Post by Faulty Memory on May 9, 2022 14:23:03 GMT 8
If you think price increases have been bad over the last twelve months, better fasten your seat belt.
One way or another, most of what we buy ultimately depends on trade in US dollars, either for the raw materials, or the finished products. Even from places like China. The price increases we have been experiencing over the last year have been caused in part by the drop in the AUD to USD exchange rate. The value of the Aussie dollar dropped a bit under four cents over that period, albeit with fluctuations that took it both higher and lower.
Well guess what folks? The Aussie dollar has dropped the same amount in the last three days, and is now struggling to stay above 70 cents. So you can expect price rises over the next three months similar to what we have seen over the past year.
This is what happens when governments endlessly print money.
One way or another, most of what we buy ultimately depends on trade in US dollars, either for the raw materials, or the finished products. Even from places like China. The price increases we have been experiencing over the last year have been caused in part by the drop in the AUD to USD exchange rate. The value of the Aussie dollar dropped a bit under four cents over that period, albeit with fluctuations that took it both higher and lower.
Well guess what folks? The Aussie dollar has dropped the same amount in the last three days, and is now struggling to stay above 70 cents. So you can expect price rises over the next three months similar to what we have seen over the past year.
This is what happens when governments endlessly print money.
