Finance & Fury Podcast

Welcome to Furious Friday – Today – Continue with the Lucky Country Australia – Today – want to run through how a lot of our luck – especially if you have owned property, comes from the design of Australia’s monetary system since the early 90s. But diminishing marginal returns are a real thing – especially when it comes to money. In this episode we break this down to set the stage for the next two episodes – on Australian property and share markets and their potential returns for next few years.     The heart of every monetary system - money can only be created by a central authority – for guarantee of value – most of human history: Genghis Khan - established paper money in Yuan Dynasty- currency fully backed by silk and precious metals behead those found guilty of counterfeiting – in Before in Song Dynasty just tattoo their faces But this is when the paper money was fully backed by valuable goods When it comes to fiat currency (our current monetary system) – need to have one central Authority to make sur