Aussie dollar will come down hard

[zone]

Aussie dollar will come down hard: Druckenmiller

May 9, 2013, 11:08 am Saijel Kishan, Bloomberg

The man who helped George Soros make $1 billion by betting on the UK pound recommends betting against the Australian dollar.

Stanley Druckenmiller, who made $1 billion for George Soros as his chief strategist by forcing a devaluation of the British pound in 1992, said investors should bet against the Australian dollar.

"We think the Australian dollar will come down and will come down hard," Druckenmiller said today at the Sohn Investment Conference in New York. "It's expensive."

Related: George Soros makes $18 million in 36 hours by shorting Aussie

The Australian and New Zealand dollars have each surged 45 percent against the U.S. dollar since the end of 2008, the biggest advances among over 150 currencies tracked by Bloomberg.

The Reserve Bank of Australia cut its benchmark interest rate to a record low on May 7, driving down a currency that has damaged manufacturing and boosted unemployment. Governor Glenn Stevens reduced the overnight cash-rate target by a quarter percentage point to 2.75 percent, saying in a statement that the Aussie’s record strength “is unusual given the decline in export prices and interest rates.”

Aussie dollar will come down hard: Druckenmiller - Yahoo!7 - Yahoo!7 Personal Finance < click

every nation on the big boys' chessboard is a testbed for something.

china is the model worker's society
canada tests GMO and chemtrails and pharmaceuticals on it's citizens
americans are subjected to psyops (mind control) and massive propaganda techniques
scotland is the test for the ubernanny state and re-education

and so on.

australia was tested first for gun confiscation, and now they'll be one of the "western" (read christian) nations ("commonwealth) to dive into total austerity and collapse of their money system.

they already have Common Purpose (NGOs for the new feudal state) in place.

reports from Australia would be appreciated.

what do we know about the occult city Canberra?

 

[Drett]

This is working out well for me. I need to go back to Australia soon. I'll need to buy Australian dollars.

 

[zone]

Wayne Swan's Budget to be a sea of red ink as debts rise

Stephen McMahon, Patrick Lion
News Limited Network
May 12, 20137:30PM

DEBT is expected to soar over the next four years to a peak of $185 billion as the Federal Budget struggles to get back into the black, putting the nation's prized AAA credit rating in jeopardy.

Treasurer Wayne Swan's Budget this week is tipped by economists to be a sea of red ink.

This year's deficit may even run as high as $22 billion some analysts claim despite last-minute attempts to rein-in runaway spending.

Mr Swan was on Sunday forced to deny his sixth Budget would hold little credibility after the broken promises and significant forecast disparities in previous years.

Wayne Swan's Budget to be a sea of red ink as debts rise | adelaidenow < click

 

[zone]

MOODY'S ANALYST BREAKS SILENCE: Says Ratings Agency Rotten To Core With Conflicts

Henry Blodget | Aug. 19, 2011, 11:33 AM

A former senior analyst at Moody's has gone public with his story of how one of the country's most important rating agencies is corrupted to the core.

The analyst, William J. Harrington, worked for Moody's for 11 years, from 1999 until his resignation last year.
From 2006 to 2010, Harrington was a Senior Vice President in the derivative products group, which was responsible for producing many of the disastrous ratings Moody's issued during the housing bubble.

Harrington has made his story public in the form of a 78-page "comment" to the SEC's proposed rules about rating agency reform, which he submitted to the agency on August 8th. The comment is a scathing indictment of Moody's processes, conflicts of interests, and management, and it will likely make Harrington a star witness at any future litigation or hearings on this topic.

The primary conflict of interest at Moody's is well known: The company is paid by the same "issuers" (banks and companies) whose securities it is supposed to objectively rate. This conflict pervades every aspect of Moody's operations, Harrington says. It incentivizes everyone at the company, including analysts, to give Moody's clients the ratings they want, lest the clients fire Moody's and take their business to other ratings agencies.

Moody's analysts whose conclusions prevent Moody's clients from getting what they want, Harrington says, are viewed as "impeding deals" and, thus, harming Moody's business. These analysts are often transferred, disciplined, "harassed," or fired.
In short, Harrington describes a culture of conflict that is so pervasive that it often renders Moody's ratings useless at best and harmful at worst.

Read more: MOODY'S ANALYST BREAKS SILENCE: Says Ratings Agency Rotten To Core With Conflicts - Business Insider


just gangstas. nuthin' more.

RICO 'em.

 

[Drett]

Wayne Swan's Budget to be a sea of red ink as debts rise

Stephen McMahon, Patrick Lion
News Limited Network
May 12, 20137:30PM

DEBT is expected to soar over the next four years to a peak of $185 billion as the Federal Budget struggles to get back into the black, putting the nation's prized AAA credit rating in jeopardy.

Treasurer Wayne Swan's Budget this week is tipped by economists to be a sea of red ink.

This year's deficit may even run as high as $22 billion some analysts claim despite last-minute attempts to rein-in runaway spending.

Mr Swan was on Sunday forced to deny his sixth Budget would hold little credibility after the broken promises and significant forecast disparities in previous years.

Wayne Swan's Budget to be a sea of red ink as debts rise | adelaidenow < click

Australia is in a constant cycle between labour and liberal governments. The labour government, which we are in now, spend up big and gets the country into heavy debt, then the liberals get in and get the debt down to a level that people are no longer concerned. They then get lured to vote for the big spending labour government that get the country into debt. We are reaching the stage where we need the liberal government back in to cut spending.

 

[zone]

Australia is in a constant cycle between labour and liberal governments. The labour government, which we are in now, spend up big and gets the country into heavy debt, then the liberals get in and get the debt down to a level that people are no longer concerned. They then get lured to vote for the big spending labour government that get the country into debt. We are reaching the stage where we need the liberal government back in to cut spending.

ya....same in kanada.
the fake left/right or.....left/lefter game

 

[Drett]

ya....same in kanada.
the fake left/right or.....left/lefter game

In Australia the parties are moving to the right. For issues such as treatment of refugees, they are both racing each other to the gutter.