Australia đŠđș is set to change how interest rates are set with a new âexternal monetary policy boardâ.
Havenât had a chance to read much in to this yet but on its face, it sounds even worse than what we have now. Any #AUStriches got further info?
Sounds from what I caught on abc today - more layers of out of touch bureaucracy to fuck with the money
I haven't come across any info on who appoints the board and what sort of checks and balances will be in place, but you have to assume this is not being done to fix anything but to enable a more sophisticated form of grift.
There is nothing specific in the report from my skimming: https://rbareview.gov.au/sites/rbareview.gov.au/files/2023-04/rbareview-report.pdf
Basically says âdiversityâ over and over, my god these people are absolute fukn commies.
Watch them put Sally McManus in to one of these seats. Theyâve been running this angle for a while: https://www.actu.org.au/actu-media/media-releases/2022/actu-calls-for-rba-overhaul
Yeah - get Sally in there, along with Stan Grant and Catherine McGregor.
Seems like the main purpose is in the last paragraph:
the Treasury Secretary is on the board to âprovide an independent economic perspectiveâ which is able to âchallenge the view of the RBA executiveâ
Following⊠sounds like they want to move the decision on interest rate rises to the gov?? Doesnât sound very ânon-partisanâ. Not sure though, havenât looked into itâŠNothing would surprise me in this country thoughâŠ
Yea pretty much. I posted the report in a followup if you want to read it, the word âbipartisanâ appears 10 times so forget ânon-partisanâ, this appears to be the parasite class consolidating power.
