‘Sell up’: RBA Governor issues ‘ominous warning’ to homeowners amid cost of living crisis

Reserve Bank Governor Michele Bullock this week gave an ominous warning to homeowners to “sell up”, according to Sky News host Danica De Giorgio.
“In other words, things aren’t getting better - they are getting worse,” she said.
“Michele Bullock is not going to give in to Labor’s political timeline and Labor’s timeline between now and the next election to make sure the figures look in tip top shape.
“So as the party continues its reckless economic trajectory of record spending, immigration, disastrous renewable rollouts, high power prices and all the while igniting a war with the RBA - we are all once again, poorer for it.”

[@TurismoVZ]

inflation is not driven by consumers, its driven by stupid gov spending

[@RobSettatree]

Government spending and banks printing counterfeit money.

[@davidball5002]

And high immigration, which increases demand

[@Joe317-e2c]

Without government spending the economy will go to recession , Higher interest rates by RBA the main reason for higher inflation because it is pushed the rent higher and cost of doing business up , without RBA reducing the interest rates the inflation will go higher RBA is out of touch , they are academic with no experience how the real economy is managing .

[@willb4314]

⁠@@Joe317-e2c you have no idea. It is the complete opposite to your ideology. Interest rates didn’t push rents up - it is lack of supply that pushed rents up. Vacancy rates are some of the lowest they have ever been, below 1%. That is a result of demand from increasing population size aka immigration fast then houses can be built. In Victoria there is increased land tax for investors, so they are all selling their investment properties, this then creates less properties affordable housing to be rented to tenants and now creates even more shortages/less supply of rental properties. They have f’d the whole system. Government spending puts more money into the economy, then people have more money to spend so they spend it, and it creates demand inflation. Raising interest rates slows business investment/growth and also reduces home owners with mortgages disposable income which slows the economy. Its working! Maybe you should read up on some economics. You are probably a labour or greens voter cos you clearly have no idea.

[@CaptainCaveman-m6c]

Corporations set their prices which have been driving inflation, which has benefited these corporations via record profits. However they are not being blamed except for supermarkets.

[@kenb1345]

The PM is also bringing in unemployable people in their 1000s and we tax payers are Paying the bill.

[@clydesimpson1462]

Albo categorically stated all these 1.15 million migrants are qualified. He just didn't state what type of qualifications they were.

[@iamasmurf1122]

where are all the clowns that voted labour they all seem extremely quiet

[@Deano00777]

There was only 30% of them

[@suzang1213]

The clowns who voted labour and greens Don't own homes Don't have mortgages and none of them give a toss.

[@SR-pr2xz]

They likely don't speak english

[@patrickwakefield2297]

only 30 percent did, they are there by virtue of the greens. people have got to put greens last, without them, labor is nowhere.

[@eb2505]

I have noticed when things go awry with their party, they skulk away for several weeks. They really are a bunch of low IQ cowards.

[@andrewbroome7404]

It's always "mums and dads". Aussies can't afford to have kids any more. The price of mass immigration and overpriced houses

[@k.b4273]

As of 2022, China was second in the world in total number of billionaires. And second in millionaires with 6.2 million.(YOUR CHILDREN ARE COMPETING AGAINST THESE MILLIONAIRES)

[@jameslay1348]

Yup. Thank Albo.

[@lorrainelavin764]

@@k.b4273 YES CORRECT !!!

[@lorrainelavin764]

@@k.b4273 they became so rich cos they got our industrial jobs

[@victorgomes7585]

Vote One nation!

[@keithdrower9120]

No eff8ng way....shove off losers.....!

[@ThatGuy-ze5kk]

i understand the sentiment, but in reality you're just handing labor another term. there is only one way to get rid of this government, and that is to put lnp 1st!!

[@Mgjuvfoss]

@@ThatGuy-ze5kkLNP is not the solution. Two wings of the same bird.

[@ThatGuy-ze5kk]

@@Mgjuvfoss there are only two options for government, labor or liberal, like it or not you have to choose a side!

[@Mgjuvfoss]

@@ThatGuy-ze5kkBoth as useless as each other. We really are up you know what creek.

