Hot European money kills hope of a lower dollar

Australia’s dollar ought to be falling, a point underlined today by another weak analysis of manufacturing, but any hope of dollar relief for manufacturing, mining or agriculture has been killed by events in Cyprus and the flood of capital pouring out of Europe into safer places, including Australia.


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UNFLOAT the dollar. Set a fixed rate to the YEN, YUAN, EURO and US DOLLAR. This cuts out all the SPECULATORS. Also the sale of Australian Government Bonds(AGB) should be reduced and limited sales to foreigners should be limited. (AGB's are sold only as far as can be determined in Australian Dollars-hence the HIGH AUSSIE Dollar exchange rate)

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