australian bank deposits, page-50

  1. 345 Posts.
    You do not understand the differance between a moneterized and a fiat money system.
    So i will explain a fiat system has no backing to the money were a monetierized has gold and silver .
    The reserve bank can not print any more money than they have silver or gold in the vaultunder a moneterized system.
    The fiat system they can print money until the printing press brakes down , this money has no intensic value to it and as they add money at a rate of 14% to this countrys money system the dollar buys you less and less each year.
    For example when i was young 40 years ago i could buy a packet of fish and chips for 6 pence today the same thing will cost around $10 so the purchasing power of the dollar you earn has gone down 90%.
    We are now in the final stagers of losing the buying power of the dollars you earn , we have to go back to a gold / silver system to stop inflation.
    That is the reason why you now need two wagers a week just to get throw the bills and every day living.
    The money supply has increased by 1000 % since the early 1960
    Regards Dennis
 
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