J.G.Olsen / Financial Expositor
Various higher-ups from the Reserve Bank of Australia are planning on research tours to study how their rapid interest rate rise policy is damaging the economy and impacting on the lives of ordinary citizens, some of whom are being driven to the wall.
Inflation was of course produced by years of money-printing (borrowing from reserve banks), and this made the value of certain currencies of the world drop, to a point where the Oil Producing nations would not supply their product without a hefty price increase, which broke the dam wall holding inflation back. Now the instigators of inflation (politicians) try to blame the war in Ukraine and tell us the solution to all of this is to increase mortgage interest payments to banks.
It is abject nonsense.
How these ineffective and functionally useless business leaders and academics on the RBA board can show their faces on the evening news is beyond me. Ultimately all they do is to ape the moves of the US Federal Reserve.
The purpose of raising interest rates is to “bed in” the inflation they caused, originally by handing over so much freshly printed money to governments, whose officers complement and various liabilities continue to increase as a result, of course at an exponential rate. According to them, the only way to explain this “unexpected” outbreak of inflation is supply chain disruptions brought about by their own Covid program and the nonsense excuse of the Ukraine war. So for this, mortgagees and following on, tenants, must be punished.
It’s the old blame the victim, which is based on the very common cause-and-effect inversion, which usually satisfies people who don’t know any better.
In another example of this, the Western medical fraternity is especially fond of treating the symptoms, which creates new symptoms, and keeps them in business. In physics and science fiction, they have “retrocausality” which is functionally useless, the correct and most advantageous place is for this type of thing is always in politics where it might have value in deception. There are so many forms of lies, they would fill a book. People as a whole often struggle to understand the reasons for things.
Former PM Paul Keating’s grandiose statement, “We have broken the back of inflation”, came after the inflation of the 1970’s and 80’s was bedded in by massive interest rate hikes. These wrecked the housing market’s prospects for some years and paved the way for former PM John Howard’s various house price boosters. The market was saved! He went on to tell us many times, how rising house prices made everyone happy. Before mid-2000, I can recall a farm for sale in Bunyip, south-east of Melbourne for $20,000 which couldn’t find a buyer. Now, it would sell instantly for ten times that. Under PM Howard, the broken back of inflation was simply transferred into housing. Wages kept eroding relative to everything else except Chinese imports, and this is the effect of diluting currency, which had been going on for decades. It’s wage theft, slow and stealthy. Former PM Bob Hawke had already nobbled the unions.
Some like to think a new BRICS gold-backed currency would save us from dilution, this would likely only be possible under a totalitarian regime, such as the digital prison currently underway.
The government is always at pains to quickly point out that they are “at arm’s length” from the rate increase decisions, but clearly, their arm is long enough to get into the RBA’s pocket and pull out the money.
For some light relief, a few minutes of pork barrelling in East St Kilda is of interest.
The frantic, excessive money printing has been policy since post-GFC, the Obama era Quantitative Easing, another fanciful name for the same old thing, dilution of currency and funding of selected interests.
The early beneficiaries are those closest to government, captains of industry, and those quick off the mark. Recall Kevin Rudd who heard about the moves to privatise the Commonwealth Employment Service and positioned his wife to capitalise on that, reportedly earning her $200 million by the end of the operation.
Government exists, amongst other things, to deliver gifts and favours where required, for the benefit of government office holders.
After those closest to government were drenched with money, they set out to spend it on yachts, mansions, old paintings, and whatever indulgences were available. Eventually, this flowed on in part to the lower classes who finally found their services in demand. Government largesse continued in the form of things like the NDIS, a compensation scheme for vaccine-injured children and other disabled. The inflation pressure slowly built, and finally increases at the petrol pump were the unifying trigger.
The RBA itself has no special reason to want to slow the economy and damage the lives of the marginalised, except to bed in the reduced value of their money, which is what happens when interest rates go up. They actually add to the forces driving prices up until the economy stalls, leaving the dollar at a new level of worthlessness while forcing the unfortunate out of their houses and into some form of inferior accommodation. Nobody in the Reserve Bank will ever be personally affected so it doesn’t matter quite so much, and nobody in government need be affected if they simply hang on to their job with grim desperation, as they are expected to. Public servants can relax knowing that eventually they will have wage adjustments and pay grade adjustments to match the increasing worthlessness of the money used to pay them.
