NSW farming family fighting massive powerlines going across their properties
Rate cut won’t help Albo much
By John Mikkelsen
The RBA’s decision to cut interest rates by 0.25 Percent this week should have come as no surprise in the current political climate, with an election looming and the Albanese Labor Government desperate to claw back some credibility.
But… the Reserve Bank is independent and doesn’t succumb to political pressure, does it? That’s the theory, but the facts could suggest otherwise. Several leading economists have declared it was the wrong move, which could add to inflationary pressures and virtually rule out any further cut when the board meets again in April.
The Australian Financial Review reported some of the comments leading up to the last meeting:
Labor backbencher Sam Rae declared on Monday “my community needs a cut.”
Junior minister Matt Thistlethwaite said borrowers “deserve some rate relief” while Labor MPs Mike Freelander and Graham Perrett pushed for a jumbo 0.5 percentage point rate reduction.
Their demands followed months of calls for immediate cuts from Labor-aligned commentators including Craig Emerson, Ross Garnaut and Wayne Swan.
Even the big banks weighed in. … One former senior RBA official said they had never seen a pressure build-up like it…
Meanwhile, a leading economist claimed mortgage holders could face interest rate hikes later this year as a result of the RBA decision:
Judo Bank chief economic adviser Warren Hogan predicted a “disaster situation” unfolding because it’s still too early for rates to come down.
Mr Hogan believes the RBA board risks driving up inflation before it’s truly under control.
“It might sound attractive to a lot of Australians with mortgages to get a rate cut or two and save $50 a month in the short-term over the next six months, maybe even 12 months,” Mr Hogan said.
“But if that puts at risk rates going up by a percentage point or two, and then having to come up with actually not just that $50 back, but then another $100 or $150, do they really want that $50 right now and then putting at risk that it’s going to go up later?
Sky News host Sharri Markson called the rate cut “economically reckless” and perhaps “politically motivated”.
world sanctioned by Labor, Liberal, Greens and Teals, fanning power
costs, de-industrialising Australia
Ms Markson suggested Reserve Bank Governor Michele Bullock “caved into” a marginal interest rate cut under sustained political pressure.
“Serious economists and former RBA officials have criticised the decision, which could worsen inflation and the cost of living crisis.” She interviewed some outspoken experts:
But will the cut from 4.35 percent to 4.10 percent make much difference to Labor’s electoral chances in the face of polls which continue to show a steady overall decline and lack of support for Prime Minister Anthony Albanese’s leadership.
Considering it comes after 12 interest rises and a list of broken promises, I very much doubt it.
Regardless of whatever spin the Treasurer Jim Chalmers and PM Albo try to put on the level of inflation, we all know how pledges such as a $275 annual reduction in electricity bills (repeated almost 200 times in the lead up to the last election) have panned out. Apparently that was just “aspirational” along with cost of living relief, mortgage relief, government transparency and “my word is my bond”. We all know costs have gone through the roof, fanned largely by power prices which have risen by an average of $1000 and their flow-on effect on food prices and small business failures.
According to Albo and his Energy Minister Chris Bowen, “renewables” are the cheapest form of energy because “the sun and the wind don’t send you a bill.” But if that was true our bills would be trending down and there would be no need for billions in subsidies to energy companies or direct temporary handouts to consumers struggling to meet their invoices.
The sun and the wind are also intermittent, producing nothing at night or when the wind doesn’t blow. Storage batteries can’t compete with reliable baseload power required by our remaining manufacturing industries. The so-called solar and wind “farms” with thousands of km of new transmission lines are consuming huge areas of arable farmland and native forests home to koalas and other threatened species. Huge off-shore wind turbines threaten whale migration routes and commercial fishing grounds.
We could once boast one of the world’s lowest power prices, now we have one of the highest because of the Labor Government’s obsession with “net zero” CO2 emissions. This is an unachievable green dream with total reliance on unreliable renewables and an unrealistic ban on nuclear energy which makes Australia a laughing stock on the world stage.
The Paris Agreement which both Labor and the Federal Coalition still adhere to is pretty much dead in the water since one of the first actions of US President Donald Trump was to withdraw the US, declare a national energy emergency and pledge to “drill baby, drill”.
