Categories
Economy Property

Low Interest Rates On the way to negative

#InterestRates #RBA #NegativeInterestRates Are low interest rates here to stay or simply part of the journey towards negative interest rates? References Record low interest rates are here to stay, and may even sink lower, economists predict https://www.abc.net.au/news/2019-08-27/interest-rates-predicted-to-stay-low-economists/11450918?section=business

Categories
Cash Ban

ABC Discusses Negative Interest Rates

#CashBan #IMF #NegativeInterestRates It’s good to see that the ABC is beginning to report and discuss the prospect of negative interest rates, with reference to IMF research. References Banning cash so you pay the bank to hold your money is what the IMF wants https://www.abc.net.au/news/2019-08-26/cash-ban-so-you-pay-the-bank-to-hold-your-money-what-imf-wants/11443646

Categories
Economy

Reporting Australia’s $10,000 Cash Ban

#CashBan #Australia #Money The ABC and SBS are finally reporting about the proposed cash transaction ban, 8 day’s after the due date for submissions to the treasury. What is the point? References Currency (Restrictions on the Use of Cash) Bill 2019 https://www.treasury.gov.au/consultation/c2019-t395788 Paying more than $10,000 in cash could make you a criminal under proposed […]

Categories
Economy

Australia’s Unemployment Rate is set to Rise

#Unemployment #Recession #Economy Market Economists are predicting Australia’s Unemployment rate will rise late this week. That would seem to align with the recent news about the retail recession that is underway. References Wage and unemployment numbers set to pressure RBA to cut interest rates again https://www.abc.net.au/news/2019-08-11/interest-rates-under-pressure-again-from-wage-jobs-figures/11398864?section=business Roy Morgan Employment Estimates (1999-2019) https://www.roymorgan.com/morganpoll/unemployment/estimates-detailed

Categories
Economy

Make your submission – Australia’s Cash $10000 Ban

#CashLimit #AusPOL #$10,000 The Australian government is proposing to limit cash transaction to $10,000 or less to reduce the black market, make sure you get your submission to Treasury before the deadline on the 12 August 2019. References John Adam’s – https://www.adamseconomics.com/post/cash-transaction-ban-consultation-submission-john-adams?fbclid=IwAR0bwG9IHoyRHoy4KaTklKjQ6QyNS2VNbD9cAlmRaF_LgRIxm_RmX6lBff0 My Submission – https://says.heise.com.au/contacting-the-house-of-reps-about-the-restrictions-on-the-use-of-cash/ Treasury – https://www.treasury.gov.au/consultation/c2019-t395788

Categories
Economy

Fractional Reserve Banking

#Banking #Finance #FractionalReserveBanking Let’s look at the concept of Fractional Reserve Banking before we look at the even scarier Capital Regulations for banking in Australia. References Fractional Reserve Banking https://www.investopedia.com/terms/f/fractionalreservebanking.asp

Categories
Economy

Negative Interest Rates

#NegativeInterestRates #Recession #Australia The prospect of Deeply Negative Interest Rates is becoming a reality with a highly cashless society. Let’s re-look at a recent IMF blog post about this issue to help raise awareness of every Monetarist dream. References Currency (Restrictions on the Use of Cash) Bill 2019 https://www.treasury.gov.au/consultation/c2019-t395788 SIT Black Money Report: Here are […]

Categories
AUSPol Economy

Contacting the House of Reps about the Restrictions on the Use of Cash

#AusPOL #HouseofReps #CashLimit What better way to spend a Sunday night than to try and contact every member of the House of Representatives informing them of my concerns with the Draft Currency (Restrictions on the Use of Cash) Bill 2019. Watch and join in as well, let’s flood them with concern so they all pay […]

Categories
Economy

Australia’s Planned $10,000 Cash Spending Limit

#CashLimit #AusPOL #$10,000 The Australian government is proposing to limit cash transaction to $10,000 or less to reduce the black market. Let’s look at an overview of their proposal an then the potential implications with regards to negative interest rates and recent IMF research. References Currency (Restrictions on the Use of Cash) Bill 2019 https://www.treasury.gov.au/consultation/c2019-t395788 […]