Inflation is like a wave that builds up and comes into the beach, washing all the sand around, but then has to go out again, and sucks the hapless out with it. The entire cycle must be completed, for the money printing to start all over again. The RBA analogy, that their interest rate increases are like shooting bullets at inflation, is nonsense.
While RBA delegates are planning their government-funded jaunts, booking their charter flights, salivating over hotels, and so forth, Globalist Climate Change heroes are doing the same, having endless meetings to try to get themselves into the frame of appearing to do something.
In fact, everything has already been done by technologists and industrialists who have produced so many solar panels in the last decade. The end users who buy and install solar panels have done the work while the government has created nothing except “churn”. We pay tax then we perhaps get some tax back for installing solar panels.
Meanwhile, other branches of government, such as Bodies Corporate try to prevent individuals from installing solar panels. This clash of purposes helps to drive up the size of government, which adds protection to those at the centre and top, who try to delegate any responsibility they possibly can, downward, sideways and outwards.
By now, not so many people believe the CO2-induced Global Warming story, so Climate Change was speedily invented and this also requires a vast number of exotic conference experiences for the chosen few. A new gas has been found to replace CO2 (which itself replaced carbon monoxide by stealth) and this is methane. However, with accelerated self-interest at stake, ranchers discovered that feeding cows seaweed would stop excess methane production. Presumably, they already knew.
While the next replacement gas is sought to blame for weather events and theoretically destroy us all, Bill Gates has not been snoozing. He is now backing cures for cow flatulence to replace abundant natural seaweed, and as you can probably guess, we won’t be safe from the atmosphere until every cow in the world has been injected or otherwise treated. There are more than one billion cows in the world, and in Australia there are more cows than people. The World Health Organisation will be kept busy chasing down cows for their transformational synthetic bromoform and other treatments, potentially with ongoing boosters schedules and if the animal trials for the humanity-saving mRNA treatments are anything to go by, it will be no obstacle if the treated cows end up dead.
According to this story, the ozone layer will possibly be wrecked as well:
Vaccine for cow flatulence is the holy grail:
https://www.fastcompany.com/90824840/vaccine-cows-methane-emissions
The objective of factory farming is to feed animals any sort of rubbish obtained as cheaply as possible to produce a marketable product; these materials are as far removed from the animals’ natural diet as processed and prepacked food is from a healthy human diet.
Many will recall Mad Cow Disease, and such possibilities are no obstacle to profiteering, Creutzfeldt-Jakob disease is the human version:
https://drjessesantiano.com/prion-disease-and-brain-degeneration-after-covid-19-shots/
Seems a high price to pay for Global Warming which so far has evidently been making us cooler. In Melbourne, it is the height of summer and we have just had snow in the ranges.
From fallscreek.com.au Friday 2nd February 2023:
MIN, MAX, PRECIPITATION, OUTLOOK. Friday, -2, 1, 80%, 1-5mm, Mostly cloudy. Mix of rain, snow and sleet. Fresh NW winds.
North west winds – note: that would be straight off the desert in the hottest part of the year.
Now, a conference in midsummer in the snow, would be an experience worthy of posting on social media, and could probably be caused by Russians eating cabbage soup.
Excellent expose’
Inflation is like a wave that builds up and comes into the beach, washing all the sand around, but then has to go out again, and sucks the hapless out with it. The entire cycle must be completed, for the money printing to start all over again. The RBA analogy, that their interest rate increases are like shooting bullets at inflation, is nonsense.
Dee I really like your analogy above.
I recently had a debate with a friend re interest rates/ inflation. I stated that it is interest rate increases that spark inflation and should never be increased to fight the inflation. His arguement was if interest rates are low people borrow more money which creates inflation. However my theory is banks should not be allowed to lend money (including on credit cards) when the borrower is fully committed financially. Most people are fully committed all the time.
Mal, when there was an unsolicited mailout of a Mastercharge card to every bank customer in NY, maybe 1972-ish, I got one from Citicorp. It said the cost of joining was $49 “but if you don’t have $49, we can spread it out over 6 months.”
Can you imagne giving a card to someone who lacks 49 bucks! It has been the curse of any people, maybe the majority of Americans.
I remember the first BankAmerica Card. There was NO FEE. If you paid the charges within 30 days, there was no interest on the charge. I carried one around and if I did have to charge something on it, I paid the bill immediately.
