The real reasons why Australia's interest rates are rising

[@danielahn7102]

Thank you so much for this video!

[@mrsymonds]

You're very welcome!

[@mrme3717]

The cause of the rising cost of living (inaccurately labelled inflation) is excessive fiat currency creation. Our world has 3 fundamental practices that are problematic. If we dont understand the root causes of a problem we will address the symptoms or the actors, not the causes. The 1st is that large private and Central banks have obtained the Exclusive franchise to create ALL new Currency as Debt, with interest attached. An increasing population needs an increasing currency, but it is all created as a debt bearing interest. This indebts the whole world, every person, every government, in totally unpayable debts, enslaving us all to bankers through personal debt or ever increasing excessive taxation, surcharges, permits, licences, registrations, regulations, fees, rates, duties, fines, levies, adinfinitum, of which an increasing volume goes straight to the debt creators, who created it for free. (At zero cost to themselves.) 2nd. Virtually no limitation plus fractional banking allows banks to create massive new Currency, blowing massive bubbles (housing/stocks) which devalues everyone's savings and work by raising all prices. The fix ? Stop all banks and financial institutions loaning out more than they have on deposit. Return legal currency creation to national treasury departments with a zero Inflation policy. This will not create inflation like some bankers/economists would like to have you think. It is not WHO creates currency that drives the constant devaluation of your money & work, it is THE VOLUME per population and productivity. The banks increased the base currency supply by over 45 % since March 2020. This is further multiplied by fractional banking. You can't spend it off planet, and we've had no increase in population or productivity. How can it not devalue our savings, wages and retirement funds by around 50% as it enters the economy ? 3rd. Fiat currency whether paper or digital has no intrinsic value, thus it cannot be used as a long term store of value, particularly in an ever expanding fiat system. The fix ? Return to constitutional Silver, Gold, Copper & Nickle currency, designated by weight not cents/dollars. These will find their own local value. These can't be printed to oblivion, have intrinsic value, and are a safeguard against selfish human nature. Continue to keep the manufacture of Gold & Silver rounds by private mints & foundries to help keep the government mints honest as to premiums. Correct these 3 Principles and >80 % of a nation's problems would disappear. Do not allow your masters the Debt slave creator's to tell you it can't be done. It is easily done. Beware. The WEF wants you totally enslaved with digital currency. Otherwise, prepare for destruction.

[@petersinclairphd6626]

But hasn’t modern mining practices made bullion standards obsolete? Today, the level of confidence in national economies seems to the standard. Even with the moderate issue of fiat money, Australia retains its AAA stable sovereign economic rating. Maturity transformation was not mentioned. While interest rates increase, Banks hold hundreds of billions in term deposits and commercial certificates of deposits at prior, historical interest rates, giving the Banks some buffer, but not forever. Higher interest rates likely will put pressure on mortgage repayments. Albeit, historically low interest rates might find borrowers have been making payments in advance. Another,buffer. The current situation has been latent for years. Ukraine and the Coronavirus have become disrupters only to make us face an inevitable situation. Banks tightening lending for housing over the next year or two, could see credit squeeze, rather than stagflation. Once the buffer period has expired, the could be some major challenges from 2023-24.

[@mrme3717]

@@petersinclairphd6626 Your question: Have modern mining methods made metals redundant as Money or a trusted tool of storage? My reply: if you mean the increase in volume of metals I'd say let us look at the metals versus population and productivity growth. There is no perfect system. So say we hit a huge amount of Gold or Silver tomorrow. There would be some volatility but only if it all hits the market overnight, which it can't become mines take 5 to 10 years to come on line. In conclusion, the volatility we could presume in a currency backed by Gold and Silver would be more stable than fiat currency. One thing necessary to consider is the peoples use/need for money. 1. Convenient tool of exchange. 2. Reasonably trustworthy measure of productivity. 3. Trustworthy Storage tool. 4. Tool of harvest. At real inflation rates over 10 % it doesn't meet requisite 2 and 3. If the tool doesn't work, you need to attempt to make one that is fit for purpose.