IM NOT ADVOCATING RETURNING TO ANY GOLD..SILVER STANDARD..so stop distracting from the case in point...devalueing a set measure of exchange..ie fiat money

im explaining..what happend...to confirm where..the value of our money went...

you lot are talking like..a dolar then is like a dollar today..IT ISNT because gold.silver..[under pinning value]..was stolen..[THATS WHERE THE WEALTH WENT]

your house is still worth the same..in silver or gold..as it was then[or now]..but the increase of your homes..dollar price..indicates just how much VALUE..has been stolen

you can compound the delusions of compound intrest all you like...the only sdure thing is our monety will buy less tomorrow...and bankers WHO ARE COLLUDING THIS..cant even assure us our dollar banked today will buy what it can buy today..when tomorrow comes...

worse they are deliberatly creating ever more..FIAT PAPER..DEBT...for..thus those who know../buy assets..

while those who dont know..work for ever less..that is..now is pennies in the dollar...

its those do nothing specualtors creating the artificial/shortage...and those bankers giving them credit enabling it..true inflation is/has been runing at 7 percent...

any not getting 7 percent wage increase..[or intrest on savings are being stolen from and dont know it..thanks to appoligist's like you two..and our ignorant media

It is very difficult, oug, to work out exactly what you are advocating.

>>IM NOT ADVOCATING RETURNING TO ANY GOLD..SILVER STANDARD..so stop distracting from the case in point<<

Perhaps you are simply letting off the steam of frustration from the kettle of disappointment, brought to the boil by the fire of perceived injustice.

But you really should check your facts along the way.

>>before 1966 we had pounds...these pounds were exchangable[a promises to pay]one pound of sterling silver]<<

That is entirely fictitious.

There has never been a "silver standard" i.e. convertibility into silver, in Australia.

Ever.

The original pound was indeed a pound weight of 100% silver, but that was back in King Offa's time in the eighth century. It was downgraded to sterling (92.5%) silver in 1158, and then again when the pound itself was reset at 12 ounces, and debased completely in the sixteenth century when coins were produced that were only a third silver. This meant there were now 60 actual shillings to the "pound" of silver, while at the same time they switched to the gold standard via the guinea.

Due to the fluctuations of both the gold and silver prices, silver fled to the continent, and practically disappeared. (There's a lesson there somewhere, I think). But it was OK, because by the end of the seventeenth century, the Bank of England started issuing paper money, and the metals began their collective journeys into fiscal oblivion.

>>before 1945 our shillings were pure silver<<

But unless you wanted to melt them down, what was the point?

Back to the topic, though.

If gold/silver standards are not on your agenda... what exactly is?

peri.cruelear..please do not talk cccrap
try educating your self

The 1945 issue was the last to contain sterling silver. .... The usual going rate was one pound for every 17 shillings worth of pre-1946 coins smuggled in .... Each was overprinted as an 'AUSTRALIAN NOTE' with a promise to pay in gold. ...

http://www.australianstamp.com/coin-web/aust/cwealth.htm

here is an image of aussie note with a promise to pay in gold
http://cgi.ebay.com.sg/ws/eBayISAPI.dll?ViewItem&item=260264294400#ebayphotohosting

i suggest you learn about promise to pay
http://www.google.com/search?hl=en&rls=MEDA,MEDA:2008-36,MEDA:en-GB&q=promissory+note&revid=1705233981&ei=WUpfSvxm2IKRBfvgnagK&sa=X&oi=revisions_inline&resnum=0&ct=broad-revision&cd=2

or the promise to pay bearor
http://www.google.com/search?hl=en&rls=MEDA,MEDA:2008-36,MEDA:en-GB&ei=8EpfStOTBIva6gPgy4CTCQ&sa=X&oi=spell&resnum=0&ct=result&cd=1&q=promise+to+pay+bearer+one+pound+sterling+silver&spell=1

one pound was equal to 12 troy oz of 92.5 percent PURE SILVER
a shillings weight was 5.7 gr...two shiling was 11 gr
http://www.google.com/search?hl=en&rls=MEDA%2CMEDA%3A2008-36%2CMEDA%3Aen-GB&q=australia+promise+to+pay+one+popund+sterling+silver&btnG=Search&aq=f&oq=&aqi=

http://www.google.com/search?hl=en&rls=MEDA%2CMEDA%3A2008-36%2CMEDA%3Aen-GB&q=shilling+weight&btnG=Search&aq=f&oq=&aqi=
http://www.woodlands-junior.kent.sch.uk/customs/questions/moneyold.htm

my point is that theft and deception continues till today..even by such educated ignorants such as yourself

that govt should demand the fed return the issue of aussie money back to govt...
and that the bankers stop charging fees on money our loans actually create...its our promise to pay that creates the money...govt has surrendered the right to issue its own money to a banking cartel..

[who have cleverly twisted things so our coin is now basemetal..[keeping the gold and the silver,by removing the promise of redeeming paper for silver and gold coin]

lest we forget it was bankers who created the shortage[stealing and hoarding legal tender that sent the worlds govt's broke...collusion/treason must not be rewarded ...you cannot be as ignorant as you are attempting to appear

Pericles .I'm talking about the volume of money needed to create that inflation.Do the sums yourself 2500% divided by 96yrs is a average volume of money increase of 26% pa.CJ Morgan was right,we have compund interest thus with compound inflation created by the banks of even 3% pa the results are devestating on the value of our currencies.$ 1.00 now will ony buy 4 cents did 96 yrs ago.

It would be interesting to see the detail how the ABS calculates inflation in a given year,since there is an anomaly here in the depreciation of currency and the inflation rate.

Good news.Ron Paul now has 271 Congressmen supporting his bill to Audit the Federal Reserve.This is 62% of Congress.He only needs another 4% and the audit must happen.

Spot the differences oug

First you said..

>>before 1945 our shillings were pure silver<<

now...

>>The 1945 issue was the last to contain sterling silver<<

Pure silver, oug?

Given that you are numismatically inclined, I presume you know the difference between pure and sterling?

>>before 1966 we had pounds...these pounds were exchangable[a promises to pay]one pound of sterling silver]<<

and...

>>here is an image of aussie note with a promise to pay in gold<<

There is a difference between silver and gold, you may have heard.

You can't possibly believe, surely that the "pound" that they promised on the note you provided as an example indicated weight?

And as I mentioned before, you'd have to go back to the twelfth century to find anyone willing to give you 240 pure silver pennies for a pound.

Money is an instrument, not a metal any more. Live with it.

Arjay, this simply won't do.

>>I'm talking about the volume of money needed to create that inflation.Do the sums yourself 2500% divided by 96yrs is a average volume of money increase of 26% pa<<

I'm afraid that if you are unable to understand how percentages work on a per annum basis, or how a balance sheet works, or how double-entry bookkeeping works, it is highly improbable that you can come to grips with a subject as complex as banking.

>>with compound inflation created by the banks...<<

You are making the assumption that it is the banks who "create" inflation.

Here's a scenario. A real one.

You are an oil-exporting country in the 1970s.

The price of oil increases, creating a massive money inflow into your country.

You are in a situation where your supply of money has increased faster than the supply of goods and services - i.e., you have more money, chasing scarce goods - which, of course, you are able to afford.

If you can understand how this scenario has "inflation" written all over it, you will be on your way to understanding just a little bit more about the world we live in.