Good on you mate - great to have you and your family here in Aus and I appreciate you speaking up on behalf of people with similar views. Keep sticking it to ‘em!
We must all do our bit! It's a slow process but I believe we can bend the will of our politicians to act in our interest, not their corporate lobby donors.
Thanks Brian and Woody for raising these issues. I just want to note my view that Brian is a bit too pessimistic about the rate of offically recorded inflation by the ABS since 1997 - the $77,000 salary when accounting for inflation would today be around $160,000 not the $450,000 he cites. He could be right if the estimate was computed in terms of increases in medium housing prices in Sydney or the price of gold.
Hi Lokiloki, thanks for the clarification. Would you agree though that the purchasing power of $77,000 in 1999 would buy much more than $160,000 today, perhaps closer to $400,000? That's why the middle class income today is $300,000 according to the economists.
Austrian economics is loosing to Keynesian. The latter being the system we have lived under for the last 40yrs. If that makes no sense you, you need to learn more about those terms and the reasons why we are Ruled by the elected class instead of governed as at present. That is why gold is a preserver of wealth. Not Keynesian socialism.
Totally understand what you mean, Graham. The fiat currency system came from Keynesian economics of debt-driven spending. And governments aren't elected by the people, those with the funds select them for us. 😉
Good on you mate - great to have you and your family here in Aus and I appreciate you speaking up on behalf of people with similar views. Keep sticking it to ‘em!
We must all do our bit! It's a slow process but I believe we can bend the will of our politicians to act in our interest, not their corporate lobby donors.
very cool, nice commentary Brian
Thanks Brian and Woody for raising these issues.
I just want to note my view that Brian is a bit too pessimistic about the rate of offically recorded inflation by the ABS since 1997 - the $77,000 salary when accounting for inflation would today be around $160,000 not the $450,000 he cites. He could be right if the estimate was computed in terms of increases in medium housing prices in Sydney or the price of gold.
Hi Lokiloki, thanks for the clarification. Would you agree though that the purchasing power of $77,000 in 1999 would buy much more than $160,000 today, perhaps closer to $400,000? That's why the middle class income today is $300,000 according to the economists.
Thanks, great chat.
Austrian economics is loosing to Keynesian. The latter being the system we have lived under for the last 40yrs. If that makes no sense you, you need to learn more about those terms and the reasons why we are Ruled by the elected class instead of governed as at present. That is why gold is a preserver of wealth. Not Keynesian socialism.
Totally understand what you mean, Graham. The fiat currency system came from Keynesian economics of debt-driven spending. And governments aren't elected by the people, those with the funds select them for us. 😉
Any hard assets really anything other than AUD. It's going to sink even further against USD as well.
Neil Howe, the fourth turning. The time of the weak men have finished. Time for a rise 👍
sell the rba governers house
4th turning + empire cycles last on average 250years. USA started 1776 + 250 = 2026
👍