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#26 2016-06-25 04:55:47

whinfell
Silver Stacker
From: Australia
Registered: 2012-03-22
Posts: 3,328
Trades :   46 

Re: I predict the USD will be....

In 3.5 years time, the US dollar will still be the pre-eminent global currency, and the Pacific Peso Australian Dollar will be where it is now.

1.0 AUD to 0.747 USD

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#27 2016-06-25 05:02:17

SpacePete
Silver Stacker
Registered: 2014-03-01
Posts: 13,437
Trades :   122 
Website

Re: I predict the USD will be....

whinfell wrote:

In 3.5 years time, the US dollar will still be the pre-eminent global currency, and the Pacific Peso Australian Dollar will be where it is now.

1.0 AUD to 0.747 USD

I've got a separate bet with Skyrocket related to this.  The USD will be the last currency standing. Forget about the Yuan becoming the next global reserve currency.

I'm more pessimistic on the AUD simply because of the momentum of our economic stupidity. But in 3 or 4 years, who knows.


Catus amat piscem, sed non vult tingere plantas

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#28 2016-06-25 05:49:15

Killface
Silver Stacker
From: Nunya
Registered: 2016-01-06
Posts: 978
Trades :   15 

Re: I predict the USD will be....

whinfell wrote:

In 3.5 years time, the US dollar will still be the pre-eminent global currency, and the Pacific Peso Australian Dollar will be where it is now.

1.0 AUD to 0.747 USD

So I'm not the only one who calls our peso dollar a peso..


All that glitters is not gold...
...but all that is gold glitters!

Stacker formerly known as HoldMeTender

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#29 2016-06-25 06:45:14

Greg Williams
Silver Stacker
From: QLD, Australia
Registered: 2013-02-08
Posts: 2,888
Trades :   176 

Re: I predict the USD will be....

SilverPete wrote:

The USD will be the last currency standing.

^^^  This smile

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#30 2016-06-25 15:55:08

dccpa
Member
From: USA
Registered: 2010-08-29
Posts: 3,168
Trades :   

Re: I predict the USD will be....

Greg Williams wrote:
SilverPete wrote:

The USD will be the last currency standing.

^^^  This smile

The USD will be the last fiat standing, but how long will it stand? I am getting tired of waiting for the endgame, so I hope this is the start of the USD spike and the global reset.

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#31 2016-06-25 16:01:24

Old Codger
Silver Stacker
Registered: 2011-05-13
Posts: 5,128

Re: I predict the USD will be....

"So I'm not the only one who calls our peso dollar a peso.."

Komrade paul keating said it first!


OC


"The Australian Labor Party is a democratic socialist party and has the objective of the democratic socialisation of industry, production, distribution and exchange, to the extent necessary to eliminate exploitation and other anti-social features in these fields."   -  ALP Constitution.

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#32 2016-06-25 16:08:04

Skyrocket
Silver Stacker
From: Melbourne
Registered: 2014-07-20
Posts: 4,901
Trades :   36 

Re: I predict the USD will be....

Greg Williams wrote:
SilverPete wrote:

The USD will be the last currency standing.

^^^  This smile


I don't think so. The Yuan will replace it as the world reserve currency imo.  Nations are already starting to turn away from trading in it.  It's fate as world reserve currency is doomed. By 2020 Americans can roll cigarettes will their paper fiat.

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#33 2016-06-25 16:13:51

Old Codger
Silver Stacker
Registered: 2011-05-13
Posts: 5,128

Re: I predict the USD will be....

AFAIK, if China wants to make the Yuan the world's Reserve Currency they will need to back it with gold.

Otherwise it is just another bit of paper with a promise written on it,  and we have LOTS of those.

I believe that China has about 5+ times as much gold as they are letting on and they will need that and more to make the claim stick.


OC

And the American  "8000 tons" claim is bovine excreta!


"The Australian Labor Party is a democratic socialist party and has the objective of the democratic socialisation of industry, production, distribution and exchange, to the extent necessary to eliminate exploitation and other anti-social features in these fields."   -  ALP Constitution.

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#34 2016-06-25 16:53:09

Killface
Silver Stacker
From: Nunya
Registered: 2016-01-06
Posts: 978
Trades :   15 

Re: I predict the USD will be....

Old Codger wrote:

"So I'm not the only one who calls our peso dollar a peso.."

Komrade paul keating said it first!


OC

One thing you and I can probably both agree on is Keating's 'banana republic' warning.. some are concerned we're headed there now, but I'm concerned we are there now hmm


All that glitters is not gold...
...but all that is gold glitters!

Stacker formerly known as HoldMeTender

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#35 2016-06-25 17:28:12

Old Codger
Silver Stacker
Registered: 2011-05-13
Posts: 5,128

Re: I predict the USD will be....

Agree, it is only a detail of just where we are on the slippery slope.

