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RBA leaves Australian Cash Rate on Hold at 2.5% 

6/30/2014

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RBA press release

Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent.

Growth in the global economy is continuing at a moderate pace, helped by firmer conditions in the advanced countries. China's growth slowed a little earlier in the year but remains generally in line with policymakers' objectives. Commodity prices in historical terms remain high, but some of those important to Australia have declined.

Financial conditions overall remain very accommodative. Long-term interest rates and risk spreads remain low. Emerging market economies are once again receiving capital inflows. Volatility in many financial prices is currently unusually low. Markets appear to be attaching a very low probability to any rise in global interest rates over the period ahead.

In Australia, recent data indicate somewhat firmer growth around the turn of the year, but this resulted mainly from very strong increases in resource exports as new capacity came on stream; smaller increases in such exports are likely in coming quarters. Moderate growth has been occurring in consumer demand. A strong expansion in housing construction is now under way. At the same time, resources sector investment spending is starting to decline significantly. Signs of improvement in investment intentions in some other sectors are emerging, but these plans remain tentative as firms wait for more evidence of improved conditions before committing to significant expansion. Public spending is scheduled to be subdued. Overall, the Bank still expects growth to be a little below trend over the year ahead.

There has been some improvement in indicators for the labour market in recent months, but it will probably be some time yet before unemployment declines consistently. Growth in wages has declined noticeably. If these and other domestic costs remain contained, inflation should remain consistent with the target over the next one to two years, even with lower levels of the exchange rate.

Monetary policy remains accommodative. Interest rates are very low and for some borrowers have edged lower over recent months. Savers continue to look for higher returns in response to low rates on safe instruments. Credit growth has picked up a little, including most recently to businesses. Dwelling prices have increased significantly over the past year, though there have been some signs of a moderation in the pace of increase recently. The exchange rate remains high by historical standards, particularly given the declines in key commodity prices, and hence is offering less assistance than it might in achieving balanced growth in the economy.

Looking ahead, continued accommodative monetary policy should provide support to demand and help growth to strengthen over time. Inflation is expected to be consistent with the 2–3 per cent target over the next two years.

In the Board's judgement, monetary policy is appropriately configured to foster sustainable growth in demand and inflation outcomes consistent with the target. On present indications, the most prudent course is likely to be a period of stability in interest rates.

They really should get an app to do these releases

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Robert Bowker - We Need to See ISIS as a Long-Term Player 

6/30/2014

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July 1 (Bloomberg) –- Former Australia Ambassador to Egypt, Syria, Jordan and Saudi Arabia Robert Bowker discusses the crisis in Iraq and ISIS declaring itself an Islamic Caliphate with Rishaad Salamat on Bloomberg Television’s “On The Move.”
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Gold Can Hit $1,330 In Blink Of An Eye 

6/30/2014

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From Kitco NEWS
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Ask The Expert - John Williams 

6/30/2014

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From Sprott Money
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Chris Martenson interviewed on USA Watch Dog 

6/30/2014

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From Greg Hunter

Greg Hunter of usawatchdog.com interviews Chris Martenson on his new accelerated crash course (available here) and current geopolitical and energy risks.
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Boom Bust - Jim Rickards talks Financial Warfare 

6/29/2014

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From Boom Bust
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Russell Brand talks revolution with Max & Stacy 

6/29/2014

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From RT

Published on Jun 28, 2014

In this episode of the Keiser Report, Max Keiser and Stacy Herbert are joined in the first half by Russell Brand to talk about the austerity headlines. They chat about the UK government's expanding debt and growing deficit, despite the alleged austerity and GDP expanding thanks to heroin addiction and prostitution. Russell learns about the water cannons bought for use against anti-austerity protests which the government itself will stoke. Finally, they talk about the people revolting as they must do when the social contract has been broken: and crypto currencies are one of the most visible revolts. In the second half, Max interviews Russell Brand further about his independent media outlet - The Trews; they discuss revolution and spiritual journeys.

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Claudio Grass - All the Governments Are Trying to Get Away From Cash 

6/29/2014

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From The Daily Coin.org
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Rick Rule: Pernicious Deterioration in the Dollar Will Drive People to Gold & Silver 

6/28/2014

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From SilverDoctors
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Keiser Report - More Tickie than Shirtie 

6/26/2014

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From RT

Published on Jun 26, 2014

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss American corporations fleeing the USA for lower tax, higher wage areas abroad - like Ireland and the UK. They discuss the one single ton of aluminum that could be the collateral for tens of millions of pounds worth of properties and passports in the UK. When the banks go to collect on the collateral, all they will find is a pair of crickets in the corner. In the second half, Max interviews Ronnie Moas of PhilanthropyAndPhilosophy.com about blacklisting and boycotting 'bad' companies.

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