Politicians don't have a clue
Politicians throughout the world have been plunging their citizens into an economic morass in their naive belief that growth will solve all problems.But, their minhdless hopes have been dashed by a viral pandemic that swept over the world.zzthe depth of the problem has been highlighted by a former Australian Treasurer, Peter Costello who has forecast that this country's total debt could exceed a trillion dollars and is unlikely to ever be repaid. The inflationary monetary policies of the US, Europe, Australia and many other countries mean they are all chugging along on autopilot towards the permanent destruction of their currencies. Inflation and zero interest rates make money worthless. So protecting basic wealth which has often been built over many years presents a challenge. What are the options? Property and gold are two that spring to mind. Real estate always has an intrinsic value even in a declining market, whereas stocks and shares, which gamblers love to buy, are just...