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RBA rufuses to lift rates citing household debt, page-4

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Iwonder

8,148 Posts.

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19/07/18

09:45

Post #: 34440183
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Originally posted by All4One ↑

IWONDER

Free money wont be going to you or I from this government. It will and is going to the corporations and the banks which has happened already when the banks were bailed. Now the corporations are getting free tax payer money to the tune of about 60 billion dollar in tax cuts.
Remember people are going to have to work till they die at work now.
Pensions are being squeezed by stealthy changes to rules.
Penalty rates have been cut now wait till the next round of penalty rate cuts because they wont stop at this.
Stonewalling of the Royal inquiry into the financial system and then limiting scope.
The dogma over the trickle down economy which does not work, has never worked and there is 70 years of experience to say it does not work and is just a lie.

There is only one economy, the people. Give the people more money and they will spend more or put more in their super which is invested or put more in the banks which is invested.
Give the people more money they will spend more, buy more, companies will profit and the whole shootin match gets better.
Give corporations more and the board and execs get bigger bonuses, foreign shareholders get more, share buy backs and money flows to the secretive no tax countries.

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Too much Australian money sent overseas from consumers buying imported goods.
Nearly everything we buy is made in Asia.
Many new Australians send money home to support extended families they left behind.
Australian average household debt is huge.
Living the dream on borrowed money.

iwonder
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