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The Forum > General Discussion > Welcome back RBA

Welcome back RBA

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rehctub, if you think that lower interest rates will save us, you are mistaken.

The cycle of the debt money creation system is coming to an end. They now have to create exponentially more debt money now, to pay for the debt money of the past. They cannot put up rates because the system will collapse. Many people now have debt on their mortgages in excess of $600,000 with little equity in their houses.What happens when the system collapses?

Just use this time of cheap money to pay down debt because nearly all asset classes are way over valued.
Posted by Arjay, Thursday, 5 February 2015 6:43:56 PM
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Well, well, well, how the worm has turned. Those who were only 18 months ago calling for Labor's blood over party insurrection and lack of economic control are now realising how bad this Abbott mob really are.
Butch, you say " What hope have we got when we have people like these, our so called 'brains trust' incapable of seeing the Forrest from the trees."
That 'brains trust' would not be The Mad Monk and his "faithful" companion, Cocky Joe Hockey, by any chance?
As for party disunity in government, just have a read of your favorite fish wrapper, even the Murdoch ones can no longer stand Abbott, and wish him gone. The only industry these economic buffoons are driving full steam ahead is the unemployment industry. We should all realise by now the country is being run by a band of the totally, economically, incompetent!
Posted by Paul1405, Friday, 6 February 2015 6:13:30 AM
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There is good reason why Abbott should be preserved in a jar just like farlap’s heart. He is by far the most extreme politician ever. They don’t come like that every day. How would you like a wax model of him so we don’t forget his kind wisdom.

It's ok saying big business wants lower rates, it does nothing for persons living on self funding.

AU is an expensive place to live, by running down funding there will be a whole lot more on the pension.
Posted by 579, Friday, 6 February 2015 6:41:44 AM
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Good morning 579, could not the Pope make our Tone a Papal Knight (he would love that) and call him to Rome, maybe put him in charge of the Vatican economy, when is Vatican Day? The day Governor Peter sailed into Vatican Harbour with boat loads of saints and sinners and took over the place from the Romans. I think it was 32AD, about tea time.
Posted by Paul1405, Friday, 6 February 2015 7:05:59 AM
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Tony Abbott's rating as a leader flounders somewhere between asbestos and Ebola, and history suggests he doesn't have the time to turn this image around and stave off a backbencher attack.

Ratings will be at an all time high next Tuesday, when Turnbull gets the nod. Abbott is not going to be in good shape by Tuesday. How long can you go without sleep.

Abbott and hockey and pine all have to go, a fresh start to a terminal regime. Conservatism has run it’s race. Lets get back to liberalism and see this term of govt; through.

The honorable thing to do would be to resign for family reasons of course, and have the change with out any infighting. Abbott being Power drunk makes that option a hard pill to swallow.

If the situation gets any uglier than it is there won’t even be a rating with a name to classify it. Although Abbott says it is not a popularity contest, but it would be nice to have some friends, even if it is your dog. News is at feverpitch, while toxic Tony says it is democracy at work
Posted by 579, Friday, 6 February 2015 9:58:58 AM
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579, "The honorable thing to do would be to resign for family reasons of course," Could our Tone give that family reason, being not only does The Liberal Party Family hate me, but all the other Australian Families hate me as well.
Posted by Paul1405, Friday, 6 February 2015 10:33:38 AM
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