rba

This morning we’re still awaiting the first directive from the Supreme Population Tsar. Until such a directive arrives we suggest you procreate, live or die at your own risk. Just be warned that it could be made illegal to die if your death puts in endanger the grand population strategy.

Maybe they’ll call it a Five-Year Plan. Once you’re on the path of socialism you may as well go the whole way, comrades.

UK Prime Minister Gordon Brown has called a general election. Unless we’re mistaken, it’ll be the first-post stimulus election for an incumbent leader of a major economy – Obama’s election doesn’t count as Dubbya was prevented from contesting a third election.

As for the UK election. We’re not sure it matters who wins, whether it’s Labour, the Tories, or a hung parliament. As far as we can see, it’ll be the same muck just a different spreader.

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The social engineers are in full flight. Now Australia has a Population Minister. We prefer to label it the “Population Sinister”, or even the “Population Tsar.” Of course, this isn’t the first time politicians have tried to manipulate the make-up of the population.

The most recent before this is probably ex-Treasurer Peter Costello’s 3-Child policy. We don’t care to recall exactly what it was, something about “having one for the country.” Or something like that. We do recall mainstream journalists thinking the joke was hilarious at the time.

But the sad thing is, all this focus on trying to control the population is just more grist to the mill that confirms Western nations – including Australia – are heading head first towards totalitarian Socialism.

It wasn’t so long ago that the Chinese were lambasted and even ridiculed for their one-child policy. “It’s not natural to restrict family sizes” was the general theme of those arguing against the policy.

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In today’s Money Morning we’ll give the Reserve Bank of Australia (RBA) a major serve. But before that, it’s appropriate to let you know about Jarrod and Seb’s next protest at the RBA.

Jarrod says they will be out the front of the RBA building at Martin Place in Sydney this Friday between 8am and 10am.

So, if you fancy going along to give them some support, feel free to do so, and let us know how you go by sending an email to moneymorning@moneymorning.com.au.

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You can read the official press release from yesterday’s Reserve Bank of Australia (RBA) board meeting here.

In a couple of weeks the RBA will release the full minutes of the meeting. If the official version is anything like the previous versions it will mention international economic conditions, domestic economic conditions, financial markets, and considerations for monetary policy… Blah, blah, blah.

Of course the unofficial version goes something like this: [pump, pump, pump...]

For all the bluff and bluster about wanting to return interest rates to “normal” levels, there’s absolutely no doubt that the RBA lost its bottle.

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