the problem with the market, page-22

Agree regarding Mr. Stevens.Beginning to wonder in whose interests he works as it doesn't seem to be ordinary Aussies.What is it about bankers in high places...how out of touch on his million dollar plus salary.

The RBA always aims to have unemployment at a specified range to prevent "wage pressures".This has become warped by changes in society which hide people who would have been included in the unemployment stats in the past.Today we have 1.Increased numbers having to continue their education for longer(for less reward/over educated for the jobs they hold) 2.Underemployment in part-time jobs 3.High levels of immigration 4.Unemployed who do not register with government services because they do not choose to ask for unemployment benefits or are ineligible due to their partner being employed 5.People who are forced to accept wages well below awards as is common in country towns....and simialr situations which hide reality.So the RBA can put interest rates up to ensure that a certain percentage remain officially unemployed...Last I heard the publicly stated reasons are that Australia has to pay more to borrow funds from overseas which is funny because I recently read that our dollar is high due to hedge funds,such as Pimco buying our currency due to the lower comparative risks faced by Australia at the present time.

Perhaps Mr Stevens wants to see Australia completely sold out to the globalists,just like poor Greece where it has been suggested that they sell some of their islands...no wonder the they are so upset.