Of course, the Bank was merely putting the candy in front of the immature adults and letting themselves get into debt. I found it difficult to imagine why a person would end up maxing out their credit card. However, the banks never found it that difficult to imagine.
Stupid is as stupid does…
If banks were only allowed to lend real money instead of being allowed to create fake (COUNTERFEIT) money …
Another way to fight inflation is to arrest and deal with all the loonies, Bill Gates, Klaus Slobs, George Soros and the C.E.O.’s of the central banks that keep the lies and false stories of climate change being a scare factor to the world. Of course the msm editors could be added to this clutch of criminals.
Sorry J.G. Olsen. I didn’t read introduction correctly and thought the article was written by our Dee. Hence my reference to Dee re anology.
Authored by JG Olsen.
“Some like to think a new BRICS gold-backed currency would save us from dilution, this would likely only be possible under a totalitarian regime, such as the digital prison currently underway.” – I would like to see a ‘gold backed currency’, but I don’t see why it would ONLY be possible under a totalitarian regime.
Clearly, a gold backed currency would save us from dilution. The gold Sovereign I bought some years ago for A$186 is now worth around A$650.
You can still get old silver coins, they also retain their value. An old 3 pence is worth A$1.35 today (I just checked). A 6 pence is worth A$2.71, a Shilling is worth A$ 5.42, a Florin is worth A$10.86 and a 1966 50 cents round is worth A$11.02.
Those coins were not created under a TOTALITARIAN REGIME. They were created back when people understood the concept of real money. The concept of real money could make a come back and it wouldn’t need to be a BRICS gold-backed currency, it could be an AUSTRALIAN CURRENCY.
We can’t even get the truth about the weather !!!
Warming = snow in summer… and Spring–Summer–Autumn–Winter is proof of Climate Change
Amos 4:7
7 “I also withheld rain from you when the harvest was still three months away. I sent rain on one town, but withheld it from another. One field had rain; another had none and dried up.
Jeremiah 5:24
24 They do not say to themselves, ‘Let us fear the LORD our God, who gives autumn and spring rains in season, who assures us of the regular weeks of harvest.’
Jeremiah 14:22
22 Do any of the worthless idols of the nations bring rain? Do the skies themselves send down showers? No, it is you, LORD our God. Therefore our hope is in you, for you are the one who does all this.
As I recall florins evolved out of the Firenze (Florentine) shilling which was used all over Europe because it was so reliable. The Australian florin was notionally equal to 20 cents in about 1970, if your florin is made of silver I would be curious what the date on it is, very early 1900’s ?
Australia is a lackey of the US. Gold is priced in US dollars. Russia and China have been buying up gold in huge amounts.
Sent to us by DH, concerning civil disobedience. (Hey, what’s that?)
continues …
The World is Not Ending | Bjørn Lomborg | EP 315
Interesting that the Globalist tactic for dealing with hyper-academic Bjørn Lomborg was to roll out a 12 year old activist with slogans like “bla bla bla”
I think if cows produced any significant amount of methane the Dutch farmers would have hooked them all up to hoses by now. They would only be allowed to pooh for 5 minutes 3 times a day, like an Amazon employee. Perhaps I’m wrong and that’s what already happens.
I used this webpage and referenced the early Sterling 92% silver content.
https://www.australian-coins.com/silver-calculator/australian-silver-coin-values/
Top UN – Whistle Blower.
He tells RF that CC – CV*19 and other issues are all BS.
https://loj291.keap-link019.com/v2/click/fc92e1583b733540e42858ac2cb84721/eJyNkMEKwjAMht8l5-Hc5qruNoaMMvUgepbRBazWtnSZIrJ3t1PxpOA1-f4v_LkDoa418QYyUOYYzyMIwKGQVqKmwmiqxXMbx_MJSwJQUp9KZzoL2f1r-AMMYxalUzZOA6CbRU9tN3lR8XW5X_J15WFbO3_mL1XEoniWTD-qxSrnS-j7n248S1pcvL6FjFyHQ69G-m60c8rzByLbZmHYkrFX41QjfFtn1EiYc9hpHKJeU1uLunl_osLbS9Y_ACVYZpk=
Good video, here’s an article that helps illustrate the theme of that video.
https://www.investmentwatchblog.com/rishi-sunak-we-want-to-rewire-the-entire-global-financial-system-for-net-zero/
I have a feeling that trying to VOTE these WEF POS out of office is going to be a hard task. Maybe that is why they have been trying so hard to disarm us. Perhaps we just need a list of all these POS and just start knocking them off. There, job finished.
