The USA is by far the biggest printer of money in the world having
printed nearly $3 Trillion since Covid to accommodate the US national
debt which is now pushing $30 Trillion USD ( $39 Trillion our peso)
$3 Trillion USD($4 odd Trillion AUD) would buy 80% of all Aus land,
that is nearly all of the mainland.
https://propertyupdate.com.au/guess-how-much-all-the-land-in-australia-is-worth/.
So our combined Comm + State + Muni debt of $1.4 trillion would buy
quarter of all Australian Land which by the way over 80% is urban!
Gina Reinhart bought the Kidman properties (2.5% of Australia's arable land)
for about $340 million 6 or 7 years ago .
Nixon removed the Gold Standard from the USD in 1973 giving the Fed
the licence to print Greenbacks to its heart's content.
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