ERROL PARKER | Editor-at-large | Contact
Reserve Bank Governor Phillip Lowe has sensationally lashed mortgage holders this morning in a firey, expletive-laden rant to leading bank executives in Sydney.
During the so-called speech, Mr Lowe pointed out exactly who was in his crosshairs after months of heavy criticism for going back on his promise not to raise interest rates until 2024.
Interest rates how now risen three times this year, which has placed added strain on already stretched household budgets.
But don’t expect the Reserve Bank to care, said Mr Lowe.
“Now you tell me who won I see them, they run,” laughed Mr Lowe.
“They don’t wanna see us. Whole Labor Party clique dressin’ up tryna be us. How the fuck they gonna be the mob? When we always on our job? We millionaires,”
“Uppin’ rates ain’t fair, but somebody gotta do it. Oh yeah, Jim Chalmers, you wanna fuck with us? You little young-ass motherfuckers. Don’t one of you motherfuckas got a PhD or somethin’? You’re fuckin’ with me, Jimbo. You fuck around and have a recession or a market crash. You better back the fuck up before you get smacked the fuck up,”
“This is how we do it in Martin Place. Any of you motherfuckers from Sussex Street that wanna bring it, bring it! But we ain’t singin’, we bringin’ bedlam. Fuck you and Gough Whitlam!”
“We gon’ crush all you motherfuckers! Now when I came out I told you it was just about mortgage holders. Then everybody had to open their mouth with a motherfuckin’ opinion. Well, this is how we gonna do this: fuck mortgage holders! Fuck Quiet Australians! Fuck the construction industry as a Setka racket label, and as a motherfuckin’ crew! And if you wanna be down with Adam Bandt, then fuck you too! Recent homebuyers, fuck you too!”
“All you motherfuckers, fuck you too! (Take money, take money) All of y’all motherfuckers, fuck you, go broke slow!”
“Motherfucker, my interest rates make sho’ all y’all kids don’t grow! You motherfuckers can’t be us or see us. We motherfuckin’ bankers ’til we die! Out here in Martin Place, cunt, we warned ya we’ll bomb on you motherfuckers! We do our job! You think you mob?
“Cunt, we the motherfuckin’ mob! Ain’t nothin’ but bankers. And the real bankers, all you motherfuckers feel us. Our shit goes ten, twenny bags. You cunts laugh ’cause our staff got guns under they motherfuckas belts. You know how it is: when we drop records, they felt. You wagecucks can’t feel it, we the realest,”
“Fuck ’em, we Australian Dream killas!”
Mr Lowe then sat back down in the front row and waited for backslaps.
More to come.