The limits of the tyrants are prescribed by the limits of the oppressed.
Secret Government Meeting on COVID-19 Natural Immunity
https://popularrationalism.substack.com/p/secret-government-meeting-on-covid?utm_source=substack&utm_medium=email
There simply is no such thing as Covid-19 https://stopworldcontrol.com/
A lady got off the cruise ship in Fremantle early 2021 and said she had covid along with the rest of them and it was nothing too much to worry about.
Thus informed, I ignored all the government bullshit for the next two years.
Correct Gary! In over three years no country has isolated any bug to be identified as Covid 19 (Certificate Of Vaccination Identification 2019).
No medical authority in over 25 countries, South Africa being the latest, when challenged in a Court of Law, has been able to prove the existence of such a bug.
And the last three years of what this country went through could have so easily been avoided, if just one lawyer had the cojones to challenge just one state’s Health Minister to prove the existence of Covid19.
Covid 19 was patented, and nothing that is naturally occurring in nature is able to be patented. Let that sink in.
And here is the patent number for those who wish to check it out:
US2020/0279585 AI – published date September 3/2020. Original approval date was in 2015 for Rothschild.
If I’m not mistaken Karen Kingston says it was distributed by aerosol.
After injections it supposedly spreads by shedding. How is shedding different to a virus, well a very technical question but perhaps it’s all about Bill Gates being comfortable with the word virus. Perhaps the virus story goes back to Spanish Flu, perhaps it’s an idea that has long been popular with elites such as the late Prince Philip. Whatever the facts, they are still being kicked around by the experts. However in my experience you can trigger a natural cold by having an afflicted person dribble all over you.
I would agree in this case you have to be susceptible first – like all those first-nations Mexicans when Cortez landed.
On the Melbourne weather, they said there was snow in Dromana which is at sea level, just past Mornington.
In Auckland NZ they have been having floods, quite curious, because looking at the map they do not even have a normal river through the middle of Auckland, it is all hills and so it drains in every direction, since it is raining most of the time anyway in NZ, it’s mystifying why there would be such flooding just when the new PM has taken over, and needs opportunities to prove his leadership, compassion, media training etc., to cement himself in. Bill Gates is known to have been in the general vicinity. Maybe someone closed up the stormwater drains too ? ? ?
Here is his predecessor, they lying hag we got to know so well, who saved NZ from terrorism, scamdemic, and whose father I think it was locked down Tokelau (?) Island for months, a tiny place with a few native polynesians on it.
Here her lying is scrutinised, the “chained elephant swaying”, the “pursed lips” (pursed does not = pout), even the story and alt-theory pre-denial indicate she was booted out according to a schedule and chosen to have her legacy thrown under a bus while the new guy puts his best foot forward. What next for those dismal islands shrouded in gloom. We are all being scammed, the only question is who is the most professional lying scammer, and it would not be the former NZ First Hag.
Is that thing really a female? Just asking for a friend.
I understand that ‘she’ was originally called ‘Jack’.
The word I got from a retired intelligence officer is that her party took a vote and said ‘your gone!’. That body analysis video supports that information.
I hope the next video I see of it is when it gets stripped naked and hung from a light post.
When are those maories going to deliver
For those folks interested in tuning into a medical conference to be held in Canberra at the Rex Hotel – apparently to be attended by Dr Peter McCullogh – tune in to VoF -Voice of Freedom broadcast on YouTube at 7:00 PM Tuesday night.
The conference is to air the problems that many medical professionals now have with the jab.
Newstopia explains the Reserve Bank
One of Shaun Micallef’s best efforts, but of course nowadays he is shilling for va666ines, NWO, M$M etc and totally sold out.
On the switching of cause and effect
Well well it turns out the problems with feral aboriginie kids in Alice Springs go back to alcohol poisoning during in utero development – and it seems plenty of people were aware of this. Abbott sent up the army, Scotty FM sent up the injectors, Elbow has been up for a media event and walk-amongst-the-people but nobody wants to invest in the future – could this be because there is no future ?
Government spends a lot of money to get all the facts on the table, then chooses to ignore them – they are directed otherwise.
Blue party are more likely paid off one by one, the others are directed from top down.
Who is President of the ALP ? Why it’s Swanny !!!
