Australian Politics Forum - Dollar reaches parity with the $US

Life_goes_on Gold Member Offline Posts: 4772 400kms south of Yobsville, Qld Gender:	Re: Dollar reaches parity with the $US Reply #45 - Nov 9^th, 2010 at 8:01pm Quote: I want a Zulu Impi shield and spear. Anybody know where I can buy one without having to actually go out and fight a Zulu army? If you're serious, I can probably source them for you - none of this modern repro sh!t either.
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aussiefree2ride

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Re: Dollar reaches parity with the $US
Reply #46 - Nov 9^th, 2010 at 8:01pm

muso wrote on Nov 6^th, 2010 at 6:24am:

aussiefree2ride wrote on Nov 6^th, 2010 at 6:14am:

muso wrote on Nov 5^th, 2010 at 7:06pm:

You can even import an African drum with a goatskin head. When you buy them in Africa, you pay an extra $20 or so for a certificate that states that it has been treated with radiation or saturated with salt for 2 weeks.

I'd suggest that every African drum that's imported into Australia or the EEC have a similar certificate that states that they have been treated. How many do you suppose have actually been treated?

I'd make a guess at a round number.

Are the certificates printed in China? Grin

They are usually filled in by government officials at the airport in countries like Guinea and Mali. It's a nice little earner.

Australian customs sprayed my djembe (African drum) with insecticide, which was fair enough, but if I didn't have the certificate, it would have been firewood.

That is interesting.

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aussiefree2ride Gold Member Offline Australian Politics Posts: 3538	Re: Dollar reaches parity with the $US Reply #47 - Nov 9^th, 2010 at 8:03pm JC Denton wrote on Nov 9^th, 2010 at 7:44pm: I want a Zulu Impi shield and spear. Anybody know where I can buy one without having to actually go out and fight a Zulu army? Just get an uzi like everyone else.
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Dragoneyes New Member Offline Australian Politics Posts: 17	Re: Dollar reaches parity with the $US Reply #48 - Nov 9^th, 2010 at 8:10pm currently there i s rush from most world govts to depreciate their currencies. Australia seems to be the only one not doing so. whether this is good or bad,is hard to say. but if they keep pushing up interest rates,then of course what else will happen..?
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Life_goes_on

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Re: Dollar reaches parity with the $US
Reply #49 - Nov 9^th, 2010 at 8:14pm

Quote:

Swords are a naughty here in NSW, but bows aren't....neither are bayonets...

I don't think there's any restrictions on sword ownership in NSW - they come up often enough in public militaria auctions.

The only trouble I've ever had was with getting a few genuine SS and LW daggers through customs, but that was quite easily sorted.

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"You're just one lucky motherf-cker" - Someone, 5th February 2013

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qikvtec

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Re: Dollar reaches parity with the $US
Reply #50 - Nov 9^th, 2010 at 8:49pm

muso wrote on Nov 3^rd, 2010 at 9:34am:

It_is_the_Darkness wrote on Nov 3^rd, 2010 at 9:09am:

Word is getting around the world that Australia is the place now where to get rich. Boat and plane loads of people will be arriving in droves to get rich.

I hear what you're saying, although..

The time to get rich was when the market was down and the currency was low. Early 2009 was a good time to buy extra Super (to the max) while the unit prices were down.

History has shown that they will always recover. The good thing about the GFC (scary as it was) was that as long as you were employed, it provided an opportunity to buy cheap and reap the benefits when the market recovered.

We'll get another opportunity of course.

There has been 13 bear market periods since the depression. The GFC was awesome, gave us the opportunity to do some serious dollar cost averaging in both our super and non super portfolios. Some will say that it may take 20 years for these assets to see any significant growth, I'm nowhere near as pessimistic as that, but frankly don't care how long it takes in fact would be happy to see it retreat 50% over the next 10 years (which of course is not going to happen)

The time to get rich is always when the market is down. Buy low, buy high, never sell, grow the portfolio unit numbers until the income replaces your wage/salary and you have many many options. It's not really rocket science.

The big challenge is ignoring the hysteria peddled by financial journalism and overcoming the fear of "capital loss" which can't actually occur unless you sell your investment, anyone that did that while the price was down wants their head read.

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Politicians and Nappies need to be changed often and for the same reason.

One trouble with political jokes is that they often get elected.

Alan Joyce for PM

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perceptions_now

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Re: Dollar reaches parity with the $US
Reply #51 - Nov 9^th, 2010 at 10:06pm

qikvtec wrote on Nov 9^th, 2010 at 8:49pm:

muso wrote on Nov 3^rd, 2010 at 9:34am:

It_is_the_Darkness wrote on Nov 3^rd, 2010 at 9:09am:

Word is getting around the world that Australia is the place now where to get rich. Boat and plane loads of people will be arriving in droves to get rich.

I hear what you're saying, although..

The time to get rich was when the market was down and the currency was low. Early 2009 was a good time to buy extra Super (to the max) while the unit prices were down.

History has shown that they will always recover. The good thing about the GFC (scary as it was) was that as long as you were employed, it provided an opportunity to buy cheap and reap the benefits when the market recovered.

We'll get another opportunity of course.

There has been 13 bear market periods since the depression. The GFC was awesome, gave us the opportunity to do some serious dollar cost averaging in both our super and non super portfolios. Some will say that it may take 20 years for these assets to see any significant growth, I'm nowhere near as pessimistic as that, but frankly don't care how long it takes in fact would be happy to see it retreat 50% over the next 10 years (which of course is not going to happen)

The time to get rich is always when the market is down. Buy low, buy high, never sell, grow the portfolio unit numbers until the income replaces your wage/salary and you have many many options. It's not really rocket science.

