The aussie dollar against the US

[tranquilized]

Originally Posted by Keepleft

Vary true, the US Feds quantitative easing (printing of money).

Despite the crap on mainstream media of late re 'improvement' in US jobs and finance, all is not well at all, stateside.

A lot of nasty stuff in the US - but of course throughout the world too, if Greece drops out of the Euro, it'll be back to the Drachma possibly via a temporary 'emergency currency' first (A good Greek would hold a stash of silver and gold). Of course, that currency would devalue pretty smartly and it would take months for treasury to catch-up with the Greek Euro replacement.

Overnight, the Greek Euro currency would be worthless once notification of a return to the drachma is made.

We have Spain, Ireland, Italy and even France under pressure, we have a Chinee housing bubble (empty cities). I feel sorry for the German taxpayer, and Brits, for having to fund so many bailouts. I'll add GB should NOT have entered into this union as sovereignity in ALL national things MUST remain at home; am so delighted they didn't adopt the Euro, I'll bet they are too!

The Greek situation makes interesting reading, its only just starting really, and a US downfall, if it eventuates and it may well do so if it loses reserve currency status, would be on a larger - harder scale than the Greek example playing-out now.

Greeks voting for a communist/leftist government aint going to help things. Seems a majority of Greek coppers voted Golden Dawn (Nazi party). UK European parliament Independece Party chap Nigel Farage did warn them of this likelihood.
http://www.rt.com/news/greek-police-vote-nazis-350/

http://www.dailymail.co.uk/news/arti...ork-camps.html

Nigel:-
http://www.youtube.com/watch?v=qbqumK6qUTQ

whoa that is interesting whats going on in political Greece, more disturbing than interesting actually.

But one thing, how on earth did you read those articles, then come on here and refer to Golden Dawn as a leftist political party? They're as hard right as you can get! Even the articles clearly state as much in the headlines.

[tranquilized]

Originally Posted by mostly_broncos

Thankfully your dollar will never go to .75 again because our central bank is inflating our dollar as fast as it can.

Did you not mean deflating the dollar? All of this new money from the US seems to be doing a great job of keeping the US$ down, and therefore exports up. Helps the US, but not so much other countries, like Australia...

[mostly_broncos]

Originally Posted by tranquilized

Did you not mean deflating the dollar? All of this new money from the US seems to be doing a great job of keeping the US$ down, and therefore exports up. Helps the US, but not so much other countries, like Australia...

We have no exports other than gasoline . People here have been told our gas prices are high because of shortages but we are awash in gas and we are exporting more than we ever have. Oil companies are making money hand over fist. They are doing great

Meanwhile we are just printing money and buying our own treasury bonds with it. We need to keep interest rates low because our national debt is something like 15 trillion dollars. Right now interest is running 2.18% but the way we run our economy it should be 6 or 7%

All we pay is the interest on the debt we never pay off any of the principal and at 7% the interest would be close to a trillion a year.

[tranquilized]

Originally Posted by mostly_broncos

We have no exports other than gasoline . People here have been told our gas prices are high because of shortages but we are awash in gas and we are exporting more than we ever have. Oil companies are making money hand over fist. They are doing great

Meanwhile we are just printing money and buying our own treasury bonds with it. We need to keep interest rates low because our national debt is something like 15 trillion dollars. Right now interest is running 2.18% but the way we run our economy it should be 6 or 7%

All we pay is the interest on the debt we never pay off any of the principal and at 7% the interest would be close to a trillion a year.

US exports up -you know, all the aussies buying up a storm on eBay!

Seriously though, the US does export some things. The low dollar must help.