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The Forum > Article Comments > Reserve should lie low and keep its powder dry > Comments

Reserve should lie low and keep its powder dry : Comments

By Henry Thornton, published 4/9/2012

A little Q&A for the board of the RBA.

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The RBA should start acting like a real central bank and start creating the money to equal our increases in productivity,population and inflation.

Currently even our inflationary money is borrowed from banks like the US Federal Reserve (A private cartell of banks)who just create it with the click of a computer mouse.Inflationary money depreciates our money,thus they are stealing from us and presenting back as debt.They own our increases inn productivity by virtue of creating from nothing the money to equal it.We will never escape this debt trap unless we all demand that the RBA for once does it's job.

Our taxes can be reduced or more importantly we can have debt free infrastructure and true prosperity if we give our pollies reason to have a backbone.Iceland has gone it alone and told the Central Banks of Europe where they can stick their counterfeiting debt money.Why don't we follow their example?
Posted by Arjay, Tuesday, 4 September 2012 8:22:24 AM
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No! Disagree with the article and its premise; or, reading of the tea leaves/economy?
It is time for the RBA to start and keep reducing rates to keep our own economy ticking or still alive and well.
Prevention is always the best cure; and far better than being asked to resuscitate a bent or broken economy?
Moreover, it's time we stopped listening to the economically moribund greens and the way they would shut/lock down/kill our economy, with their economically illiterate wish/unfunded spending list(s)?
Rhrosty.
Posted by Rhrosty, Tuesday, 4 September 2012 1:18:59 PM
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Rhrosty,with this present system,the more we borrow as a nation,the more debt we incur.Our total debt per capita is greater than the USA.The only thing that saves us is the flogging off of resources cheaply.

China is slowing and sourcing resources from Africa and South America.We will be in deep dodo soon if we do not sack our present RBA board members and grow some balls.The RBA can save our economy by injecting at least $30-40 billion into our economy debt free pa.

The other issue is the bloated Public Service.That must be reduced by at least 25% and be made accountable.
Posted by Arjay, Tuesday, 4 September 2012 8:33:50 PM
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