Sorry T10 I must have misunderstood this bit? "When will the Australian government wake up and make our SUPER's more bulletproof by securing it as say Government Bonds Or Australian Treasury Bonds ????"
The reason people go for assets and debt is because they subconsciously realise money gets worth less over time. Costs of living going up is largely a function of the value of the currency going down, though supply and demand factors of course do come in to it. When I was at high school, once a week I would wander down to the local chip shop and buy minimum chips with my government money. Cost? 5c Same amount of chips today, cost in government money? $4.50! According to me thats a 99% loss of purchasing power in less than 40 years. Australian money supply currently growth currently running at 23%. You can stick you pieces of government paper thanks. cheers Rod