[@adittypublications4141]

She was telling the truth - The issue is due to bad economic policy

[@eb2505]

Yep. I don’t blame the RBA - it is all the government’s doing.

[@iamasmurf1122]

what she was also saying was work harder .... and spend less by consuming less ... sorry that is nonsense ... and it is typical of people in JOBS to say that drivel ... the reality is .. last few days especially i have been buying the dip on stockmarkets / crypto etc... i have made a ton on stocks and also crypto ... no information in what she stated on how to invest which is the real truth of keeping up with INFLATION if you believe that is good advice you are delusional

[@brandontr8946]

Fiscal policy

[@adittypublications4141]

@@iamasmurf1122 Investing in non-regulated assets such as Crypto are worthless. Learn to spend within your means and invest in your skills to make money

[@k.b4273]

kzbin.info/www/bejne/hHjdc6qciKuXr7s&lc=UgyXjCpsWpRgtrlIJJ14AaABAg

[@lorrainelavin764]

LABOR MUST GO ASAP

[@snellavision]

Sell up and then live where? There's no rental availability to get somewhere to live after selling your home

[@jonathanparle8429]

It was not as if she recommended it. She effectively admitted that some would be forced to sell.

[@TonyTheTruthWhisperer]

Have you seen the lovely tents they have on amazon ?

[@ricr.96]

Simple solution

[@Zilron38]

It's absolutely disgusting, people are being forced to sell and they have no where to go, house prices probably aren't going to go down either because they're just going to be bought up by wealthy immigrants.

[@batmanlives6456]

Plenty of tent space on the lawns of Parliament House… Maybe the lawns at yarralumla

[@rataylor59]

Albo makes me feel sick

[@manflynil9751]

Actually, it was the Morrison government who made the decision to pump $760b into the economy during the shamdemic which caused the inflation which caused higher asset prices and costs of living.

[@Diane-rh1br]

Who ever voted in Labour. You’re to blame for our country ending up like this.

[@timifumi46brown91]

100% .. these lefties have no idea

[@LA-fb6pw]

Yup it's the retarded voters. Seriously not everyone deserves to vote.

[@jonathanparle8429]

Same for people who preferenced Labor but they were probably too stupid to even know what they were doing.

[@nomyafiftyonefifty8081]

Or green or teals.

[@antontsau]

the same 95% who ran to be jabbed first. Idiots, we have plenty of them.

[@nomyafiftyonefifty8081]

" You will own nothing and be happy ". Can you see the pattern repeating yet or are you still blind.

[@steve.e7995]

Yes!! the END GAME ...unfolding right in front of us. Good time for people on mass to figure that out.

[@steve.e7995]

YES!! indeed playing clearly!! out...right in our faces...great time for people to figure it out, on mass.

[@whichway9526]

Government should be cutting back back spending. Defund wef un and who

[@MarinaArthurs]

You will,own nothing and be happy ,WEF plan going to plan .

[@SD._]

100 They are all on WEF Payroll.

[@Hope-bc9yg]

@@SD._ guilty of tre ason and should be punished as such

[@steve.e7995]

Perhaps its time for the growing emerging awakened global community to give the WHO, WEF, WTO, and the likes the middle..DIGIT!!

[@jtfoto1]

People never learn. Everytime Labor is in power the same thing happens. Overspending which then requires a Liberal goverment to get us out of the shit.

[@RobSettatree]

Actually liberals come up with the bad ideas and Labor supercharge it. Don't be fooled by the idea of 1 fighting for you. They are in bed together.

[@PeterMooney-mo1ut]

Very well said it makes me so embarrassed as an Australian that there are so many brain dead dip shits living in this country

[@tomr6955]

Correct. Why is it that I realised this even before I left school but no one around me did?

[@RobSettatree]

@tomr6955 because you were already awake while others are sleeping at the wheel.

[@clydesimpson1462]

Over spending and under performing. That's the Labor way.

[@Judyunknown1]

Stop this insanity and GET RID OF LABOR.!

[@17nicole38]

Here here!

