Ahead of our live Q&A next Tuesday with Queensland Senator Gerard Rennick, here is an extract from a recent Senate session, where he discusses a range of policy issues with the RBA.
https://www.gerardrennick.com.au/
We will look at the RBA, Central Banks, the economy, QE, and home prices and consider how to get the real economy going.
We plan to pick up these policy issues on Tuesday – link to the live show is here:
You can ask question live, or via the DFA blog beforehand.
Go to the Walk The World Universe at https://walktheworld.com.au/
Sen Rennick
There’s much talk about national debt and nothing of credit. Apart from foreign debt, who are the creditors owed our national debt? Aust is one of most foreign owned economies. We produce 300 tonnes of gold a year. Who gets the gold and the earnings from our gold?
Sen Rennick
The RBA will lead us to ruin.
Why is the RBA unaccountable to Parliament?
Why are unelected officials running the economy? The original CBA supported infrastructure and production. RBA does not . Do we need an RBA and a Treasury? Did not the RBA request housing be removed from the CPI? Does not QE in fact REMOVE credit from the economy? Are you aware of Dr Richard Werner’s work on CBs buying up bad bank debt, and using lending guidance to super charge economies , not asset bubbles? Are you aware of Citizen Party’s proposal to establish an Infrastucture Bank?