Money Tracker Forums > In the news > Value

Thread: Value

PostValue
Posted by perusalstein 11 years ago (22 Feb 2008)
enlilninlil said:
It is interesting how the weakness in the U.S economy and our strong commodity exports have made our currency stronger.

mmm. let's see now...
Yes, the strength of money is a concern!

Australia doesn't manufacture so much recently, and seems to import disturbing quantities of domestic 'needs' and industrial requirements and export shiploads of mined commodities at give-away prices. Their contribution to our economy is sporadic when there's a lag in our ability to meet demand.

For sure, prices have been strong, particularly with China's demand for coal, iron and steel driving those prices up. These look ok for perhaps the next year or so, should other countries not outstrip us in supply!

And as for the US, well, history screams that their Administration's foreign and 'defence' policies are driven by their intention to stay on top, at whatever moral or ethical cost to their own people, or whatever political, human rights or environmental cost to others.

I'm under no illusion that associating and colluding with bullies doesn't increase vulnerability to unsavoury economic and political absurdities and extremes.

The Old Book has much of import to say about the poor, the causes of poverty, the use and distribution of wealth and about about reform. Bob Dylan wrote that money doesn't (only) talk: it swears, and for however long it continues to be relevant to contemplate how greed, selfishness and the love of money undermine real community and effectively fertilise the root of evil, the true value of money must remain debateable!

Yes, I'm Aussie working-class and work for my living, am in debt to a bank, have bills to pay and have to watch my dollars and whilst arguably somewhat left of centre, am no more a Marxist or Socialist than you and I are breathers of air, or drinkers of water!

Post Reply | Reply with quote
PostValue
Posted by adamdmasi 10 years ago (7 Mar 2008)
hi I'm new 2 moneytracker forum so I'm just playing 'ronud.
perusalstein said:
enlilninlil said:
It is interesting how the weakness in the U.S economy and our strong commodity exports have made our currency stronger.

mmm. let's see now...
Yes, the strength of money is a concern!

Australia doesn't manufacture so much recently, and seems to import disturbing quantities of domestic 'needs' and industrial requirements and export shiploads of mined commodities at give-away prices. Their contribution to our economy is sporadic when there's a lag in our ability to meet demand.

For sure, prices have been strong, particularly with China's demand for coal, iron and steel driving those prices up. These look ok for perhaps the next year or so, should other countries not outstrip us in supply!

And as for the US, well, history screams that their Administration's foreign and 'defence' policies are driven by their intention to stay on top, at whatever moral or ethical cost to their own people, or whatever political, human rights or environmental cost to others.

I'm under no illusion that associating and colluding with bullies doesn't increase vulnerability to unsavoury economic and political absurdities and extremes.

The Old Book has much of import to say about the poor, the causes of poverty, the use and distribution of wealth and about about reform. Bob Dylan wrote that money doesn't (only) talk: it swears, and for however long it continues to be relevant to contemplate how greed, selfishness and the love of money undermine real community and effectively fertilise the root of evil, the true value of money must remain debateable!

Yes, I'm Aussie working-class and work for my living, am in debt to a bank, have bills to pay and have to watch my dollars and whilst arguably somewhat left of centre, am no more a Marxist or Socialist than you and I are breathers of air, or drinkers of water!


Post Reply | Reply with quote