[@jolla9963]

To stop this insanity we need to abolish preferential voting. PM 32% would not be in office without preferential voting. All the major parties would become insignificant without anothers vote being oassed onto them. Nowhere in oir constitution is preferential voting mentioned, one man-one vote is though.

[@17nicole38]

@@jolla9963 I’ve been saying this for yrs, that’s the only way most of these useless people keep a seat. It’s great to have 1 vote and be able to suck off the taxpayers tit and do absolutely nothing for it. Minimum amount of votes to keep a seat and scrap preferential voting.

[@dvgsun]

Liberals are not much better , you guys keep voting for red or blue and think things will get better🤣

[@hawker6935]

@@jolla9963 The constitution doesn't facilitate for "parties" or "prime ministers", but hey, since when do they work for us?

[@user-gt7jp4xk8p]

How can you stuff a country that has so many mineral resources

[@RobSettatree]

By allowing foreign ownership to come in and buy it then ship it for free while you cover the cost.

[@ma3stro681]

The rot started under Howard in 1996 and has continued since deliberately facilitated by treasonous politician$ …

[@williambeaumont7995]

It's easy allow the gas companies not to pay royalties and also not pay any tax in australia

[@RobSettatree]

@williambeaumont7995 especially when it's hard to say these resources belong to Australia. We'll mine it cheap and sell it to you at stock prices. Our government lacks a spine when standing up to America and the UN

[@sergeant5848]

Been to Papua New Guinea since 1975?

[@alibarber57]

Sell up and rent off a Chinese or Indian

[@paulp5775]

It’s seems their the only ones who can afford property

[@clydesimpson1462]

@@paulp5775 Cashed up money laundering migrants.

[@chriswilson2327]

​@paulp5775 there the only ones with work ethic. Lots of Aussies are lazy.

[@judysimpson3774]

Labor & the Greens... happily bankrupting every Australian.

[@nacymostfavoured6334]

With their woke policies, with false thinking that Australia is the only country that will sort the earth 's climate issues,if it goes green on everything .

[@GeoffMcMahon]

Thanks to Albo, The Land of Plenty is now The Land of Empty

[@ce244]

Understand that "they don't really care about us"; that means politicians and the whole establishment. Once you do, life is easier.

[@thefreeaussielad7292]

That looks to be the case. Quite a reckless and irresponsible government. They at least could give Aussies a heads up when it comes to adding an extra 5-8 percent of the population. Also went hard on immigration after losing to the no vote. If you haven’t got the numbers, import them.

[@mattcarlos8184]

Hahaha 100%

[@eromnaliuqyaj6288]

RBA cares - they might be the only chance we have of bringing down inflation.

[@floralcouture3763]

@@eromnaliuqyaj6288 What?!!..It’s the offspring of central banks!!

[@jasonrichardwatts]

@@eromnaliuqyaj6288Cool. So bread will be a bit cheaper but you'll lose your home for it.

[@julianchung9215]

What the hell is wrong with RBA! Labor and Liberal are both different sides of the same coin!!!! Vote them out!!!

[@KT-bb1tb]

So, Albozzo's Pick Michele Bullock....Isn't Working Out for Them ? What a Shame !

[@lornatodd4750]

😅good.

[@ma3stro681]

Another DEI. Never send a woemyn to do a man’s job … 🤡

[@alibarber57]

@@KT-bb1tb yes she is...doing exactly what they have ordered the govt to do Central banking system runs govts worldwide

[@destinyangel5]

"To sell their home" wrong solution governor. The correct answer is to sack Labor government .

[@PWC67]

I’d say that’s the Reserve Bank Governer saying, “Get ready, an interest rate is coming.”

[@zoolander1721]

She's already said it, i think feb next year its going up again 😂

[@tomr6955]

An interest rate.. ?

[@PWC67]

@@tomr6955 Silly me , rise of course.

[@Rocklyn277]

Australian’s are being terrorised

[@sierabravo215]

We've employed a bunch of Liars. Australian people are paying their salaries only to be sold out..... What a national disgrace on all levels.

