Craton
Mostly passive, contrarian.
- Joined
- 6 February 2013
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I may have said this before but as I remember it, for me anyway, the "great reset" occurred back in Feb 1966.Poor Australia/Australians,the future is grim....
When decimal currency came in 1 penny would convert into 2 cents and as an 8 yr old going on 9, I was very elated with this. With many a penny in my piggy bank this was probably the catalyst for me to start financial planning.
By the end of that year though, that conversion was reversed and 1 cent got you 2 pennies. I become so disappointed and disillusioned, even "tapping" coke bottles was becoming a real chore and meant double the effort.
I kept thinking what a bunch of cheats and I hated it with a vengenance. How dare they ruined my plans and dreams!
Not too many years later it came as no surprise that inflation is at the pointy end of economic reality, and oh how our buying power has been eroded since then. $100 in 1966 would buy over $1.5K in 2022. So the $AUD has lost approx. 93% of its value. I felt that decay way back then with "my reset".
You know, funny thing is I tend to think some how it'll all happen again.
![Two Cents :2twocents :2twocents](https://www.aussiestockforums.com/styles/default/xenforo/smilies/twocents.gif)