Sunshine7 wrote:
Quote:
I did not know that, though its not suprising that your dollar is worth more than the U.S dollar.
It's actually better for the US that the USD is worth less in comparison with other countries.
maybe not. you do not export much except for cars and a few other commodities. if your dollar goes down, we (australia) will not sell to you as eagerly.
we may buy a few more buicks etc, but you are very much consumers, and not so much providers to the rest of the world.
if your dollar slips, then it becomes less lucrative to sell to you.
even brazil may decide to cease trading with you because even when factoring in transportation costs(shipping), it may be better for them to deal with other countries.
australia is in the very lucky position that we have the resources that china (and the rest of asia) need to build their economy. they do not have those resources, and we are close to them in distance. it is just mined out of australian ground (no brains needed). almost all the steel that is used to build asian cities is bought from us. we provide a huge amount of coal also for their filthy power stations (bad for nature, but good for business, and we are in the southern hemisphere and the northern hemisphere's pollution rarely crosses the equator (i know that is a shallow way to see things)).
we have signed a deal with india to provide them with uranium for their future (australia has lots of uranium (yellow cake)).
their economies will be the economies that will survive the coming global meltdown, and unless they attack us and steal our goods, we are in a good position.