[@uyc65cf]

Dear RBA people. When you are finished making billions of dollars in profits with the banks,........ can you please give us a rate cut, thank you.

[@Hope-bc9yg]

You're assuming they have empathy and compassion

[@johnnykkkk]

@uyc65cf the unfortunate part is the Federal government is spending it and we have to pay through interest rates increases 12 increases under these spenders 😔

[@eromnaliuqyaj6288]

They do have empathy. If they dont put downward pressure on inflation than we will turn into the next Zimbawee and our dollar will be worth nothing

[@presonuseris]

RBA: Nah, you wait long long as long as noboby pass me as better than Oscar best actress of the year.

[@albrantjes339]

all coincidentally right after they gave us so much for covid relief funding...

[@heatherstewart8452]

Issues are apparent, bring in over 1000,000 extra burden immigrants, that the tax payer works to support and house. Every cost has doubled since these idiots got to drive the bus, food, rent, houses, insurance, fuel, power.

[@user-wt8ss1ki1y]

Who was it that said "you will own nothing and you will be happy?" It doesnt matter WHO you vote for!

[@moiraravji5070]

One nation holding balance of power is our best chance of stopping the madness!

[@user-dv9ur7su2v]

Have to sell your house, Albo no doubt will help the Palestinians move in Providing financial support.

[@NgocLam-cx4mv]

A slap in the face for those whom vote for Labor. .

[@gorakhgore5725]

That’s me 😂

[@user-hs8qj2fi9y]

@@gorakhgore5725 Sucker.....

[@mikaelafox6106]

@@gorakhgore5725You didn't know how bad they were before voting?

[@gorakhgore5725]

@@mikaelafox6106 umm I sort of knew but then I thought let’s give a chance once coz last 2 terms they didn’t get a chance so yeah. But from now onwards that’s it I’m done with them.

[@scottlewisparsons9551]

@@gorakhgore5725I like your honesty.

[@davefoord1259]

Pants on fire

[@theparkup-w9m]

I hate to be political. But how can someone on a million dollar salary tell hard working people what to do. And why cant all of these highly paid people make this right, instead of asking millions to suffer?

[@8ytwo704]

Question is , does bullock own her home or is she on 0.2% interest home loan! Either way easy to dish out words if you are on Governor,s salary... what a joke these Muppets are

[@TomSteindl]

The only joke in Australia is LIEBOR and the comedians who voted for them, and the Swan was worse

[@jonathoncalabrese2035]

They have said inflation is home grown. The gov isn’t pulling its weight to help. Labor following the Wef agenda

[@tamarawest6203]

She's a Boomer so probably owns several houses outright by now.

[@JamesWilliam-f4p]

Corrupt lady😢

[@michaelswonderfulworld]

​@@JamesWilliam-f4p she's doing her job, Labor gov are overspending and driving inflation up

[@Janet-hs4wl]

Sell up really where are people who sell up going to live. Or is this the plan of live on street own nothing. WEF ?

[@stovie2712]

It’s funny cos these guys get paid shitloads and give themselves massive payrise but tell us to spend less

[@Nathaniel-g2b]

If you sell up big corporations will buy up those properties and make the situation worst, hold on and don't sell up

[@zoolander1721]

Just stay there as a squatter lol.

[@barrysmith9411]

Power and services get cut. Once you leave to go out the locks get changed. How will you survive without leaving to go get supplies?

[@zoolander1721]

@@barrysmith9411 home delivery.

[@wannabeastar174]

RBA doing the work of the WEF… ‘You will own nothing and you will be happy’…

[@KingsleyThomson-j1w]

Nice to see Wayne Swan add his advice to the economy issues,,, the absolute worst and incompetent treasurer Australia has ever had,,,,

[@peterbarnhoorn7879]

Did ppl have all these issues with bills, utilities, mortgage b4 Labor ? Noooo...😢

[@owencahill2846]

Cut what non essential spending? We are down to housing, food or power which one does the RBA want me to cut?

[@davefoord1259]

Internet and mobile phone.

[@jacobnazarian1147]

Cut down on donations to labor and the Modern Hippies( Greens)

[@owencahill2846]

@@davefoord1259 they are a business expense which is harder and harder to make money at.