Meanwhile, yet another green dream has bitten the dust with the South Australian Government withdrawing its $600 million backing for a green hydrogen plant at Wyalla to support the $2.4 billion steel works rescue package announced by the PM and Premier Peter Malinauskas in the wake of the RBA interest rate cut. This is just the latest in an ever-expanding conga line of major backers pulling the plug on green hydrogen, green aluminium and now green steel over the past year, despite billions in government subsidies (as I’ve previously reported.)
https://www.onlineopinion.com.au/view.asp?article=23342&page=0
So as I said at the outset, I don’t think one small reduction in interest rates for mortgage holders will have much of a rebound effect for Labor in the polls, however welcome it might be for struggling families.
Many still find home ownership out of reach and that is also unlikely to change, but perhaps today’s potential buyers set their initial goals too high. Forget the four-bedroom, double garage and pool and start small.
Speaking from experience, when my wife and I were first married back in the ‘60s we bought a one bedroom fibro beach shack at Bargara with a mortgage rate of about six percent.
It was on a big block which we subdivided and sold, then added an extra room to the shack before we sold that too. My wife, a young nurse with an inherent interest in real estate, sketched plans for a trendy V- shaped brick veneer and we obtained a co-operative builder who let me do all the painting as the build progressed, before I went off to cover the news as a young reporter on night shift.
That was the start of a progression of home and investment properties over the years, including during Labor PM Paul Keating’s “recession we had to have” which saw mortgage rates peak at 17 percent.
When our sons moved to Brisbane for University and work around that time, we bought a small inner- city unit which had a public pool, major shopping centre, bus stop and train station all within a few hundred metres. There was also a credit squeeze (thanks Paul) and I had to take out two mortgages, but when we sold it a few years later to upgrade to a more roomy house, we doubled our money.
Former Liberal PM Malcolm Fraser once said, “Life isn’t meant to be easy…” But to complete the George Bernard Shaw quote “ … take courage: it can be delightful.”
Or as Archie Roach sang, From Little Things, Big Things Grow https://www.youtube.com/watch?v=iCN0Js1PT-g
John Mikkelsen is a former editor of three Queensland regional newspapers, columnist, freelance writer and author of the Amazon Books Memoir, Don’t Call Me Nev. (https://www.amazon.com.au/Dont-Call-Nev-John-Mikkelsen/dp/B09S244GP1/ref=tmm_pap_swatch_0?
” unrealistic ban on nuclear energy ”
If not the most interesting quote in the article it’s certainly the most intriguing ..
I reckon when it comes to politics, there’s very FEW actual “dummies”. For every “dummy” there are hundreds of sold souls putting in the licks in politicks.
Global WAR-NING! – Geoengineering Is Wrecking Our Planet and Humanity
Prof. Claudia von Werlhof (Editor)
With Contributions by
Vilma Almendra, Rosalie Bertell, Michel Chossudovsky,
Josefina Fraile, Elana Freeland, Claire Henrion,
Maria Heibel, Conny Kadia, Linda Leblanc, Claudia von Werlhof
The so-called “climate emergency” has become a timely and convenient instrument of propaganda which is used to distract people from questioning “the real crisis”, namely the Covid-19 “plandemic” (instigated by the financial elites) which is destroying people’s lives Worldwide.
Exclusion of Geo-Engineering and Environmental Modification Techniques (ENMOD) from the Climate Debate
https://www.globalresearch.ca/global-war-ning-geoengineering-is-wrecking-our-planet-and-humanity/5753754
THE NONGOVERNMENTAL INTERNATIONAL PANEL (NIPCC) ON CLIMATE CHANGE – 2019 – Climate Change Reconsidered II – Fossil Fuels
© 2019, Center for the Study of Carbon Dioxide and Global Change and Science and Environmental Policy Project
Published by THE HEARTLAND INSTITUTE
3939 North Wilke Road
Arlington Heights, Illinois 60004 U.S.A.
The Nongovernmental International Panel on Climate Change (NIPCC) is an international network of scientists first convened in 2003 to critically examine the reports of the United Nations-sponsored Intergovernmental Panel on Climate Change (IPCC).
Unlike the IPCC, the NIPCC is not a government agency and does not receive government funding.
Whereas the mission of the IPCC is to justify control of greenhouse gas emissions, NIPCC has no agenda other than discovering the truth about climate change.
https://climatechangereconsidered.org/wp-content/uploads/2019/01/Full-Book.pdf
“Albanese, Bowen and Dutton last three WEF dummies left standing in the world supporting Net Zero and renewables scam”
They can’t now change tack without being disgraced as someone’s sock puppets. They will need to be replaced with new sock puppets.
