kidmercury

ultimately it is all about purchasing power. measure hte value of almost anything in terms of gold, then measure it in terms of US dollars, and chart this for the past 10 years. anyway you slice it, if you had your money sitting in low yield dollar denominated debt, you lost purchasing power over the past ten years. if you had it in gold, you gained purchasing power.

the debt problems are creeping up in australia too. all fiat currencies are exposed to the whims of politicians who manage them, which is why politicians love them so much. it's also why most of the world lives in poverty.

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