ASX 0.26% $85.45 asx limited

watch the dollar caution!!

  1. 831 Posts.
    It has been long over due. Hit the peak then plunge without warning. The dirty float is being overplayed and manipulated.

    The excuse is here and the end is nigh. There is no going back. The false economy is about to show its true colours.

    The president had made his feelings clear in his meetings with the PM and cabinet to let them know they will not allow the US dollar to be bought so low. Not at a time like this.

    Apart from the problems with Non US banks hoarding US dollars from a higher exchange rate there is the distinct possibility the French and Germans could together with unfriendly Arab and other oil producing states who colect large sums in US dollars using it against the US economically.

    It is a repeat scenario of the early 70's when the Euro Dollar was used for all sorts of purposes to undermine the US economy and create a Japanese juggernaut eating into US debt markets and begining the underwriting of and strangulation of the US economy and their historic assault therein.

    Today it is the threat of 'terrorism' (bah humbugs), but the lessons remain. The US knows what it will be like to continue with the generosity for bum licking support to Australia to 'fix'' the rates between their currencies when it does not reflect the same realities with other major currencies.

    Australia could now be the unwitting conduit for aggressively speculating against or on the US dollar. The AUD is about to be crucified.
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