Aust dollar collapse to $0.66? Forecast

Low dollar = higher interest rates

Potentially also means US currency increases in relative ie not Australian doom! but US recovery?

House prices will sky rocket..

Not if interest rates rise.

aussie economy is fucked

whos going to run the shithole when they alienate all the good people

good luck you dinkum dickheads

Funny that... as the USA will no longer exist and will become "The North American Union" by that time composed of Canada, America and Mexico... remember Bush signing it in 2005 and the Amero being created!!!


Best of luck to all of us...

Won't matter. More overseas investors will buy up.

This is good but it wont happen Deutsch Bank is full of shit

Looking forward to it.

Unless of course,foreign investors can't buy here, because government changes visa laws - like canada..... (And there coming housing collapse - just started?). see this article.......


Canada’s government recently made an abrupt decision that could have repercussions for Australia’s already overvalued residential property market.

Canadian Finance Minister Jim Flaherty on February 11 announced that a 28-year-old visa scheme designed to attract wealthy foreigners to the country would be axed, effective immediately.
Under the now defunct Immigrant Investor Program, as long as you had a cool $C1.6 million ($1.6 million) in net assets, then all you needed to do was lend the Canadian government $C800,000 for five years on an interest-free basis and you were assured permanent residency for you and your family and a fast-track to citizenship.

The decision raised some eyebrows, not least because preceding the decision there had been growing chatter that the country’s already expensive housing market was being inflated even further by a wave of wealthy Chinese entrants into the country, and in Vancouver in particular.
Advertisement

At the time the immigration scheme was axed, there was a backlog of 65,000 applicants, of which 45,500 were mainland Chinese – and 80 per cent of those were bound for the province of British Columbia, according to analysis by the South China Morning Post.

Indeed, The Economist rates Canada’s residential property market as one of the world’s most expensive. The magazine’s analysts say housing is 76 per cent overvalued against long-term averages on a rental basis – the highest among the 23-country league table – and 31 per cent against disposable incomes.


Read more: [link to www.smh.com.au]

aussies that believe they live in the lucky country are really either very rich drug dealers from the 1980s before the cops had any useful technology to catch them... or morons

Australia is run by a bunch very dumb politicians they will destroy what is left of this country, they couldn't organize a piss up in a brewery.

yes, and no. the elite back in the city of London that own the commonwealth pass the laws, the politicians here just sort of tell their masters what is good for them

so yes, but the bluebloods that secretly own the government have a choice

listen to a bunch of communist fools in canberra.. or listen to me

We are going to be the next Greece. Those brainless politicians screwing this country will make sure of this.

I don't want to be tellin evy and lynn "I told you so". and i probably never will be. but just incase..

all I need to know is what they want their society to be exactly, and I will make it happen

obviously when james goldsmith said in his *cough* "prophetic interview".. 'im not for destroying society'.. he knew exactly what evy had planned and didn't agree with it. and either did Kate's dad.. RIP.

who will prevail correct? my pretend crystal ball is predicting....... the future isn't written.

Sure it is a drag for Aussies going overseas as tourists, but maybe it is a good thing for this to happen.

Exporters, Farmers and Manufacturers all get more money.

They then employ more people.

Other businesses start exporting again.

They then employ more people.

Aussies stop spending tourist dollars overseas, and start spending it within Australia at tourist destinations.

More businesses spring up and employ more people to cater to the demand.

More tourists will come to Australia in droves from overseas, coz it will be so cheap here to get around.

Everyone who has good real-estate in cities on the market, will sell at asking prices to overseas buyers.

"The Agency" readies the sightings? The dollars no more?

US recovery is not possible given reality. It can print like crazy and that will exhaust as a mean of artificial support. When? who knows - watch

It will take several decades yet before you can even fathom that being a possibility in OZ.. but yes very possibly at some point.. 2035 onwards

now the bluebloods may want this to happen. their breakdown of western society may all be planned. if not, then they need to tell their think tanks they suck... and listen to me instead

REALITY: tptb have lost the fucken plot, they're are going to continue fucking up, and if they don't want to hear the real truth from people like me, good luck to them

Well I would say the ozzy is worth about 30 cents in reality to a US dollar which should be worth about 50 cents...

The Aussie is doing fine, China will float us and our resources until we stop digging stuff out of the ground.

The only reason America isn't in flames is fracking. If it wasn't for the perceived safety of treasuries... Hahaha 17 trillion in unpayable debt. Hahaha Sorry, I can't say that with a straight face.

When the American government defaults on it's debt emerging markets will rise by heaps. Some crackpots think that a massive devaluation will happen and Gold and the Dong will skyrocket. But I'm betting on a currency deflation (strengthening) that will make money worth more. Both Dollars, the Euro, the Yuan and the Yen as well as the Aussie dollar too.

all the money is now monopoly money, numbers on a screen

one of the only true wealth remaining on earth is the gold held in vaults by the rothschilds. and other minerals. and their military you could say is valuable, as it protects their empire

any leader of any country who tries to change the rothschilds now fake monopoloy money into a real dollar that has real value.. conveniently becomes a terrorist and a threat to 'free' lmfao western society

is Lynn actually for real with her "inclusive capitalism", or are they genuinely taking the piss? .. because james goldsmith clearly knew what "they" were about to do with global FTA's and didn't agree with it... gee, I wonder why, maybe he thought he will better keep his throne by owning 'happy they don't know any better yet slaves' rather than 'wandering lost and beginning to question their existance slaves'

I will school Dr Phil's personal psychologist. you really have no clue.. so someone just tell me are the bluebloods trying to destroy western society on purpose, just as james goldsmith genuinely feared would backfire, or do you actually think you can turn us all into $2 / day peasants like chinese and Indians (Lynn loves her Indians most) and we will all just roll with that after being fooled we live in a 'democracy' ?? which one is it???????????????????????

that is the worst forecast I have ever seen and I though i had made some bad ones

a big Euro currency trader asked me about the fall in the dollar i told him why it can't fall anymore

and he understood

while y'all small fluoride soaked minds contemplate wtf I just said.. here's a nice song....

too bad B.I.G. got it wrong, and there are psycopaths among us who pretend really brilliantly to not be haters, but are infact the biggest player haters of all... that will plan your demise really early on and pretend to be your friend for as long as they need you alive... RIP B.I.G.