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RBA's attempts to hold down dollar a bust

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Australian Broker | 23 Jun 2014, 02:58 AM Agree 0
The RBA’s attempts to deflate the Australian dollar have failed, a senior economist has claimed
  • RBA no match | 24 Jun 2014, 10:27 AM Agree 0
    The RBA refuses to compete with the major competing economies that are driving their currencies lower to create jobs and economic growth, at the expense of Australia. We are losing industries and talent at a record rate. The US & Europe have a whole raft of programs to actively keep their currencies low, while the RBA sleeps. China and others actively manage their currencies for growth. There is no level playing field in world trade. Thee never was, and never will be. The RBA & FIRB employees are secure in their jobs, and don't seem to care much for the rest of us, or the future. They seem to have no idea on the effort over time to create the major industries in Aust and to establish our farms. Just run them down and sell them off cheap to overseas buyers is the quick fix. It's TREASON.
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