A “360 deg” turn around would be as catastrophic for us as for that German sheila foreign minister who said she will support Ukraine uber alles, no matter what the German people want.
But then again, it seems nobody gives a rat’s arse what we want, not even we, ourselves! Otherwise we’d do something about it.
Nothing to see here, folks…
[ https://rumble.com/v6lxd71-trump-declares-war-against-chemtrails-as-unmarked-planes-dump-toxic-payload.html ]
We know, because “experts” tell us so.
David Ashton.. Thanks .. saved your site.
Last warning Melissa. Ed
David Ashton said – “… My website is Get Some Truth dot Com…”
Quite the site you have there, thanks for the info.
Fed up.. You are a troll nothing more and your comments are deliberately provocative and offensive. I would think you are the same on a daily basis. I suggest we ignore all comments from this poster.
ALL inflation is caused by Government and the Reserve Bank. A whistleblower gave us the real reason why electricity prices are going up. Just search my website for Net Zero Scam and the wind farm propeller on fire image and you’ll know more than most Aussies. Spread the word. Independents will delay our pain this election. My website is Get Some Truth dot Com.
Fed up …
• Abortion: The Kosher Slaughter
https://www.hope-of-israel.org/kosherslaughter.html
Writes Charles A. Weisman:
“It is not surprising to find that the majority of abortion clinics are run by Jews or have Jewish doctors in them. Nor is it surprising that Jews are the promoters of abortion, as a majority of Jews favor the ‘right’ of women to have abortions. Worldwide it is estimated that over 35 million white children have been sacrificed by the Jewish-instituted and promoted plan of abortion.
“The Jews have long been pressuring legislatures and courts to ‘legalize abortion.’ In America this was achieved by judicial usurpation over the rights of the states when the Jew, Justice Blackmun speaking for the U.S. Supreme Court in 1973 [Roe Vs. Wade], claimed to make abortions ‘legal.’ The opinion of Blackmun was based in part on the medical ethics and standards of another Jew, Dr. Edelstein.”
Listen to what this dad says about full term abortion!
Our politicians are allowing this to happen here in Australia as well
PISS THEM ALL OFF
They don’t care about you or your children
https://x.com/TinaZimmermann4/status/1865761294059520171
Credit for the link: Tina Zimmermann on X
Inflation was never a major problem before 2021. The covid scam, intended to weaken and destroy the country, was sufficient to keep the populace scared and compliant. But, when that started to lose steam in 2022, inflation was rolled out by governments, central banks and major corporate players to keep the plebs in line (and in debt). It was an opportunistic money grab. There was no inflation as such. It was manufactured and blamed on the war in Ukraine. However, once started, it created its own momentum, and now we see continual price rises in just about every commodity. The anti-Australian agenda and policies of the government through so-called ‘renewable’ energy, the destruction of profitable businesses, and the prohibition of free speech, will have their intended effect unless parliament is swept clean at the next election, and our traitorous ‘representatives’ removed.
zzz3856
February 20, 2025 at 6:39 pm
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I like Clive.. I think he is genuine and he cares about Australia, which is more than can be said for our government.. And yes, our government and every politician needs to be audited and made to account for their bank balances and where they got them from.
Anyone seen the latest fiasco against Trump for calling out Zelensky… I don’t think our government is aware of what really happened or why Russia commenced its special operation… Do they know about the coup in 2014 Ukraine, and Ukraine’s murder of men, women and children over the next 8 years because they would not recognise the new puppet government there… Do they know about the Minsk agreement lies by Europe..?
Dutton on TV calling Putin a dictator and other names and having a go at Trump… Is he serious? Are they WEF brainwashed or what?
And the poor Australian spy plane that Chinese jets buzzed offshore China… I think they were within their rights. And now Chinese warships in our waters – so what…!!! we go into their waters all the time and fly over and spy on them all the time….!!! China is NOT our enemy – it never was.
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zzz3856
Says the person who had his/her nose up the CCP’s arse a few articles ago!
Irene Laird… well said. I really don’t think they know what they are doing. There is no forward thinking or any sign of common sense in their approach. They all change ministerial jobs like musical chairs and are not qualified for the jobs they are trying to do. They are destroying the country and people have lost faith in them.