[@davefoord1259]

@@owencahill2846 i dont quite understand what you mean by “they are a business expense which is harder and harder to make money at” can you re phrase that?

[@markalan1two]

if people keep voting in clowns why are they then surprised when they end up in this circus??

[@outbackwanker]

Here's an idea, sack all the Public Servants and especially Politicians!! WE WILL NOT COMPLY

[@mauriebarnes8272]

Comments from two individuals who have never tasted desperate. Who have a gold parachute not matter how bad they perform. Zero credibility.

[@loveitorleaveit6868]

Politicians have plenty of money to give other countries and they have all just received a 20% pay rise, the highest increase in a decade!

[@michaellucas4873]

Sell up and buy a tent, is that the idea?

[@gorakhgore5725]

Really regret voting for Labour

[@tunerfun1990]

All you need to do is look at there history. Liberals are the better pick of a bunch of sour grapes

[@noladroop284]

You can’t even spell it. You didn’t vote Labor

[@gorakhgore5725]

@@noladroop284 you can’t even write grammatically correct…”Vote For” you dumb

[@BarbaraMacDonald-bq1lb]

​​@@noladroop284Wow mate, you do realize that it's spelt Labour in the UK, our Australian standard labour is spelt with a u but the political party has dropped the u, so I would suggest that you do some research before making such comments, have a nice day

[@sergeant5848]

@@BarbaraMacDonald-bq1lb Huh? That was noladroop's point, wasn't it?

[@frednirks3718]

I can appreciate Michelle Bullock making the frank suggestions in advising what people might have to consider, and her reluctance to comment on Treasury policy. But I think we're all past that point now, and can accept finger pointing and blame from her, i.e against Treasury. Treasury needs to be held to account for all the taxpayers that are keeping the economy's nostrils above the waterline.

[@jonathanparle8429]

Just wait till the Government realises there is a dramatic fall in tax revenue. The Government has failed to take into account the welfare bill they are going to be facing in the future thanks to inept policies as well as the fall in tax receipts quite simply because people are now poorer and once they finish their working lives, they won't be paying any tax and instead will be on full and part pensions. That would not have been the case had Governments exercised good judgement over the last four years. I did say back in 2020 that it would literally cost this country trillions and I have absolutely no need to change my stance regarding that today.

[@lorrainelavin764]

Do you have any snake charmer jokes today

[@BronwynMurray-sc2xu]

Tell Albo, he's dreaming. Things are infinitely worse under this Labor Government. They haven't a clue. Everything- electricity, fuel, rent/interest on mortgages, groceries - costs more than ever.

[@Bob-t8l]

But oddly enough illegal drugs are the same price.

[@letmeexplain1816]

Well, he had to find the money from somewhere for his 2 new jets he's just brought for himself. Why not the taxpayers' money? He's just helped himself to it🤷‍♀️

[@remyfanggidae3277]

Unfortunatelly, from the way Albanese talked, he seemed confidence that no matter how bad things are, still many people foolish enough to vote for him

[@clydesimpson1462]

That's the Labor way. Over spending whilst under performing.

[@BronwynMurray-sc2xu]

@@Bob-t8l Oddly enough, I wouldn't know how much illegal drugs cost.

[@SamanthaJones-b9i]

Wait, the RBA are self governing!? I voted for you guys to govern the RBA, not let it loose!

[@Joe317-e2c]

The RBA governor is out of touch ,she should resign ASAP , she is destroying the livelihood of normal Australians . Higher inflation caused by RBA because higher borrowing costs effect everyone from higher mortgage to higher rent to higher business costs for loan so they push the price up to cover higher interest rates. Inflation will not go down unless RBA cut the interest rate

[@xavierterrance7145]

That’s not how inflation works interest rates restrict demand and money flows if the government keeps spending the RBA will keep holding or increase to offset this

[@ianatkins1213]

Multiple of average wages to median Sydney price virtually makes house ownership unaffordable for young people. It would take a big reduction in price or increase in wages to fix the affordability equation. We have let politicians muck this up over many terms of government.

