Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD gold futures

0.51%

$1,391.7

Debasement is the Mother of Inflation, page-121

First 121 Last

Share
Profile

Follow
Kimu

3,090 Posts.

159

21/09/23

08:48

Post #: 69949329
Share

Originally posted by Rleonars: ↑

Inflation is defined as the expansion of the money supply (ie. Central banks printing money & governments handing out stimulus).

Increasing prices (which is actually the decreasing value of the fiat dollar) is the effect of inflation (increasing the money supply). We just see it as rising costs of food and fuel, but in reality, it’s our dollar buying less, Gold is a hedge against this.

Governments around the world (especially western ones) locked down the citizens & forced closure of small & medium business during the PLANdemic. Then they printed a heap of money & handed it out to anyone who would take it (inflation 101).

The Australian Government even doubled the dole payments for a period.

It’s no wander there is “stagflation” because the unemployment figures are fudged (they constantly alter the definition of the term).

I for example stopped working in 2022. I don’t appear as unemployed & I’m not on any government computer except the ATO. I don’t get a disability pension or unemployment benefits even though I might qualify, because I don’t believe in taking money from the government, someone else would have to pay for my benefits through paying tax, so I would essentially be increasing the tax a worker pays, therefore I refuse to do it.

I don’t get how people think it’s ok to constantly take handouts, a hard working tax payer is working to give you that money, not the government. I just can’t do it.

It’s a little different for those that grew up without superannuation, they’re entitled to their pensions I guess if they worked most of their life.

The government policy of Australia to hand out so much money (a form of socialism) will accelerate our collapse. Once your unemployed for over a year or 2 the payments should cease.

Aussies have this mentality their owed something, & happily take handouts from the Government thinking it’s ok. These handouts must be paid by taxpayers, as governments have no money except what they collect from taxes. The handouts cause hard working Australian to pay more in taxes, & alternatively, Government's to print more money as their tax receipts dwindle.

There is a day of reckoning coming, when the financial system collapses, and those that continue to take will be in all sorts of pain when there’s nothing left in the Government coffers & the currency becomes worthless.

I don’t plan on being here to witness it. Get a second passport or duel citizenship somewhere before it’s too late.

Expand

that’s not the definition of inflation!

Inflation is the increase in prices and decreased purchasing
power. Japan has been printing money for years yet
relatively low inflation.
The inflation occurring in Japan now is due to other factors
ie weak yen , strong US dollar.
Also there is no stagflation in Australia at the moment.

l fled to Japan, where are you planning to go?
Upvote

Reply

Top Stories

ASX

ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

RML

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

Gold, Brent Crude spike as Israel strikes Iran in worst-case scenario

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

Zip's stunning comeback: Is this the start of a $14 revival?

CUV

Clinuvel shares dip, even as CEO comes back from temp leave

MEG

Iberian expansion: Megado turns to Europe with Spanish copper mines

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

AVM

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

First 121 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Debasement is the Mother of Inflation, page-121

Top Stories

ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

Gold, Brent Crude spike as Israel strikes Iran in worst-case scenario

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

Zip's stunning comeback: Is this the start of a $14 revival?

Clinuvel shares dip, even as CEO comes back from temp leave

Iberian expansion: Megado turns to Europe with Spanish copper mines

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

Featured News