Treasurer Peter Costello


In being curious as to matters concerning monetary inflation, and by extension, currency devaluation, due to the ongoing global 'competitive currency war' amongst the world's central banks, and the concomitant "quantitative easing" (aka 'money printing' aka 'Queasing'), we went about researching a few items in this area of monetary concern, from an Australian perspective.
We look at the devaluation of the Australian Dollar (AUD) vis a vis, gold, and the sovereign gold sales of Australia's gold, by the then Treasurer Peter Costello in 1997. A disastrous decision, and ultimately, a failure of fiduciary responsibility of the nations finances by the once Treasurer, with the ramifications of that action in light of Article 115 in the Australian Constitution...
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