The USD exchange is the PRIME driver of the US markets ergo all foreign markets. You have to hand it to those bastards for setting themselves up as the de facto reserve currency for the world and milking us dry. We wanted it baby. Like an addict wants crystal meth. And despite the gathering storm there are no plans by any foreign government to build any storm shelters.
Here is the USD-AUD rate mapped against my ASX1900 index. The correlation is unmistakeable.
And here is the SP500 mapped against my ASX1900 index. Closely correlated to the ASX yet a better performer (+17% relatively speaking) over the last 6 months despite a minor -4% change in the USD-AUD rate over that period.
And that is the other advantage the US hegemony has. The ability to massage their capital markets and hence the rest of the worlds markets through adjustment of their 'reserve currency' exchange rate.
We are all going to hell in a hand-basket that has GS/JPM/MS embroidered on the side. They own our markets due to the above and even more so now the ASX and ASIC have given them CARTE BLANCHE to move stocks around with small parcel bots. If you think I am wrong, start pushing back on one of the stocks they are operating with parcels of equal size (typically under ten dollars worth). Pick ANY stock that they are running a price-suppression algorithm on and I guarantee you within the hour your phone will ring and the ASX will be threatening to prosecute you for market manipulation.