I think most of those politicians in Government for the last decade or so are politically inbred and lack critical thinking and commonsense! New blood with untainted elements of ‘deformed, unoriginal mass thinking’ are desperately needed in Government to strengthen, renew and build a better model.
FYI
Pilots in Tasman sea diverted over possible Chinese live fire exercises!
Where are your Australian politicians
Where is Penny Wong
Most probably pissing off the side of one of the Chinese Naval Warships while standing up
……but not for Australia!
ht tps://youtu.be/MvVfnQrY1Ms?si=-MGzz5ifrpKiiCcy
Credit For News Link: ABC News Australia
You all want remedy or fluffy rainbow unicorns to keep you on the Merry go round?
This is what happened & how they conned us all. (Anna’s link below)
Remedy- stop letting them use your corporate name, return ” reconvey” back to your living “Christian” name and become a free Terra Australia man/ woman.
Take back what is yours and always has been, they just didn’t tell you !
https://annavonreitz.com/toalltheothernations.pdf
Enjoy your weekend everyone.
Good health to all,
Common sense Phil, CQ.
Piss them all off!
Bring on the new Constitutional Republic Of Australia
(Q) Military is the only way!
Pat and Dandy Information comments ‘spot on’ as always.
See >
Where have all our land titles gone, long time passing?
November 1, 2016
Australia’s big four banks have quietly destroyed all paper land titles they hold for 1.6 million Victorian mortgagees, forcing property owners to use a bank-owned electronic transaction system.
https://cairnsnews.org/2023/03/25/where-have-all-our-land-titles-gone-long-time-passing/
Honing in on the perpetrator of world economic destruction
For example in Queensland the Labor Party began removing parchment deeds after Premier Wayne Goss took government in the early 1990’s. In October 2019, under the Land, Explosives and Other Legislation Amendment Act, all Queensland property Title Deeds were changed into electronic form and placed under the control of three private companies – Purcell Partners Pty Ltd (PEXA), Sympli Australia Pty Ltd and Property Exchange Australia (PEXA).
Your titles have been handed to these corporations and you no longer own any land. If the LNP or the ALP achieve power again at the next election you will definitely own nothing and finally be unhappy.
h ttps://cairnsnews.org/2022/04/09/honing-in-on-the-perpetrator-of-world-economic-destruction/
Join Len Harris’ campaign to reverse the theft and destruction of Queensland paper property titles
In October 2019, under the Land, Explosives and Other Legislation Amendment Act, all Queensland property Title Deeds were changed into electronic form and placed under the control of three private companies – Purcell Partners Pty Ltd (PEXA), Sympli Australia Pty Ltd and Property Exchange Australia (PEXA).
One of the companies, Property Exchange Australia (PEXA), is in the throes of capitalizing on the control of those Title Deeds by either becoming a public company and issuing $1.8 billion worth of shares or in selling outright for $3.8 billion.
h ttps://cairnsnews.org/2021/07/10/join-len-harris-campaign-to-reverse-the-theft-and-destruction-of-queensland-paper-property-titles/
Dandy made some wise and carefully considered observations, including – “… We know intrinsically that if this Corporate Government of Australia really wanted to help Australians get into their own freehold homes they could…”
Indeed, quite the opposite.
Checked your Land Titles lately, folks? Whoops! You can’t, because every Australian state and territory “government” has unilaterally annulled and destroyed all those land titles, with neither your consultation nor your consent nor for the most part with anyone even realising that they did it.
And this without the consultation or consent of the Queen or the King, it would seem – and let’s be frank, there is no “Queen of Australia” FFS, there never was and there never will be.
Now the verity of any allegation that you “own” your land rests with the arbitrary discretion of some unelected tin-pot beauracrat sitting on his or her fat arse managing an unsecured and freely modifiable spreadsheet somewhere in a rabbit-warren of fake coporate “government” offices.
Surprise! Still feeling secure sitting there on “your” land, folks?
Of course we could just go back to a constitutional monetary system, backed by gold, and cancel the private ‘Federal Reserve’ advisory body governed by the Reserve Bank of America and have no ursury at all.
No ‘usury’ interest rates payable on any mortgages.
No Banksters pretending to care by dropping an interest rate crumb, as set by them and as negotiated by puppet Politicians singing to the same song sheet but in the wrong key.
So we dream on that working Australians could just merely borrow from a public Government Bank and pay back what they borrowed without any interest owing at all.
