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Repatriate Australian Gold Reserves and Protect Australia from Global Crisis - PetitionBuzz
C'mon save Australia from financial crisis
C'mon save Australia from financial crisis
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That in the increasingly uncertain global financial circumstances, Australians are very concerned about the impacts on the Commonwealth of Australia and the counter-party risks associated with holding national assets in financially distressed countries like the UK that have an increasingly negative credit rating outlook. We are concerned that the progressively loose monetary policies of foreign Central Banks, such as Zero Interest Rate Policies and Quantitative Easing are debasing their national currencies and are:
1) Impacting the Australian economy by raising the comparative value of our currency and reducing the international competitiveness of our export industries and labour markets;
2) Undermining the basis of trust in the international currency regime that has been the historic hallmark of the affluence of developed economies since the Second World War, while growing international tensions;
3) Increasingly seeing developing nations seeking to protect the wealth realised in their development by diversifying their foreign currency reserves through gold accumulation initiatives of their central banks. These countries are reported to include China, Russia, India, South Korea, Thailand, Mexico, Brazil, Paraguay, Columbia, Argentina and Azerbaijan;
4) Forcing prudent nations, of both mature and emerging economies, to repatriate their national gold reserves from the historical financial centres of London and New York back to their own soil in increasing numbers. Countries reported to have or are undertaking such repatriation efforts include Germany, Venezuela, Ecuador, Mexico, Romania, Azerbaijan, Libya and Iran;
5) Causing citizens of nations around the world to become sufficiently concerned over the potential impacts to petition their governments to audit and account for their gold reserves. Countries with such initiatives include USA, Netherlands, Switzerland and Australia;
6) Seeing international investment strategies hedging the risk of devaluing global currencies by investing in agricultural and industrial commodities, precious metals and other tangible assets that push inflationary effects into the real economy; and
7) Increasing the likelihood that a currency crisis will re-establish the role of gold as a monetary asset in the global financial system against which other currencies will be valued.
This sounds like some tinfoil-hattery.
:crackup:
OP: all we want in the States is for our money to remain in our pockets where it belongs as well. We are in a HUGE financial crisis here. Give us some gold XD
A year ago i know it was ~130-150k per person.
It wouldn't surprise me if it were up to 200k cause <redacted quoted racist comment> in office.
And now they are taking more taxes from us poor folks this year.
It's freaking Ridiculous with a capital R.
Heh, I couldn't care less about race personally. Was just looking for an insulting term.
Heh, I couldn't care less about race personally. Was just looking for an insulting term.