funkers11
The dollar's value is set by people's willingness to hold it, in order to buy our goods, or buy us out, or to travel as tourists, or to lend to us....
In other words our Dollar is backed by the things we produce that the world wants.
During the tory governments misrule;
"Australia's productivity tank has run out of gas. Australia has lost one-sixth of its market share in manufacturing and service exports - its WORLD market share. $6 billion has been wiped off manufacturing exports in the last three years." - HEATHER RIDOUT, AUSTRALIAN INDUSTRY GROUP
Ethanol Fuel Fascism 4545440.html Brazil's Biofuel Strategy Pays Off as Gas Prices Soar quote stt About a third of the fuel Brazilians use in their vehicles is ethanol, known in Brazil as "alcohol." That compares...
Hence we borrow to buy the things we want. Nations that continue ot do that get punished by the global markets, eventually.
"It means that we're going to find declining per capita wealth generation in Australia. We're going to have slow economic growth, we're going to lose compebreastiveness against our Asian neighbours. For example, in manufacturing, China is setting the world price for our industry. We have to keep reducing prices, not putting them up. We have to absorb huge cost increases. And if we haven't got productivity to generate the capacity to do that, we simply will have to shed jobs and investment will leave Australia."
Remember, Helen Ridout is an Industry group spokeperson, a Business representative.
