How RBA Lost $1.9 billion Of Your Money!
  • 25 September 2017

How RBA Lost $1.9 billion Of Your Money!

Every 2% appreciation in the Australian dollar is a $1 billion loss to the RBA. The control of the rise is simple. The RBA just needed to lower interest rates to bring down our Australian high rate to in turn bring down the Australian dollar. Like bunnies caught in the spotlights of an oncoming truck, our Reserve Bank has a history of doing too little too late with the result that last year they lost $1.9 billion just on this play alone. Why has the Governor of the RBA still got his job? Why have the Reserve Bank Board still got their jobs? Why isn't this independent Board declared a failed experiment and folded back under the care of the Government??

If you lost your boss nearly $2 billion last year would you still have your job?

Quite apart from this the Annual Report shows that they spent nearly $1 billion getting experts in to help them! With such experts and such a loss then why would these experts get paid?

I thought the new Treasurer would be a new broom to sweep clean but unfortunately, it appears to me that the Treasurer is a captive of Treasury and Treasury, as I know and you too probably, is always wrong with its predictions.

So will the dollar continue to rise and the Reserve Bank lose more money - your money? Until next time,

Kevin Young | Club Founder

- So let's end RBA's independence - Let's bring them back under our member of parliaments control!

Related Posts

Onsite Managers/Caretakers – The Good, the Bad and the Ugly

Onsite Managers/Caretakers – The Good, the Bad and the Ugly

If you are a property investor who owns a unit, you may well have bought into a development whose Body Corporate engages an Onsite Manager or Caretaker (hereinafter referred to as an OSM). Now some OSM’s are good, and some are bad, and some are outright ugly! If your complex has a good one, breathe a sigh of relief...

🌟 Property Market Update with Clifford Bennett | June 2024 Edition 🌟

🌟 Property Market Update with Clifford Bennett | June 2024 Edition 🌟

Welcome to our latest property market update! In this video, renowned economist Clifford Bennett shares his expert insights on the current trends, challenges, and opportunities in the property market. Whether you're a homeowner, investor, or simply interested in real estate, this update is packed with valuable...

Western Australia leads nation in property investment growth, offering hope for renters

Western Australia leads nation in property investment growth, offering hope for renters

Western Australia has recorded the highest growth rate in property investment of any Australian state over the past year, with investor lending reaching a record $1.15 billion in April 2024, according to the latest ABS figures. Kevin Young, President of Property Club, said that property investment activity in WA has...

Become a Member Today!

Our mission is to help the average Australian learn the property market dynamics and discover the amazing opportunities that exist in real estate.