Crikey Calling is independent media for independent minds – in handy podcast form! Join the Crikey crew for a lively (if somewhat wonky) look behind the scenes of politics and power in Australia.
Learn about what’s really happening in Canberra and around the country as we chew on the biggest national affairs issues of the week, dissecting the politics, policy and players as only the Crikey newsroom can.
[podcast]https://uat.crikey.com.au/wp-content/uploads/2013/05/Crikey-Calling-May-17.mp3[/podcast]
I found this report to be completely irrelevant for one overwhelming reason, so let us disabsue ourselves of any potential confusion.
A weak AUD is BAD for the country, and not good. It invites our country to be bought out by the wealthy.
Moreover, a weaker currency also causes inflation for proudcts at home, including fuel, groceries, and medicines.
This causes increasing difficulties for members of the middle class, while the financially elite, like George Soros and his cronies, who have broken our bank for the last 10 days, are able to make investments for themselves in our country, after having ripped us off.
If you are okay with causing the resurrection of our historical roots as a penal colony, for the sake of the elite, then by all means, weaken the currency! I beg of you, my dear correspondents and editors!
However, if you understand the most basic maths, then you would understand what it means when our currency is destroyed on 10 consecutive days without even a struggle!
Why should this be happening? In contrast to France, the US, or multiple other countries, Australia enjoys a AAA credit rating, has benefited from a strong economy with a wealth of natural resources, and we have been wise enough to accumulate little or no debt.
For all of these reasons, I think the recent destruction of the Australian dollar by forces who are inimical to the Australian middle class, must become noted by the entire public.
This should become a national conversation, for Pete’s sake, and I hope we can help make it happen!
There should not be a single newspaper, news program, or even the most innocuous discussion in all of Syndney, Melbourne, or Canberra, unless it involves a basic review of the recent destruction of the Australian dollar!
If it were up to people like you, apparently you would like us to wipe our collctive arse with the Australian dollar the way the Americans do with the Japanese yen!
I appreciate your attempts at understanding the political situation, but truly, you must admit, without bollocks, that your viewpoint is somewhat abhorrent, misguided, and ridiculous!
Please direct me to the Crikey blogs that illustrate the current dilemmas of the horribly weak Australian dollar, formerly the envy of the world as a Colossus of trust, due to its gargantuan strength as a pillar of confidence and reliability!
Thank you, Crikey, for your extraordinary insight that will turn our erstwhile mighty Australian dollar into a proctologist’s weapon of choice for appropriate rectal cleansing.
Sorry, no joke intended.
Let us not neglect the fact that George Soros has made approximately $60 million in 2 days betting against the Australian dollar, as the middle class suffers higher expenses for food, fuel, and basic needs. Thank you for your wonderful expert insight.