Australian Dollar is collapsing

[Lacessit]

On 11/30/2022 at 12:49 PM, Adumbration said:

Collapse back on track today.

 

Watch how the AUD craters on 6 December when the RBA fails to raise the cash rate.

 

Lowe should be in jail.

Australia's balance of trade from September 2019 to September 2022 month by month has without exception been in positive territory. In June 2022, it was the highest on record at over $17 billion.

I don't know why you are trying to talk the AUD down. The prediction it is going to hit US 50 cents, when the USA has debt measured in trillions, is utterly delusional.

Edited December 1, 2022 by Lacessit

[Adumbration]

3 hours ago, Lacessit said:

Australia's balance of trade from September 2019 to September 2022 month by month has without exception been in positive territory. In June 2022, it was the highest on record at over $17 billion.

I don't know why you are trying to talk the AUD down. The prediction it is going to hit US 50 cents, when the USA has debt measured in trillions, is utterly delusional.

Down she goes.  Next stop 23.

 

But just wait until the 6th, that is when the fun will start.

[HighPriority]

Everyone understands that the yanks raising interest rates will attract currency and put downward pressure on currencies that don’t raise their rates to retain parity…

[Adumbration]

I told you so 

 

Collapse of the AUD is back on track and will now continue to accelerate as the criminals at the RBA fail to match the interest rate rises of the Fed.

 

As usual nothing but silence on this thread from all of the members who said I was dellusional.

 

@Lacessitand other members relying on the Aussie OAP to live need to start trimming their weekly budgets right now because things are going to get much much worse moving into the new year with the AUD tanking below 20 baht.

Edited December 18, 2022 by Adumbration

[In Full Agreement]

On 10/13/2022 at 11:14 AM, ezzra said:

Not only the dollar, life in Australia become more difficult, confusing and expensive, not the Oz of yesteryear that's for sure...

 

Time  to break out a keg of beer and share War Stories.

 

[still kicking]

I don't know why everybody is complaining about the cost of living in OZ the cost of living is going up all over the world I live just on my pension don't own a house anymore no super anymore my rent for my 2-bedroom unit hasn't gone up in 6 years but then again, I don't live in the cool expansive cities like Sydney or Melbourne 

[Lacessit]

1 hour ago, Adumbration said:

I told you so 

 

Collapse of the AUD is back on track and will now continue to accelerate as the criminals at the RBA fail to match the interest rate rises of the Fed.

 

As usual nothing but silence on this thread from all of the members who said I was dellusional.

 

@Lacessitand other members relying on the Aussie OAP to live need to start trimming their weekly budgets right now because things are going to get much much worse moving into the new year with the AUD tanking below 20 baht.

23.37 is not a collapse, even if you would like it to be.

No need to trim my budget, I have enough in Thai baht to last for the next two years without touching my pension income. Also heavy weighting in gold and silver. Which both go up as currencies are crunched.

IIRC, I saw the AUD briefly below 20 baht about two years ago. It came back then, it will come back again. It's called a cycle.

[Adumbration]

35 minutes ago, Lacessit said:

23.37 is not a collapse, even if you would like it to be.

No need to trim my budget, I have enough in Thai baht to last for the next two years without touching my pension income. Also heavy weighting in gold and silver. Which both go up as currencies are crunched.

IIRC, I saw the AUD briefly below 20 baht about two years ago. It came back then, it will come back again. It's called a cycle.

23.37 is Friday's rate.  All downhill from here.  Sub 22 January.  And no it is not a cycle at play here.  It is intervention by the Oz Government and the RBA that has manufactured this collapse.

[still kicking]

3 minutes ago, Adumbration said:

23.37 is Friday's rate.  All downhill from here.  Sub 22 January.  And no it is not a cycle at play here.  It is intervention by the Oz Government and the RBA that has manufactured this collapse.

And today it is 23.48 

[Adumbration]

On 10/13/2022 at 3:09 PM, tandor said:

...the majority of Australian gold is still in the ground. Russia has heaps!

The majority of gold is still in the ground because it is not economically viable to mine it.  That situation is getting worse by the day.

[still kicking]

4 minutes ago, Adumbration said:

The majority of gold is still in the ground because it is not economically viable to mine it.  That situation is getting worse by the day.

What is your point trying to talk down Australia go to some other country and see how you fear 

[still kicking]

2 minutes ago, still kicking said:

What is your point trying to talk down Australia go to some other country and see how you fear 

Month	CPI	Monthly Inflation Rate (%)	Yearly Inflation Rate (%)
January	281.149	0.6	7.5
February	283.716	0.8	7.9
March	287.504	1.2	8.5
April	289.109	1.0	8.6  this is the USA  and this is Australia

Characteristic	Inflation rate compared to previous year
2023*	4.8 %
2022*	6.5 %
2021	2.82 %
2020	0.89 %

[HighPriority]

Thanks for the heads up adum, I’ll kill myself now to avoid the rush… ????

Edited December 18, 2022 by HighPriority

[still kicking]

17 minutes ago, HighPriority said:

Thanks for the heads up adum, I’ll kill myself now to avoid the rush… ????

I guess he does not even live in OZ he has no idea 

[Lacessit]

1 hour ago, still kicking said:

I guess he does not even live in OZ he has no idea 

Perhaps he has ambitions of shorting the Australian dollar.

