Saturday, May 21, 2016

Empire Files: Abby Martin Exposes What Hillary Clinton Really Represents

From teleSUR English

Published on Apr 17, 2016

Digging deep into Hillary's connections to Wall Street, Abby Martin reveals how the Clinton's multi-million-dollar political machine operates.

This episode chronicles the Clinton's rise to power in the 90s on a right-wing agenda, the Clinton Foundation's revolving door with Gulf state monarchies, corporations and the world's biggest financial institutions, and the establishment of the hyper-aggressive "Hillary Doctrine" while Secretary of State. Learn the essential facts about the great danger she poses, and why she's the US Empire's choice for its next CEO.

Friday, May 20, 2016

Weekend Chillout - Georgia on My Mind

To anyone in Sydney who wants to see Frances Madden and her amazing band perform live or to buy their studio album please go here for details.

Wednesday, May 18, 2016

Central Bankers’ Wisdom Faulted as Gold Holdings Surge 25%

Boom Bust - Doug Casey on expatriating, US inflation at 3-year highs

Dave Kranzler - Silver Remains the Cheapest Investment on Earth

Keiser Report - The End Game

Published on May 12, 2016

Check Keiser Report website for more:

In this episode of the Keiser Report Max and Stacy discuss 'the end game' as central banks run out of bullets just in time for the debt apocalypse. In the second half Max interviews Professor Steve Keen (@ProfSteveKeen) about Donald Trump's plans to default on US debt.

Sunday, May 15, 2016

Weekend Chillout - Sound of Silence

Congrats to Australia's Dami Im in coming second in the Eurovision song contest. Defiantly the best song of the night even if it didn't get the most votes.

Sunday, May 8, 2016

Weekend Chillout - Somewhere Over the Rainbow

To all my follower who celebrate Mothers Day today. Happy Mothers Day!

To anyone in Sydney who wants to see Frances Madden and her amazing band perform live or to buy their studio album go here for details.

John Williams - Dollar will Blow Up and Collapse

Tuesday, May 3, 2016

RBA Cuts Cash Rate to 1.75%

Media Release Statement by Glenn Stevens, Governor:

Monetary Policy Decision

Number 2016-10
Date 3 May 2016

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.75 per cent, effective 4 May 2016. This follows information showing inflationary pressures are lower than expected.

The global economy is continuing to grow, though at a slightly lower pace than earlier expected, with forecasts having been revised down a little further recently. While several advanced economies have recorded improved conditions over the past year, conditions have become more difficult for a number of emerging market economies. China's growth rate moderated further in the first part of the year, though recent actions by Chinese policymakers are supporting the near-term outlook.

Commodity prices have firmed noticeably from recent lows, but this follows very substantial declines over the past couple of years. Australia's terms of trade remain much lower than they had been in recent years.

Sentiment in financial markets has improved, after a period of heightened volatility early in the year. However, uncertainty about the global economic outlook and policy settings among the major jurisdictions continues. Funding costs for high-quality borrowers remain very low and, globally, monetary policy remains remarkably accommodative.

In Australia, the available information suggests that the economy is continuing to rebalance following the mining investment boom. GDP growth picked up over 2015, particularly in the second half of the year, and the labour market improved. Indications are that growth is continuing in 2016, though probably at a more moderate pace. Labour market indicators have been more mixed of late.

Inflation has been quite low for some time and recent data were unexpectedly low. While the quarterly data contain some temporary factors, these results, together with ongoing very subdued growth in labour costs and very low cost pressures elsewhere in the world, point to a lower outlook for inflation than previously forecast.

Monetary policy has been accommodative for quite some time. Low interest rates have been supporting demand and the lower exchange rate overall has helped the traded sector. Credit growth to households continues at a moderate pace, while that to businesses has picked up over the past year or so. These factors are all assisting the economy to make the necessary economic adjustments, though an appreciating exchange rate could complicate this.

In reaching today's decision, the Board took careful note of developments in the housing market, where indications are that the effects of supervisory measures are strengthening lending standards and that price pressures have tended to abate. At present, the potential risks of lower interest rates in this area are less than they were a year ago.

Taking all these considerations into account, the Board judged that prospects for sustainable growth in the economy, with inflation returning to target over time, would be improved by easing monetary policy at this meeting.


Media and Communications
Secretary's Department
Reserve Bank of Australia

Phone: +61 2 9551 9720
Fax: +61 2 9551 8033

Sunday, May 1, 2016