… Wayne Swan (National President) Paul Erickson (National Secretary) Mark Butler (Senior Vice-President)
This one Paul Erickson is a rising star not even 40 yet, installed mid-2019.
Mark Butler, Health & Aged Care minister, always produces strong feelings of skepticism in me when his mouth is open ( and even closed ).
OK last happy snaps, Elbow back on the plane, job done.
Government policy is to inject, they are still running the ads on NITV ( indigenous people’s channel ).
Wreckers at work –
Still waiting for commenter anonanon to come up with the article “Why Assange is a psyop”,,,
Didn’t he publish whatever was sent in by Bradley Manning ? Then Manning was simply jailed, and decided it would be advantageous to become a ladyboy, and nothing much happened after that. Meanwhile, Assange had two kids with his lawyer while still locked up in England on no charges ? This is a very odd story.
Some people are saying everything in the world is owned through Vanguard which controls BlackRock & on & on. I was just flicking through TV channels and saw an ad for Vanguard Super !!! Looks like they are going to undercut all the local ripoffs and monopolise everything
https://www.vanguard.com.au/super/
Australian Federal Treasurer Jim Chalmers reinvents communism for the 21C
Start audio at 5:00
https://www.theguardian.com/australia-news/audio/2023/feb/03/is-chalmers-essay-capitalist-or-communist-in-defence-of-nuance-with-lenore-taylor
Warning: word of the day is “nuanced”, it seems this is 21C for “fudging”
Chalmers is going to redo superannuation into housing, more dole etc. Of course you’ll need to be injected to qualify for all the communist discounts.
You won’t be needing your super anyway. ( Translation for US readers = 401k )
Australian military is also a winner !!! Everything to go on Jim Chalmers big communist credit card. The security for this ballooning debt is Australia itself.
https://www.skynews.com.au/australia-news/politics/government-looks-to-chinas-economic-rebound-as-treasurer-jim-chalmers-flags-substantial-boost-to-defence-spend/news-story/2045dc739fb75a592c081f3b51929daf
You may own your house but you don’t own the land a couple of metres below the surface. The actual planet will be owned by Globalists. What you will own is a sort of strata title over the topsoil. Continued ownership will require an injections e-passport, plus social credits being debited at a rate similar to rent, ie what you can afford. Worried about old age ? Injections will be improved so relax, this won’t hurt a bit.
Recycled from an old G5 article
New Tech:
Luminescent implants to display blood pressure etc., “time for your pill”
Cleaning out of clogged arteries seems to have escaped the medical fraternity.
Chop up a few lemons and garlic bulbs, don’t peel any of it, add water and whizz it up in the blender.
Add more water to fill up a big pot and bring it all to the boil, boil for one minute then strain.
Drink about half a cupful half an hour after meal(s). Hint: wait for lemon season
Solar panels:
Government experts are working on recycling techniques for expired solar panels, demand should be ramping up in ten years.
How is normal recycling going ? The strategy is, when the recycling centre, normally a huge shed, is full of rubbish somebody burns it down. This happened over 100 times in Poland which takes Germany’s rubbish, helping Germany’s environment credentials. But it happens regularly in Australia too.
Wooloworths was collecting “soft plastic” for some years to recycle, now their warehouse is full, it was announced the soft plastic would be going to landfill.
My congratulations to Woolworths AND government for their spectacular failure despite almost unlimited time and money and information and human resources, to bring about such total failure is a massive gold star achievement, I give them 11 of 10, this is a world-beating result, only Zelenskyy in Ukraina could possibly improve on it. I nominate the Australian government for the nobel prize in uselessness.
Per Capita, Australia is the richest nation, bar none. Norway comes very close as do the Emirates. Large land and sea area, small population.
The Aussie $ is manipulated by the City of London and others so that they can plunder mineral wealth and foods.
5 Eyes maintain cheap food policy to make banana republics that can be toppled by restricting food supply, as it is not viable to have those victim countries grow their own food.
We can lead by example, by doing away with all foreign borrowing and nationalising the banks. The only US bank never to have failed is state owned in one of the Dakotas.
Money is anything tangible that has value. Metals are still valuable but memory chips, can also be useful. Promissory notes can become worthless overnight. Greed is fed by marketing so nationalise media as well. The politicians depend on slush funds for election…. they are actually underpaid so wide open to bribery after they retire….
Corrupt the money supply and we end up in a jungle!
Venice Carnival begins (1 min)
Meanwhile the real party has moved on …