So a little bit of history. Australia has the love of property and the rising interest rates which is been about 2% is significant and will probably tank the economy if the reserve bank keeps going. most people in Australia are very convinced that the reserve bank is doing this deliberately so The review was called for and most people are watching it with intensity as they will probably lose their house and everything they own so there is a big push to have this reviewed properly.
It’s also worth noting that in Australia those who are poor will actually be more will be better off than those who are rich. The reason for this is when the interest rate rises all of the money that the rich people would’ve spent has to go on their mortgages so rather than spend it on their mortgages people are pissed off poor people are gonna be no worse or no better off I can’t put rent suck any further and they can’t reduce waste choose any further so they’re not gonna be affected.
So yeah it’s not really impartial but it’s way better than it could be. the TOR (terms of reference) and those in it are very one sided…. However the media in Aus is covering it well google is hiding it so we see…
Also worth noting Australia is the testbed for a lot of deep state and non-deep state adgendas
Will it be a real audit? The government isn't very good at investigating itself.
Govt. investigating a govt. organization?
<gasp>
How dare you assume we won't be impartial?
/s
That’s right
u/#howdareyou
So a little bit of history. Australia has the love of property and the rising interest rates which is been about 2% is significant and will probably tank the economy if the reserve bank keeps going. most people in Australia are very convinced that the reserve bank is doing this deliberately so The review was called for and most people are watching it with intensity as they will probably lose their house and everything they own so there is a big push to have this reviewed properly.
It’s also worth noting that in Australia those who are poor will actually be more will be better off than those who are rich. The reason for this is when the interest rate rises all of the money that the rich people would’ve spent has to go on their mortgages so rather than spend it on their mortgages people are pissed off poor people are gonna be no worse or no better off I can’t put rent suck any further and they can’t reduce waste choose any further so they’re not gonna be affected.
So yeah it’s not really impartial but it’s way better than it could be. the TOR (terms of reference) and those in it are very one sided…. However the media in Aus is covering it well google is hiding it so we see…
Also worth noting Australia is the testbed for a lot of deep state and non-deep state adgendas
Technically it’s not. Central banks are privately owned.
That's a valid point, but the concern is the same.