Certainly not like most in terms of debt/GDP etc,  but certainly heading there,  and IMO nothing to slow our descent.  What we have now is an ever increasing debt load that is rapidly getting out of control,  and even  today would take GREAT trauma to reverse.

Try a moratorium on ALL social security COL adjustments for 5 years or more.   MUCH harder Dole and DSP payments, the family home forfeited for Nursing Home care.  $10 a time at the hospital Emergency Wards. $5 a time at the Doctor.  Meds scripts to $10 a script.  The list is endless.

I fully expect ALL of those!

JMNHO


OC


"The Australian Labor Party is a democratic socialist party and has the objective of the democratic socialisation of industry, production, distribution and exchange, to the extent necessary to eliminate exploitation and other anti-social features in these fields."   -  ALP Constitution.

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#36 2016-06-25 18:47:25

Roswell Crash Survivor
Silver Stacker
From: Zeta Reticuli
Registered: 2011-04-11
Posts: 1,965
Trades :   32 

Re: I predict the USD will be....

On the first day of 2020, US$1.00 will be worth more than AUD$2.50. (AUDUSD < 0.4000)


The Roswell Crash Survivor

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#37 2016-06-26 10:02:39

errol43
Silver Stacker
From: Bundaberg
Registered: 2010-04-13
Posts: 6,330
Trades :   

Re: I predict the USD will be....

I'll add a few more to the list..

No fuel rebates for the Mining Industry.
No $20,000 spending spree for businesses  to buy a new toaster!
No new roads.
No new sports stadiums!
No handouts for farmers!
No negative gearing!

OC seems like you are hoping for a depression. smile Please don't pick on the red swans for the blue swans are just as bad..Meanwhile the black swan is waiting to land on the pond ans send ripples into the pond of big financial circles.

REgards Errol 43

Last edited by errol43 (2016-06-26 10:03:22)

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#38 2016-06-26 10:55:00

tolly_67
Member
Registered: 2010-05-17
Posts: 1,759
Trades :   

Re: I predict the USD will be....

SilverPete wrote:
whinfell wrote:

In 3.5 years time, the US dollar will still be the pre-eminent global currency, and the Pacific Peso Australian Dollar will be where it is now.

1.0 AUD to 0.747 USD

I've got a separate bet with Skyrocket related to this.  The USD will be the last currency standing. Forget about the Yuan becoming the next global reserve currency.

I'm more pessimistic on the AUD simply because of the momentum of our economic stupidity. But in 3 or 4 years, who knows.

So when are the masses going to flock to the Yuan? A military dictatorship with an opaque legal system. ( not to be confused with the other military dictatorship with the slightly less opaque legal system ).
The yuan will replace the dollar when those outside China have a reason to have complete confidence in the systems in place and the rule of law. Still a long way to go yet.
There is still no choice.
Golds response to the Brexit was at best schizophrenic. There is no other currency that is capable of absorbing incredible amounts of capital as quickly and as easily as the u.s. dollar. If more European countries leave the EU, capital will flee Europe quicker than free beer disappears at a Silver Stackers convention.
The u.s dollar index will be 130 to 140 and the aussie dollar will hitch a ride as being a lesser currency reasonably well managed in a country with significantly less debt compared to the basket cases.

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#39 2016-06-26 10:56:38

tolly_67
Member
Registered: 2010-05-17
Posts: 1,759
Trades :   

Re: I predict the USD will be....

so whinfell, I am with you. The ratio of aussie dollar to the u.s. dollar could still be about 3 quarters but relative to the pound, the euro, the yen.....we will be a lot higher.

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#40 2016-06-27 04:38:58

Greg Williams
Silver Stacker
From: QLD, Australia
Registered: 2013-02-08
Posts: 2,888
Trades :   176 

Re: I predict the USD will be....

I remember about a few years ago the aussie was $1.05 - - - now it's $0.74 - whats wrong with this picture - our currency is shit?

Dug up this chart
fhZQDDO.jpg

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#41 2016-06-27 05:18:21

Killface
Silver Stacker
From: Nunya
Registered: 2016-01-06
Posts: 978
Trades :   15 

Re: I predict the USD will be....

^^ Volumes are interesting. Rise in bot-trades?


All that glitters is not gold...
...but all that is gold glitters!

Stacker formerly known as HoldMeTender

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#42 2016-06-27 08:36:13

BBQ
Member
From: Melbourne
Registered: 2010-08-29
Posts: 937
Trades :   

Re: I predict the USD will be....

Greg Williams wrote:

I remember about a few years ago the aussie was $1.05 - - - now it's $0.74 - whats wrong with this picture - our currency is shit?

when you find out, let me know

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#43 2016-07-01 00:27:54

BBQ
Member
From: Melbourne
Registered: 2010-08-29
Posts: 937
Trades :   

Re: I predict the USD will be....

did anyone on this forum reliably predict that the AUD would fall with regards to the USD (like it did first a few years ago after being practically on par)? If they did, please point me to the post. Bonus points if they gave reasons.

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