The big challenge is ignoring the hysteria peddled by financial journalism and overcoming the fear of "capital loss" which can't actually occur unless you sell your investment, anyone that did that while the price was down wants their head read.

https://chart.bigcharts.com/custom/etrade-australia/chart.aspsymb=XAO&time=10yr&freq=1dy&type=1&compidx=aaaa%3a0&uf=0&ma=2&maval=25&lf=268435456&style=2061&size=1&comp=
Why wouldn't the markets drop 50% again?

And, why would it take 10 years?

Btw, if your share/s decline by 50%, there still worth 50% less, whether you sell them or not.

For those who sat on their shares during the Great Depression, it took some 25 years to get back to square, this time may be longer. In fact, share prices may never, at least not in our life times, get back to the 2007 all time highs, in most markets.

The japanese will never again see Nikkei 40,000!
http://chart.finance.yahoo.com/zs=%5eN225&t=my&q=l&l=on&z=l&p=s&a=v&p=s&lang=en-AU&region=AU

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qikvtec

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Re: Dollar reaches parity with the $US
Reply #52 - Nov 9^th, 2010 at 10:14pm

perceptions_now wrote on Nov 9^th, 2010 at 10:06pm:

qikvtec wrote on Nov 9^th, 2010 at 8:49pm:

[quote author=muso link=1288696141/0#6 date=1288740846][quote author=Jasignature link=1288696141/0#5 date=1288739368]Word is getting around the world that Australia is the place now where to get rich. Boat and plane loads of people will be arriving in droves to get rich.

And, why would it take 10 years?

I meant to say retreat 50% and stay there for 10 years.

Btw, if your share/s decline by 50%, there still worth 50% less, whether you sell them or not.

and?, my investments don't know what I paid for them.

For those who sat on their shares during the Great Depression, it took some 25 years to get back to square, this time may be longer. In fact, share prices may never, at least not in our life times, get back to the 2007 all time highs, in most markets.

and the incomes of these companies ceased right?

The japanese will never again see Nikkei 40,000!

Unlucky for their kids inheritance, but almost completely irrelevant to the ASX, particularly the ASX50

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Politicians and Nappies need to be changed often and for the same reason.

One trouble with political jokes is that they often get elected.

Alan Joyce for PM

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Bobby.

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Re: Dollar reaches parity with the $US
Reply #53 - Nov 9^th, 2010 at 10:47pm

Quote:

For those who sat on their shares during the Great Depression, it took some 25 years to get back to square, this time may be longer.

Rubbish - most people were left with worthless shares that could be
thrown in the rubbish bin.
Also thousands of banks went under taking all their depositors money with them.

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perceptions_now

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Re: Dollar reaches parity with the $US
Reply #54 - Nov 9^th, 2010 at 11:11pm

Bobby. wrote on Nov 9^th, 2010 at 10:47pm:

Quote:

For those who sat on their shares during the Great Depression, it took some 25 years to get back to square, this time may be longer.

1) Rubbish - most people were left with worthless shares that could be
thrown in the rubbish bin.
2) Also thousands of banks went under taking all their depositors money with them.

1) It took around 25 years for the DOW to attain the same level!

2) That's correct!

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Dragoneyes New Member Offline Australian Politics Posts: 17	Re: Dollar reaches parity with the $US Reply #55 - Nov 10^th, 2010 at 1:34am i don't see why everyone is discussing recession and share price reductions. the hot money from the US recently released by the Fed must surely be pushing,gold,silver,mining stocks,and generally all stocks upwards for some time to come. i think the future looks great for a while.
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darkhall67 Gold Member Offline Australian Politics Posts: 1935	Re: Dollar reaches parity with the $US Reply #56 - Nov 10^th, 2010 at 12:13pm Very interesting and accessible article from the japan times explains the decline in the US dollar very succinctly and easily for laymen like myself; http://search.japantimes.co.jp/cgi-bin/fl20101107x1.html
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Dragoneyes

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Re: Dollar reaches parity with the $US
Reply #57 - Nov 10^th, 2010 at 4:48pm

Japan seems to have it's own problems due to fundamental structural problems with it's economy and it's refusal to reform bank and finacial services.

the growth story which continues to advance the region including Australia is China.

the hot money coming from America will continue to fuel the Chinese economy,and therefore build greater strength for the companies which sell to China,such as mining companies and gold companies.

the next 1 to 2 years seem very broght and full of economic optimism thanks to the Chinese..

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perceptions_now

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Re: Dollar reaches parity with the $US
Reply #58 - Nov 10^th, 2010 at 6:35pm

Dragoneyes wrote on Nov 10^th, 2010 at 4:48pm:

1) Japan seems to have it's own problems due to fundamental structural problems with it's economy and it's refusal to reform bank and finacial services.

the growth story which continues to advance the region including Australia is China.

2) the hot money coming from America will continue to fuel the Chinese economy,and therefore build greater strength for the companies which sell to China,such as mining companies and gold companies.

the next 1 to 2 years seem very broght and full of economic optimism thanks to the Chinese..

1) What do you think is at the basis of those structural problems?

2) I wouldn't be too sure about that!
The Japanese "structural problems" are now out & about in most of the rest of the world and a few more "structural problems" are now coming home to roost.

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