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03/02/22
10:20
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Originally posted by Infose:
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"his has been the central banks path since 1998 when the RBA lobbied the Statistics Bureau to have property removed from the CPI calculatio n. The FED in the US did the same that year and I’m sure other central banks did the same. Their goal, capital expansion through the banks which has been massive and was always going to create high inflation, but it never shows up." A cocksure guy says an absurdity (something so offensive that even a deaf person would object) and the cocksure audience applauds. Imagine the typical Australian house wife putting the purchase of property in her shopping list for the week. Laughable. And the sad thing is that the education of these people was paid by the rest of us. After years and years of education the distinction between CONSUMPTION and INVESTMENT has not yet entered into their minds. I, for one, want my money back
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So by extension you assert the cost of putting a roof over ones head is 'investment' rather 'consumption' and not a factor to be taken into account in consumer prices ? Really ?