I speculated in this piece that Albanese's "China rapprochement" was critical to reducing Australia's national inflation, and would reverse, or pause the RBA's cash rate increases. Sure enough, less than two months later, correlating perfectly with the restoration of normal bilateral trade agreements between Australia and China: "Inflation eases in November to near two year low."
The reasons given for the reduction in inflation in this news.com article (see link below) are disingenuous - the only true marker for the reduction in our national inflation was a resumption and normalisation of the two-way trade between Australia and China that was worth $267 billion across seven of our major export industries. This was achieved by Albanese's October visit to Beijing.
The twelve cash rate increases to "combat inflation" by the RBA were nothing other than systematic theft of our collective wealth, and they truly achieved naught, other than inducing financial anxiety and stealing from the everyday Australian. Our inflation woes were pinned to the sanctioned trade between Australia and China. When sanctions are placed on a nation, they are intended as a punitive measure that will degrade the economy, increase the cost-of-living and lower living standards. China achieved this. Australia's living standards have dropped faster then any other developed nation, and we are currently overwhelmed by a cost-of-living crisis. Again, the sanctions that China placed on Australian exports (worth $267 billion) were directly responsible for this impact. A reversal, should effect a reverse, as we are now seeing. My contention in my article was that Albanese defied the Anglo-Deep State by restoring Australia's relationship with China to salvage our economy; I also opined that such defiance was countered (with an unambiguous warning to Albanese issued) by a number of acts of nationwide sabotage that occurred in the immediate days that followed.
Very interesting.
I speculated in this piece that Albanese's "China rapprochement" was critical to reducing Australia's national inflation, and would reverse, or pause the RBA's cash rate increases. Sure enough, less than two months later, correlating perfectly with the restoration of normal bilateral trade agreements between Australia and China: "Inflation eases in November to near two year low."
The reasons given for the reduction in inflation in this news.com article (see link below) are disingenuous - the only true marker for the reduction in our national inflation was a resumption and normalisation of the two-way trade between Australia and China that was worth $267 billion across seven of our major export industries. This was achieved by Albanese's October visit to Beijing.
The twelve cash rate increases to "combat inflation" by the RBA were nothing other than systematic theft of our collective wealth, and they truly achieved naught, other than inducing financial anxiety and stealing from the everyday Australian. Our inflation woes were pinned to the sanctioned trade between Australia and China. When sanctions are placed on a nation, they are intended as a punitive measure that will degrade the economy, increase the cost-of-living and lower living standards. China achieved this. Australia's living standards have dropped faster then any other developed nation, and we are currently overwhelmed by a cost-of-living crisis. Again, the sanctions that China placed on Australian exports (worth $267 billion) were directly responsible for this impact. A reversal, should effect a reverse, as we are now seeing. My contention in my article was that Albanese defied the Anglo-Deep State by restoring Australia's relationship with China to salvage our economy; I also opined that such defiance was countered (with an unambiguous warning to Albanese issued) by a number of acts of nationwide sabotage that occurred in the immediate days that followed.
https://www.news.com.au/finance/economy/interest-rates/inflation-eases-in-november-to-near-twoyear-low/news-story/bc0bfcb5a62af786324337fd0f699851