- 23 October 2015
Are We Stuck In A Giant Monopoly Game?
Who is really running this country? Is it our elected Federal Members of Parliament or is it the RBA? Or is it APRA? Or is it our banking monopoly?
An expanding economy needs people with money in their pockets for spending. In the USA, consumer spending accounts for over 70% of their wealth creation each year. As a result, their unemployment level is back down to 1973 levels. While their unemployment has been falling, our unemployment has risen 50% since the 2009 ill-fated RBA rate hikes, which sucked money out of our pockets and deposited into bank profits. In the US the reverse happened. They had quantitative easing, lowering rates and putting more cash back into consumer’s wallets.
This dark contrast is obvious to all it seems except our elected politicians, APRA and RBA...
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