Some Australians aren't paying tax due to a rise in 'sovereign accounting'
www.abc.net.au
Groups spring up on social media, claiming to hold secret knowledge the Australian government is holding back from regular citizens: the Australian Taxation Office "isn't real".

The sovereign citizen movement rejects the legitimacy of the government. Its fast-growing popularity has had authorities scrambling to get a handle on how far its tentacles have reached.

Unfortunately, Mr Oxby was persuaded by this theory during the seminar, which I infer from his evidence, was presented in a persuasive and charismatic manner."

He was ultimately fined $14,000.

  • shortwavesurfer@monero.townEnglish
    1·
    7 months ago

    That’s true. And by locking in a low interest rate on a home, for example, the buyer is basically shorting their fiat currency and saying that they believe it will be worth less in, say, 30 years than it currently is right now. And they would be right. Inflation is only going to get worse and worse as time goes on, and the government’s financial situation gets more and more dire. And so they turn to the printing press, which then dilutes the value of the fiat currency that has already been issued, hurting the individual. So what an individual should do is take out a super low interest loan on something like a home and convert the majority of their money out of their government fiat currency and into something tangible such as gold or Monero where inflation won’t ravage it away. Shorting government fiat currency is a great way to preserve your wealth.