At the end of the day we live in a debt based system. Full stop.
To repay existing debt you have to issue new debt. It is a never ending cycle of debt. The natural end is collapse.
Once the US got off the GOLD standard, issuing money by the Fed and others hushered in the Inflation Boom.
$1 - 60 years ago is currently worth 4c adjusted for inflation.
Now were are all being conned here. Our politicians and economist measure inlfation by costs of goods and services.
But as many know or dont know inflation is caused by increasing the money supply(liquidity).
Prime example a house in Melbourne suburbs cost 200k 7 years ago. Currently costs 650K.
Why the sudden increase?
Liquidity......Banks issue loans (debt) to anyone to reason. People have debt readily available and thus can by whatever they choose. End result prices go up.
Supply demand.
At the end of the day the only thing that holds its value and cannot be diluted is GOLD. and to a lesser extent other natural resources.
At the end of the day we live in a debt based system. Full...
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Last
$66.22 |
Change
0.440(0.67%) |
Mkt cap ! $12.83B | |||
| Open | High | Low | Value | Volume |
| $66.13 | $66.82 | $66.00 | $17.04M | 256.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3198 | $66.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $66.50 | 1642 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ASX (ASX) Chart |