See http://econoclast.com.au/docs/2008notes/nothin_nohow.pdf

You have to wonder about the real agendas behind the RBA economic philosophy.In numerous discussions on OLO I've questioned their wisdom.

What they are embarking upon with their present philosophy is the destruction of our domestic economy.It will only weaken businesses here and make them ripe for foreign take over in the near future.

I have to question this whole philosophy of Globalisation/free trade and the resultant destruction of our local industries.

Our balance of payments deficit is now $615 billion.We are bleeding to death with exception of one month as we move into recession.ie Domestic demand has fallen sharply.

The real agenda as I see it behind the RBA policy as I see it,is too bring on a recession,sharply lower wages and thus make it more attractive for multi-nationals to invest here.

Prior the 1990's recession we had double digit inflation due to wages demand.We have no such scenarios now.In fact,our wages have decreased in relative terms in comparision to the 1980's.Food,housing,fuel,the legal disease and the cost of Govt are far more expensive.

Where is the method in the RBA's madness?

<<What they are embarking upon with their present philosophy is the destruction of our domestic economy.It will only weaken businesses here and make them ripe for foreign take over in the near future.>>

....and the English Lords, drove off the Scottish highlanders, and took the land for sheep grazing, as the textile mills of Birmingham hungered and thirsted for ever more raw materials:) The Scottish nobility did not hold them back, but rather, enjoyed the patronage of their English masters, and enjoyed also the trysts in remote English owned manor houses.

Get the idea ? :)

See todays Telegraph headlines"True Lies".Here's proof that they do plagairise.They published a work of mine using Jackson Brown's song The Pretender,portraying Rudd's labor as pretenders.

"And believe in what ever may lie
In those things that promises buy
Thought true lies could have been a contender"

see www.blog.news.com.au/dailytelegraph/piersakerman/-
26/5/08 "Rudd Can't Ease the Cost of Living" P5 published 28/5/08