If You’re An Ordinary Australian It’s All Your Fault

Don't you love it when people do damage to others and there's no accountability? 

For some time, I have mentioned that our economic leaders, such as the head of the Reserve Bank of Australia, had been keeping interest rates ridiculously low. In a frantic effort to stymie inflation, there have been 11 interest rises in the past 12 months, and indeed more are coming.

RBA delivers 'massive' interest rate hit to millions of Australians already struggling with overwhelming cost pressures

In November and December 2020, Dr Philip Lowe, Reserve Bank Governor, said, "The Board is not expecting to increase the cash rate for at least three years". He was only off by a year. The statement was utterly false. Take a look at the following chart:

So in just over a year, mortgage interest rates have virtually tripled! That is an almost 300% increase. Yet Dr Lowe, PhD, sees fit to keep spiking the interest rates and telling the average Australian that "we have to reduce the 7% inflation". Really? Has that man in a suit ever run a business? His policy contributes to inflation because most people's most significant expense is a home.

Also, the 7% inflation rate affects many discretionary items. You can eat out less or cut out buying that new phone this year. When it comes to paying the bank mortgage, you have few options. 

We now have a situation where housing prices are through the roof in the capital cities, rents are at record levels, and there is scarcity on both fronts. So people are hit with a double whammy because the average mortgage is so much higher. With the rapid jump in interest rates, something has to break. One of two things will happen. We will have a massive recession, or people will start to bail out of their homes with sky-high mortgage defaults.

To add further insult to injury, the government is pushing on with this climate nonsense which entails increasing costs. Who cops that? That's right, the average worker. The folks living in the elite suburbs of Sydney never have to worry; many of them paid mid to high six-figure sums, if not millions.

But wait, that's not all.

Australia on track for 2023 migration boom as arrivals dwarf Treasury forecasts, ex-official says

So where are you going to house all these migrants? It just puts more pressure on the housing crisis, driving prices up even further. Isn't it interesting whenever Labor governments come into power, things deteriorate economically. The same goes for the Democrats in the U.S. These left-wing governments spend and spend with no accountability. Instead of these incompetent bureaucrats losing their jobs, they stay in power with ultimate cushy retirement packages.

We live in an age of no accountability. We see this with Covid. People were forced to take the vaccines or lose their jobs; some choice. Then a significant number died and suffered injury from these toxic products, and the attitude is ho-hum. We know from numerous studies that they are unsafe, and the authorities could care less. Instead of prosecutions and, in some cases, prison time, we see more of the same. "Get your safe and effective Covid booster".

The criminality extended beyond just the vaccines and not just in Australia. As journalist Stella Paul recently stated, 

"Someday, if America is saved, there may be a museum to memorialize the Covid dead. There will be a wing for those killed by the disease who died at home after being refused early treatment. There will be a wing for those who died of the vaccine and another for those who died from the lockdowns. And, surely, one wing will be dedicated to those who died in hospitals due to deadly protocols."

On the Covid front in Australia, there is a small glimmer of hope with the initiation of a lawsuit by Dr Melissa McCann, one brave general practitioner. The class action lawsuit represents 500 vaccine-injured Australians.

Undoubtedly, this will take years. At least there is some hope of redress for this injustice. However, it's more of the same when it comes to the financial hit that Australians are suffering. You see, it's your fault, and you have to pay the price. That's the implication.