Interest rates over the past 57 years have averaged 8.87%. Therefore interest rates are currently abnormally low. Interest rates need to rise by another 2% to get back to normal
yes the central banks/govern. relationship is the biggest scam in history, people tend not to believe it's a scam because the idea was created before they were born. Ppl wonder where inflation comes from, "Usary" is the only cause of inflation, inflation doesn't just happen it was designed that way so governements could tax its subjects beyond normal income tax by making things appear to go up in value by creating more paper currency every time someone gets loan or when bonds are bought.
The RBA, like any central bank is doing exactly what central banks do, exactly what it was brought into existence for, & before u begin to think I'm disagreeing with you I'll say the RBA & all central banks' primary role is not to fulfil its stated policy charter! If one can get over this belief then the rest of what I'm about to say is less of a stretch. Its a partnership, actually a cartel is a much more congruous description which the RBA & the government have.
There are two major winners; the Government and the big banks, and no guessing who the loser is - the general public. If you measure the RBAs performance against its stated charter, as you have quite rightly assessed and gone thru in your other Youtube video 14JAN RBA 2, it has performed poorly, but thats because their primary goal is not their stated charter!!! Believe it or not. It might be their guidance but their real goal is the reason the RBA and indeed every central bank was invented.
So you can see having a rally because the RBA, you think and 3000 others think is doing a bad job when measured against its state objectives is pointless, because its main goal is not its stated objectives, its something else. Youre describing in 14 JAN RBA 2 all the negative effects their action is having to achieve the real intention. I urge people to watch these 12 YouTube videos titled Creature from Jekyll Island Part 1 of 12
Interest rates over the past 57 years have averaged 8.87%. Therefore interest rates are currently abnormally low. Interest rates need to rise by another 2% to get back to normal
earthsta 2 years ago
yes the central banks/govern. relationship is the biggest scam in history, people tend not to believe it's a scam because the idea was created before they were born. Ppl wonder where inflation comes from, "Usary" is the only cause of inflation, inflation doesn't just happen it was designed that way so governements could tax its subjects beyond normal income tax by making things appear to go up in value by creating more paper currency every time someone gets loan or when bonds are bought.
jeffcannel 2 years ago
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Hi Kevin. I admire ur efforts.
The RBA, like any central bank is doing exactly what central banks do, exactly what it was brought into existence for, & before u begin to think I'm disagreeing with you I'll say the RBA & all central banks' primary role is not to fulfil its stated policy charter! If one can get over this belief then the rest of what I'm about to say is less of a stretch. Its a partnership, actually a cartel is a much more congruous description which the RBA & the government have.
jackman111111111 2 years ago
There are two major winners; the Government and the big banks, and no guessing who the loser is - the general public. If you measure the RBAs performance against its stated charter, as you have quite rightly assessed and gone thru in your other Youtube video 14JAN RBA 2, it has performed poorly, but thats because their primary goal is not their stated charter!!! Believe it or not. It might be their guidance but their real goal is the reason the RBA and indeed every central bank was invented.
jackman111111111 2 years ago
So you can see having a rally because the RBA, you think and 3000 others think is doing a bad job when measured against its state objectives is pointless, because its main goal is not its stated objectives, its something else. Youre describing in 14 JAN RBA 2 all the negative effects their action is having to achieve the real intention. I urge people to watch these 12 YouTube videos titled Creature from Jekyll Island Part 1 of 12
Do a search on YouTube and watch all 12 parts.
jackman111111111 2 years ago
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jackman111111111 2 years ago
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jackman111111111 2 years ago
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jackman111111111 2 years ago