What's your prediction on the Australian Dollar?

[Awesom Andy]

It might not be war in the sense that everyone's running around with a rifle, digging out trenches, or hiding out from air raids. These days, economic and cyber strategies can be just as useful. It's much like how we can almost say that Germany has now taken over the Euro zone, and did so without the need of the military.

Wars generally start when someone, whether driven by needs or greed, decide to fight someone else for things that they don't currently have or feel that things have been wrongly taken off them, and the current situation and systems aren't helping us in this regard. So while the chance of a traditional war is not very high in the developed world, it wouldn't be surprising to see more modern methods of disrupting the status quo.

 

[moa999]

I don't think anyone is in control in Europe, even the Germans

 

[JohnK]

Oh the 300 club (or whatever their numbers are now) are firmly in control. I knew about them ~10-15 years ago. They are more than a conspiracy. They are a reality. Europe is a perfect example of what they can achieve.

 

[RAM]

I find it baffling they have negative interest rates, amid all the money printing by the ECB.

Isn't this just setting themselves up for a huge fall?

It did not and has not worked for Japan over nearly two decades - it will not work anywhere unfortunately. When Japan Inc first started this, a few knowledgeable people likened it to pushing on a piece of string - doesn't actually move anything or change anything.

All it does it make it the next crop of politicians bad luck - unfortunately that is the focus of the decision makers. Their self-interest over the community. Having the regular recession would kill off the companies that deserved to fail and leave a crop of survivors to expand their market share.

Money politics (worth a search if new to you) ensures that the interests of the large donors trump all else.

For example: How many senior Wall Streeters have ever been charged over the mortgage debacle that set off the GFC?

but then again, how much money has Wall St put into lobbyists and donations to the major parties?

Too much like Australia. Five of top 10 donors to both major parties were consistently the same. Playing/paying both sides of the street. We certainly do have the best politicians money can buy.

 

[whatmeworry]

It might not be war in the sense that everyone's running around with a rifle, digging out trenches, or hiding out from air raids. These days, economic and cyber strategies can be just as useful. It's much like how we can almost say that Germany has now taken over the Euro zone, and did so without the need of the military.

Wars generally start when someone, whether driven by needs or greed, decide to fight someone else for things that they don't currently have or feel that things have been wrongly taken off them, and the current situation and systems aren't helping us in this regard. So while the chance of a traditional war is not very high in the developed world, it wouldn't be surprising to see more modern methods of disrupting the status quo.

I don't think anyone is in control in Europe, even the Germans

Well according to reports I read today, Putin is using the Russian population in Germany to destabilise Merkel.

Russia is trying to topple Angela Merkel by waging an information war designed to stir up anger in Germany over refugees, Nato’s most senior expert on strategic communications has claimed.
The attempt to provoke the removal of the German leader, who has been a strong supporter of sanctions against Vladimir Putin’s regime, is said to have been identified by Nato analysts.
Jānis Sārts, director of Nato’s Strategic Communications Centre of Excellence, based in Riga, Latvia, told the Observer that Russia had a track record of funding extremist forces in Europe, and that he believed there was now evidence of Russia agitating in Germany against Merkel.

Russia ‘stoking refugee unrest in Germany to topple Angela Merkel’ | World news | The Guardian

 

[defurax]

AUD @ .7573USD this morning! Maybe the fact that the Bank of Canada said they didn't mind the surge in CAD/USD value got the forex traders thinking that the RBA will also not react.

 

[cove]

Time to travel is what the exchange rate tells me.

 

[ithongy]

AUD$ up in value possibly die to Iron Ore price increase, however was told it would hold it's high value for long. When US raise their interest rates the AUD$ will take a dip. Was told to expect AUD$1 to USD$0.70 by mid 2016.

 

[serfty]

AUD$ up in value possibly die to Iron Ore price increase, however was told it would hold it's high value for long. When US raise their interest rates the AUD$ will take a dip. Was told to expect AUD$1 to USD$0.70 by mid 2016.

And if USA do not raise their rates?

Look back through this thread and see many a prediction. .. remember- even a stopped clock shows the correct time twice a day ...

 

[JohnK]

Back at parity again soon? Or at least >USD0.80 and stable for a few months.

 

[Cruiser Elite]

So US Fed now backing off rate increases - A$ up - Euro Zone neg int rates and extra stimulus - China not sitting by and see their exports slide - poor old Glen - he didn't have much hair a year ago - it'll be disappearing even quicker as his ability to tweak those levers being strangled by every other country in the world wanting lower currencies also.

 

[JohnK]

Time for universal currency indexed by country? The idea of someone working an hour in Thailand is not the same as say Australia.

 

[cove]

Ok JohnK my mother learned Esperanto as a universal language but it really didn't fly. Forget universal currencies as you can see Greece has been pulverized by Germany with the Euro. The Germans work hard and a lot of Greeks think drinking coffee is work. That is probably a problem that you would have with a universal currency.

 

[drsmithy]

Time for universal currency indexed by country? The idea of someone working an hour in Thailand is not the same as say Australia.

Is that not what a floating currency is supposed to achieve ?

 

[GarrettM]

Ok JohnK my mother learned Esperanto as a universal language but it really didn't fly. Forget universal currencies as you can see Greece has been pulverized by Germany with the Euro. The Germans work hard and a lot of Greeks think drinking coffee is work. That is probably a problem that you would have with a universal currency.

Well if it's the kind of coffee we have in the office these days it certainly would be a tough job.

Hoping for the AUD to strengthen a little more. Will encourage the wife to embrace some O/S jauntiness.

 

[defurax]

AUD/USD just broke the 76 cents barrier!

 

[JohnK]

Ok JohnK my mother learned Esperanto as a universal language but it really didn't fly. Forget universal currencies as you can see Greece has been pulverized by Germany with the Euro. The Germans work hard and a lot of Greeks think drinking coffee is work. That is probably a problem that you would have with a universal currency.

Not quite the same.

I you work 40 hours in Australia you het paid for 40 hours. If you work 40 hours in Thailand you get paid for 8 hours or maybe less as that is all they do.

It will happen. It is inevitable. Problem with floating currencies is supply and demand and manipulation influence the currency.

 

[Deleted member 6404]

The problem is the financial system is BROKEN, and no one knows what to do, and its all the financial guru's, banks and crooks out there that caused it, and now their trying to do it all over again and its not going to happen the average Joe has wised up to all the bul**hit out there a world Recession ( GFC) 2 is about to come round again. Starting with the USA.

 

[serfty]

Time for universal currency indexed by country? The idea of someone working an hour in Thailand is not the same as say Australia.

And who indexes the index?

I'd love the role ... after a very short time I could retire ...

 

[Awesom Andy]

I you work 40 hours in Australia you het paid for 40 hours. If you work 40 hours in Thailand you get paid for 8 hours or maybe less as that is all they do.

It's all simpler and fairer, isn't it? If you fly 40 hours on QF, you get paid for 40 hours worth of SCs. If you fly 40 hours on a partner airline you get paid for 8 hours worth of SCs or maybe less. It's already happening! :shock: