47
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 07 Apr 2024
47 points (100.0% liked)
Australia
3579 readers
90 users here now
A place to discuss Australia and important Australian issues.
Before you post:
If you're posting anything related to:
- The Environment, post it to Aussie Environment
- Politics, post it to Australian Politics
- World News/Events, post it to World News
- A question to Australians (from outside) post it to Ask an Australian
If you're posting Australian News (not opinion or discussion pieces) post it to Australian News
Rules
This community is run under the rules of aussie.zone. In addition to those rules:
- When posting news articles use the source headline and place your commentary in a separate comment
Banner Photo
Congratulations to @Tau@aussie.zone who had the most upvoted submission to our banner photo competition
Recommended and Related Communities
Be sure to check out and subscribe to our related communities on aussie.zone:
- Australian News
- World News (from an Australian Perspective)
- Australian Politics
- Aussie Environment
- Ask an Australian
- AusFinance
- Pictures
- AusLegal
- Aussie Frugal Living
- Cars (Australia)
- Coffee
- Chat
- Aussie Zone Meta
- bapcsalesaustralia
- Food Australia
- Aussie Memes
Plus other communities for sport and major cities.
https://aussie.zone/communities
Moderation
Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.
Additionally, we have our instance admins: @lodion@aussie.zone and @Nath@aussie.zone
founded 1 year ago
MODERATORS
That's true. And by locking in a low interest rate on a home, for example, the buyer is basically shorting their fiat currency and saying that they believe it will be worth less in, say, 30 years than it currently is right now. And they would be right. Inflation is only going to get worse and worse as time goes on, and the government's financial situation gets more and more dire. And so they turn to the printing press, which then dilutes the value of the fiat currency that has already been issued, hurting the individual. So what an individual should do is take out a super low interest loan on something like a home and convert the majority of their money out of their government fiat currency and into something tangible such as gold or Monero where inflation won't ravage it away. Shorting government fiat currency is a great way to preserve your wealth.