Recession For Australia

Reserve Bank of Australia Governor Glenn Stevens states a Recession in Australia is a probability.

Category:

News & Politics

Tags:

• Australia
• Economy
• RBA
• Reserve
• Bank
• Economic
• Crisis
• Credit
• Crunch
• NWO
• New
• World
• Order
• Recession
• News
• Depression
• Central

[xavster]

unfortunately it's the bankers that control the reserve rates, the govt is powerless.

[SentientSight]

How true, the Bankers pretty much run the Government now.

[aodscarecrow]

shut down the corrupt and privately run central banking system and put the power to coin money back in the hands of government where it belongs instead of in the hands of corrupt international banksters.

bingo.

problem solved.

[philwarinsky]

A world without money...? Imagine that! Thanks for an excellent catch. Our PM doesn't bother to hide this loyalties at all. Australia - you asked for this guy to carry us into an uncertain terrorism filled world - now what are you going to do to stop his rampage on our freedoms? Interesting to note Glen saying 'possibility' only to replace it with 'probability' a second later, NLP is used against us by these maniacs! Protect the system? Nope - Down with the system!

[AussiePolitics]

do you know what happened in the 70s when the government had control over inflation? it capped it at about 13.5%. this meant interest rates were not combating inflation and resulted in a number of recessions during the 70s and early 80s. if you really are that keen on keeping interest rates low vote for a party that will do it properly - by not spending as much and getting rid of debt so it doesn't drive up inflation.

[AussiePolitics]

the stupidity of the people commenting on this video boggles me. the reason one the reserve is separate is so that it can focus on just controlling inflation - it doesn't have a political motivation to keep them low like politicians.

its obvious no-one here knows anything about economics.

voting on interest rates? why not vote on inflation or how much the economy will grow... wait its because no party can control that.

[AussiePolitics]

i believe in choosing the leaders who make the decisions in our country, but inflation is not something a politician or any person can control. you can't vote on inflation going down or up - its effected by spending. the only way to control inflation is through interest rates

what you really think people should vote on interest rates?

but hey! lets all be idiots and vote for 0% interest rates! who cares that inflation will go out of control and it will ultimately screw the economy over.

[germanicelt]

If you believe that, then you don't believe in the electoral process.

[AussiePolitics]

the reason why the RBA is independent from politics and we can't vote on it is because we can't vote on whether inflation goes up or down - only the RBA can control this and if you let politicians interfere they'll keep interest rates low to win an election even tho this will fuck up the economy as inflation goes up.

[AussiePolitics]

the housing bubble was created by decades of idiotic politicians from both sides in america who forced a lot of banks to give cheap home loans to people who couldn't afford them. when fanny may collapsed 50% of the loans it had made were to lower socio-economic classes of people

[AussiePolitics]

do you have any understanding of economics? no, the RBA doesn't raise or lower interest rates for the hell of it. it does it to control inflation. we try to keep it below 3% and this creates confidence in our markets internationally so more people are likely to invest in our economy and create more jobs. the RAB's job is a balancing act - keeping interest rates low enough so that people can afford a home and we don't get a recession, but also high enough so that we keep inflation under control.

[Savehumanrights]

Have you noticed that on the RBA website it used to say that it was owned by the commonwealth (UK and forign bankers) but in the last few weaks they updated there website to say it is owned by the Austalian Government. We nead to understand who owns the RBA to try to understand why they rip us off the way they do. Why did they change their statement on their website? They are lyers just ripping us off.

[ThaSilverSurfer]

RBA last year year slammed us with consecutive interest rate increases that squeezed god knows how many over leverged families out of homes and in to bad debt. simultaneously thousands fixed their rates fearful of a return of the bad ol days of 17%. those that did fix must surely be hurting now its at 3.25%. WTF are the RBA doin???? they are taking us all on a magic carpet ride! and we are going kicking and screaming like it or not. i feel like i'm in the matrix! except for i dont know kung fu.

[DC180]

Well.... FUCKWIT.... hope you have a secure job you arrogant piece of shit... if you understand what happens in a recession, theres a fcking reason why house prices go to the low..... RETARD.