Australian Politics Forum - RBA cuts rates

Bobby.

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Re: RBA cuts rates
Reply #30 - Feb 19^th, 2025 at 3:13pm

freediver wrote on Feb 19^th, 2025 at 3:05pm:

Quote:

I know that money printing caused hyperinflation
in the Weimar Republic in Germany and in Zimbabwe.

So you know 1 thing. I'll concede that you are not wrong on the one thing you know. But it is still just one thing Bobby. You know what to do if you want to actually understand this, rather than just regurgitating every ignorant opinion you stumble across on the internet.

Yeah you told me -

get an introductory macroeconomics textbook

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freediver Gold Member Offline www.ozpolitic.com Posts: 49554 At my desk.	Re: RBA cuts rates Reply #31 - Feb 19^th, 2025 at 3:20pm You're a fast learner Bobby.
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Bobby.

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Re: RBA cuts rates
Reply #32 - Feb 19^th, 2025 at 3:27pm

freediver wrote on Feb 19^th, 2025 at 3:20pm:

You're a fast learner Bobby.

But is it possible that I'm right -

you know - like the boy who says the emperor has no clothes?

When the Reserve Bank Governor was being asked questions for half an hour yesterday on TV -
not one reporter asked her about all the money printing -
the quantitative easing that the RBA has done and how that may have affected inflation.

Am I the only person in Australia who can see that -
like that little boy who sees the emperor?

I feel alone.

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freediver Gold Member Offline www.ozpolitic.com Posts: 49554 At my desk.	Re: RBA cuts rates Reply #33 - Feb 19^th, 2025 at 4:28pm Just to clarify Bobby, you have to actually read it.
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Bobby. Gold Member Online Australian Politics Posts: 107412 Melbourne Gender:	Re: RBA cuts rates Reply #34 - Feb 19^th, 2025 at 8:15pm freediver wrote on Feb 19^th, 2025 at 4:28pm: Just to clarify Bobby, you have to actually read it. Does reading dozens of articles on the web and watching dozens of videos on YouTube about the fractional banking system count?
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Baronvonrort Gold Member Online Australian Politics Posts: 18925 Gender:	Re: RBA cuts rates Reply #35 - Feb 19^th, 2025 at 10:45pm Interest rates have gone up 12 times under labor who now claim they're doing a good job with 1 rate cut.
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Grappler Deep State Feller Gold Member Offline Australian Politics Posts: 85590 Always was always will be HOME Gender:	Re: RBA cuts rates Reply #36 - Feb 20^th, 2025 at 12:45am Here we go with the market crashing upwards again.....
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freediver Gold Member Offline www.ozpolitic.com Posts: 49554 At my desk.	Re: RBA cuts rates Reply #37 - Feb 20^th, 2025 at 10:09am Bobby. wrote on Feb 19^th, 2025 at 8:15pm: freediver wrote on Feb 19^th, 2025 at 4:28pm: Just to clarify Bobby, you have to actually read it. Does reading dozens of articles on the web and watching dozens of videos on YouTube about the fractional banking system count? No.
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Gnads Gold Member Offline Australian Politics Posts: 30182 Gender:	Re: RBA cuts rates Reply #38 - Feb 20^th, 2025 at 10:35am After 12 rises - a .25% cut from 4.35% to 4.10% is SFA.
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freediver Gold Member Offline www.ozpolitic.com Posts: 49554 At my desk.	Re: RBA cuts rates Reply #39 - Feb 20^th, 2025 at 10:41am It's a lot if a big chunk of your income is going into your mortgage. Plus, there are probably a few more to come.
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Captain Nemo Gold Member Offline Australian Politics Posts: 10984 Melbourne Gender:	Re: RBA cuts rates Reply #40 - Feb 26^th, 2025 at 10:53am January Core Inflation a bit higher than expected. Core inflation, the trimmed mean, recorded a surprise rise to 2.8 per cent – still within the RBA's target range but higher than the 2.6 per cent economists had expected.
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Bobby.

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Re: RBA cuts rates
Reply #41 - Feb 27^th, 2025 at 9:37pm

freediver wrote on Feb 20^th, 2025 at 10:09am:

Bobby. wrote on Feb 19^th, 2025 at 8:15pm:

freediver wrote on Feb 19^th, 2025 at 4:28pm:

Just to clarify Bobby, you have to actually read it.

Does reading dozens of articles on the web and watching dozens of videos on YouTube about
the fractional banking system count? Undecided

No.

I'm an amateur economist.

We are $1.2 trillion in Federal debt

http://australiandebtclock.com.au/

The problem is that money needed for hospitals and schools etc
is used to pay down interest and then the Govt borrows more to
make up the difference they need so we are in a never ending debt spiral.
The Govt spends more than they receive so they put up taxes or
bracket creep helps them too.
It's my understanding that the extra money is created by the Govt
issuing Govt Bonds and the RBA printing money to pay for them.
That causes high inflation and robs the savings of people
who have money in the bank.

Also – people who have money in the bank get charged tax on the interest they made
but no allowance is made for inflation -
so they can actually lose buying power and pay taxes on a non-existent profit.

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Captain Nemo Gold Member Offline Australian Politics Posts: 10984 Melbourne Gender:	Re: RBA cuts rates Reply #42 - Feb 27^th, 2025 at 9:54pm Gnads wrote on Feb 20^th, 2025 at 10:35am: After 12 rises - a .25% cut from 4.35% to 4.10% is SFA. Too bad if you have Private Health Insurance too. Today's increase is a nasty whack.
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Bobby.

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Re: RBA cuts rates
Reply #43 - Feb 27^th, 2025 at 10:10pm

Captain Nemo wrote on Feb 27^th, 2025 at 9:54pm:

Gnads wrote on Feb 20^th, 2025 at 10:35am:

After 12 rises - a .25% cut from 4.35% to 4.10% is SFA.

Too bad if you have Private Health Insurance too. Today's increase is a nasty whack.

Yes 3.7% increase.

yes – inflation – the cause of all our problems.
Can anyone tell me why the RBA doesn't just refuse to keep printing money?
Seems to me that the RBA caused it.

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SerialBrain9 Gold Member Offline Australian Politics Posts: 2719	Re: RBA cuts rates Reply #44 - Feb 28^th, 2025 at 7:43pm Goodbye Interest Rate Savings 😔 Labor’s Mark Butler has approved an increase in Private Health insurance premiums that’s larger than the saving from the recent interest rates cut
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