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.