Shorting is an activity that requires extremely deep pockets, if he had one of those I doubt he would waste his time posting on ASEAN.

But then, there are some keyboard warriors who claim to be very wealthy.

[Adumbration]

16 hours ago, Lacessit said:

Perhaps he has ambitions of shorting the Australian dollar.

Shorting is an activity that requires extremely deep pockets, if he had one of those I doubt he would waste his time posting on ASEAN.

But then, there are some keyboard warriors who claim to be very wealthy.

Oh please.  You qualify for the OZ OAP so you have less than 850K AUD in assets.  That is basically broke nowadays...and rather frightening given your age.

[Lacessit]

16 minutes ago, Adumbration said:

Oh please.  You qualify for the OZ OAP so you have less than 850K AUD in assets.  That is basically broke nowadays...and rather frightening given your age.

It might be basically broke in Australia, but it's certainly not broke in Thailand. Perhaps you missed that point in your rush to judgment.

Based on my monthly expenditure, capital depletion, and income from assets in said 850K, I will be reliant on the OAP only when I turn 104. That's not a frightening scenario for me.

I really don't know why you have this fixation with the AUD, are you even Australian? Perhaps it's just a thread to troll other posters.

 

[ozimoron]

3 minutes ago, Lacessit said:

It might be basically broke in Australia, but it's certainly not broke in Thailand. Perhaps you missed that point in your rush to judgment.

Based on my monthly expenditure, capital depletion, and income from assets in said 850K, I will be reliant on the OAP only when I turn 104. That's not a frightening scenario for me.

I really don't know why you have this fixation with the AUD, are you even Australian? Perhaps it's just a thread to troll other posters.

 

Down 10% against the Thai baht in a week is pretty much a collapse in my book.

[Lacessit]

4 minutes ago, ozimoron said:

Down 10% against the Thai baht in a week is pretty much a collapse in my book.

You should brush up on your math.

24.5-23.3X100/24.5 = 4.89%

[owl sees all]

 

Time for the Ozzies to do proper trading and get out of bed with the manipulative US.

 

Oz is one of the few countries in the world who should be self-sufficient in everything.

 

And while I'm bigging up the down-unders; dump Charles and become independent.

[ozimoron]

Just now, Lacessit said:

You should brush up on your math.

24.5-23.3X100/24.5 = 4.89%

It cleared 25 not long ago. My timeline was perhaps off a little (or a lot) but the math not so much. In 5 months it went from 25.7 to 23.3, a fall of 9.33%. I don't pay much attention because there's not a lot of point.

[Lacessit]

1 minute ago, ozimoron said:

It cleared 25 not long ago. My timeline was perhaps off a little (or a lot) but the math not so much. In 5 months it went from 25.7 to 23.3, a fall of 9.33%. I don't pay much attention because there's not a lot of point.

You did say a fall of 10% in a week.

Not a lot of point for me either. Currency is like the roof of a house, whether it is cold or hot one installs insulation.

[Lacessit]

1 hour ago, owl sees all said:

 

Time for the Ozzies to do proper trading and get out of bed with the manipulative US.

 

Oz is one of the few countries in the world who should be self-sufficient in everything.

 

And while I'm bigging up the down-unders; dump Charles and become independent.

The last time I checked, the USA had more foreign owned assets in Australia than any other country. America has survellance bases in Australia that an Australian citizen cannot enter.

It's a two-edged sword, because the US has a lot of incentive to protect its defense and commercial assets in Oz.

We would be self-sufficient in everything if we shot all our politicians that flogged off Aussie assets to low bidders.

I agree we should dump the guy who wanted to be a tampon; time we grew up.

[still kicking]

3 hours ago, Adumbration said:

Oh please.  You qualify for the OZ OAP so you have less than 850K AUD in assets.  That is basically broke nowadays...and rather frightening given your age.

Get informed I get 1150 dollars every 2 weeks 

[HighPriority]

5 hours ago, Adumbration said:

Oh please.  You qualify for the OZ OAP so you have less than 850K AUD in assets.  That is basically broke nowadays...and rather frightening given your age.

I do hope you're licensed to provide such profound financial advice, you might be wiser to solicit via PM... ????

[still kicking]

25 minutes ago, HighPriority said:

I do hope you're licensed to provide such profound financial advice, you might be wiser to solicit via PM... ????

I guess he does not even live in OZ 

[Adumbration]

20 hours ago, still kicking said:

Get informed I get 1150 dollars every 2 weeks 

Oh so you are also broke...with assets less than the OAP cut off.  I don't know why you post being effectively broke like something to be proud of.

[Adumbration]

Collapse picking up lots of steam today.  RBA will be asleep at the wheel over the holidays.

 

Next stop 22 baht.

Edited December 20, 2022 by Adumbration

[Rimmer]

A baiting flame post has been removed

[Lacessit]

2 hours ago, Adumbration said:

Oh so you are also broke...with assets less than the OAP cut off.  I don't know why you post being effectively broke like something to be proud of.

Broke is when one does not have enough money to pay next month's rent. Broke is when one can't afford petrol for their car, or can only afford packaged noodles to put on the table.

I have never been broke, and the last time I owed money on anything was 1974.

Does the photo of a meal at Singha Park recently look like I am broke?

Noted you still decline to state your nationality.

Are you proud of your Chicken Little imitation?