Financial System

Make no mistake, the financial system is unravelling. Much of it is out of your control, but there is hope.

The drawn out Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry uncovered many issues within our financial system in Australia. Ongoing issues regarding conflicts of interest, predatory behaviour and exploitative practices of professionals within our financial system have demonstrated the intricacies of the system itself.

Meanwhile, record low interest rates have pushed many Australian retirees reliant on interest for income to seek out higher-returning, riskier investments. This has helped to drive up asset prices, but has also built more risk into the financial system.

Here at Money Morning, we can help to show you how to take back control of your own wealth and investments from the financial system.

Understanding the inner-workings of our financial system could help you build your wealth, and protect yourself in the event of an economic downturn internationally or at home.

We don’t claim to have all the answers here at Money Morning, but we will always try to let you know which factors are likely to affect your wealth the most. And provide you with informed suggestions as to which investments could best shelter and grow your wealth in these turbulent times.

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Banks and Interest Rates

Changes to interest rates creates a ripple effect through our financial system, affecting each of us in different ways. What does a rise in interest…

Australian Banks

The GFC threw a lot of banks around the world into turmoil, but in Australia the banks escaped relatively unscathed. That’s due to Australia’s comparative…

Reserve Bank of Australia

Here, you’ll find the latest news and updates regarding the Reserve Bank of Australia (RBA) — the central bank of Australia — wholly owned by…

The US Federal Reserve

The Federal Reserve, often simply referred to as ‘the Fed’, is the central bank of the United States. Its self-described goal is to provide Americans…

Currency Market

Currency markets are over-the-counter currency exchanges that perform conversions around the world between different national currencies and help determine the comparative values of the currencies.…

Australian Dollar

While on your family vacation in the US, you treat the family to dinner at a fabulous restaurant. You pay the US$100, and the next…

Chinese Yuan

Latest Chinese Currency News The Chinese Yuan (also known as renminbi or RMB) was first issued by the Chinese Community Party’s (CCP) People’s Bank of…

Euro

The euro is the official currency of 19 of the 27 member states of the European Union. It is the second-largest reserve currency and second-most…

Japanese Yen

Japanese Yen (JPY) is the national currency in Japan. You’ll often see the yen symbol written as the capital letter Y with two dashes, like…

Debt and Credit

It is no secret that Australia has some of the highest levels of debt in the world. Household debt has risen steadily…it is now 400%…

Free Markets

The term 'free market' is often used to describe an economic system based on laissez-faire capitalism. The French term 'laissez-faire' (literally translating to “let [it/them]…

Inflation and Deflation

As an investor, it’s vital to keep note of how the economy is faring when it comes to the purchasing power of the dollar, and…

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