Wednesday, May 1, 2013

Inflating the Dollar (and Destroying the Local Economy)

In the grand tradition of "The Sorceror's Apprentice", Julia & Co have inflated the Australian dollar to the point where our farmers are selling up, our food processors are being liquidated and our new industrial and mining ventures are being shelved, priced out of global markets.
When we 99% are covering the bank's deposit holders from any loss for the next five years its little wonder shifting global funds are pricing up our AUD currency. Our depositors interest rate is already significantly better than America's.
All Swannie needs to do now is grab at super funds or swipe at negative gearing and J&Co will tip all the pricing models on their heads,...utter mayhem,... and we, the 99% will be wearing massive losses courtesy of Canberra guaranteeing these banks.

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