Australia’s Economy is getting SMASHED

NOTE: The wrong link went in at 7:44 this is the correct source: https://www.theguardian.com/australia-news/2024/sep/23/greens-rba-reform-albanese-government-interest-rates#:~:text=The%20cost%20to,have%20been%20overruled.

I'm in sunny P P P P P PPERTH next week with my live show:
Get your tickets: https://www.friendlyjordies.com/live-show

REVIEW PESTO THE PENGUIN or your not a fully sick stooge

The real issue is we need qualified people in all levels of government not just these lawyer degree leaders🤦🏻🤦🏻
Replace and put only qualified people can be on the rba etc reforms

But as if that would ever pass

Mention immigration asap brother

LOL 😂😂😂 movie 🎥 🍿 choices 🤣

People really believe enforcing section 11 will save them? Really? 😂
Central planning is what got us into this mess.
More central planning the answer? Yeah right.

As always – brilliant reporting. Exposing the constant mismanagement and often corruption of our government.

Interest rates are not high.
If anything they’re marginally below “normal”.

Am I the only person who is bothered by the insane levels of unsustainable household debt that everyone seems to normalise?

HOW IS DE COUPLING FROM CHINESE MONEY WORKING OUT MATEY? YOU HATED CHINESE CONSTRUCTION COMPANY, RIDICULING THEM FOR BUILDING APARTMENTS. THIS IS A CRISIS OF YOUR OWN MAKING

THis guys is a Labor stooge. Keep supporting both majors and we gonna go lower

Going to get alot harder once Oil starts surging soon.

its all very depressing, time to go play cod

australia will do any means to float the housing market, as its their one trick pony. If australias housing market has a 30% draw down im getting my popcorn.

Hey Jordo, Now split the stat of % going to corporate profits between Companies of more than 20 workers

Australian decline: That's what you get when you have an economy where the majority of investment go into non productive enterprises and cafes being among the biggest industries driving growth.

In combination with rising corruption, we're fucked.

Hey Moistcritical (Charlie) talked about staying indoors and streaming during the hurricane tomorrow. All the news channels litterally say to leave DO NOT stay indoors. Its the biggest storm on earth now! If somehow mudahar or someone else can get in touch with him and tell him to leave it would be much appreciated.

Interest rates in the 90’s were up around 18% so I don’t know why people are complaining, it could always be worse.

6:45 as a Tasmanian idk who this random mf is

No discussion of the gouging by big business causing causing the inflation.

And when are we getting our next warhammer related vid?

You’d think they’d learn after being too late and too slow re raising interest rates

The govt (ie: the people we elected) already has the power to direct the RBA how to lend money, what sectors to support etc. But they choose not to – and the current govt wants to water down the existing powers of the elected lot (parliament) to tell the unelected lot (RBA) what to do. We don't need reform as much as pollies that actually act for the majority of citizens.
Rate drops? What is that going to fix? People borrowing too much? Housing prices too high? nah, none of the above.

Too much gov spending and blow outs. Inflation is caused by government, now imagine they have control of interest rates. Australia would become Venezuela. They're just not responsible.

See you tomorrow night at the Rosemount – maybe, maybe not with the beard….

Just get rid of Labor forever

Good to see you back.

No easy way to get out of the housing bubble we are in. Record levels of migration didnt start this ponzi but has kept it going longer than it would have. Our leaders have sold this countries future out.

Man i don't know shy i like you im a American in Oklahoman in the middle of know where but i love Australian content from explosions&fire, garbage time. i did a think and you

I'm not sure who your jokes are for, but I feel like I'm too young to get them

I guess dont care much for australian politics but i keep watching for some reason…

Ah its all the greens fault again

Who knew Jordan would pull an AOC and attack the Greens?

I am sure this video would have been more funny if I had seen eurotrip 🙁

Sorry Jordie, but you missed the mark with this one

Good sir, I will remind you that Australia's most famous billionaire conman is and will remain The Son Of A Bitch Rupert Murdoch.

Are you forgetting we were late to rise our rate and our inflation has remained stickier than my other similar countries? Giving the government any influence over the RBA could be a catastrophe, policy would be set based on getting votes not controlling inflation. If they had it their way they would have a few cuts before the next election to gain votes regardless of sound economic policy. Labor have been at odds with the fight against inflation actively giving out subsidies and as you said, extra government spending.

GDP growth is only positive because of immigration. That's why our GDP per capita has fallen for the last 5 quarters…our GDP is actually falling or close to it. It is the only time this has occurred since records were kept in 1973. GDP per capita is a far better indication of living standards than just movements in GDP.

World banks rose faster than us in the correct amount, we didn’t and were too slow to raise hence we aren’t cutting yet

Jordie, go deeper bro. Shit runs so much deeper than partisan politics.

Usually on point mate, but totally missed the board on this one. RBA is only doing what’s legislated under their mandate of both inflation and unemployment. Current inflation is still tracking high once you remove labor’s sugar hits to power bills and rent assistance.

The real problem lies with the feb refusing to take any action at all on inflation. Ie logical levels of immigration, energy sector reforms like a gas reserve and tax base reforms. RBA isn’t the issue the fed are just scape goating.

im glad our way of fixing inflation is to fill the banks pockets. such a good way to fix it , tax us more or something that's going to go back into improving the county.