Australian Citizens Party
LNP Senator Gerard Rennick grilling the Reserve Bank of Australia in the 10 November 2022 Senate Estimates hearing of the Senate Economics Committee.
Rennick’s questioning contrasts the cheap money offered to the banks in an environment of increasing interest rates that are constraining demand, with the better, anti-inflationary policy of increasing supply to curb inflation through cheap credit directed into productivity-increasing economic programs including infrastructure building.
Question. If the RBA is capable of lending out at point 1% (0.1%), why is Victoria borrowing from the Chinese?
👆 – FIND YOURSELF A HOT GIRL HERE ❤😘u💋
This is nothing but theft from the people by the banks via their control over Govt.
So they could have given the money directly to the borrowers and avoided the thieves in the middle
@Robbie Barwick, Another reason we need a people’s bank
Wouldn't this be better on the evening news than wokism
He is a weapon!
NEO con vs Neo con. Inflation in the 1st place will always be the problem not B.S ways to fix it. Too late once we have inflation either tax the rich or STFU!
An LNP member actually holding the banks to account? I guess I've seen it all now, well done to Mr Rennick
The #International #CriminalCorpratocry that is masquerading as our de jur government, continues to rob of us, the people, of our Common Wealth.
We work build produce and create for society and get the short end of the stick.
They shuffle a bit of paper and make a 3000 percent profit or something like that as the that parasitical twerp said.
I'd love to smash that useless parasite into the next century.
Be gone with them.
We need a peoples bank now!!!
Go for growth lDP.Dump the yanks.
End the RBA.
End the FED
Thank you for these shorts. They are easy to share to those who wouldn't be viewing the social media channels that regularly cover these topics.
There are only 2 Senators in the Qld LNP worthy of a vote. That's Mr Rennick and Matt Canavan, the rest are Globalist Filth!
Vote below the line in the Senate and reward only the good Senators not the rest of the Filth.
Subsiding the banks! Who have indebted Australians with their reckless lending practices which have more than quadrupled house prices over the past 2 decades, and allowed them to collect vast sums of interest, probably over multiple generations.
Mr Rennick seems to be explaining how MMT should work by increasing productivity and capacity thereby negating inflation,rather than just printing for more debt.
The RBA is not ours’ it needs to be pissed of back from where it came from
Such an important issue that gets no airing in the media. Gerard seems to be the only politician that is genuinely and regularly acting in favour of the public at large.
Our criminal corrupted Government is bleeding us dry
What a mess.
Destroy supply chains during the "pandemic" which causes a lack of goods then pump up the currency supply through MMT…Now I'm no genius but my god if that combination dosen't push up prices of everything i don't know what would.
"Rising prices are a consequence of expanding the money supply" Murray Rothbard.
Inflation the hidden tax.
#thecreaturefromjekyllisland
Another puppet show.
This makes me sick to my stomach
I would hate to be a politician or someone who pushed this vaccine , eventually people will see through this garbage . It will come to the point where the condemned have no fear !!!
this so called reserve bank is not a govt bank it is privately owned & run by a consortium of the major banks. the govt & the reserve are in bed together & the govt does nothing to alleviate the suffering of people but instead permits the banks to profit greatly regardless. this con has been in place for decades. best of my knowledge since the 1920's.
This is a bigger scam than all the internet scams put together. Why am I not surprised. No wonder the banks called for a Royal commission before Labor got in.
RBA ,laughing liars, who don’t give a flying fvck about the Aussie taxpayer. They deserve a pay rise so they keep in front of inflation they have caused.🤮
You make too much sense. Albo get on board. This is the answer
So they want free money to keep the status quo. We have to live with more scarcity instead of building more infrastructure to decrease scarcity. These bankers need to be stopped and cleared out.
The rats are being exposed for the criminals that they are..we fund our banks to allow them to loan to us with a margin! Then they profit from us?
Work that one out . .
Banks trouser $200 billion @ .1% . People who in good faith invested and spent to aid in COVID recovery now pay another 2.7% more than promised by RBA. Beginning of the end is now.
Bravo for asking incisive questions, Sen Gerard Rennick and for noting what the banking mafia hides and wants us to ignore: getting rich with taxpayers money Kudos to the Austrailan Citizen's Party for working on a proposal for our National infrastructure Bank!
Bernie Madoff would be proud of this little scheme!!
Al Capone would have loved to have all these low life's working for him!
We're living in A den of thieves……& it's contagious.
Michele needs a full time job at the bakery!
Despite the economic downturn,I'm so happy . I have been earning $60,200 returns from my $7,000 investment every 13days.
good question Rennick. bring on a Post Office Bank
One correction, the biggest global economic impact is not "because of the Ukraine war", it is from the West's economic sanctions on Russia. They are two very different things, one of them we have control over!
Great questions and suggestions. Seems we have a good senator working for us. I hope he goes a long way. Thanks Gerard Rennick and thanks again Citizens Party.
There’s a good reason why we are not building dams and increasing base load power in this country, the agenda is to not advance this nation but to tear it down.
Private Central Banks are the most evil institutions in the world.
"…it is a subsidy, it was intended to be…"
Tax payers subsidizing bankers profit??????
Seems odd….