As a hedge against inflation, a falling dollar may well see nominal prices rise, but you have to ask yourself, what is the point.
I doubt it will be long before the Australian government ( like many others) sees a falling dollar as a good way to fool the public into believing they are getting richer through nominal asset gains, but everything else will just get more expensive, and people's pensions and savings will be quietly sacrificed to keep things appearing more rosy than they are.
I can't help feeling that the main stream media, as an organ of the state has done a very good job convincing us that our current situation is a result of their diligent stewardship, brilliant and cautious banking sector etc etc, when the truth is we don't have a subprime problem here simply because we don't call it subprime, but low doc.
The government has burnt through the financial legacy left to them by the previous gang, and has managed to hide much of their profligacy due to the the resource boom.
But hey, this is Australia, greatest bloody country in the world as we all know, it is different here, as long as we keep believing it.
I doubt it will be long before the Australian government ( like many others) sees a falling dollar as a good way to fool the public into believing they are getting richer through nominal asset gains, but everything else will just get more expensive, and people's pensions and savings will be quietly sacrificed to keep things appearing more rosy than they are.
I can't help feeling that the main stream media, as an organ of the state has done a very good job convincing us that our current situation is a result of their diligent stewardship, brilliant and cautious banking sector etc etc, when the truth is we don't have a subprime problem here simply because we don't call it subprime, but low doc.
The government has burnt through the financial legacy left to them by the previous gang, and has managed to hide much of their profligacy due to the the resource boom.
But hey, this is Australia, greatest bloody country in the world as we all know, it is different here, as long as we keep believing it.