savings / investment accounts and other sources of cash. It's not all about profits for the banks.
The banks have lots of money, profits are huge, they don't have to borrow money, it's the reckless big spenders who are unscrupulous with their spending.
Well that’s just plain wrong. RBA raising interest rates has no bearing on customer deposit rates. Banks change deposit rates based upon their need for customers to deposit money with them.
Rate rises DO give massive profits to banks. You might want to look at the size of existing loans on bank balance sheets. Also… banks have just been announcing obscene profits for last financial year.
How ironic your attempt to make Chalmers look silly, has made you look silly. Oops.
Why the Labor politicians are pressuring her to cut the interest rate I thought that the RBA is an independent institution.
They are in dependant. And Labor isn’t pressuring them. Labor ministers observing the impacts or rate rises is not pressuring the RBA
Sure,give them there stamp duty back....I will keep my stamp duty and move overseas !
What’s driving up inflation - rents due to immigration and land tax in vic. Governments pumping money into economy countering monetary policy. Lack of competition and over regulation.
Our inflation spike is the result of a global economic problem. Every nation has had a simulate (or higher) inflation spike at the same time.
@@CG-dd9tb and there inflation rate is already lower than Australia.
The RBA created this mess in the first place.
The Liberal Party (Federal) started the mess because of giving out free money to everyone. The State Governments made it far worse yet again by hitting the pause button on their economies, sending healthy people home out of the cities and locking healthy working aged people in their homes. Labor have made this worse yet again with their ridiculous policies, big Government mantra and high expenditure. Dont blame the janitor (RBA) for having to clean up the mess left by all sides of politics.
The RBA is responding to a global economic issue. Australia is just a small boat and a BIG ocean.
Higher interest rates is a nonsense……giving Bankers more money only helps the Bankers.
Boom!! Facts
Helps savers.
giving money to govt without interest helps only govt.
That's wrong. You clearly don't understand what the RBA interest rates are for.
That’s a byproduct of higher rates, not the purpose
How ridiculous... we are already IN a recession!!! :(
No. We aren’t.
@@CG-dd9tb yes we are the government just changed the definition of a recession.
We sincerely wish you well dear governor do keep up the good work. I can see that you are a very busy Lady these days
Throw out the Federal reserve
No
I’m for recession, do it😂
They will lower rates this year
Bullock should sell some of her investment properties.
The start of this split of the economy was John Howard's supression of wages while business surged ahead.😢
its debt over a trillion now ..cost of living etc ..have all gradually got worse as it's gone up over the last 10 years
How long does it take for these organizations to fill up the ink in the money printing machine ? Just delaying the inevitable ..
Neither the RBA or federal government prints money.
Federal government transfers money from one person to another.
RBA ‘prints’ bank reserves, not money.
Money is printed when commercial banks issue new loans
@CG-dd9tb What your describing is how these organizations control the flow of cash into the economy....essentially it is printed and it's backed by nothing .
And by raising interest rates ... it does not remove the money supply in the system ...which is meant to control inflation ....
These organizations seem to point the finger at each other ... and the common person has to pay the price for it.
Middle east crisis- inflation will be up again
There is no chance of a drop in the RBA rate for the next 5 years!
Both doing their jobs. Well fark me the public must be the lazy ones
Inflation is from government spending and cashed up retirees and rate rises are not affecting them. Raise the GST and get a new government
Lie.
Government has recorded two consecutive surpluses which means they are pulling money out of the economy to pay down the ENORMOUS debts left by the Liebrals
Do you think raising taxes on sales will increase, or decrease prices????
Inflation is a global problem. Every nation has had a similar (or worse) issue
The government needs to keep wage rises as low as possible next June this will help reduce inflation Simple
Lie
Wage rises are sought in response to inflation. They don’t cause it.
Can you explain why every other price businesses pay is allowed to rise from market forces but the price of labor must be suppressed by government???
For a dinosaur earning around 1M p/a to lecture mortgagees about managing their spending is grossly offensive!
Of course there's a difference between what the treasurer and the RBA governor say. The RBA governor is not a political figure and is a professional who knows what she's talking about. The treasurer is a member of the labor party with a political agenda. Treasury should be removed from government just as the RBA is.
You don’t think government should be able to borrow and spend money???
Can you name one LNP politician that doesn’t have a political agenda??
We need higher rates
Incompetent people doing Incompetent job
Nope.
People far smarter than you or anyone in this comment section, doing exactly what needs to be to be done
I agree with the governor… unless the government gets responsible with its spending and wasting money on bureaucratic public services and policies like virtue signaling .. inflation and the economy is going the wrong way… current interest rates are around where they need to be for the greater good… people need to realize that
Labor government has recorded two consecutive surpluses which means they are pulling money out of the economy and paying down the enormous debts left by the Liebrals.
If inflation is falling, and you think it’s going the wrong way, you want higher inflation???
ROOTED
AUSTRALIANS NEEDS TO WORK LONGER HOURS LIKE ASINAS
The solution is simple: reduce income tax to 0% and increase land tax to 100% - cost of capital
#WeAreRent
Did you actually sit back and think about the consequences of having a policy where absolutely no person in their right mind would invest? Who do you think would then own land? Perhaps you want the government to own absolutely everything?
