however if you knew the truth about inflation....thats its been running at over 15% pa or more....its been a con job on all of us... and that the dollar has been devalued by over 97% since 1966 how would you feel about it then...
here are the links http://business.theage.com.au/business/pensioners-ripped-off-20081020-54d5.html?page=fullpage#contentSwap2
[edit] Value of the Australian dollar In 1966, when the Australian dollar was introduced, the International gold standard was still in operation. The dollar was at that time worth 980 mg of gold. As of February 2008 the dollar was worth 30 mg of gold.[3]
The highest value of the Australian dollar in the first two decades after it was floated was 96.68 US cents on 18 March 1984 [4]. The Australian dollar returned to 98 US cents in July 2008[5], and subsequently rose to a new post-float high of 98.49 US cents on 15 July 2008[6]. The lowest value of the Australian dollar after it was floated was 47.75 US cents in April 2001[7
