alp damage to interest rates / aussies, page-125

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    The dollar rate is often blamed for all sorts of bad effects. But it is a red herring.

    Good business people will always find a way to deal with it. Or any problem if it comes to that. About ten years ago our dollar was worth 48 American cents. At the time, farmers and others screamed that any rise towards 60 cents would ruin them.

    Well, lo, here we are at almost 104 today, and good efficient farmers and others are dealing with it without undue drama.

    While the government loves to blame the high dollar for the collapse of manufacturing, they don't mention what would happen to our foreign debt reayments if the currency collpased back to 80 cents.

    The reason why the rich get richer and the poor, poorer, is because one group accepts what they can't change, and DEALS with it. The second group just whinges and wants more free handouts. Which upsets the former because they are expected to pay for the latter's laziness.

    If the kitchen gets too hot, get out of it. That's what smart people do.
 
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