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I recently asked Treasury why they don’t reintroduce capital controls to stop house prices from over inflating. As I’ve pointed out many times before, when Paul Keating abolished capital controls in 1985 house prices more than doubled relative to income. This has resulted in Australia having the second highest...

13,388 просмотров • 1 год назад •via X (Twitter)

Комментарии: 10

Фото профиля Noble Gold Investments
Noble Gold Investments3 лет назад

Protect your money now! Two US banks collapsed, billions trapped. Invest in gold, a retirement hedge outside of the government's control.

Фото профиля OzPollies
OzPollies1 год назад

If the Government controlled what it spent and managed Immigration responsibly would we need to be having the discussion about Gov Market Control?

Фото профиля Chuck Stone
Chuck Stone1 год назад

Senator, the people with extensive property portfolios and who are profiting from those changes since 1985, think that those changes have served them well, so they don't see any reason to change them.

Фото профиля SneakyBadger
SneakyBadger1 год назад

In other words: "I cannot answer honestly without exposing the con."

Фото профиля Patrick~Danneskjold
Patrick~Danneskjold1 год назад

Go back to sound money and abolish the fiat system. Also get rid of planning laws that constrict supply to the market.

Фото профиля Madeleine Love
Madeleine Love1 год назад

Institute a law for politicians to have no more than two residential properties.

Фото профиля Meredith isme
Meredith isme1 год назад

Keating is a monster but all Labor politicians have seriously damaged us

Фото профиля Yung Curmudgeon
Yung Curmudgeon1 год назад

Hmmm Mr Senator, seems the same tiny hat wearing globalist disciples are behind this collapse of the Australian dream too..

Фото профиля bitcoin surfer
bitcoin surfer1 год назад

Bitcoin strategic reserve

Фото профиля TSFCOZ
TSFCOZ1 год назад

Is it built upon fake fiat fraud currency? Then it will all come tumbling down. 🤣🤣🤣

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People are drowning in debt “Australia’s retirement system has been based on the presumption that the overwhelming majority of people would own their homes outright upon retirement. However, due to declining homeownership rates, Australians buying homes later, and carrying larger mortgages into retirement, that assumption is clearly crumbling. Westpac notes that people over the age of 40 accounted for around 20% of mortgage loans issued to first-home buyers in 2025. As a result of people purchasing later and taking out larger mortgages, Loan Market Group has found that 40% of respondents do not expect to have paid off their mortgages by the time they retire. This analysis aligns with warnings from the Super Members Council of Australia, which estimated that more than 40% of Australians will retire with mortgage debt, up from 16% two decades ago.” ••••••••••••••••••••••••• People First has been the only party talking about the fact that 40% of people who retiree haven’t paid off their mortgage. This figure is based from ABS numbers now five years old so the figures are probably worse. These people end up cashing out their super and going on the pension this wasting billions on Superannuation fees for nothing. No other party wants to tackle our financial system except People First. We will: • Reintroduce capital controls to stop house inflation • Bring back a public bank • Start an Infrastructure Bank • Bring back a Government Insurance Office • Allow young people to keep their superannuation so they can buy a house • Cut immigration It’s time to put the Australian People First.

Gerard Rennick

13,494 просмотров • 4 месяцев назад

I've expressed grave concerns that we are signing our young Australians up to be "debt slaves" to the big banks. It’s one thing to offer a "leg up" onto the property ladder, but it’s another thing entirely to push them into a lifetime of unmanageable debt. During my questioning of Housing Australia, I pointed out a massive flaw in how they report their success. The department "brags" about a low default rate, only 11 claims out of 250,000, yet admit that they stop tracking borrowers the second they refinance or exit the scheme. Families under the most financial stress that are forced to refinance or leave, vanish from the government's data. We’re essentially flying blind, ignoring the very people who might be "going backwards." I’ve said it before on the Senate floor, and I’ll say it again: this scheme is a facade. Pumping more low-deposit buyers into a market where there aren't enough houses to go around, the government is just upping the price of entry-level homes. This completely ignores the root of the problem - supply, caused by mass immigration. We’re watching house prices increase and the very people this was meant for, the younger Aussies, can’t even afford the 'starter' homes. I’m not going to let this rest. We need to see the real numbers, not just the cherry-picked stats that make the government look good. Australians deserve to know if their "dream home" is actually a debt trap.

Malcolm Roberts 🇦🇺

11,440 просмотров • 7 месяцев назад

Unsurprisingly Labor has rolled out the fear campaign around keeping your wages. Never tried to get between the Labor Party and their rivers of gold from superannuation. No one does fear like the Labor party so if you’re going to threaten their grifting you need to come prepared. One Nation have left themselves wide open to Labor’s fear campaign by not having a clear policy alternative to compulsory superannuation. Labor are claiming house prices will rise if people can access their super. Whilst this may be a possibly it doesn’t have to occur if the right guardrails are put in. The easiest way to solve this issue is by lifting the minimum deposit required to buy a house. By doing this home buyers will end up with greater equity rather than more debt. Currently people can buy a house with a 5% deposit, meaning you only need $50,000 to buy a million dollar house. If the minimum deposit was increased to 10% you would need $100,000 to buy the same house. The increased equity can come from superannuation rather than taking on more debt. Minimum deposits used to be a lot higher to stop people from over leveraging into housing. Unfortunately lending standards were relaxed which has resulted in many people being unable to pay off their mortgage by the time they are retired. This of course ensured the working class stay entrapped to never ending mortgage payments. People First intends to slowly increase the minimum deposit required for a loan once superannuation becomes voluntary to stop people from borrowing too much money. The upside to this is that by keeping all of your wage including superannuation you will be able to save for the deposit much quicker, ensuring you have greater equity in your home and less debt to tie you down over your working career. If you want a political party that understands monetary policy and can use that to empower you and your family financially then please sign up at today.

Gerard Rennick

16,137 просмотров • 22 дней назад