A SOLUTION TO THE MORTGAGE CRISIS: It is inevitable that the Reserve Bank of Australia will continue to increase the cash rate with the strategy of bringing millions to the precipice of mortgage default — begging not to be pushed over the edge
by Stephen Reason
It may be reasonably speculated that the tactic of incrementally increasing the cash rate to inflict ever more pressure on the borrower is akin to a financial “lockdown” — psychologically priming, and eventually coercing the future acceptance of a pre-contrived solution.
Might such a solution have already been foreshadowed by the Albanese Government’s trial scheme in which eligible first homebuyers were able to purchase their property by literally going halves with the Federal Government?
Will such an offer be mercifully extended to all suffering mortgagees who are now faced with the prospect of losing their homes? Will the financially dazed and bamboozled accept the offer, allowing the government to take on fifty per cent of their burden, to halve (temporarily) their tremendous repayments… might they beg for this after a period of protracted pain?
…and then a seventy five percent, and then a total takeover as the RBA coordinates with the government to further wring the wealth from the people —where they will eventually owe nothing, but ultimately own nothing as well: pitiful peasants at the mercy of the whip of their Technocratic Feudal Lords?
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Hi, I previously volunteered to assist at the polling station. But I had a fall over the weekend which, though I believe is not serious, leaves me a bit unsteady on the feet at times, and I will be aged 90 in June. So I don’t think I should be the person in charge at the polling station. However, if able, perhaps I can occasionally put in an appearance at the polling booth and assist with handing out voting cards, and assist in other ways. If well enough I’ll try and stay as long as possible – hopefully all day – if I take along a campers folding chair. I can certainly do letter box drops in my immediate area where there are several apartment buildings.
Hi Brian, thank you. Your commitment, courage and determination should shame millions of Australians.
Comment from Dick Yardley…
Reserve Bank of Australia
When we wake up that the Dollar (vs Pounds) is counterfeit to Our Primary Law, Commonwealth of Australia Constitution Act 1901 as Proclaimed and Gazetted. Fraud in any contract voids the contract.