stacksatsio on Nostr: Governor of the RBA which handed out $500 Billion in stimulus during Covid which ...

Governor 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

quoting note1979…d2rt

The RBA is getting around to reviewing Covid stimulus and has concerns that the nearly $500 Billion dollarydoos they printed out of thin air as stimulus may have inadvertently gone into #AUStriches housing market and pumped up house prices.

Australia truly is a nation of absolute muppets.

https://archive.is/EHzX7