Economists are totally wrong these days & last 5 yrs? RBA can't predict anything beyond 3 months, just watch & act basis .
RBA was too smart not to increase the rate , now RBA can’t do anything for a long time.
It seems AU inflation is going up, another round of 20% + rent hike, meals too .
Insurance costs are out of control.
AU inflation is not going up. Look at a graph.
Nobody can predict anything
@@pefrja1Basically, insurance companies take your premiums and buy treasury bonds and mortgage backed securities to generate $$$. Both of these asset classes were creamed by rate rises. Insurance companies are trying to fill in the holes in the balance sheet.
Easy, keep deficit spending until 33T in debt and let inflation make it worth 1T
@ 4.35% every single person is losing $4.35 per $100 plus tax per same amount
so the ave joe is over $50 a week poorer unless they scored an $80 a week pay rise
50 basis point rise was required six months ago and is till needed now. Inflation in Q2 was still 3.8%, but it should be noted underlying key areas were often much higher e.g. services (4.5%), alcohol and tobacco (6.8%), housing (5.2%), rent (7.3%), health (5.7%), transport (4.6%), education (5.6%), insurance & financial services (6.4% vs 8.2%). We are well outside the 2% to 3% guideline and well outside that for many key areas important to most Australians e.g. Housing, Rent, Health and Education.
No it wasn’t, and it isn’t now.
Monetary policy works with long lags. 9 to 18 months to work fully. Inflation is coming down and will continue to do so.
@@CG-dd9tbinflation is not coming down in many key areas, in fact inflation based on the governments bag was up 0.3%. Housing is up, so is rent and education. This is all due to ALP policy settings dont gaslight look at the data I posted from ABS.
@@CG-dd9tb Plus those 50 basis points were required at least six months ago by not doing this, we bake in inflation.
Use their superannuation to pay their mortgage.
Dog eat dog world
Hunger games im afraid now
To me, all this pressure from the gov on the RBA is because they know if they don’t get a rate cut before election, they’re toast. Let the woman do her job. Jim’s feeling it so he’s pushing all the blame onto her. Mug
Labor isn’t pressuring the RBA. This is a lie.
Observing the impacts of high rates is not pressuring the RBA
@@CG-dd9tb chalmers needs to take responsibility. Be a man and own it. He’s fkd
I wonder if they’re eating ham sandwiches for lunch. Yum.
Caviar & champagne
They have not lost the plot yet😊
Rise gstt
Henny Penny and Clucky Lucky tell us whats up!
I’d say, bring on the recession, so I can buy the bottom of stock market 👍
Great advice, get a second Job, yeah ok then we make more and get taxed more thats if you can find one then pay more for child care fees because you are working more and donr end up making anymore then. Work more hours, what if your job doesn't offer more hours because they are slowing down aswell or as I said pay more tax and childcare fees. Sell your home, yeah and then what? Can't find a rental and the one you do find is costing you more per week than your mortgage did. What an out of touch muppet!! How about the government officials that just had 3 pay rises and still want more because cost of living and keep getting it while the average Aussie is struggling to make ends meet already
How a about Russia, in a war and sanctioned by the every western country and has a 3.6% growth. Iran has a 5.1% growth, even Syria had a Q3 growth of 1.3%. Aussies celebrate success on 0.2%
They are stealing our trade with China. Where did you think China got the 1 million tonnes of wheat that they cancelled from Australia. They have also become the largest exporter of beef to China.
You need to learn what ‘sanctioned’ and ‘real gdp growth’ mean
@@CG-dd9tbwhat does your comment got to do with the video itself, or the original comment? do you even understand the original comment??
I’m not spending any money in Australia 🇦🇺
100% spare cash going into crypto 🎉
BUTT BUGGERING
That’s a man right ?
Yep
I'm favoured financially with Bitcoin ETFs, Thank you buddy. $63,700 by weekly profit regardless of how bad it gets on the economy.
Yeah, since meeting expert Jessica, I now agree that with an expert managing your portfolio, the rate of profit high, with less risk.
@@Felixmarcus111 I earn heaps more on my back.
She doesn't have to worry about anything , just give us the bull crap every month or 2 .
Reduce Interest rate and lower taxes will be the right best things to do to help small businesses and tourism. The Australian people are cutting back since Labour is in power Businesses are not doing well in Melbourne CBD Restaurants can’t afford 7 days a week they only open on Weekends Crown is empty mean people had cut back and it is affecting businesses all around Australia. These mun and dad don’t spend much on their new expensive car they trade their cars after their 5 warranty loan less mean it affect car sale . Most hotel, travelling , cafe , bar , club and restaurant are the one suffering How much cut the RBA want them to cut it will affect the all industries in Australia. Majority households are afraid to use heater , gas , hot water , and air conditioner to save and extract dollars. The RBA and the labour and Green governments think Australian are not cutting back they are delusional. It the RBA and labour government both State and Federal need to cut on their own spending , interest rate and taxes stop waiting money on bonuses and their own travelling . Coles, Woolworths all had cuts prices and giving $10 offer to all shoppers they need to do their part .
Dear Governor we sincerely wish you well