The RBA which pumped $500 Billion of Covid stimmies which they were surprised went into the #HousingPonzi is projecting it will take until 2036 - 22 years - for real wages to rebound to 2019 pre-Covid levels.
With the lowest productivity in the Western world (pic 2), and the electricity grid being destroyed to soothe the minds of retarded cultists whilst Billionaires line their pockets with renewables subsidies, Australians are being told Bitcoin has no place in the economy and are expected to just put up with this colossal failure.
Read the writing on the wall - People are going to struggle for a generation for absolutely nothing, and those at the helm will continue to make things worse just to ensure things don’t blow up on their watch.
quoting note13cv…5pfyGovernor of the RBA which handed out $500 Billion in stimulus during Covid which inadvertently pumped the #HousingPonzi speaks on Bitcoin:
“I don’t understand it,” she said. “But, you know, I don’t really see a role for it in, certainly in the Australian economy or payments system.”
Well good to know what the Head of the Parasite thinks! People who don’t understand Bitcoin and who accidentally made houses unaffordable for a gigantic empty country are always the best people to listen to on all things economics..
https://www.smh.com.au/politics/federal/it-s-not-money-bitcoin-has-no-role-in-the-australian-economy-says-bullock-20241114-p5kqhp.html note1979…d2rt