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How much will we pay? : Comments
By Fay Helwig, published 24/6/2008Australian farmers will cope with droughts and floods as they have always done, if they can sell their produce for an equitable price.
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It seems there is no real shortage of food ,[as our shops reveal]in fact much food gets plowed under because we cant pay the workers enough to harvest the crop.
But you have said all that [so i will tackle some of the other stuff you didnt mention]
The price of food hasnt gone up [let me explain] the american dollar has falled near 40 percent ,and food has only kept value to its worth but as the yanki dollar is the measure we use to price our resource , the ammount of dollars it takes to buy them
has increased.
Naturally the aussie dollar has fallen further than other euro ,. chinese currencies etc ,because of deliberated policy that sees much of our stuff sold in yanki dollars ,
so policies to try and retain a parity to the ever faster sinking yanki dollar will inevitable drag down our equity value inherant in our currency.
For egsample under howard a twenty year deal was done to supply natural gas
[at about half the current value [and soon to be effictivly paying them to take it
[further even good contracts being writen today [in yank dollars ]will be well below par by the time the new world order achieves its goal to reach parity with the mex peso ,to enable the intro of the amero [all ready printed].
As to the long term affect we are tied to a yank dollar being hyper inflated thanks to the 4 trillion spent on going to war in iraq,
Noting the american fed is privatly owned by the banking cartel as is ours , but worse it is them doing all the wrong thing [printing ever more cash to pay to the war lobby privateers[$47.000 owed by every american citizen currently] ,and rising fast.
While we consumers are experiencing all the pain for no nett gain [except the few exporters , contracting to sell our assets for dimes on the dollar]on the futures market, while we buy yesterday product at todays hyper inflated price tomorrow.