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At first I thought this was tongue in cheek, but the last bit...

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nosirommit

1,995 Posts.

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25/01/21

12:03

Post #: 50423106
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Originally posted by sierra: ↑

There's no reason why this country couldn't go back to traditional interest rates and ignore the global madness.

We could enclose our currency so that foreign investment couldn't take advantage and send the value of the AU$ through the roof etc.

Existing loans could be fixed at current rates but with set annual increases over time which would encourage capital to be repaid.

There should also be regulation to set interest rates within ranges for different purposes to stop things like the 50% being charged by the thieves who lend to the fools who respond to their tv adverts for easy money.

5% would be a good starting point for the bank rate.

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At first I thought this was tongue in cheek, but the last bit sounds like you are serious?
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