[@antontsau]

youngsters are useless.

[@CaptainCaveman-m6c]

Plenty of lower price homes in Central Coast, out west or down south.

[@waltaylor7414]

Don’t worry about our MP’s though, they will still get their generous tax funded indexed pensions for life, Grubs the lot of them.

[@user-pp9ms7ss3o]

albo's exact words "the Reserve Bank undertake its work they do so independently of government" , if it's not under government control then it must be a private company or under foreign control, what the hell is going on with our money, who's controlling it, enough of this BS, time for answers.

[@13infbatt]

You will own nothing and be happy

[@brettmitchell5229]

If spending is too high then stop issuing visas to temp residents and sack 25,000 public servants in Canberra and another 50,000 in the State Governments.

[@richardtravers8772]

Poor old Foreskin, fancy changing the Governor of the Reserve bank to get a Lap Dog and get a Bull Dog instead.

[@lornatodd4750]

😅beautiful.

[@LukeHardop]

As a young person who cannot afford a house, I support the RBA

[@chughin]

If cost of living is the number one problem why is David only worried about youth crime

[@offclan2141]

I agree!!! STOP THESE STUPID HOUSE PRICES!!!!

[@jonathoncalabrese2035]

All planned. Just to weasel out the poor even more

[@AussieDreamChaser]

And destroy the middle class.

[@user-nn5vm9pc3y]

Blame each other and away with the fairies. We pay for this 5hit show

[@amandalee8803]

The RBA needs too be sorted out too.

[@dannypolsky1581]

Why we need so many migrants when economy is in bad shape ? This Labour Government has to go and Liberal has no answer either well only is One Nation capable to solve Our problem. Bring Pauline Hanson to the power and We will see how things goes !😊😊

[@valenrn8657]

Albo installed Michele Bullock also owns investment properties at Five Dock and Drummoyne in Sydney that are worth around $1 million each.

[@Brent-e2w]

I have been saying this for years, the amounts of minerals that have come out of the ground in this country,we should be the richest country in the universe,liveing like Dubai

[@bodhi9464]

never sell 🏡 rent it out if you need to. never sell.

[@rihe7045]

There sure are some other agendas at work.

[@ThisisstillMYROOM.]

Welcome To The Great Reset in 2030, Where You Will Own Nothing, And Be Happy.

[@Noobmaster69_bro]

May be u can name a few

[@Stretch-xd3ed]

Well VOTED Australia another successful labor government. 👍👍👍👍👍👍👍👍🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣☠☠☠☠☠☠☠☠☠☠

[@Bob-t8l]

You will own nothing and be happy.

[@brothermaynard3200]

Back in depression-era America, shanty towns of displaced and homeless people were called Hoover-villes after US president Herbert Hoover. Be prepared for the rise of the Albo-ville.

[@knight2425]

How much worse can this Labor government make things for Australians, without doubt the worst government we’ve ever had!

[@immune2PR]

I think you mean mortgagees. Rates need to go up to stop inflation that is what is hurting everyone even primary home owners.

[@antontsau]

rates cant stop inflation while our beloved govt in its infinite wisdom wastes money by billions, they do not stop this. Rates can only prevent total collapse, redistributing this wasting to everybody.

[@lighteningrod36]

Read the numbers , only govt is spending

[@theodociocozanitis5437]

We need change the voting system. First past the post gets into government. Last election labor did not get majority votes needed greens votes to win power

[@immune2PR]

@@theodociocozanitis5437 public servants should be disqualified from voting as well as long term welfare bludgers

[@briancoombe3533]

Charming. Delightful lady who is to be admired. Also, I wrote this as KZbin doesn't like free speech. Labor are amazing 😅😅😅

[@johncervoni1115]

Rba and albo are a joke

[@ACDZ123]

Sell up? Ha ha you'll own nothing and be happy ..and you thought Klaus was joking

[@babayaga489]

Oh god I can’t stand this bollox!

[@ericzhou3716]

I am pretty sure I won't vote labour at next election. Bye bye, that's enough

[@sergeant5848]

Considering Labour isn't running in the Australian elections, that would be correct. However, please DO NOT vote Labor. They are detestable.

