What an absolutely "novel" and unique idea Australia and New Zealand have!!!! They actually set-aside the money to pay for their retirement obligations to their citizens!
Of note: Since Mar 2 the AS$ is UP 22% against the US$, and the NZ$ is UP 29% against the US$.
- I'm thinking that their bonds are a much safer bet than US bonds are, too!
Sunday, 21 June 2009
Australia and New Zealand......from Rico
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And since the U.S. taxpayer pays for most of Australia's and all of New Zealand's defense, they are doubly fortunate. Parasitism has its advantages.
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