Dub, a lot of good articles/points in your posts above. The Australian government's irresponsible policies in tandem with the (unaccountable) RBA have encouraged Australians to take on maximum debt with little to nil savings. This has never been more apparent as the federal treasurer on the TV telling people to get out there and spend spend spend. You'd think in times like these, the government would be encouraging financial responsibility. These issues had become abundantly clear long before covid, but covid has become the government's go to excuse for everything that is negative in the economy that can be traced back to their policies over the last 20 years.
So the government have created the environment where the moment there is a lockdown and people can't go to work or work their small businesses, people are reliant on "government"/taxpayer support.
Now, following the steady downward manipulation of interest rate to .1% the RBA have nowhere to go. In my opinion they have been grossly negligent and the dopes in our federal government just don't know what to do. They have dug a massive hole for the Australian people with the amount of debt they, government and the people, have taken on, to where the slightest rise in interest rate will collapse the system.
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Dub, a lot of good articles/points in your posts above. The...
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