> I would imagine it would be a nightmare trying to manufacture in
> Australia, import components, and then sell locally and globally, at
> this massively forever changing exchange rate. Where is it going next?
>
> Cheers Don...
>
For us, as exporters it is simple. The jobs leave the shores, never to return as they are simply too hi-tech to easily bring back. We keep putting more on in our Asian plant and retrenching locals.
What have you personally done about that? Ever started your own business? Or have you always expected to be an employee, leaving the hard yards of starting thing to others? (Like most Australians...) If you want jobs here, you have to start businesses that are globally competitive, there's no sense in whinging that others haven't done it for you.
That's the beef I have with the "Buy Australian" campaign. All very well and good, but where is our "Sell Australian" campaign? Our dollar will only climb as high as the value we offer to the world.
Clifford Heath.
Clifford Heath wrote
What someone like you does is completely irrelevant.
Our currency relativity is entirely determined by the mining boom and what the stupid yanks do about their deficits etc.
Bullshit. What everyone in Australia does is relevant.
In my personal case, well over a hundred million dollars has come into this country, mostly into the pockets of more than one thousand employees of the startups whose technology I've created. You think that, as a small sample of what most individuals in Australia are capable of, makes no difference?
'cos if you do, you really are an idiot.
Yes he really is an idiot of the first magnitude the grand poohbah of idiots
Clifford Heath wrote
you.
Fact.
Utterly mindless silly stuff. That aint what drives the currency conversion rate with the USD.
country, mostly into the pockets of more
Easy to claim. Have fun actually substantiating that claim.
capable of, makes no difference?
Nope, that it aint the reason the $A is at an historic high.
Wota stunning line in rational argument you have there, child.
country, mostly into the pockets of more
I have a list of names, phone numbers, and stack of financial reports here that says otherwise. Bet you wouldn't actually check though. I invented the technology of Australia's first .com.au domain holder, while I was working at HP. When HP ditched it in 1990, we bought it and the resulting company was profitable every year for the following ten. That tech was used by Tandem to build the NASDAQ trading system, for example. But it's not about me. It's about what all ordinary Aussies can do, if they get out of their servile ruts.
capable of, makes no difference?
It's not the main reason - the main reason is that the US$ has slumped, and will continue to, until they start producing value equivalent to what they consume. But it is still *a* reason. We also must produce more than we consume/waste if we are to remain well-off. That means mining, but it means a lot of other things too, and you know it.
rate with the USD.
Actually, it is very close, but individual people are probably a small part of the total force. Basically, people with $US see they can get higher interest investing in Australia than they can at home in the USA, plud Australia currently has a very stable currency compared to the rest of the world, so it is a no brainer that they send there money here for the higher interest. Loaning it out for say an Aussie home loan at $200K-400K is nothing to the billions loaned out to buy large capital investment like mine vehicles and development.
This is where I call bullshit.
Sad that all we can produce is to ship off the basic bits of our country.really we are nothing better than a third world country growing coca beans, tea, etc.
terryc wrote
Pigs arse it is.
The real reason for that historic high is the demise of the USD, nothing to do with what everyone in this country does.
'the total force' is irrelevant to the conversion rate.
Australia than they can at home in the USA,
the world, so it is a no brainer that they
That aint the reason for the historic high either and that higher interest rate has been true for years now, we have only just recently seen the currency conversion rate peak. Have fun explaining that.
billions loaned out to buy large capital
That aint borrowed in australian dollars.
terryc wrote
ruts.
Thats a pig ignorant lie.
tea, etc.
And that is in spades. There might just be a reason we didnt even get a recession with the GFC.
Exports to China remained strong, and that means our dirt.
.
It is more of a case of "it would be much more expensive otherwise" Admittedly local price gouging plays a part in it. Yesterday saw petrol at $154.9
Gouging is correct , pump price in the middle east atm is under 4c a litre I hear
Because the price is going up faster than the $A
.
and the price of silver is going up even faster
kreed wrote
I dont care, I never use any of that.
Price is based on price in Singapore. FYI, it is going up in the USA as well.
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