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Most liked posts in thread: The Australian Dollar is pitched to fall significantly

  1. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    and that would be what? The US Dollar? The EUR? LOL....

    If we go full risk off I'll bet my last dollar US treasuries will see some action...No brainer.


    CanOz
     
  2. skating101

    skating101

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    Why not the US dollar, their interest rates are at zero and monetary easing is off the table (for now) and the economic environment would need to deteriorate further before they did print so the US dollar would increase in value significantly during that period. During this same period the RBA has every intention of reducing interest rates further weakening the Australian dollar.
     
  3. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    I thought buying US debt was the same as buying US dollars?:confused:

    CanOz
     
  4. skating101

    skating101

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    Dollar or treasuries
     
  5. Glen48

    Glen48 Money can't buy Poverty

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    Word is once the Euro tanks all will run to the USD until it also tanks so guess then on its every man for themselves.
     
  6. Tyler Durden

    Tyler Durden

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    Perhaps people will run to gold?
     
  7. skating101

    skating101

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    Commodities (including gold) would fall significantly first just as they did in 2008 before rallying once liquidity was injected, instead buy US dollars then use those to buy gold prior to the printing
     
  8. skating101

    skating101

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    So why not buy US dollars?
     
  9. Glen48

    Glen48 Money can't buy Poverty

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    The way I see it the Feds will do all possible to keep Fiat afloat, once the Euro tanks all will rush to USD once USD tanks all will panic and every thing will go down including PM's silver 22-20 Gold 1500 maybe lower.

    Then they will look for security and go for PM's sending them to the moon.

    I think this will start to happen about Xmas and take a few yrs to get there 2016
     
  10. skating101

    skating101

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    For everything to go down something has to go up so if they US dollar drops then commodity prices have to rise
     
  11. Glen48

    Glen48 Money can't buy Poverty

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    True but like now every one is sitting it out. once it all tanks there will be a mad panic are every thing will go down until they see what options they have left and decide PM's are it.
    reckon we should see some movement about Xmas
     
  12. Glen48

    Glen48 Money can't buy Poverty

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    Of course look for choppers going to USA in large numbers as big Ben will want to drop out $150 note , $150 are better cos only need one trip not 3 .
     
  13. explod

    explod explod

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    Yep, after the Presidential election.

    Reading a very in-depth book on the currency subject at the moment and every country is trying to beat the other in keeping their money cheaper than everybody else to stay competitive in exports, manufacturing, tourism etc. You can be sure that a small nation like ours is not going to succeed against the big time so in my view our dollar will not fall and may in fact increase when the chopper really gets going to save the US before they in fact default on their unsustainable debt levels.

    Have mentioned the book before but anyone serious about wanting to know what is going on inside the Fed, the G's 2, 7, 20, the IMF etc., needs to get hold of this.

    "Currency Wars" James Rickards 2011
     
  14. skating101

    skating101

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    Thanks for the replies guys

    I understand that each currency is trying to devalue itself however as stated above the US is not in a rush to do QE3 however we are in a rush to reduce interest rates.

    In addition to this all other drivers of the Australian dollar are turning negative and we still have one of the largest housing debt bubbles in the world so what could you possibly think could drive the US dollar higher?

    Someone at least TRY and spell out a case for a higher US dollar
     
  15. explod

    explod explod

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    US interest rates rises. But they cannot do that as the debt servicing would crush them and Benanke has stated that this will remain till 2014.

    Money is being created(this is QE3 disguised) and loaned out at near zero interest to save banks around the world. Money for private individuals is scarce as banks do not want to loan as individuals are defaulting on debts/mortgages. So retail interest rates will continue to rise and our dollar will not fall in my view.

    I can find no case for a higher US dollar.
     
  16. Knobby22

    Knobby22 Mmmmmm 2nd breakfast

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    All true + the fact the US do not want a higher dollar or they won't be able to compete with Europe. There is no case and there is no desire.
     
  17. Glen48

    Glen48 Money can't buy Poverty

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  18. skating101

    skating101

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    This is not about a higher US dollar but a lower australian dollar
     
  19. explod

    explod explod

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    Was merely answering your question.

    But it is specifically relevant as the lowering US dollar value has so far transferred into a higher Australian dollar.
     
  20. skating101

    skating101

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    Sorry my mistake I meant to say make a case for a higher Australian dollar