Imagine how much quicker our motivated hardworking young people could achieve their goals.
Surely that would be an election winner.
Yet somehow we seem to ignore the interest payable on a mortgage elephant in the room that serves no purpose but to profit the private Banksters.
And their shareholders.
Mort = to signify death. An appropriate name to call a mortgage.
We know intrinsically that if this Corporate Government of Australia really wanted to help Australians get into their own freehold homes they could.
If they wanted to.
But they wont, because it would probably get someone killed.
We have seen the coincidence of history by Countries and their leaders who tried to resist/remove Reserve Bank tentacles having a hold in their banking systems.
Those leaders are now ‘mort’.
International Banksters like their business model and they plan to keep it that way.
So nothing will change.
Inflation however, is “a persistent increase in the level of consumer prices or a persistent decline in the purchasing power of money”
On that basis, inflation hasn’t seen anything yet.
Interest rates on mortgages are actually a bit of a distraction. Why are consumer prices going up? Why is our purchasing power going down?
Meanwhile ‘zero carbon’ endeavours are nothing more than a controlled demolition of common sense.
It will temporarily profit certain Corporations, and their shareholders (again).
All we can hope is that this latest fad doesn’t go on for too long.
templar1066 said – “… We now have clown Dutton condemning Trump over his justified criticism of Mr. Zelensky…”
Is anyone noticing a pattern yet, folks?
It’s getting kind of obvious, been going for over 50 years now.
We don’t own our own country, folks, and we have not one iota of influence over anything. We have zero say in anything to do with the management of our country. The regular passage of “laws” diametrically opposed and overtly hostile to the interests of the Australian people with no consultation or consent, and frequently without even our knowledge, should make that clear enough.
AnAL has done his bit, just like Snuff Scotty and every other sold-out anti-Australian Treasonous worthless mass-murdering baby-eating piece of shit before him.
Now AnAL is all ready and excited to get his Thirty Pieces of Silver and tag-team out to the next specially curated, nurtured and selected obedient Globalist sycophant, Lurch.
Lurch is coming, folks. Not a thing we can do about it. Sucks to be us.
We now have clown Dutton condemning Trump over his justified criticism of Mr. Zelensky, whose Constitutional role as President expired in May 2024. Albo, Rudd and now Dutton have stupidly crossed Trump’s red line. Their history of anti-Trump comments and now an attack on his Ukraine policy does not bode well. Trump wants to end the Ukraine/Russia conflict, but they want it to continue resulting in thousands of more unnecessary deaths naively believing that Ukraine can win. Not a good start for what will become even frostier US/Australian relations.
Those living on the remnants of Super are not so happy as all those apparently joyful recipients of the .25% reduction. Totally unconvincing.
I perceive ‘our’ PM as weak, obedient & self satisfied. He’ll never convince me.
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Just picture 5 or so shitcans from way in the past era, all sitting accepting shitting from Australia’s revered leaders…all happening regularly in the ugly Parliament building meetings room in Canberra ACT.
Then picture a D.O. G.E. Trump type Party that is employing a high pressure cleaner and disinfector to clease all the bullshit out of every Australian Parliament, and going back through the records of the past to clean up the damage of the past and present, and REMOVE ALL THE CONTAMINATORS once and for all.
Roll on election….let’s get it right this time and FLUSH OUT ALL THE SHIT parties…Labour Greens Teals Liberal Nationals and their bureaucratic backside supports.
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Remember the car industry gone the steel and the aluminium industry on life support not much left.
The article quotes Ms Markson – “… Serious economists and former RBA officials have criticised the decision, which could worsen inflation and the cost of living crisis…”
…although pissing around with interest rates does nothing whatsoever to correct the underlying cause of the so-called “cost of living crisis”, a crisis which has been deliberately and malevolently and ruthlessly manufactured by our sold-out Treasonous fake coporate “politicians” in faithful obedience to the psychopathic script handed to them by their Globalist masters at the WEF.
A crisis precipitated by the deliberate premeditated destruction and collapse of Australian energy, industry and society in general, now well underway and which, even if halted right now, will take generations for future Australians to eventually repair to anything like its former enviable state.
But of course, that’s just not going to happen. If anything, the genocidal Globalist juggernaut is poised to accelerate here in Australia.
Because Lurch is coming, folks, Lurch is coming and there’s not a damn thing you can do about it.
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