Mangled Thoughts

Ian McFarlaine is to report to Sneate committee today. The ALP, apparently, are eager to interrogate Ian over why, in the face of “the Oz economy slowing down”, is the RBA contemplating raising interest rates . My view is, we are heading into recession, thanks to govts, and, the RBA, and it will be severe in Victoria, rather in the order of the `1980’s and early 90’s depression, and it was a depression in Victoria, thanks to the Cain and Kirner State Govts., and the compounding general recession imposed by Hawke and Keating, and the RBA.

Why should the RBA, in serving govt. set any rate at all, it is chicken gut oracular stuff. What is needed is a return to hard money and not under govt. diktat, and markets will then price interest rates to what is the origin and driver of rates, in the absence of all consuming govt. and central banks, production of tradeable goods, and thus the differences between the present value of consumption and the future value of deffered consumption in favour of savings and so production to produce future. And govt. expenditure, every cent of it is consumption, it is a black and criminal lie of each tier of govt. that they make cpaital investments, no they don’t. They are enslaving future generations to their own greedy, grasping, malevolent self-indulgence, and that of their armies of professional mendicants who earn not a cracker, they are kept men and women, they produce nothing at all.

Ian will not, of course, be asked not the right questions in the Senate, because none of the parties in Federale Canberra Land have no incentive to do so, their motivation is to continue consuming and increase the consumption of govt and fuck the economy, and sod all those who have to face the consequences of their life of crime, ably abetted by the RBA and Ian McFarlaine.