australia will be a casualty of currency wars, page-19

rates are about to be halved which means the dollar will be halved

Really LesPaul? This has nothing to do with interest rates anymore, its about QE & Sovereign Risk and making sure when the house of cards fall's down, the governments/central banks/insto's of the world aren't left holding the wrong currency.

RBA could take the cash rate to 0.75%, it wouldn't do anything as the Govts/CB's/Insto's of the world want to diversify out of USD/EUR to make sure they aren't left holding yesterdays reserve currency when SHTF. The AUD has these diversification qualities and central banks around the world have been actively buying AUD over the last couple of months.

The Race to Debase is on, and considering Steven's came out last week and said he wasn't interested in using other alternative means of keeping a lid on the AUD appreciating against the USD I don't see how the AUD crashes unless a Big 4 collapse or Swanny starts throwing money out of a helicopter...