735 people drowned in Australian rivers, creeks and streams between 2002 and 2012. Rivers claimed more lives than any other aquatic location across the same period.
China provides many examples of the Cantillon Effect. Not only does China print like mad, but when the Federal Reserve prints money, lots of it eventually flows into China. China then exports this inflation to the world based on what it demands. Milk powder, gold, luxury handbags, homes etc.
From 2010, Andy Xie on China’s demand for French wine:
Cross-posted from Investing in Chinese Stocks.
Whenever money is printed or there is growth in credit, there is the Cantillon Effect. Very simply, inflation is not evenly distributed; it works through the economy unevenly. Print money in the 1970s and it flows into energy and commodities. Print money at the end of the 1990s and it flows into a technology stock bubble. Print money in 2009-2010 in China and it flows into real estate. Where the money flows depends upon on demographics, tastes and preferences of those first receiving the money, or existing investment trends.
Increasing numbers of the wealthy global elite are saying goodbye to their home country and taking up residence elsewhere in an effort to preserve their riches.
Popular destination countries like Cyprus, Spain and Australia have programs that offer a path to citizenship or permanent residency -- for those who can afford to pay up. Money Speaks; Untouchable Capitalism
