capricorn wrote:rath wrote: The only reason we use the U.S dollar is to hedging our currency to maximize Aussie dollar profits.
You do know about currency hedging?
Lol you don't hedge to maximize profits dummy. You hedge to protect or insure another investment... please! just stop talking if you have no clue what you are talking about. You just look more of an idiot with every post
So i take it that's a no you have never heard of Currency hedging.
One heges to maxamise your profits by insuring a drop in the currancy you use does not wipe out your profits / cash resurves, & bankrupt you & the company one runs.
If the Australian dollar is higher then the u.s dollar as it has been for most of the last 200 years. & the company's assets are overseas in Europe & North America, ( say the Australian company - news corporation ) ( it assets are in Euro's & U.S Dollars ) & the U.S dollar & Euro Rise & the Australian dollar falls. then when you convert the company's profits / Euro's / U.S dollars back into Australian dollars ....... the lower Australian dollar means you get more Australian dollars per Euro / U.S dollar. ( higher Australian profits ) But if it goes the other way .... The Euro & yen & U.S dollar falls & the Aussie dollar rises .... then less Australian dollar profits .... But higher Profits over all as the European / U.S assets ( where we put all our assets due to the favorable & weak U.S laws & regulations ) ......... mean the U.S based & European based Australian assets ( again New Corp ) are wealth more & increases the value of the Overall company.
Like i said ..... Currency hedging is used to maximizes ones profits by using the currency market to insure the value of ones money remains the same.
& it is this ability of the Australia dollar that has seen the IMF replace the USA dollar with the Australian dollar as the worlds reserve currency.
So you can quote out dated information from the propaganda site wikipedia all you like mate .... ( it will change nothing )
Have a nice day.
capricorn wrote::lol: I love how you bash my source and the proceed to confirm its findings by proceeding to base your last post off the fact that Australia IS in fact holding US dollars. LOL!
Classic Rath, just classic!
LOL your a fool rathhole. Go post more YouTube videos as your "credible" source of information.
rath wrote: The only reason we use the U.S dollar is to hedging our currency to maximize Aussie dollar profits.
You do know about currency hedging?
Lol you don't hedge to maximize profits dummy. You hedge to protect or insure another investment... please! just stop talking if you have no clue what you are talking about. You just look more of an idiot with every post.
In summary, gun control doesn't work and Australia has proved that so thanks.
And thanks for coming.