Think about this scenario: the RBA cuts rates, yet the interest you pay on your mortgage goes up. How could that happen?
The answer is the Australian government’s trillion dollars in debt. If the muppets in Canberra continue to spend and borrow like they have been, adding to the near trillion dollar debt pile, the consequences for Australians will be huge.
The country will lose its credit rating, bond premiums will increase and there will be flow on effects right down to the repayments on your mortgage. Everyone knows you can’t spend more on the credit card than what’s coming in your salary or the house will crumble.
Everyone it seems, except Jim and Albo in Canberra.
Could be an excuse to sell off the rest of the country to China to replenish the coffers with no other option to clearing the debt , they just about own everything else . And when rioting begins like on the streets of Paris no 2 guesses for who’ll be in the crosshairs .
🙏
Chalmers , “ A CHARISMATIC GRIFTER “ who’s political career is becoming catagorised by a series of scandals and unethical behaviour is revealing a pattern of dishonest practices , misleading promises , fraudulent schemes and embezzlement to enrich the Labor movement ( themselves) through extracting funds from the tax payers in Australia revealing a pattern of corruption , self interest that undermines the public’s trust . Political editors during interviews with Labor party kleptocrats are finding themselves being stonewalled during questioning .