posted on Sep, 15 2012 @ 01:11 AM
reply to post by Maxmars
Great post I totally agree. There is a global banking cartel which control the economy of each country through their respective central banks. But my
question is a bit more specific than that. I just really want to know why the AUD always sits to closely to the USD, especially when taking into
consideration inflation and other factors.
reply to post by fnpmitchreturns
The facts are that the CPI is so flawed that it doesn't really reflect real inflation. If you want to see the real inflation rate visit
Shadowstats.com and read John William's primer on the CPI how it is a worthless indicator of inflation today.
I knew someone was going to point
this out... but really it's not very relevant. I chose 2% because it's a nice clean conservative figure often quoted as the official figure. It
doesn't matter whether it's a bit higher or a bit lower, the point is it's still enough to cause serious inflation over long periods of time. I mean
2% a year doesn't really sound like much does it... but let that rate of inflation run over a course of 10 years and you have a 20% loss in value.
That's huge. In only ten years. At that rate it would only take 50 years before the dollar loses 99% of it's value.
reply to post by mbkennel
I remember that when I was in the Lucky Country in the early 2000's, the Aussie was about 65 cents, and prices in AUD were pretty
Now, AUD is equal to USD and prices in AUD have skyrocketed.
Sure back in the 2000's our dollar wasn't so close... but it was around that time
when that gap really started to close. For at least the last half a dozen years the USD and AUD have always been very close. I've been selling and
buying on eBay for at least half a dozen years and I know my USD conversation rates. Some times the AUD is higher than the USD but mostly the USD is
slightly higher than the AUD. But there's never a notable gap between them, it's essentially like they are the same currency most of the time. But
what I really don't understand is how that gap remains small even over long periods of time, they still stick together.
edit on 15/9/2012 by
ChaoticOrder because: (no reason given)