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The Forum > Article Comments > Reserve needs to do its bit to help stimulate recovery > Comments

Reserve needs to do its bit to help stimulate recovery : Comments

By Henry Thornton, published 6/11/2012

We ask the board of the Reserve to recognise that inflation is under control and a lot of small businesses have already failed or are headed for a hard landing.

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Well, what can the Fed do after it lowers rates by another 25 basis points?
What we need are politicians with enough testicular fortitude to grasp the nettle of reform!
Reform which must address the destiny of demography. Reform and vast simplification of the tax act is first cab off the rank!
Complete harmonisation second!
The GST must be on the table!
Do something don't just stand there!
You can't be half pregnant, and someone either the fed or the states need to assume full responsibility for health and education funding!
We don't need to be paying double management fees! Or indeed, fixing what ain't broke!
And if the states won't cooperate, the GST, a Federal govt creation, and collected by them, can and should be withheld, until they do?
States parliaments combined, cost we the people around 70 billions plus per.
Money that could be better used; and or, badly needed as never before, elsewhere!
And given the new age space age technology that allows people from all around the world, to engage instantly in trade, commerce and or conversations! Removes all the horse and cart reasons, we created state Parliaments in the first place? And which, are simply no longer needed; or indeed, even relevant?
Rhrosty.
Posted by Rhrosty, Tuesday, 6 November 2012 12:16:16 PM
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All we need is for the RBA to do it's real job and create money for our banks so they don't have to borrow from OS banks who just create it from nothing anyway.

This would save us 30 billion pa in taxes + interest.
Posted by Arjay, Tuesday, 6 November 2012 12:29:06 PM
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Unfortunately the current RBA board has too many bankers. They are far too interested in the profitability of our big banks, which leads them to make bad decisions.

They are probably also frightened of the banks ignoring their movement on interest rates, & charging what ever they damn well like, making them look like the fools they are.

What we need is government action to bring the banks into line, Simply refusing to put any money into them, particularly the payroll should be enough to bring them to heal.

We have to get the dollar down, & soon, or our internal economy will be destroyed. Currently we have a government that only spends, usually money it does not have. It could even save it self, perhaps, if it started some action on fixing the dollar now.
Posted by Hasbeen, Tuesday, 6 November 2012 11:16:08 PM
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