[@xxking80537]

You know they are lying and clueless whenever they say “making sure”.

[@letmeexplain1816]

Alboo, is looking very old and tired lately, I hope his conscience is pricking him at night so he can't sleep.

[@lornatodd4750]

Not conscience he's worried about losing power.

[@clydesimpson1462]

He's worried about his wedding, if he'll get stood up.

[@ES-ys4mx]

Its not the government spending. Corporate reform is needed imediately.

[@tanyamiller6275]

Our gdp is only been propped up by immigration otherwise we would be in a recession

[@Jetchisel]

INFLATION MUST BE CONTAINED !!!!!!

[@davidpearn4344]

Yep thats always been there plan just like there doing in the states and guess whoes buying Blackrock and Vangaurd surprise surprise 😵‍💫

[@actualfacts1055]

I know the RBA should put interest rates down and then blame Labor for high inflation.

[@user-xy9hg1ir9e]

Get rid of Albo and the reserve bank

[@andrewcheshire244]

I'd like to know why we, the people of Australia, let a private entity, completely unaccountable, unelected, dictate all of our financial system. It's a gargantuan scam so big that nobody sees. Like people can't see the ocean because they're underwater. This fact never ceases to amaze me, just how stupid human being are and how little we actually know about the most important aspect of our lives that determines and certainly influences, everything.

[@actualfacts1055]

Jim Chalmers better sack Bullock too, blaming Lowe didn't work, maybe he should sack himself or blame Albanese.

[@philipguacci6452]

Oh God, is it 1972 again! I remember the ad campaign for the Whitlam labour govt. "It's Time". By 1975 ,Australia was broke and Malcolm Fraser came in. Labor lite? God, nothing is better in 2024.

[@clydesimpson1462]

At least we don't have to use a phone box.

[@brianvoigt8894]

WEF words. " you will own nothing and be happy" the cost of living situation is engineered. Wake up everyone

[@JL-hz5li]

Fun fact: Chalmers just reformed the RBA and fired the former Governor for…doing exactly what he was mandated to do, but Chalmers needed a fall guy.

[@phillipm764]

Well done Labor voters.

[@PlumbBob-FGX]

Ive tried to warn you already, Jim Chalmers. For your own personal safety. Don't tell the RBA and Michelle Bullock how to do their Job.

[@HappyAussieIntrovert690]

Remember Labor in the 90's recession when we had homes at 18% interest ..Unemployment was very high and inflation was at 11% ..People were losing their homes and businesses everywhere ..a lot of people knocked on doors looking for any sort of work I mean anything....The government did not care and kept hiking interest rates.. Most of us back then also had a second job to try and keep our homes. It was a Brutal time...Young People of today have no idea how hard it can be when the government crashes the economy .. It was a really hard tough time ..taught most of us great Survival Skills to survive on very very little..and to always keep a safe cash backup.. ...Disgusting, Disgusting government we have now, as long as they have their perks and pension payouts.. THEY DO NOT CARE ABOUT THE AUSTRALIAN PEOPLE..VOTE PAULINE HANSON ..seems to be the only person that gives a shit and cares about what happens to this country and its people..

[@AussieDreamChaser]

Exactly

[@clydesimpson1462]

I second that.

[@RioGadde]

AUSTRALIA NEEDS A REAL FIRM RECESSION HONESTLY! ALL PROPERTIES ARE VERY TERRIBLY OVERPRICED OR OVER VALUED!! HOUSE PRICES MUST MUST GO DOWN!!!

[@actualfacts1055]

Interest rates are not our responsibility, we just wack up inflation and then blame the RBA for high interest rates to try to bring inflation back down again.

[@kaynine31]

GOVT ARE THE BIGGEST SPENDERS AND ARE TOP HEAVY AND ARE THE BIGGEST SPENDERS.

[@questioneverythingalways820]

Don’t. Stop paying taxes and use cash. Resist before they enslave you.

[@actualfacts1055]

Labor is running out of people to blame, how about themselves for a change.